PHILADELPHIA—Hersha Hospitality Trust announced that the company has closed on a new $500 million senior unsecured credit facility that is expandable to $850 million. The credit facility consists of a $250 million senior unsecured revolving line of credit and a ...

NEW YORK—Hotels are poised to see healthy growth in 2014, according to data from the February 2014 TravelClick North American Hospitality Review (NAHR). Both the transient (individual business and leisure travelers) as well as the group segment are seeing gains ...

BETHESDA, Md.—RLJ Lodging Trust has sold the 150-room Hilton Garden Inn St. George in St. George, Utah, for approximately $15.7 million or $104,300 per key. The sale price represents approximately an 8.7 percent capitalization rate on the hotel’s 2013 net ...

With the hotel industry’s recovery from the recession steadily picking up speed, values coming back to pre-downturn levels, and RevPAR growth remaining consistent, the debt markets are returning to normal. And as lenders get more interested and competitive, they’re supplying ...

End-of-the-year earnings statements released by major hotel companies show that the industry ended 2013 on a positive note, with gains in RevPAR, occupancy, and ADR. Although some companies saw a drop in fourth-quarter revenues, year-end results for the majority remained ...