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Cost Controls Drove Hotels’ Profit Growth in 2016

Cost Controls Drove Hotels’ Profit Growth in 2016

U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. According to the 2017 edition of Trends in the Hotel Industry, total operating revenue, driven by a 0.2 percent ...

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Deal Roundup: CI Capital Acquires AlliedPRA, and More

Deal Roundup: CI Capital Acquires AlliedPRA, and More

An affiliate of New York-based private equity firm CI Capital Partners has acquired a majority interest in AlliedPRA, a destination management company, from UK private equity firm sector Core Capital Partners LLP. AlliedPRA’s management team still has significant equity ownership ...

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This Luxury Mixed-Use Hotel Is Coming to Houston

This Luxury Mixed-Use Hotel Is Coming to Houston

The Post Oak is a luxury mixed-use high-rise in Uptown Houston that will soon become the first of its kind in the city. The hotel is currently under development, and expected to open this December. In addition to 250 guestrooms, ...

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LODGING Insider: Chip Ohlsson Talks Wyndham

LODGING Insider: Chip Ohlsson Talks Wyndham

LODGING Magazine sits down with Chip Ohlsson, Chief Development Officer at Wyndham Hotel Group as part of the LODGING Insider video series to talk acquisitions, brand development, and working with franchisees. LODGING‘s coverage of Chip Ohlsson and Wyndham will continue ...

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IHG Opens America’s Largest Holiday Inn Express in Waikiki

IHG Opens America’s Largest Holiday Inn Express in Waikiki

ATLANTA–InterContinental Hotels Group (IHG) has opened a 44-story, 596-room Holiday Inn Express in Waikiki—the brand’s largest property in the Americas. Just three blocks away from Waikiki Beach, two blocks from Luxury Row shopping, and four blocks from the Hawaii Convention ...

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