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AirDNA Reveals Top Places to Invest in Short-Term Rentals in 2024

Retrieved on:

Tuesday, February 6, 2024

DENVER, Feb. 6, 2024 /PRNewswire/ -- AirDNA , a leading short-term rental (STR) data and analytics provider, today released its 2024 Best Places to Invest report .

Key Points:

DENVER, Feb. 6, 2024 /PRNewswire/ -- AirDNA , a leading short-term rental (STR) data and analytics provider, today released its 2024 Best Places to Invest report .
This essential guide pinpoints the most promising markets for investment this year, identifying U.S. hotspots where investors can maximize returns.
The relaunch of the AirDNA product suite has made it easier than ever to customize your search for top markets.
AirDNA's Top 10 Places to Invest in 2024:

Auterion Government Solutions Revolutionizes How Combat Forces Leverage Information During Multi-Drone Operations

Retrieved on:

Tuesday, February 6, 2024

Partnership, Robotics, Defense Innovation Unit, DIU, STR

MOORPARK, Calif., Feb. 6, 2024 /PRNewswire-PRWeb/ -- Auterion Government Solutions, the company that enables the rapid innovation, deployment and evolution of robotics capabilities through the power, flexibility and interoperability of open architecture software, is working with DIU to revolutionize how combat forces harness the wealth of information gained from drones within the operating environment. Known as collaborative autonomy, this capability allows drone operators to decrease their cognitive load while advancing combat effectiveness.

Key Points:

Known as collaborative autonomy, this capability allows drone operators to decrease their cognitive load while advancing combat effectiveness.
"Collaborative autonomy will redefine the battlefield and provide end-users with real-time situational awareness like they've never had before," said Errol Farr, President of Auterion Government Solutions.
In partnership and under the guidance of the Defense Innovation Unit, Auterion Government Solutions is actively shaping the future of multi-drone operations through strategic partnerships with industry leaders, including Skydio and STR.
"Collaborative autonomy will redefine the battlefield and provide end-users with real-time situational awareness like they've never had before," said Errol Farr, President of Auterion Government Solutions.

Choice Hotels Sets the Record Straight on Path to Regulatory Approval of Combination with Wyndham Hotels & Resorts

Retrieved on:

Wednesday, January 10, 2024

Second request, Choice Hotels, STR, STR1, Wyndham Hotels & Resorts, IHG, Commitment, Goldman Sachs, CHH, Marketing, Wells Fargo, FTC, Hotel

NORTH BETHESDA, Md., Jan. 10, 2024 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH) (the "Company" or "Choice"), today issued an investor presentation and infographic disputing the false and misleading antitrust claims made by Wyndham Hotels & Resorts, Inc. (NYSE: WH) ("Wyndham") in connection with Choice's proposal to acquire Wyndham. The presentation has been filed with the U.S. Securities and Exchange Commission and is also available at CreateValueWithChoice.com.

Key Points:

Patrick Pacious, President and Chief Executive Officer of Choice Hotels, said, "We are disappointed Wyndham is pushing this disinformation campaign.
Their take on the antitrust risk on our proposed combination is misleading and further reflects the board's apparent entrenchment.
Wyndham overlooks that Choice and Wyndham account for only 10% of U.S. room revenue.
Choice is proceeding along the expected path of regulatory review: Despite Wyndham's refusal to engage, Choice is making progress on the regulatory process with the U.S. Federal Trade Commission ("FTC").

AirDNA Acquires Uplisting, Setting New Standards in Short-Term Rental Intelligence and Management

Retrieved on:

Tuesday, January 9, 2024

Growth, STR, Automation, Acquisition, Vrbo, Communication, Research, Booking.com, Tourism

DENVER, Jan. 9, 2024 /PRNewswire/ -- AirDNA, a leading short-term rental (STR) data provider, announced today the acquisition of vacation rental software and channel management system Uplisting. This acquisition marks a pivotal leap in AirDNA's mission to provide a comprehensive, one-stop solution for those investing in and operating short-term rental properties.

Key Points:

Starting 2024 on a high note, AirDNA reinforces its vacation rental host offerings, acquiring Uplisting and updating its product suite with game-changing automated dynamic pricing capabilities.
DENVER, Jan. 9, 2024 /PRNewswire/ -- AirDNA , a leading short-term rental (STR) data provider, announced today the acquisition of vacation rental software and channel management system Uplisting .
This acquisition marks a pivotal leap in AirDNA's mission to provide a comprehensive, one-stop solution for those investing in and operating short-term rental properties.
Vincent Breslin, Founder of Uplisting, commented: "Joining forces with AirDNA opens up a realm of possibilities for the vacation rental market.

