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Finance & Development

IHG Hotels Opens First avid hotels and Candlewood Suites Dual-Branded Property in North Platte

IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announced the opening of its first dual-branded avid hotels and Candlewood Suites property in North Platte,...

Red Roof Adds to San Antonio Portfolio With Opening Of Plus

Red Roof®, the leader in economy lodging, has announced the opening of the Red Roof PLUS+® San Antonio Northeast at 11526 North Interstate 35...

Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update

DALLAS, Texas—Ashford Hospitality Trust, Inc. announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million...

Lodging Econometrics: Dallas Continues to Lead U.S. Construction Pipeline

The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets...

Sonesta Opens Red Lion Inn & Suites Elk Grove, IL

NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of Red Lion Inn & Suites Elk Grove, a 47-room, midscale property in Elk Grove, Illinois. “The...