MCR Acquires Two Hotels in Phoenix, Arizona
NEW YORK—MCR has acquired two hotels in or near Phoenix, Arizona: the 169-room Holiday Inn Express & Suites Scottsdale – Old Town and the...
CoStar: U.S. Hotel Occupancy Reaches Highest Level Since 2019
WASHINGTON—U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to CoStar’s latest data through July 22, 2023.
U.S....
OUTRIGGER Finalizes Acquisition of Kā’anapali Beach Hotel
HONOLULU—OUTRIGGER Resorts & Hotels finalized its acquisition of the Kā‘anapali Beach Hotel, situated on Kā‘anapali Beach. The 11-acre, 432-room property will be under the...
Wyndham Hotels & Resorts Reports Q2 2023 Results
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced results for the three months ended June 30, 2023. Highlights include:
Global RevPAR grew 7 percent compared to...
Hilton Reports Q2 2023 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its second quarter 2023 results. Highlights include:
Diluted EPS was $1.55 for the second quarter, and diluted EPS, adjusted...
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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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