Karisma and Viacom Sign Agreement to Develop Nickelodeon Hotels

MIAMI—Karisma Hotels & Resorts and Viacom International Media Networks (VIMN), a division of Viacom Inc., have signed an agreement to develop Nickelodeon Hotels. A...

Noble Investment Group, Hyatt Debut South Carolina Property

ATLANTA—Noble Investment Group and Hyatt Hotels Corporation today announced the opening of Hyatt Place Columbia/Downtown/The Vista in Columbia, South Carolina. The hotel is located...

21c Museum Hotels Opens in North Carolina

DURHAM, N.C.—21c Museum Hotels has announced the opening of its fourth property in downtown Durham. 21c Durham is an adaptive reuse of the Hill...

Hotel Occupancy to Hit Record High in 2015

ATLANTA—The U.S. lodging industry will continue to achieve very strong growth in rooms revenue per available room (RevPAR) during both 2015 and 2016, according...

Cambria Hotel & Suites Plano-Legacy Opens

PLANO, Texas—Choice Hotels International, Inc. and O'Reilly Hospitality Management are officially welcoming travelers to the new Cambria hotel & suites Plano-Legacy. Located at 7500...

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Hotel building

Colony Capital to Sell Six Hospitality Portfolios Totaling 197 Hotels to Highgate

LOS ANGELES — Colony Capital, Inc., announced it has entered into a definitive agreement to sell six of its hospitality portfolios to Highgate, a...
coronavirus economic impact

HotStats: August Proves Positive Month for Regions Outside U.S.

LONDON — Europe, Asia Pacific, and the Middle East all showed positive gross operating profit per available room (GOPPAR) in August, according to the...
Profit decline

STR: Improvements in U.S. Hotel Profitability Slow in August

BROOMFIELD, Colorado—Improvements in U.S. hotel profitability metrics slowed in August 2020, according to STR‘s latest monthly P&L data release. In a year-over-year comparison with August...
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