STR: U.S. Hotel Room Construction Down 61,000 From 2020 High
HENDERSONVILLE, Tennessee—The number of U.S. hotel rooms in construction is down roughly 61,000 from the country’s all-time high achieved in early 2020, according to...
STR: U.S. Hotel Performance Reflects Seasonal Levels
HENDERSONVILLE, Tennessee—Reflecting post-holiday seasonal performance levels, overall U.S. hotel performance fell from the previous week, according to STR's latest data through January 8, 2021.
U.S....
Turnstone Ventures Acquires The Shire Woodstock
WOODSTOCK, Vermont—Turnstone Ventures, a vertically-integrated real estate investment firm led by Jeff Glew, has acquired the 50-key The Shire Woodstock in Woodstock, Vermont. Turnstone...
Angevin & Co. and GBX Group Purchase The Whitney Hotel
NEW ORLEANS—Following the purchase of The Frenchmen Hotel in June 2021, entrepreneur Robert Thompson’s hospitality firm, Angevin & Co., in partnership with GBX Group,...
NewcrestImage To Acquire Nine Arizona Properties From G6 Hospitality
DALLAS—NewcrestImage has reached a definitive agreement to purchase nine hotels in Arizona from G6 Hospitality—six branded Motel 6 and three branded Studio 6. The...
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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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