Lodging Daily News

SANTA FE, New Mexico—Four Seasons Resort Rancho Encantado Santa Fe announced a multimillion-dollar revitalization—the first in the resort’s history—of all guestrooms and suites with the introduction of sustainability-focused landscaping. The revitalization will be conducted in three phases in an effort not to impact the guest experience and is anticipated to be completed this spring. The upgrades are led by Langlois Design, which is preserving the resort’s Southwestern aesthetic while adding modernity. All rooms will be

TAMPA, Florida—Mainsail Lodging & Development announced the expansion of its executive leadership team with the appointment of Lisa Conner as chief financial officer, alongside four other executives. The recent appointments include Ben Miele as director of accounting; Lori Nelson as paralegal; Bria Jones as corporate recruiter; and Netta Katz as reservation manager. The recent move signals a period of growth for the company. “We are thrilled to welcome these industry professionals to our corporate team.

NORTH BETHESDA, Maryland—Choice Hotels International, Inc. broke ground on five Everhome Suites in Amarillo, Bastrop, Brownsville, El Paso, and Waco, Texas; and one groundbreaking in Yuma, Arizona. “With over 60 Everhome Suites in our pipeline and six new groundbreakings across the Southwest, Choice continues to capture growing demand for extended stay properties in the region. Our leadership in extended stay is made possible by Choice’s expert team of dedicated professionals, in collaboration with our outstanding

DALLAS—Investors are poised to purchase more U.S. commercial real estate in 2024 as they anticipate improved credit conditions as interest rates fall later this year, according to the findings of CBRE‘s latest U.S. Investor Intentions Survey. The survey, which covers all asset types, showed improved investor sentiment, with 60 percent planning to expand their real estate portfolios in 2024 versus just 16 percent in the previous year. Among investor types, developers, private equity funds, real

WASHINGTON—U.S. hotel performance increased from the previous week, while year-over-year comparisons remained mixed, according to CoStar’s latest data through Jan. 27, 2024. U.S. Hotel Performance January 21-27, 2024 Percentage change from comparable week in 2023:Occupancy: 56.2 percent (down 0.3 percent)ADR: $149.76 (up 5.1 percent)RevPAR: $84.13 (up 4.8 percent) Among the Top 25 Markets, Las Vegas saw the largest year-over-year increases in each of the three key performance metrics: occupancy (up 28.9 percent to 83.4 percent),