Parking Profits: As Occupancy Stalls, Hoteliers Increase Revenue From Drive-In Guests
Based on our February 2023 Hotel Horizons report, CBRE reports that total hotel revenue for the average U.S. hotel returned to pre-COVID levels in...
My Place Hotels of America and Rimrock Companies Enter Development Agreement
ABERDEEN, South Dakota—My Place Hotels of America entered into a two-phase franchise and development agreement with Rimrock Companies for 10 extended-stay hotels throughout the...
The Lending Landscape: Best Practices to Obtain Funding Amid a Hotel Financing Slowdown
With interest rates not expected to decline until mid- to late 2024, hoteliers are still navigating market conditions that are characterized by a higher...
The Owner’s Advantage: MCR Chairman and CEO Reveals the ‘Secret Sauce’ to Healthy Profit...
When it comes to hotel management, there is only one way to truly operate as an owner, according to Tyler Morse, chairman and CEO...
STR: U.S. Hotel GOPPAR Reaches Highest Level Since October 2022
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) exceeded the pre-pandemic comparable and was the highest since October 2022, according to STR's...