Lodging Daily News

ATLANTA, Georgia—Hospitality Ventures Management Group (HVMG) announced the launch of Elevate Renovations + Development, a third-party project manager and asset lifecycle services provider offering flexible solutions tailored to the needs of the hospitality industry. “In the last 20 years, HVMG has provided development and project management services for over 65 properties in our portfolio of owned and managed hotels throughout the country,” said Robert Cole, founder, president, and CEO of HVMG. “Recently, however, we began

MIAMI BEACH, Florida—Hotel Continental reopened as Miami Beach’s first Tapestry Collection by Hilton property. The newly remodeled five-story, 100-room hotel was purchased by Spot On Ventures for $44 million and managed by Highgate. The property includes a nostalgic style with midcentury-modern design and social spaces. “Spot On Ventures acquires, develops, and operates hospitality assets with a view to long-term ownership. We seek to grow alongside the communities in which we invest,” said Xander Brown, head

FLORENCE, South Carolina—Raines added Fairfield Inn & Suites Whitsett Greensboro East in Whitsett, North Carolina, to its management portfolio. This is the third hotel that Raines is managing for Clarendon Properties. Fairfield Inn & Suites Whitsett Greensboro East provides access to major North Carolina cities such as Greensboro, Burlington, and Durham. Nearby attractions like Elon University, regional sports tournaments, and Lake Mackintosh attract leisure travelers. The area also has an industrial base, driving business demand.

GREENVILLE, South Carolina—The Hampton Inn Columbia Downtown Historic District, a hotel owned by Windsor Aughtry and managed by Hospitality America, has completed a property-wide renovation. Designed with the new North American prototype, all guestrooms and public spaces received a complete transformation, including doubling the size of the fitness center and installing all new equipment, and adding an outdoor patio with a fireplace. This is the 14th Hilton hotel in the Hospitality America portfolio and one

WASHINGTON—As expected with Martin Luther King Jr. Day, the U.S. hotel industry reported mixed year-over-year comparisons, according to CoStar’s latest data through Jan. 25, 2025. U.S. Hotel PerformanceJanuary 19-25, 2025Percentage change from comparable week in 2024Occupancy: 54.3 percent (down 3.4 percent)ADR: $154.21 (up 3.4 percent)RevPAR: $83.74 (down 0.2 percent) Among the Top 25 Markets, Los Angeles reported the largest occupancy gain (up 6 percent to 68.7 percent). Helped by the presidential inauguration, Washington, D.C., saw