CoStar: Group Demand Impacts October P&L Data
WASHINGTON—Improvement in group demand across the Top 25 Markets drove U.S. hotel revenue and profit growth, according to October P&L data from CoStar.
October 2023...
Occupancy Outlook: Airport Hotels Have a Chance to Soar
Airport hotels make up the smallest hotel location segment (as defined by STR) with 2,382 hotels that represent only 4.3 percent of hotels in...
Miami Hotel Rates to Top Super Bowl Weekend Record
BROOMFIELD, Colo.—Hotel average daily rate (ADR) in the Miami/Hialeah market is projected to reach a record level during Super Bowl weekend in 2020, according...
Philly Ready to Host Democratic National Convention
An estimated 50,000 people will descend upon the Democratic National Convention (DNC) from July 25 to 28 in Philadelphia. The event is expected to...
Poor Performers: Why Some Hotels Are Not Rising With the Tide
According to the March 2019 edition of CBRE's Hotel Horizons forecast report, the 2019 average annual occupancy level for U.S. hotels is projected to...
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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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