Dallas tops list of US hotel construction activity
Dallas is the hottest city in the US for hotel construction, with 173 projects underway during the second quarter. Rounding… Read More »
Hersha Hospitality Trust sells D.C. hotels to Blackstone affiliates
Hersha Hospitality Trust has sold two hotels in the Washington, D.C. area to Blackstone affiliates for a total of $112.7… Read More »
Alcohol-free vacation offerings are growing
People are becoming more health conscious, which is bringing about a new trend of alcohol-free vacations. Beginning in September, the… Read More »
Hotel rates to remain strong later in 2022
Hotel room prices could remain strong later in the year, with STR expecting an average daily rate of $153.71 in… Read More »
Hawaii housekeepers reach new deal for increased wages
Housekeepers at the Hilton Garden Inn in Waikiki, Hawaii, have agreed to a seven-year contract through their union that will… Read More »
Source: Park Hotels eyes $200M-plus sale of Caribe Hilton
Park Hotels & Resorts is considering a sale of a 652-room hotel in San Juan, Puerto Rico, and the REIT… Read More »
Many competitors vie to build casino in NYC
Competition to build a casino in Manhattan is intensifying with several players, including VICI Properties, seen as viable bidders, despite… Read More »
Travel tech startup seeks to help independent hotels
Hospitality technology startup Skipper, which offers hotel booking tools, brought in $5.8 million in its latest seed round. CEO Jason… Read More »
Austrian castle hotel to rebrand as Rosewood property
Arabella Hospitality is rebranding Hotel Schloss Fuschl in Salzburg, Austria, as a Rosewood property. The 98-key historic castle hotel will… Read More »
Aman New York raises posh pricing bar: $5.5K per night
The Aman New York, which opened Aug. 2 in the century-old Crown Building in Manhattan, boasts the Big Apple’s most… Read More »
Hotel room rate, revenue forecast revised upward
STR and Tourism Economics bumped up their June forecast for hotel room rates and revenue per room this week but… Read More »
Construction set to begin on $650M casino resort in Va.
Construction is scheduled to kick off this week on a $650 million casino-entertainment center in Danville, Va. The project, a… Read More »
Figures show robust but uneven global hotel rebound
The hotel industry worldwide is riding a wave of rising prices and occupancy even as travelers confront inflation and other… Read More »
$675M Radisson buy boosts Choice Hotels’ diversity
The $675 million sale of Radisson Hotels Americas to Choice Hotels International that was agreed upon in June has been… Read More »
Caribe Hilton in P.R. may go on block, source says
Park Hotels & Resorts is reported to be seeking more than $200 million in a planned sale of the historic… Read More »
Brown Hotels: The little Israeli engine that could
The low-profile Brown Hotels group has reached the neighborhood of Israel’s leading hospitality chains in its 12 years of existence,… Read More »
Dallas hotel tax hike proposal placed on Nov. 8 ballot
Dallas voters will decide Nov. 8 whether to raise the city’s hotel tax by 2%, a move estimated to yield… Read More »
Hotels devise multiple ways to bring many happy returnees
Enhanced loyalty perks, deals on extended stays and promotion of properties as workspace are among innovations hotels have devised to… Read More »
Hyatt makes sweeping upgrade of rate-setting tech
Hyatt Hotels is turning to the Minnesota-based tech firm IDeaS to accelerate automation of its room rate-setting system. More than… Read More »
Hyatt buys idle Irvine, Calif., hotel for $135M
Hyatt Hotels has purchased the defunct Hotel Irvine for $135 million, completing the Irvine, Calif., owner’s departure from the hotel… Read More »
Sofitel Philadelphia Hotel buyers land $56.3M loan
A joint venture by Oaktree Capital Management and Clearview Hotel Capital has secured a $56.3 million loan from real estate… Read More »
Developer grounds Atlanta airport hotel venture
A hotel project for Hartsfield-Jackson Atlanta International Airport that once was scheduled for completion in 2020 has been canceled by… Read More »