Navigating a New Investment Landscape: Market Conditions Include Rising Interest Rates, Lagging Returns, and Fewer Transactions
With U.S. interest rates continuing to make headlines, hoteliers are contemplating the best way to pivot their investment and acquisition strategies. For those hoteliers who entere
STR: U.S. Hotel Performance Falls Slightly With Labor Day Calendar Shift
HENDERSONVILLE, Tennessee—As expected with the Labor Day calendar shift, U.S. hotel performance fell slightly from the previous week and showed weakened comparisons with 2019, ac
Choice Hotels International Launches New Owner Resource
ROCKVILLE, Maryland—Choice Hotels International, Inc. released a free resource for its hotel owners: Your Key to Profit. Launching in Q4 2022, the new platform will centralize Ch
Wyndham Hotels & Resorts Releases U.S. and Canadian Mobile Tipping Solution
PARSIPPANY, New Jersey—Wyndham Hotels & Resorts released a portfolio-wide mobile tipping solution for its U.S. and Canadian franchisees. Developed and managed by Béné, a c
Hugh Hotel Group Forms to Focus on Profitability and Value
PALM HARBOR, FLORIDA—Phil Hugh announced the launch of Hugh Hotel Group, an organization focused on profitability and value for hoteliers through partnerships and relationships.
This Week’s Comings & Goings
CBRE announced that Bill Grice has been appointed to the position of president of CBRE Hotels in the United States. Grice will lead CBRE’s hotel business that combines sales, fin
Staying On Top: Operations Leaders Weigh in on Best Practices to Help Avert Equipment Failure
While it is important for hoteliers to remain competitive by promptly attending to guest-facing repairs and maintenance, it would be a mistake to leave the maintenance of essential
Tempo by Hilton Announces First Hotel in New York’s Times Square
NEW YORK and MCLEAN, Virginia—Hilton announced the signing of Tempo by Hilton Times Square, expected to open in 2023 as the premiere of Hilton’s newest brand. Owned by L&L
Baird/STR Hotel Stock Index Dips 2.7 Percent in August 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index dipped 2.7 percent in August to a level of 5,021. Year to date through the first eight months of 2022, th
Five Mistakes to Avoid When Embarking on an Adaptive Reuse Project
Converting existing buildings to hospitality assets has become quite popular in the last decade. Real estate with unique architectural features and a layout conducive to a hotel ma