For Sale sign

Five Ways Brokers Work With Hoteliers to Close a Deal

The process of selling or purchasing a hotel can be daunting. Ed James, managing principal at Mumford Company, a full-service hospitality brokerage advisory firm,...
New Orleans recorded the steepest decline in RevPAR during the week of March 22-28.

STR: RevPAR Fell 80.3 Percent in Week Four of March

HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
Home2 Suites by Hilton in Mesa, Arizona

Tower Capital Arranges $20.1 Million for Home2 Suites in Mesa, Arizona

MESA, Ariz. — Tower Capital, an independent structured finance firm, arranged $20,121,000 in development financing for a Home2 Suites by Hilton in Mesa, Arizona....
Profit decline

STR 2020 Outlook: U.S. Hotel RevPAR to Drop 50.6 Percent

HENDERSONVILLE, Tenn. — Due to the impact from the COVID-19 pandemic, the U.S. hotel industry is projected to report a 50.6 percent decline in...
SureStay Hotel by Best Western North Myrtle Beach

BWH Hotel Group Adds Three U.S. Properties

BWH Hotel Group recently announced the opening of three U.S. properties: SureStay Hotel by Best Western Fairfield Napa Valley, California; Best Western Plus Champaign/Urbana...

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Coronavirus impact on economy

UPDATED: How Hotel Brands Are Responding to COVID-19

Leading hotel brands have responded to the COVID-19 pandemic in various ways—from temporarily suspending brand standards and cutting franchise fees to opening their services to...
CARES Act

What Hotel Owners and Operators Need to Know About the CARES Act

On March 27, 2020, President Donald Trump signed into law the Coronavirus Aid, Relief, and Economic Security Act also known as the CARES Act....
Pechanga Warehouse Team Member, Darren Henderson stacks melons and pineapples high on a pallet jack in preparation for donation.

Hotels Step Up to Feed Their Communities During COVID-19

As the number of COVID-19 cases rises nationwide, hotels across the country are shutting their doors and turning off the lights in response to...

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