Tag: finance & development
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...
A Trusted Advisor: The Evolved Role of the Broker Brings More Value to Owners
When I first started out in hotel brokerage back in the late 1980s, the market was unsophisticated and had not adopted the fiduciary focus...
Rising Interest Rates, Construction Costs Keep Hotel Supply Growth Muted
As a result of a significant spike in the cost of raw materials following the pandemic, as well as a steady increase in interest...
Red Roof to Open 50 Properties in 2023
COLUMBUS, Ohio—Red Roof will open 50 properties—new builds and conversions—in 2023, representing 60 percent year-on-year growth. The company attributes this growth to continued demand...