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Ashford Hospitality Trust Launches Spin-Off REIT

DALLAS—Ashford Hospitality Trust announced that the company’s Board of Directors approved a plan to spin-off an 80 percent ownership interest in an eight-hotel portfolio, totaling 3,146 rooms. Ashford Prime is expected to qualify as a real estate investment trust (REIT) ...

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Take Back Direct Booking

Take Back Direct Booking

Hotels give up a chunk of their revenue to third party intermediaries to drive bookings. These online travel agencies and search engines retain up to 30 percent of the price of the room. Hotels could recapture that revenue by beefing ...

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Aloft Brand Completes Adaptive Reuse Project in Tulsa, Okla.

Aloft Brand Completes Adaptive Reuse Project in Tulsa, Okla.

STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide announced that its Aloft brand has opened the Aloft Tulsa Downtown. The opening marks the successful completion of the Aloft brand’s second adaptive re-use project. The former City Hall was transformed into a 180-room ...

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