Rapid Declines: Hotel Profitability During COVID-19

Lodging Magazine · 10 Jun

STR's newly launched monthly profit and loss program examines COVID-19's effect on March 2020 U.S. hotel profitability (or lack thereof). This pandem

Financing Experts on Preparing for a New Normal

Lodging Magazine · 8 Jun

There is nearly universal agreement that these are indeed the darkest of days for the hospitality industry, as the entire world struggles with the ca

Three Ways Independent Hoteliers Can Survive the Downturn

Lodging Magazine · 26 May

The following article is from the viewpoint of Pritesh Patel, GM of the Hotel Pommier in Indianola, Iowa. Hoteliers are accustomed to managing the up

CBRE Forecasts Demand Comeback in 2022, RevPAR Recovery in 2023

Lodging Magazine · 22 May

After suffering the greatest performance declines in the history of the U.S. lodging industry during 2020, the nation’s hotels will benefit from what

Hospitality Vendors and Service Providers Launch COVID-19 Tools and Resources for Hotels

Lodging Magazine · 13 May

In response to the COVID-19 pandemic, scores of hospitality vendors and service providers have rolled out tools and resources--many of which they are

STR: Florida, Texas Lead Weekend Hotel Occupancy Gains

Lodging Magazine · 6 May

Led by Florida and Texas, 13 STR-defined submarkets showed greater than 10-point weekend vs. weekday occupancy gains for the week ending May 2, accor

STR: U.S. Hotel Occupancy Rises Slightly at the End of April
STR: U.S. Hotel Occupancy Rises Slightly at the End of April

Lodging Magazine · 6 May

HSTR data for April 26 through May 2, 2020, showed slightly higher U.S. hotel occupancy compared with previous weeks, but the same significant level

Preparing Hotels for Closure

Lodging Magazine · 28 Apr

Hotel buildings are rarely--if ever--unoccupied, and closure is unfamiliar territory for many hotel owners. Yet, more hotels are closing their doors

Hotel Industry Calls on Congress to Increase PPP Loan Limits

Lodging Magazine · 28 Apr

The American Hotel & Lodging Association (AHLA) released a new report showing the average small business hotel will require additional funding from S

Congress Passes Bill to Add $324 Billion to Paycheck Protection Program

Lodging Magazine · 24 Apr

On Thursday, the U.S. House of Representatives passed the Paycheck Protection Program and Health Care Enhancement Act—a $484 billion coronavirus reli

Travel Industry Calls for Increased PPP Funding

Lodging Magazine · 17 Apr

On Thursday, the U.S. Small Business Administration (SBA) reported that the Paycheck Protection Program’s (PPP) loan volume reached the maximum limit

Residence Inn Durango Sold to Regional Owner/Operator

Lodging Magazine · 15 Apr

Lodging Partners, LLC, a member of Hotel Brokers International, announced the 66-guestroom Residence Inn Durango in Colorado has sold to a regional o

Travel Industry Calls for Additional $600 Billion for Paycheck Protection Program

Lodging Magazine · 13 Apr

The U.S. travel industry, including the American Hotel & Lodging Association (AHLA), the Asian American Hotel Owners Association (AAHOA), and the U.S

Five Ways Brokers Work With Hoteliers to Close a Deal

Lodging Magazine · 2 Apr

The process of selling or purchasing a hotel can be daunting. Ed James, managing principal at Mumford Company, a full-service hospitality brokerage a

STR: RevPAR Fell 80.3 Percent in Week Four of March

Lodging Magazine · 1 Apr

Reflecting the continued impact of the COVID-19 pandemic, the U.S. hotel industry reported significant year-over-year declines across three key perfo

Standard Upgrade: Smart Advice for Tackling Your Next PIP

Lodging Magazine · 1 Apr

There's no shortage of scenarios in which hoteliers need to secure financing for property enhancements. Whether transforming a hotel from economy to

The Plasencia Group Shares Checklist for Scaling Down or Closing Hotels

Lodging Magazine · 1 Apr

The Plasencia Group recently released a checklist prepared by its asset management and operations team to assist hoteliers who are scaling back or co

Access Point Financial Offers Strategies for Hoteliers to Mitigate Risks and Weather the Market Downturn
Access Point Financial Offers Strategies for Hoteliers to Mitigate Risks and Weather the Market Downturn

Lodging Magazine · 29 Mar

It is certainly not news to anyone that we have been delivered a massive blow to the global hotel industry due to the rapid progression of the corona

Mumford Company Completes Sale of Holiday Inn Mobile Airport

Lodging Magazine · 25 Mar

Mumford Company, a full-service hotel advisory firm since 1978, announced it has completed the sale of the Holiday Inn Mobile--Airport in Mobile, Ala

Tina Huisman on Coping with Financial Uncertainty Caused by COVID-19

Lodging Magazine · 24 Mar

As a partner with Baker Tilly, Tina Huisman specializes in evaluating financial controls, construction contract auditing, and financial statement aud

AHLA: 44 Percent of Hotel Employees in Every State Projected to Lose Jobs in Coming Weeks

Lodging Magazine · 23 Mar

According to an Oxford Economics study for the American Hotel and Lodging Association (AHLA), 44 percent of hotel employees in every state have lost

Hotel Leaders Seek Urgent Industry Assistance from White House
Hotel Leaders Seek Urgent Industry Assistance from White House

Lodging Magazine · 18 Mar

Yesterday afternoon, hospitality leaders, including Chip Rogers, president and CEO of the American Hotel & Lodging Association (AHLA), Jon Bortz, AHL

Chesapeake Hospitality to Manage DoubleTree by Hilton Hotel & Suites Pittsburgh

Lodging Magazine · 18 Mar

Chesapeake Hospitality, a third-party hotel management company with properties across the country, announced its new role as property manager for the

Indigo Road Adds The Savvy in Savannah, Georgia to Portfolio

Lodging Magazine · 17 Mar

The Indigo Road Hospitality Group has added The Savvy in Savannah, Ga. to its growing portfolio of lifestyle hotels. The hotel is slated to open in 2

HREC Arranges Sale of Home2 Suites by Hilton Baltimore-White Marsh

Lodging Magazine · 11 Mar

HREC Investment Advisors has arranged the sale of the 108-guestroom Home2 Suites by Hilton Baltimore-White Marsh in White Marsh, Maryland. HREC Inves

Propel Management Takes Over Holiday Inn Express & Suites in Round Rock, Texas

Lodging Magazine · 11 Mar

Propel Management, a division of the Propel Companies, has taken over management of a 91-room hotel in Round Rock, Texas, that will reopen this sprin