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106-year-old hotel chain faces multiple closures nationwide
Yahoo Finance· 2026-01-15 00:37
For many families, vacations are among the most anticipated moments of the year. And drawn by loyalty rewards programs and familiarity, many travelers remain devoted to the same hotel chains for decades. However, various global economic disruptions and mounting challenges across the hospitality industry have begun to strain even the most established brands. In recent months, one well-known hotel chain has faced a growing wave of closures. The U.S. hotel market was valued at $263.21 billion in 2024 and i ...