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Hyatt to Acquire The Peabody Orlando

Hyatt to Acquire The Peabody Orlando

CHICAGO—Hyatt Hotels Corporation announced that a wholly owned Hyatt subsidiary plans to purchase the 1,641-room Peabody Orlando hotel for $717 million from UST Hotel Joint Venture, Ltd., comprised of affiliates of Belz Enterprises and Estein and Associates USA, Ltd. The ...

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St. Regis Debuts Largest Hotel Suite in the UAE

St. Regis Debuts Largest Hotel Suite in the UAE

The United Arab Emirates has its fair share of luxury hotels and high-end suites, but the St. Regis Saadiyat Island Resort, Abu Dhabi now claims to have the largest luxury suite in the whole region. Coming in at nearly 22,600 ...

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U.S. Lodging Sector Performance Remains Favorable

U.S. Lodging Sector Performance Remains Favorable

NEW YORK—PwC US anticipates that positive momentum in travel activity will continue to boost revenue per available room (RevPAR) in 2013, despite the recent sluggish pace of economic recovery. An updated lodging forecast released by PwC US shows favorable gains ...

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Dual-Branded Property Breaks Ground in Hillsboro, Oreg.

Dual-Branded Property Breaks Ground in Hillsboro, Oreg.

McLEAN, Va.—Embassy Suites Hotels and Hampton Inn and Suites recently broke ground on a new dual-branded property in Hillsboro, Oreg. Located outside of Portland, the hotels will be built side by side. The full-service, all-suites Embassy Suites will be a ...

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