G6 Hospitality Renews Commitment to Combat Human Trafficking
Category: Featured, Hospitality With Heart, Industry News
DALLAS—G6 Hospitality renewed and expanded its efforts to combat human trafficking and raise awareness around the issue. This month, G6 Hospitality will launch a new version of its training, “The Room Next Door,” a program the company developed to help hotel teams identify the signs of human trafficking in the lodging industry. The training, required at every Motel 6 and Studio 6 location, is aimed at building awareness of the signs and response protocol for
STR: U.S. Hotel Performance Decreases While Comparisons Improve
Category: Finance, Finance & Development, Market Reports
WASHINGTON—U.S. hotel performance decreased from the previous week, while year-over-year comparisons improved, according to CoStar’s latest data through Jan. 6, 2024. U.S. Hotel Performance December 31, 2023-January 6, 2024 Percentage change from comparable week in 2023:Occupancy: 46.8 percent (down 0.7 percent)ADR: $152.17 (up 7.2 percent)RevPAR: $71.28 (up 6.4 percent) Among the Top 25 Markets, New Orleans saw the largest year-over-year increases in each of the three key performance metrics: occupancy (up 36.5 percent to 61.2
Noble Fund V Holds Closing Round With $1.0 Billion of Equity Commitments
Category: Finance, Finance & Development, Investment
ATLANTA, Georgia—Noble Investment Group announced that it held the final closing for Noble Hospitality Fund V, L.P. (Noble Fund V). This is the fifth of Noble’s flagship series of real estate funds focused on value-added investments in select-service and extended-stay hotels across the United States. Noble Fund V was oversubscribed with $1.0 billion of equity commitments from a global institutional base, including public state pension plans, corporate pensions, endowments, foundations, insurance companies, and wealth management
Aspen Meadows Resort Opens West End Social Restaurant
Category: Food and Beverage, Hotel Restaurants and Bars
ASPEN, Colorado—Aspen Meadows Resort launched its partnership with the Salamander Collection brand, opened West End Social, and implemented an updated arrival experience. Salamander has been managing the property since 2022 and oversaw the latest renovation work alongside the resort’s owner, the Aspen Institute. The re-designed and re-conceived West End Social has an approachable menu, designed by Chef de Cuisine Rachel Saxton, which has shareable plates. There is both an openness and warmth to the redesign.
ARLINGTON, Virginia—Knowland released the top market performance numbers for December, citing San Diego as having the highest meeting volume improvement with 29.2 percent year-over-year (YOY) growth. Coming in second was San Francisco, where event volume increased 21.5 percent. San Diego’s healthcare event business segment doubled, and its pharmaceutical/biotechnology events tripled from last year. Much of this meeting activity was held in the first half of the month. The top market experienced an average number of