STR: U.S. Weekly Hotel Occupancy Dipped But Room Rates Are Up
HENDERSONVILLE, Tennessee—U.S. weekly hotel occupancy dipped from the previous week but room rates were up slightly, according to STR's latest data through July 31,...
CBRE: Global Recovery Has Begun in Most Regions, But There Are Risks
DALLAS—The global economic recovery has begun to hit its stride in most regions, with workforces in many countries planning to return to the office...
VICI Properties Announces Acquisition of MGM Growth Properties
NEW YORK and LAS VEGAS—VICI Properties Inc. (VICI Properties or VICI), MGM Growth Properties LLC (MGP), and MGM Resorts International (MGM Resorts)—MGP’s controlling shareholder—have...
Red Roof Unveils New Efficient Prototype for Growing Extended-Stay Brand, HomeTowne Studios
Today at the annual Asian American Hotel Owners Association Convention (AAHOACON 2021), Red Roof unveiled a new prototype for its HomeTowne Studios by Red...
Mumford Company Completes Hampton Inn of Bridgeport, West Virginia Transaction
NEWPORT NEWS, Virginia—Mumford Company, a full-service hotel advisory firm since 1978, was pleased to again represent affiliates of Virginia Inn Management (VIM) in the...
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Choice Hotels Publishes 2023 ESG Report
NORTH BETHESDA, Maryland—Choice Hotels International, Inc. published its 2023 Environmental, Social, and Governance Report. The report details Choice's latest initiatives to drive sustainability across...
World of Hyatt Platform Adds More Than 700 Properties From Mr & Mrs Smith
CHICAGO—Hyatt Hotels Corporation announced that World of Hyatt is offering members access to earn and redeem at a collection of more than 700 boutique...
Lodging Econometrics: U.S. Hotel Construction Pipeline Shows Robust Growth
As seen in the Q1 2024 U.S. Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), at the end of the first quarter, there...
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