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Fitch: U.S. Lodging Still in a Good Place

Fitch: U.S. Lodging Still in a Good Place

Accelerating U.S. GDP growth and low levels of new supply set the table for strong U.S. lodging industry fundamentals during 2015, according to Fitch Ratings. Robust demand has boosted occupancy rates, providing hotels with material pricing power. Fitch expects U.S. ...

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Starwood Capital Group Launches 1 Hotels Brand

Starwood Capital Group Launches 1 Hotels Brand

Starwood Capital Group has launched a new luxury lifestyle brand, 1 Hotels. The first property debuted in South Beach on March 25 and will be followed by Central Park in late spring and Brooklyn Bridge Park at the end of ...

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Baha Mar Delays Opening

Baha Mar Delays Opening

Baha Mar, the $3.5 billion, 2,200-room megaresort in Nassau, Bahamas, will not begin its phased launch on March 27 as planned, according to Travel Pulse. The opening has been pushed back to early May. Officials blamed the latest delay on ...

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La Quinta Announces Secondary Offering

La Quinta Announces Secondary Offering

La Quinta Holdings announced that certain selling stockholders affiliated with The Blackstone Group have commenced a secondary offering of 17,500,000 shares of La Quinta common stock. According to a news release, the underwriters will have a 30-day option to purchase ...

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Equity Funds Invest $7.4 Billion in 2014

Equity Funds Invest $7.4 Billion in 2014

In 2014, investment totaled $22 billion in the United States for hotels with a reported selling price, according to Lodging Econometrics. Equity funds were the most active investors, adding $7.4 billion in hotels, most of which were portfolio purchases. Publicly ...

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