Tag: finance
GE to Sell Franchise Finance U.S. Hotel Business
FAIRFIELD, Conn.—GE has reached an agreement to sell GE Capital’s Franchise Finance U.S. hotel business to Western Alliance Bank, a wholly owned subsidiary of...
Fragmented Performance Dampens Spring Hotel Outlook
NEW YORK—While new bookings are up at the start of the spring season, with 17 of the top 25 North American markets showing committed...
Increased Credit Card Use Has Positive, Negative Outcomes
The use of credit cards has increased dramatically over the past few years. Not only are transient guests using cards to pay for guestrooms...
New Starwood Offer Might Delay Marriott’s Ratings Momentum
NEW YORK—Fitch Ratings continues to see positive ratings momentum for Marriott International stemming from its planned merger with Starwood Hotels & Resorts. However, less...
Robust 2015 Hotel Performance Masks Softening
The U.S. lodging sector set a record for revenue per available room (RevPAR) of $78.671 in 2015 as a result of all-time highs in...