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Lotte Group Offices Raided by Prosecutors

The offices of Lotte Group, the country’s fifth-largest conglomerate, were raided by South Korean prosecutors on Friday, along with several affiliates. The raid is dealing a further blow to its hotel unit’s planned IPO, billed as the world’s biggest this ...

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New York, Houston Feature Robust Hotel Pipelines

Lodging Econometrics reports that the five U.S. markets with the largest hotel construction pipelines by project count are New York with 187 projects, Houston with 169, Dallas with 128, Los Angeles with 94 and, new to the top five, Nashville ...

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Upper Midscale Hotel Projects Dominate Pipeline

Analysts at Lodging Econometrics report that there are 2,026 upper midscale projects in the U.S. hotel construction pipeline, the highest count of any chain scale and representing 45 percent of total pipeline projects. The leading upper midscale brands are Holiday ...

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Co-Living May Be the Next Trend in Hospitality

Co-living—or living with a group of unrelated people—is gaining popularity in the United States as millennials seeking out interpersonal connections are finding each other in shared living spaces. As co-living becomes a movement, experts are predicting that the model will eventually ...

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Jonathan Tisch Recognized at NYU Conference

New York University’s school of hospitality will be renamed the Jonathan M. Tisch Center for Hospitality and Tourism, the university announced yesterday during the NYU Hospitality Industry Investment Conference. Tisch was also awarded with the inaugural Jonathan Tisch Award for ...

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