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Lionstone Development CEO Talks Strategy

Lionstone Development CEO Talks Strategy

LODGING recently sat down with Lionstone Development CEO Diego Lowenstein to discuss the company’s growth strategy, how it selects the right brand, and more. Why is it important to build a diverse portfolio? When you’re in real estate, and particularly ...

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Upscale Chains Experience Strong Year

Upscale Chains Experience Strong Year

The U.S. lodging industry is in the later part of the economic cycle and questions about the longevity and health of the industry are being read in editorials and heard at conferences across the country. And indeed, we at STR ...

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Beating the Budget

Beating the Budget

Hotel managers achieved the winning formula in 2015—they exceeded their budgeted revenue projections while concurrently spending less than expected to operate their hotels. The result was a 2.2 percent profit surplus compared to budget. As general managers, controllers, and directors ...

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New Castle Breaks Ground in Nova Scotia

New Castle Breaks Ground in Nova Scotia

SHELTON, Conn.—Officials of New Castle Hotels & Resorts, a leading hotel owner, operator and developer, along with Southwest Properties of Halifax, Nova Scotia and JLK Global Fund International broke ground on a 178-key Courtyard by Marriott/Residence Inn hotel in Dartmouth, ...

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Gatehouse Capital Announces $13.8 Million Hotel Project

Gatehouse Capital Announces $13.8 Million Hotel Project

DALLAS—Dallas-based Gatehouse Capital announced it has finalized agreements with the City of Decatur to develop a four-story, 107-room Fairfield Inn & Suites by Marriott on US 380 in Decatur. The $13.8 million project broke ground today and is expected to ...

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Ashford Closes on SpringHill Suites Gaithersburg

Ashford Closes on SpringHill Suites Gaithersburg

DALLAS—Ashford Hospitality Trust has announced that it has closed on the sale of the 162-room SpringHill Suites Gaithersburg in Gaithersburg, Md. for approximately $13.2 million ($81,000 per key). The purchase price for the SpringHill Suites Gaithersburg represents a trailing 12-month ...

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