Red Lion Appoints John Russell as Interim CEO
DENVER — Red Lion Hotels Corporation today announced industry veteran John Russell has been appointed interim CEO. In November, the company announced that its...
Checking in With Arzu Molubhoy of Atlantic Hotels Group
Though hospitality was a family business, Arzu Molubhoy wanted to be a rebel after graduating from Cornell University’s School of Hotel Administration. She initially...
Are Luxury Hotels Worth the Cost?
Despite the relatively high cost of construction and complexity of operations, developers are still attracted to owning and managing luxury hotels. As of August...
Extended Stay America Names Bruce Haase as CEO
CHARLOTTE, N.C. — Extended Stay America, Inc. and its paired-share REIT, ESH Hospitality, Inc., the largest mid-priced extended-stay hotel brand, today announced the appointment...
Checking in With AAHOA’s New CEO, Cecil Staton
This past Monday marked Cecil Staton’s first day as the new CEO of the Asian American Hotel Owners Association (AAHOA). The former legislator, educator,...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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