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Hyatt Reports Second Quarter 2024 Results
Hyatt Hotels Corporation | August 6, 2024
CHICAGO (August 6, 2024) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported second quarter 2024 results. Highlights include: Comparable system-wide hotels RevPAR increased 4.7% compared to the same period in 2023 Comparable system-wide all-inclusive resorts Net Package RevPAR increased 3.0% compared to the same period in 2023 Net Rooms Growth was approximately 4.6% Net Income was $359 million and Adjusted Net Income was $158 million Diluted EPS was $3.46 and Adjusted Diluted EPS was $1.53 Adjusted EBITDA1 was $307 million Pipeline of executed management or franchise contracts was appro
Hilton Accelerates Expansion Across Portugal With Three New Hotels
Hilton | August 6, 2024
London, UK – Hilton (NYSE: HLT) has today announced plans to open three new hotels in Portugal in 2025 and 2026 under three brands – Canopy by Hilton, Tapestry Collection by Hilton and DoubleTree by Hilton – as part of the company’s plans to continue expanding its presence in the country. Patrick Fitzgibbon, senior vice president, development EMEA, Hilton said: “Last year tourist numbers soared to record highs in Portugal and with demand expected to continue, it’s an incredibly attractive hotel investment market. We’re thrilled to have signed three new properties across three of our world-class brands, further expandin
Valor Hospitality Partners Assumes Management of Hilton Garden Inn Haymarket
VALOR HOSPITALITY PARTNERS | August 6, 2024
ATLANTA, Aug. 6, 2024—Leading global hospitality management company Valor Hospitality Partners continues to grow its global portfolio, assuming operation of the Hilton Garden Inn Haymarket in Haymarket, Virginia. The strategic addition enhances the organization’s commitment to providing exceptional hospitality experiences in prime locations worldwide. “The addition of the Hilton Garden Inn Haymarket to the Valor portfolio, a hidden gem within the Piedmont region of Virginia proximate to both the Manassas National Battlefield Park and downtown Washington D.C., will allow us to demonstrate our obsession to both creating memorable guest
Noble Acquires Courtyard by Marriott Jacksonville Beach Oceanfront
Noble Investment Group | August 6, 2024
Atlanta, Georgia (Tuesday, August 6, 2024) – Noble Investment Group ("Noble") today announced the acquisition of the Courtyard by Marriott Jacksonville Beach Oceanfront. Located on the shores of Jacksonville Beach, the hotel will undergo a comprehensive enhancement to all hotel guestrooms and suites, public areas, and meeting and event spaces. Jacksonville, Florida, is a rapidly growing metropolitan city known for its high quality of life and business-friendly environment. In 2024, new census data shows Jacksonville is among the fastest growing cities in the U.S., and the city was ranked among the list of the best large cities to start a
NexGen Hotels Acquires The Cole Hotel in Palm Springs, California
NexGen Hotels | August 6, 2024
NexGen Hotels Expands its Portfolio into the California Market Palm Springs, CA – August 6, 2024 – NexGen Hotels, a hotel development and management company based in Itasca, Illinois, today announced the acquisition of The Cole Hotel in Palm Springs, California. Located at 2323 North Palm Canyon Drive, the boutique hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri. The Cole Hotel is nestled at the base of the majestic San Jacinto Mountains and is the perfect desert oasis whether looking to be laid-back poolside or out for adventure. The 30-room hotel offers guests convenient access to the scenic trails of th
Haytham Said Appointed General Manager of Four Seasons Hotel Miami
Four Seasons Hotel Miami | August 6, 2024
Sharing innovation and world-class experience across South Florida’s celebrated Atlantic coast August 6, 2024, Miami, U.S.A. Cruising from the beaches of Fort Lauderdale and Surfside to the trendy cityscape of Brickell, Haytham Said, a 24-year Four Seasons leader with a keen attention to detail and a forte of making every stay memorable, is continuing to make a mark in South Florida, joining Four Seasons Hotel Miami as General Manager. With a career that blossomed from trainee to General Manager, always with the acclaimed Four Seasons marque, Haytham knows every detail about managing the most service-centric collection of hotels
Alexander Hotel Now Open in Mexico City’s Lomas de Virreyes District
Alexander Hotel | August 6, 2024
Located Within the Iconic Torre Virreyes, Alexander Hotel Debuts with Striking Design and First-of-its-Kind Caviar Bar Mexico City, MX (August 6, 2024) – Alexander Hotel, a new boutique hotel in the iconic Torre Virreyes skyscraper, is now open. Positioned in the heart of Mexico City's financial hub, the hotel combines sleek design, meticulous attention to detail, and a Caviar Bar, the first of its kind in Mexico. The five-star hotel features 26 light-filled suites and luxury amenities, including a spa, restaurant, a complete Technogym, and a premium concierge. All suites are equipped with state-of-the-art technology. Just minutes away f
Springboard Hospitality Promotes Four New General Managers Across Properties in West Hollywood, CA
Springboard Hospitality | August 6, 2024
The Award-Winning Hospitality Management Group Elevates Internal Talent Across Four Hotel Properties in West Hollywood, CA LOS ANGELES, Calif. (August 6, 2024) – Springboard Hospitality, a leading hospitality management company with 48 independent and branded properties in 14 states throughout the U.S., announces the promotion of four dedicated team members to general manager positions across each of its West Hollywood properties: Chance Reno at Hotel Ziggy, Desiree Gardea at Chamberlain West Hollywood (which was recently awarded a Michelin Key), Karla Roque at Le Parc at Melrose, and Tim Erkelens-Probst at Montrose at Bever