Tag: finance
Radisson at Star Plaza Closing for New Complex
Merrillville, Ind.—The Radisson at Star Plaza and the adjacent Star Plaza Theatre complex, which has been an icon of the Merrillville community and Northwest...
Reservation Pace Declines as Headwinds Strengthen for Hotels
NEW YORK—The pace of new bookings is down this summer, with the business segment experiencing a -4.0 percent decline over the past 30 days....
Fitch: As U.S. Hotels Peak, CMBS Wearily Watched
The days of strong RevPAR growth and occupancy rates are over for U.S. hotels, which could impair loan performance for CMBS as interest rates...
HVMG Acquires Two Hotels for $50 Million
ATLANTA, Ga.—Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel ownership and management company, has announced it has formed a joint venture with True...
Courtyard by Marriott Opens in Spring, Texas
SPRING, Texas—Woodbine Development Corporation and InterMountain Management are pleased to announce the opening of a new 125-room Courtyard by Marriott in Spring, Texas. The...