Lodging Daily News

WASHINGTON, D.C.—AAA projects 115.2 million travelers will head 50 miles or more from home over the 10-day year-end holiday travel period. This year’s total number of domestic travelers is a 2.2 percent increase over last year and the second highest year-end travel forecast since 2000 when AAA began tracking holiday travel. 2019 remains the busiest Christmas and New Year’s travel period on record with 119 million travelers. “This year-end holiday forecast, with an additional 2.5

CHARLESTON, South Carolina—The Indigo Road Hospitality Group and Larry Spelts, president of the company’s Lodging & Lifestyle Adventures division, will mutually part ways after expanding the hospitality company into the hotel industry officially nearly four years ago at the America’s Lodging Investment Summit (ALIS) in Los Angeles in 2020. “In 2019, upon ten years of success with restaurants and our next adventure of lodging on the horizon, Larry was the first person that I thought

WASHINGTON—U.S. hotel performance was expectedly lower from the previous week, but year-over-year comparisons were positive, according to CoStar’s latest data through Dec. 16, 2024. U.S. Hotel Performance December 10-16, 2023 Percentage change from comparable week in 2022Occupancy: 54.7 percent (up 1.1 percent)ADR: $142.62 (up 4.7 percent)RevPAR: $77.99 (up 5.8 percent) Among the Top 25 Markets, San Francisco saw the largest year-over-year increases in each of the three key performance metrics: occupancy (up 32.0 percent to

CHARLOTTE, North Carolina—Berkadia announced the refinancing of WoodSpring Suites Charlotte – University Research Park, a 122-key, extended-stay hotel in Charlotte, North Carolina. Managing Director Michael Weinberg and Associate Director Alec Fox of Berkadia Hotels & Hospitality secured $10 million in refinancing through KeyBank on behalf of the sponsor, Orlando-based Liberty Investment Properties. Founded in 1990, Orlando-based Liberty Investment Properties is a privately held real estate investment, development, and management firm. The firm has developed over

The Board of Directors of The Gettys Group Companies has announced the appointment of two new CEOs, effective Jan. 1, 2024: Ron Swidler as CEO of The Gettys Group Companies and Jerry Zeitner as CEO of Ridgeline Development Partners. Raines has hired Perry MacLennan as general counsel. In this new role, MacLennan will serve on the executive team and oversee all legal aspects of the Raines business. His primary responsibilities will include strategic legal, deal