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Fitch: U.S. Lodging Up Cycle Shows Continued Strength

Fitch: U.S. Lodging Up Cycle Shows Continued Strength

The year-over-year change in U.S. revenue per available room (RevPAR) has been positive for 53 sequential months through January 2015, according to Fitch Ratings. This represents less than half of the duration of the 112-month recovery that began in the ...

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Johnny So Appointed Managing Director of Watergate Hotel

Johnny So Appointed Managing Director of Watergate Hotel

Washington, D.C.—International real estate developer Euro Capital Properties has appointed Johnny So as managing director of The Watergate Hotel, which will once again open its doors in summer 2015 following an extensive $125 million renovation. A seasoned hospitality professional, So ...

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Bob Habeeb Named First Hospitality Group CEO

Bob Habeeb Named First Hospitality Group CEO

ROSEMONT, Ill.—Rosemont, Ill.-based First Hospitality Group, Inc. (FHG) announced today that President and COO Bob Habeeb will be named the company’s next CEO. Founder, chairman, and current CEO of First Hospitality Group, Inc. Stephen L. Schwartz made the announcement. As ...

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Marriott International Sells Miami Beach EDITION Hotel

Marriott International Sells Miami Beach EDITION Hotel

BETHESDA, Md.—Marriott International, Inc. announced it has sold The Miami Beach EDITION hotel for cash proceeds of $230 million. The sale is the second in a series of three anticipated sales of Marriott-owned EDITION hotels to companies ultimately owned by ...

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Big Hotel Companies Recap 2014 Performance

Big Hotel Companies Recap 2014 Performance

This was a big week for the brands with Marriott International, Hyatt Hotels, Hilton Worldwide, Starwood Hotels & Resorts Worldwide, and InterContinental Hotels Group reporting 2014 earnings and Starwood’s Frits van Paasschen stepping down from his position as president and ...

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