IHG LIFT Program Created to Support Growth for Diverse Hotel Owners
ATLANTA—IHG Hotels & Resorts introduced IHG LIFT, an owner growth program focused on creating more hotel development support for historically underrepresented groups within the...
Chains Versus Independents: The Segments Have Experienced Similar Recovery, But Different Supply Impacts
The booming industry recovery has touched chains and independent hotels alike, but the role of supply growth in that recovery has varied across the...
Charlestowne Expands Portfolio With Hotel Verdant
CHARLESTON, South Carolina—Charlestowne Hotels announced its expansion in the Midwest with the boutique property Hotel Verdant. The 80-room adaptive reuse project in Racine, Wisconsin,...
OTO Development CEO Turner Moves Company Forward
August marks a year since Todd Turner took over the reins as CEO of Spartanburg, South Carolina-based OTO Development following the untimely passing of...
Hyatt Studios Announces First Brand Locations
CHICAGO—Hyatt Hotels Corporation announced updates to Hyatt Studios, the latest select-service brand in the Hyatt portfolio, including executed franchise agreements for the first locations...
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Order in the Court: NLRB’s Proposed ‘Joint Employer’ Rule Has Been Blocked—For Now
The franchise business model is the greatest path for successful entrepreneurship in American history and has paved the way for tens of thousands of...
Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update
DALLAS, Texas—Ashford Hospitality Trust, Inc. announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million...
Lodging Econometrics: Dallas Continues to Lead U.S. Construction Pipeline
The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets...
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