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YY Group's Thailand Subsidiary Adds JW Marriott to Growing Hotel Client Portfolio
Prnewswire· 2025-11-25 13:30
Accessibility StatementSkip Navigation Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East. New Partnership Advances Regional Expansion Strategy and Strengthens YY Group's Presence in Thailand's Premium Hospitality Segment SINGAPORE, Nov. 25, ...
Vail Resorts Appoints Celeste Burgoyne as Chief Revenue Officer
Prnewswire· 2025-11-21 13:30
Accessibility StatementSkip Navigation Vail Resorts Appoints Celeste Burgoyne as Chief Revenue Officer "We are thrilled to welcome Celeste, a proven business leader with a long track record of driving growth and long-term guest loyalty at lululemon," said Vail Resorts Chairperson & Chief Executive Officer Rob Katz. "Celeste's deep appreciation for the connection between brand, guest experience, and revenue will be critical as we continue to reimagine how we connect with our guests, reignite our resort brand ...
ASHFORD HOSPITALITY TRUST ANNOUNCES AGREEMENTS TO SELL THREE ASSETS
Prnewswire· 2025-11-20 21:45
When adjusted for the Company's anticipated capital expenditures of $14.5 million, the sale price represents a 2.2% capitalization rate on net operating income or a multiple of 29.9 times Hotel EBITDA for the twelve months ended September 30, 2025. Excluding the anticipated capital spend, the combined sale price represents a 3.3% capitalization rate on net operating income or a multiple of 19.5 times Hotel EBITDA for the twelve months ended September 30, 2025. Ashford Hospitality Trust is a real estate i ...
DIAMONDROCK HOSPITALITY ANNOUNCES REDEMPTION OF 8.250% SERIES A CUMULATIVE REDEEMABLE PREFERRED STOCK
Prnewswire· 2025-11-20 11:30
Core Viewpoint - DiamondRock Hospitality Company announced the redemption of all outstanding shares of its 8.250% Series A Cumulative Redeemable Preferred Stock on December 31, 2025, utilizing approximately $121.5 million in cash to fund the redemption price and accrued dividends [1][2]. Group 1: Redemption Details - The Company will redeem 4,760,000 shares at a price of $25.00 per share, plus accrued and unpaid dividends [1]. - The quarterly dividend of $0.515625 per share on the Series A Preferred Stock is declared and payable on December 31, 2025, to shareholders of record as of December 19, 2025 [2]. - After the redemption date, the Series A Preferred Stock will no longer be outstanding, and dividends will cease to accrue [3]. Group 2: Company Overview - DiamondRock Hospitality Company is a self-advised real estate investment trust (REIT) that owns a portfolio of 36 premium quality hotels and resorts, totaling approximately 9,600 rooms [4]. - The Company's portfolio is strategically positioned in leisure destinations and top gateway markets, operating under leading global brand families and independent boutique hotels [4].
Vail Resorts Announces Fiscal 2026 First Quarter Earnings Release Date
Prnewswire· 2025-11-19 13:00
Accessibility StatementSkip Navigation BROOMFIELD, Colo., Nov. 19, 2025 /PRNewswire/ -- Vail Resorts, Inc. (NYSE: MTN) announced today it will release the Company's financial results for its fiscal first quarter 2026 ended October 31, 2025 after market close on Wednesday, December 10, 2025. The Company will host a conference call at 5:00 p.m. Eastern Time that same day during which Company executives will review the financial results. The call will be broadcast at investors.vailresorts.com. Those wishing to ...
