Home / Author Archives: Lodging Staff (page 490)

Author Archives: Lodging Staff

Feed Subscription

PwC Predicts Another Year of RevPAR Growth

PwC Predicts Another Year of RevPAR Growth

NEW YORK—An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger than previously expected increase in occupancy levels, offset by softer than anticipated growth in ...

Read More »

JW Marriott Washington, D.C. Reveals Suit-Inspired Renovation

JW Marriott Washington, D.C. Reveals Suit-Inspired Renovation

Washington, D.C.—The JW Marriott Washington, D.C., owned by Host Hotels & Resorts, unveiled the multi-million dollar redesign of its 750 guest rooms, corridors, and executive lounge. “Our new room design was inspired by guest feedback,” said Satinder Palta, general manager, ...

Read More »

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Originally built between 1904 and 1908 as The ...

Read More »

Ashford Trust to Acquire Nine-Hotel Portfolio for $224M

Ashford Trust to Acquire Nine-Hotel Portfolio for $224M

Ashford Hospitality Trust has signed a definitive agreement to acquire a nine-hotel portfolio for total consideration of $224 million in cash ($179,000 per key). The company anticipates financing the portfolio with non-recourse debt of approximately $179 million. Upon closing, all ...

Read More »
Scroll To Top
CLOSE
CLOSE