Opteon Redefines Short-Term Rental Appraisals with Pioneering Product

Retrieved on:

Monday, January 8, 2024

STR, Investment, AMC, STR analysis, QM

TOLEDO, Ohio, Jan. 8, 2024 /PRNewswire/ -- Opteon AMC, a top nationwide appraisal management company (AMC), announced today its pioneering Short-Term Rental Analysis (STRA) product. The first of its kind on the market, Opteon's innovative tool is set to revolutionize how Non-Qualified Mortgage (QM) lenders assess properties for STR investment. It will equip lenders with accurate rental potential, occupancy rate predictions, market trends with comparables, and an expert appraiser analysis.

Key Points:

The first-to-market product sets a new standard in short-term rental appraisals, ensuring ease of use and reliable outcomes for investors.
TOLEDO, Ohio, Jan. 8, 2024 /PRNewswire/ -- Opteon AMC , a top nationwide appraisal management company (AMC), announced today its pioneering Short-Term Rental Analysis (STRA) product.
It will equip lenders with accurate rental potential, occupancy rate predictions, market trends with comparables, and an expert appraiser analysis.
This product will equip lenders with accurate rental potential, occupancy rate predictions, market trends, and more.

IES Holdings Reports Fiscal 2023 Fourth Quarter and Full Year Results

Retrieved on:

Thursday, December 7, 2023

STR, Tax, Annual report, Commercial, Sale, IESC, IES, Growth, Communication, GAAP, Security (finance), Video game

HOUSTON, Dec. 07, 2023 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter and fiscal year ended September 30, 2023.

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HOUSTON, Dec. 07, 2023 (GLOBE NEWSWIRE) -- IES Holdings, Inc. (or “IES” or the “Company”) (NASDAQ: IESC) today announced financial results for the quarter and fiscal year ended September 30, 2023.
Revenue of $649 million for the fourth quarter of fiscal 2023, an increase of 5% compared with $617 million for the same quarter of fiscal 2022
Operating income of $53.2 million for the fourth quarter of fiscal 2023, an increase of 112% compared with $25.0 million for the same quarter of fiscal 2022
Net income attributable to IES of $37.8 million for the fourth quarter of fiscal 2023, an increase of 133% compared with $16.2 million for the same quarter of fiscal 2022, and diluted earnings per share attributable to common stockholders of $1.66 for the fourth quarter of fiscal 2023, compared with $0.72 for the same quarter of fiscal 2022
Adjusted net income attributable to IES (a non-GAAP financial measure, as defined below) of $39.5 million for the fourth quarter of fiscal 2023, an increase of 89% compared with $20.9 million for the same quarter of fiscal 2022, and diluted adjusted earnings per share attributable to common stockholders of $1.74 for the fourth quarter of fiscal 2023, compared with $0.95 for the same quarter of fiscal 2022
Remaining performance obligations, a GAAP measure of future revenue to be recognized from current contracts with customers, of approximately $1.1 billion as of September 30, 2023
Backlog (a non-GAAP financial measure, as defined below) of approximately $1.6 billion as of September 30, 2023
Revenue of $2.4 billion for fiscal 2023, an increase of 10% compared with $2.2 billion for fiscal 2022
Operating income of $159.8 million for fiscal 2023, an increase of 185% compared with $56.0 million for fiscal 2022
Net income attributable to IES of $108.3 million for fiscal 2023, an increase of 212% compared with $34.8 million for fiscal 2022, and diluted earnings per share attributable to common stockholders of $4.54 for fiscal 2023, compared with $1.44 for fiscal 2022
Adjusted net income attributable to IES of $111.9 million for fiscal 2023, an increase of 154% compared with $44.1 million for fiscal 2022, and diluted adjusted earnings per share attributable to common stockholders of $4.71 for fiscal 2023 compared with $1.88 for fiscal 2022
“Looking back on fiscal 2023, we are pleased with our revenue growth, margin improvements, and the continued strength of all of our businesses" said Jeff Gendell, Chairman and Chief Executive Officer.
The segment's operating income increased to $51.5 million for fiscal 2023, compared with $22.1 million for fiscal 2022, as we benefited from improved project execution.
Results for fiscal 2023 included a $13.0 million pretax gain from the sale of our former STR Mechanical business in the first quarter of fiscal 2023.

