November 2022

Lodging Econometrics has released construction pipeline updates from regions across the world. Many of the global regions saw increases in their construction development pipelines

TAMPA, Florida—Spirides Hotel Finance Company has provided, and the borrower has closed, $14 million in construction-to-permanent mortgage financing from a Midwest-headquartered

AUSTIN, Texas—Hyatt Centric Congress Avenue Austin announced that the 31-story hotel in downtown Austin is set to open, along with restaurant Luminaire and bar Las Bis, in Februa

SPARTANBURG, SC—Stewart W. Heath IV has been promoted to vp, real estate at OTO Development. In his new role, he is tasked with overseeing the hotelier’s team of real estat

CHICAGO—Maverick Hotels and Restaurants announced that it continues to expand its portfolio with the addition of two hotels in the metropolitan Chicago market. Robert Habeeb, fou

HENDERSONVILLE, Tennessee—U.S. hotel performance came in lower than the previous week and showed improved occupancy and revenue per available room (RevPAR) comparisons to 2019, a

ATLANTA—JLL’s Hotels & Hospitality Group announced that it has closed the $55 million sale of six Hyatt Place branded select-service hotels totaling 754 keys across th

CHICAGO—Adding to its portfolio of independent and full-service properties, First Hospitality assumed management of the Inn on Sheridan, a boutique hotel in Zion, Illinois, on No

NEW YORK CITY—Location data company Arrivalist estimates 51 million U.S. travelers will use an automobile during the Thanksgiving holiday (Wednesday through Sunday). Volume is pr

SEATTLE—Expedia Group unveiled a comprehensive view of trends across the broader travel industry in 2023. Sourced from the company’s first-party data and from custom research