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Growing wages

Asset Managers Mostly Concerned With Rising Labor Costs

The Hospitality Asset Managers Association (HAMA) recently hosted its 2019 Spring Conference at the Marriott Marquis, Washington, D.C. from April 4-5. During the conference,...
Profitability

Apple Hospitality REIT Sells Nine Hotels for $95 Million

RICHMOND, Va.—Apple Hospitality REIT recently announced that it completed a nine-hotel portfolio sale for a total sales price of $95 million on March 28,...
Hilton Garden Inn Nashville Smyrna

Real Hospitality Group and Aspect Investment Partners Close on Four Hotel Portfolio

OCEAN CITY — Real Hospitality Group and Aspect Investment Partners Ltd. have added four hotels to their portfolio and expanded their hotel ownership and...
Hospitality Ventures Management Group

HVMG Grew its Portfolio 42 Percent in the First Half of 2018

ATLANTA — Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership, and management company, announced it is on pace for a record growth...

Summit Hotel Properties to Acquire Ten Hotels

SIOUX FALLS, S.D.— Summit Hotel Properties, Inc. (the “Company”) announced that it has entered into a definitive agreement to acquire a portfolio of eight...
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