Hotstats: U.S. Hotel Industry Breaks Even in December
LONDON — The U.S. hotel industry returned to break-even profit in December, according to the latest report from Hotstats. December's gross operating profit per...
Accor Partners With Faena Group to Expand the Lifestyle Brand Globally
PARIS — Alan Faena and Len Blavatnik of Faena Group along with Sébastien Bazin, chairman and CEO of Accor, announced this week the launch...
Le Meridien Chambers Minneapolis to Go Independent Following Sale
MINNEAPOLIS — Hodges Ward Elliott (HWE), a boutique real estate capital markets advisor, arranged the sale of Le Meridien Chambers Minneapolis, a 60-room hotel...
STR, Tourism Economics Slightly Downgrade U.S. Hotel Forecast
HENDERSONVILLE, Tennessee — Worsened pandemic metrics and assumptions of limited early-year travel led STR and Tourism Economics to slightly downgrade their latest U.S. hotel...
VRL Hotels to Develop Cambria Hotels in Gatlinburg and Pigeon Forge, Tennessee
ROCKVILLE, Md. — Choice Hotels International, Inc., has awarded franchise agreements to Victor Patel of VRL Hotels to develop new Cambria Hotels in Gatlinburg...
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Wyndham Adds Sevens Hotels Owned by The Thrash Group to its Namesake Brand
PARSIPPANY, N.J. — Wyndham Hotels & Resorts announced plans for further growth with seven new hotel franchise agreements for its namesake Wyndham brand in...
This Week’s Comings and Goings
Joe Isaac has been promoted to senior vice president, mergers and acquisitions, for Aimbridge Hospitality. Isaac worked as vice president, financial operations and accounting...
HotStats: Hotels in Middle East and Asia-Pacific End 2020 on a High Note
LONDON — Hotstats recently released its global hotel performance data for December and full year 2020. The U.S. hotel industry returned to break-even profit...