Baird/STR Hotel Stock Index Increased 2.7 Percent in November 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index rose 2.7 percent in November to a level of 5,430. Year to date through the first...
Best Western Announces New Hotel Concept, Soft Brand
TORONTO–Best Western International is launching two new hotel development offerings – a new hotel concept and a soft brand – both designed to meet...
Radisson Red to Open First U.S. Location
MINNEAPOLIS—Radisson RED, a new hotel philosophy and lifestyle brand inspired by art, music, and fashion, will open its first U.S. location and flagship, Radisson...
Starwood Sells Off St. Regis Bal Harbour Resort
STAMFORD, Conn.—Starwood Hotels and Resorts Worldwide and Al Rayyan Tourism Investment Company (ARTIC), the international hospitality subsidiary of Al Faisal Holding Company, one of...
Pendry Hotels Announces East Coast Debut
NEW YORK—In collaboration with Sagamore Development Company, the development enterprise of Under Armour Founder and Chief Executive Officer, Kevin Plank, Pendry Hotels announced today...
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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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