Hotel Transaction Downtrend: Interest Rates Played Major Role in Soft 2023 U.S. Market
The “higher-for-longer” interest rate environment had a chilling impact on the U.S. hotel transaction market in 2023. After a strong 2022, only $22 billion...
Marcus Hotels & Resorts Closes on Loews Minneapolis Hotel Acquisition
MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The...
Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay
DALLAS—Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay in Boston, Massachusetts, for...
CoStar: U.S. Hotel Performance Reflects Mixed Results
WASHINGTON—U.S. hotel performance showed mixed results over the previous week, according to CoStar's latest data through Feb. 24, 2024.
U.S. Hotel Performance
February 18-24, 2024
Percentage change...
Hyatt Reports Fourth Quarter and Full-Year 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported fourth quarter and full year 2023 financial results. Highlights include:
Net income was $26 million in the fourth quarter and $220...
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Red Roof Names Zack Garib As President; Fouad Malouf to Newly Created Position Of...
Red Roof®, an award-winning leader in the lodging industry, has named hotel industry veteran Zack Gharib as President, effective immediately.
Gharib brings more than two...
3 Ways Hoteliers Can Protect Data With Key Control Solutions
After planning and preparing dream vacations and securing reservations, hotel guests count on the protection and security of their credit card financial data through...
A Louisiana-Style Guest Getaway
Opened in January, the Origin Hotel Baton Rouge, a Wyndham Hotel, is housed in the Baton Rouge Savings & Loan Association Building, which is...
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