Janko Group to Open Lockport, Illinois’ First Hotel
Lockport, Illinois — Janko Group plans to open Lockport's first-ever hotel, the Holiday Inn Express & Suites Lockport, this March. Located off of I-355...
U.S. Ends 2020 With 5,216 Hotels in the Pipeline
PORTSMOUTH, N.H. — According to Lodging Econometrics’ (LE’s) Construction Pipeline Trend Report for the United States, the total U.S. hotel construction pipeline stood at...
STR: U.S. Hotel Profits Down 84.6 Percent in 2020
BROOMFIELD, Colorado — Including a 100.6 percent decline in December, U.S. hotel profitability fell 84.6 percent in 2020, according to STR's latest monthly P&L...
STR: U.S. Weekly Hotel Occupancy Flattens
HENDERSONVILLE, Tennessee—In the third full week of January, U.S. weekly hotel occupancy remained flat from the previous week, according to STR's latest data for...
Wyndham Adds Seven Hotels Owned by The Thrash Group to its Namesake Brand
PARSIPPANY, N.J. — Wyndham Hotels & Resorts announced plans for further growth with seven new hotel franchise agreements for its namesake Wyndham brand in...
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This Week’s Comings & Goings
Concord Hospitality announced the appointment of Will Loughran as its new chief operating officer. He will report to Mark Laport, president and CEO. He...
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,...
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