Baird/STR Hotel Stock Index Up 12.7 Percent in December
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 12.7 percent in December 2021 to a level of 5,744. For 2021 as a whole,...
Radisson Hotel Philadelphia Opens
MINNEAPOLIS, Minnesota—Radisson announced the opening of Radisson Hotel Philadelphia, following a multi-million-dollar renovation showing the brand’s signature Scandinavian design. The hotel is in Philly’s...
Current Rocky Point LCC Purchases The Current Hotel
TAMPA, Florida—Current Rocky Point LLC, a special purpose entity affiliated with Tampa-based Caspers Company, has purchased The Current Hotel, an Autograph Collection hotel by...
HUNTER Brokers Sale of Hyatt Place Downtown Greenville
ATLANTA—Led by Senior Vice President Mayank Patel, Hunter Hotel Advisors represented Tara Investments in the sale of the Hyatt Place Downtown Greenville, South Carolina....
STR: U.S. ADR Reaches All-Time Weekly High
HENDERSONVILLE, Tennessee—U.S. hotel average daily rate (ADR) reached an all-time weekly high in the final week of 2021 leading into New Year's Day, according...
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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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