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La Quinta Inn & Suites Hotel Opens in Billings, Mont.

La Quinta Inn & Suites Hotel Opens in Billings, Mont.

BILLINGS, Mont.—A new La Quinta Inn & Suites in Billings, Mont., has opened to serve the growing number of visitors traveling to the area. This newly constructed, four–story hotel offers 85 guestrooms, meeting space, an onsite business and fitness center, ...

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Strong Performance Enables Hoteliers to Reduce Discounting

Strong Performance Enables Hoteliers to Reduce Discounting

NEW YORK—Hotels in major North American markets are continuing to experience solid growth in both rate and occupancy across all travel segments, according to data from the September 2014 TravelClick North American Hospitality Review (NAHR). This sustained growth is enabling ...

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Average Selling Price Per Room on the Rise

Average Selling Price Per Room on the Rise

The competition for properties in certain markets is heating up among buyers, as REITs and private equity groups with similar strategic objectives compete for large, high-end hotels in the central business districts of major cities—key areas that have experienced a ...

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Hyatt Announces Sale of 38 Select-Service Hotels

Hyatt Announces Sale of 38 Select-Service Hotels

CHICAGO—Hyatt Hotels Corporation announced that Hyatt affiliates have agreed to sell 38 hotels to a company organized by Lone Star Funds for approximately $590 million. The portfolio of 38 hotels consists of Hyatt Place and Hyatt House hotels totaling 4,950 ...

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Lowe Acquires Aloft Hotel at EpiCentre/Charlotte

Lowe Acquires Aloft Hotel at EpiCentre/Charlotte

CHARLOTTE, N.C.—Lowe Enterprises Investors has acquired the Aloft Charlotte Uptown @ the EpiCentre on behalf of an investment client. The 175-room hotel is located on East Trade Street in the Uptown District of Charlotte, N.C. LEI affiliate Destination Management has ...

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