Lodging Staff
CBRE Forecasts Growth for Austin Hotel Market
AUSTIN—In 2018, demand in the Austin hotel market remained steady, although it declined slightly from 2017, with an overall rise in average daily room rates, according to CBRE Hotels Research. Experts predict the market...
This Week’s Comings and Goings
Real estate investor and operator Waterton is welcoming Matt Mering as executive vice president, hospitality, and he will grow investment strategies, asset management, and investor relationships. Before Waterton, Mering was director of development for...
Charlestowne Assumes Management of Hotel Weyanoke in Virginia
Farmville, Va.—Charlestowne Hotels has added Hotel Weyanoke to its growing management portfolio. Located near Longwood University’s campus, the 70-room hotel recently underwent a $12 million renovation. The original structure houses 27 of the rooms...
Deal Report: Seven Hotel Sale and Financing Announcements
KHP Capital Partners Closes $361 Million Hotel Investment Fund
KHP Capital Partners (KHP), a private real estate investment firm focused on acquiring and creating boutique and independent hotels, has closed on $361 million of commitments...
New Hotel Supply and Strong Economy Influence Hotel Forecast
New hotel rooms coming onto the U.S. market shouldn’t be a concern for established hotel operators because demand will continue to exceed moderating new-supply levels through 2019, according to the latest CBRE Hotel Horizons report.
CBRE Hotels...
Marriott Becomes Official Hotel Sponsor of Brand USA’s United Stories Campaign
WASHINGTON—Brand USA, the destination marketing organization for the United States, announced that Marriott International is the official hotel sponsor for United Stories. The sponsorship will help expand the global reach of the United Stories...
