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On the Move: This Week’s Comings & Goings

Fred Grapstein has been elected as the new chairman of the Hotel Association of New York City. Grapstein, executive vice president of Vornado Realty Trust’s Hospitality Group, has been a board member of the Hotel Association for more than five ...

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Mid-Market Brands Led Hotel Sales in 2017

According to the recent U.S. Transaction Trend Report from Lodging Econometrics, major mid-market brands had the highest U.S. hotel sales volume in 2017. The data is based on sales with a price reported into the public domain. The Hilton brands with ...

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Six U.S. Markets with the Most Hotel Sales in 2017

According to analysts at Lodging Econometrics, through the end of 2017, the U.S. markets with the largest number of hotels with selling prices reported into the public domain were: Orlando with 21 hotels and an average selling price per room ...

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Extended-Stay Accounts for 27 Percent of All Hotel Construction

A recent report from Lodging Econometrics shows that 1,370 projects totaling 143,344 rooms in the U.S. hotel construction pipeline are extended-stay projects. Of these, 424 projects/46,551 rooms are under construction, accounting for 27 percent of all hotel projects under construction ...

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Rate of Hotel Openings to Grow 2.5 Percent in 2018 and 2019

PORTSMOUTH, NH—By the end of 2018, the census of open and operating U.S. hotels is expected to grow by 2.5 percent to 1,145 projects/130,209 rooms open, according to published reports from Lodging Econometrics. The largest chain scale—the upper midscale hotel ...

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