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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...
May 2022 Calendar

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,...
management fees

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...
Choice Hotels Convention

Future-Focused: Choice Executives on the Customers and Brands of Tomorrow

At the 66th annual Choice Hotels International, Inc., convention—which took a three-year hiatus due to the pandemic—franchisees and corporate leaders alike shared excitement over...
Miraval Resorts

Miraval Resorts & Spas Announces Renovations Across its Three Properties

CHICAGO — Miraval Resorts & Spas announced renovations, updates, and expansions across the brand’s resorts and spas: Miraval Arizona, Miraval Austin, and Miraval Berkshires....