IAC Invests in MGM Resorts International
LAS VEGAS — MGM Resorts International announced on August 10 that IAC/InterActiveCorp (IAC), the media and technology company founded and led by Barry Diller,...
Baird/STR Hotel Stock Index Dropped 1.7 Percent in July
HENDERSONVILLE, Tenn., and MILWAUKEE — The Baird/STR Hotel Stock Index declined 1.7 percent in July to a level of 3,010. Year to date through...
STR: Occupancy and Room Rates Inch Higher in the Final Week of July
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of July 26 through August 1, 2020, showed slightly higher occupancy and room rates...
The Plasencia Group Forms TPG Lodging Capital Nexus
TAMPA, Fla. — The Plasencia Group today announced the formation of TPG Lodging Capital Nexus, created to match capable providers of capital with owners...
Budget Season Is Here and the Gloves Are Off
For hotels, budget season is the main event of the year—a time when owners and operators battle it out in the ring over next...
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Marriott Plans to Add 100 Properties in Europe Through 2026
From the International Hospitality Investment Forum in Berlin, Marriott International, Inc. announced plans to add nearly 100 properties and over 12,000 rooms to its...
Calling His Shots: Industry Veteran Kenneth Fearn Prioritizes Need for More Diverse Hotel Ownership
When Kenneth Fearn entered the lodging industry a couple of decades ago, many of the diversity and inclusion programs that now exist were just...
Cvent Passkey to Integrate With Maestro’s PMS Solution
TYSONS, Virginia—Cvent and Maestro PMS announced an integration between Cvent’s room block management system, Cvent Passkey, and Maestro’s leading all-in-one property management system solution....
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