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Economy Chains Face Lack of Demand

Economy Chains Face Lack of Demand

In the rapidly expanding room pipeline of the U.S. hotel industry, one segment seems to have fallen out of favor with developers. In June 2016, STR counted 166,000 rooms under construction. However, only 1,000 of these rooms were in the ...

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Slow Growth Challenges U.S. Hotel Margins

Slow Growth Challenges U.S. Hotel Margins

NEW YORK—Hotel RevPAR will turn negative in the second half of 2017 as weak corporate and decelerating group demand challenge asset owners looking to offset expense growth, Fitch Ratings says. While lodging companies have cited relative leisure strength as an ...

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Home2 Suites Opens First Oregon Property

Home2 Suites Opens First Oregon Property

EUGENE, Ore.—Home2 Suites by Hilton, part of Hilton’s industry-first All Suites portfolio, announced its newest property, Home2 Suites by Hilton Eugene Downtown University Area. Offering 120 new suites, the hotel brand introduces its first property to Oregon as it continues ...

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Staybridge Suites Opens in Maryland Heights, Mo.

Staybridge Suites Opens in Maryland Heights, Mo.

ST. LOUIS—A $16 million Staybridge Suites recently opened at 25 Progress Parkway in Maryland Heights, Mo. The 122-room all-suites hotel will be managed by Midas Hospitality, a premier hotel management group. The hotel was built by Midas Hospitality’s sister company ...

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RLHC to Add Hotels in North Carolina and Georgia

RLHC to Add Hotels in North Carolina and Georgia

SPOKANE, Wash.—RLHC (Red Lion Hotels Corporation) announced today that the company has entered into franchise license agreements to open a Red Lion Inn & Suites in Fayetteville, N.C. and a GuestHouse Hotel in Warner Robins, Ga. The properties are expected ...

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