June 2024

BOSTON—JLL Capital Markets announced that it arranged a $6 million refinancing for The Marketplace, a 55,100-square-foot mixed-use property offering essential retail, office, s

WASHINGTON—More than three-quarters of surveyed hotels are experiencing a staffing shortage, and hotels are increasing pay, benefits, and perks to recruit and retain employees, a

ATLANTA, Georgia—Hotel Equities (HE) announced Aik Hong Tan as chief investment officer. Tan serves as a principal for Greenwood Hospitality, which joined HE through a strategic

For the second year in a row, sustainability will be a defining factor in hospitality in 2024. Venues that prioritize sustainable initiatives will bring in more business, both from

The rising number of electric vehicles on the road is welcome news from an environmental perspective and increases the business opportunity for hoteliers willing to invest in EV ch

DALLAS, Texas—Coury Hospitality continues to grow its portfolio of boutique hotels with a pipeline of new openings and developments across the United States. “We are honored th

SAN DIEGO, California—Fairmont Grand Del Mar unveiled its newly reimagined lobby lounge, library, and bar in partnership with Los Angeles-based design firm Bishop Pass. “The Fa

ATLANTA—Officials of Whitestone Companies announced the acquisition of the 275-room Le Méridien Atlanta Perimeter in partnership with Shaner Hotels. “With the addition of Le M

WASHINGTON—The American Hotel & Lodging Association (AHLA) reported U.S. hotels added 700 jobs to their payrolls in May, according to the latest government data that shows th

Although we are well into the new year, the global hotel industry is still facing many of the same struggles from years past, including staffing shortages. Those shortages are push