Tag: 2023
AHLA Survey: L.A. Residents Cite Homelessness as Major Crisis in the City
WASHINGTON—Ninety-eight percent of Los Angeles residents say homelessness in the city is a crisis or a major problem. Despite that, 86 percent say Los...
Sustainability VP Marianne Balfe on Highgate’s First ESG Report
Highgate’s recent decision to produce a formal environmental, social, and governance (ESG) report is designed to take the company’s sustainability efforts to the next...
JLL Arranges Sale of Mezzanine Loan for Club Quarters Portfolio
NEW YORK—JLL's Hotels & Hospitality Group announced that it arranged the sale of a mezzanine loan for a four-property portfolio of hotels totaling 1,228...
Virgin Hotels Collection Forms Global Sales Team
MIAMI, Florida—Virgin Hotels Collection announced the formation of its global sales team. The introduction of the global sales team will continue Virgin Hotels Collection’s...
CoStar: U.S. Hotel GOPPAR Fell for Second Consecutive Month
WASHINGTON—U.S. hotel gross operating profit per available room (GOPPAR) fell year over year for a second consecutive month, according to CoStar's June 2023 P&L...