My Place Hotels Open in Three States
As extended-stay hotels continue to outperform the wider hospitality industry, My Place Hotels of America is expanding its footprint and this month announced the...
Loews Purchases Hotel 1000
NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, has announced that it has entered into an agreement to purchase the...
Los Angeles Has the Country’s Largest Hotel Construction Pipeline
PORTSMOUTH, N.H. — In the most recent Lodging Econometrics (LE) Construction Pipeline Trend report on Los Angeles, LE reported that Los Angeles has a...
CRE Outlook Forecasts Stable But Slow Growth for Hospitality
After years of growth, the commercial real estate outlook is cautiously optimistic, with moderate, steady growth forecasted for the year ahead, according to a...
Jordache Investment Arm Buys Setai Miami Beach
MIAMI BEACH, Fla.—Nakash Holdings, the investment company controlled by the founders of Jordache Enterprises of designer jeans fame, has purchased the 130-room Setai Hotel...
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STR: December’s Occupancy, RevPAR Reach Lowest Level Since May
HENDERSONVILLE, Tennessee—The U.S. hotel industry showed performance levels closer to earlier months of the pandemic, according to December 2020 data from STR.
U.S. Hotel Performance
December...
STR: 2020 Is Officially the Worst Year on Record for U.S. Hotels
HENDERSONVILLE, Tennessee—According to year-end 2020 data from STR, the U.S. hotel industry reported all-time lows in occupancy and revenue per available room (RevPAR).
In addition...
Sonnenblick-Eichner Company Arranges $30.5 Million for Little Palm Island Resort in Florida Keys
Beverly Hills, Calif. — Sonnenblick-Eichner Company has arranged $30.5 million of interim first mortgage financing for Little Palm Island Resort & Spa, a 30-suite,...