STR: U.S. Hotel Performance Continues to Decline
HENDERSONVILLE, Tennessee—According to STR's latest data through August 28, 2021, U.S. hotel performance continues to decline from previous weeks.
U.S Hotel Performance
August 22-28, 2021
percentage change...
LCP Provides a Construction Loan to Develop The Printing House
NEW YORK—The LCP Group, L.P. (LCP), a vertically integrated private real estate investment firm, announced it originated a $45,250,000 construction loan to Sun Development...
STR: July 2021 U.S. Hotel GOP Level Surpassed 2019 Comparable
BROOMFIELD, Colorado—Estimated U.S. hotel gross operating profit for July 2021 came in at 111 percent of the 2019 comparable, according to STR's latest monthly...
Lark Hotels Announces New Hotel and Partnership with Angevin & Co.
NEW ORLEANS—Lark Hotels announces that the boutique hotel company has entered into a new partnership with New Orleans-based hospitality group, Angevin & Co., founded...
Phoenix Downtown AC Marriott Sale Brokered by NewGen Advisory
PHOENIX—NewGen Advisory (NewGen) brokered the sale of the newly opened Phoenix Downtown AC Marriott. The property was opened in February 2021 and has 199...
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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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