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Slow Growth Challenges U.S. Hotel Margins

Slow Growth Challenges U.S. Hotel Margins

NEW YORK—Hotel RevPAR will turn negative in the second half of 2017 as weak corporate and decelerating group demand challenge asset owners looking to offset expense growth, Fitch Ratings says. While lodging companies have cited relative leisure strength as an ...

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RLHC to Add Hotels in North Carolina and Georgia

RLHC to Add Hotels in North Carolina and Georgia

SPOKANE, Wash.—RLHC (Red Lion Hotels Corporation) announced today that the company has entered into franchise license agreements to open a Red Lion Inn & Suites in Fayetteville, N.C. and a GuestHouse Hotel in Warner Robins, Ga. The properties are expected ...

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AETHOS Consulting Evaluates Hospitality CEO Performance

AETHOS Consulting Evaluates Hospitality CEO Performance

NEW YORK—Using a proprietary pay-for-performance model, hospitality advisory firm AETHOS Consulting Group has just released its 2016 report evaluating the performance of top CEOs (from the previous year) in the hospitality, travel and entertainment industries. And the results are in: ...

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Pebblebrook to Sell Manhattan NYC for $217.5 Million

Pebblebrook to Sell Manhattan NYC for $217.5 Million

BETHESDA, Md.—Pebblebrook Hotel Trust today announced that it has executed a purchase and sale agreement to sell the 618-room, upper upscale, full-service Manhattan NYC in New York for $217.5 million to a third party. The sale of the Manhattan NYC ...

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Hunter Hotel Advisors Sells North Carolina Wingate

Hunter Hotel Advisors Sells North Carolina Wingate

ATLANTA—Hunter Hotel Advisors announced today that they represented BPR Properties, a hotel development and management company based in North Carolina, in the sale of the 81-room and suite Wingate by Wyndham Greensboro/High Point Airport, N.C. for an undisclosed amount. A ...

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Choice Opens Cambria Chicago Magnificent Mile

Choice Opens Cambria Chicago Magnificent Mile

ROCKVILLE, Md.—Choice Hotels International has converted the former MileNorth Hotel in Chicago into the Cambria Chicago Magnificent Mile. The partnership with Fillmore Capital Partners and Fillmore Hospitality marks the brand’s first official conversion as part of a strategy to bring ...

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