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Wyndham Hotels & Resorts has signed an exclusive development agreement with NILE Hospitality LLP to introduce its Microtel by Wyndham brand to India, marking the eighth Wyndham brand to debut in the country. The strategic alliance enables Wyndham to leverage a leading regional third-party developer and operator to bring its award-winning brand to India.With Wyndham’s global presence and NILE’s expertise across India, the Company anticipates opening 40 Microtel hotels by 2031, all of which will be direct franchisees of Wyndham, as part of its ambitious and robust growth strategy. The agreement underscores the company’s commitment to expanding in one of the world's most dynamic growing hospitality markets, where it currently has 60 hotels open throughout India and expects to grow by at least 25 per cent in the next 18 months.A pioneer in efficiency, Microtel by Wyndham is known for its modern design, exceptional service and value-driven guest experiences, making it one of the most trusted names in the economy hotel segment. Wyndham’s agreement with NILE will see development of the brand in key Tier II, III and IV cities, in line with India’s infrastructure development cycle, with the first hotels opening in 2025. Each will have a minimum of 50 keys and feature meeting and social spaces, gyms and other facilities based on the needs of the region. “We continue to see incredible opportunities in India, which is why we’re focusing our strategic efforts on introducing more of our diverse brands to the country. Microtel is an ideal example of a brand that can be purpose-built for the market and with the continued collaboration with trusted partners like NILE Hospitality, we can quickly scale to meet growing demand,” stated Dimitris Manikis, President EMEA, Wyndham Hotels & Resorts.“Wyndham is a proven partner for NILE and this is just the latest chapter in our combined growth story as we aim to collectively tap into India’s rapidly expanding economy lodging segment. By introducing Microtel, we’ll be able to propel development in a robust domestic market while further tapping into the scale and resources of the world’s largest hotel franchisor. It’s an ideal match and reflection of our shared ambition to grow and build together,” added Vikram Singh Chauhan, Founder and CEO, NILE Hospitality LLP. For daily news and analysis subscribe to the https://lnkd.in/gz24MG5E newsletter. #Hospitality #Travel #Hotels

As the hotel industry navigates the challenges of 2024, brand leaders continue to maintain an optimistic outlook and have proactively planned for the year ahead. What specific developments do you foresee shaping the industry in the upcoming year? #HospitalityTrends #HotelIndustry #FutureOfHospitality #HotelInnovation #hotelnews #Hospitality #LodgingConference

#Hyatt to Acquire Standard International and its Iconic Hotel Brands, The Standard and Bunkhouse Hotels, Expanding Its Leading Position in Lifestyle Hospitality - on #IndianConvention \<!-- wp:html --\>\<p\>Business Wire India\</p\> \<p\>Hyatt Hotels Corporation \(NYSE: H\) today announced the \<a target="_blank" href="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/https://lnkd.in/g8sQVPBG" rel="noopener"\>planned acquisition\</a\> of the brands and most of the affiliates of pioneering lifestyle company \<a target="_blank" href="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/https://lnkd.in/g6kYrvVD" rel="noopener"\>Standard International\</a\>, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt’s position as the leader in the industry’s premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023. The transaction is anticipated to close later this year, subject to customary closing conditions.\</p\> \<p\> \</p\> \<p\>This press release features multimedia. View the full release here: \<a target="_blank" href="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/https://lnkd.in/gKh6NM37" rel="noopener"\>https://lnkd.in/gyWwwHwG</a\>\</p\> \<p\> \</p\> \<div\> \<p\>The Standard, London \(Photo: Business Wire\)\</p\> \</div\> \<p\>With this transaction, Hyatt will form a new dedicated lifestyle group that will be headquartered in New York City. Led by Standard International's Executive Chairman Amar Lalvani, the lifestyle group will leverage Hyatt's best-in-class operational and loyalty infrastructure while assuming distinct leadership across key functions including experience creation, design, marketing, programming, public relations, restaurants, nightlife and entertainment. The new lifestyle group will be made up of the talented Standard International team as well as Hyatt colleagues – more details about the lifestyle group will be shared following the closing of the transaction.\</p\> \<p\> \</p\> \<p\>The planned acquisition will continue Hyatt’s evolution to a brand- and experience-driven company. The acquired portfolio will be 100 percent asset-light and includes management, franchise and license contracts for 21 open hotels with approximately 2,000 rooms, including The Standard, London, The Standard, High Line in New York City, The Standard, Bangkok Mahanakhon and boutique treasures like Hotel Saint Cecilia in Austin, Texas and Hotel San Cristóbal in Baja California, Mexico. Following the closing of the transacti

