Latest news with #AppleHospitality
Skift
22-05-2025
- Business
- Skift
Marriott Debuts Its Newest Brand and Wyndham Debuts New Initiatives
Marriott International, Inc. announced the global launch of its new collection brand for the midscale and upscale lodging segments - Series by Marriott. Meanwhile, Wyndham had a flurry of announcements at its customer conference. The DJIA was down a point, the Nasdaq was up 53, the S&P 500 was down 3 points and the 10-year treasury yield was down .04 to 4.55%. Lodging stocks were modestly higher. BHR was the big mover, up 5% on the day. On the negative side of the Easter calendar shift, the U.S. hotel industry reported mixed performance results year over year, according to April 2025 data from CoStar. April 2025 (percentage change from April 2024): Occupancy: 63.9% (-1.9%) ADR: $161.28 (+1.8%) RevPAR: $103.11 (-0.1%). Among the Top 25 Markets, the highest occupancy level was seen in New York (+0.5% to 84.8%). Markets with the lowest occupancy for the month included Detroit (-2.3% to 57.4%) and Minneapolis(+2.7% to 60.9%). The highest gains across the metrics were seen in San Francisco/San Mateo: Occupancy (+14.0% to 69.6%), ADR (+20.5% to $227.44), and RevPAR (+37.45 to $158.36). The Top 25 Markets in aggregate showed higher occupancy than all other markets as well as a lower year-over-year decline (-1.3% vs. -2.3%). STR/CoStar reported U.S. hotel data for the week ended May 17. U.S. Hotel RevPAR was up 0.9%, with rates up 1.3% and occupancy down -0.4%, year over year. Group RevPAR was down -2.2%. Apple Hospitality announced its Board of Directors approved an extension until July 2026 of the company's existing share repurchase program. The extended program allows for the repurchase of up to $262.6 million of the company's common shares. Ryman Hospitality Properties said its underwritten public offering was upsized to 2,990,000 shares, sold at a price of $96.20 per share. That includes 390,000 shares sold following the quick exercise of the underwriters' overallotment option. The net proceeds of around $275 million will be used to fund a portion of the $865 million purchase price of the pending acquisition of the JW Marriott Phoenix Desert Ridge Resort & Spa in Phoenix, AZ. The balance will be funded with cash on hand and a private placement of $626 million senior notes due 2033. Tru by Hilton unveiled a refreshed prototype, featuring purposeful changes designed to update comfort, flexibility, and the overall guest experience. Enhancements to guestrooms include a redesigned mobile rolling desk, improved lighting, and updated furnishings. The lobby now has new soft seating and high-back chairs. A redesigned media wall brings Tru's lobby games front and center, encouraging play and interaction. On every guest floor, the addition of a heat and cool station near the elevator gives travelers access to microwaves, ice machines, and water bottle refill stations. As Tru by Hilton celebrates the opening of its 300th hotel, the brand is continuing its strategic growth around the world. Recent and upcoming highlights include: Tru by Hilton Houston Downtown Convention Center, opening in March 2025. Tru by Hilton Hanoi Station, opening April 2025 in Vietnam. Tru by Hilton Montreal Centre-Ville, opening in the summer of 2025 in Canada; and Tru by Hilton Saltillo, opening in the summer of 2025 in Mexico. Wyndham officially kicked off its 2025 Global Conference in Las Vegas and unveiled new initiatives to drive owner success and strengthen hotel performance. Anchored by its OwnerFirst approach, Wyndham is redefining hotel ownership through bold advancements across technology, sourcing, loyalty, and marketing. Some of the initiatives announced include: New best-in-class technology building on its best-in-class tech stack, the newly launched Wyndham Connect PLUS, which enhances Wyndham's existing guest engagement platform by further embedding AI across the guest journey. Simplified sourcing solutions - great guest experiences start with well-run operations and Wyndham is investing in both. That includes Wyndham Marketplace, a new hotel shopping platform, that, when combined with the new Wyndham PriceIQ, makes it faster and easier for owners to find, compare, and purchase brand-approved products at deeply negotiated rates. Meanwhile, a new partnership with sbe's Everybody Eats food and beverage solution is helping hotel owners offer chef-driven, restaurant-quality offerings without the need for extensive equipment or large back-of-house operations. Through a partnership with HUB International, Wyndham franchisees now have access to transparent and tailored solutions designed to ensure compliance with Wyndham brand standards, improve coverage, and lower costs. Wyndham Rewards is taking member benefits to the next level with the launch of Wyndham Rewards Experiences. Leveraging partnerships with world-renowned sports and entertainment brands, members can now use their points to bid on premier live events as well as unforgettable, once-in-a-lifetime experiences. Wyndham Rewards members will also soon have access to new dining perks, thanks to an industry-first partnership between Wyndham and Applebee's Neighborhood Grill & Bar. Marketing that meets guests where they are capitalizing on the power of its unparalleled portfolio, Wyndham is also taking steps to help capture more demand at lower costs for its thousands of franchisees. This summer, the company will launch a bold new portfolio-wide marketing campaign: Where There's a Wyndham, There's a Way. Uniting for the first time, both Wyndham Hotels & Resorts and Wyndham Rewards under one singular identity, the campaign brings to life Wyndham's mission of Making Hotel Travel Possible for All. A new 93-room Hilton Garden Inn has opened in downtown Dayton, Ohio, attached to the historic Dayton Arcade. While the actual grand opening for the hotel isn't slated until sometime in June, the North Arcade, which will feature shopping, restaurants, and more, will be having its grand opening on June 6. 