OTO Development CEO Turner Moves Company Forward
August marks a year since Todd Turner took over the reins as CEO of Spartanburg, South Carolina-based OTO Development following the untimely passing of...
IHG Announces New Conversion Brand: Garner—an IHG Hotel
ATLANTA—IHG Hotels & Resorts (IHG) launched its new midscale conversion brand, Garner—an IHG Hotel. With a proposition of delivering "easy-going stays that get you...
Singular Focus: ESA Leverages Deep Extended-Stay Roots for Rapid Growth as Segment Explodes
Extended stay is the place to be if you’re in the hotel space these days. Fortunately for Extended Stay America (ESA), the segment that...
CBRE: Commercial Real Estate Lending Activity Slowed During Q2 2023
DALLAS—Commercial real estate lending slowed in the second quarter of 2023 as market uncertainty weighed on available debt capital, according to the latest research...
Marriott Reveals StudioRes As New Name For Extended-Stay Brand
A couple of months after launching its new lower-midscale extended-stay brand concept, Marriott International has revealed that it will be known as StudioRes.
Previously referred...
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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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