Sheraton Park Hotel at the Anaheim Resort Begins Renovation
ANAHEIM, California—R.D. Olson Construction, a general contracting firm in California, has commenced the remodel of the Sheraton Park Hotel at the Anaheim Resort, encompassing...
STR: U.S. Hotel Occupancy Reaches 60 Percent
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached the 60 percent mark for the first time since the start of the pandemic, according to STR‘s latest...
STR: U.S. Hotel GOP Reached 60 Percent of 2019 Levels in April 2021
BROOMFIELD, Colorado—Gross operating profit (GOP) for U.S. hotels reached 60 percent of the comparable 2019 level, according to STR‘s April 2021 monthly profit and...
The Complex World of Hotel Financing
Hospitality is among a small handful of industries that have borne the brunt of the pandemic’s economic impact. From steep revenue losses to difficult...
MacArthur Place Hotel & Spa Now Managed by Urgo Hotels & Resorts
BETHESDA, Maryland, and SONOMA, California—Officials of Urgo Hotels & Resorts, a hotel company that operates, develops, invests, and owns hotels and resorts throughout North...
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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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