Embassy Suites Gulf Shores Commences Development
GULF SHORES, Alabama—DD Partners, LLC of Birmingham, Alabama, and Marietta, Georgia, Peachtree Group of Atlanta, and Woodbine Development Corporation of Dallas announced the development...
Tru by Hilton Surpasses 250 Open Hotels and Announces First New York City Property
MCLEAN, Virginia—This October, Tru by Hilton welcomed new hotels in North Carolina, South Carolina, Texas, and Virginia. Together, the five new Tru by Hilton...
Sonesta Essential NW Houston Opens
NEWTON, Massachusettes—Sonesta International Hotels Corporation announced the opening of Sonesta Essential NW Houston, a 99-room upper-midscale hotel. The hotel is near Route 290 and...
Hyatt Reports Q3 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported third quarter 2023 financial results. Highlights include:
Net income was $68 million in the third quarter of 2023 compared to $28...
CoStar: U.S. Hotel Performance Decreases, Shows Positive Comparisons
WASHINGTON—U.S. hotel performance decreased from the previous week but showed positive year-over-year comparisons, according to CoStar’s latest data through Oct. 28, 2023.
U.S. Hotel...
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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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