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Total U.S. Hotel Investment Tops $30 Billion

Total U.S. Hotel Investment Tops $30 Billion

In 2014, total investment in the U.S. lodging industry was an estimated $30.8 billion, reports Lodging Econometrics. Of the 1,292 hotels that were transacted, 935 reported a selling price into the public domain. The average selling price per room for ...

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Marriott International to Offer Apple Pay

Marriott International to Offer Apple Pay

BETHESDA, Md.—Marriott International, Inc. has announced it will launch Apple Pay payment service. This represents the latest step in Marriott’s creation of a complete mobile-powered travel experience. The phased introduction this summer in the U.S. will include brands in popular ...

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AJ Capital Partners Acquires Doubletree Richmond Downtown

AJ Capital Partners Acquires Doubletree Richmond Downtown

RICHMOND, Va.—AJ Capital Partners has announced that it has acquired the former Doubletree by Hilton Hotel Richmond Downtown in Richmond, Virginia. The property will be closed to facilitate a comprehensive renovation and will open as the Graduate Richmond in early ...

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Embassy Row Hotel to Open Station Kitchen & Cocktails

Embassy Row Hotel to Open Station Kitchen & Cocktails

Washington, D.C.—Relaunching March 18 following a $15 million top-to-bottom overhaul, the new Embassy Row Hotel, a Destination Hotel, will introduce a new dining program to the District. The entire program is in the hands of Peter Kloiber. At the cornerstone ...

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