Dual-branded Hometowne Studios, Red Roof Inn Properties Open In Michigan After Renovations
Red Roof announced the opening of the dual-branded HomeTowne Studios Auburn Hills and Red Roof Inn Auburn Hills in Auburn Hills, Michigan, and the...
Peachtree Group Thrives Amid Debt Market Dislocation, Anticipates Deploying $1.0 Billion
Peachtree Group announced it closed approximately $660 million in credit investments since Dec. 1, 2023, with an additional $350 million anticipated closing over the...
HEI Hotels & Resorts Adds Two Atlanta Hotels to Its Portfolio
NORWALK, Connecticut—HEI Hotels & Resorts added the DoubleTree by Hilton Atlanta-Roswell and DoubleTree by Hilton Atlanta–Alpharetta to its portfolio, bringing the total number of...
CoStar: U.S. Hotel Performance Increases Weekly but Declines Yearly
WASHINGTON—U.S. hotel performance increased from the previous week but declined year over year, according to CoStar's latest data through March 9, 2024.
U.S. Hotel Performance
March...
Mumford Company Starts 2024 With Multiple Transaction Closings
NEWPORT NEWS, Virginia—Mumford Company announced it had a strong start in 2024, with multiple transactions closing in the first quarter of 2024.
"The Federal Reserve's...
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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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