The Plasencia Group Forms TPG Lodging Capital Nexus
TAMPA, Fla. — The Plasencia Group today announced the formation of TPG Lodging Capital Nexus, created to match capable providers of capital with owners...
STR March P&L Data: GOPPAR Fell 101.7 Percent
BROOMFIELD, Colo. — U.S. hotel gross operating profit per available room (GOPPAR) fell 101.7 percent during March 2020, according to the first-ever monthly P&L...
Rest and Relaxation: Health Movement Leads to Growth in Hotel Spas
In 2007, CBRE introduced Trends in the Hotel Spa Industry in response to the spa industry’s rapid expansion within hotels and resorts and its...
Marriott Reaffirms Commitment to Starwood Deal
BETHESDA, Md.—Marriott International today reaffirmed its commitment to acquire Starwood Hotels & Resorts Worldwide, confident that the previously announced amended merger agreement is the...
STR: U.S. Weekly Hotel Occupancy Drops to Lowest Level Since Early May 2020
HENDERSONVILLE, Tennessee — U.S. weekly hotel occupancy fell to its lowest level since early May, according to STR's data for the week of December...
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Enhancing Hospitality Excellence: The Vital Role of Device Monitoring
In the dynamic world of the hospitality industry, where customer satisfaction reigns supreme, every detail counts. From the moment a guest steps foot into...
Marriott Plans to Add 100 Properties in Europe Through 2026
From the International Hospitality Investment Forum in Berlin, Marriott International, Inc. announced plans to add nearly 100 properties and over 12,000 rooms to its...
Calling His Shots: Industry Veteran Kenneth Fearn Prioritizes Need for More Diverse Hotel Ownership
When Kenneth Fearn entered the lodging industry a couple of decades ago, many of the diversity and inclusion programs that now exist were just...
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