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New Builds Reveal Confidence in Cycle

Despite possibly approaching the peak of the cycle, many owners and developers with new construction projects feel confident their properties will perform well after opening. Even with this optimism, new-build challenges such as higher construction costs, construction delays, and tougher ...

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Nobu Hospitality Breaks Ground in Chicago

Nobu Hospitality Breaks Ground in Chicago

CHICAGO—Nobu Hospitality officially commenced development of the Nobu Hotel in Chicago at a groundbreaking ceremony with partners Chef Nobu Matsuhisa, Academy award-winner Robert De Niro, Hollywood producer Meir Teper, and Australian business tycoon James Packer. Mayor Rahm Emanuel and Alderman ...

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Omni Hotels Says Goodnight to Hunger

Omni Hotels Says Goodnight to Hunger

DALLAS—Just as Omni Hotels & Resorts says ‘goodnight’ to millions of guests every year, the luxury hotel brand will now Say Goodnight to Hunger! Beginning today, for every stay booked directly on the brand’s website, OmniHotels.com, it will make a ...

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U.S. Leads Global Pipeline

According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide pipeline is at 11,196 projects/1.9 million rooms, the highest level LE has ever recorded. The global pipeline is up 5 percent year-over-year (YOY) by projects ...

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