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U.S. Hotels in Profitable Portion of Recovery Cycle

U.S. Hotels in Profitable Portion of Recovery Cycle

Despite the slowdown in the pace of revenue per available room (RevPAR) growth in 2013, U.S. hotels were able to sustain strong gains in net operating income (NOI) during the year. Looking forward, the combination of rising average daily rates ...

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FHG Opens New Hyatt Place Hotel

FHG Opens New Hyatt Place Hotel

ROSEMONT, Ill.—Hyatt Hotels & Resorts and First Hospitality Group Inc. have opened Hyatt Place Champaign/Urbana. It is the first Hyatt-branded hotel to open in downtown Champaign. “As Champaign continues to grow, we are excited to add to the momentum by ...

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Le Meridien Tampa Debuts in Century-Old Courthouse

Le Meridien Tampa Debuts in Century-Old Courthouse

Starwood Hotels & Resorts Worldwide Inc. announced the debut of Le Méridien Tampa, following an adaptive re-use project that has transformed a century-old federal courthouse into the city’s newest hotel. Developed by Memphis-based Development Services Group and owned via joint ...

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