Area of Protection
Area of protection (AOP) is a negotiated geographic area of exclusivity that a new franchisee sets up with a franchisor that blocks new, competing...
Mezzanine Debt
Mezzanine loans are back in vogue with hotel investors and developers turning to this financing tool for their latest acquisitions, recapitalizations, and leveraged buyouts....
EMV Payment Processing
As many credit card issuers adopt plans to move forward with Europay, Mastercard, and Visa (EMV) payment processes in the United States, hoteliers will...
Hotel Fitness Programs are Bulking Up
A growing number of hotels are offering innovative, easy-to-implement health and fitness programs – from rooftop boot camps to outdoor running trails – that...
Hotels See Local Sourcing Pay Off
The menu at the Elements on Level One restaurant in Herndon, Va., reads like a guidebook to the surrounding area. The Meyer natural strip...
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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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