Tag: finance & development
Extended Stay Suites Atlanta-McDonough Opens
CHARLOTTE, North Carolina—Extended Stay America announced the opening of the Extended Stay Suites Atlanta-McDonough, located in McDonough, Georgia. The property was developed by TGC...
STR: U.S. Hotel Performance Fluctuates With Spring Break Season
HENDERSONVILLE, Tennessee—Reflecting the normal ebb and flow of spring break season, U.S. hotel performance decreased from the previous week, according to STR's latest data...
Rising Labor Costs: Drivers Include Inflation, High Minimum Wage, and More Hours Worked
Less spending on labor has been a big reason why U.S. hotel profit margins have held strong, but that spend is on the rise...
STR: U.S. Weekly Hotel Performance Increases, Backed by Spring Break Travel
HENDERSONVILLE, Tennessee—Helped by spring break travel, U.S. hotel performance increased from the previous week, according to STR's latest data through March 18, 2023.
U.S. Hotel...
NewcrestImage and Hospitality Capital Partners Acquire 16 Hotels in Joint Venture
In a joint venture, Dallas, Texas-based NewcrestImage and Phoenix, Arizona-based Hospitality Capital Partners (HCP) have acquired 16 hotels with a total of 2,155 rooms...