CoStar: U.S. Hotel Performance Increases With Positive Year-Over-Year Comparisons
WASHINGTON—U.S. hotel performance increased from the previous week and year-over-year comparisons were mostly positive, according to CoStar’s latest data through Oct. 7, 2023.
U.S. Hotel...
Apple Hospitality REIT Acquires Two Salt Lake City Hotels
RICHMOND, Virginia—Apple Hospitality REIT, Inc. announced the acquisition of the 175-room Courtyard by Marriott Salt Lake City Downtown for approximately $48.1 million, or $275,000...
Property Tax Trends: New Analysis Shows That Relief for U.S. Hoteliers Varies by Geography
Based on a sample of more than 3,000 hotels from CBRE’s Trends in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626...
Mixed-Use Momentum: Multifaceted Projects Provide Developers With Financing Flexibility
Mixed-use development has long been a viable option for hotel owners looking to create multifaceted projects that drive different types of demand, but such...
Spark by Hilton Mystic Groton Opens as Brand’s First Hotel
MYSTIC, Connecticut, and MCLEAN, Virginia—Hilton celebrated the opening of Spark by Hilton Mystic Groton, solidifying the company’s entry into the premium economy segment. With...