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CWI 2 Acquires San Diego Marriott La Jolla

CWI 2 Acquires San Diego Marriott La Jolla

NEW YORK—Carey Watermark Investors 2 Incorporated (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has acquired San Diego Marriott La Jolla. The hotel includes 372 guestrooms and is ...

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More Details Emerge Regarding Airbnb Suit

In June, Airbnb filed a lawsuit against the city of San Francisco, arguing that the city could not force the home-sharing website to enforce city laws. Since, San Francisco has doubled-down on its proposed ordinances, including that Airbnb hosts must ...

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Key Insights Into Franchise Fees

The median franchise cost of a traditional hotel franchise is 11.7 percent of rooms revenue, according to the latest U.S. Hotel Franchise Fee Guide from HVS. The guide also found that extended-stay brands incur lower franchise fees than the industry ...

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European Searches for U.S. Hotels Drop

In the aftermath of the Brexit vote, U.K. interest in booking a U.S. hotel decreased 53 percent during the week of June 27—one week after the vote—compared to the same period in 2015. Interest recovered slightly during the weeks of ...

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Waldorf Astoria Chicago Adds Meeting, Event Space

Waldorf Astoria Chicago Adds Meeting, Event Space

CHICAGO—Waldorf Astoria Chicago has announced the redesign and addition of 7,914 square feet of stunning meeting and event space on the hotel’s third floor. Included in the renovation are four new venues: Hawthorne, Alcott, and Thoreau meeting rooms, along with ...

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