Apple Hospitality REIT Favors Steady Approach to Growth
In February, Apple Hospitality REIT released its 2015 earnings report. To be brief, last year was a very good year for the company. Comparable...
Merger Termination Would Temper Marriott’s Ratings Momentum
NEW YORK—Fitch Ratings would likely revise its rating outlook for Marriott International to stable from positive if Starwood Hotels & Resorts terminates its merger...
Midas Hospitality Acquires Courtyard Clemson
SAINT LOUIS, Mo.—An investment group led by Midas Hospitality has acquired the 110-room Courtyard by Marriott-Clemson, S.C. for $16.5 million. St. Louis-based hotel owner,...
The Developing Story: Houston
Home to more than 3,000 energy-related businesses, Houston, Texas, is well-known for its role as a hub for energy production in the United States....
Barcelona Edition to Debut in 2017
NEW YORK—Marriott International, together with Ian Schrager and the owner and developer, KKH Property Investors, announced their plans to open a new property in...
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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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