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A Look at Airport Hotels’ Solid Performance

A Look at Airport Hotels’ Solid Performance

STR counts approximately 2,300 hotels located in or near an airport throughout the United States. In 2015, these hotels had approximately 322,000 rooms available each night, with an available inventory of approximately 115 million room nights in one year. Performance ...

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Why Chinese Investors Are Enticed by U.S. Hotels

Why Chinese Investors Are Enticed by U.S. Hotels

In the last five years, Chinese investors have poured billions of dollars into the U.S. real estate market. Amid concerns over economic uncertainty and a weakening currency, many Chinese investors continue to look overseas to diversify their portfolios. Given the ...

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Crowne Plaza Marina Hotel Sells to Shamin Hotels Affiliate

Crowne Plaza Marina Hotel Sells to Shamin Hotels Affiliate

NEWPORT NEWS, Va.—Mumford Company, a full-service hospitality brokerage advisory firm since 1978, announced they represented the affiliates of Sotherly Hotels in the sale of the Crowne Plaza Marina Hotel, Hampton, Va., to Marina Hotel, an affiliate of Shamin Hotels. Shamin ...

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Crowdfunding Offers Alternative Means of Financing

Crowdfunding Offers Alternative Means of Financing

What goes up must come down. Many experts are saying that the hotel industry has reached the peak of the current cycle. While most industry benchmarks—occupancy, ADR, and RevPAR—are still on the higher end of recent memory, others are starting ...

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My Place Hotels Opens Second Utah Location

My Place Hotels Opens Second Utah Location

WEST JORDAN, Utah—Only 10 months after My Place made its debut in Utah with the opening of My Place Hotel-West Valley City, the brand has announced that Utah’s second My Place location is now open in West Jordan. The opening ...

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Fairmont Newport Beach Sells for $125 Million

Fairmont Newport Beach Sells for $125 Million

ALISO VIEJO, Calif.—Sunstone Hotel Investors has announced the sale of the 444-room Fairmont Newport Beach for a contractual gross sale price of $125.0 million, or approximately $281,500 per key. The sale price of $125.0 million represents a 16.0x multiple on ...

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