Tag: finance
A Brighter Outlook: CBRE Forecasts Enhanced RevPAR Growth in 2023 Despite Economic Headwinds
Despite projections of persistent inflation and a moderate economic recession, CBRE’s November 2022 Hotel Horizons forecast calls for a 5.9 percent RevPAR increase in...
LivAway Suites Arranges Debt Financing for First National Locations
SALT LAKE CITY, Utah — LivAway Suites, a new economy extended-stay concept, has arranged $85 million in debt financing through Keystone National Group for...
JLL’s Hotels & Hospitality Group Closes Sale of Three Hotel Portfolio
BOSTON—JLL’s Hotels & Hospitality Group announced that it has closed the sale of a portfolio of three recently renovated independent hotels totaling 169 keys...
STR: U.S. Hotel Performance Lowers From Previous Week
HENDERSONVILLE, Tennessee—With the Martin Luther King Jr. holiday, U.S. hotel performance came in slightly lower than the previous week, according to STR's latest data...
Lodging Econometrics: Marriott Led U.S. Construction Pipeline in Q4 2022
As reported in the fourth quarter U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) for 2022, the franchise companies with the largest construction...