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X @Forbes
Forbes· 2025-07-03 06:20
The best hotels in Vienna are reflective of the city's cultural variety, showcasing its charms in their décor, architecture and cuisine. Here's where to stay in 2025 via @ForbesVetted https://t.co/tt6N0pghdg https://t.co/tt6N0pghdg ...
Sotherly Hotels Inc. Announces Notice of Default on Mortgage Loan Secured by the Georgian Terrace Hotel in Atlanta
Globenewswire· 2025-07-02 20:00
WILLIAMSBURG, Va., July 02, 2025 (GLOBE NEWSWIRE) -- Sotherly Hotels Inc. (NASDAQ: SOHO) (the “Company”) today announced the Company received a Notice of Default (the “Notice”) from the special servicer for its mortgage loan secured by the Georgian Terrace in Atlanta. The Notice states that the Company’s subsidiary, SOHO Atlanta LLC, is in default under the note and the loan documents by virtue of, among other things, its failure to pay all amounts when due thereunder, and that the current lender, Wilmingto ...
Hotel101 CEO talks growth and investor returns #shorts #hotel101 #hotels #investing #realestate
Bloomberg Television· 2025-07-02 19:13
We are the world's first one room hotel uh global hotel brand that is catering specifically to the value segment. Uh we build one type of room across the world and always on average about 500 rooms which is five times typically larger than your uh budget hotel which gives us that incredible operational efficiency that allows us to deliver that kind of value. But what's really interesting about the business model is because it's asset light.We individually title each of the hotel units. So imagine one hotel ...
TrumanAnnouncesNew Signed Agreements with Marriott International to Bring Three Iconic Brands to Calgary
Prnewswire· 2025-07-02 15:00
Core Insights - Marriott International, in partnership with Truman and Louson, is set to open three luxury hotels in Calgary, including W Calgary, JW Marriott Calgary, and an Autograph Collection Hotel, marking a significant development in the city's hospitality sector [1][2][4] Company Developments - The hotels are part of a mixed-use development in Calgary's Culture + Entertainment District, with W Calgary and JW Marriott Calgary expected to open in 2028 and 2029, respectively, and the Autograph Collection Hotel in 2030 [2][4] - W Calgary will feature a 69-story tower with 157 guest rooms, including 27 suites, and 239 branded residences, along with amenities such as a 7,500 sq. ft AWAY Spa and a rooftop bar [4] - JW Marriott Calgary will consist of a 62-story building with 248 guest rooms and 120 branded residences, offering 32,500 sq. ft of meeting space and various luxury amenities [5] Economic Impact - The development is projected to create over 9,100 jobs during construction and more than 2,000 ongoing positions in operations and tourism sectors [8] - It is expected to contribute over $120 million in GDP from hotel operations and an additional $111 million from visitor spending annually, generating nearly $76 million in government revenues [9] Strategic Importance - The hotels are anticipated to enhance Calgary's competitive advantage as a host city for meetings and conventions, supporting key venues like the BMO Centre [8] - The project aligns with the Calgary Municipal Land Corporation's vision for the Culture + Entertainment District, which has seen over $2 billion in infrastructure and cultural developments [8]
Hyatt Hotels (H) Surges 4.1%: Is This an Indication of Further Gains?
ZACKS· 2025-07-02 12:30
Group 1 - Hyatt Hotels shares increased by 4.1% to $145.39 in the last trading session, with a notable trading volume, contributing to a 7% gain over the past four weeks [1] - The recent stock rally is attributed to investor optimism regarding Hyatt's asset-light strategy and luxury-led portfolio growth, including the introduction of the Hyatt Select brand and upper midscale expansion [2] - Progress on $2 billion in asset sales, including the Playa deal, enhances capital flexibility and boosts confidence in sustained performance [2] Group 2 - The upcoming quarterly earnings report is expected to show earnings of $0.62 per share, reflecting a year-over-year decline of 59.5%, while revenues are projected to be $1.74 billion, a 1.9% increase from the previous year [3] - The consensus EPS estimate for Hyatt has been revised 2.1% higher in the last 30 days, indicating a positive trend that typically correlates with price appreciation [4] - Hyatt Hotels currently holds a Zacks Rank of 3 (Hold), while another industry stock, Civeo, has a Zacks Rank of 2 (Buy) [5][6]
X @The Wall Street Journal
Hotel owners are in open revolt against Los Angeles’s new $30-an-hour minimum wage, the latest blow to one of the country’s poorest-performing lodging markets https://t.co/POvh8bn5sD ...
X @Decrypt
Decrypt· 2025-07-01 23:25
Hotels Are Staffing Robots—and Guests Are Freaking Out► https://t.co/ArCQxFh0Te https://t.co/ArCQxFh0Te ...
X @Forbes
Forbes· 2025-07-01 22:00
The 10 Best Hotels In Dublin https://t.co/dDjVXrDf4J via @ForbesVetted ...
X @Forbes
Forbes· 2025-07-01 13:20
Ayala Land Buys Philippine Hotel From Cash-Strapped New World https://t.co/zQv1qTEpF6 https://t.co/zQv1qTEpF6 ...
Trump floats 'temporary pass' for immigrants in farm and hotel industries
NBC News· 2025-07-01 02:30
Meanwhile, another possible shift in Trump's immigration crackdown. This time, he is suggesting what he calls a temporary pass. It could protect farm workers and hotel workers from deportation.Here's what he told Fox News about the whole thing yesterday. When we go into a farm and we take away people that have been working there for 15 and 20 years, who who were good, who possibly came in incorrectly, and what we're going to do is we're going to do something for farmers where we can let the farmer sort of b ...