Sandpiper Acquires Extended Stay America Premier Suites in Bradenton, Florida
Category: Acquisitions, Finance & Development, Real Estate
RICHMOND, Virginia—Sandpiper, LLC announced the acquisition of the Extended Stay America (ESA) Premier Suites in Bradenton, Florida. The North Port–Sarasota–Bradenton MSA, just south of Tampa, is one of Sandpiper’s highest conviction markets. Opened recently in January, the hotel has 124 rooms, all offering a kitchen with WiFi and breakfast served daily. Other amenities at the pet-friendly hotel include on-site guest laundry and a fitness center. Sandpiper has experience in operating the ESA Premier Suites brand,
CoStar: U.S. Hotel Industry Reports Positive Yearly Comparisons
Category: Finance, Finance & Development, Market Reports
WASHINGTON—The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Feb. 1, 2025. U.S. Hotel PerformanceJanuary 26-February 1, 2025Percentage change from comparable week in 2024Occupancy: 56.5 percent (up 2.3 percent)ADR: $150.25 (up 1.8 percent)RevPAR: $84.90 (up 4.1 percent) Among the Top 25 Markets, Minneapolis reported the largest increases in occupancy (up 13.6 percent to 47.4 percent) and RevPAR (up 16.7 percent to $56.67). Orlando saw the highest lift in ADR (up
AI is transforming entire industries and sectors, and the hotel industry is no different. With the potential to revolutionize how hotels operate and interact with guests, AI offers unprecedented opportunities for efficiency, personalization, and innovation. As we look ahead to the rest of 2025, we’re going to see AI being implemented in a variety of ways, ultimately improving operational efficiencies while delivering a new level of guest experience and helping hotel owners stay competitive in
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its fourth quarter and full year 2024 results. Highlights include: Diluted EPS was $2.06 for the fourth quarter and $6.14 for the full year, exceeding the high end of guidance Diluted EPS, adjusted for special items, was $1.76 for the fourth quarter and $7.12 for the full year, exceeding the high end of guidance Net income was $505 million for the fourth quarter and $1,539 million for the full
PLANO, Texas—Enseo announced Brian Gurley’s promotion as CEO. Gurley will guide Enseo’s vision and direction as the company executes its growth strategy, focused on solutions to meet the needs of its customers. Gurley joined Enseo in 2022 as the chief financial officer, shaping priorities and refining focus, including the launch of Enseo’s hardware-agnostic software platform and build-out of its customer support offering. Enseo’s platform includes guestroom hotel TV and entertainment, managed WiFi, smart room controls,