Tag: finance & development
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...
IHG Shares Development Updates and Plans Future Growth
IHG Hotels & Resorts shared development momentum from 2022 and the start of the 2023 HUNTER Hotel Investment Conference in Atlanta, Georgia, by releasing...
Extended Stay America Enters Agreement for Eight New Properties With Bask Development
CHARLOTTE, North Carolina—Extended Stay America announced that it entered into an agreement with BASK Development for eight new Extended Stay America Premier Suites located...
ECHO Suites Extended Stay by Wyndham Has Over 200 Hotels in Development Pipeline
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced the continued expansion of its ECHO Suites Extended Stay by Wyndham brand, which in just one year,...
Baird/STR Hotel Stock Index Fell 2.5 Percent in February 2023
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 2.5 percent in February to a level of 5,541.
“Hotel stocks—just like the broader market—pulled back...
