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HHM Takes Unique Approach to Hotel Management

HHM Takes Unique Approach to Hotel Management

Naveen Kakarla’s intention was to come work for Hersha Hospitality Management (HHM) for maybe a year or so, as an educational stopover between his previous career practicing law for a large Washington, D.C., firm and his planned future as a ...

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Residence Inn by Marriott to Open in Downtown Omaha

Residence Inn by Marriott to Open in Downtown Omaha

ROSEMONT, Ill.—Rosemont, Ill.-based First Hospitality Group, Inc. announced that its latest adaptive reuse project, the conversion of the former Federal Building in Omaha, Neb., into a Residence Inn by Marriott is complete. The hotel will open to the public September ...

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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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