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PwC: ADR Growth Lags, Despite Peak Occupancy Levels

PwC: ADR Growth Lags, Despite Peak Occupancy Levels

NEW YORK—An updated lodging forecast released today by PwC US expects revenue per available room (RevPAR) growth in 2015 to be driven more by occupancy than previously expected, as average daily rate (ADR) growth continues to look for a firm ...

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Songy Highroads Purchases Hyatt Fairfax

Songy Highroads Purchases Hyatt Fairfax

FAIRFAX, Va.—An affiliate of Atlanta-based Songy Highroads, LLC has purchased the Hyatt Fairfax at Fair Lakes, a full-service hotel located in Fairfax. The 14-story hotel was constructed in 1989 and contains 316 rooms. It features 9,000 square feet of meeting ...

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Carey Watermark Purchases Embassy Suites Denver

Carey Watermark Purchases Embassy Suites Denver

NEW YORK—Carey Watermark Investors 2 (CWI 2), a non-traded real estate investment trust (REIT) focused on investing in lodging and lodging-related properties, announced that it has purchased the Embassy Suites by Hilton Denver–Downtown/Convention Center, a 403-suite, full-service hotel located in ...

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Chicago Vīb Midway Airport Breaks Ground

Chicago Vīb Midway Airport Breaks Ground

Best Western Hotels & Resorts President and CEO David Kong was joined by Chicago Mayor Rahm Emanuel, Speaker of the Illinois House of Representatives Michael Madigan, Ward 13 Alderman Marty Quinn, and Vīb developer Amit Patel at Tuesday’s ground breaking ...

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Omni Hotels, Dallas Cowboys Partner for Luxury Hotel

Omni Hotels, Dallas Cowboys Partner for Luxury Hotel

FRISCO, Texas—Today at a VIP-packed event in Frisco, Texas, executives from Omni Hotels & Resorts and the Dallas Cowboys, along with Frisco Mayor Maher Maso, previewed new details about the 300-room luxurious Omni Frisco Hotel. Representatives from the Frisco City ...

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