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North American Hotel Rates Rise 3 Percent

North American Hotel Rates Rise 3 Percent

DALLAS—Hotel prices in North America were 3 percent higher on average in the first six months of 2013, than during the same period in 2012, according to the latest data from the biannual Hotels.com Hotel Price Index (HPI). This rise ...

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Starwood Opens First International Element Hotel in Greater Toronto

Starwood Opens First International Element Hotel in Greater Toronto

STAMFORD, Conn.—In an event that culminated in a pedal-powered “spin” on traditional ribbon-cuttings, Starwood Hotels and Resorts Worldwide celebrated the grand opening of the Element Vaughan Southwest. The Toronto-area hotel represents the international debut of Element Hotels, Starwood’s eco-wise, extended-stay ...

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Hilton Files for $1.25 Billion IPO

Hilton Files for $1.25 Billion IPO

Blackstone Group announced that Hilton Worldwide has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The offering is estimated at $1.25 billion, according to Bloomberg. The hotel operator ...

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Wyndham to Reinvigorate Howard Johnson Brand

Wyndham to Reinvigorate Howard Johnson Brand

LAS VEGAS—Wyndham Hotel Group unveiled early details and designs around its reinvigoration project for Howard Johnson, a multi-year undertaking focused on elevating the overall guest experience by revitalizing all aspects of the brand—from property design and case goods to signature ...

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Kimpton Announces Plans for a Hotel Monaco in Pittsburgh

Kimpton Announces Plans for a Hotel Monaco in Pittsburgh

SAN FRANCISCO—Kimpton Hotels and Restaurants announced it will expand into Pittsburgh, Pa., with the conversion of a historic, Beaux Arts-style building into a new Hotel Monaco. An adaptive reuse of the city’s iconic James H. Reed Building, originally built in ...

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