Data-Driven OPEX Energy Upgrades Manage Risk During Economic Downturns
Predictability is good for business, yet remains rare in the hospitality industry where volatility is legendary. While hoteliers have enjoyed a decade of transformational...
Choice Signs Agreement With Concord Hospitality Subsidiary To Develop 27 WoodSpring Suites
ROCKVILLE, Md.—Choice Hotels International has signed an agreement with CHECO Purchase Company, LLC, a subsidiary of Concord Hospitality, which has newly formed Common Oaks...
Braemar Acquires Ritz-Carlton Lake Tahoe Using Ashford’s Enhanced Return Funding Program
Ashford Inc., in connection with the previously announced acquisition of the Ritz-Carlton Lake Tahoe, has entered into an agreement with Braemar Hotels & Resorts...
Asset Enhancement Succeeds When Blending Interior and Exterior Design
DLR Group Design principal and architect Brian Murch specializes in creating experience-based design in collaboration with his multidisciplinary design colleagues at DLR Group who,...
Dual-Branded Hotels: Beware Expectations of Significant Operating Efficiencies
For the past four years, the opening of dual-branded properties has been very popular among hotel developers. The perceived benefits of building a property...
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This Week’s Comings & Goings
Concord Hospitality announced the appointment of Will Loughran as its new chief operating officer. He will report to Mark Laport, president and CEO. He...
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,...
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