U.S. Hotel Construction Pipeline Continues Modest Growth
In the third quarter of 2018, the total U.S. hotel construction pipeline reached 5,376 projects and a combined 650,576 rooms—up 7 percent from last...
Hilton Opens Its 1,000th All-Suites Property
Pleasant Hill, Calif.–Hilton's All Suites brands (Embassy Suites, Homewood Suites, and Home2 Suites) this week announced the opening of the category’s 1,000th property, Homewood...
Luxury Hotel Coming To Downtown Asheville: Hotel Arras
Hotel Arras will open as an independent, boutique hotel in Asheville, N.C., in early spring of 2019. Developers John McKibbon of McKibbon Hospitality and Glenn...
Choice’s Quality Inn Brand Opens 1,600th U.S. Hotel
ROCKVILLE, Md.—The Quality Inn brand, one of the largest in the midscale segment and part of Choice Hotels International's portfolio, has reached a milestone...
Clatskanie River Inn Joins the by Magnuson Worldwide Collection
Magnuson Worldwide recently added the Clatskanie River Inn to the new By Magnuson Worldwide Collection. The addition comes after a recent expansion—Magnuson announced in...
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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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