Tag: financial news
CoStar: Holidays and Natural Disasters Impact U.S. Hotel Performance
WASHINGTON—Due to Rosh Hashanah, the U.S. hotel industry reported negative year-over-year comparisons, according to CoStar’s latest data through Oct. 5, 2024.
U.S. Hotel PerformanceSeptember 29-October...
Driftwood Capital Closes Latest Fund for Development on Florida’s Space Coast
MIAMI, Florida—Driftwood Capital announced the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio, LP, focusing on the acquisition and development...
NewcrestImage Acquires DoubleTree Suites by Hilton Columbus Downtown
NewcrestImage acquired the DoubleTree Suites by Hilton Columbus Downtown in Ohio. The deal was brokered by Hunter Hotel Advisors, with Senior Vice Presidents Tim...
Hyatt Hotels Corporation Reports Q2 2024 Results
CHICAGO—Hyatt Hotels Corporation reported second quarter 2024 results. Highlights include:
Comparable system-wide hotels RevPAR increased 4.7 percent compared to the same period in 2023
Comparable system-wide...
Marriott International Reports Q2 2024 Results
Marriott International, Inc. reported second quarter 2024 results. Highlights include:
Second quarter 2024 comparable systemwide constant dollar RevPAR increased 4.9 percent worldwide, 3.9 percent in...