1 Hotels announced the opening of 1 Hotel Seattle. Set in Seattle's South Lake Union neighborhood, the hotel offers 153 guestrooms including 45 suites, a signature restaurant, café and bar, and six designed event spaces. Populus Hotels announced that Populus Seattle is now open in the historic Pioneer Square. Created by Urban Villages and brought to life in collaboration with Aparium Hotel Group, the 120-room boutique hotel offers multiple dining venues and Pioneer Square's first and only rooftop bar, and two flexible meeting and event spaces. Daly Seven announced the development of a new Holiday Inn Express & Suites and an adjacent restaurant out parcel in Lynchburg/Campbell County, Virginia. The 113-room hotel is currently under construction. The new hotel replaces the existing Holiday Inn Express on Seminole Avenue and is scheduled to open in Fall 2026. Bradley, Illinois, will see the construction of a new 73-suite Staybridge Hotel, and the project is anticipated to carry with it a development cost of $14-$15 million. The complex will share an indoor walkway with the neighboring 92-unit Holiday Inn Express & Suites, as both sites will be owned and operated by Dr. Sanjay Patel. According to Patel, the two hotels would share common areas such as the front desk and the pool. Kalahari Resorts & Conventions has launched the Kalahari Adventure Collection property tier defined by 'distinctive, experience-driven accommodations,' as the company describes them. The first destination under this banner is now underway in Wisconsin Dells, Wisconsin, with a mix of elevated treehouses, lakefront cabins, and villas, set to open in 2026 in the woods neighboring Kalahari's flagship resort. Additionally, Daylene's Supper Club, a 10,000-square-foot restaurant and another key portion of the project, broke ground on May 19. Sojourn Lodging, a new boutique tiny house hotel concept, is now open in Sevierville, Tennessee. The resort includes a variety of onsite amenities, including a pickleball court, community fire pits, walking trails, indoor gathering space at the Welcome Center, and a mountain observation deck. San Antonio's La Cantera Resorts has revealed a $40 million guestroom makeover. The interior renovations took 11 months to complete and include all 496 guestrooms and 34 private villas. Still to come is The Calera, a new 5,600 square foot weddings and events venue modeled after the King Ranch main house. According to a resort rep, construction is currently slated to finish in the fall. Field & Stream Lodge Co. announced the opening of its flagship property: Field & Stream Bozeman. The 179-room lodge offers an indoor pool, an outdoor hot tub, a landscaped courtyard, the Supply Shop, two distinct restaurant and bar concepts, and The Summit Room, a 3,600 square foot private event space. Field & Stream Bozeman was designed by AJ Capital Partners, drawing inspiration from Bozeman, Montana's rugged natural beauty. Hershler Hospitality announced the sale of the Shaw House, a historic 7-room inn located in Ferndale, California. The seller was a private individual; the buyers were two private individuals. Global Highlights Marriott International, Inc. announced the global launch of its new collection brand for the midscale and upscale lodging segments - Series by Marriott - as the company continues to expand its lodging offerings around the world. Series by Marriott marks its initial launch through a founding deal with Concept Hospitality Private Limited (CHPL) in India, a key growth market for Marriott. Under the strategic agreement between CHPL and Marriott, CHPL's flagship brands The Fern, The Fern Residency, and The Fern Habitat will affiliate with Series by Marriott on an exclusive basis across India and Marriott will make a small equity investment in CHPL. The Fern portfolio is currently comprised of 84 open properties and 31 executed pipeline deals, totaling 115 properties and approximately 8,000 rooms. Fern properties are expected to join Marriott's portfolio in India over time following discussions with the third-party hotel owners and execution of long-term franchise agreements with those owners. For more context, see Skift's story. Personnel News JLL's Hotels & Hospitality Group announced Wyatt Krapf has joined the firm as a Senior Director in Tampa, Florida. As part of JLL's Debt Advisory team, Krapf will specialize in hotel debt and equity placement transactions throughout North America, in addition to debt coverage across all asset classes in Central Florida. Krapf brings over a decade of experience. His career includes six years with HFF, three years with Berkadia, and two years with Hodges Ward Elliott.
