Trends in Rooms Department Costs: A Study in Fixed and Variable Expenses
During 2020, most U.S. hotel operators limited or eliminated cleaning stayover rooms and serving complimentary breakfast and/or evening cocktail receptions to reduce contact between...
10 Ways Hotels Are Celebrating the Holidays
As the holiday season draws near, hotels are coming out with special programming, packages, and amenities to help their guests get in the holiday...
Marcus Hotels & Resorts Forms a Joint Venture With Searchlight Capital Partners
MILWAUKEE—Marcus Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation, has formed a joint venture with funds...
U.S. Travel Association and Tourism Diversity Matters Form Partnership
WASHINGTON—The U.S. Travel Association and Tourism Diversity Matters announce a new strategic partnership that will strengthen the association’s focus and support of the industry...
IHG Hotels & Resorts Opens voco Times Square South
NEW YORK—IHG Hotel & Resorts and Ascott Residence Trust announce the opening of voco Times Square South. As New York City reawakens and Broadway...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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