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McVC, Peachtree Hotel Group Building Three Florida Hotels

McVC, Peachtree Hotel Group Building Three Florida Hotels

ORLANDO, Fla.—Officials of the PRISA Group, a family-owned developer, builder and owner of green residential communities, hospitality and resort projects in Puerto Rico and Florida, and Peachtree Hotel Group, one of the nation’s fastest growing hotel investment and management platforms, ...

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Provenance Hotels to Open Portland’s The Woodlark in 2017

Provenance Hotels to Open Portland’s The Woodlark in 2017

PORTLAND, Ore.—Two buildings are coming together at the intersection of SW Park and Alder Streets to create the Portland’s next hotel destination. Locally-based Provenance Hotels and NPB Capital purchased the historic Cornelius Hotel, built in 1908 but vacant in recent ...

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HMC Reopens Fredericksburg Inn & Suites

HMC Reopens Fredericksburg Inn & Suites

DALLAS—Leo Spriggs, president and CEO of Hospitality Management Corporation (HMC) proudly announces the completion of a $4 million renovation to this 103-room hotel located on five beautiful acres alongside Barons Creek, just one block from Main Street in the heart ...

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R.D. Olson’s Development Fundamentals

R.D. Olson’s Development Fundamentals

LODGING recently sat down with Bob Olson, founder and CEO of R.D. Olson Development, to discuss his company’s bold investments. What is R.D. Olson’s overall growth strategy? First of all, we look for markets that have multiple demand generators and ...

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U.S. Hoteliers Operate in Low Inflation Environment

U.S. Hoteliers Operate in Low Inflation Environment

ATLANTA—The magnitude of change in the major industry indicators is not pleasing U.S. hotel owners and operators. New development activity continues to accelerate, while growth in average daily room rates (ADR) has decelerated. The sluggish start during the first half ...

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