Hotel renovation

Behind the Conversion Trend

Attorney David Reina of Morris, Manning & Martin LLP’s Hospitality Practice already observes a clear uptick in acquisitions of distressed hotels for conversion into...
February 2021

STR: U.S. Hotel Occupancy Up 4 Percentage Points in Second Week of February

HENDERSONVILLE, Tennessee—U.S. hotel occupancy increased more than 4 percentage points in the second week of February over the previous week, according to STR's latest...
33 Degrees

Hotel Equities and Virtua Partners Form 33 Degrees

Alpharetta, Ga. — Hotel Equities and affiliated global private equity group Virtua Partners officially announced the launch of 33 Degrees, a master brand encompassing...
February 2021

STR: U.S. Hotel Occupancy at 40.9 Percent in First Week of February

HENDERSONVILLE, Tennessee — In the first week of February, U.S. weekly hotel occupancy remained relatively flat from the previous week, according to STR's latest...
COVID-19 profit 2020

Baird/STR Hotel Stock Index Down 8.2 Percent in January

HENDERSONVILLE, Tennessee, and MILWAUKEE — The Baird/STR Hotel Stock Index dropped 8.2 percent in January 2021 to a level of 4,199. “Hotel stocks pulled back...
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