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Wyndham Acquires Dolce Hotels and Resorts for $57M

Wyndham Acquires Dolce Hotels and Resorts for $57M

PARSIPPANY, N.J.—Wyndham Hotel Group today announced it has acquired Dolce Hotels and Resorts, a provider and manager of group accommodations with a portfolio of 24 properties and more than 5,500 guestrooms across seven countries in Europe and North America, for ...

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Lexington by Vantage Opens First Colorado Property

Lexington by Vantage Opens First Colorado Property

CLEVELAND—Lexington by Vantage, a collection of inns, hotels, and suites in the midscale to upscale lodging segments, continues to grow with the opening of the Lexington Inn & Suites Denver Airport at Gateway Park in Aurora, Colo. Lexington is a ...

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Delta Acquisition to Bolster Marriott’s Growth

Delta Acquisition to Bolster Marriott’s Growth

Following the best growth year in the company’s history, Marriott International will expand its global footprint even further once it adds Delta Hotels and Resorts, a full-service brand with 38 properties and 10,000 rooms across Canada, to its portfolio. Marriott ...

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Strong Revenue Performance Driven by ADR Growth

Strong Revenue Performance Driven by ADR Growth

NEW YORK—Hotels in major North American markets experienced strong growth in rate across all travel segments according to data from the January 2015 TravelClick North American Hospitality Review (NAHR). With average daily rate (ADR) growth of 4.5 percent for the ...

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More Properties Able to Cover Their Interest Payments

More Properties Able to Cover Their Interest Payments

Much has been written about how U.S. hotel owners and operators are profiting from the current strong lodging market conditions. Revenues have returned to pre-recession levels and are expected to experience real growth through 2017. On the bottom line, net ...

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