Hilton Marks 2021 Development Milestones
MCLEAN, Va. — Hilton recently reported a record year of development, opening 414 properties and adding more than 67,100 rooms to its system in...
Uneven Recovery: STR and Tourism Economics Slightly Upgrade U.S. Hotel Forecast
LOS ANGELES — Underpinned by continued strengthening in average daily rate (ADR), STR and Tourism Economics have slightly upgraded the U.S. hotel forecast, just...
Marriott Shares Development Update and Trends at ALIS
On the eve of the Americas Lodging Investment Summit (ALIS) in Los Angeles, Marriott International announced a strong year of rooms growth and signings...
Hyatt to Expand to 11 New Markets in the Americas
CHICAGO — Hyatt Hotels Corporation announced plans to accelerate its brand growth in the Americas region with a strong pipeline of expected hotel openings...
U.S. Hotel Construction Pipeline Declines Year Over Year in 2021
PORTSMOUTH, N.H. — At the close of Q4 2021, the total U.S. hotel construction pipeline stood at 4,814 projects totaling 581,953 rooms, down 8...
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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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