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The Developing Story: Charleston

The Developing Story: Charleston

With a charming culture and expanding economy, this city is a go-to destination for tourists and developers alike. Charleston may not be a top 25 market, but it sure acts and performs like one. The oldest city in South Carolina ...

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The Real Value of Dual-Brand Hotels

The Real Value of Dual-Brand Hotels

The pace of new hotel construction is picking up. According to STR, there were 1,003 hotels under construction in the United States as of January 2015, up 31.8 percent from January 2014. The most active under-construction segments of the hotel ...

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Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

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ADR Projected to Grow in Coming Months

ADR Projected to Grow in Coming Months

NEW YORK—Hotels in major North American markets are continuing to experience growth driven by strong rates, according to data from the March 2015 TravelClick North American Hospitality Review (NAHR). While hotels continue to experience steady growth, group sales have decelerated. ...

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Hotel Occupancy to Hit Record High in 2015

Hotel Occupancy to Hit Record High in 2015

ATLANTA—The U.S. lodging industry will continue to achieve very strong growth in rooms revenue per available room (RevPAR) during both 2015 and 2016, according to the recently released March 2015 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. The report ...

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