Return on investment (ROI) is always top of mind when considering the purchase of hotel systems. Few want to buy a system that will pay for itself in five to 10 years—especially those with a bent toward flipping a property. ...

NEW YORK—The 1,985-room New York Hilton Midtown recently completed its executive level room refurbishment incorporating 187 guestrooms and 41 suites on floors 39-44, which constitutes the first phase of a complete guestroom renovation program planned for the next few years. ...