Post-Boom Period: Slowing U.S. Hotel Industry Performance Growth Hitting Development and Transactions
The U.S. hotel sector posted healthy performance growth during the first quarter of 2023 despite ongoing economic concerns presenting more hurdles for the leisure...
My Place Hotels of America and Rimrock Companies Enter Development Agreement
ABERDEEN, South Dakota—My Place Hotels of America entered into a two-phase franchise and development agreement with Rimrock Companies for 10 extended-stay hotels throughout the...
Lodging Econometrics: Marriott, Hilton, and IHG Lead U.S. Hotel Construction Pipeline
In the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts detailed the leading franchise companies and their brands in...
Choice Brings Cambria to Peach State With Savannah Opening
SAVANNAH, Georgia—The recent grand opening of the Cambria Hotel Savannah Downtown Historic District was a natural choice for the brand’s first foray into the...
STR: Four World Regions Show Year-Over-Year Decline in Construction Activity
LONDON—Each of the four world regions showed a year-over-year decline in hotel construction activity. Asia Pacific is closest to its 2022 comparable, according to...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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