Vesta Hospitality Acquires Embassy Suites in Georgia

VANCOUVER, Washington—Vesta Hospitality announced today that it has acquired the Embassy Suites hotel located in Brunswick, Georgia. Rick Takach, Chairman and CEO of Vesta,...

MGM Purchases Borgata Hotel Casino & Spa

LAS VEGAS—MGM Growth Properties and MGM Resorts International completed the transactions for the acquisition of Borgata Hotel Casino & Spa following MGM Resorts' purchase...

Marcus & Millichap Sells $30 Million Portfolio

FARGO, N.D.—Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, has arranged the sale of...
money, hotel sales

Ten-X Closes on $190 Million in Assets in First Quarter

IRVINE AND SILICON VALLEY, CALIF.—Ten-X announces its hospitality division has closed on 50 assets totaling $190 million from January 2016 through May 2016 on...
AccorHotels

sbe Sells 50 Percent Stake to AccorHotels in $319 Million Deal

NEW YORK—sbe Entertainment Group, the owner of hospitality brands including SLS, Delano, Mondrian, Hyde, Katsuya, and Cleo, has closed on the strategic sale of a...
Revenue Management - Accounting Challenges

Rethinking Strategic Revenue Management

The main function of revenue management is to maximize income through operational decision making, primarily around price and inventory control. It has played a...
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New York City

Five Markets With the Most Hotel Construction

Analysts at Lodging Econometrics recently reported the top five markets with the largest hotel construction pipelines for the third quarter of 2018. The number...
data breach

12 Ways to Increase Hotel Security

Even when hotels have strong security policies and procedures in place, they are still vulnerable to cyber attacks, break-ins, theft, fraud, and other crimes....
Kinley Chattanooga

Vision Hospitality Group Adds New Lifestyle Portfolio: Humanist

Chattanooga, Tenn.—Vision Hospitality Group unveiled plans for its newest boutique hospitality brand, Kinley. Kinley will be part of the overarching company’s new Humanist lifestyle...
Hotel Galvez and Spa - A Wyndham Grand Hotel

USA TODAY Names 10 Best Hotel Loyalty Programs for 2018

USA TODAY recently released its 2018 list for the 10 best hotel loyalty programs. To determine the winners of this year's USA TODAY 10Best Readers’ Choice...
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