Post-Boom Period: Slowing U.S. Hotel Industry Performance Growth Hitting Development and Transactions
The U.S. hotel sector posted healthy performance growth during the first quarter of 2023 despite ongoing economic concerns presenting more hurdles for the leisure...
STR: U.S. Hotel Performance Comparisons Improve Year-Over-Year
HENDERSONVILLE, Tennessee—U.S. hotel performance fell from the previous week, but year-over-year comparisons improved, according to STR's latest data through July 1, 2023.
U.S. Hotel Performance
June...
STR: U.S. Hotel GOPPAR Fell in May 2023
HENDERSONVILLE, Tennessee—U.S. hotel gross operating profit per available room (GOPPAR) fell from the previous month, according to STR's May 2023 P&L data release.
U.S. Hotel...
Mumford Company Completes Sale of Fairfield Inn & Suites in Cleveland, Tennessee
NEWPORT NEWS, Virginia—Mumford Company, a full-service hospitality brokerage advisory firm, announced it completed the sale of the Fairfield Inn & Suites in Cleveland, Tennessee....
JLL Capital Markets Arranges Financing for The Sandbar Hotel
BOSTON—JLL Capital Markets announced that it arranged $7.59 million in financing for The Sandbar Hotel, Trademark Collection by Wyndham, a 121-key, limited-service, beachfront hotel...