Extended Stay America Announces Secondary Offering and Repurchase of Paired Shares

CHARLOTTE, N.C.--(BUSINESS WIRE)--Extended Stay America, Inc. and ESH Hospitality, Inc. (NYSE: STAY) (together, the “Company”) today announced an underwritten secondary offering (the “offering”) of 30,000,000 Paired Shares, each Paired Share…

CHARLOTTE, N.C.–(BUSINESS WIRE)–Extended Stay America, Inc. and ESH Hospitality, Inc. (NYSE: STAY) (together, the “Company”) today announced an underwritten secondary offering (the “offering”) of 30,000,000 Paired Shares, each Paired Share consisting of a share of common stock of Extended Stay America, Inc. and a share of Class B common stock of ESH Hospitality, Inc., which are attached and trade together as Paired Shares, by certain selling stockholders affiliated with Centerbridge Partners,

Overbooking has gotten a lot of attention in the past three weeks, but, most of the time, it's not a big deal. Airlines know passengers won't show up, so they…

Overbooking has gotten a lot of attention in the past three weeks, but, most of the time, it’s not a big deal. Airlines know passengers won’t show up, so they sell a few more tickets than they have seats. What’s the harm in that? Airlines might want to reduce the number of extra seats they sell, but they don’t need to retire the practice.
-Brian Sumers

Viad Corp Delivers Strong First Quarter 2017 Results

PHOENIX--(BUSINESS WIRE)--Viad Corp (NYSE: VVI) today announced first quarter 2017 results that exceeded expectations driven by outperformance at GES. Both business groups executed well during the quarter and posted strong…

PHOENIX–(BUSINESS WIRE)–Viad Corp (NYSE: VVI) today announced first quarter 2017 results that exceeded expectations driven by outperformance at GES. Both business groups executed well during the quarter and posted strong year-over-year revenue growth.     Q12017     Q12016     y-o-yChange $ in millions, except per share data         Revenue $ 325.8 $ 241.4 35.0 % Organic Revenue* 311.7 239.5 30.1 %   Net Income (Loss) Attributable to Viad $ 6.8 $ (7.0 ) ** Income (Loss) Before Other Items* 6.

Step into Summer at Omni Hotels & Resorts

DALLAS--(BUSINESS WIRE)--With longer days and spring in full bloom, travelers are starting to yearn for their next vacation. Omni Hotels & Resorts knows people need to take a break and…

DALLAS–(BUSINESS WIRE)–With longer days and spring in full bloom, travelers are starting to yearn for their next vacation. Omni Hotels & Resorts knows people need to take a break and recharge from their everyday life with exciting and memorable new experiences. The luxury hotel brand’s new offer – “Step into Summer” – is a perfect guest package for travelers looking to book a quick overnight getaway or for those looking to extend their stay and experience all a destination has to offer. T

Pebblebrook Hotel Trust Reports First Quarter 2017 Results

BETHESDA, Md.--(BUSINESS WIRE)--$PEB #PEB--Pebblebrook Hotel Trust Reports First Quarter 2017 Results

BETHESDA, Md.–(BUSINESS WIRE)–$PEB #PEB–Pebblebrook Hotel Trust Reports First Quarter 2017 Results

Was the settlement for $6 million? Perhaps $10 million? We don't know but whatever it was it would be spare change for United if it can manage to get the…

Was the settlement for $6 million? Perhaps $10 million? We don’t know but whatever it was it would be spare change for United if it can manage to get the horrific publicity behind it.
-Dennis Schaal

A Guide to the New NREIonline.com

As of today, all users are experiencing the new NREIonline.com.

As of today, all users are experiencing the new NREIonline.com.

While the growth in summer online travel spending will decline in the U.S. this year compared to 2016, it's not all doom and gloom for the U.S. travel industry. -Andrew…

While the growth in summer online travel spending will decline in the U.S. this year compared to 2016, it’s not all doom and gloom for the U.S. travel industry.
-Andrew Sheivachman

CRE Industry Cheers Trump’s Proposal to Cut Corporate Tax Rate, But Wants More Details

Neither a border adjustment tax, which would have a significant impact on the retail sector, nor changes to the way carried interest is taxed, which would affect real estate partnerships,…

Neither a border adjustment tax, which would have a significant impact on the retail sector, nor changes to the way carried interest is taxed, which would affect real estate partnerships, were mentioned in the new plan.

American Airlines CEO Doug Parker is playing the long game. Surprise pay hikes for pilots and flight attendants will cost roughly $350 million in 2018 and 2019. But if airlines…

American Airlines CEO Doug Parker is playing the long game. Surprise pay hikes for pilots and flight attendants will cost roughly $350 million in 2018 and 2019. But if airlines truly want to avoid more customer service-related dramas, one way to get there is to adequately compensate your workforce.
-Dennis Schaal