Stonebridge Companies’ Post

🌟 Exciting Announcement! 🌟 We are thrilled to share the news of an impactful strategic partnership between Scarlett Hotel Group and Everwood Hospitality Partners! Our combined resources and deep knowledge of the hospitality investment and management industry have paved the way for an incredible collaboration that is set to make waves in the market. In this strategic move, hotel management is merging under the Scarlett brand, while our principals are joining the Everwood team as principals of the investment practice. Everwood is rebranding to Everwood Capital Partners, reinforcing our commitment to investment, asset management, development, and capital deployment. With a total of 17 hotels and 2,534 rooms across the U.S., as well as several additional properties in the pipeline, our expanded portfolio, featuring prestigious franchise names including Marriott, Hilton, Choice Hotels, and IHG Hotels & Resorts, positions us to offer an even broader range of exceptional accommodations. This partnership sets the stage for continued growth and influence in the industry, and we are excited about the opportunities it presents for our teams and clients. #ScarlettHotelGroup #EverwoodHospitalityGroup #EverwoodCaptialPartners #realestate #realestatebusiness #realestatedevelopment #hotels #growth #growthopportunities #hospitalityindustry #partnership Rob Zio Amit Amit Sanjay Andrew https://lnkd.in/dXTrwP9C

As the hospitality sector moves closer to full recovery, consolidation ticked up with large scale acquisitions that completed or are set to close in 2024. Here is a highlight of some of the mergers and acquisitions > Raines bought HP Hotels, a full-service, third-party management company, in March for an undisclosed price > Aimbridge Hospitality, the world’s largest third-party hotel operator, announced it acquired the management portfolio of Houston-based Terrapin Hospitality > Banyan Investment Group spun off its hotel management platform, Banyan Tree Management, and rebranded itself as Satori Collective > KSL Capital Partners agreed to buy hotel real estate investment trust Hersha Hospitality Trust in an all-cash deal that valued the company at $1.4 billion, taking the publicly traded company private. Notable announcements for 2024 > Mohari Hospitality announced in April plans to buy Tao Group Hospitality from Madison Garden Entertainment Corp. and other partners > First Hospitality agreed to buy Hostmark Hospitality Group in September, a deal that would add 17 hotels  > Choice Hotels International confirmed in October its intent to buy Wyndham Hotels & Resorts in a deal valued at $9.8 billion The hotel industry continues to make strides as occupancy, RevPAR and ADR continue to increase and, in some cases, exceed pre-pandemic levels. We will continue to see new opportunities come available as the sector is expected to consolidate further. We have private hotel opportunities available if you are looking to acquire in 2024. Email or message us directly. #banking #finance #innovation #realestate #commercialrealestate #hotels

HotelDive just reported that Hyatt Hotels Corp. was in “advanced” talks to acquire boutique hotel company Standard International, which operates luxury properties across the world, Bloomberg reported Wednesday. Here is my take on the potential acquisition: Hyatt has two major challenges, both of which have increased their appetite for acquisitions: a) Global footprint - Hyatt is the smallest of the major hotel chains with a mere 1,350 properties. Compare this to Marriott with nearly 9,000 and Hilton with almost 8,000. Hyatt needs to expand its footprint globally to be able to compete with the other major chains in many key destinations and to take advantage of the post-COVID trend for branditization of the global hospitality industry. This cannot be done organically since it will take much, much longer. b) Loyalty Program: Hyatt needs to boost the membership of its loyalty program, which has a paltry 42 million members. Compare this to 205 million for Marriott Bonvoy or 185 million for Hilton Honors. By offering greater global footprint in desirable destinations, Hyatt can quickly ramp up its loyalty program membership. Why is this important? A loyalty program is not just a “point-dispensing machine”, but a database of first-party membership data, which is priceless in this era of search engines and browsers (Google’s Chrome, Apple’s Safari and Firefox) discontinuing their support of third-party cookies and government privacy protection regulations. Loyalty member preferences, lifetime value (LTV), past purchasing and browsing behavior are now being actively used by the OTAs to engage, convert and retain loyalty members and to improve brand marketing, CRM, personalization, customer service, upsells and in-destination experiences.

"Not only did we double the RevPAR growth of the industry, we essentially doubled the flow-through of the increased revenue to the GOP line, so again, there was a direct correlation to those results to the growth of the company." -- President and CEO Robert Cole in his interview with Bryan Wroten of Hotel News Now. Watch the full interview here.

