Tag: May 2022
Aimbridge Hospitality Welcomes Mark Tamis, President, Global Operations
PLANO, Texas—Aimbridge Hospitality has welcomed Mark Tamis to the role of President, Global Operations. The addition of Tamis represents Aimbridge’s commitment to and investment...
Marriott Partners With Yahoo to Create Marriott Media Network
Marriott International, Inc., announced the launch of the Marriott Media Network, an omnichannel cross-platform advertising solution for brand advertisers, enabling content experiences and offerings...
Chatham Lodging Trust Announces the Closing Sales of Four Hotels
WEST PALM BEACH, Florida—Chatham Lodging Trust announced the closing of the sales of four hotels comprising 537 rooms for aggregate proceeds of approximately $80...
STR: Weekly U.S. Hotel Occupancy Declined While ADR Increased
HENDERSONVILLE, Tennessee—U.S. hotel occupancy declined from the previous week, while average daily rate (ADR) increased slightly, according to STR's latest data through May 7,...
Fluctuating Fees: The Impact of the COVID-19 Industry Recession on Management Fees
Hotel management contracts typically include two primary components of compensation for the management company—a base fee and an incentive fee. The base management fee...