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WaterWalk Inks $150 Million Deal with Rockford Development

WaterWalk Inks $150 Million Deal with Rockford Development

WICHITA, Kan.—WaterWalk Hotel Apartments, Jack DeBoer’s fifth national brand, has executed an agreement with a Rockford Development Group venture, led by Paul Roberts of Rockford and hotel industry veteran Rob Mossburg, to initially develop eight WaterWalk franchises. The properties will ...

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Robust 2015 Hotel Performance Masks Softening

Robust 2015 Hotel Performance Masks Softening

The U.S. lodging sector set a record for revenue per available room (RevPAR) of $78.671 in 2015 as a result of all-time highs in occupancy (65.6 percent) and average daily rate (ADR of $120.01). The 2015 RevPAR represents 6.3 percent ...

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Alliance Acquires Wyndham Glenview Suites Chicago North

Alliance Acquires Wyndham Glenview Suites Chicago North

GLENVIEW, Ill.—Alliance Hospitality announced it has acquired the Wyndham Glenview Suites Chicago North hotel, located in Glenview, Ill. Rolf Tweeten, chairman of the board for Alliance Hospitality, made the announcement. The property will undergo a multi-million dollar renovation as Alliance ...

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Apple Hospitality REIT Favors Steady Approach to Growth

Apple Hospitality REIT Favors Steady Approach to Growth

In February, Apple Hospitality REIT released its 2015 earnings report. To be brief, last year was a very good year for the company. Comparable revenue per available room (RevPAR) grew 6.5 percent, adjusted earnings before interest, taxes, depreciation, and amortization ...

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Non-Branded Hotels Outperforming the Competition

Non-Branded Hotels Outperforming the Competition

If you had to write a state of the union speech for independent hotels, you would likely follow every U.S. president’s lead and comment that “the state of the union is strong.” Indeed, in 2015 hotels not affiliated with a ...

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