We have embarked on a transformative journey of growth and innovation, establishing new benchmarks in the hospitality industry. With the inception of our independent division, the establishment of operational headquarters, and strategic team expansions, we are poised for sustained success in delivering unparalleled guest experiences and value to our owners. Explore our recent feature in LODGING Magazine's article, 'Leaning In' with Dennis Nessler and our President and COO Ben Perelmuter to delve deeper into our story.   "With its acquisition of Marshall Hotels & Resorts just over two years ago, TPG Hotels & Resorts entered a new era. A host of subsequent moves and ongoing initiatives demonstrate that the longtime owner/operator is clearly 'leaning in' to the changes that are designed to take it to the next level. A recently launched division for independent and lifestyle hotels, a new operational hub in Dallas, and several key personnel additions are among the highlights for TPG since the Marshall merger and acquisition in early 2022. That deal brought some 70 third-party management properties to the company’s portfolio, which now stands at roughly 130 hotels." Read More: https://lnkd.in/eN_pY85q

🏨 Host Hotels & Resorts Exciting Acquisition in Nashville's Hospitality Scene! 🎉 🌟 Bloomberg reports that Host Hotels & Resorts Inc. acquired the renowned 1 Hotel Nashville and the neighboring Embassy Suites in a landmark transaction valued at over $500 million. 🤝 The acquisition was made from a consortium of esteemed owners, including Starwood Capital Group, Crescent Real Estate, and High Street Real Estate Partners, highlighting collaborative excellence in Nashville's dynamic real estate market. 🏙️ Situated in downtown Nashville, facing the iconic Music City Center, the 1 Hotel Nashville boasts 215 rooms and commenced operations in July 2022, offering guests a luxurious and unforgettable experience. 📈 This strategic move underscores Host Hotels' commitment to expanding its portfolio in high-growth markets, further solidifying its position as a leading player in the hospitality industry. 💼 Representatives for Starwood declined to comment on the transaction, while Host Hotels refrained from immediate response. Requests for comment from Crescent and High Street representatives remain unanswered at the moment. 🌟 Nashville's burgeoning real estate market continues to attract significant investment, with notable transactions including Bill Gates' Cascade Investment reportedly acquiring the Dream Hotel and Xenia Hotels & Resort Inc. purchasing the W Nashville. 🏨 In line with its growth strategy, Host Hotels previously agreed to acquire the Four Seasons in Jackson Hole, Wyoming, further enhancing its presence in upscale leisure destinations. https://lnkd.in/gdhkuDU2

2024 is looking like a bright and promising year for hotel investors. 2023 was the year that things began to ramp up, and we can look forward to seeing even more development moving into this new year. At Phoenix American Hospitality, we're accustomed to working with the ebbs and flows of the market to ensure success. We can generate a 12% annualized return distributed monthly for our investors, even before accounting for growth. We want to sell our total portfolio of hotels in 2-3 years, with profits coming from the appreciation of the asset value. This will partly be due to improvements we make as owner-operators. We're aiming for an IRR(Internal Rate of Return) of over 20% annualized. Invest with us today to join in on a fruitful year ahead. #PhoenixAmericanHospitality #HotelInvestments #HotelOperations #HotelManagement

The Hyatt Studios brand is seeing strong momentum with approximately 200 deals in various stages of negotiation, including executed deals for more than 2,000 pipeline rooms. To learn more about what differentiates the Hyatt Studios brand, listen in as Daniel Hansen, Global Head of Hyatt Studios, provides his perspective on the current industry landscape in his interview with Hotel News Now. #hoteldevelopment #hotelnewsnow #hospitalitytrends 

More great news to share

🔮 Prediction and Commentary on the News 🔮 Wow, the world of hotels and lodging is about to undergo a significant transformation. Industry giants Choice Hotels and Wyndham may potentially merge, consolidating their power and resources to create a single entity that will oversee a staggering 16,500 hotels and 46 well-known brands. This development certainly makes one stop and think about the implications it may have on the hospitality industry as a whole. Here are my thoughts: 1. Market domination - With the merger, a single entity would control a substantial portion of the branded hotels market in the United States. This level of consolidation could potentially create a monopoly-like situation, with these two companies holding unprecedented power and influence over the hotel industry. 2. Limited choices for consumers - The reduced number of players in the market could affect competition and, consequently, consumer options. With fewer significant competitors, consumer choice may be limited, potentially leading to higher prices and a decrease in quality standardization. 3. Impact on smaller hotel chains - The consolidation of power in the hands of a few can pose a challenge for smaller hotel chains and independent hotels. They may face even more significant difficulties in competing against the newly merged entity's extensive resources and economies of scale. 4. Opportunities for innovation - On the flip side, the merger could pave the way for innovation in the hotel industry. By combining their strengths and expertise, Choice Hotels and Wyndham may be able to leverage their vast resources to introduce new technologies, improve customer experiences, and drive industry advancements. It will be interesting to see how this potential merger pans out and what effect it will ultimately have on the hotel landscape. One thing is for sure, stakeholders in the hospitality industry are closely watching this development, and we can expect some significant shifts ahead. To read more about this news and other fascinating topics, make sure to visit my LinkedIn profile for regular updates and insightful articles. Let's stay informed and keep our fingers on the pulse of the ever-evolving business world! #HospitalityIndustry #HotelMerger #MoversAndShakers #IndustryInsights