The Road to Recovery: Working on Policies That Will Provide Relief to Hotels and...
When I joined the American Hotel & Lodging Association (AHLA) 13 months ago, I could not have imagined the devastation our industry was about...
U.S. Lost 5.6 Million Travel-Supported Jobs in 2020
WASHINGTON, D.C. — Travel's economic footprint in the United States shrank 42 percent last year, from $2.6 trillion to $1.5 trillion, according to new...
Sonesta Completes RLH Acquisition
NEWTON, Mass. — Sonesta International Hotels Corporation on Wednesday announced the completion of its previously announced acquisition of RLH Corporation. As a result, Sonesta...
Capstone Equities Launches Rebel Hospitality to Manage Hotel Portfolio
NEW YORK — Capstone Equities, a New York-based private equity firm, announced that it will self-manage its portfolio of hotels with the launch of...
Mississippi-Based MMI Expands in Texas and Tennessee
JACKSON, Miss. - MMI Hotel Group announced that it has been selected to manage two separate projects in Tennessee and Texas. This spring, MMI...
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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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