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LODGING Staff

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investing

IHG Hotels & Resorts Reports Full-Year 2023 Results

IHG Hotels & Resorts released full-year 2023 financial results. Information from the results includes: Trading and revenue Global RevPAR up 16.1 percent year-over-year (YoY) (Q4 up 7.6 percent); global RevPAR up 10.9 percent versus 2019 (Q4...

Noble House Promotes Darrell Stark to VP of Revenue Strategy and Sales

KIRKLAND, Washington—Noble House Hotels & Resorts announced the promotion of Darrell Stark to vice president of revenue strategy and sales. Stark brings over three decades of expertise to his new position. With a career encompassing...

CBRE: Commercial Real Estate Lending Market Shows Stabilization

DALLAS, Texas—The commercial real estate lending market demonstrated signs of stabilization at the end of 2023, with borrowing costs appearing to have peaked, even as transaction activity remains subdued, according to the latest research...
Gold Coast Kitchen

Gold Coast Kitchen + Cocktails Opens at Miami Marriott Biscayne Bay

MIAMI—Miami Marriott Biscayne Bay announced the launch of its new restaurant, Gold Coast Kitchen + Cocktails—a coastal cuisine concept with seasonal menu items; a citrus-forward menu of drinks; and a selection of white, rosé,...
Hotel Granduca

JLL Capital Markets Arranges Financing for Hotel Granduca

NEW YORK— JLL Capital Markets announced that it arranged $30.6 million in financing for the 122-key Hotel Granduca in Houston, Texas. JLL represented the borrower, Transwestern Hospitality Group, and secured the five-year, floating-rate loan from Prime...