Pebblebrook Hotel Trust Acquires Gurney’s Newport Resort & Marina
BETHESDA, Maryland—Pebblebrook Hotel Trust announced it has acquired the 257-room Gurney’s Newport Resort & Marina in Newport, Rhode Island for $174.0 million.
Gurney’s Newport is...
CBRE Arranges Financing for the Hotel Indigo Houston at the Galleria
HOUSTON—CBRE has arranged financing for the purchase of the Hotel Indigo Houston at the Galleria, a 131-key hotel located in Houston’s uptown submarket. The...
Budgeting for Mobile Key: Operating Expense or Capital Expenditure?
Mobile keyless entry is becoming a hotel industry standard. Every major hotel brand has a mobile key initiative in place. From REITs to independent...
STR: U.S. Weekly Occupancy Falls to Lowest Level Since Late May
HENDERSONVILLE, Tennessee—During the week of Thanksgiving, U.S. hotel occupancy fell to its lowest weekly level since late May, according to the latest data from...
HREC Investment Advisors Arranges Sale of Aloft Sugarloaf/Lawrenceville
DENVER, Colorado; ATLANTA, Georgia; & WASHINGTON, D.C.—HREC Investment Advisors announced it has arranged the sale of the 112-room Aloft Sugarloaf/Lawrenceville, located in Lawrenceville, Georgia....
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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