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Advancing Women Across All Levels of Hospitality: Highlights From AHLA’s Second Annual ForWard Conference

ForWard Conference
More than 270 hospitality professionals gathered in Chicago last week to discuss how women can advance their personal careers and those of women across the hotel industry at the second annual ForWard Conference presented by the American Hotel & Lodging Association (AHLA). Held from May 29-30 at the InterContinental Chicago Magnificent Mile, the conference featured a range of speakers and...

Krissy Gathright on AHLA’s ForWard and Ways To Propel Women in Hospitality

Krissy Gathright
At the end of March, it was announced that Krissy Gathright, executive vice president and chief operating officer at Apple Hospitality REIT, was appointed to the company’s board of directors and would be transitioning out of her current role by the end of Q1 2020. This is just the latest iteration of Gathright’s 20-plus-year career with the Apple REIT...

Deal Report: Nine Hotel Acquisitions and Financings

DoubleTree Suites by Hilton Hotel Nashville Airport
Joint Venture Acquires Nashville Airport DoubleTree Wexford Lodging Advisors and Trinity Private Equity Group acquired the 138-suite DoubleTree Suites by Hilton Nashville Airport. The joint venture will invest approximately $2.5 million to upgrade the property by the year's end. HVMG will continue to operate the hotel. The three-story, all-suite hotel is two miles from Nashville International Airport. Hotel Equities and Virtua...

Apple Hospitality REIT Sells Nine Hotels for $95 Million

Profitability
RICHMOND, Va.—Apple Hospitality REIT recently announced that it completed a nine-hotel portfolio sale for a total sales price of $95 million on March 28, 2019. The company used the sale proceeds to reduce the outstanding balance of its revolving credit facility and anticipates recognizing a gain on the sale in the first quarter of 2019. “We are pleased to have...

This Week’s Comings & Goings

Comings and Goings
Apple Hospitality REIT has announced a new leadership plan. The Board of Directors has added Krissy Gathright, who will retire from her role of executive vice president and chief operating officer. Apple Hospitality REIT also announced that executive vice president and chief financial officer Bryan Peery intends to retire in the first quarter of 2020. John Staten has been named...