#HospitalityIPOs | Recent IPOs such as Apeejay Surendra Park Hotels, Chalet Hotels, Samhi Hotels and Juniper Hotels evoked strong response from investors. @YashJain88 digs into the trend and what the future looks like #CNBCTV18 #Hotels #IPOs #Hospitality

#Hyatt to Acquire Standard International and its Iconic Hotel Brands, The Standard and Bunkhouse Hotels, Expanding Its Leading Position in Lifestyle Hospitality - on #IndianConvention \<!-- wp:html --\>\<p\>Business Wire India\</p\> \<p\>Hyatt Hotels Corporation \(NYSE: H\) today announced the \<a target="_blank" href="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/https://lnkd.in/gRA8GqU5" rel="noopener"\>planned acquisition\</a\> of the brands and most of the affiliates of pioneering lifestyle company \<a target="_blank" href="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/https://lnkd.in/gNueuj5K" rel="noopener"\>Standard International\</a\>, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt’s position as the leader in the industry’s premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of lifestyle rooms in Hyatt’s global portfolio between 2017 and 2023. The transaction is anticipated to close later this year, subject to customary closing conditions.\</p\> \<p\> \</p\> \<p\>This press release features multimedia. View the full release here: \<a target="_blank" href="https://accionvegana.org/accio/0ITbvNmLulGZltmbpxmL3d3d6MHc0/https://lnkd.in/gaEKW8W5" rel="noopener"\>https://lnkd.in/gYwEdty6</a\>\</p\> \<p\> \</p\> \<div\> \<p\>The Standard, London \(Photo: Business Wire\)\</p\> \</div\> \<p\>With this transaction, Hyatt will form a new dedicated lifestyle group that will be headquartered in New York City. Led by Standard International's Executive Chairman Amar Lalvani, the lifestyle group will leverage Hyatt's best-in-class operational and loyalty infrastructure while assuming distinct leadership across key functions including experience creation, design, marketing, programming, public relations, restaurants, nightlife and entertainment. The new lifestyle group will be made up of the talented Standard International team as well as Hyatt colleagues – more details about the lifestyle group will be shared following the closing of the transaction.\</p\> \<p\> \</p\> \<p\>The planned acquisition will continue Hyatt’s evolution to a brand- and experience-driven company. The acquired portfolio will be 100 percent asset-light and includes management, franchise and license contracts for 21 open hotels with approximately 2,000 rooms, including The Standard, London, The Standard, High Line in New York City, The Standard, Bangkok Mahanakhon and boutique treasures like Hotel Saint Cecilia in Austin, Texas and Hotel San Cristóbal in Baja California, Mexico. Following the closing of the transacti

