Tag: finance
Apple Hospitality REIT, Apple REIT Ten to Merge
RICHMOND, Va.—Apple Hospitality REIT, Inc. and Apple REIT Ten, Inc. (“Apple Ten”), collectively the “Pro Forma Combined Company,” announced today that the boards of...
Boston Marathon Bumps Hotel Rates
BOSTON—Distance runners and their accompanying cheerleaders who are looking for a hotel room in Boston for the marathon next Monday might have to spend...
Flexible Models Ease Leisure Companies’ Cuban Market Entry
NEW YORK—Flexible and less capital-intensive business models should facilitate U.S. leisure companies', including cruise operators, hotels, and online travel agencies (OTAs), Cuban market entry...
Stonehill Projects Record Year in Transaction Activity
Stonehill Strategic Capital hit a record high in the first quarter, closing approximately $190 million in hotel financing. That follows a strong 2015, in...
Global Uncertainty Causes Lag in Business Travel
ALEXANDRIA, Va.—U.S. business travel will continue to grow only moderately in 2016 as global uncertainty looms. This is one of the key findings from...