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Leisure and Group Segments Driving Hotel Performance

Leisure and Group Segments Driving Hotel Performance

NEW YORK—Hotels in major North American markets experienced positive growth in rate and occupancy, according to data from the June 2015 TravelClick North American Hospitality Review (NAHR). “As we move into the peak of the summer season, travelers are making ...

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Marriott and TripAdvisor Form Instant Booking Partnership

Marriott and TripAdvisor Form Instant Booking Partnership

Marriott International and TripAdvisor are expanding their partnership and will add Marriott’s global hotel portfolio to the TripAdvisor Instant Booking platform. Starting later this summer, travelers shopping for hotel rooms on TripAdvisor will be able to make a booking at ...

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Kirk Kerkorian Dies at 98

Kirk Kerkorian, Las Vegas financier who established three of the world’s largest hotel-casinos at the time, died on June 15 after a brief illness. He was 98 years old. Known for building and opening significant modern Las Vegas properties—the original ...

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First Dual-Branded W and Element Hotel to Open in Philadelphia

First Dual-Branded W and Element Hotel to Open in Philadelphia

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. has announced the commencement of construction for its first-ever W and Element dual-branded hotel development, scheduled to open in the heart of downtown Philadelphia in early 2018. The 295-room W Philadelphia and 460-room ...

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ARC to Acquire Noble Portfolio for $300 Million

ARC to Acquire Noble Portfolio for $300 Million

American Realty Capital Hospitality Trust has agreed to acquire a portfolio of 13 hotels for a purchase price of $300 million from affiliates of Noble Investment Group. The Noble portfolio consists of 12 premium-branded select-service and extended-stay hotels and one ...

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