NORTH BETHESDA, Maryland—Choice Hotels International, Inc. announced that it has promoted Sireesha Kunduri to chief of product engineering. In her new role, Kunduri will lead the software product delivery functions within Choice’s technology team to support its portfolio of hotel brands, revenue management, membership rewards, and more. Kunduri joined Choice in 2016 as director, engineering and was promoted to vice president, engineering in 2019. “Choice operates at the intersection of hospitality, franchising, and technology, and
JLL’s Ketan Patel Discusses the Current Market and Hotel Investment Landscape
Category: Conferences and Events, Featured
At the 2024 Hunter Hotel Investment Conference, the overall sentiment about hotel deals was that while rates and expenses are higher, deal activity is still occurring in the space. Many also expect the second half of the year to perform better than the first. LODGING spoke with Ketan Patel, managing director, JLL Hotels & Hospitality Group, about the segments and markets that are attractive to hotel investors and what’s coming for the rest of the
CoStar: U.S. Hotel Performance Increases From the Previous Week
Category: Finance, Finance & Development, Market Reports
WASHINGTON—U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar’s latest data through March 16, 2024. U.S. Hotel Performance March 10-16, 2024 Percentage change from comparable week in 2023:Occupancy: 66.5 percent (down 1.4 percent)ADR: $163.21 (down 2.1 percent)RevPAR: $108.51 (down 3.5 percent) Among the Top 25 Markets, Seattle reported the largest year-over-year increases in occupancy (up 12.7 percent to 73.0 percent) and RevPAR (up 21.7 percent to
Access Point Financial (APF) announced the launch of its PIP Renovation Program designed to support hotel owners in meeting franchisor-mandated improvements and refreshing their assets. The PIP Renovation Program is a solution to allow hotel owners to access capital for the costs involved in completing required renovations. Additionally, this program can include CapEx Loans for a property refresh that is not associated with a franchisor-mandated PIP. “At APF, we understand the dynamic needs of hotel owners in
A Source of Support
Category: Special Series, Women in Lodging
What initially inspired you to get into the hospitality business? My inspiration initially came from my older brother, seeing him work in the restaurant industry, but it wasn’t until I gained first-hand experience in the fine dining segment that I became hooked. With that came my desire to blow guests away with the experience that the teams and I were able to create. Who were some of your mentors or role models, male or female,
