Savills Led the Sale of Two Bethany Beach Hotels
TYSONS, Virginia — Savills, a global commercial real estate advisory, represented Bethany Boardwalk Group LLC and Bethany Beach Ocean Inn, LLC in the disposition...
STR: U.S. Weekly Occupancy Hits Highest Level Since February 2020
HENDERSONVILLE, Tennessee—Boosted by the Friday and Saturday of Memorial Day weekend, U.S. weekly hotel occupancy reached its highest level since late-February 2020, according to...
The Fire Sale That Wasn’t
The vultures were circling. As hotels were shuttered and revenue evaporated, owners were hard-pressed to meet their financial obligations. Yet, unlike in the Great...
HREC Investment Advisors Arranges Sale of Lakeside Inn & Casino
DENVER and LAS VEGAS—HREC Investment Advisors has arranged the sale of the 124-guestroom Lakeside Inn & Casino located in Stateline, Nevada. The facilities include...
Aimbridge Will Assume Ownership of Grupo Hotelero Prisma
PLANO, Texas—Aimbridge Hospitality will assume ownership of Grupo Hotelero Prisma, the largest third-party operator in the Mexico market. With this acquisition, Aimbridge Hospitality will...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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