STR, TE Lift ADR and RevPAR Predictions in Final U.S. Hotel Forecast Revision of...
HENDERSONVILLE, Tennessee—STR and Tourism Economics lifted year-over-year growth projections for average daily rate (ADR) and revenue per available room (RevPAR) in the final U.S....
CoStar: U.S. Hotel Performance Increases Overall
WASHINGTON—U.S. hotel performance increased from the previous week and showed positive year-over-year comparisons, according to CoStar’s latest data through Nov. 11, 2023.
U.S. Hotel Performance
November...
MCR, Island Capital Group Close on Sheraton New York Times Square Refinancing
NEW YORK—MCR Hotels, Island Capital Group, and JLL's Hotels & Hospitality Group announced that MCR and Island have closed on a $260 million refinancing...
Choice Updates Everhome Suites Growth With Nine New Hotels
ROCKVILLE, Maryland—Choice Hotels International, Inc. continued its growth in the extended-stay segment with three new Everhome Suites under construction and six more in various...
Charlestowne Hotels Opens the Little Mod Hotel
CHARLESTON, South Carolina—Charlestowne Hotels announced the opening of the Little Mod Hotel in Charlottesville, Virginia. Adjacent to the University of Virginia (UVA) grounds, a...
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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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