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ADR Growth to Bring Strong, Profitable Start to 2015

ADR Growth to Bring Strong, Profitable Start to 2015

NEW YORK—Hotels in major North American markets experienced positive growth in both rate and occupancy across most travel segments according to data from the December 2014 TravelClick North American Hospitality Review (NAHR). With average daily rate (ADR) growth of 4.6 ...

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Market Boasts Near Perfect Conditions for Development

Market Boasts Near Perfect Conditions for Development

Favorable economic conditions, record-setting operating metrics, and a positive outlook for the next few years have combined to make this an opportune time for hotel developers. The hotel construction pipeline surged forward to a five-year high in Q3 with 3,516 ...

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JW Marriott Hotels & Resorts Expands Asia Presence

JW Marriott Hotels & Resorts Expands Asia Presence

HONG KONG—Marriott International’s luxury hotel brand, JW Marriott Hotels & Resorts, plans to open three properties in Greater China and one hotel in India by summer 2015, bringing the brand’s Asia-Pacific portfolio to 28 hotels and resorts with 11 in ...

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LaSalle Hotel Properties Acquires Heathman Hotel in Portland

LaSalle Hotel Properties Acquires Heathman Hotel in Portland

BETHESDA, Md.—LaSalle Hotel Properties has acquired The Heathman Hotel in Portland, Ore., for $64.3 million. The company funded the acquisition with cash on hand. Surrounded by corporate and leisure demand generators, the 150-room hotel is located in downtown Portland among ...

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