NewcrestImage and Dabu Group Acquire Marriott Dallas/Fort Worth Westlake
In a joint venture, NewcrestImage and Dabu Group have acquired the full-service Marriott Dallas/Fort Worth Westlake. The hotel has architecture by Mexican architect Ricardo...
CoStar: U.S. Hotel Performance Increases for First Time in Weeks
WASHINGTON—U.S. hotel performance increased from the previous week according to CoStar’s latest data through Sept. 16, 2023.
U.S. Hotel Performance
Sept. 10-16, 2023
Percentage change from comparable...
CoStar: August 2023 U.S. Hotel Performance Improved Year Over Year
WASHINGTON—Following seasonal patterns, the U.S. hotel industry reported lower performance results from the previous month but improved comparisons year over year, according to August...
Baird/STR Hotel Stock Index Dropped 3.6 Percent in August
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 3.6 percent in August to a level of 5,856.
“Hotel stocks pulled back and underperformed in...
CoStar: U.S. Hotel Performance Continues to Show Mixed Results, Follows Seasonal Patterns
WASHINGTON—Continuing seasonal patterns, U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through September 9, 2023.
U.S. Hotel Performance
September...
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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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