Inflation, interest rates cited as red flags for hotel buys
Rising inflation and interest rates are cooling the ardor of small-to-medium-size hotel investors despite the heat-up of leisure travel, a… Read More »
Hopes rise along with occupancy for Chicago Loop hotels
Hotel occupancy in the Chicago Loop has reached its highest level since the pandemic started, and a board member of… Read More »
MCR secures $420M in refinancing for 30 hotels
Four firms have combined to provide hotel owner-operator MCR with a $420 million refinancing package for 30 Marriott- and Hilton-affiliated… Read More »
Dallas’ NewcrestImage continues growth after sell-off year
Dallas-area chain NewcrestImage is expanding its portfolio by nearly 700 rooms with the purchase of four La Quinta-branded properties in… Read More »
Colo. community looks to hotels for transit worker housing
Transportation officials in Glenwood Springs, Colo., plan to acquire a hotel for conversion to housing for employees and may make… Read More »
Goh will leave CEO role at Star Alliance in 2022
Jeffrey Goh will step down from the CEO position at Star Alliance this year, leaving after five years at an… Read More »
Canada restarts random COVID-19 testing
Canada will resume random COVID-19 testing starting July 19 for passengers arriving at four major airports who are fully vaccinated,… Read More »
Fla. pilot joins in Ukrainian relief effort
Pilot John Bone of Apalachicola, Fla., is volunteering with Ukraine Air Rescue to bring Ukrainian refugees to safety in Germany… Read More »