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2014 in Review: Noteworthy Hotel Openings

2014 in Review: Noteworthy Hotel Openings

As 2014 draws to a close, we took some time to reflect on the most exciting hotel openings of the year. With hotel construction picking up speed, new brands eager to debut their first locations, luxury development on the rise, ...

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Jordache Investment Arm Buys Setai Miami Beach

Jordache Investment Arm Buys Setai Miami Beach

MIAMI BEACH, Fla.—Nakash Holdings, the investment company controlled by the founders of Jordache Enterprises of designer jeans fame, has purchased the 130-room Setai Hotel in South Beach, Fla., for nearly $90 million. The hotel’s amenities include three newly renovated infinity ...

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ADR Growth to Bring Strong, Profitable Start to 2015

ADR Growth to Bring Strong, Profitable Start to 2015

NEW YORK—Hotels in major North American markets experienced positive growth in both rate and occupancy across most travel segments according to data from the December 2014 TravelClick North American Hospitality Review (NAHR). With average daily rate (ADR) growth of 4.6 ...

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Marshall Hotels Founder Dies Unexpectedly at 74

Marshall Hotels Founder Dies Unexpectedly at 74

Charles “Chuck” Marshall, founder and chairman emeritus of Marshall Hotels & Resorts, died unexpectedly Dec. 27 at age 74, following complications related to a stroke. Marshall founded the company in 1980 at a time when third-party hotel management was in ...

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