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TravelClick Predicts Thriving Summer Travel Season

TravelClick Predicts Thriving Summer Travel Season

NEW YORK—Hotels in major North American markets experienced positive growth in rate, according to data from the May 2015 TravelClick North American Hospitality Review (NAHR). TravelClick’s data also reports that three quarters of the 25 markets measured are experiencing increases ...

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PwC Predicts Another Year of RevPAR Growth

PwC Predicts Another Year of RevPAR Growth

NEW YORK—An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger than previously expected increase in occupancy levels, offset by softer than anticipated growth in ...

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Carey Watermark Acquires Dual-Branded Hilton Property

Carey Watermark Acquires Dual-Branded Hilton Property

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired the newly-built Hilton Garden Inn and Homewood Suites dual-branded hotel in Atlanta, Ga. The select-service and extended-stay property includes a total of 228 guestrooms and is located in Midtown Atlanta. ...

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Chesapeake Lodging Trust Acquires Ace Hotel Downtown

Chesapeake Lodging Trust Acquires Ace Hotel Downtown

ANNAPOLIS, Md.—Chesapeake Lodging Trust announced that it has closed on the acquisition of the Ace Hotel Downtown and The Theater at Ace Hotel, located in Los Angeles, Calif. for a purchase price of $103 million, or approximately $566,000 per key. ...

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