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Crowdfunding Offers Alternative Means of Financing

Crowdfunding Offers Alternative Means of Financing

What goes up must come down. Many experts are saying that the hotel industry has reached the peak of the current cycle. While most industry benchmarks—occupancy, ADR, and RevPAR—are still on the higher end of recent memory, others are starting ...

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Analyzing Complimentary Services and Rooms

Analyzing Complimentary Services and Rooms

The offering of complimentary services and amenities by U.S. hotels is on the rise. From 2007 to 2015, hotel expenditures on complimentary food, beverages, in-room media, services, and gifts just within the rooms department increased at a compound annual growth ...

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Hawkeye Hotels Continues Expansion

Hawkeye Hotels Continues Expansion

CORALVILLE, Iowa—Hawkeye Hotels has announced it has recently acquired a portfolio from Carey Watermark Investors for an undisclosed amount. The portfolio consists of three institutional-grade Hilton hotels comprising 369 rooms in prime markets in Texas, Alabama, and Louisiana. This marks the ...

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Marriott Caps Off 2016 with Record Expansion

Marriott Caps Off 2016 with Record Expansion

Marriott International announced that 2016 represented the strongest year of rooms growth in its history. Marriott opened a record 55,000 rooms in 2016, excluding the 381,000 rooms gained with the Starwood acquisition. The combined company signed 880 new hotel deals, ...

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Vesta Hospitality Acquires Embassy Suites in Georgia

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, made the announcement. Rood Investments was a partner in the acquisition. The 130-suite hotel offers convenient ...

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