Marriott Increases Its Dividend

Skift

11-05-2025

The DJIA fell 119 points on Friday, while Nasdaq was up less than a point, the S&P 500 fell 4 points and the 10-year treasury yield was basically flat at 4.38%. Lodging stocks were mixed on the day.
Marriott International announced that its Board of Directors increased its quarterly dividend by 6.3% to $0.67 per share.
Hilton announced the unveiling of Beach House Fort Lauderdale, a Hilton Resort, marking the transformation of the former Hilton Fort Lauderdale Beach Resort. Following extensive renovations, the re-imagined resort boasts 375 redesigned suites; a fully transformed entrance and lobby; two new culinary venues; Q Spa; and 3,410 redesigned meeting space. This spring, Beach House Fort Lauderdale will introduce seamless beach service for hotel guests.
A-1 Hospitality Group is breaking ground on its five-story AC Hotel by Marriott at the Three Rivers Convention Center, in Kennewick, Washington, on May 20. The now-$47 million, 162-room hotel will be built in tandem with a $71.3 million convention center expansion that began in April. A restaurant will top the hotel and the property will physically connect to the meeting center.
The new owner of the vacant Carson Tahoe Hotel, formerly the City Center Motel, plans to remake the four-story lodging property into a City Express by Marriott. According to the Appeal, Capitol City Hotel NV LLC started demolition. The renovation could take more than a year as it includes asbestos removal for the 89 rooms and the lobby, new flooring, paint inside and out and new furniture. The hotel has been inactive since February 2022.
The Grand Bohemian Lodge Asheville, Autograph Collection reopened on Thursday for the first time since Hurricane Helene hit on September 27, 2024.
Four Seasons Hotel Philadelphia at Comcast Center announced the upcoming debut of its new Sky Garden floor, set to open in December 2025. Located on the hotel's 45th level, the Sky Garden floor will feature a mix of accommodations including standard guestrooms, one- and two-bedroom suites, and a penthouse. Guests of the Sky Garden floor will have access to a selection of unique experiences and amenities, including in-suite services, access to local sports, art and entertainment events, and collaborations with leading names in fashion, wellness, and design. Furthermore, guests will enjoy personalized services, including access to the floor's spa treatment rooms, and a range of custom offerings. Reservations for the Sky Garden floor will open in late summer.
Great Wolf Resorts celebrated the grand opening of the new Great Wolf Lodge Mashantucket, adjacent to Foxwoods Resort Casino in Connecticut. The 549-room Great Wolf Lodge Mashantucket is the brand's 23rd property in North America and features an expansive 92,000 square foot indoor water park, a 61,000 square foot adventure park, and a collection of eateries and retail offerings. Funds affiliated with Blackstone Real Estate and Centerbridge Partners invested more than $300 million to make Great Wolf Lodge Mashantucket a possibility.
The new 77-room boutique hotel that is taking shape in Rancho Santa Fe, California, now has a name. Currently under construction, the new "Guesthouse, Hotel at La Valle" is set to open this summer on the La Valle Coastal Clubproperty. Since taking over ownership of the former Morgan Run Resort and Clubin 2023, Meriwether Properties has plans to invest a total of $35 million into the La Valle Coastal Club's renovations. The old hotel building was taken down to the studs for the $15 million renovation. On the golf course, 18 of the 27 holes have been completely redone. Renovations of the main clubhouse will begin this summer, including upgrades of the entry, event and restaurant spaces. Guesthouse's new website went live this week and the first reservations at the hotel are set for June 17.
In Fox Harbour, NS, Fox Harb'r Resort celebrated the official opening of its new Ocean Course, marking a significant moment for Canadian golf and Atlantic Canada's tourism economy. The new course is part of a broader multi-million dollar transformation at Fox Harb'r Resort, which includes the launch of a new Spa & Wellness Centre this spring and ongoing enhancements across the 1,400-acre property. This year marks the 25th anniversary of Fox Harb'r Resort, a landmark destination on Nova Scotia's Northumberland Shore.
Germain Hotels announced the successful completion of a new $160 million investment round, led by CDPQ with participation from the Fonds de Solidarite FTQ and Investissement Québec. This investment will enable the company to accelerate its development across Canada and consolidate its network of properties. In light of this investment, Germain Hotels has also announced the merger of Groupe Germain Inc. and Alt Canada Investment Corporation SEC into a single entity, now operating as Germain Hotels. This strategic alliance aims to simplify the organizational structure and support the next phase of the company's growth.
Europe Highlights
Marriott International, Inc. has signed an agreement with VERKEHRSBUERO HOSPITALITY to open five properties in Austria across its Tribute Portfolio, AC Hotels, and Four Points Flex by Sheraton brands. The signed projects are expected to further enhance Marriott's footprint in the country with the addition of more than 1,100 rooms. All five properties are expected to be converted from existing hotels operated by VERKEHRSBUERO HOSPITALITY under its Austria Trend Hotels brand. By Q3, Austria Tend Hotel beim Theresianum is expected to convert to the Four Points Flex by Sheraton Vienna Hauptbahnhof, and Austria Trend Hotel Salzburg Messe will transition into Four Points Flex by Sheraton Salzburg Messe. Austria Tend Hotel Anatol is expected to convert into Four Points Flex by Sheraton Vienna Mariahilf in 2026. Additionally, following extensive renovations, Austria Trend Hotel Ananas will transition into a dual-branded hotel, featuring both Four Points Flex by Sheraton Vienna Naschmarkt and AC Hotel by Marriott Vienna Naschmarkt. As part of the multi-deal agreement, the historic Parkhotel Schonbrunn will joint Marriott's Tribute Portfolio.
Hyatt Hotels Corporation, the Scalesciani family, and the David family, announced plans for Casa Duhau, a new-build luxury hotel with 52 villas and suites in Mendoza. As the only hotel in The Unbound Collection by Hyatt in Argentina, Casa Duhau will be part of Reserva Alto Agrelo, a new development project spanning nearly 1,000 acres that will also feature a premium winery and 116 luxurious residential lots for sale. Hotel construction is expected to begin by the end of 2025, with an anticipated opening date in late 2027. The hotel will feature two signature restaurants, a pool, fitness center, spa, modern meeting rooms, a lagoon, curated wellness experiences, thoughtful programming and more.
Rosewood Hotels & Resorts has opened its latest property in Amsterdam, marking the brand's debut in the Netherlands. Housed in the former Palace of Justice and following a decade of restoration, the Rosewood Amsterdam features 134 guestrooms, including five houses and multiple food and beverage venues. The Asaya Spa features a pool, sauna, steam room and five treatment rooms, as well as a fitness center and Pilates studio.
II Bottaccio, Relais & Chateaux has been invited to join Internova Travel Group's SELECT Hotels & Resorts by Internova program, an exclusive collection of more than 1,700 luxury properties around the world. II Bottaccio Art Hotel features eight spacious suites, a full-service restaurant, II Bottaccio Lounge Bar, a seasonal indoor pool, a beautiful garden and Otzium Wellness.