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Leisure Travel Leads the Charge in Booking and Rates

Leisure Travel Leads the Charge in Booking and Rates

NEW YORK—The hotel industry saw a healthy start to the year and is continuing to show gains in both demand and average daily rate (ADR), according to data from the April 2014 TravelClick North American Hospitality Review (NAHR). The transient ...

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PKF Forecasts Double-Digit Gains in NOI Through 2015

PKF Forecasts Double-Digit Gains in NOI Through 2015

ATLANTA, Ga.—According to the 2014 edition of Trends in the Hotel Industry, an annual report recently released by PKF Hospitality Research LLC (PKF-HR), hotel profits are on pace to exceed pre-recession levels in 2014. Despite the slowdown in the pace ...

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Concord Hospitality Sells 13-Hotel Portfolio for $240M

Concord Hospitality Sells 13-Hotel Portfolio for $240M

RALEIGH, N.C.—Concord Hospitality Enterprises has announced the sale of a portfolio of 13 premium-branded, select-service hotels to companies owned by a global investment fund for approximately $240 million in an all-cash transaction. Concord will continue to operate the hotels under ...

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Boston Marathon to Bring Economic Boost to Region

Boston Marathon to Bring Economic Boost to Region

The 118th Boston Marathon on April 21, 2014, and surrounding marathon-related events including the John Hancock Sports & Fitness Expo and the Boston Athletic Association (BAA) 5K, will bring an estimated $175.8 million in spending impact to the Greater Boston ...

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