U.S. Hotel Industry Reached 83.2 Percent of Pre-Pandemic RevPAR in 2021
HENDERSONVILLE, Tennessee—With improved performance as 2021 progressed, the U.S. hotel industry reported total-year revenue per available room (RevPAR) that was 83.2 percent of the...
President and CEO Ken Greene Will Leave AAHOA in February
ATLANTA—AAHOA announced that President and CEO Ken Greene will leave the organization in February to pursue another opportunity. The AAHOA Board of Directors will...
Los Angeles Hotel Rates to Reach Second-Highest Super Bowl Level
BROOMFIELD, Colorado—Hotel average daily rate (ADR) and revenue per available room (RevPAR) in the Los Angeles market are projected to reach the second-highest levels...
NewcrestImage Becomes a Minority Shareholder in Aimbridge Hospitality
DALLAS, Texas — NewcrestImage, a hotel development company based in Dallas, announced it will transfer its existing hotel management agreement rights to Aimbridge Hospitality,...
Red Roof Surpasses 60,000 Guestrooms and Outperforms 2019 Levels
COLUMBUS, Ohio—Red Roof has surpassed 60,000 guestrooms across the United States. Red Roof’s growth in 2021 outperformed 2019 results, which was the best performance...
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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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