Revised Forecast: U.S. Hotel Room Revenue Unlikely to Recover Until 2024
HENDERSONVILLE, Tenn. — Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, according to the slightly downgraded...
STR: U.S. Hotel Performance Continues Upward Creep in the First Week of August
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of August 2-8, 2020, showed slightly higher occupancy and room rates from the previous...
RUP and HHG Secure $42 Million for Residence Inn at Gateway at Millbrae Station
SAN JOSE, Calif. — After seven months of negotiations, in the middle of a global pandemic where construction loan closings for hospitality have been...
Rodeway Inn in Loveland, Colorado, Sold for More Than $2.8 Million
LOVELAND, Colo. — Marcus & Millichap, a commercial real estate investment services firm with offices throughout the United States and Canada, recently announced the...
Latin America’s Hotel Construction Pipeline Declines 4 Percent in Q2 2020
PORTSMOUTH, N.H. — According to Lodging Econometrics' (LE) Q2 2020 Latin America Hotel Construction Pipeline Trend Report, the total hotel construction pipeline in Latin...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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