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Centerbridge to Acquire Great Wolf Resorts

Centerbridge to Acquire Great Wolf Resorts

MADISON, Wis.—Great Wolf Resorts has entered into a definitive agreement and plan of merger with an affiliate of Centerbridge Partners whereby Centerbridge, a private investment firm, will acquire Great Wolf, a family of indoor waterpark resorts. Great Wolf is currently ...

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Virgin Hotels CEO Raul Leal on the Lifestyle Market

Virgin Hotels CEO Raul Leal on the Lifestyle Market

In January, the long-awaited Virgin Hotel Chicago opened its doors in the historic Old Dearborn Bank Building. Plans for the hotel were announced in the fall of 2011, more than a year after the four-star lifestyle brand launched. Now that ...

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Cornell Study Finds Hotel Guests Support Sustainability Efforts

Cornell Study Finds Hotel Guests Support Sustainability Efforts

ITHACA, N.Y.—Certain sustainability practices are nearly universal in the lodging industry, says a Cornell University study published by the Center for Hospitality Research (CHR). Water-conserving fixtures and linen-reuse programs, for instance, are widespread, based on the study of 100 U.S. ...

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La Quinta Announces Secondary Offering

La Quinta Announces Secondary Offering

La Quinta Holdings announced that certain selling stockholders affiliated with The Blackstone Group have commenced a secondary offering of 17,500,000 shares of La Quinta common stock. According to a news release, the underwriters will have a 30-day option to purchase ...

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ADR Projected to Grow in Coming Months

ADR Projected to Grow in Coming Months

NEW YORK—Hotels in major North American markets are continuing to experience growth driven by strong rates, according to data from the March 2015 TravelClick North American Hospitality Review (NAHR). While hotels continue to experience steady growth, group sales have decelerated. ...

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