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Hotel Budget Accuracy Benefits All

Hotel Budget Accuracy Benefits All

Since 2001, PKF Hospitality Research, a CBRE Company (PKF-HR), has assessed the accuracy of hotel budgets. Over the past 14 years, a trend has become very predictable: In times of industry prosperity, hotel budgets are consistently accurate. During the depths ...

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Le Méridien Batumi Opening in 2018

Le Méridien Batumi Opening in 2018

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc., in partnership with Red-Co Ltd, today announced that its Paris-born Le Méridien brand will open in Batumi, the brand’s first location in the Republic of Georgia. Scheduled to open in 2018, the 110-room ...

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AC Hotel to Make Portland Debut

AC Hotel to Make Portland Debut

PORTLAND, Ore.—McWhinney and Sage Hospitality, along with Mortenson Development and Mortenson Construction, have partnered to develop and build the 13-story AC Hotel by Marriott in downtown Portland, on the corner of SW Third Avenue and Taylor Street, planned to open ...

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PwC: ADR Growth to Drive RevPAR Through 2016

PwC: ADR Growth to Drive RevPAR Through 2016

NEW YORK—An updated lodging forecast released today by PricewaterhouseCoopers U.S. (PwC) expects average daily rate (ADR) to drive revenue per available room (RevPAR) increases in a more meaningful way through the second-half of 2015, and into 2016. Recent performance of ...

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DoubleTree by Hilton Opens in Historic Decatur

DoubleTree by Hilton Opens in Historic Decatur

DECATUR, Ala. & MCLEAN, Va.—Hilton Worldwide and DoubleTree by Hilton have announced the opening of the DoubleTree by Hilton Decatur Riverfront, a five-story, 165-room hotel located in historic downtown Decatur, 14 miles from Huntsville International Airport. Formerly a Garden Plaza ...

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