In this week’s roundup of news from the Americas region: Hoteliers react to second COVID-19 stimulus package; Sonesta enters agreement to acquire RLHC; and more.
Hotel News Now each week features a news roundup from a different region of the world. Today’s review covers the Americas.
Hoteliers welcome stimulus but worry it isn’t enough
Following on-again, off-again negotiations over recent months, U.S. Congress reached a deal on the second COVID-19 pandemic relief package, reports Hotel News Now’s Bryan Wroten. Though hoteliers are gladly accepting the aid, they say it’s still not enough to carry them through.
Both the U.S. House of Representatives and Senate approved the roughly $900-billion relief package late on 21 December. The second round provides renewed funding for the Paycheck Protection Program, along with other measures.
But there’s still more work for the industry to do, said Chip Rogers, president and CEO of the American Hotel & Lodging Association.
“The PPP that has been offered here, and some of the help on troubled-debt restructure, that is just helping people to survive—which is really important because if a hotel goes out of business, they’re not coming back anytime soon,” he said.
Sonesta to add more than 900 hotels with $90m RLHC buy
In its latest move to rapidly expand its portfolio, Sonesta International Hotels Corporation entered into an agreement on 30 December to acquire RLH Corporation and its more than 900 franchised hotels across eight brands, reports HNN’s Dana Miller.
The deal comes after moves by Sonesta to rebrand 103 InterContinental Hotels Group hotels and 122 Marriott International hotels under its own flag following owner Service Properties Trust terminating agreements with IHG.
In an interview with Hotel News Now, Sonesta President and CEO Carlos Flores said this deal made sense because Sonesta has planned to move into franchising for “quite some time,” especially in recent years.
Central/South America November performance
November 2020 data from STR, parent company of HNN, shows the Central/South America hotel industry reported its highest performance levels since the beginning of the COVID-19 pandemic.
Looking at percentage change from November 2019, occupancy declined 48.3% to 32.8%, average daily rate dropped 19.9% to $70.13 and revenue per available room fell 58.6% to $23.03.
Peru saw each three of its key performance metrics up from October levels. Occupancy dropped 35.7% to 42.1%, ADR decreased 51.3% to 199.25 Peruvian Sol ($55.16) and RevPAR declined 68.7% to 83.88 Peruvian Sol ($23.22).
Deals, developments, people on the move
- Davidson Hotels & Resorts has been selected by High Street Real Estate Partners, RPG Partners and Acron Real Estate Investments to manage the Westin Snowmass Resort and Wildwood Snowmass in Colorado. Both properties are set to undergo renovations.
- The Westin Grand Hotel has rebranded to the Hilton Vancouver Downtown. The property is owned and operated by Pacific Reach Properties.
- Aimbridge Hospitality added 25 Extended Stay America properties to its portfolio. All are situated throughout Texas and the Midwestern U.S.
- Waldorf Astoria Hotels & Resorts opened the 400-room Waldorf Astoria Monarch Beach Resort & Club, transforming the Monarch Beach Resort, in Dana Point, California.
- Sonesta International Hotels Corporation entered an agreement to acquire RLH Corporation for approximately $90 million.
- Eugenia Dwyer has been named GM of adjoined hotels Eden Roc Miami Beach and Nobu Hotel Miami Beach.
- Innisfree Hotels has appointed Rusty Branch to VP of community engagement, a newly created role.
- Crestline Hotels & Resorts has been selected to manage the 112-room Residence Inn Boston Marlborough, the 108-room Residence Inn Boston Westford and the 110-room Hampton Inn & Suites Westford-Chelmsford.
- Jacqueline Volkart has been named dual GM for The Ritz-Carlton, South Beach and The Ritz-Carlton Bal Harbour, Miami
Compiled by Dana Miller.