Tag: finance
Lodging Econometrics: U.S. Hotel Construction Pipeline Reaches Record High Project Counts
According to the 2023 year-end U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE), the pipeline stood at 5,964 projects/693,963 rooms. The pipeline hit...
CoStar: U.S. Hotel Performance Increases, Comparisons Stay Mixed
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. 13, 2024.
U.S. Hotel Performance
January...
CoStar: U.S. Hotel Performance Reached Highest ADR and RevPAR on Record in 2023
WASHINGTON—The U.S. hotel industry posted its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to 2023 data from...
Alpental Capital Acquires DoubleTree by Hilton Leominster
Alpental Capital acquired the full-service DoubleTree by Hilton Leominster, Massachusetts in late December 2023. Located off I-190, the DoubleTree Leominster provides both business and...
Starwood Capital Group Acquires 10-Hotel Portfolio From Edwardian Group
LONDON—Starwood Capital Group announced that a controlled affiliate acquired a portfolio of 10 hotels from Edwardian Group for an undisclosed sum via an off-market...