Lodging Daily News

CHICAGO, Illinois—Maverick Hotels and Restaurants announced that it has added another property in the state of Illinois to its growing portfolio. Maverick Founder and CEO Robert Habeeb made the announcement. Located in Rockford along the banks of the Rock River, the 84-room Riverview Inn & Suites, Ascend Hotel Collection, offers guestrooms that include amenities like pillowtop mattresses, seating areas, a flat-screen TV, WiFi, and a desk area. All of the rooms are also equipped with

NEWTON, Massachusettes—Sonesta International Hotels Corporation announced the appointment of Bob Gunkel as chief financial officer. “We welcome Bob Gunkel to Sonesta and look forward to leveraging his 25 years of experience leading financial operations within the hospitality industry,” said John Murray, president and CEO at Sonesta. “As an accomplished financial executive at both large public and small private companies, Bob has the comprehensive experience, problem-solving and analytical skills, and strong work ethic that we believe

NEW YORK—PMZ Realty Capital LLC announced it arranged a $40 million refinancing loan for the Hilton Garden Inn Atlanta Downtown in Atlanta, Georgia. A European bank provided the five-year interest-only loan, and the borrower, Legacy Ventures, will be using the part proceeds to pay off the existing debt and contribute to reserves for a future property improvement plan. “This was our sixth transaction with PMZ, representing over $250 million of financing for our Atlanta Hotel

The key to keeping your business at the top of your game is knowing your customers and the larger trends shaping the industry you’re in. In the case of hospitality, that means understanding what event planners and travelers are looking for from their venues, but it also means understanding how venues are being selected, how and where rooms are being booked, current rates, and more. There are a lot of moving parts, and you need

IHG Hotels & Resorts announced its Q3 2023 trading update through September 30, 2023. Highlights include: Q3 group RevPAR up 10.5 percent versus 2022, with Americas up 4.1 percent, EMEAA up 15.9 percent, and Greater China up 43.2 percent Q3 group RevPAR up 12.8 percent versus 2019, with Americas up 13.8 percent, EMEAA up 17.5 percent, and Greater China up 9.3 percent Average daily rate up 4.1 percent versus 2022, up 14.8 percent versus 2019;