Scotland Hotel Returns Outperform Europe

Scotland—New research from Scottish Development International and IPD reports that for property investment, Scotland has outperformed every other European country when it comes to...

Le Méridien to Add Nine New Hotels in the Next 12 Months

NEW YORK—Le Méridien Hotels & Resorts announced a significant growth pipeline with nine new hotels expected to open within the next 12 months. Since...

Embassy Suites Announces Three-Year Expansion Plan

MCLEAN, Va.—Embassy Suites Hotels’ new global head, John Rogers, announced the brand’s plans to grow the portfolio by 25 percent over the next three...

Ascend Hotel Collection Inks Member Agreement With Starwood Capital Group

SILVER SPRING, Md.—Ascend Hotel Collection from Choice Hotels International announced today it has added Postcard Inn on the Beach, St. Pete Beach, Fla., to...

Value Place Secures $100 Million Private Equity Investment

WICHITA, Kan.—Value Place announced today that it has secured a $100 million capital investment from Lindsay Goldberg LLC, a private equity firm with $10...

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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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