Preferred Hotels & Resorts Adds 11 New Member Properties
NEW YORK—Preferred Hotels & Resorts announced that 11 new member properties have joined its global portfolio between January 1 and March 31, 2022. Ranging...
Luxury Hotel Advisors Launches as Advisory and Acquisitions Firm
NEWPORT BEACH, California – LK Eric Prevette, Carlos Lopes, and Teresa Holden recently announced the launch of Luxury Hotel Advisors (LHA). As a significant...
HotStats: U.S. Hotel Performance Hit a New Low in April
LONDON — In April 2020, U.S. hotel occupancy rates declined 73 percentage points from a year prior, average room rate dropped, and RevPAR fell...
AHLA Updates Safe Stay Protocols in Line With New CDC Guidance
WASHINGTON, D.C.—Support for the American Hotel & Lodging Association’s (AHLA) Safe Stay initiative continues to grow with endorsements coming from leading scientists, physicians, and...
The Menhaden Now Under Management of Meyer Jabara Hotels
DANBURY, Connecticut—Meyer Jabara Hotels (MJH) has been selected by Atlantic Equity Partners to manage The Menhaden, an independent boutique hotel located in Greenport, New...
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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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