Upper Upscale

Read the latest trends and developments in the upper upscale hotel segment through Hotel Investment Today's dedicated section. Our detailed coverage includes market forecasts, development, financing news, strategic growth opportunities, and more that impact this hotel segment.
Choice to Wyndham: Get back to the table
News / C Corps
Choice to Wyndham: Get back to the table
By Jeffrey Weinstein | November 7, 2023
While third quarter earnings were a little light with misses on core domestic RevPAR and royalty fees, the earnings call focused on reengaging with Wyndham to jumpstart negotiations.... Read More
Palladius emerges as boutique lender, pocket equity player
News / Financing
Palladius emerges as boutique lender, pocket equity player
By Jeffrey Weinstein | November 6, 2023
Austin, Texas-based investor works on placing its first $100 million in debt, as well as taking equity positions in first three hotel assets.... Read More
Latest news: Hyatt partners in Mexico; Remington to Caribbean; Generator's big refi
News / Brands
Latest news: Hyatt partners in Mexico; Remington to Caribbean; Generator's big refi
By Jeffrey Weinstein | November 6, 2023
Breaking news about M&A, development, data and more.... Read More
Frasers Hospitality CEO on why extended-stay remains a premium play
News
Frasers Hospitality CEO on why extended-stay remains a premium play
By Rob Schneider | November 6, 2023
Frasers Hospitality CEO said they want to go where rates and revenue are higher because, especially in key gateway cities, that’s where money can be made.... Read More
Developer walks away from $85M Ace Hotels deal
News / Mergers and Acquistions
Developer walks away from $85M Ace Hotels deal
By Jeffrey Weinstein | November 4, 2023
After both sides settled lawsuits, buyer Sortis Holdings said that with Ace Hotels losing management contracts and interest rates changing the deal equation, it won’t close.... Read More
‘Our company can double’: Why IHG’s new CEO is optimistic
News / Franchising
‘Our company can double’: Why IHG’s new CEO is optimistic
By Rob Schneider | November 3, 2023
IHG Hotels & Resorts CEO Elie Maalouf was interviewed at HICAP and talked about growth, the company’s potential and guests’ elevated expectations.... Read More
Latest news: Habitas to futuristic NEOM; earnings from Airbnb, Expedia
News / Brands
Latest news: Habitas to futuristic NEOM; earnings from Airbnb, Expedia
By Jeffrey Weinstein | November 3, 2023
Breaking news about M&A, development, data, earnings and more.... Read More
REIT earnings: Host, RLJ, Park, DiamondRock, Pebblebrook
News / REITs
REIT earnings: Host, RLJ, Park, DiamondRock, Pebblebrook
By Jeffrey Weinstein | November 3, 2023
REITs reflect overall performance trends, including improving group, as well as the ability to keep growing rate while maintaining occupancy that at least match pre-pandemic levels. ... Read More
Micro-owners, fort-nightly travel and chasing yields in Asia Pac
News
Micro-owners, fort-nightly travel and chasing yields in Asia Pac
By Rob Schneider | November 2, 2023
Hotel leaders at HICAP discussed the unique challenges and opportunities for the region.... Read More
Hyatt raises RevPAR estimates but lowers full-year guidance
News / C Corps
Hyatt raises RevPAR estimates but lowers full-year guidance
By Rob Schneider | November 2, 2023
For its third-quarter earnings, the company said it generated a record $250 million in fees and a systemwide RevPAR increase of 8.9%.  ... Read More
Quotes of the week: Hotel Investment Partner, Marriott, Hyatt
News / Insights
Quotes of the week: Hotel Investment Partner, Marriott, Hyatt
By Jeffrey Weinstein & Rob Schneider | November 2, 2023
Some noteworthy quotes from the past week, including perspective on Singaporean sovereign wealth fund acquiring from Blackstone Group a 35% stake in Spanish hotel group Hotel Investment Partner (HIP).... Read More
Steady improvement leads to Marriott 3Q23 earnings beat
News / C Corps
Steady improvement leads to Marriott 3Q23 earnings beat
By Jeffrey Weinstein | November 2, 2023
Group expected to be a meaningful driver of revenue growth moving forward; new brands start to sprout pipelines.... Read More
Latest news: Crowne Plaza deal in Mexico City; Sage partners with Shinola
News / Brands
Latest news: Crowne Plaza deal in Mexico City; Sage partners with Shinola
By Jeffrey Weinstein | November 1, 2023
Breaking news about development, M&A, data and more.... Read More
Deal activity: October 25-31, 2023
News / Transactions Lists
Deal activity: October 25-31, 2023
By Shawn Turner | November 1, 2023
Among the noteworthy deals of the past week is Parks Hospitality Holding’s $370 million acquisition of the Boston Park Plaza form Sunstone Hotel Investors. ... Read More
As ‘brandification’ grows in Asia Pacific, so do expectations
News
As ‘brandification’ grows in Asia Pacific, so do expectations
By Rob Schneider | October 31, 2023
STR’s Jesper Palmqvist gives us a look behind the numbers in the region. He discusses what makes him optimistic and what makes him concerned. ... Read More