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Hotel Company Q1 Profit Soars 460%, Shares Up 11%
A U.S. hotel company posted a 460% jump in first quarter profit in 2026. Its stock price increased 11% across two trading days following the announcement.
Japan Opens Hoshinoya Nara Prison Hotel in Former 118-Year-Old Prison
The former Nara Prison, built in 1908 and designated a cultural property in 2017, reopened as the Hoshinoya Nara Prison Hotel in June 2026. The 25-acre complex retains original prison architecture and includes the Nara Prison Museum.
Jinmao Group Resumes Independent Hotel Operation from August 2026
Jinmao Group will assume independent management of its hotel business from August 2026, ending its partnership with Hyatt. The Hyatt Regency Chongming Shanghai Jinmao has been renamed Shanghai Chongming Jinmao Yiyin Hotel under Jinmao’s sole operation.