JLL’s Hotels & Hospitality Group Closes Sale of Element Basalt Aspen
LOS ANGELES—JLL’s Hotels & Hospitality Group announced that it closed the sale of the Element Basalt Aspen, a 113-key extended-stay hotel in Basalt near...
STR: Phoenix Reports Highest ADR and RevPAR Increases Over 2019
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week, according to STR's latest data through February 11, 2023.
U.S. Hotel Performance
February 5-11, 2023
Percentage change from...
Wyndham Hotels & Resorts Reports Full Year and Q4 2022 Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months and year that ended December 31, 2022. The report includes:
Global RevPAR grew...
Baird/STR Hotel Stock Index Jumped in January 2023
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 16.4 percent in January to a level of 5,685.
“Hotel stocks rebounded sharply in January and...
5 Senses Hospitality Invests in The Waters Hotel, Tapestry Collection by Hilton
HOT SPRINGS, Arkansas—Denver-based 5 Senses Hospitality announced its investment in The Waters Hotel, Tapestry Collection by Hilton. 5 Senses Hospitality has been managing the...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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