U.S. Hotels Report Profit Growth in January Amid Coronavirus Concerns
LONDON — U.S. hotels eked out a 0.6 percent year-over-year (YOY) increase in GOPPAR in January, but as the full scope of the coronavirus...
Tennessee Margaritaville Island Hotel Opening January
PIGEON FORGE, Tenn.—The new Margaritaville Island Hotel, located in Pigeon Forge on The Island, a shopping, dining, and entertainment complex, has opened phase one...
Grace Hotels Acquires La Margna Hotel in St. Moritz
NEW YORK—Grace Hotels, the privately owned luxury hotel group, has acquired the historic La Margna hotel in the heart of St. Moritz, Switzerland. During...
NewcrestImage and Hospitality Capital Partners Acquire 16 Hotels in Joint Venture
In a joint venture, Dallas, Texas-based NewcrestImage and Phoenix, Arizona-based Hospitality Capital Partners (HCP) have acquired 16 hotels with a total of 2,155 rooms...
Construction to Begin Soon on Orlando’s New JW Marriott
BETHESDA, Md.—Marriott International announced that construction will begin in the fourth quarter on the 16-story, $282 million JW Marriott Orlando Bonnet Creek Resort, which...
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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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