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Shenandoah Mansions, the Newest Hotel From Ash, Plans February 2025 Opening
Ash | July 25, 2024
July 25, 2024 — Today, Shenandoah Mansions, the fifth hotel from hotelier Ash, launches reservations ahead of its February 2025 opening in Richmond, Virginia. Owned and designed by Ash, Shenandoah Mansions is a redbrick 73-key hotel inhabiting a six-story historic apartment building dating back to the 20th century. Once home to community leaders such as Ellen Gertrude Tompkins Kidd, a women’s suffrage activist and Pickle entrepreneur, Shenandoah Mansions exudes old-world charm through cinematic interiors with Richmond influence and references to local myths and legends. “Since first visiting Richmond, I’ve been captivated by the
Radisson Hotel Graz Opens, Introducing the Upscale Radisson Brand to Austria
Radisson Hotel Group | July 25, 2024
With the grand opening of Radisson Hotel Graz, Radisson Hotel Group introduces its upscale Radisson brand to Austria. The newly built hotel features 232 rooms and sits in a strategic location by the central train station and offers delightful spaces in Scandinavian-inspired design, while introducing the exciting Balaustine restaurant concept to the city. Radisson Hotel Graz enjoys a location that provides easy access to all of Graz. As the capital of Styria, Austria’s self-proclaimed “green heart” known for its natural beauty and folkloric traditions, Graz is a charming travel destination known for its blend of historical and mo
Hotel Yellowstone Opens in Jackson Hole
July 25, 2024
JACKSON, Wyo. – Hotel Yellowstone at Jackson Hole will celebrate its grand opening as the destination’s first and only adults-only hotel on Thursday, Aug. 1, 2024. Nestled atop the East Gros Ventre Butte, Hotel Yellowstone touts Jackson Hole’s sole unobstructed views of the majestic Teton Mountain Range and expansive Snake River Valley. Opening its doors to guests seeking unparalleled tranquility, complemented by opulent amenities and accommodations, the much-anticipated hotel features 36 sumptuous suites, privately housed in clusters across the property’s four acres. Guests of Hotel Yellowstone can also look forward to a heated in
Bally’s Enters Into Merger Agreement With Affiliates of Standard General L.P.
Bally’s Corporation | July 25, 2024
Bally’s Stockholders to Receive $18.25 per Share in Cash, Representing a 71% Premium to the Company’s 30-day Volume Weighted Average Price Prior to the Initial Standard General Proposal Bally’s Special Committee Unanimously Recommended and Board of Directors Approved the Transactions and the Per Share Cash Merger Consideration In Lieu of Receiving the Per Share Cash Merger Consideration, Bally’s Stockholders Can Elect to Remain Invested in the Company via Rollover ElectionBally’s to be Combined with The Queen Casino & Entertainment PROVIDENCE, R.I.-- Bally’s Corporation (“Bally’s” or the “Company”) (NYSE: BALY) an
Accor – First Half 2024: Solid Performances in Line With Growth Targets
Accor | July 25, 2024
REVPAR up 6% in the first half compared to H1 2023 - Net unit growth accelerated to 4.1% over the last 12 months Revenue up 11% to €2,677M EBITDA up 13% to €504M Earnings per share up 11% to €0.90 Once again in this first half-year, Accor posted solid performances, in line with the medium-term outlook we presented to our investors last year. This demonstrates the strength of our model, the operational and financial discipline of our teams, and the strong momentum of the Group and its brands. Activity in the second quarter remained strong in all regions and for all our brands, our pace of development accelerated and our le
U.S. Hotel Results for Week Ending 20 July
CoStar Group | July 25, 2024
WASHINGTON – 25 July 2024 – The U.S. hotel industry reported higher performance results than the previous week and positive comparisons year over year, according to CoStar’s latest data through 20 July. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 14-20 July 2024 (percentage change from comparable week in 2023): Occupancy: 73.5% (+1.0%) Average daily rate (ADR): US$165.91 (+2.4%) Revenue per available room (RevPAR): US$122.02 (+3.4%) The U.S. RevPAR level was the highest for any week on record. Among the Top 25 Markets, Houston saw the high
Hospitality CEOs on the Industry Today: Transformation, Value, Optimism
Jeanelle Johnson | July 25, 2024
By Jeanelle Johnson The annual NYU International Hospitality Industry Investment Conference, now in its 46th year, offers a deep dive into the current and future state of the hospitality industry. This year, I had the privilege of leading a CEO panel discussion on "Innovative hospitality concepts, new spaces for expansion." I describe innovation in hospitality as the transformation of how the industry creates, delivers and captures value. Drawing from PwC’s 27th Annual Global CEO Survey, I highlighted a few key statistics to kickstart our conversation: 52% of CEOs say their top goal over the next three years is to identify new sour
Wyndham Hotels & Resorts Reports Strong Second Quarter Results
Wyndham Hotels & Resorts | July 25, 2024
Company Raises Full-Year 2024 EPS Outlook - Company Grows Development Pipeline by 7% and System Size by 4% PARSIPPANY, N.J (July 25, 2024) – Wyndham Hotels & Resorts (NYSE: WH) today announced results for the three months ended June 30, 2024. Highlights include: Global RevPAR grew 2% in constant currency. System-wide rooms grew 4% year-over-year. Opened over 18,000 rooms globally, including over 7,000 in the S., which represented a year- over-year increase of 16%, and the first ECHO Suites Extended Stay by Wyndham. Awarded 180 development contracts globally, including 96 contracts in the S., which represented an increase of