Marriott Expands Portfolio of Longer-Stay Brands to New Destinations
BETHESDA, Md. — Marriott Bonvoy's portfolio of longer-stay brands—Element Hotels, Residence Inn by Marriott, and TownePlace Suites by Marriott—announced a selection of new openings.
"We...
Global Hotel Pipeline Down Slightly in 2020
PORTSMOUTH, N.H. — At the end of 2020, the global hotel construction pipeline stood at 13,943 projects/2,312,410 rooms—down 7 percent by projects and 6...
Valor Hospitality Partners Opens The Valley Hotel Outside Birmingham, Alabama
HOMEWOOD, Ala. — Valor Hospitality Partners announced the opening of The Valley Hotel, a 129-room upper-upscale boutique hotel in downtown Homewood, Alabama, minutes south...
Wyndham’s First Dual-Brand La Quinta and Hawthorn Suites Breaks Ground in Texas
PARSIPPANY, N.J. — Wyndham Hotels & Resorts announced the first groundbreaking of its new La Quinta and Hawthorn Suites dual-brand hotel concept in Pflugerville,...
Baird/STR Hotel Stock Index Up 22.4 Percent in February
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 22.4 percent in February 2021 to a level of 5,141. Year to date through the...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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