STR: U.S. Hotel Occupancy Reaches Highest Level Since October 2019
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached its highest level since October 2019, according to STR‘s latest data through July 17, 2021.
U.S. Hotel Performance
July 11-17,...
ALICE Acquired by Alpine Investors’ ASG From Expedia Group
NEW YORK, New York, & WALNUT CREEK, California—ASG, a portfolio company of Alpine Investors that buys, builds, and operates vertical SaaS companies, has acquired...
Island Resort in Fort Walton Beach Acquired by Rockbridge
COLUMBUS, Ohio—Rockbridge acquired the 331-room Island Resort in Fort Walton Beach, Florida, located on 11 acres of real estate with 600 feet of beach.
Rockbridge...
CBRE: U.S. Lodging Demand Will Return to Pre-Pandemic Levels by Q4 2023
DALLAS—Based on stronger than expected performance during the first quarter of 2021, plus encouraging economic and vaccination news, CBRE Hotels Research forecasts U.S. lodging...
Hotel Indigo Houston at the Galleria Acquired by Driftwood Capital
HOUSTON—Driftwood Capital, a vertically integrated commercial real estate investment, development, and lending platform specializing in hospitality, has acquired the Hotel Indigo Houston at the...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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