Lodging Econometrics: Global Hotel Pipeline Reached Record High Project Counts in Q4 2023
The Q4 2023 Global Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE) revealed that the global hotel construction pipeline hit all-time high project...
EVEN Hotels Shares Details of Two Hotel Openings
ATLANTA—EVEN Hotels, part of IHG Hotels & Resorts, announced the opening of EVEN Hotel Austin Uptown Near The Domain and will soon welcome EVEN...
Extended Stay America Premier Suites Duncan Opens
CHARLOTTE, North Carolina—Extended Stay America announced the opening of the Extended Stay America Premier Suites in Duncan, South Carolina. VMV Capital developed and will...
Hyatt Reports Fourth Quarter and Full-Year 2023 Financial Results
CHICAGO—Hyatt Hotels Corporation reported fourth quarter and full year 2023 financial results. Highlights include:
Net income was $26 million in the fourth quarter and $220...
MCR Agrees to Purchase BT Tower to Transform Into Hotel
NEW YORK—MCR agreed to purchase the BT Tower—one of London’s tallest buildings—from BT Group. MCR will own the 620-foot Tower and podium. MCR intends...
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Controlling Utility Costs: Volatile Market Conditions Call for a Focus on Contracts and Energy...
Over the past four years, utility costs at U.S. hotels have increased at a pace greater than total operating revenue. As a result, utility...
The Bentley Hotel Southampton to Join JdV by Hyatt Brand
CHICAGO, Illinois—Hyatt Hotels Corporation announced The Bentley Hotel Southampton has officially joined the Hyatt portfolio as an affiliated hotel, in collaboration with Bijal Hospitality,...
Gale Miami Hotel and Residences Partners With Stayntouch
BETHESDA, Maryland—Stayntouch announced a new partnership with Gale Miami Hotel and Residences, a 51-story, 688-room hybrid apartment/hotel in downtown Miami, Florida, set to open...
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