The Positive Signs of Hotel Lending Recovery
Hotels and the hospitality industry have suffered significantly during the pandemic, with lockdowns and health concerns across the world halting prospective travel. However, at...
STR: U.S. Hotel Occupancy Reaches 60 Percent
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy reached the 60 percent mark for the first time since the start of the pandemic, according to STR‘s latest...
STR: U.S. Hotel GOP Reached 60 Percent of 2019 Levels in April 2021
BROOMFIELD, Colorado—Gross operating profit (GOP) for U.S. hotels reached 60 percent of the comparable 2019 level, according to STR‘s April 2021 monthly profit and...
The Complex World of Hotel Financing
Hospitality is among a small handful of industries that have borne the brunt of the pandemic’s economic impact. From steep revenue losses to difficult...
Mumford Company Completes Sale of Multiple Hotel Properties
NEWPORT NEWS, Virginia—Mumford Company, a full-service hotel advisory firm since 1978, completed the sale of three properties, including the Best Western Plus Regency Park,...
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An Inside Look at Mattresses: Delving Into the Technology Prior to Procurement
A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need...
Accor Releases Q1 2024 Results
The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are...
Hilton Garden Inn Atlanta East/Stonecrest Completes Renovation
STONECREST, Georgia—Artemis Hotel Group announced the completion of a full-scale renovation for the Hilton Garden Inn Atlanta East/Stonecrest, located in Lithonia, Georgia.
The 110-room property...
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