Profit per room

U.S. Hotels Record 2018 High for Profit Per Room in October

U.S. hotels recorded their highest level of profit per room for the year in October, attaining revenue increases across all departments despite mounting costs,...
chart indicating increase

CBRE Forecasts 10th Consecutive Year of Growth for U.S. Hotels in 2019

ATLANTA—Based on an upward revised outlook for the U.S. economy, CBRE Hotels Americas Research is forecasting a 10th consecutive year of growth for the...
Winston Hotels

Winston Hotels, LLC Formed to Develop and Acquire Hotels

Raleigh, N.C.—Three seasoned hotel executives with a combined 80 years of hotel, development, acquisition, and management experience today announced the formation of Winston Hotels,...
MEININGER Hotels Washington D.C.

MEININGER Hotels To Open First U.S. Hotel in Washington, D.C.

MEININGER Hotels has signed a long-term lease agreement with Altus Realty, project owner and developer, for a hotel in Washington, D.C. Located at 35...
KC Airport Plaza - part of the Lodging Advisory Group portfolio sale

Extended Stay America Sells 14 Hotels to Singerman Real Estate

CHARLOTTE, N.C.—Extended Stay America, Inc. and ESH Hospitality, Inc. announced the completed sale of 14 branded Extended Stay America hotels. The portfolio of Extended Stay...
Running Aces Casino & Racetrack

Minnesota’s Running Aces and GrandStay Hospitality Break Ground on New Hotel

COLUMBUS, Minn. — Running Aces Casino & Racetrack is expanding with a new 116-room hotel in Columbus, Minnesota. RAHP and GrandStay Hospitality are teaming...

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Cliff House in Cape Neddick, Maine

Fodor’s Travel Revives List of the 100 Most Incredible Hotels

NEW YORK—Fodor's Travel has revived Fodor's Finest: The 100 Most Incredible Hotels in the World, its definitive list of the best hotels in the...
Norfolk Waterside Marriott Relay Bot Delivery

Norfolk Waterside Marriott Begins Next Phase of Renovation

NORFOLK, Va.—On the heels of updates to its two restaurants—Shula's 347 Grill and The Dining Room—the Norfolk Waterside Marriott is in the early stages...
Education

Creating a Path Toward a Formal Education for Hotel Employees

Due to the hotel industry’s fast pace and its opportunities for rapid career advancement, many hospitality professionals find themselves without a formal education beyond...

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