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Fitch: As U.S. Hotels Peak, CMBS Wearily Watched

Fitch: As U.S. Hotels Peak, CMBS Wearily Watched

The days of strong RevPAR growth and occupancy rates are over for U.S. hotels, which could impair loan performance for CMBS as interest rates rise, according to the latest video in Fitch Ratings’ Virtual Investor Series. While Fitch maintains a ...

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HVMG Acquires Two Hotels for $50 Million

HVMG Acquires Two Hotels for $50 Million

ATLANTA, Ga.—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, has announced it has formed a joint venture with True North Management Group of White Plains, N.Y., to acquire the 282-room Marriott Century Center in Atlanta, ...

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Facebook Reigns Supreme in Hotel Marketing

The most popular social media platform, Facebook, has become increasingly useful for hoteliers as it evolved over time. The platform has added features such as check-ins, reviews, and call-to-action buttons that allow hotels and booking sites to more actively engage ...

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European Tourism Feels Terrorism Impact

As more U.S. travelers take terror risks into account when making vacation plans, the travel and tourism industry continues to feel the sting. France’s tourist sector alone has lost an estimated $299 million since late 2015, and American summer travel ...

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Tru by Hilton Breaks Ground on Third Property

Tru by Hilton Breaks Ground on Third Property

CHEYENNE, Wyo.—Hilton Worldwide has broken ground on a new Tru by Hilton property located in Cheyenne, Wyo. The celebration marked the third groundbreaking of the company’s Tru by Hilton brand. Demonstrating Tru’s commitment to breaking the mold at every occasion, ...

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Marriott, Starwood Extend Merger Review Period

Marriott, Starwood Extend Merger Review Period

BETHESDA, Md.—Marriott International, Inc. and Starwood Hotels & Resorts Worldwide, Inc. today announced that, at the request of the Chinese Ministry of Commerce, they have agreed to extend the time period for MOFCOM to complete its review of the Marriott-Starwood ...

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