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Navigating Markets in Flux

Navigating Markets in Flux

While there are plenty of industry folks forecasting the imminent end of the current lodging cycle, the street-corner nature of this business means that the particular dynamics driving this cycle feel very different from one area to the next. In ...

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Fitch: U.S. Lodging in Twilight of Latest Upcycle

Fitch: U.S. Lodging in Twilight of Latest Upcycle

NEW YORK—The U.S. lodging industry is in the twilight of the current upcycle, according to Fitch Ratings. The recovery is now the second longest on record, with trailing 12-month (TTM) RevPAR positive for 68 consecutive months. Fitch is not forecasting ...

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Hersha Closes on Joint Venture with Cindat

Hersha Closes on Joint Venture with Cindat

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has closed on the joint venture for seven of the company’s premium limited service hotels in Manhattan with Cindat Capital Management Limited, a China-based investment management ...

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New Spring Reservation Demand Weakens

New Spring Reservation Demand Weakens

NEW YORK—New reservation commitments added over the last month are down -7.1 percent, according to new data from TravelClick’s April 2016 North American Hospitality Review (NAHR). These numbers highlight hotels’ continued fragmented performance during this season. However, there remains some ...

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Sessa Sends Letter to Ashford Hospitality Prime Shareholders

Sessa Sends Letter to Ashford Hospitality Prime Shareholders

NEW YORK—Sessa Capital (Master), L.P. (Sessa), owner of 8.2 percent of the outstanding common shares of Ashford Hospitality Prime, Inc. (Ashford Prime or the company) today sent the following letter to Ashford Prime shareholders in response to the company’s termination ...

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