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Cambria Hotel & Suites Breaks Ground in Philadelphia

Cambria Hotel & Suites Breaks Ground in Philadelphia

Rockville, Md.—Choice Hotels International, joined Pearl Properties and Concord Hospitality Enterprises Company for the groundbreaking of a new Cambria hotel & suites in Philadelphia, Pa. Located at 219-225 S. Broad Street at the intersection of Broad & Locust Streets, the ...

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Kimpton Hotels Reveals Plans for Tampa Property

Kimpton Hotels Reveals Plans for Tampa Property

SAN FRANCISCO—Kimpton Hotels & Restaurants has announced it will manage a new, luxury lifestyle boutique hotel in Tampa, Fla., that will incorporate a restaurant from Michelin-starred Tuscan chef Silvia Baracchi. The property, which is slated to open in early 2018, ...

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Clear Sailing Forecast for European Business Travel

Clear Sailing Forecast for European Business Travel

FRANKFURT, Germany—Western Europe’s business travel spending is projected to increase to $211.2 billion USD in 2016 and top out at $225.6 billion USD in 2017, 6.3 percent and 6.8 percent growth respectively. Those figures are among the key findings in ...

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Provenance Hotel Partners Buys Old No. 77 Hotel

Provenance Hotel Partners Buys Old No. 77 Hotel

NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans. The seller was a partnership primarily comprised ...

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Hoteliers on Alert After Q1 Occupancy Decline

Hoteliers on Alert After Q1 Occupancy Decline

ATLANTA—The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline in occupancy since the fourth quarter of 2009 according to STR. Based upon the recently released June ...

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