Queensgate Phases Out Generator Brand in U.S.
Photo Credit: A guest room at the Hotel Rendale in Washington, D.C. Hotel Rendale
Skift Take
Queensgate, which ran Generator hotels in the U.S., is changing the branding. The Sheraton Atlantic City hotel will halve its 500 rooms for apartments despite casino industry objections to the conversion. Plus, more hotel deal and development news.
The DJIA fell 768 points, while the Nasdaq was down 327, the S&P 500 was down 91 points, and the 10-year treasury yield jumped .06 to 4.26%. It is not uncommon for bond yields to rise and stock prices to fall when the current lame-duck Fed Chief speaks, so today was no different. Lodging stocks were lower. BHR led the declines with a 5% drop.STR reported U.S. hotel data for the week ended 3/14. U.S. hotel RevPAR was up 5.6% year-over-year with rates up 3.2% and occupancy up 2.3%. Group RevPAR was up 10.8%, with occupancy up 6.2%.
Hospitality Asset Management opened a Tru by Hilton at 143 Leahey Drive in Benner Township, Pennsylvania. The four-story property features 98 guestrooms, a fitness center, a lobby with a pool table, a retail store, electric vehicle charging stations, and more.
Colwen Hotels and XSS Hotels launched The Framingham Hotel Collection, signifying the culmination of a multi-year restorat
