Omni Hotels & Resorts Breaks Ground on Omni Tempe Hotel at ASU
TEMPE, Arizona—Omni Hotels & Resorts announced it broke ground on Omni Tempe Hotel at ASU, a 330-guest-room hotel set to open in 2023 in...
How Declining EBITDA Levels Affected Owners’ Ability to Pay Interest Expenses in 2020
The decline in the operating performance of U.S. hotels during 2020 has been well documented. According to the results of CBRE’s 2021 edition of...
Residence Inn by Marriott Wenatchee Opens
WENATCHEE, Washington—The Hotel Group (THG), a hotel ownership and development company, an affiliate of Hotel Equities (HE), and Stream Real Estate, announced the opening...
Comfort Suites West Warwick Providence Sold by HREC Investment Advisors
DENVER, BOSTON, and WASHINGTON, DC—HREC Investment Advisors has arranged the sale of the 88-room Comfort Suites West Warwick Providence located in West Warwick, Rhode...
STR: U.S. Hotel Occupancy Hits a Four-Week High
HENDERSONVILLE, Tennessee—According to STR's latest data, U.S. hotel occupancy reached a four-week high from September 12-18, 2021.
U.S. Hotel Performance
September 12-18, 2021
Percentage change from 2019...
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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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