The Ritz-Carlton and Late Checkout Unveil Chapter Two of Their Award-Winning Collaboration
Prnewswire· 2025-11-18 15:00
Core Insights - The Ritz-Carlton has launched its second collaboration with Madrid-based fashion label Late Checkout, expanding its luxury lifestyle offerings with a new collection that includes accessories, loungewear, and children's pieces [2][3] - The collection reflects a blend of The Ritz-Carlton's heritage and Late Checkout's playful spirit, featuring a color palette of navy, ivory, and light blue [2][4] - The campaign for this collection is set against the backdrop of The Ritz-Carlton, Nikko, and features actor Josh Hutcherson, emphasizing a cinematic narrative that intertwines luxury and irreverence [5][6] Product Offerings - The new collection includes featherlight knits, velvet Sukajan jackets, shawl-collar dressing gowns, and floor-grazing pajama sets, along with kids wear such as rugby polos and caps [4] - Home essentials like throws and umbrellas are also part of the collection, designed with a vintage travel-inspired globe motif [4] - The collection aims to provide an aspirational yet lived-in style, showcasing thoughtful craftsmanship with a sense of play [4] Marketing and Launch Strategy - The global launch of "Late Checkout: A Ritz-Carlton Story - Chapter II" is scheduled for November 18, 2025, starting with a retail pop-up in New York [8] - Subsequent launch events will occur in Dubai and Geneva, with an immersive "Very Late Checkout" suite stay experience planned from December 12, 2025, to March 1, 2026 [9] - The marketing campaign includes a film directed by Rogelio González, highlighting the serene and cinematic qualities of The Ritz-Carlton, Nikko [5][6] Brand Collaboration - The collaboration with Late Checkout is described as a natural evolution for The Ritz-Carlton, aiming to resonate with travelers across various lifestyles [3][5] - Creative Director Alex Turrión emphasizes the expanded narrative and personal touch of the collection, showcasing how it connects with different aspects of travel and home life [5] - The partnership aims to maintain the spirit of the original collaboration while exploring new dimensions of luxury and lifestyle [5][6]
Epic Passes Go Off Sale December 4; Lock in Your Magical Mountain Holiday Now
Prnewswire· 2025-11-17 16:30
Accessibility StatementSkip Navigation Now is the last chance to buy an Epic Pass for the 2025/26 winter season for access to world-class resorts including Whistler Blackcomb, Park City Mountain, Vail Mountain and Breckenridge IMAGES are available for media use here. BROOMFIELD, Colo., Nov. 17, 2025 /PRNewswire/ --Â The most wonderful time of year is even better at world-class mountains like Whistler Blackcomb, Park City Mountain, Vail Mountain, Breckenridge and more. To experience it all, guests must act f ...
SUNSTONE HOTEL INVESTORS ANNOUNCES EXPANSION OF BOARD OF DIRECTORS
Prnewswire· 2025-11-17 12:30
"We are pleased to welcome Mike to Sunstone's Board," commented Douglas M. Pasquale, Chairman of the Board. "Mike's extensive lodging industry expertise provides additional depth and experience to our Board and will enhance the Company's commitment to maximize shareholder value." Bryan A. Giglia, Chief Executive Officer, added, "I look forward to working with Mike and benefitting from his unique perspective and success in the sector." Accessibility StatementSkip Navigation ALISO VIEJO, Calif., Nov. 17, 202 ...
H World Group Reports Solid Q3 2025 Results with Enhanced Profitability and Continued Network Expansion
Prnewswire· 2025-11-17 12:00
Core Insights - H World Group Limited reported strong third-quarter results for 2025, driven by its asset-light expansion strategy, loyalty ecosystem, and digital capabilities [1][3] Financial Performance - Hotel GMV reached RMB 30.6 billion, an increase of 17.5% year-on-year, while total revenue grew 8.1% year-on-year to RMB 7.0 billion [1] - Revenue from manachised and franchised hotels rose 27.2% to RMB 3.3 billion, highlighting the effectiveness of the asset-light model [1] - Adjusted EBITDA increased to RMB 2.5 billion, up from RMB 2.1 billion in the same period last year, reflecting improved operating efficiency and healthier margins [2] Strategic Initiatives - The company opened over 2,000 hotels year-to-date and is on track to achieve its target of 2,300 gross openings in 2025 [3] - H Rewards, the loyalty program, surpassed 300 million members, making it one of the largest hotel loyalty ecosystems globally [3][4] - Members booked 66 million room nights in Q3, a 19.7% increase year-on-year, indicating rising engagement with the brand [4] Operational Expansion - As of September 30, 2025, H World operated 12,702 hotels with 1,246,240 rooms globally, having opened 749 hotels in Q3 and expanded into 89 additional Chinese cities year-on-year [5] - The company remains optimistic about long-term growth prospects in China and abroad, supported by strong franchise demand and a scalable digital infrastructure [5]
Peregrine Hospitality names new chief financial officer
Yahoo Finance· 2025-11-14 09:36
This story was originally published on Hotel Dive. To receive daily news and insights, subscribe to our free daily Hotel Dive newsletter. Peregrine Hospitality has appointed Stacy Galligan as chief financial officer, according to a release shared with Hotel Dive. Galligan will be tasked with overseeing the company’s financial, accounting and capital planning. She succeeds Tom Barber, who will stay on to support a seamless transition and provide ongoing strategic advisory services, per the release. “Stac ...