Tag: lodging daily news
Lotte Group Offices Raided by Prosecutors
The offices of Lotte Group, the country's fifth-largest conglomerate, were raided by South Korean prosecutors on Friday, along with several affiliates. The raid is...
Ashford Hospitality Prime Receives $735 Million Unsolicited Offer
Ashford Hospitality Prime has recceived an unsolicited offer from the Weisman Group, a California-based investment company, to buy the company for about $735 million,...
New York, Houston Feature Robust Hotel Pipelines
Lodging Econometrics reports that the five U.S. markets with the largest hotel construction pipelines by project count are New York with 187 projects, Houston...
Upper Midscale Hotel Projects Dominate Pipeline
Analysts at Lodging Econometrics report that there are 2,026 upper midscale projects in the U.S. hotel construction pipeline, the highest count of any chain...
Co-Living May Be the Next Trend in Hospitality
Co-living—or living with a group of unrelated people—is gaining popularity in the United States as millennials seeking out interpersonal connections are finding each other in...
