Tag: finance
CoStar: U.S. Hotels Show Mixed Performance Results
WASHINGTON—U.S. hotel performance showed mixed results over the previous week, according to CoStar's latest data through March 2, 2024.
U.S. Hotel Performance
February 25-March 2, 2024
Percentage...
Placemakr Cathedral Heights Launches as Brand’s Newest Pop-Up Hotel
WASHINGTON—Placemakr announced the launch of its latest hotel, Placemakr Cathedral Heights, a pop-up at Upton Place. Launching in partnership with Donohoe and Aimco, the...
Hotel Transaction Downtrend: Interest Rates Played Major Role in Soft 2023 U.S. Market
The “higher-for-longer” interest rate environment had a chilling impact on the U.S. hotel transaction market in 2023. After a strong 2022, only $22 billion...
Marcus Hotels & Resorts Closes on Loews Minneapolis Hotel Acquisition
MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The...
Ashford Trust Signs Agreement to Sell Hilton Boston Back Bay
DALLAS—Ashford Hospitality Trust, Inc. announced that it has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay in Boston, Massachusetts, for...