Luxury Hotel Market to Grow to $115.80 Billion by 2025
The global luxury hotel market is expected to reach $115.80 billion by 2025, according to a new report by Grand View Research, Inc. Registering...
DSH Hotel Advisors Arranges $7 Million Sale of Port Charlotte Microtel
TAMPA—DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, Fla., announced that Dennis Hopper, managing principal, closed on Microtel Inn...
VICI to Acquire Blackstone’s Interest in MGM Grand Las Vegas and Mandalay Bay Joint...
NEW YORK—Blackstone Real Estate Income Trust, Inc. (BREIT) and VICI Properties Inc. announced jointly that they have entered into a definitive agreement in which...
JLL Hotels & Hospitality Group Closes Sale of Two Massachusetts Hotels
BOSTON—JLL's Hotels & Hospitality Group announced today that it has closed the sale of two select-service hotels totaling 171-keys in Lenox, Massachusetts.
JLL marketed the...
Cost Controls Drove Hotels’ Profit Growth in 2016
U.S. hoteliers enjoyed a seventh consecutive year of increasing profits in 2016 despite a slowdown in the rate of revenue growth. According to the...
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Choice Hotels Publishes 2023 ESG Report
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across...
World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique...
Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
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