Marriott London: Marriott International expanded its extended-stay brand, Residence Inn by Marriott, with the signing of two new properties in London. Residence Inn London – London Bridge is expected to open in Q2 2017, with the opening of Residence Inn London – Kensington scheduled to follow in Q4. Both properties, owned by a controlled affiliate of Starwood Capital Group, will be operated under a franchise agreement with hotel management company and specialists in the extended-stay market, Cycas Hospitality, London’s second-largest operator of serviced apartment and apart-hotels.
Accor: The management of Potel & Chabot, Edmond de Rothschild Investment Partners and AccorHotels have entered into exclusive negotiations with the shareholders of Potel & Chabot Group to acquire the group’s entire share capital.
Noble House rebranding: Noble House Hotels & Resorts rebranded Jackson Hole’s Terra Private Residence Collection to Teton Private Residences. The new brand features nine luxury vacation homes throughout Teton Village and offers two- and-three-bedroom slopeside condominiums, as well as mountain chalets accommodating up to 18.
U.S. lodging forecast: U.S. lodging services revenues are forecast to reach US$185 billion in 2021, according to Lodging Services: United States, a report recently released by Freedonia Focus Reports. While hotels face stiffening competition from providers of alternative lodging services, such as Airbnb and HomeAway.com (Expedia), such services are expected to remain a relatively small portion of total lodging revenues.