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PKF: Historic Hotels Continue Strong Performance

PKF: Historic Hotels Continue Strong Performance

Washington, D.C.—The outlook for the U.S. lodging industry, particularly historic hotels, continues to be extremely strong, according to PKF Hospitality Research. For the second consecutive year, PKF Hospitality Research, a CBRE Company (PKF-HR) presented a Historic Hotels of America–PKF-HR five-year ...

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Increasing Occupancy Rates Boost Labor Costs

Increasing Occupancy Rates Boost Labor Costs

One of the most significant findings of the 2015 edition of Trends in the Hotel Industry was the 4.9 percent rise in operating expenses (ExPAR) for U.S. hotels during 2014. This is the greatest annual increase in ExPAR since 2007, ...

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Radisson Red is Coming to the Americas

Radisson Red is Coming to the Americas

MINNEAPOLIS—Carlson Rezidor Hotel Group today announced signings for the first four Radisson RED hotels in the Americas: Radisson RED Bogota, Colombia; Radisson RED Cali, Colombia; Radisson RED Campinas, Brazil; and the Radisson RED Minneapolis Downtown. Carlson Rezidor plans to open ...

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Marriott Divulges Plans for Latin American Expansion

Marriott Divulges Plans for Latin American Expansion

SAO PAULO—Tim Sheldon, president of Caribbean and Latin America operations at Marriott International, announced an expected 75 percent increase in Marriott’s Caribbean and Latin American distribution between 2015 and 2018, including a tripling of the company’s presence in Brazil with ...

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Deal Roundup: The Latest Sales and Acquisitions

Deal Roundup: The Latest Sales and Acquisitions

On Sept. 8, Strategic Hotels & Resorts announced it had entered into a definitive agreement with affiliates of Blackstone Real Estate Partners under which Blackstone will acquire all outstanding shares of common stock of Strategic Hotels for a value of ...

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Noble Investment, IHG to Develop Dual-Branded Seattle Hotel

Noble Investment, IHG to Develop Dual-Branded Seattle Hotel

ATLANTA—Noble Investment Group and IHG (InterContinental Hotels Group) have announced a joint venture to develop a dual-branded EVEN Hotels and Staybridge Suites hotel in downtown Seattle. The nine-story building, expected to open in mid-2017, will be located at the intersection ...

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