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The Developing Story: Nashville

The Developing Story: Nashville

Due to its vibrant country music scene, Nashville, Tenn., is known to many as “Music City.” However, this booming metropolis is home to more than just successful singers and songwriters. Health care, banking, insurance, and religious printing and publishing companies ...

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Martha Washington Hotel to Become Redbury Hotel

Martha Washington Hotel to Become Redbury Hotel

LOS ANGELES—sbe, the Los Angeles-based lifestyle hospitality company that develops, manages, and operates award-wining hospitality venues, has announced the debut of The Redbury Hotel in New York City, slated to open Q1 2016. The CIM Group recently purchased the Martha ...

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Kimpton Unveils Plans for Seafire Resort and Spa

Kimpton Unveils Plans for Seafire Resort and Spa

GRAND CAYMAN—Kimpton Hotels introduces Seafire Resort + Spa, Seven Mile Beach, Grand Cayman as it officially begins its one-year countdown to opening in November 2016. Seafire reflects Kimpton’s first new build venture in a dedicated resort market and will be ...

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Residence Inn Opens 700th Hotel Worldwide

Residence Inn Opens 700th Hotel Worldwide

BETHESDA, Md.—Celebrating the brand’s 40th anniversary, Residence Inn by Marriott has opened its 700th hotel worldwide. The Residence Inn Chicago Downtown/Loop will be the largest hotel in the extended stay leader’s portfolio, a historic building located in the new distinctive ...

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Fitch: Softer Transient Demand Subdues Confidence

Fitch: Softer Transient Demand Subdues Confidence

NEW YORK—The U.S. lodging upcycle remains solidly intact notwithstanding the litany of concerns that have overtaken investor sentiment this year, according to Fitch Ratings. Falling stock prices (since January), selected guidance cuts (late summer), weak August industry RevPAR data, and ...

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PwC: ADR Growth Lags, Despite Peak Occupancy Levels

PwC: ADR Growth Lags, Despite Peak Occupancy Levels

NEW YORK—An updated lodging forecast released today by PwC US expects revenue per available room (RevPAR) growth in 2015 to be driven more by occupancy than previously expected, as average daily rate (ADR) growth continues to look for a firm ...

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