Lodging Daily News

McLEAN, Virginia—With consumer demand for non-alcoholic cocktails on the rise, Hilton debuted a beverage program for its newest lifestyle brand, Tempo by Hilton. At the newly opened Tempo by Hilton Times Square, as well as all future Tempo by Hilton properties, the bar will have a menu of Spirited and Free-Spirited cocktails. Each beverage is a take on a classic recipe, with the Spirited selections containing alcohol; the Free-Spirited selections mirror the Spirited cocktails but

The booming industry recovery has touched chains and independent hotels alike, but the role of supply growth in that recovery has varied across the two segments. After a 2022 that produced just a 1.8 percent increase in U.S. hotel supply, the first five months of 2023 resulted in a lift of just 0.3 percent. Given the seemingly never-ending pent-up leisure business, this slow supply growth has only added to hoteliers’ already strong pricing power built

CHARLESTON, South Carolina—Charlestowne Hotels announced its expansion in the Midwest with the boutique property Hotel Verdant. The 80-room adaptive reuse project in Racine, Wisconsin, is located in what was once the Zahn’s Department Store building, a shopping location. Vacant for the past 40 years, the Monument Square landmark is downtown’s newest hotel built in decades. “Charlestowne specializes in managing adaptive reuse projects and properties situated in secondary markets, making Hotel Verdant a dream hotel for

SCOTTSDALE, Arizona—Arriba Capital announced that it closed a ground-up construction loan for a Holiday Inn Express and Staybridge Suites dual-brand property in the CBD of Houston, Texas. The property is being developed and managed by Houston-based Neway Hospitality. The loan was sized to a 75 percent loan to cost with a $34,500,000 senior loan and $18,000,000 of C-PACE financing. Ryan Bosch, principal at Arriba, stated, “The Neway Hospitality group are experienced hotel developers, owners, and

ABERDEEN, South Dakota—My Place Hotels of America has opened My Place Hotel Boise/Nampa, ID-Idaho Center in Nampa, Idaho. The property, owned by Rimrock Companies and managed by Johnson Hospitality, has 85 keys and is situated in the Boise-Meridian-Nampa metropolitan corridor. “As we establish our presence in Boise/Nampa, we’re immersing ourselves in a community celebrated for its green parks, premier golf courses, and venues that light up with iconic concerts and thrilling horse races,” said Ryan