As the Guangdong-Hong Kong-Macao Greater Bay Area flourishes, the local hotel industry is experiencing a revitalization. Thanks to their rich cultural heritage and idyllic environments, Shenzhen and Zhaoqing, two core cities in this region, are becoming prime destinations for hotel investments. In the latest episode of the #OwnerWithWyndham series, Mr. 陈满新 (Eason Chen), President of Dongguan Handsome Investment Group, and owner of Wyndham Grand Shenzhen and Wyndham Grand Zhaoqing Downtown, shares his journey in developing premium hotels with Wyndham, a partnership that has been a resounding success. Wyndham Grand Shenzhen, strategically nestled in Shenzhen's bustling CBD, offers a haven of efficient and comfortable accommodations for discerning business travelers. On the other hand, Wyndham Grand Zhaoqing Downtown, with its tranquil courtyards and panoramic views of the majestic mountains and serene lake, beckons tourists seeking a serene escape. 🔹Brand Power Endorsement Wyndham Hotels & Resorts, a global leader in hotel franchising, has become Mr. Chen's preferred partner due to its extensive franchise management experience, global portfolio of 25 brands, and exceptional global commercial and operational resources. Wyndham Grand's dedication to service excellence and an unparalleled customer experience aligns perfectly with Mr. Chen's business philosophy. He stated, "Collaborating with Wyndham Grand allows us to effectively showcase our professionalism, enhance our market impact, and maximize our brand value." 🔹Wyndham Loyalty Program Appeal The Wyndham Rewards Loyalty Program has been a game-changer for Wyndham Grand Shenzhen. Leveraging its prime location and world-class facilities, the hotel has garnered widespread acclaim. With its massive membership base of 108 million, the program offers a host of benefits, including points redemption, which significantly enhances customer loyalty, ensuring a steady clientele and driving substantial revenue for the hotel. 🔹Versatile Hotel Franchise Model Wyndham's franchising model provides strong operational support for both hotels, utilizing Wyndham's brand strength, extensive management expertise, and vast market resources. Mr. Chen highlighted, "While maintaining brand consistency, the hotels can tailor their operations and services to their unique geographical settings and target audiences. This adaptability ensures that both hotels meet their customers' needs while preserving the brand's distinctiveness and appeal." 🔹Looking to a Brighter Future Mr. Chen is not just optimistic, but truly excited about the future of his partnership with Wyndham. He anticipates this collaboration will not only usher in a new era for Wyndham Grand, but also offer guests unparalleled services and unique lodging experiences, setting new standards in the industry. #WyndhamHotels #WyndhamGrand #GuangdongHongKongMacaoGreaterBayArea #hotelinvestment #Hospitality #Tourism #Growth #Expansion

HOTEL SECTOR RESULT ANALYSIS Q3 DECEMBER 2023 10. APEEJAY SURRENDRA PARK HOTELS LTD PART 3 Leased Hotels Assets on land and building leased from governmental authorities or private parties with 3 hotels and 179 keys Managed Hotels Assets operated and managed through operation and management contracts with 20 hotels and 1018 keys The company’s brands Luxury & Upscale 1 The Park Hotels The upscale brand with a luxury boutique offering - 8 hotels and 1201 keys 2 The Park Collection Small luxury properties located at select travel destinations – 3 hotels and 64 keys Upper Mid Scale A Zone The upper mid-scale brand for the price and design-conscious customer- 11 hotels and 624 keys B Zone Connect An upper mid-scale brand that channels its spirit and design philosophy from Zone by the Park Economy Stop Its Economy Motel brand 81 its F&B & Nightclubs Restaurants, Nightclubs & Bars is spread across its hotels 75 Outlets of “Flurys” Its successful and profitable offering with Industry Leading EBITDA margins Flurys: Its Iconic Brand with 75 outlets CONCLUSION The Key Strategies: Its Growth Portfolio 1 Continued focus on the development of existing land banks and strategic allocation of capital Capitalizing on the low historic cost of land and ✓ Developing existing land with low development cost per room through efficient and timely execution ✓ Periodic evaluation of new sites for greenfield development and prospective hotel assets for conversion or acquisition 2 Efficient capital allocation with an optimal portfolio of owned, leased, and managed hotels We have created an Asset Light Strategy for the expansion of the “Zone by The Park” and “Zone Connect by the Park” 3 Improving operational efficiency to achieve superior performance 4 Develop and strengthen the ‘Flurys’ brand in the retail F&B business segment through expansion Plans 5 Increase the Managed to 52 percent from 44 percent and reduce the share of owned from 48 percent to 42 percent. Promoters hold over 68 percent stake, FII’s 5 percent and DII’s 13 percent. The company is confident about its future exceptional brands, a reputation for innovative hospitality service, and diverse F&B offerings, which have distinguished it in the industry. The Company has completed its Initial Public Offering (11'0") of 59,385.351 equity shares (including 675,675 equity shares issued to employees) of face value of Rs. I each at an issue price of Rs. 155 per share. Currently, the stock is quoted around Rs 184, which is just about 20 percent higher than the issue price after hitting a high of Rs 235

