A French-headquartered media conglomerate just paid $69 million for a 151-room Hilton Garden Inn in lower Manhattan, then immediately deflagged it to build something called an "Art Newspaper House." The per-key price is defensible, but the exit from a major flag in a market where loyalty contribution actually matters deserves a closer look.
Operations
Primary
Mar 23
White Lodging's succession at the largest hotel in Indianapolis looks textbook on the surface... internal promotion, deep market knowledge, smooth handoff. But if you're running a large-format property and your succession plan is "we'll figure it out when it happens," this is your wake-up call.
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