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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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Hotel Industry Likely to See Belt Tightening in 2017

Hotel Industry Likely to See Belt Tightening in 2017

Scott Silver, CEO of boutique financial advisory firm Hospitality Funding, says that while the lodging industry is currently enjoying high overall performance, tapering RevPAR growth has made lenders a little less eager to take on new projects. In preparation for ...

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Examining the Strength of the Top 25 Hotel Markets

Examining the Strength of the Top 25 Hotel Markets

As the U.S. hotel industry continues its RevPAR growth cycle, some signs of a growth slowdown are apparent. The increase in new rooms in the United States is rapidly matching with the growth in U.S. rooms demand, leading to occupancy ...

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