The Hotel Industry Cash Crunch
The hotel industry has found itself in perhaps the most significant liquidity crisis it has ever faced. As the industry reports second-quarter numbers, with...
LOTTE Hotel Opens Third U.S. Property in Seattle
SEOUL, South Korea — LOTTE Hotel opened in Seattle on September 24 as the chain's 12th international hotel and third in the United States...
My Place Opens First North Carolina Location
HUNTERSVILLE, N.C. — My Place Hotels of America recently announced the opening of the brand's 57th location in the Charlotte suburb of Huntersville, N.C.,...
Colony Capital to Sell Six Hospitality Portfolios Totaling 197 Hotels to Highgate
LOS ANGELES — Colony Capital, Inc., announced it has entered into a definitive agreement to sell six of its hospitality portfolios to Highgate, a...
HotStats: August Proves Positive Month for Regions Outside U.S.
LONDON — Europe, Asia Pacific, and the Middle East all showed positive gross operating profit per available room (GOPPAR) in August, according to the...
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Choice Hotels Publishes 2023 ESG Report
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across...
World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique...
Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
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