Grand Hyatt Brand Plans Expansion to Park City, Utah
CHICAGO—Hyatt Hotels Corporation and Extell Development Company announced the planned expansion of the Grand Hyatt brand in Park City, Utah. Expected to open in...
CoStar: U.S. Hotel Performance Declines, Expected From Halloween
WASHINGTON—U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through Nov....
CoStar: U.S. Hotel Labor Costs Reflect Normalized Business Mix
WASHINGTON—A recent increase in U.S. hotel labor costs reflects a normalizing business mix and significant gains in group demand, according to September year-to-date P&L...
Choice Hotels Shares Q3 2023 Results
ROCKVILLE, Maryland—Choice Hotels International, Inc. reported its Q3 2023 results. Highlights include:
Total revenues were $425.6 million for the third quarter of 2023, a third-quarter...
Embassy Suites Gulf Shores Commences Development
GULF SHORES, Alabama—DD Partners, LLC of Birmingham, Alabama, and Marietta, Georgia, Peachtree Group of Atlanta, and Woodbine Development Corporation of Dallas announced the development...
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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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