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UPDATE: The Wyndham Garden hotel in Carson City, connected with Max Casino and the Black Bear Diner, is now the Federal Hotel, which will be part of the Choice Hotels brand. According to General Manager Michael Newberger, Choice Hotels rebranded the hotel at 900 South Carson Street and the name change, which went into effect on Dec. 18.
To help hotel developers and investors with their due-diligence process, CBRE Hotels Research collected more than 20 years, and analyzed ten years, worth of hotel key performance indicators (KPIs) disclosed in the SEC filings of six large public companies: Choice, Hilton, Hyatt, IHG Hotels & Resorts, Marriott and Wyndham. Combined, these companies had more than three million rooms or approximately 60% of total U.S. hotel supply at year-end 2022. Underlying data used to conduct this analysis is available for purchase here.
Article - CBRE Hotels Releases Ten Year Analysis of Hotel Brand Performance - CBRE Hotels Research analyzed ten years of hotel brand performance for six large public hotel companies, encompassing over three million rooms or 60% of US supply as of year-end 2022. Revenue per available room (RevPAR) growth for only 10 of the 49 brands held by these six companies met or exceeded the 2.9% compound annual growth rate (CAGR) of the Consumer Price Index (CPI) from 2013 to 2022.
Article - HVS Market Report - New Memphis Hotels Raise the Bar for Rate While Extending Occupancy Recovery - By Marc Greeley - With the pandemic generally in the rearview for the market, Downtown Memphis hotels have yet to recover to occupancy levels realized in 2019. This is attributed to a slow recovery in both corporate and group demand, coupled with significant growth in new supply. However, rising average rates at new hotels have become the saving grace for market RevPAR levels.
UPDATE: The Wyndham Garden hotel in Carson City, connected with Max Casino and the Black Bear Diner, is now the Federal Hotel, which will be part of the Choice Hotels brand. According to General Manager Michael Newberger, Choice Hotels rebranded the hotel at 900 South Carson Street and the name change, which went into effect on Dec. 18.