American Liberty Hospitality Opens Third Dual-Branded Hotel
Houston-based American Liberty Hospitality continues to expand its regional footprint with the opening of the company’s third dual-branded hotel, bringing two concepts under one...
STR: September Labor Spending Lowers GOP for U.S. Hotels
HENDERSONVILLE, Tennessee—Increased spending on labor created lower gross operating profit for U.S. hotels, according to STR's September 2021 monthly P&L data release.
Estimated labor costs...
IHG Hotels & Resorts Opens 45th avid hotel Macon North
One of IHG Hotels & Resorts’ (IHG) newest and growing brands, avid hotels, recently announced its 45th new hotel in Macon, Georgia—the latest in...
STR: U.S. Hotel Performance Dropped Week Over Week
HENDERSONVILLE, Tennessee—As anticipated ahead of Halloween, U.S. hotel performance fell week over week, according to STR‘s latest data through October 30, 2021.
U.S. Hotel Performance
October...
Certares Acquires the Embassy Suites Atlanta Midtown
NEW YORK—Certares Management LLC, an investment specialist dedicated to the travel, tourism, and hospitality sectors (together with its affiliates, Certares), in partnership with Highlands...
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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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