Core Points - Atour Lifestyle Holdings Limited has declared a cash dividend of US$0.12 per ordinary share, totaling approximately US$50 million for the second dividend payment in 2025 [2][3] - The total aggregate amount of dividends for 2025 will be approximately US$108 million, including a previous payment of about US$58 million in May 2025 [2] - The company has adopted a three-year Annual Dividend Policy, committing to distribute no less than 50% of its net income from the preceding financial year [4] Financial Overview - As of September 30, 2025, Atour had approximately RMB2.7 billion (US$375 million) in cash, cash equivalents, and restricted cash [5] - The second cash dividend will be payable on or around December 22, 2025, to shareholders of record as of December 5, 2025 [3] Company Profile - Atour Lifestyle Holdings Limited is a leading hospitality and lifestyle company in China, recognized as the upper midscale hotel chain and the first Chinese hotel chain to develop scenario-based retail business [6]

Core Viewpoint - Atour Lifestyle Holdings Limited reported strong financial results for the third quarter of 2025, with significant growth in hotel operations and retail business, despite a volatile market environment [6][7]. Financial Performance - Net revenues for Q3 2025 increased by 38.4% year-over-year to RMB2,628 million (US$369 million) [7][9]. - Net income for Q3 2025 rose by 24.6% year-over-year to RMB474 million (US$67 million) [13][14]. - Adjusted net income (non-GAAP) for Q3 2025 increased by 27.0% year-over-year to RMB488 million (US$69 million) [14][15]. - EBITDA (non-GAAP) for Q3 2025 grew by 27.0% year-over-year to RMB672 million (US$94 million) [15][16]. - Adjusted EBITDA (non-GAAP) for Q3 2025 increased by 28.7% year-over-year to RMB685 million (US$96 million) [15][16]. Operational Highlights - As of September 30, 2025, Atour operated 1,948 hotels with a total of 219,359 hotel rooms, reflecting year-over-year increases of 27.1% and 25.2%, respectively [2][7]. - The average daily room rate (ADR) for Q3 2025 was RMB447, slightly down from RMB456 in Q3 2024 [3]. - The occupancy rate for Q3 2025 was 80.2%, compared to 80.3% in Q3 2024 [3]. - Revenue per available room (RevPAR) was RMB371 for Q3 2025, down from RMB380 in Q3 2024 [3]. Retail Business Performance - Gross merchandise value (GMV) from the retail business reached RMB994 million in Q3 2025, marking a 75.5% increase year-over-year [5][6]. - Revenues from retail for Q3 2025 increased by 76.4% to RMB846 million (US$119 million) compared to RMB480 million in Q3 2024 [11]. Future Outlook - For the full year of 2025, the company expects total net revenues to increase by 35% compared to the full year of 2024 [19].

This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Dive Brief: CitizenM, the company that founded, owns and operates its namesake lifestyle hotel brand, has rebranded to Another Star, according to a Monday news release. The name change comes several months after Marriott International acquired the citizenM hotel brand for $355 million. Another Star will continue to own and operate the global citizenM hotels portfoli ...

Core Insights - A consortium led by KKR & Co. has sold its stake in a Hyatt Regency luxury hotel located in Tokyo for over $800 million [1] Company Summary - The sale involved a Hyatt Regency hotel, indicating a significant transaction in the luxury hospitality sector [1] - The buyer remains unidentified, which may suggest a strategic acquisition or investment opportunity in the luxury hotel market [1] Industry Summary - The transaction reflects ongoing investment activity in the luxury hotel segment, highlighting the appeal of high-value properties in major cities like Tokyo [1] - The sale price of over $800 million underscores the strong market demand for premium hospitality assets [1]

Group 1 - Marriott International's stock reached an all-time high in early February and has been consolidating before rising again towards a new high [1] - The Relative Strength (RS) Rating for Marriott stock increased from 64 to 74, indicating improved performance and climbing into a higher percentile [1] - The company is highlighted as showing improved relative strength and has earned an RS Rating of 83, reflecting its rising market leadership [4] Group 2 - Other hotel stocks, such as Hyatt, experienced a decline due to an earnings miss, while Wyndham posted mixed results, indicating varied performance within the sector [4] - The overall market, including indices like Nasdaq and S&P 500, ended near session highs, suggesting a positive market environment for stocks like Marriott [4]

