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Sheraton Bay Point Resort Opens

Sheraton Bay Point Resort Opens

PANAMA CITY, Fla.—After over $30 million in capital improvements, Sheraton Bay Point Resort has opened under the management of Crescent Hotels & Resorts. Crescent, based in Fairfax, Virginia is a nationally recognized operator of premier hotels and resorts throughout the ...

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Rising Expenses Cut into Hotel Profitability

Rising Expenses Cut into Hotel Profitability

There are a lot of “double-edged sword” issues on the minds of hotel operators these days. Hotel occupancy has reached record levels, which is attracting the attention of developers and therefore the threat of new competition. Inflation and interest rates ...

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Canopy by Hilton Chicago to Open in 2018

Canopy by Hilton Chicago to Open in 2018

CHICAGO—Canopy by Hilton, Hilton’s new lifestyle hotel brand, and RCP Holdings, an affiliate of The Prime Group, unveiled plans to develop a Canopy by Hilton in Chicago. Residing at the southwest corner of South LaSalle Street and West Adams Street ...

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My Place Opens in Lithia Springs, Ga.

My Place Opens in Lithia Springs, Ga.

ATLANTA, Ga.—My Place Hotels of America crossed another state line with the opening of Georgia’s debut My Place Hotel in Lithia Springs. Having opened its doors to the professional drivers of Werner Enterprises on Oct. 7, the nation’s 27th My ...

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The Henderson Opens in Destin, Fla.

The Henderson Opens in Destin, Fla.

DESTIN, Fla.—The Henderson, a Salamander Beach & Spa Resort, today opened its coastal-inspired doors. Located along one of America’s top beaches and adjacent to a 208-acre environmentally protected state park, The Henderson is reminiscent of a grand seaside manor of ...

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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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