Hotel Clark, a 1914 landmark in Downtown LA, returns this summer as a 348-room full-service lifestyle property. Plus, more hotel deal and development news.
Invel Real Estate secured a EUR 65 million UniCredit facility to expand its Yellow Square hybrid-hotel brand across Italian cities. Plus, more hotel deal and development news.
A new report indicates that U.S. hotel debt maturities, exacerbated by lagging profitability, high interest rates, and rising insurance costs, will drive increased transactions in 2024, especially in top gateway markets.
Hilton Grand Vacations Inc. completed the previously disclosed acquisition of Bluegreen Vacations. The transaction broadens HGV’s offerings, customer reach, and sales locations, creating a premier vacation ownership, and experiences company.
Pebblebrook Hotel Trust warns of 3Q impact from Tropical Storm Hillary. CoStar's July 2023 report shows mixed U.S. hotel performance. Global travel deal activity down -35.7%.
Travel & Tourism investment grows 11.1% in 2022, below 2019 levels. WTTC forecasts 11.5% growth in 2023, warns of challenges from interest rate hikes.
Ashford converts hotel, St. Joe builds new property. Personnel changes across industry, Alberto Pirozzini joins Pellicano Hotels as COO.
DJIA down 37 points, Nasdaq up 207, S&P 500 up 30; 10-year treasury yield rises to 4.34%. Lodging stocks mixed, SLNA up 9%, BHR down -6%, VAC trades lower.
Florida reports strong international visitor numbers, overseas travel up 21.8%, Canadian visitation up 81.1% in H1 2023. Florida sees 70.8 million annual visitors, leading post-pandemic recovery in overseas travelers.
Grand Galvez hotel joins Marriott's Autograph Collection with elegant renovations. Aloft Chicago Schaumburg transforms former Holiday Inn into 119-room boutique hotel. IHG's Kimpton to open two boutique hotels in Mexico City. Hartsfield-Jackson Airport plans new administration building and mid-tier hotel. New hotel in Milwaukee's Deer District and upgraded Enclave at The Vendue opening in Charleston. US Real Estate Credit Holdings to purchase bankrupt Banyan Cay Resort.