Tag: November 2021
Sheraton Hotel Airport and Conference Center Grand Rapids to Begin Conversion
GRAND RAPIDS, Michigan—Marshall Hotels & Resorts, a hotel management and services company that operates properties nationwide, announced the $14 million conversion of the 259-room...
STR: September Labor Spending Lowers GOP for U.S. Hotels
HENDERSONVILLE, Tennessee—Increased spending on labor created lower gross operating profit for U.S. hotels, according to STR's September 2021 monthly P&L data release.
Estimated labor costs...
Summit Hotel Properties to Acquire NewcrestImage Portfolio
AUSTIN, Texas—Summit Hotel Properties, Inc. announced that it has entered into a definitive contribution and purchase agreement to acquire a 27-hotel portfolio totaling 3,709...
IHG Hotels & Resorts Opens 45th avid hotel Macon North
One of IHG Hotels & Resorts’ (IHG) newest and growing brands, avid hotels, recently announced its 45th new hotel in Macon, Georgia—the latest in...
STR: U.S. Hotel Performance Dropped Week Over Week
HENDERSONVILLE, Tennessee—As anticipated ahead of Halloween, U.S. hotel performance fell week over week, according to STR‘s latest data through October 30, 2021.
U.S. Hotel Performance
October...