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When Management Fee Growth Threatens The Profits It Reflects

When Management Fee Growth Threatens The Profits It Reflects

The U.S. lodging industry’s recovery from the depths of the recent recession was characterized by strong growth in rooms revenue (RevPAR) concurrent with strict cost controls. This combination resulted in double-digit growth rates for profits—defined as income before deductions for ...

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Hospitality Deals and Acquisitions from June 2017

Hospitality Deals and Acquisitions from June 2017

Mission Capital Advisors announced that its Debt and Equity Finance Group has arranged an $80-million, non-recourse, structured loan for the Chicago Athletic Association hotel, a historic 241-key lifestyle hotel located at 12 South Michigan Avenue in Downtown Chicago. Mission Capital’s ...

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Midas Hospitality Breaks Ground On Two Hotels in Minnesota

Midas Hospitality Breaks Ground On Two Hotels in Minnesota

ST. LOUIS—Hotel management group Midas Hospitality has broken ground on two hotels in Brooklyn Park, Minn., an area that hasn’t had a newly built hotel since 1998. The $28 million development with a 100-room Hampton Inn and a 107-room Home2 Suites will open in the ...

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Kimpton Aertson Hotel Opens in Midtown Nashville

Kimpton Aertson Hotel Opens in Midtown Nashville

NASHVILLE–Kimpton Hotels & Restaurants will open its first venture in Nashville on June 14. The Kimpton Aertson Hotel is located at the corner of 21st Avenue and Broadway in the Music City’s Midtown neighborhood. As anchor of the new mixed-use complex Aertson Midtown, the hotel ...

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Arbor Lodging Partners and NVN Hotels Merge

Arbor Lodging Partners and NVN Hotels Merge

CHICAGO, Ill.—Chicago-based Arbor Lodging Partners and NVN Hotels announced that the two companies will now operate under the name Arbor Lodging (Arbor), with the investment arm continuing as Arbor Lodging Partners and the management arm, NVN Hotels, now operating as ...

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The Enormity of Events for Boosting Occupancy

The Enormity of Events for Boosting Occupancy

Large-scale events enjoyed a banner year in 2016. A reemerging travel economy—combined with more lodging options than ever before and a bevy of events ranging from state fairs to business expos—resulted in a continually prosperous travel market. Moreover, primary markets, ...

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