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PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

PKF U.S. Hotel Forecast: Overbuilding Not a Concern (Yet)

ATLANTA, Ga.—According to the March 2014 edition of PKF Hospitality Research LLC’s (PKF-HR) Hotel Horizons forecast report, the U.S. hotel occupancy rate will finally recover to pre-recession levels in 2014. Given this lofty level of performance, many industry participants are ...

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InterContinental Opens First Hotel in Nha Trang

InterContinental Opens First Hotel in Nha Trang

VIETNAM—InterContinental Hotels Group has opened the doors of the brand new InterContinental Nha Trang in the coastal city of Nha Trang, Vietnam. The 279-room hotel overlooks the coastline and waters of the Nha Trang Bay and includes 56 suites. The ...

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Hilton Announces New Hotel in Zhengzhou, China

Hilton Announces New Hotel in Zhengzhou, China

ZHENGZHOU, China and MCLEAN, Va.—Hilton Hotels and Resorts and Hilton Worldwide have announced the opening of Hilton Zhengzhou. The opening marks the first Hilton Hotels and Resorts property in Henan Province. Strategically situated in the center of Zhengzhou, the 39-story ...

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RLJ Lodging Trust Acquires 10-Hotel Portfolio

RLJ Lodging Trust Acquires 10-Hotel Portfolio

BETHESDA, Md.—RLJ Lodging Trust and Hyatt Hotels Corporation announced that their affiliates have closed on the previously announced purchase and sale of 10 Hyatt, Hyatt Place, and Hyatt House hotels, totaling 1,560 rooms. Hyatt affiliates will manage the hotels under ...

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AHIP Closes $37.1 Million Hotel Portfolio Acquisition

AHIP Closes $37.1 Million Hotel Portfolio Acquisition

VANCOUVER—American Hotel Income Properties REIT LP announced the closing of its previously announced acquisition of a portfolio of four hotel properties located in Virginia for an aggregate purchase price of approximately $37.1 million, including up to $1.6 million for defeasance ...

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