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Low Levels of New Supply Boost U.S. Lodging

Low Levels of New Supply Boost U.S. Lodging

CHICAGO—Fundamentals across the U.S. lodging sector remain unusually strong in the context of a cycle that turned 59 in July, based on consecutive months of positive TTM RevPAR, according to Fitch Ratings. TTM RevPAR was up 8 percent at the ...

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HMC Opens Wyndham Garden in Lafayette

HMC Opens Wyndham Garden in Lafayette

DALLAS—Leo Spriggs, president and chief executive officer of Hospitality Management Corporation (HMC) has announced the opening of this newly branded and fully renovated 290-room Wyndham Garden hotel in Lafayette, La. near Lafayette Regional Airport. The property offers a complimentary shuttle ...

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Rambleside Offers $507 Million to Morgans Hotel Group

Rambleside Holdings, a real estate investment firm, has offered to buy two hotels owned by Morgans Hotel Group for $507 million. Morgans is currently in talks to merge with SBE Entertainment Group, according to The Wall Street Journal. Rambleside, which ...

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Gemini Real Estate Files for Bankruptcy

Gemini Real Estate Advisors has filed a Chapter 11 reorganization petition with the US Bankruptcy Court for four of its investments, according to GlobeSt.com. Its assets are the Jade Hotel Greenwich Village, Wyndham Garden, Best Western Seaport, and the Bryant ...

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Sand Hotels Pop Up in Netherlands

Sand Hotels Pop Up in Netherlands

Two pop-up hotels in the Netherlands have been constructed out of sand as part of sand sculpture festivals in Sneek, Friesland and Oss, Brabant. The hotels feature Wi-Fi, running water, windows, and electricity. Inspired by ice hotels, the one room ...

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Navigating the Shifting Online Distribution Landscape

Navigating the Shifting Online Distribution Landscape

Hoteliers addressed the issues they regularly face in navigating the shifting online distribution landscape at the Revenue Strategy Summit in Washington, D.C., in July. Here’s what they had to say: “Our revenue management experience is a lot more collaborative with ...

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