Tag: finance
Ashford Completes $142 Million Sale
DALLAS—Ashford Hospitality Trust, Inc. announced today that it has completed its previously-announced sale of a 5-hotel, 1,396-room portfolio of select-service hotels for $142 million...
Blackstone Allegedly Planning $1.1 Billion Sale
Blackstone Group is rumored to be selling hotels operated under Hilton Worldwide Holdings’ DoubleTree brand in London, Dublin, and Amsterdam for an estimated $1.1...
April RevPAR Growth Rebounds After Slow Q1
The U.S. hotel industry saw RevPAR increase 5 percent in April, with an occupancy of 68.1 percent, the highest April occupancy ever recorded. The...
U.S. Hotel Revenue Growing, But Slowing
ATLANTA—U.S. hotel revenue growth is slowing down, while expenses are on the rise. According to CBRE Hotels’ Americas Research’s 2016 edition of Trends in...
South Korea Company Plans Record-Breaking Sale
In one of the most prominent public offerings since late 2015, South Korea’s Hotel Lotte has planned a share sale next month worth up...