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Study Reveals CEO Turnover Rates

AETHOS Consulting Group has released the findings its 2015 Hotel CEO Turnover Study, revealing that 2014 experienced the lowest turnover rate since 2004. According to the report, the low turnover rate is the result of companies settling into a better ...

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Tech Mogul Drops $71.6 Million on Palo Alto Hotel

Larry Ellison, co-founder of Oracle Corp., has purchased a California hotel for $71.6 million–roughly $832,500 per room, according to Silicon Valley Business Journal. The Epiphany Hotel, located in downtown Palo Alto, has 86 rooms. This buy is the latest in ...

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RAR Hospitality Acquires Holiday Inn Express Tempe

RAR Hospitality Acquires Holiday Inn Express Tempe

TEMPE, Ariz.—In partnership with PacVentures, San Diego-based RAR Hospitality has acquired The InterContinental Hotels Group (IHG)-affiliated Holiday Inn Express & Suites Tempe, marking their third joint venture into Arizona’s burgeoning hospitality market. Located adjacent to Arizona Mills Mall, which recently ...

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Hyatt Regency Lake Washington Coming in 2017

Hyatt Regency Lake Washington Coming in 2017

CHICAGO—Hyatt Hotels Corporation announced today that a Hyatt affiliate entered into a management agreement with SECO Development for a Hyatt Regency hotel in Renton, Washington. Hyatt Regency Lake Washington at Seattle’s Southport is currently under construction and is expected to ...

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Edgewater Bar & Grille Debuts Following Renovation

Edgewater Bar & Grille Debuts Following Renovation

CHARLOTTE, N.C.—Edgewater Bar & Grille, formerly known as Lakefront Restaurant, is the latest establishment to join Charlotte’s dining scene. After undergoing an extensive renovation, the re-imagined restaurant, located at the Hilton Charlotte University Place, will officially reopen for business on ...

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Castlewood, Début Hotel Group Partner to Develop Dream Hotels

Castlewood, Début Hotel Group Partner to Develop Dream Hotels

NEW YORK—Singapore’s Castlewood Group today announced a strategic partnership with Début Hotel Group, a part of Hampshire Hotels Management, for the development and operation of the upper-upscale, lifestyle Dream Hotels brand throughout Asia as part of its expansion strategy. Castlewood ...

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