Tru by Hilton Expands West with Las Vegas Opening
LAS VEGAS and MCLEAN, Va.–Tru by Hilton has opened its eighth U.S. hotel, largest location, and its westernmost property to-date with the launch of...
Commercial Café Names the 20 Biggest Hotel Sales of the Year
Commercial real estate listing platform COMMERCIAL Café recently released a list of the 20 largest hotel sales of the year using data from PropertyShark,...
My Place Hotels Opens First Tennessee Property
Lebanon, Tenn.—My Place Hotels of America announced the opening of Tennessee’s first and America’s 36th My Place Hotel in Lebanon. The 63-room, new-build property...
An Overview of Roadside Property Performance
Interstate properties—one of six location segments defined by STR—encompass hotels that are “in close proximity to major highways, motorways, or other major roads” and...
Banyan Investment Group Acquires Three Marriott-Branded Hotels
ATLANTA—Banyan Investment Group, a hotel investment and management company that acquires and manages select-service hotels in the United States, announced that it has acquired...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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