Chatham Lodging Trust sells two Pennsylvania hotels for $10M

Hotel Management · 21 May

The REIT sold the 105-room Courtyard by Marriott Altoona and the 86-key SpringHill Suites by Marriott Pittsburgh Washington.

Wynn Resorts in talks to sell Encore Boston Harbor to MGM

Hotel Management · 20 May

The two companies are in talks to switch ownership of the $2.6 billion project, which is scheduled to open next month.

PwC: Industry records lowest Q1 RevPAR growth since 2010
PwC: Industry records lowest Q1 RevPAR growth since 2010

Hotel Management · 16 May

Despite Q1 coming in "below expectations," PwC predicts the industry will remain on stable footing through 2020.

Mid America Lodging Group updates locks at 21 properties

Hotel Management · 15 May

The group will rely on dormakaba's Saflok Quantum radio-frequency ID mobile-ready electronic door locks.

New York City hotel updates operations platform

Hotel Management · 15 May

Walker Hotel is expanding its use of the Alice multiproperty platform to its soon-to-open property in the city's Tribeca neighborhood.

Daly Seven acquires Virginia Hilton Garden Inn for $13.9M

Hotel Management · 14 May

Daly Seven has acquired the Hilton Garden Inn Roanoke, its 40th hotel, from South Peak Hotel for $13,925,000.

Report: Accor may invest in India's Treebo Hotels
Report: Accor may invest in India's Treebo Hotels

Hotel Management · 13 May

The Paris-based company is looking to pick up a minority stake in the Indian budget brand, with the right to acquire a majority stake later.

CapitaLand seeks buyer for London's Cavendish hotel

Hotel Management · 10 May

Singapore-based CapitaLand Ltd. has reportedly hired Jones Lang LaSalle to sell London's historic Cavendish hotel for about £250 million ($325 millio

Report spotlights U.S. human trafficking laws

Hotel Management · 7 May

Right now, 13 states require human trafficking signage, four require signage and 14 have penalties for not complying.

Interest-only CMBS loans on the rise, causing concerns

Hotel Management · 7 May

More commercial mortgage-backed securities loans now are issued with interest-only structures than in the past, and researchers at Trepp, a data, ana

Tropical resort installs new accounting system

Hotel Management · 1 May

St. Kitts Marriott Resort & The Royal Beach Casino installed Aptech Computer Systems’ PVNG enterprise financial accounting system to simplify back-of

Defying Brexit fears, deals continue for London

Hotel Management · 25 Apr

In January, hospitality consulting firm HVS predicted that supply in London would grow 4 percent this year, defying the uncertainties of Brexit.

NKB Investments sells Texas Comfort Suites to Avalon Sai Hotels
NKB Investments sells Texas Comfort Suites to Avalon Sai Hotels

Hotel Management · 25 Apr

Avalon Sai Hotels acquired the Comfort Suites near Texas Medical Center – NRG Stadium in Houston from NKB Investments. Details of the transaction, br

With influx of cash, Selina plans next growth phase

Hotel Management · 24 Apr

Selina, the Panama-based hotel-hostel hybrid, has raised $100 million in a Series C financing round, bringing the company’s total funding to $225 mil

European hotel companies oppose Cuba restrictions
European hotel companies oppose Cuba restrictions

Hotel Management · 23 Apr

Last week, the Trump administration stepped up its crackdowns on trade with Cuba, Nicaragua and Venezuela, rolling back Obama-administration policies

Rising costs hurt Europe hotel profits in Februrary
Rising costs hurt Europe hotel profits in Februrary

Hotel Management · 16 Apr

Despite slight upticks in revenue per available room (RevPAR) and total RevPAR, profit per room at hotels in mainland Europe fell in February, unmask

TPI Hospitality leverages ProfitSword integration

Hotel Management · 16 Apr

TPI Hospitality, a developer and operator of hotels, restaurants and conference centers in Minnesota and Florida, has implemented ProfitSword’s Profi

PMZ Realty Capital arranges $11M loan for CMC Hotels
PMZ Realty Capital arranges $11M loan for CMC Hotels

Hotel Management · 15 Apr

Real estate investment banking firm PMZ Realty Capital arranged an $11 million loan for CMC Hotels’ Fairfield Inn & Suites by Marriott Raleigh Cary i

Take great care in hotel entrance area--or you'll pay

Hotel Management · 9 Apr

Cars whiz, people don’t. Upshot—the hotel entrance area, which is populated with cars and people coming and going, is a location that is ripe for acc

Motel 6 to pay additional $12M for providing info to ICE

Hotel Management · 8 Apr

A year and a half after Motel 6 employees were accused of giving guest lists to agents of U.S. Immigration and Customs Enforcement, the issue is clos

Corinthia Hotels invests in Global Hotel Alliance

Hotel Management · 3 Apr

Following Minor Hotel Group and Pan Pacific Hotels Group's investment last year, Malta-based Corinthia Hotels is acquiring a share in Global Hotel Al

February delivered falling profits for UK hotels

Hotel Management · 2 Apr

The U.K. hotel industry is off to a rough 2019, according to the latest data from HotStats tracking full-service hotels. A slight increase in RevPAR

Park Hotels & Resorts divests Hilton Nuremberg for $17.5M
Park Hotels & Resorts divests Hilton Nuremberg for $17.5M

Hotel Management · 29 Mar

Lodging REIT Park Hotels & Resorts has closed on the sale of the 152-room Hilton Nuremberg in Germany for $17.5 million ($115,000 per key). The buyer

Awaiting Brexit, PwC predicts flat transactions for UK hotels

Hotel Management · 26 Mar

According to PwC’s latest UK Hotels Forecast Update, the outlook for hotel deals in the UK this year remains flat as a surge in room supply, slowing

New Castle Hotels & Resorts installs new accounting system

Hotel Management · 26 Mar

New Castle Hotels & Resorts upgraded its back-office system to Aptech Computer Systems’ PVNG enterprise financial accounting to centralize processes

Singapore's Oxley Holdings taps JLL, CBRE to sell 2 assets

Hotel Management · 26 Mar

Singapore-based property developer Oxley Holdings has appointed brokerage JLL and its JLL Hotels and Hospitality Group, along with CBRE, to find a bu