A Trusted Advisor: The Evolved Role of the Broker Brings More Value to Owners
When I first started out in hotel brokerage back in the late 1980s, the market was unsophisticated and had not adopted the fiduciary focus...
Rising Interest Rates, Construction Costs Keep Hotel Supply Growth Muted
As a result of a significant spike in the cost of raw materials following the pandemic, as well as a steady increase in interest...
Red Roof to Open 50 Properties in 2023
COLUMBUS, Ohio—Red Roof will open 50 properties—new builds and conversions—in 2023, representing 60 percent year-on-year growth. The company attributes this growth to continued demand...
STR: Weekly U.S. Hotel Performance Increases With Onset of Spring Break Travel
HENDERSONVILLE, Tennessee—Helped by the onset of spring break travel, U.S. hotel performance increased from the previous week, according to STR's latest data through March...
Moxy Williamsburg Opens, Becomes the Brand’s First Hotel in Brooklyn
Moxy Williamsburg debuts as the brand’s first hotel in Brooklyn with interiors by BASILE Studio in collaboration with Lightstone Design Studio and four new...
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An Inside Look at Mattresses: Delving Into the Technology Prior to Procurement
A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need...
Accor Releases Q1 2024 Results
The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are...
Hilton Garden Inn Atlanta East/Stonecrest Completes Renovation
STONECREST, Georgia—Artemis Hotel Group announced the completion of a full-scale renovation for the Hilton Garden Inn Atlanta East/Stonecrest, located in Lithonia, Georgia.
The 110-room property...
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