Lodging Daily News

CHARLESTON, South Carolina—Charlestowne Hotels announced the opening of the Little Mod Hotel in Charlottesville, Virginia. Adjacent to the University of Virginia (UVA) grounds, a revitalized 1960s building is home to the 20-room hotel. One of Charlestowne’s latest development projects, the management company’s in-house creative team worked with developers and designers to conceptualize a hotel brand and eatery. Designed for the modern traveler with a penchant for experiences, Little Mod’s 15 guestrooms have record players, retro

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index decreased 2.4 percent in October to a level of 5,600. “Hotel stocks fell for the third consecutive month in October, and performance directionally tracked the broader indices,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Interest rates remained a key driver of performance, and elevated interest rates weighed on real estate stocks, which caused the hotel REITs to be relative outperformers during the month.

CHICAGO—Hyatt Hotels Corporation and Extell Development Company announced the planned expansion of the Grand Hyatt brand in Park City, Utah. Expected to open in late 2024, Grand Hyatt Deer Valley will mark the debut of the Grand Hyatt brand in Utah and will be located at Deer Valley Resort. The property will open as the first luxury hotel within Deer Valley Resort’s forthcoming expansion. Situated 40 minutes from the Salt Lake City International Airport, Grand

SCOTTSDALE, Arizona—The Scottsdale Resort & Spa has reached 50 percent completion on its $40 million property-wide renovation as it shows its new guestrooms and three culinary outlets that will begin to open later this month ahead of the completion in January. Driftwood acquired the conference resort in 2022 and embarked on the largest renovation in the property’s 50-year history. As work progressed, Driftwood decided to expand the original scope and budget, plus scale down the

ARLINGTON, Virginia—Knowland reported Nashville experienced strong growth for meetings and events since last year at 31.5 percent. Las Vegas came in second with 20.3 percent year-over-year growth. Overall, U.S. industry growth of meetings and events increased by 12.8 percent. Nashville was popular for conventions and meetings, bolstered by healthcare and financial/banking as its top industry drivers. Music City’s average attendance was 103, and the average meeting space used was 2,762 square feet. Year-over-year comparison: October