Industry News

BOSTON and NEW YORK—Bain Capital Special Situations and Smith Hill Capital, an affiliate of Procaccianti Companies, announced the formation of a joint venture to originate debt a

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended September 30, 2023. Highlights include: “We recently announced our Board of Dir

Aligned Hospitality Management has promoted Tara Lundgren to vice president of operations. Lundgren, who served as the general manager of the DoubleTree Suites by Hilton Hotel Tucs

Discussions of guest expectations in today’s hotel industry often involve aspects such as hyper-personalization, digital transactions, guestroom entertainment, wellness, and sust

MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its third quarter 2023 results. Highlights include: Christopher J. Nassetta, president and CEO of Hilton, said, “We con

CHICAGO, Illinois—Maverick Hotels and Restaurants announced that it has added another property in the state of Illinois to its growing portfolio. Maverick Founder and CEO Robert

NEWTON, Massachusettes—Sonesta International Hotels Corporation announced the appointment of Bob Gunkel as chief financial officer. “We welcome Bob Gunkel to Sonesta and look f

NEW YORK—PMZ Realty Capital LLC announced it arranged a $40 million refinancing loan for the Hilton Garden Inn Atlanta Downtown in Atlanta, Georgia. A European bank provided the

The key to keeping your business at the top of your game is knowing your customers and the larger trends shaping the industry you’re in. In the case of hospitality, that means un

IHG Hotels & Resorts announced its Q3 2023 trading update through September 30, 2023. Highlights include: Elie Maalouf, CEO, IHG Hotels & Resorts, said, “Travel demand re