U.S. Hotel Performance Lowered in January 2024
WASHINGTON—The U.S. hotel industry reported lower performance results month over month, according to January 2024 data from CoStar.
January 2024
Percentage change from January 2023:
Occupancy: 51.9...
IHG Hotels & Resorts Reports Full-Year 2023 Results
IHG Hotels & Resorts released full-year 2023 financial results. Information from the results includes:
Trading and revenue
Global RevPAR up 16.1 percent year-over-year (YoY) (Q4 up...
JLL Capital Markets Arranges Financing for Hotel Granduca
NEW YORK— JLL Capital Markets announced that it arranged $30.6 million in financing for the 122-key Hotel Granduca in Houston, Texas. JLL represented the borrower, Transwestern...
CoStar: U.S. Hotel Performance Increases Yet Comparisons Remain Mixed
WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar's latest data through Feb. 10, 2024.
U.S. Hotel Performance
February...
Wyndham Reports Full-Year and Q4 2023 Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months and year ended Dec. 31, 2023. Highlights include:
System-wide rooms grew organically by...
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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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