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U.S. Hotels Take Steps Toward Energy Efficiency

American hotels long avoided energy-saving practices. But now that the American public has become more environmentally conscious, hoteliers are changing their ways. In 2014, more than 75 percent of hotels surveyed by AH&LA had switched to LED lighting, up from ...

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SBE to Acquire Morgans for $794 Million

What a difference a few months make. Last November, merger discussions between Morgans Hotel Group and SBE Entertainment Group collapsed. But just yesterday it was announced that Morgans Hotel Group agreed to be purchased by Sam Nazarian’s SBE for $2.25 a ...

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Hotel Sale Prices Down in Q1, Expected to Rebound

According to analysts at Lodging Econometrics (LE), through March of this year there were 186 hotel transactions where selling prices were reported into the public domain for an Average Selling Price Per Room (ASPR) of $148,918, a 7 percent decline ...

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Turning Ordinary into Extraordinary

Marcus Hotels & Resorts is a leading national hotel management company that delivers custom, creative solutions and proven financial results for owners and investors. We create extraordinary guest experiences with award winning service, and have teams with extensive industry experience ...

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Marriott Details Starwood Deal to Shareholders

At Marriott International’s annual shareholders meeting on May 6, openly broadcast to the public, CEO Arne Sorenson updated shareholders and listeners about the highly talked-about Starwood deal. He said that the transaction still needs to clear regulatory hurdles, is expected ...

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Ashford Hospitality Prime Reports Q1 Growth

In line with the performance of the broader hotel industry, Ashford Hospitality Prime reported 2.1 percent RevPAR growth for Q1. Despite facing a relatively tough year-over-year comparison, Prime generated strong adjusted EBITDA and adjusted funds from operations per share growth ...

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