October 2022

NEW YORK—PMZ Realty Capital LLC announced it closed over $100 million in financing during the third quarter of 2022. Some of the transactions closed include: 78-room Courtyard by

AUSTIN, Texas—Virdee has integrated with FreedomPay, the Next Level Commerce technology platform that is powering security, data, and customer loyalty for global hospitality bran

MELBOURNE, Florida—Driftwood Capital announced it has broken ground on the Element by Westin, a new 130-key extended-stay hotel located on oceanfront property in Melbourne, Flori

NEW ORLEANS—Kimpton Hotel Fontenot, located in New Orleans’ Central Business District, announced the January 2023 completion of a property expansion into the building next door

ATLANTA—Hotel Equities announced the reopening of the Courtyard by Marriott in Mobile, Alabama. The hotel has been closed since it sustained significant damage during Hurricane I

WASHINGTON—U.S. hotel leisure travel revenue is projected to end 2022 14 percent above 2019 levels, while hotel business travel revenue is expected to come within 1 percent of 20

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 9.1 percent in September to a level of 4,564. Year to date through the first nine months of 2022, th

UPLAND, California, and ORLANDO, Florida — BWH Hotel Group recently announced the openings of two SureStay Plus properties: the SureStay Plus Hotel by Best Western Upland in Cali

SAN FRANCISCO—Kimpton Hotels & Restaurants, part of IHG Hotels & Resorts’ Luxury & Lifestyle Collection, introduced its Family Meal campaign timed to the holiday

CHARLOTTE, North Carolina—Canyon Partners Real Estate LLC announced it has provided a $51.5 million senior loan to TMGOC Ventures, a partnership between Opterra Capital and The M