Debt may spur hotel sales, investment leader predicts
Debt and rising costs of operations and upkeep may compel many owners of hotels in uncertain urban markets to sell… Read More »
Vienna House brand bought by Wyndham for $44M
Wyndham Hotels & Resorts is expanding its portfolio by approximately 40 properties with its $44 million purchase of the Vienna… Read More »
HotelPlus bought by fellow Kenya firm HotelOnline
Kenya-based travel technology company HotelOnline has purchased HotelPlus, a software provider with clients in 22 countries. The price was not… Read More »
Tampa, Fla., airport project gets a go-ahead
The Hillsborough County, Fla., Aviation Authority Board of Directors has approved the third phase of Tampa International Airport’s master plan…. Read More »
CMBS delinquency rates dropped below 3% in Aug.
Last month, CMBS delinquency rates dipped to 2.98%, marking the first time that the figure has been under 3% since… Read More »
Upscale hardware chain joins hotel ownership parade
The RH Guesthouse New York in the city’s Meatpacking District marked the foray by RH, formerly Restoration Hardware, into the… Read More »
Hotels hear wake-up call for most in-demand meal
Hoteliers are embracing breakfast’s solid status as most-favored meal by expanding menus and extending hours, with an eye toward healthier… Read More »
Hotels, leisure brighten dim Beige Book growth outlook
The Federal Reserve’s Beige Book report noted a “generally weak” growth outlook, with “contacts noting expectations for further softening of… Read More »
Diversity initiatives aim to change the face of hospitality
Marriott, Nobu and the Ritz-Carlton are partnering with hospitality programs at schools like Howard University and Florida International University to… Read More »
Utah firm’s $76M bid tops auction of Vermont resort
Utah-based Pacific Group Resorts posted the winning bid of $76 million for Vermont’s Jay Peak Resort in an auction Wednesday… Read More »
Sands fuels Singapore hospitality with $1M scholarship effort
Las Vegas Sands Corp. and its Singapore resort have created a $1 million scholarship program to promote hospitality careers and… Read More »
Marriott Bonvoy boosts loyalty, credit card perks
A new promotion by Marriott International Inc. allows Marriott Bonvoy loyalty members to earn 2,000 bonus points per eligible stay… Read More »