First Hospitality Announces 2022 Growth, Increased Portfolio by 25 Percent
CHICAGO—First Hospitality realized growth in 2022, increasing hotels under management by 25 percent. The company expanded into three new markets, bringing First Hospitality’s portfolio...
SureStay-ing Power: BWH Hotel Group’s CEO and CDO on Passing the 400 Mark
LODGING recently sat down with BWH Hotel Group CEO Larry Cuculic and Senior Vice President and Chief Development Officer Brad LeBlanc specifically to discuss...
Thoughtful Growth: Charlestowne Hotels Redefines Corporate Structure to Support Expansion Plans and Owners
Hospitality management company Charlestowne Hotels is priming itself for portfolio-wide growth in 2023—but not indiscriminately. As the company’s CEO Kyle Hughey notes, “The word...
Baird/STR Hotel Stock Index Ended 2022 15 Percent Down
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index dropped 10 percent in December to a level of 4,885. For 2022 as a whole, the...
LODGING Exclusive: Sonesta Makes ‘Essential’ Addition To Brand Lineup
Projecting it as “a significant growth vehicle” for the company, Sonesta International Hotels Corporation earlier this week revealed the launch of a new brand...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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