Kimpton Opens New Hotel in Midtown Manhattan
The Kimpton Ashbel New York-Park Avenue is now open at 70 Park Avenue in Midtown Manhattan. Plus, more hotel deal and development news.
Colorado Springs
Grand Metropolitan Hotels Acquires Signature Hotels
Grand Metropolitan Hotels acquired Signature Hotels to strengthen its position in the UK, India, and elsewhere. Plus other hotel deal and development news.
U.S. Hotel Construction Volume Falls to 20-Quarter Low
CoStar said the volume of US hotel rooms under construction decreased year over year for a sixth consecutive month, down by almost 12%.
Hotel Investors Have Reasons for Optimism
Today was good timing for those who released the avalanche of earnings because investors were in a good mood.