May 2023

DALLAS—Stress in the banking system and financial market volatility continued to slow commercial real estate lending activity in the first quarter of 2023, according to the lates

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index increased 1.4 percent in April to a level of 5,430. “Hotel stocks increased in April, and the gains wer

ARLINGTON, Virginia—Knowland announced that Remington Hotels selected Knowland to execute its sales strategy and increase profitability. Founded in 1968, Remington Hotels today m

NEW YORK—Ennismore announced a multi-year partnership with soda brand OLIPOP. The partnership kicked off in February at the 2023 Miami Food and Wine Festival. Guests at SLS Brick

ROCKVILLE, Maryland—Choice Hotels International, Inc. continues its expansion of Cambria Hotels in the Pacific Northwest with the start of construction on Cambria Hotel Pearl Dis

CHICAGO—InterContinental Chicago Magnificent Mile announced the renovation launch, providing guests with an experience that matches the hotel’s programming and dining offerings

Seattle’s Rider restaurant has reopened downtown. Rider’s reimagined menu emphasizes locally procured and sustainably sourced seafood and more. Led by Executive Chef Riccardo B

AUSTIN, Texas—Oracle is expanding the global rollout of its Oracle Hospitality OPERA Cloud Property Management System (PMS) by announcing plans to bring the system to 2,000 addit

HENDERSONVILLE, Tennessee—U.S. hotel performance showed mixed results from the previous week but grew year over year, according to STR’s latest data through May 6, 2023. U.S. H

IHG Hotels & Resorts released its Q1 2023 trading update. Highlights from the results include: Keith Barr, CEO, IHG Hotels & Resorts, said, “We’ve seen a good start to