Apple Hospitality REIT Acquires the SpringHill Suites by Marriott Las Vegas Convention Center

Retrieved on:

Thursday, December 28, 2023

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center (the “Hotel”) for approximately $75 million, or $251,000 per key.

Key Points:

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the acquisition of the 299-room SpringHill Suites by Marriott Las Vegas Convention Center (the “Hotel”) for approximately $75 million, or $251,000 per key.
“In addition to robust leisure demand, the Hotel benefits from its proximity to the newly expanded Las Vegas Convention Center, one of the largest and busiest convention centers in the world, and its own indoor/outdoor function space.
With a strong recovery in overall demand, positive supply dynamics, the recent development and expansion of large-scale entertainment and convention venues, and the upcoming Super Bowl LVIII, we expect performance for Las Vegas and for this Hotel to continue to strengthen.”
The SpringHill Suites Las Vegas Convention center opened in October 2009 and is located at 2989 Paradise Road, Las Vegas, Nevada.
Following the acquisition of the SpringHill Suites Las Vegas Convention Center, the Apple Hospitality hotel portfolio includes 225 hotels with 29,900 guest rooms geographically diversified throughout 38 states.

AirDNA 2024 Outlook Report: New Equilibrium in U.S. Short-Term Rental Performance

Retrieved on:

Tuesday, December 19, 2023

STR, Growth, SVP, Forecasting

DENVER, Dec. 19, 2023 /PRNewswire/ -- AirDNA, the leading provider of short-term rental (STR) analytics, today released its 2024 outlook report , forecasting measured growth for the U.S. STR industry in the coming year.

Key Points:

DENVER, Dec. 19, 2023 /PRNewswire/ -- AirDNA, the leading provider of short-term rental (STR) analytics, today released its 2024 outlook report , forecasting measured growth for the U.S. STR industry in the coming year.
Demand is projected to rise by 10.7% year-over-year, surpassing the 6.7% increase in 2023, supported by a stable economic backdrop.
"Heading into 2024, the industry is set for balanced growth with slower supply expansion, anticipated at 10.9%," commented Jamie Lane, SVP of Analytics at AirDNA.
"This equilibrium is a sign of the market's maturity and resilience in adapting to various economic conditions."

Expanded STR Detection Capability Enables Variantyx to Diagnose Additional Genetic Disorders

Retrieved on:

Thursday, November 30, 2023

Variantyx, a leader in genomic precision medicine, today announced that the set of short tandem repeat (STR) expansions detected by its Genomic Unity® line of whole genome-based tests has been expanded.

Key Points:

Variantyx, a leader in genomic precision medicine, today announced that the set of short tandem repeat (STR) expansions detected by its Genomic Unity® line of whole genome-based tests has been expanded.
“Short tandem repeat gene analysis and interpretation has always been challenging in clinical diagnostics,” said Christine Stanley, PhD, FACMG, Chief Director of Clinical Genomics at Variantyx.
“Because the entire genome is sequenced, Genomic Unity® testing has the ability to detect a broader range of STRs from a single sample compared to targeted technologies utilized by other laboratories.
The additional detection capabilities are automatically included in all Genomic Unity® comprehensive analyses and relevant targeted analyses.

Apple Hospitality REIT Completes Acquisition of Embassy Suites by Hilton South Jordan Salt Lake City

Retrieved on:

Wednesday, November 22, 2023

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it has completed the acquisition of the 192-room Embassy Suites by Hilton South Jordan Salt Lake City (the “Hotel”) for approximately $36.8 million, or $191,000 per key.

Key Points:

Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced that it has completed the acquisition of the 192-room Embassy Suites by Hilton South Jordan Salt Lake City (the “Hotel”) for approximately $36.8 million, or $191,000 per key.
“We are pleased to expand our portfolio with the acquisition of this ideally located Embassy Suites by Hilton in South Jordan,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality.
We have two additional hotels under contract for purchase and continue to underwrite numerous opportunities.”
The Embassy Suites South Jordan Salt Lake City opened in March 2018 and is located at 10333 South Jordan Gateway, South Jordan, Utah.
Following the acquisition of the Embassy Suites South Jordan Salt Lake City, the Apple Hospitality hotel portfolio includes 224 hotels with 29,601 guest rooms geographically diversified throughout 37 states.