Property Tax Trends: New Analysis Shows That Relief for U.S. Hoteliers Varies by Geography
Based on a sample of more than 3,000 hotels from CBRE’s Trends in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626...
Mixed-Use Momentum: Multifaceted Projects Provide Developers With Financing Flexibility
Mixed-use development has long been a viable option for hotel owners looking to create multifaceted projects that drive different types of demand, but such...
Spark by Hilton Mystic Groton Opens as Brand’s First Hotel
MYSTIC, Connecticut, and MCLEAN, Virginia—Hilton celebrated the opening of Spark by Hilton Mystic Groton, solidifying the company’s entry into the premium economy segment. With...
Leading Vendors Discuss the Latest Advancements in Building Management Software
Over the past few years, the centralized, digital control and oversight of building systems such as HVAC, lighting, and locks has evolved to the...
Knowland: Nashville Sees Highest Growth in Event Volume in September
ARLINGTON, Virginia—Knowland reported that in September, Nashville saw the highest percent growth at 30.7 percent and Los Angeles saw 22.3 percent growth over 2022....
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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