When Management Fee Growth Threatens The Profits It Reflects
The U.S. lodging industry’s recovery from the depths of the recent recession was characterized by strong growth in rooms revenue (RevPAR) concurrent with strict...
How Joining SureStay Boosted a Washington Hotel’s Occupancy
The recently renovated, 54-room SureStay Hotel by Best Western Wenatchee in Wenatchee, Wash., was an independent property until August 31 of last year. Then,...
PMZ Realty Capital Arranges Financing for Three Hilton Properties
NEW YORK—PMZ Realty Capital LLC announced that it arranged over $60 million in financing in the last few weeks for three separate Hilton properties.
The...
RADCO Acquires Three Courtyard by Marriott Properties
ATLANTA—The RADCO Companies (RADCO) added three properties to its portfolio. Focused on Southeastern markets with business and tourist populations, RADCO has acquired three Courtyard...
Baird/STR Hotel Stock Index Ended 2022 15 Percent Down
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index dropped 10 percent in December to a level of 4,885. For 2022 as a whole, the...
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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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