Home / Tag Archives: finance (page 4)

Tag Archives: finance

Feed Subscription

Ashford Completes $142 Million Sale

Ashford Completes $142 Million Sale

DALLAS—Ashford Hospitality Trust, Inc. announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million in cash ($102,000 per key) to Noble Investment Group. The 5-hotel portfolio is comprised of the ...

Read More »

Blackstone Allegedly Planning $1.1 Billion Sale

Blackstone Group is rumored to be selling hotels operated under Hilton Worldwide Holdings’ DoubleTree brand in London, Dublin, and Amsterdam for an estimated $1.1 billion. Blackstone, Hilton’s biggest shareholder, owns about 46 percent of the hospitality company’s shares. To read ...

Read More »

April RevPAR Growth Rebounds After Slow Q1

The U.S. hotel industry saw RevPAR increase 5 percent in April, with an occupancy of 68.1 percent, the highest April occupancy ever recorded. The increase was equally driven by the rise of occupancy (+2.2 percent) and ADR (+2.8 percent). RevPAR ...

Read More »

U.S. Hotel Revenue Growing, But Slowing

U.S. Hotel Revenue Growing, But Slowing

ATLANTA—U.S. hotel revenue growth is slowing down, while expenses are on the rise. According to CBRE Hotels’ Americas Research’s 2016 edition of Trends in the Hotel Industry, operating performance continued to improve in 2015, but at a much slower pace. ...

Read More »

South Korea Company Plans Record-Breaking Sale

In one of the most prominent public offerings since late 2015, South Korea’s Hotel Lotte has planned a share sale next month worth up to $5.7 trillion. The hotel will be listed in an effort to simplify the ownership structure ...

Read More »

Fitch Ratings Predicts Twilight of Upcycle

Fitch Ratings’s mid-year lodging outlook shows the U.S. lodging industry approaching the twilight of an upcycle that began in 2009, with positive RevPAR increases in the last 68 months. Lodging demand growth is declining, but U.S. GDP is accelerating. To watch ...

Read More »
Scroll To Top