STR: U.S. Hotel GOPPAR Fell in May 2023
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, according to STR's May 2023 P&L data release.
U.S. Hotel...
Mumford Company Completes Sale of Fairfield Inn & Suites in Cleveland, Tennessee
NEWPORT NEWS, Virginia—Mumford Company, a full-service hospitality brokerage advisory firm, announced it completed the sale of the Fairfield Inn & Suites in Cleveland, Tennessee....
JLL Capital Markets Arranges Financing for The Sandbar Hotel
BOSTON—JLL Capital Markets announced that it arranged $7.59 million in financing for The Sandbar Hotel, Trademark Collection by Wyndham, a 121-key, limited-service, beachfront hotel...
STR: U.S. Hotel Performance Remains Flat
HENDERSONVILLE, Tennessee—U.S. hotel performance remained mostly flat from the previous week, and year-over-year comparisons remained mixed, according to STR's latest data through June 24,...
OUTRIGGER Plans Kaua’i Beach Resort & Spa Acquisition
HONOLULU—OUTRIGGER Resorts & Hotels announced that it will be investing in its home market of Hawai‘i with a planned acquisition at Kaua‘i Beach Resort...
Most Popular
Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
Advertisement