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Hyatt Reports Third-Quarter 2020 Results
Hyatt Hotels Corporation | November 5, 2020
CHICAGO (November 5, 2020) - Hyatt Hotels Corporation ("Hyatt" or the "Company") (NYSE: H) today reported third-quarter 2020 financial results. Net loss attributable to Hyatt was $161 million, or $1.59 per diluted share, in the third quarter of 2020, compared to net income attributable to Hyatt of $296 million, or $2.80 per diluted share, in the third quarter of 2019. Adjusted net loss attributable to Hyatt was $150 million, or $1.48 per diluted share, in the third quarter of 2020, compared to Adjusted net income attributable to Hyatt of $39 million, or $0.37 per diluted share, in the third quarter of 2019. Refer to the table on page 13 of th
RLJ Lodging Trust Reports Third Quarter 2020 Results
RLJ Lodging Trust | November 5, 2020
- Portfolio generated positive gross operating profit and open hotels generated positive EBITDA - Reduced monthly cash burn estimate - Maintain total liquidity of $1.2 billion BETHESDA, Md.--November 5, 2020--RLJ Lodging Trust (the “Company”) (NYSE: RLJ) today reported results for the three and nine months ended September 30, 2020, and is providing a hotel reopening and cash burn update in light of the ongoing COVID-19 pandemic. Highlights 96 hotels now open, representing 93% of the portfolio Total portfolio achieved 29.3% occupancy and open hotels achieved 37.1% occupancy during the third quarter Reducing monthly cash bu
Where Data Goes to Die
Alan Zaccario | November 5, 2020
By Alan Zaccario The Aftermath of the Pandemic and the Ethical Implications of Data Deletion and Sanitization An exclusive Hotel Online article series on securing customer and employee data - Part 1 Embarrassing reports of lost data surfacing on the dark web are becoming more and more prevalent in the media. As hoteliers we become the custodians of our guests and customers’ data from the time acquired and utilized until that information is archived or permanently deleted. However, what happens when that chain of custody is broken? What happens to the employee data too? More importantly what plans do you as an owner have to prevent a dis
STR: U.S. Weekly Hotel Occupancy Lowest Since Late June
STR | November 5, 2020
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy was the lowest for any week since late June, according to the latest data from STR through 31 October. 25-31 October 2020 (percentage change from comparable week in 2019): Occupancy: 44.4% (-29.0%) Average daily rate (ADR): US$91.56 (-27.4%) Revenue per available room (RevPAR): US$40.70 (-48.4%) With rising COVID-19 case numbers and less leisure travel, the U.S. saw a second consecutive week with fewer hotel guests. During October 25-31, room demand fell 1.3 million from the prior week, leading to the country’s lowest occupancy level (44.4%) since the week of June 14-2
Canada Hotel Occupancy Drops Slightly
STR | November 5, 2020
HENDERSONVILLE, Tennessee—STR data for 25-31 October 2020 showed slightly lower occupancy from prior weeks for Canada’s hotel industry. 25-31 October 2020 (percentage change from comparable week in 2019): Occupancy: 29.2% (-49.8%) Average daily rate (ADR): CAD109.77 (-25.9%) Revenue per available room (RevPAR): CAD32.10 (-62.8%) Occupancy for previous weeks came in at 31.1% (24 October), 29.9% (17 October), and 32.2% (10 October), respectively. For the week ending with 31 October, British Columbia recorded the highest occupancy level (35.6%) among the provinces. Vancouver (33.0%) was the only major market at or ab
Commonwealth Hotels Adds Home2 Suites by Hilton El Reno to Management Portfolio
Commonwealth Hotels, LLC | November 5, 2020
COVINGTON, Ky., Nov. 4, 2020 - Commonwealth Hotels is pleased to announce the addition of the Home2 Suites by Hilton El Reno to the companies expanding portfolio. Based just 25 minutes outside of downtown Oklahoma City, the hotel broadens Commonwealth's footprint in the Midwest. "We're truly excited for the opportunities managing the Home2 Suites EL Reno will bring us," Brian Fry, President of Commonwealth Hotels, said. "The chance to work in a new community with a new brand will be a boon for our organization. We cannot wait to implement the Commonwealth culture in the Heart of Oklahoma." The Home2 Suites by Hilton El Reno includes 8
Pellerin Real Estate Acquires 375-Key Ramada Plaza by Wyndham Atlanta Downtown & Conference Center
Life House | November 5, 2020
ATLANTA - Pellerin Real Estate has acquired the former Ramada Plaza by Wyndham Atlanta Downtown & Conference Center, a prominently-located 375-key full-service hotel in Atlanta’s Summerhill neighborhood. Pellerin has partnered with Life House through its Life Hospitality independent management arm to stabilize operations and explore redevelopment opportunities as the neighborhood continues to evolve. Together, the partnership seeks to grow its hotel portfolio by at least 1,000 additional keys by acquiring midscale hotels in Sun Belt states over the next 12-month period. Pellerin’s first hotel project is extremely well-located in d
Whiteface Lodge Taps Joe Giannino as General Manager
Whiteface Lodge | November 5, 2020
LAKE PLACID, N.Y. – Nov. 5, 2020 – Whiteface Lodge is pleased to announce that Joe Giannino has been appointed general manager of the AAA Four-Diamond, luxury all-suite resort in Lake Placid, N.Y. Giannino brings a wealth of knowledge to Whiteface Lodge with 30 years of experience at both branded and boutique hotels and resorts, as well as upscale restaurant operations. Among his first leadership projects was a food donation effort at Whiteface Lodge, organized in partnership with the U.S. Department of Agriculture and the Farmers to Families Program, which handed out packages of fresh and dried foods to area residents in need. Refl