IHG Opens Holiday Inn Express Washington, DC Downtown
ATLANTA—IHG Hotels & Resorts announced the opening of Holiday Inn Express Washington, DC Downtown. Located in the Mt. Vernon Triangle neighborhood, the hotel is...
Preferred Hotels & Resorts to Add 11 New Independent Hotels in 2023
NEW YORK — Preferred Hotels & Resorts will welcome 11 new luxury openings globally in 2023, including two additions to its Legend Collection, a...
CBRE Foresees Moderate Recession in 2023 U.S. Real Estate Outlook
DALLAS — CBRE foresees a moderate recession in 2023 that will bring declines in real estate investment and leasing activity, though inflation will recede...
Weekly U.S. Hotel Performance Shows Improvements Over 2019
HENDERSONVILLE, Tennessee—U.S. hotel performance came in higher than the previous week and showed improved comparisons to 2019, according to STR's latest data for the...
JLL Capital Markets Closes Sale of Cape Codder Resort & Spa
BOSTON—JLL Capital Markets announced it has closed the sale of and secured acquisition financing for Cape Codder Resort & Spa, a 266-key hotel in...
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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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