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Auction.com Report Shows Steady Gains for Hotel Sector

Auction.com Report Shows Steady Gains for Hotel Sector

Increases in occupancy and room rates are sustaining healthy revenue per available room (RevPAR) in the hospitality industry even as expansion shifts into a lower gear, according to Auction.com’s Q2 2015 Hotel Monitor report. The online real estate marketplace company ...

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Landmark Hotel in New Orleans Debuts After Major Renovation

Landmark Hotel in New Orleans Debuts After Major Renovation

METAIRIE, La.—Nearly 10 years after Hurricane Katrina devastated the Louisiana Coast, Al Copeland Investments breathes new life into Jefferson Parish with the $16.4 million renovation and unveiling of Copeland Tower, home of the newly converted Best Western Plus Landmark Hotel ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

Xenia Hotels & Resorts, the Orlando-based lodging arm for Inland American Real Estate Investment Trust, announced on Aug. 11 that it has agreed to acquire the Hotel Commonwealth in Boston’s Kenmore Square neighborhood for $136 million. The transaction is expected ...

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