STR: U.S. Weekly Hotel Occupancy Remained Flat
HENDERSONVILLE, Tennessee—U.S. hotel occupancy remained relatively flat week over week, while average daily rate rose, according to STR's latest data through September 25, 2021.
U.S....
Sonesta Launches Sonesta Franchising in the United States
NEWTON, Massachusetts—Sonesta International Hotels Corporation (Sonesta) announced the official launch of Sonesta Franchising, its expanded global hotel franchising organization. The debut of Sonesta Franchising...
DoubleTree Suites Salt Lake City Downtown Acquired by Stockdale
LOS ANGELES—Stockdale Capital Partners (Stockdale), a Los Angeles-based, vertically-integrated real estate investment firm, acquired the DoubleTree Suites Salt Lake City Downtown.
“The DoubleTree Suites Salt...
Omni Hotels & Resorts Breaks Ground on Omni Tempe Hotel at ASU
TEMPE, Arizona—Omni Hotels & Resorts announced it broke ground on Omni Tempe Hotel at ASU, a 330-guest-room hotel set to open in 2023 in...
How Declining EBITDA Levels Affected Owners’ Ability to Pay Interest Expenses in 2020
The decline in the operating performance of U.S. hotels during 2020 has been well documented. According to the results of CBRE’s 2021 edition of...
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Red Roof Names Zack Garib As President; Fouad Malouf to Newly Created Position Of...
Red Roof®, an award-winning leader in the lodging industry, has named hotel industry veteran Zack Gharib as President, effective immediately.
Gharib brings more than two...
3 Ways Hoteliers Can Protect Data With Key Control Solutions
After planning and preparing dream vacations and securing reservations, hotel guests count on the protection and security of their credit card financial data through...
A Louisiana-Style Guest Getaway
Opened in January, the Origin Hotel Baton Rouge, a Wyndham Hotel, is housed in the Baton Rouge Savings & Loan Association Building, which is...
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