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Kohlberg Acquires Interstate Hotels & Resorts

Kohlberg Acquires Interstate Hotels & Resorts

ARLINGTON, Va. and NEW YORK—Kohlberg & Company, a private equity firm headquartered in New York, has acquired Interstate Hotels & Resorts from Thayer Lodging and Jin Jiang International Hotels. The transaction provides Interstate with a new strategic partner and positions ...

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HVS’s Bill Sipple Dies

Bill Sipple, executive managing director of HVS Capital Corp., died on April 24. A graduate of the School of Hotel Administration at Cornell University, Sipple held previous positions with Ramada, Starwood, and Carlson before becoming executive managing director at HVS ...

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Online, Mobile Bookings Strengthen Hotel Performance

Online, Mobile Bookings Strengthen Hotel Performance

NEW YORK—Hotel industry performance is strengthening, with Q1 2016 revenue per available room (RevPAR) increasing 1 percent year-over-year, fueled by online and mobile bookings. According to data from TravelClick’s North American Distribution Review (NADR), bookings through online travel agents (OTAs), ...

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Hyatt Looks to Make More Deals

Following reports of the company’s Q1 earnings, it’s become apparent that Hyatt Hotel Corp is eager to continue its dealings in the hotel transaction market. According to Hyatt’s CEO Mark Hoplamazian, the company is more interested in “asset recycling” than ...

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Accommodations Sector Loses 1,200 Jobs in April

U.S. private-sector franchise jobs increased by 14,100 during the month of April, according to the ADP National Franchise Report. The restaurant segment drove franchise employment growth, adding 17,700 jobs, whereas the accommodations sector lost 1,200 jobs. In addition, private sector ...

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IHG Introduces Direct-Booking Incentive

IHG Introduces Direct-Booking Incentive

InterContinental Hotels Group has announced the global roll out of Your Rate by IHG Rewards Club, an exclusive rate offered to IHG Rewards Club members when they book direct. It is part of the ongoing evolution of IHG Rewards Club, ...

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