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PwC Predicts Another Year of RevPAR Growth

PwC Predicts Another Year of RevPAR Growth

NEW YORK—An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger than previously expected increase in occupancy levels, offset by softer than anticipated growth in ...

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JW Marriott Washington, D.C. Reveals Suit-Inspired Renovation

JW Marriott Washington, D.C. Reveals Suit-Inspired Renovation

Washington, D.C.—The JW Marriott Washington, D.C., owned by Host Hotels & Resorts, unveiled the multi-million dollar redesign of its 750 guest rooms, corridors, and executive lounge. “Our new room design was inspired by guest feedback,” said Satinder Palta, general manager, ...

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Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Originally built between 1904 and 1908 as The ...

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