STR: Significant RevPAR Declines Are the “New Normal”
HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
STR: More Than 75 Percent of U.S. Hotel Rooms Are Empty
HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
Five Insights from Marcus & Millichap’s Updated Hospitality 2020 Outlook
As the hotel industry continues to feel the impact of COVID-19, Marcus & Millichap released an Updated Hospitality 2020 Outlook taking into account the...
Baird/STR Hotel Stock Index Dropped 36 Percent in March
HENDERSONVILLE, Tenn., and MILWAUKEE — The Baird/STR Hotel Stock Index dropped 36 percent in March to a level of 2,748. Year to date through...
Are Third-Party Fees and Commissions Worth the Cost?
Effectively managing and marketing hotel properties sometimes requires an outside perspective. This is why owners will frequently pay third parties fees and commissions for...
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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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