🏨 Motel 6 Sold to Oyo: A New Chapter for an Iconic Brand 🚪 In a significant move for the hospitality industry, Oyo, the Indian hotel giant, has agreed to acquire Motel 6 for $525 million. This acquisition marks a strategic step in Oyo’s U.S. expansion plans. Here are the key details: 🏨 About Motel 6 * Established: 62 years ago in Santa Barbara, California. * Brand Recognition: One of America’s most recognizable budget lodging brands with approximately 1,500 locations in the U.S. and Canada. * Name Origin: Initially offered rooms for just $6 a night. 💼 Transaction Details * Seller: Blackstone, which purchased Motel 6 in 2012 for $1.9 billion. * Expected Closing: Q4 2024. * Financial Impact: Blackstone has tripled investors’ capital, generating over $1 billion in profit from the sale. 🌍 Oyo's Growth Journey * Founded: About a dozen years ago, rapidly becoming one of the world's largest hotel chains. * Current Presence: Operates 320 hotels across 35 states in the U.S. * Recent Challenges: Faced setbacks due to COVID-19 and quality control issues but has refocused its efforts on U.S. growth. 📈 Future Plans * Integration: Motel 6 will operate as a separate entity under Oyo’s management. * CEO Insight: Gautam Swaroop emphasized the brand's strong recognition and financial profile as key assets for future growth. 📊 Market Context * Economy Hotel Trends: The U.S. hotel industry is currently facing challenges, including declining occupancy and stagnant room rates. * Average Room Rate: Economy-class hotels averaged $79 per night in August 2024, a slight decline from the previous year but up 14% compared to five years ago. * Future Outlook: Analysts expect a modest improvement in 2025, driven by infrastructure spending and increased demand from traveling construction crews. 🔑 Why This Matters * This acquisition reflects Oyo's ambition to strengthen its footprint in the U.S. and adapt to changing market dynamics. * Budget hotel chains like Motel 6 are well-positioned to capture market share through loyalty programs and online visibility, even as the economy segment faces pressures. As Oyo ramps up its presence in the U.S. market, the future looks promising for Motel 6 and its budget-conscious travelers. 🌟✨ https://lnkd.in/gscwzvu2

Article of The Week: By Kate King | WSJ | Sept. 20, 2024 Blackstone agrees to sell one of America’s most recognizable lodging brands for $525 million. Motel 6, one of America’s most recognizable lodging brands, has a new owner after an India-based hotel giant has agreed to buy it for $525 million. Oyo, the new owner, said on Friday it is making the acquisition as part of its plans for ramping up its U.S. expansion. Motel 6 has provided beds to budget-conscious travelers of America’s highways for the past 62 years. The brand, with about 1,500 locations across the U.S. and Canada, takes its name from its original nightly rate of six dollars. New York investment firm Blackstone BX -1.45%decrease; red down pointing triangle, which acquired Motel 6 in 2012, is the seller. The sale is expected to close in the fourth quarter. Oyo was founded about a dozen years ago. The budget-hotel operator expanded rapidly to become one of the world’s largest hotel chains. Venture capitalists helped fuel that growth, in particular SoftBank Group 9984 2.51%increase; green up pointing triangle. In 2019, the Japanese venture firm led an investment round of more than $1 billion that valued Oyo at $10 billion. Read More: https://lnkd.in/eN7A8rXr

Hyatt International has just announced a significant move in the hotel industry with the acquisition of the market-defining lifestyle brand, Standard International. As the saying goes, "if you can't beat 'em, join 'em," and this sentiment seems to perfectly capture Hyatt's strategy. Like their global peers—Marriott International, Hilton, and Accor—Hyatt is making bold moves to secure a foothold in the ever-evolving lifestyle space. So, why Standard and why now? Quite simply, lifestyle is the future of the hotel industry. Traditional hotel brands are finding it increasingly difficult to capture the attention of a new generation of travelers who crave unique, authentic experiences over standardised offerings. The demand for hotels that reflect local culture, offer personalised services, and create a sense of community is growing exponentially. Brands like Standard have mastered the art of blending luxury with individuality, providing guests with an experience that feels both exclusive and accessible. For Hyatt, this acquisition isn’t just about expanding their portfolio; it’s about staying relevant in a rapidly changing market. The lifestyle segment is no longer a niche; it’s becoming the mainstream, and major hotel chains are scrambling to catch up. By acquiring established lifestyle brands, they are not only diversifying their offerings but also positioning themselves as leaders in this space. The future of hospitality is being redefined, and Hyatt's latest move is a clear indication that they intend to be at the forefront of this transformation. The critical question remains - can a company like Hyatt truly preserve the distinct identity and appeal that made Standard so successful in the first place? Or will these brands lose the very essence that made them stand out once they are absorbed into the larger corporate structure?