CBRE: Global Recovery Has Begun in Most Regions, But There Are Risks
DALLAS—The global economic recovery has begun to hit its stride in most regions, with workforces in many countries planning to return to the office...
A Tight Ship: Hotel Operators Adapt and Survive in 2020
Faced with the greatest declines in revenue since the 1930s, U.S. hotel operators in 2020 have demonstrated their ability to adapt to difficult market...
Uptick in Profit: Group Demand and F&B Revenues Drive Gains
After hitting record lows during early points of the pandemic, last year finally presented long-awaited profitability returns for the U.S. hotel industry. Strong demand,...
STR: U.S. Hotel Results for Week Ending September 14
Hendersonville, Tenn. — The U.S. hotel industry reported mostly positive year-over-year results in the three key performance metrics during the week of September 8-14,...
A Trusted Advisor: The Evolved Role of the Broker Brings More Value to Owners
When I first started out in hotel brokerage back in the late 1980s, the market was unsophisticated and had not adopted the fiduciary focus...
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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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