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PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

ATLANTA, Ga.—According to the March 2014 edition of PKF Hospitality Research LLC’s (PKF-HR) Hotel Horizons forecast report, the U.S. hotel occupancy rate will finally recover to pre-recession levels in 2014. Given this lofty level of performance, many industry participants are ...

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RLJ Lodging Trust Acquires 10-Hotel Portfolio

RLJ Lodging Trust Acquires 10-Hotel Portfolio

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that their affiliates have closed on the previously announced purchase and sale of 10 Hyatt, Hyatt Place, and Hyatt House hotels, totaling 1,560 rooms. Hyatt affiliates will manage the hotels under ...

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AHIP Closes $37.1 Million Hotel Portfolio Acquisition

AHIP Closes $37.1 Million Hotel Portfolio Acquisition

VANCOUVER—American Hotel Income Properties REIT LP announced the closing of its previously announced acquisition of a portfolio of four hotel properties located in Virginia for an aggregate purchase price of approximately $37.1 million, including up to $1.6 million for defeasance ...

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TravelClick: Hotels Positioned For Growth in 2014

TravelClick: Hotels Positioned For Growth in 2014

NEW YORK—Hotels are poised to see healthy growth in 2014, according to data from the February 2014 TravelClick North American Hospitality Review (NAHR). Both the transient (individual business and leisure travelers) as well as the group segment are seeing gains ...

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