Tag: finance
Pacific Hospitality Purchases Two AC Hotels
IRVINE, Calif.—PHG Hotel Fund I, an affiliate of Pacific Hospitality Group, has announced the purchase of AC Hotel Phoenix Tempe/Downtown in Tempe, Ariz. and...
Significant Supply Headed to Major U.S. Markets
DENVER—Many of the top U.S. hotel markets realized record performance figures in 2015, continuing an upward trend that has brought about an unprecedented amount...
Provenance Hotel Partners Buys Old No. 77 Hotel
NEW ORLEANS—Fresh off its initial raise and roll-up in December 2015, Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the...
Hoteliers on Alert After Q1 Occupancy Decline
ATLANTA—The U.S. hotel market suffered a 0.5 percent decline in occupancy during the first quarter of 2016. This is the first year-over-year decline...
Trends Affecting Attrition and Cancellation Revenue
Historically, if a guest notified a hotel that he would not be checking in at 6 p.m. on the day of arrival, that was...