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AC Hotels by Marriott Announces Chicago Opening

AC Hotels by Marriott Announces Chicago Opening

CHICAGO—The AC Hotel Chicago Downtown, owned and managed by Marcus Hotels & Resorts, will open its doors to guests in the heart of Chicago’s River North neighborhood on May 29. Located on the corner of Rush and Ontario, the AC ...

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Strong RevPAR and ADR Growth Projected for 2015

Strong RevPAR and ADR Growth Projected for 2015

Like other industries, profits in the hotel business are achieved when revenues exceed the cost of operations. In 2015, there are several factors that will enhance the ability of hotel managers to control their operating expenses. First, the pace of ...

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TravelClick Predicts Thriving Summer Travel Season

TravelClick Predicts Thriving Summer Travel Season

NEW YORK—Hotels in major North American markets experienced positive growth in rate, according to data from the May 2015 TravelClick North American Hospitality Review (NAHR). TravelClick’s data also reports that three quarters of the 25 markets measured are experiencing increases ...

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PwC Predicts Another Year of RevPAR Growth

PwC Predicts Another Year of RevPAR Growth

NEW YORK—An updated lodging forecast released today by PwC US expects another year of solid revenue per available room (“RevPAR”) growth in 2015, with a stronger than previously expected increase in occupancy levels, offset by softer than anticipated growth in ...

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Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

Carey Watermark Investors Acquires Ritz-Carlton Philadelphia

NEW YORK—Carey Watermark Investors Incorporated announced that it has acquired a majority interest in the 299-room Ritz-Carlton Philadelphia in a joint venture with Philadelphia Hospitality Partners, L.P., the owner of the property. Originally built between 1904 and 1908 as The ...

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