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Fourth U.S. AC Hotel by Marriott Debuts in Chicago

Fourth U.S. AC Hotel by Marriott Debuts in Chicago

MILWAUKEE—Marcus Hotels & Resorts, a division of The Marcus Corporation, and Marriott International, Inc. announced today the opening of the AC Hotel Chicago Downtown. The 226-room hotel located at 630 N. Rush Street is the fourth AC Hotels by Marriott ...

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WoodSpring Suites Announces Denver Development Deal

WoodSpring Suites Announces Denver Development Deal

NEW YORK—WoodSpring Suites has entered into a multi-unit agreement with Pure Strike Development, LP and CAMTOD Group to develop six new hotels in the Denver, Colo. area over the next four years. This represents the first major development agreement to ...

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Hotel Operating Metrics Hit Record Highs

Hotel Operating Metrics Hit Record Highs

Now at 3,885 projects with 488,230 rooms, the total construction pipeline has shown seven consecutive quarters of growth, with the last three quarters posting year-over-year gains of 20 percent or greater. The pipeline is approximately halfway through the expansion phase ...

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Wyndham and Corinthian Sign Multi-Unit Wingate Deal

Wyndham and Corinthian Sign Multi-Unit Wingate Deal

PARSIPPANY, N.J.—At the 37th Annual NYU International Hospitality Industry Investment Conference in New York City today, Wyndham Hotel Group announced it has entered into an agreement with Corinthian Development Company to develop more than 15 new-construction Wingate by Wyndham properties ...

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How to Deal: Leveraging Assets for Optimal Returns

How to Deal: Leveraging Assets for Optimal Returns

The hotel business is attracting a lot of investment money and there’s a good reason for that. “The market fundamentals are as good as we’ve seen since we’ve been in this business,” says Jim Merkel, president and CEO of Columbus, ...

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