Home / Tag Archives: finance (page 5)

Tag Archives: finance

Feed Subscription

Fitch Ratings: U.S. Leisure Unsustainable

Fitch Ratings: U.S. Leisure Unsustainable

NEW YORK—Fitch Ratings expects mid-single digit U.S. leisure transient lodging demand growth to decelerate to the low single digits against the backdrop of heightened geopolitical risk, U.S. dollar (USD) strength, growth in alternative lodging accommodations and Zika-virus related health concerns. ...

Read More »

RLHC to Acquire Vantage Hospitality Group

RLHC to Acquire Vantage Hospitality Group

SPOKANE, Wash. and CORAL SPRINGS, Fla.—Red Lion Hotels Corporation, a growing hospitality company that operates and franchises upscale, midscale, and economy hotels, has announced it has entered into a definitive agreement to acquire the global brands and brand operations of ...

Read More »

Hersha Hospitality Trust to Sell $185 Million Portfolio

Hersha Hospitality Trust to Sell $185 Million Portfolio

PHILADELPHIA—Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced the company has entered into a definitive agreement to sell a 5-hotel suburban portfolio totaling 757 rooms for $185 million, or $244,000 per key. “The sale of this ...

Read More »

My Place Atlanta West/Lithia Springs Opening in October

My Place Atlanta West/Lithia Springs Opening in October

ATLANTA, Ga.—The strong partnership between global transportation and logistics giant, Werner Enterprises, and My Place Hotels of America will soon present a unique offering at My Place Hotel-Atlanta West/Lithia Springs, Ga. The brand new 4-story, 85-unit hotel will serve Atlanta-area ...

Read More »

U.S. Hoteliers Operate in Low Inflation Environment

U.S. Hoteliers Operate in Low Inflation Environment

ATLANTA—The magnitude of change in the major industry indicators is not pleasing U.S. hotel owners and operators. New development activity continues to accelerate, while growth in average daily room rates (ADR) has decelerated. The sluggish start during the first half ...

Read More »

Hunter Sells Hilton Garden Inn Fredericksburg

Hunter Sells Hilton Garden Inn Fredericksburg

ATLANTA—Hunter Hotel Advisors have announced that they acted as exclusive agents in the sale of the 148-room Hilton Garden Inn Fredericksburg. Excel Hotel Group, based in Virginia, purchased the 5-story hotel for an undisclosed amount from a New York private ...

Read More »
Scroll To Top