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Detroit Occupancy Rates are Softening

Despite bankruptcy problems, the city of Detroit has a relatively strong hotel market. Fueled by the bounce back of the automotive industry and a renewed push for conventions and meetings, Detroit experienced three consecutive years of occupancy and RevPAR growth. ...

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Accor Unveils New Strategy for Growth

Accor’s new CEO Sébastien Bazin unveiled a new strategy for the company’s growth as he surprised investors and announced that he will spilt the company into two distinct tracks. HotelServices will act as the hotel operator and franchisor division while ...

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Blackstone Seeks La Quinta IPO

Blackstone Seeks La Quinta IPO

Although rumors of a possible La Quinta sale circulated a little while back, it looks like Blackstone will seek an IPO for the hotel company instead. According to this report from Bloomberg, Blackstone believes that it can get higher returns ...

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Survey Shows Room Rates Rising for Super Bowl

Survey Shows Room Rates Rising for Super Bowl

NEW YORK—Football fans who are planning to book their hotel in New York for next year’s Super Bowl better steel themselves for some price shock. According to a new survey from CheapHotels.org, hotels in New York City, and in particular ...

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Ace Hotel Founder Alex Calderwood Found Dead in London

Last Thursday, Nov. 18, Alex Calderwood, the co-founder of hip hotel brand Ace Hotel, was found dead in a room at London’s Ace Hotel, according to this report from the Daily Beast. Calderwood was influential in launching the vintage-inspired, quirky ...

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