New Rules: Rewriting the Hotel Development Playbook
This time last year, some of the biggest challenges facing hotel developers were high labor costs, brand fatigue, and market competition. The industry’s circumstances...
Alternative Options: Higher Education Offers Hoteliers a New Revenue Stream
In August, STR reported that U.S. hotel occupancy topped 50 percent for the first time since March. That this was a benchmark to celebrate...
Recovery Patterns From Historical Recessions
Since the start of the COVID-19 pandemic, CBRE has analyzed the operating performance of U.S. hotels during historical economic recessions to estimate the level...
IHG Debuts Upscale voco Brand in the Americas
ATLANTA—IHG (InterContinental Hotels Group) today announced that its upscale voco brand has arrived in the Americas with the first locations planned for New York...
Selina Is Betting on—and Redefining—the Future of Remote Work and Travel
At the end of 2018, Latin American startup Selina—a lifestyle brand that launched in 2015 and caters to “digital nomads” with its work, play,...
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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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