CBRE Raises Hotel Performance Forecast Aligning With Q4 2022 Industry Gains
DALLAS—CBRE is raising its forecast for hotel performance on the heels of industry gains in Q4 2022 and the expectation of slightly positive GDP...
AHLA Announces Two Executive-Level Promotions
WASHINGTON—The American Hotel & Lodging Association announced the promotions of two longtime hotel industry leaders.
Troy Flanagan was promoted to executive vice president of external...
STR: Labor-Related Issues and Energy Costs Are Top Hotel Industry Challenges
HENDERSONVILLE, Tennessee—Labor-related issues and energy/utility costs are among the top challenges on the mind of global hotel and travel industry professionals, while leisure demand...
JLL: Hotel Investors Start 2023 With Record Sales
CHICAGO—Despite a slowdown in sales in the second half of 2022 due to dislocation in the debt markets, hotel investors have kicked off 2023...
HEI Hotels & Resorts Assumes Management of Hyatt Regency Boston Harbor
HEI Hotels & Resorts announced it has assumed management of the 270-room Hyatt Regency Boston Harbor Hotel in Boston, Massachusetts. The Hyatt Regency, owned...
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Driftwood Capital Secures Refinancing for Sheraton Park City Hotel
PARK CITY, Utah—Driftwood Capital announced it secured $33 million in refinancing for the Sheraton Park City hotel in Park City, Utah, a 200-key hotel...
Hilton Reports Q1 2024 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its first quarter 2024 results. Highlights from the first quarter include:
Diluted EPS was $1.04 for the first quarter,...
stayAPT Suites Partners With Powerhouse Hotels for Brand Expansion
MATTHEWS, North Carolina—stayAPT Suites announced a significant expansion initiative in partnership with Powerhouse Hotels, a joint venture between JCap Realty Group and Cullinan Holdings....
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