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HMC Continues Expansion in Texas

HMC Continues Expansion in Texas

DALLAS, Texas—Hospitality Management Corporation (HMC) has opened a newly built, 82-room Microtel Inn & Suites by Wyndham in Midland, Texas, located 12 miles from the Midland International Airport. The hotel is located nearby corporate offices, including IBM, Halliburton, and Patriot ...

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Median Franchise Cost is 11.8 Percent of Rooms Revenue

Median Franchise Cost is 11.8 Percent of Rooms Revenue

The median franchise cost is 11.8 percent of rooms revenue, according to the 2014 United States Hotel Franchise Fee Guide from HVS. Franchise fees for full-service brands were mostly above the median franchise cost, while extended-stay brands were largely below ...

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HRI Lodging Appoints Michael Coolidge CIO

HRI Lodging Appoints Michael Coolidge CIO

NEW ORLEANS—HRI Lodging’s (HRIL) leadership announced on Oct. 16 that Michael Coolidge has been hired as chief investment officer. Coolidge joins HRIL from CSM Corporation, where he previously served as senior vice president of real estate, acquisitions, and lodging development. ...

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