Nov 24, 2025 12:00 PM Eastern Standard Time AEG and Marriott Bonvoy Renew Global Partnership, Expanding More Than Decade-long Alliance Across Music, Sports, Live-Entertainment and Ticketing The renewed partnership underscores how both companies have evolved to understand what fans truly value when attending live events. From booking travel to experiencing shows to post-event memories, every aspect of the collaboration focuses on removing friction while adding genuine value that enhances rather than complica ...

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Core Viewpoint - Park Hotels & Resorts Inc. announced the completion of the sale of two major properties in San Francisco, securing a significant non-recourse loan in the process [1] Group 1: Company Actions - The court-appointed receiver completed the sale of the 1,921-room Hilton San Francisco Union Square and the 1,024-room Parc 55 San Francisco, collectively referred to as the Hilton San Francisco Hotels [1] - The sale secured a $725 million non-recourse CMBS Loan, known as the SF Mortgage Loan [1] Group 2: Financial Implications - The transaction reflects a strategic move by the company to manage its asset portfolio and financial obligations effectively [1]

Core Insights - Ashford Hospitality Trust has entered into binding agreements to divest three hotels, generating estimated gross proceeds of approximately $69.5 million, which will enhance annual cash flow by over $2 million and save $14.5 million in future capital expenditures [1][5][6] Group 1: Hotel Divestitures - The sale of the 226-room Le Pavillon hotel in New Orleans is valued at $42.5 million, approximately $188,000 per room, with a closing date scheduled for next month [2] - The combined sale of the two Embassy Suites by Hilton hotels in Austin and Houston, totaling 300 rooms, is priced at $27 million, equating to $90,000 per room, with completion expected in January 2026 [3] - Adjusting for anticipated capital expenditures, the combined sale reflects a 2.2% capitalization rate on net operating income (NOI) or a multiple of 29.9 times hotel EBITDA for the 12 months ending September 30, 2025 [4] Group 2: Strategic Financial Management - The majority of the proceeds from these sales will be used to retire mortgage debt, improving cash flow after debt service and eliminating significant future capital expenditure obligations [6] - The company emphasizes that strategic asset sales are crucial for deleveraging and enhancing cash flow and liquidity, reflecting the value within its portfolio [5]

Core Viewpoint - PPHE Hotel Group is initiating a formal sale process as part of a strategic review aimed at enhancing shareholder value, with Rothschild & Co appointed as the financial adviser [1][2]. Group 1: Strategic Review and Sale Process - The strategic review will explore options such as bringing growth capital into the company and considering the potential sale of all or part of its issued share capital [1]. - Major shareholders Eli Papouchado and Boris Ivesha, holding approximately 44% of voting rights, support the initiative [2]. Group 2: Company Overview - PPHE operates as an international hospitality real estate company with a £2.2 billion portfolio, primarily consisting of prime freehold and long leasehold assets across Europe [2]. - The company manages its assets through subsidiaries, joint ventures, and associates, focusing on ownership, co-ownership, development, and leasing of hospitality properties [3]. Group 3: Brand and Operations - PPHE fully owns and operates under the art'otel brand and manages Arena Hotels & Apartments and Arena Campsites through its Croatian subsidiary [4]. - The group holds an exclusive license from Radisson Hotel Group to develop and operate Park Plaza branded properties in Europe, the Middle East, and Africa [3]. Group 4: Recent Developments - PPHE has implemented the Oracle OPERA Cloud platform across 18 hotels in Europe, covering 5,200 rooms in the Netherlands, the UK, and Italy, to streamline business processes [5]. - A partnership with Radisson Hotel Group was formed to introduce the first Radisson RED hotel in central London, located near the financial district [5].