Baird/STR Hotel Stock Index Increased 6.2 Percent in June 2023
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index grew 6.2 percent in June to a level of 5,615.
“Hotel stocks extended their year-to-date gains in...
STR: U.S. Hotel Performance Falls With Lack of Business Travel During Holiday
HENDERSONVILLE, Tennessee—Due to constricted business travel during the Fourth of July, U.S. hotel performance fell from the previous week and showed weaker year-over-year comparisons,...
District Hospitality Partners Acquires the Westin Annapolis
BETHESDA, Maryland—District Hospitality Partners announced the acquisition of the Westin Annapolis. Located in historic downtown Annapolis, the 225-room property provides guests access to attractions,...
Choice Hotels International Provides Business Update
ROCKVILLE, Maryland—Choice Hotels International, Inc. provided an update on its business, including the integration of the Radisson Hotels Americas portfolio into its franchisee system.
Growth...
JLL Capital Markets Arranges Home2Suites and Residence Inn Sales
WASHINGTON, D.C.—JLL Capital Markets announced that it arranged the sale of Home2Suites by Hilton, a 103-key hotel in Blacksburg, Virginia, and the sale of...
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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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