CoStar: U.S. Hotel Performance Increases With Positive Year-Over-Year Comparisons
WASHINGTON—U.S. hotel performance increased from the previous week and year-over-year comparisons were mostly positive, according to CoStar’s latest data through Oct. 7, 2023.
U.S. Hotel...
IHG Signs MDA for 15 New Holiday Inn Express Hotels
BERLIN—IHG (InterContinental Hotels Group) has signed a franchise multiple development agreement (MDA) with Regional Hotel Chain, a portfolio company of VIY Management (VIYM) to...
Heritage Hotels Breaks Ground on Hotel Chaco Albuquerque
Heritage Hotels & Resorts broke ground on Hotel Chaco Albuquerque this week, a new multimillion dollar hotel in the heart of Old Town, Albuquerque....
Loews to Acquire Mandarin Oriental San Francisco Hotel
NEW YORK—Loews Hotels & Resorts, a wholly owned subsidiary of Loews Corporation, today announced that it has entered into an agreement to purchase the...
LivAway Suites Begins Project Development Near Seattle
SALT LAKE CITY—LivAway Suites has started construction on their next project in Renton, Washington, just minutes from SeaTac International Airport and downtown Seattle. Following...
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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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