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Marriott Completes New York EDITION Sale

Marriott Completes New York EDITION Sale

BETHESDA, Md.—Marriott International, Inc. has announced it has completed the previously contracted sale of The New York EDITION hotel for net cash proceeds of approximately $343 million. Today’s transaction is the last in a series of three sales of Marriott-owned ...

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ADR Projected to Grow in Coming Months

ADR Projected to Grow in Coming Months

NEW YORK—Hotels in major North American markets are continuing to experience growth driven by strong rates, according to data from the March 2015 TravelClick North American Hospitality Review (NAHR). While hotels continue to experience steady growth, group sales have decelerated. ...

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Hotel Occupancy to Hit Record High in 2015

Hotel Occupancy to Hit Record High in 2015

ATLANTA—The U.S. lodging industry will continue to achieve very strong growth in rooms revenue per available room (RevPAR) during both 2015 and 2016, according to the recently released March 2015 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. The report ...

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How Tax Extensions and Regulations Will Impact Hotels

How Tax Extensions and Regulations Will Impact Hotels

There’s no easy way to say it—the lodging industry will likely face tax challenges in the next 12 months. The past year was fraught with congressional bickering, partisanship, gridlock, and, consequently, no passage of any major tax legislation. There was ...

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The Developing Story: Pittsburgh

The Developing Story: Pittsburgh

Behind the steel curtain lies a hotel development scene set to explode this year. Here’s a quick guide to the many factors driving this growth. The City of Bridges is about to go through a bit of a growth spurt ...

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