Marcus & Millichap Announces Sale of Super 8 by Wyndham in Greensboro, N.C.
GREENSBORO, North Carolina—Marcus & Millichap announced the sale of Super 8 by Wyndham Greensboro/Coliseum/Conv., a 60-room hospitality property in Greensboro, North Carolina. The asset...
Lodging Econometrics Releases New Global Hotel Construction Pipeline Trend Report
PORTSMOUTH, New Hampshire—The latest Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) states that as of Q4 2021, the global hotel construction...
Driftwood Capital Acquires The Scottsdale Resort at McCormick Ranch
Driftwood Capital has acquired The Scottsdale Resort at McCormick Ranch, a hacienda-style resort with 326 guestrooms located on 16 acres in one of Arizona’s...
STR: January 2022 Reports Lower Performance Than January 2019
HENDERSONVILLE, Tennessee—The U.S. hotel industry reported lower performance to open the year than in 2019, according to January 2022 data from STR.
U.S. Hotel Performance
January...
Kimpton Denver Tech Center to Open in 2024
SAN FRANCISCO—Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, announced plans to open the first lifestyle hotel in...
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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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