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Home2 Suites To Join Mixed-Use Biltmore Station Development

Home2 Suites To Join Mixed-Use Biltmore Station Development

Asheville, N.C.—Aston Properties has sold a two-acre site at Biltmore Station in Asheville, N.C., for the development of a new four-story hotel and mixed-use retail and office space. Baywood Hotels, a Maryland-based hospitality management company, plans to start construction during ...

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Slowing Revenue Growth Offset by High Occupancy and ADR

Slowing Revenue Growth Offset by High Occupancy and ADR

In 2016, the strong growth levels enjoyed by the U.S. lodging industry for the past few years experienced a significant slowdown. Moderate rate growth and flat occupancies were the norm for most hotels. Similarly, total revenues and overall profitability showed ...

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