Month: July 2018

Hyatt Hotels Corp., the lodging company founded by the billionaire Pritzker family, has sent a letter to NH Hotel Group SA indicating its interest in acquiring the Spanish hotel operator. “Hyatt has a demonstrated track record of making strategic investments to extend the reach of our brands and create value for our stakeholders,” Mark Hoplamazian, Hyatt’s president and chief executive officer, said in an emailed statement Thursday to Bloomberg. (Bloomberg)

The People’s Pint, a brew pub in the Western Massachusetts town of Greenfield (population just over 17,000), has an avocado problem. The restaurant took the popular item off its menu four months ago. (NBC)

A menu borrowing from Turkey, Morocco and Egypt earned Los Angeles’ Bavel a place among Eater’s Best New Restaurants of the year. Bywater American Bistro in New Orleans celebrates the contributions of Caribbean cooking to the city’s food scene, while San Antonio’s Carnitas Lonja serves up slow-cooked carnitas on handmade corn tortillas. (Eater)

Justin Knight, president and CEO of Apple Hospitality REIT, Inc. , participated in a video interview at Nareit’s REITweek: 2018 Investor Conference in New York. Knight observed that leading into 2018, leisure traveler demand had significantly outpaced business traveler demand. As 2018 began, leisure continued to be reasonably strong, but business transient demand began to pick up, he noted. (Nareit)

Hotel operator Hilton Worldwide Holdings Inc (HLT.N) reported a quarterly rise in a key industry measure and raised its full-year earnings forecast on Wednesday, helped by strength in the United States. Hilton now expects net income attributable to shareholders before special items to be between $2.61 and $2.68 per share in 2018, compared with its previous forecast of $2.57 to $2.66 per share. (Reuters)