Rates Refuse to Fall: Hotel Industry Faces Uncertainty as Global and Domestic Pressures Build
In a financial climate once thought to be trending toward lower interest rates, recent market behavior has upended expectations, revealing stubbornly high rates despite...
CoStar: U.S. Hotel Industry Reports Negative Year-Over-Year Performance
WASHINGTON—As projected for election week, the U.S. hotel industry reported negative year-over-year performance comparisons, according to CoStar's latest data through Nov. 9, 2024.
U.S....
Wyndham Hotels & Resorts Partners With Lafayette Square
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts has teamed up with investment firm Lafayette Square to provide diverse hoteliers with improved access to capital. Through...
Amadeus Reports Q3 2024 Financial Results
Amadeus reported Q3 2024 financial results. Highlights for the nine months ended September 30, 2024, (relative to the prior year) include:
Air distribution revenue grew...
Mesa West Capital Provides Loan to Refinance Thompson Savannah
NEW YORK—Mesa West Capital has provided a joint venture led by Regent Partners (Regent) and Mariner Group (Mariner) with $50 million in short-term first...
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HHP Acquires Dual-Branded Hyatt Hotel in Charleston
CHARLESTON, South Carolina—Highline Hospitality Partners (HHP) announced the acquisition of the dual-branded Hyatt Place/Hyatt House Charleston Historic District. This acquisition marks HHP’s 13th and...
Waldorf Astoria New York to Open Lex Yard in Spring 2025
NEW YORK CITY—Waldorf Astoria New York shared details on the property’s signature restaurant, Lex Yard, helmed by Chef Partner Michael Anthony. Expected to debut...
Peachtree Group Breaks Ground on Residence Inn by Marriott in San Antonio
ATLANTA, Georgia, and SAN ANTONIO, Texas—Peachtree Group celebrated the groundbreaking of a new 171-room studio-suite Residence Inn by Marriott in downtown San Antonio, Texas,...
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