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LODGING is the Official Publication of the American Hotel & Lodging Association (AHLA)
Investment
Procaccianti Companies Announces Acquisition of the Presidents’ Quarters
PROVIDENCE, Rhode Island—Procaccianti Companies announced the acquisition of the Presidents' Quarters and the development of the Sabal House Savannah. The project is a joint...
My Place Hotels of America and Rimrock Companies Enter Development Agreement
ABERDEEN, South Dakota—My Place Hotels of America entered into a two-phase franchise and development agreement with Rimrock Companies for 10 extended-stay hotels throughout the...
Hoteliers Eyeing Interest Coverage: Challenge Increases This Year as Higher Rates Prevail in the...
According to CBRE’s February 2023 Investment Performance forecast, total revenues for the average U.S. hotel returned to 2019 levels in 2022, but the recovery...
CoralTree Hospitality Grows Collection With The Peninsula Beach Resort
DENVER—CoralTree Hospitality is growing its collection of hotels and resorts in Texas with the addition of The Peninsula Beach Resort, a resort community along...
STR: U.S. Hotel Occupancy Reaches Second Highest Level This Year
HENDERSONVILLE, Tennessee—U.S. hotel performance increased from the previous week and showed improved comparisons year over year, according to STR's latest data through May 20,...