INDUSTRY NEWS

Lodgingmagazine.com

By: LODGING Staff

A couple of months after launching its new lower-midscale extended-stay brand concept, Marriott International has revealed that it will be known as StudioRes.

Lodgingmagazine.com

By: LODGING Staff

WASHINGTON, D.C.—The AHLA Foundation announced that Foundation-funded human trafficking awareness trainings have been completed more than one million times by hotel employees across the industry. Developed by Marriott International and administered by PACT (previously known as ECPAT-USA), the trainings are part of an industry-wide initiative to help hotel employees recognize and report signs of potential on-property human trafficking. The hospitality industry is positioned to disrupt human trafficking, and employee trainings play a critical role in prevention efforts.

Lodgingmagazine.com

By: LODGING Staff

WASHINGTON—The American Hotel & Lodging Association, in partnership with the Hawaii Hotel Alliance, is working with the State of Hawaii to support relief efforts in West Maui following devastating wildfires fueled by Hurricane Dora.

Costar.com

Hotel News Now

By: Dana Miller

Modern and welcoming lobbies, attentive staff and value for price are key factors in how guests rate a hotel stay.

Costar.com

Hotel News Now

By: Bryan Wroten

LAS VEGAS — As hotel brand companies look to grow their global footprints, their chief executives are looking for franchise partners and operators in international markets.

Costar.com

Hotel News Now

By: Dana Miller

ATLANTA — Hotel owners, investors and developers who are active in the capital markets now are being tasked with finding a balance with hotel valuations.

Hotelsmag.com

By: David Eisen

Owners of hotel assets might be headed for a reckoning. Operating performance continues to be outwardly healthy, but for how much longer? And, as loan maturities and property improvements begin to stack up, owners are left having to decide what to do: sell or hold? The latter could be costly and as the pain mounts, some prospective buyers are in the market eyeing discounted real estate that could be repurposed into other asset classes, including residential.

Lodgingmagazine.com

By: Lodging Staff

BETHESDA, Maryland—Marriott International, Inc. and MGM Resorts International announced an exclusive long-term strategic licensing agreement and the creation of MGM Collection with Marriott Bonvoy, which will launch in October 2023, and encompass 17 of MGM’s unrivaled resorts, representing more than 40,000 rooms in Las Vegas and other cities across the United States.

Latimes.com

By: HELEN LI

Tensions rose Tuesday between the Southern California hotel operators and their striking workers during the first bargaining session since intermittent walkouts began July 1. Hotel representatives accused the union of failing to bargain in good faith, and Unite Here Local 11 vowed more strikes at hotels across Los Angeles and Orange counties.

Crainsbusiness.com

By: Danny Ecker

Chicago hotels have been making a comeback with the COVID-19 pandemic behind them, but it's still not enough for some to keep up on their mortgage payments.