COVID-19 profit 2020

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...
The Sun Bar at Faena Hotel Miami Beach (Photo by Bill Wisser)

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...
Minneapolis - St. Paul - Twin Cities

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...
Profit decline

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...
Cambria Hotel Gatlinburg

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...

Most Popular

Wyndham adds Origin Hotels from The Thrash Group

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...
Comings and goings

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...
Coronavirus / COVID-19

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...