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Hotel Budget Accuracy Benefits All

Hotel Budget Accuracy Benefits All

Since 2001, PKF Hospitality Research, a CBRE Company (PKF-HR), has assessed the accuracy of hotel budgets. Over the past 14 years, a trend has become very predictable: In times of industry prosperity, hotel budgets are consistently accurate. During the depths ...

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PwC: ADR Growth to Drive RevPAR Through 2016

PwC: ADR Growth to Drive RevPAR Through 2016

NEW YORK—An updated lodging forecast released today by PricewaterhouseCoopers U.S. (PwC) expects average daily rate (ADR) to drive revenue per available room (RevPAR) increases in a more meaningful way through the second-half of 2015, and into 2016. Recent performance of ...

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RLHC to Enter Joint Venture to Acquire The Quincy in D.C.

RLHC to Enter Joint Venture to Acquire The Quincy in D.C.

SPOKANE, Wash.—A subsidiary of RLHC (Red Lion Hotels Corporation) will enter into a joint venture with an affiliate of Shelbourne Capital to acquire The Quincy hotel in downtown Washington, D.C., for an undisclosed amount. A definitive agreement has been signed ...

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