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May Franchise Employment Rises from April

Although franchise employment growth was up one-third compared to April, the numbers were still below the average 27,000 jobs that have been added each month over the last year. According to the ADP National Franchise Report, 19,400 franchise jobs were ...

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Hotel Room Supply Could Increase Loan Risk

Burgeoning hotel room supply could increase risk for the $3.68 billion of CMBS loans backed by Manhattan hotels, according to Morningstar Credit Ratings. Weakening demand could lead to a dip in key performance indicators over the next two years, and, ...

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NYC, Houston Numbers Could Indicate Downturn

Although most hotel markets displayed record-setting profits in 2015, cities like New York and Houston aren’t faring as well. New York contends with a glut of new supply and concern over alternative accommodations, while Houston grapples with plunging oil prices. ...

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HNA Turning Rezidor Hotel Group Into Global Chain

Rezidor’s Chief Executive Officer Wolfgang Neumann says HNA Group, which in April agreed to buy a 51 percent stake in the hotel group, plans to turn the European lodging company into a hotel chain on a global level. It may try ...

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Blackstone Allegedly Planning $1.1 Billion Sale

Blackstone Group is rumored to be selling hotels operated under Hilton Worldwide Holdings’ DoubleTree brand in London, Dublin, and Amsterdam for an estimated $1.1 billion. Blackstone, Hilton’s biggest shareholder, owns about 46 percent of the hospitality company’s shares. To read ...

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Sizing Up the U.S. Pipeline by Brand

At the end of April, the U.S. hotel industry had 407,413 branded guestrooms under contract, representing an 18 percent increase from the 2015 data. Holiday Inn Express claims the top spot with 35,028 rooms, or 8.6 percent of the total ...

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