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Slow Growth Challenges U.S. Hotel Margins

Slow Growth Challenges U.S. Hotel Margins

NEW YORK—Hotel RevPAR will turn negative in the second half of 2017 as weak corporate and decelerating group demand challenge asset owners looking to offset expense growth, Fitch Ratings says. While lodging companies have cited relative leisure strength as an ...

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Home2 Suites Opens First Oregon Property

Home2 Suites Opens First Oregon Property

EUGENE, Ore.—Home2 Suites by Hilton, part of Hilton’s industry-first All Suites portfolio, announced its newest property, Home2 Suites by Hilton Eugene Downtown University Area. Offering 120 new suites, the hotel brand introduces its first property to Oregon as it continues ...

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Staybridge Suites Opens in Maryland Heights, Mo.

Staybridge Suites Opens in Maryland Heights, Mo.

ST. LOUIS—A $16 million Staybridge Suites recently opened at 25 Progress Parkway in Maryland Heights, Mo. The 122-room all-suites hotel will be managed by Midas Hospitality, a premier hotel management group. The hotel was built by Midas Hospitality’s sister company ...

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RLHC to Add Hotels in North Carolina and Georgia

RLHC to Add Hotels in North Carolina and Georgia

SPOKANE, Wash.—RLHC (Red Lion Hotels Corporation) announced today that the company has entered into franchise license agreements to open a Red Lion Inn & Suites in Fayetteville, N.C. and a GuestHouse Hotel in Warner Robins, Ga. The properties are expected ...

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Waramaug LS Hotels Buys Holiday Inn Express Hauppauge

Waramaug LS Hotels Buys Holiday Inn Express Hauppauge

BOCA RATON, Fla.— Waramaug LS Hotels announced today the acquisition of the Holiday Inn Express Hauppauge Long Island, in Hauppauge, N.Y. Opened in 2001, the seven-story, 133-room hotel recently underwent a comprehensive renovation, upgrading the entire property to latest brand ...

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