Skip to content

Search

Latest Stories

Goodnough is Stonebridge's SVP of sales & strategy

He was previously SVP of sales and marketing at HRI Hospitality

Chad Goodnough at Stonebridge Cos office, new SVP of sales for 2025 growth strategies

Chad Goodnough is now senior vice president of sales, strategy and innovation at Stonebridge Cos., overseeing sales strategies to drive revenue, market share and RevPAR growth.

Who’s Chad Goodnough, Stonebridge’s New SVP in 2025?

Chad Goodnough is now senior vice president of sales, strategy, and innovation at Stonebridge Cos. In this role, he will drive revenue, market share and RevPAR growth for Stonebridge’s portfolio through sales strategies.

He joins from HRI Hospitality, where he was senior vice president of sales and marketing, Stonebridge said in a statement.


“Chad’s expertise in the hospitality industry and ability to drive results in competitive markets make him a strong fit,” said Rob Smith, Stonebridge’s CEO and president. “We are excited to welcome him and look forward to the strategies he will bring.”

Goodnough, who previously held senior leadership roles at Remington Hospitality, Aimbridge Hospitality and Wyndham Hotels & Resorts, will lead strategic initiatives to drive growth and strengthen Stonebridge’s market position, the company said.

Denver-based Stonebridge, founded by Chairman Navin Dimond, is led by Smith.

Goodnough said he is excited to join Stonebridge and contribute to its success.

“I look forward to leveraging my experience to implement sales and marketing strategies that deliver measurable results and elevate the company’s portfolio performance,” he said.

"Working alongside Stonebridge’s revenue management and digital strategy teams—who optimize distribution, channel, and pricing strategies to attract guests—Chad will ensure our sales teams reach untapped customers by leveraging market intelligence tools and business development strategies to drive our high-touch local sales efforts," said Chris Cheney, senior vice president, commercial services.

In January, Stonebridge named Lee Palaschak executive vice president of operations, overseeing company operations from a new office in Dallas.

More for you

Peachtree Group loan
Photo credit: Peachtree Group

Peachtree backs $42M loan for AFC deal

Summary:

  • Peachtree provided a $42 million floating-rate loan to Banyan Street Capital for the acquisition and repositioning of Atlanta Financial Center in Buckhead.
  • The deal delivers capital at a reset basis, with comps pricing 98 percent higher, reflecting strong collateral and execution.
  • It recently launched a $250 million fund to invest in hotel and commercial assets mispriced from market illiquidity.

PEACHTREE GROUP PROVIDED its first mortgage loan to Banyan Street Capital for the acquisition and repositioning of the 914,774-square-foot Atlanta Financial Center in Buckhead, Georgia. Peachtree said the office sector is at an inflection point, similar to the retail segment previously.

Keep ReadingShow less
Wyndham & Grubhub Offer Free Delivery to Guests & Staff

Wyndham, Grubhub offer free delivery to guests, staff

Summary:

  • Wyndham Hotels & Resorts is partnering with Grubhub to offer free product delivery to guests and staff at nearly 6,000 U.S. hotels across 20 brands.
  • A Grubhub account is required to activate the complimentary Grubhub+ membership; no credit card is needed and the membership does not auto-renew.
  • Wyndham recently deployed Elavon’s cloud payments interface to more than 6,000 U.S. and Canadian franchisees.

WYNDHAM HOTELS & RESORTS and Grubhub, an online ordering and delivery platform, will offer item delivery to guests and staff with no delivery fees and other benefits. The service is available at nearly 6,000 U.S. hotels across 20 brands, with orders placed through the Grubhub app on-site or by scanning a hotel QR code.

Keep ReadingShow less
U.S. Hotel Construction Hits 20-Quarter Low in June

CoStar: Hotel construction drops in June

Summary:

  • U.S. hotel rooms under construction fell year over year for the sixth straight month in June, hitting a 20-quarter low, CoStar reported.
  • About 138,922 rooms were under construction, down 11.9 percent from June 2024; the luxury segment had 6,443 rooms, up 4.1 percent year over year.
  • Lodging Econometrics recently said Dallas led all U.S. markets in hotel construction pipelines at the end of the first quarter, with 203 projects and 24,496 rooms.

THE NUMBER OF U.S. hotel rooms under construction declined year over year for the sixth straight month in June, reaching a 20-quarter low, according to CoStar. Additionally, more than half of all rooms under development are in the South, mostly outside the top 25 markets.

Keep ReadingShow less
G6 Hospitality Launches 24/7 Guest Support From August 1
Photo credit: G6 Hospitality

G6 launching 24x7 guest support on Aug. 1

Summary:

  • G6 Hospitality will launch 24x7 guest support on Aug. 1, expanding the current 18-hour window.
  • Escalations from phone, email and social media will be handled promptly by trained staff.
  • The service supports G6’s tech and service investments, including the AI-powered My6 app.

G6 HOSPITALITY, PARENT of Motel 6 and Studio 6, will launch a 24x7 customer support service for guests starting Aug. 1. The service extends the previous 18-hour window to full-day availability via phone, email and social media.

Keep ReadingShow less
U.S. travelers using mobile devices to book independent boutique hotel stays with personalized offers and smart tech in 2025

Study: Personalization boosts independent hotel bookings

Summary:

  • Around 95 percent of U.S. travelers are more likely to book independent hotels with personalized offers, according to TakeUp.
  • 59 percent plan more travel in 2025, with 78 percent favoring weekend getaways and 65 percent domestic trips.
  • Top booking deterrents are few reviews at 39 percent, unclear cleanliness or quality at 38 percent and inflexible cancellations at 29 percent.

PERSONALIZED OFFERS BASED on interests would make 95 percent of U.S. travelers more likely to book at an independent hotel, according to TakeUp, a revenue management platform for independent hotels. About 85 percent are open to technologies such as smart check-in, recommendations and AI-based pricing.

Keep ReadingShow less