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Extended-Stay Occupancy Rises Despite New Supply

For the past four quarters, demand grew faster than supply for extended-stay hotels in the United States. Continuing that trend, extended-stay occupancy reached one of its highest second-quarter levels in 17 years, according to The Highland Group’s 2018 Mid-Year Extended-Stay ...

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IHT Sells its Subsidiary, IBC Hotels, to OBASA Capital Investments

PHOENIX—On August 15, 2018, InnSuites Hospitality Trust, through InnSuites Hotels, Inc., entered into an agreement to sell its wholly-owned subsidiary, IBC Hotels to a wholly-owned subsidiary of OBASA Capital Investments, Inc., an independent third-party purchaser. The sale was completed, with ...

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This Week’s Comings and Goings | Aug. 9, 2018

Jackie Lee will assist in growing a portfolio of properties as vice president of hotel investments for The Dow Hotel Company (DHC). Before DHC, Lee worked in a handful of different positions for Interstate Hotels & Resorts, where she strategically ...

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Top Franchise Companies and Brands in the U.S. Construction Pipeline

PORTSMOUTH, N.H.—Analysts at Lodging Econometrics (LE) recently reported that in the second quarter of 2018, the top franchise companies with the largest construction pipelines are Marriott International with 1,351 projects/177,743 rooms, Hilton Worldwide with 1,327 projects/147,728 rooms, and InterContinental Hotels ...

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This Week’s Comings and Goings | August 2, 2018

Timothy Ford has been appointed president of Lodging Econometrics and New England Hotel Realty. Ford was most recently executive vice president of the same companies. In his new role, Ford will be responsible for creating new business partnerships, incorporating the ...

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This Week’s Comings and Goings | July 26, 2018

Amanda Elder has been promoted to chief commercial officer of Kempinski Hotels, where she will be responsible for business development. Prior to her new position, Elder served as vice president of sales and marketing for the China region and senior vice ...

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