The Lending Landscape: Best Practices to Obtain Funding Amid a Hotel Financing Slowdown
With interest rates not expected to decline until mid- to late 2024, hoteliers are still navigating market conditions that are characterized by a higher...
STR: U.S. Weekly Hotel Performance Shows Mixed Year-Over-Year Comparisons
HENDERSONVILLE, Tennessee—U.S. weekly hotel performance produced mixed year-over-year comparisons, according to STR's latest data through May 13, 2023.
U.S. Hotel Performance
May 7-13, 2023
Percentage change from...
Shaner Hotels Announces Acquisition of Hampton Inn & Suites by Hilton Hershey
HERSHEY, Pennsylvania—Shaner Hotels announced the acquisition of the 86-room Hampton Inn & Suites by Hilton Hershey in Pennsylvania. Shaner also will operate the property...
JLL Capital Markets Arranges Acquisition Financing for St. Regis Chicago
CHICAGO—JLL Capital Markets announced that it arranged $76 million in acquisition financing for the St. Regis Chicago, a 192-key hotel. JLL represented the borrowers,...
My Place Hotel-Jacksonville/Camp Lejeune Opens
ABERDEEN, South Dakota—My Place Hotels of America has opened My Place Hotel-Jacksonville/Camp Lejeune, North Carolina. Cornerstone Hospitality, which already has a My Place hotel...