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2015 Operating Performance Showed Growth, But Slowing

2015 Operating Performance Showed Growth, But Slowing

Every eight to ten years, two things occur in the U.S. lodging industry—a performance cycle comes full circle and revisions to the Uniform System of Accounts for the Lodging Industry (USALI) are implemented. Both of these factors influenced the information ...

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Extended-Stay Consistently Outperforming Other Tiers

Extended-Stay Consistently Outperforming Other Tiers

As the U.S. lodging industry continues to post healthy results, it is worth examining some niche products and their performance. Many extended-stay chains are now offering their guestsrooms with a full kitchen and, often, silverware and dishware that allow them ...

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Construction Begins on Conrad Washington, D.C.

Construction Begins on Conrad Washington, D.C.

WASHINGTON, D.C.—Hines, an international real estate firm, and Qatari Diar, the real estate development entity of the Qatar Investment Authority (the co-developers of CityCenterDC), Conrad Hotels & Resorts, Hilton Worldwide’s smart luxury hotel brand, and D.C. Mayor Muriel Bowser confirmed ...

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Pacific Hospitality Purchases Two AC Hotels

Pacific Hospitality Purchases Two AC Hotels

IRVINE, Calif.—PHG Hotel Fund I, an affiliate of Pacific Hospitality Group, has announced the purchase of AC Hotel Phoenix Tempe/Downtown in Tempe, Ariz. and AC Hotel Irvine in Irvine, Calif. from Woodbine Development Corporation and USAA. “We are excited to ...

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Significant Supply Headed to Major U.S. Markets

Significant Supply Headed to Major U.S. Markets

DENVER—Many of the top U.S. hotel markets realized record performance figures in 2015, continuing an upward trend that has brought about an unprecedented amount of proposed hotel supply. HVS’s annual Hotel Market Connections conference series, which concluded Thursday, June 16, ...

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