Tag: industry news
KSL Capital Partners Acquires Hersha Hospitality Trust
PHILADELPHIA, Pennsylvania—Hersha Hospitality Trust and KSL Capital Partners, LLC announced a definitive merger agreement entered into on August 27, 2023, under which affiliates of...
Chains Versus Independents: The Segments Have Experienced Similar Recovery, But Different Supply Impacts
The booming industry recovery has touched chains and independent hotels alike, but the role of supply growth in that recovery has varied across the...
Charlestowne Expands Portfolio With Hotel Verdant
CHARLESTON, South Carolina—Charlestowne Hotels announced its expansion in the Midwest with the boutique property Hotel Verdant. The 80-room adaptive reuse project in Racine, Wisconsin,...
OTO Development CEO Turner Moves Company Forward
August marks a year since Todd Turner took over the reins as CEO of Spartanburg, South Carolina-based OTO Development following the untimely passing of...
AHLA Releases Statement on GSA’s Fiscal Year 2024 Per Diem Rates
WASHINGTON—American Hotel & Lodging Association (AHLA) President and CEO Chip Rogers released a statement after the General Services Administration (GSA) announced its Fiscal Year...