CoStar: U.S. Hotel Performance Increases From the Previous Week
WASHINGTON—U.S. hotel performance increased from the previous week but showed continued declines year over year, according to CoStar's latest data through March 16, 2024.
U.S....
Marcus Hotels & Resorts Closes on Loews Minneapolis Hotel Acquisition
MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The...
Marcus Hotels & Resorts Agrees to Jointly Acquire Loews Minneapolis Hotel
MILWAUKEE—Marcus Hotels & Resorts announced that it has reached an agreement to jointly acquire the Loews Minneapolis Hotel with Hempel Real Estate and Robinson...
Accor Releases Full-Year and Q4 2023 Results
Accor released full-year and Q4 2023 results. Driven by demand, Accor was able to set records in terms of operating and financial performance. All...
IHG Hotels & Resorts Reports Full-Year 2023 Results
IHG Hotels & Resorts released full-year 2023 financial results. Information from the results includes:
Trading and revenue
Global RevPAR up 16.1 percent year-over-year (YoY) (Q4 up...
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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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