JLL Capital Markets Arranges Financing for Dual-Brand Development in Tempe, Arizona
PHOENIX—JLL Capital Markets announced that it has arranged $24.5 million in construction financing for the development of the dual-branded Fairfield Inn and TownePlace Suites, a
Ponte Vedra Inn & Club Completes Guestroom and Suite Renovations
PONTE VEDRA, Florida—Ponte Vedra Inn & Club has unveiled 64 new beachfront guestrooms and suites at Summer House and St. John’s House. The latest renovations, following th
Hilton Updates Environmental, Social, and Governance Commitments
As the world returns to travel, doing so sustainably and responsibly has never been more important. With growing impacts from climate change and rising demand for more sustainable
AHLA to Launch The Hospitality Show in 2023
NEW YORK—The American Hotel & Lodging Association (AHLA) and Questex announced a collaboration to launch “The Hospitality Show” (THE SHOW), a hospitality event to be hel
STR: U.S. Hotel Performance, RevPAR, and Occupancy Improve
HENDERSONVILLE, Tennessee—U.S. hotel performance improved from the previous week, and revenue per available room (RevPAR) reached an all-time high on a nominal basis, according t
Choice Hotels Announces Sale of Cambria Hotel Nashville Downtown
ROCKVILLE, Maryland—Choice Hotels International, Inc. announced the sale of the Cambria Hotel Nashville Downtown for $109.5 million. In addition, the company entered long-term fr
This Week’s Comings & Goings
Aimbridge Hospitality has welcomed Mark Cholupek to the role of chief legal officer. In addition, Aimbridge has also hired Tim Pruiett as senior vice president of acquisitions and
IHG Hotels & Resorts Partners With ECPAT-USA and Polaris
ATLANTA—IHG Hotels & Resorts (IHG) announced partnerships with two anti-human trafficking organizations, ECPAT-USA and Polaris, to strengthen the company’s ongoing efforts
Hilton Reports Q2 2022 Results
MCLEAN, Virginia—Hilton Worldwide Holdings Inc. reported its Q2 2022 results. Highlights include: Diluted EPS was $1.32 for the second quarter, and diluted EPS, adjusted for spec
Lodging Econometrics: U.S. Construction Pipeline Closes Q2 2022 Up by Projects and Rooms
According to the recently released United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,220 projects/62