Prioritizing Profitability: Hotel Owners/Operators Tout Importance of Driving Rate, Leveraging Scale
LODGING recently hosted “Prioritizing Profitability,” a virtual roundtable featuring a handful of prominent owner/operator executives, each of whom discussed a wide range of key...
Marriott Publishes Annual Serve 360 Report
Marriott International, Inc. published its 2023 Serve 360 Report highlighting data as of year-end 2022 and shared the company’s continued progress on its environmental,...
Mumford Company Completes Several Transactions to Close the First Half of 2023
NEWPORT NEWS, Virginia—Mumford Company, celebrating its 45th anniversary this year, announced it completed several transactions in the last few weeks to close a busy...
High-Level Execs Dissect Key Franchising, Labor Issues In Hospitality
During a recent one-on-one interview with Wyndham Hotels president/CEO Geoff Ballotti, Cinnabon president Kat Cole shared her insights on operating a large franchise company...
Immense Impact: Hoteliers Urge Congress to Address Labor Crisis
Hotels across the nation are grappling with historic labor shortages and rising costs that are threatening to stall our industry’s recovery.
As of March, the...
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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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