San Francisco Bay Area Sees Hotel Gains
Accor agreed to sell its stake in Essendi, formerly AccorInvest, to a Blackstone-led consortium for up to 975 million euros. Plus, more hotel deal and development news.
Orlando
Hunter Conference Bullishness on Hotel Transactions
CBRE Hotels' Robert Webster called this the second best buying opportunity of his career, as the Hunter conference buzzed with transaction optimism. Plus, more hotel deal and development news.
Capella Hotels Has a New President
Capella Hotel Group announced the appointment of Roland Fasel as President. Plus, hotel deal and development news.
Pebblebrook and Summit Hotel Report Earnings
Pebblebrook Hotel Trust and Summit Hotel Properties reported solid fourth-quarter earnings. Plus, hotel deal and development news.
U.S. Winter Storms Hurt Hotel Performance
CoStar reported U.S. lodging data for the week ending 1/31, with RevPAR down 4%. Plus, more hotel deal and development news.
Hotels Face Profit Squeeze Despite Revenue Growth
Hotel industry profit per room remains at 90% of 2019 levels despite rising guest spending, due to increased operating costs and wages.
Dallas Leads U.S. Hotel Construction Pipeline
Dallas leads U.S. hotel construction with 193 projects, while Ghoman Hotels plans a $185M JW Marriott conversion in downtown Louisville.
Service Properties Trust Sells 5 Hotels for $75.5 Million
Service Properties Trust sold five hotels for a combined sales price of $75.5 million. New World is selling the Rosewood London. And other hotel deal and development news.
San Francisco Hotels Expect Super Bowl Boost
Peachtree Group announced the grand opening of Home2 Suites by Hilton in Ashburn, Virginia. Plus, more hotel deal and development news.
Sonesta Transitions 45 Hotels to NPA's Franchise Portfolio
Sonesta International said it had opened 45 hotels that expand the portfolio of private equity franchisee NPA. Plus, more hotel deal and development news.