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Stonehill Plans to Open an Office in Los Angeles

Stonehill Plans to Open an Office in Los Angeles

ATLANTA—Stonehill this month announced that it has closed 14 transactions, totaling more than $175 million year-to-date through 2018. The company expects to close on an additional $125 million in deals by year’s end. The transactions include nine bridge loans, two ...

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Litt Group Continues Focus on PIP Renovations

Litt Group Continues Focus on PIP Renovations

Boca Raton, Fla.—The Litt Group, a capital project administration and consulting firm for the hospitality industry, was recently awarded the contract for the renovation of a portfolio of hotels owned by Waramaug Hospitality requiring Property Improvement Plans (PIPs) approved by ...

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Profits Lift for Denver Hotels in August

Profits Lift for Denver Hotels in August

In August, full-service hotels in Denver recorded a 5.7 percent year-on-year uplift in profit per room to $87.73, according to the latest worldwide poll of full-service hotels by HotStats. That number is second only to the GOPPAR recorded in June ...

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Los Angeles Hotels Saw High Occupancy Levels in August

Los Angeles Hotels Saw High Occupancy Levels in August

Hotels in Los Angeles performed well compared to the national average hotel performance in the month of August, led by a peak in the number of passengers handled at Los Angeles International Airport (LAX), according to the latest worldwide poll of full-service ...

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