U.S. Hotel Profit from 2021 Reaches 52 Percent of Pre-Pandemic Levels
HENDERSONVILLE, Tennessee—Gross operating profit for U.S. hotels reached 52 percent of the comparable 2019 level, according to STR's full-year 2021 P&L data release.
Strong holiday...
The Growth Mindset: Three Tips for New Revenue Managers
Finding the right revenue manager to match a hotel’s organization requires more than a strong knowledge of the inner workings of the hospitality industry;...
She Has a Deal Launches the SHaD Prosperity Fund I
TYSONS CORNER, Virginia—Officials of She Has a Deal (SHaD), a real estate investment platform that creates pathways to hotel ownership and development for women,...
Peachtree Hotel Group Shares Total Investment Activity for 2021
ATLANTA—Peachtree Hotel Group (Peachtree) announced that its total investment activity for 2021, inclusive of acquisitions, developments, lending, and hotel investments, amounted to a record...
Creating Culture: Remington CEO on the Path Ahead
LODGING caught up with Sloan Dean, who is CEO and president of Remington Hotels, at the recent Americas Lodging Investment Summit (ALIS) in Los...
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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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