IHG Opens Second and Third avid Hotels, Rolls Out New Breakfast Offerings
ATLANTA—IHG's avid hotels brand is continuing its momentum with nearly 50 projects approved for planning or currently under construction and more than 180 avid...
Gradual Slowdown in U.S. Hotel Performance to Continue as Supply Outpaces Demand
MINNEAPOLIS—The U.S. lodging supply will increase at an annual pace greater than the long-run average through 2022, according to CBRE Hotels Research’s latest report....
Number of U.S. Luxury Hotels To Top 1,123 by 2022
The United States will be home to 1,067 luxury hotels by the end of 2019. This is expected to increase to 1,123 by 2022...
Deal Report: Three of the Latest Hotel Acquisitions
Blue Sky Hospitality Acquires Two Marriott Hotels
U.S. hotel owner/operator Blue Sky Hospitality (BSHS) has acquired the 220-room New Orleans Marriott Metairie at Lakeway, La.,...
Holding the Line: Profit Growth Becomes Harder To Achieve for U.S. Hotels
U.S. hoteliers enjoyed a ninth consecutive year of profit growth in 2018; however, it is becoming increasingly difficult for managers to accomplish this task....
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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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