IHG Shares First Half Results; Reveals New Midscale Brand
InterContinental Hotels Group PLC released interim results for the first half of the year ending June 30, 2023, and reveals information about a new...
JLL Arranges Sale of Mezzanine Loan for Club Quarters Portfolio
NEW YORK—JLL's Hotels & Hospitality Group announced that it arranged the sale of a mezzanine loan for a four-property portfolio of hotels totaling 1,228...
CoStar: U.S. Hotel GOPPAR Fell for Second Consecutive Month
WASHINGTON—U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, according to CoStar's June 2023 P&L...
Hyatt Reports Q2 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported second-quarter 2023 financial results. Highlights include:
Net income was $68 million in the second quarter of 2023 compared to $206 million...
CoStar: U.S. Hotel Performance Declines From Previous Week
WASHINGTON—U.S. hotel performance declined slightly from the previous week but showed improved comparisons year over year, according to CoStar’s latest data through July 29,...