Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay
DALLAS—Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay in Boston, Massachusetts, for...
CoStar: U.S. Hotel Performance Reflects Mixed Results
WASHINGTON—U.S. hotel performance showed mixed results over the previous week, according to CoStar's latest data through Feb. 24, 2024.
U.S. Hotel Performance
February 18-24, 2024
Percentage change...
Hyatt Reports Fourth Quarter and Full-Year 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported fourth quarter and full year 2023 financial results. Highlights include:
Net income was $26 million in the fourth quarter and $220...
MCR Agrees to Purchase BT Tower to Transform Into Hotel
NEW YORK—MCR agreed to purchase the BT Tower—one of London’s tallest buildings—from BT Group. MCR will own the 620-foot Tower and podium. MCR intends...
Accor Releases Full-Year and Q4 2023 Results
Accor released full-year and Q4 2023 results. Driven by demand, Accor was able to set records in terms of operating and financial performance. All...