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Creative Approaches to Hotel Financing

Creative Approaches to Hotel Financing

Hotel financing is getting easier to come by in today’s recovering economic climate, but that hasn’t stopped many developers from taking creative approaches to funding their projects. “The landscape is radically different than it was at the peak of the ...

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The High Cost of Raising Room Rates

The High Cost of Raising Room Rates

The highlight of the recovery from the recent recession has been the strong rebound in lodging demand. According to Smith Travel Research (STR), occupancy levels at U.S. hotels increased from a low of 54.5 percent in 2009 to 61.4 percent ...

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The Home2 Suites Opens First Property in Pennsylvania

The Home2 Suites Opens First Property in Pennsylvania

MCLEAN, Va.—Home2 Suites by Hilton, the mid-tier, all-suite hotel brand designed for business travelers and extended-stay guests, announced the opening of its 18th U.S. hotel in Pittsburgh/McCandless, Pa. “Pittsburgh’s strong development growth in emerging communities, such as McCandless make this ...

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NewcrestImage Acquiring 25 La Quinta Properties

NewcrestImage Acquiring 25 La Quinta Properties

Dallas-based NewcrestImage is acquiring 25 properties from La Quinta in a deal announced earlier this week. Mehul Patel, managing partner of the development and management firm (and current AAHOA Chair), said in a statement that the properties, which are located ...

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