Business Wire
20-05-2025
- Business
- Business Wire
Apple Hospitality REIT Celebrates 10th Anniversary of NYSE Listing and 25 Years in the Lodging Industry by Ringing The Opening Bell
RICHMOND, Va.--(BUSINESS WIRE)--Apple Hospitality REIT, Inc. (NYSE: APLE) (the 'Company' or 'Apple Hospitality') today announced that the Company is celebrating 25 years in the lodging industry and the 10th anniversary of its listing on the New York Stock Exchange ('NYSE') by ringing The Opening Bell today at 9:30 a.m. Eastern Time. "This morning, as we commemorate 10 years since listing on the New York Stock Exchange, we are honored to celebrate by ringing The Opening Bell," said Justin Knight, Chief Executive Officer of Apple Hospitality. "As we reflect on this milestone, we are grateful for the hard work, dedication and perseverance of our team over both the last decade and our 25-year history in the hospitality industry. The merits of our differentiated strategy have been proven across economic cycles, and we are confident we will continue to build on our strong foundation and further enhance shareholder value in the years to come." About Apple Hospitality REIT, Inc. Apple Hospitality REIT, Inc. (NYSE: APLE) is a publicly traded real estate investment trust ('REIT') that owns one of the largest and most diverse portfolios of upscale, rooms-focused hotels in the United States. Apple Hospitality's portfolio consists of 220 hotels with approximately 29,800 guest rooms located in 85 markets throughout 37 states and the District of Columbia. Concentrated with industry-leading brands, the Company's hotel portfolio consists of 97 Marriott-branded hotels, 117 Hilton-branded hotels, five Hyatt-branded hotels and one independent hotel. For more information, please visit
Forbes
26-04-2025
- Business
- Forbes
4 Stocks Below Book Value, Paying Dividends, Earnings Records
Below book value stocks When he wrote The Intelligent Investor and Security Analysis, Benjamin Graham provided details on his methods for selecting stocks. His student at Columbia's business school, Warren Buffett, created Berkshire Hathaway and applied what he'd learned from Professor Graham. A lot has changed since Graham and Buffett's best days, but the basics still apply. If an investor can purchase a stock at a price below its book value, that's basically good. Other factors enter into it, of course: is the company making money? Does it reward shareholders with dividends? Here are four stocks that may fit these classic value stock guidelines. Obviously, more research is required but it's a reasonable guess that this is a good start. Apple Hospitality REIT Apple Hospitality REIT daily price chart, 4 26 25. Like many real estate investment trusts right now, the price chart shows a bounce off the early April low. A basic downtrend remains in place as the stock trades below both down trending 50-day and 200-day moving averages. The relative strength indicator (RSI, below the price chart) has moved out of the 'oversold' range. Apple Hospitality trades with a price-earnings ratio of 13.41, far below the p/e of the S&P 500 now at 34.22. The REIT can be purchased at 87% of its book value. The market capitalization is $2.84 billion. The debt-to-equity ratio is .49. Apple Hospitality pays an 8.23% dividend. Fresh Del Monte Products Fresh Del Monte Produce daily price chart, 4 26 25. Thursday's closing price broke above the early December high, just barely but that counts. Note the difference between the strength of this stock and the general lack of strength of the major indexes, despite last week's bounce. Fresh Del Monte Produce trades above up trending 50-day and 200-day moving averages. Market cap is $1.65 billion. The stock is available for purchase at a 17% discount from book value. The price-earnings ratio is a low 11.63. The debt-to-equity ratio is .21. Earnings this year are up 11.57% and up over the past five years by 16.59%. The farm produce company recently paid a dividend of 3.05%. Permian Resources Permian Resources daily price chart, 4 26 25. The stock over the last two weeks bounced off the early April low. Now at $12.26, it has a long way to go to make it back to the November 2024 high of $16. The price remains below down trending 50-day and 200-day moving averages. Tariffs may be playing a role in the current drop. The oil and gas exploration and development company trades at 94% of book value with a price-earnings ratio of 8.59. Market cap is $9.92 billion. The debt-t0-equity ratio is .47. This year's earnings are down 1.42% and up over the past five years by 90.07%. Permian Resources offers investors a 4.89% dividend. X Financial ADR X Financial daily price chart, 4 26 25. You can see how this China-based credit services firm peaked in March at just above $17.50, sold off into the early April stock market lows and has since bounced. Note that it now trades above an up trending 50-day moving average and above the 200-day moving average. X Financial has a market cap of $452 million. The price-earnings ratio is 3.16 and the discount to book value is 31%. The debt-to-equity ratio is .05. Average daily volume of just 205,000 is relatively low for a New York Stock Exchange-listed stock. The company pays a 2.35% dividend. Stats courtesy of Charts courtesy of
