Home Finance & Development

Finance & Development

April 2024

CoStar: U.S. Hotel Performance Shows Mixed Results From Previous Week

WASHINGTON—U.S. hotel performance showed mixed results from the previous week but positive comparisons year over year, according to CoStar's latest data through April 6,...

2024 Outlook: Profit Trends Should Stabilize, Despite Lingering Challenges

While there are still many unknowns regarding the economy, STR's data points to further stabilization for the U.S. hotel industry. Aligned with record highs...
Aerial view of Phoenix, Arizona, skyline as seen from Scottsdale

Rockpoint and Highgate Announce Sale of Scottsdale Plaza Resort and Villas

BOSTON, Massachusetts, and SAN FRANCISCO, California—Rockpoint and Highgate announced the sale of the Scottsdale Plaza Resort and Villas, a historic hotel in Paradise Valley,...
Kimpton Las Mercedes

Kimpton Las Mercedes to Serve as Brand’s First Hotel in the Dominican Republic

ATLANTA—Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, announced it will open a new boutique hotel in Santo...

Two Sonesta Essential Hotels Open in West Virginia and Texas

NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of two new upper-midscale Sonesta Essential hotels in March. Sonesta Essential Morgantown is a 57-room hotel...

Most Popular

device monitoring

Enhancing Hospitality Excellence: The Vital Role of Device Monitoring

In the dynamic world of the hospitality industry, where customer satisfaction reigns supreme, every detail counts. From the moment a guest steps foot into...

DiamondRock Hospitality Takes On Leadership Changes

DiamondRock Hospitality Company announced leadership changes and a simplified organizational structure to drive continued business momentum: Jeffrey Donnelly, previously executive vice president and chief financial...
100 properties in Europe

Marriott Plans to Add 100 Properties in Europe Through 2026

From the International Hospitality Investment Forum in Berlin, Marriott International, Inc. announced plans to add nearly 100 properties and over 12,000 rooms to its...