Poised to Sell: Mumford Executive on Getting the Best Bang for Your Investment Buck
Burton Brooks, a principal in Mumford Company’s Atlanta office, has been involved in the sale of more than 100 properties representing aggregate volume approaching...
STR: U.S. Hotel Occupancy Declines After 11 Consecutive Weeks of Gains
HENDERSONVILLE, Tenn. — U.S. hotel performance data for the week of June 28 through July 4, 2020, showed a slight decline in occupancy from...
Siegel Suites Expands its Brand into South Carolina
The Siegel Group Nevada, Inc., a real estate investment and management company, announced that it has purchased the former Cloverleaf Suites Hotel in Columbia,...
RLJ Lodging Trust Acquires Residence Inn in Atlanta
BETHESDA, Md.—RLJ Lodging Trust announced that it has acquired the 78-room Residence Inn Atlanta Midtown Historic located in Atlanta, Ga. In November 2009, the...
STR: RevPAR Fell 80.3 Percent in Week Four of March
HENDERSONVILLE, Tenn. — Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key performance metrics...
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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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