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Ritz-Carlton Planning Reserve on Pearl Island

Ritz-Carlton Planning Reserve on Pearl Island

PANAMA CITY—The Ritz-Carlton Hotel Company is expanding its collection of Reserve hotels with plans to open a luxury resort on Pearl Island, a private island situated 45 miles south of Panama City. The resort is the sixth planned Reserve property, ...

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Hotel Equities Adds Boutique Hotel in Punta Gorda, Fla.

Hotel Equities Adds Boutique Hotel in Punta Gorda, Fla.

ATLANTA—Atlanta-based Hotel Equities added the management contract for The Wyvern Hotel, a 4-star boutique hotel in Punta Gorda, Florida, to its portfolio. This 63-room hotel is located on South Florida’s Gulf Coast. The Wyvern Hotel marks the first addition for ...

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Driftwood Acquires Hilton Cocoa Beach Oceanfront Resort

Driftwood Acquires Hilton Cocoa Beach Oceanfront Resort

NORTH PALM BEACH, Fla.—Driftwood Hospitality Management announced its acquisition of the Hilton Cocoa Beach Oceanfront Resort. Perfectly positioned on the white-sand shoreline of Florida’s Cocoa Beach, the 295-room resort will undergo a phased $14M renovation, including upgrades to the guestrooms, ...

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Green Leaders Share Insight at Inaugural Conference

Green Leaders Share Insight at Inaugural Conference

At the first annual Lodging Green and Sustainability Conference, thought leaders, sustainability experts, and hoteliers gathered at the LEED Gold-certified Omni Dallas Hotel in Dallas, Texas, to discuss how the hotel industry can come together to minimize impact on the ...

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Transient Continues to be Key Driver of Hotel Growth

Transient Continues to be Key Driver of Hotel Growth

NEW YORK—As hotels experience growth in both occupancy and average daily rate (ADR), the transient segment —made up of individual business and leisure travelers—continues to drive this growth, according to data from the September 2013 TravelClick North American Hospitality Review ...

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