Hyatt Reports Second-Quarter 2019 Results

CHICAGO (July 31, 2019) – Hyatt Hotels Corporation (“Hyatt” or the “Company”) (NYSE: H) today reported second-quarter 2019 financial results. Net income attributable to Hyatt was $86 million, or…

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IHG Invests in Scotland As They Bring InterContinental Hotels & Resorts Back to Edinburgh

The hotel was previously sold but the integration of the Principal portfolio provided the opportunity to bring it back in to the IHG brand family. But after significant renovations, InterContinental Edinburgh – The George has re-entered the system, enabling IHG to expand their flagship luxury brand in their home market.
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Hyatt Announces Plans for Bei Zhaolong Hotel in China

CHICAGO (July 31, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today that the Joie de Vivre Hotels brand will make its debut in Asia with a property housed in the vibrant Sanlitun…

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The Citizen Hotel in Sacramento, CA Sold

Cambridge Landmark, a hotel-focused private equity company, recently announced that it has closed on the acquisition of The Citizen Hotel, a renowned 196-room boutique hotel located in Sacramento, CA. The hotel has been part of the Marriott Autograph Collection since 2015, and will retain that designation under its new ownership.
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Wyndham Plans to Open 500 Hotels in China in the Next Three Years

In Greater China, Wyndham Hotels is the largest international franchisor, with more than 1,500 properties and 149,000 rooms in its franchised system. Based on current trends, Wyndham expects to open about 500 hotels in China over the next three years.
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Virgin Hotels Dallas Now Accepting Reservations

Located in the Dallas Design District on 1445 Turtle Creek Blvd, the new-build property will feature 268 Chambers, including two Penthouse Suites, multiple dining and drinking outlets, including Commons Club the brand's flagship food, beverage and social club concept space, and a rooftop terrace with a pool.
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Vacasa to Acquire Wyndham Vacation Rentals for $162 Million

Vacasa and Wyndham Destinations (NYSE:WYND) announced today that they have entered into a definitive agreement under which Vacasa will purchase Wyndham Vacation Rentals for approximately $162 million. The transaction is expected to close this fall, subject to customary closing conditions.
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