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AHIP REIT Acquires 18 U.S. Hotels in the Northeast

AHIP REIT Acquires 18 U.S. Hotels in the Northeast

VANCOUVER, B.C.–American Hotel Income Properties REIT LP (AHIP) announced that it has completed the $407.4 million acquisition of 18 branded Marriott and Hilton hotels with a total of 2,187 guestrooms. The targeted portfolio of hotels is concentrated in the Northeastern U.S. and ...

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U.S. Mayors On Regulating Short-Term Rentals

U.S. Mayors On Regulating Short-Term Rentals

During the U.S. Conference of Mayors, which took place from June 23-26 in Miami Beach, a bi-partisan group of mayors from around the country agreed that short-term rental sites should be regulated by local governments. Mayor Susan Haynie, Boca Raton, ...

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HFTP Kicks Off 45th Annual HITEC Show in Toronto

Yesterday, hospitality technology professionals converged at the Metro Toronto Convention Center for the start of HFTP’s 45th annual HITEC Show. The first day saw a flurry of activity as the convention’s more than 350 exhibitors set up their booths and ...

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Extended-Stay Hotels Are In Demand

Despite a boom in supply, extended-stay hotels are performing positively as demand remains high. Data from STR shows that even though supply across the U.S. was up more than 6 percent year-over-year in April, occupancies did not decline. Read more ...

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Global Hotel Pipeline Shows Steady Increase

Global Hotel Pipeline Shows Steady Increase

PORTSMOUTH, NH—Lodging Econometrics’ (LE) Global Construction Pipeline Trend Report shows that in the first quarter of 2017, the total pipeline ended with 11,904 projects and nearly 2 million rooms, up 6 percent by projects year-over-year (YOY). The number of projects under construction globally was 5,496 ...

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