Reining in Utility Expenses: Sustainability Practices Help Hoteliers Protect Their Bottom Line
Ambitious climate and decarbonization efforts have heightened the demand for electrified and energy-efficient buildings. Regulatory frameworks are evolving from simple incentives t
NewcrestImage Converts New Jersey Hotel to Homewood Suites Brand
A 150-unit, five-floor, all-suites property in Parsippany, New Jersey, has been converted by NewcrestImage and is operating under the Homewood Suites by Hilton brand. The company a
CoStar: December U.S. Hotel Industry Reports Positive Year-Over-Year Comparisons
WASHINGTON—The U.S. hotel industry reported positive year-over-year performance comparisons, according to CoStar’s latest data through Dec. 21, 2024. Growth was elevated due to
Driftwood Capital Secures Refinancing for Two Hotels
MIAMI, Florida—Driftwood Capital has secured $62.5 million in total refinancing for the Wylie Hotel Atlanta and Sheraton Pittsburgh Hotel at Station Square, two full-service hosp
Home2 Suites by Hilton Kalispell Celebrates Topping Off Milestone
KALISPELL, Montana—The Hotel Group, an affiliate of Hotel Equities, and TE Miller Development, LLC, announced the topping-off milestone for the Home2 Suites by Hilton Kalispell,
Roxbury Group unveils AC Hotel Detroit at the Bonstelle
Detroit-based Roxbury Group has unveiled the soon-to-open AC Hotel Detroit at the Bonstelle, a 154-room, 10-story hotel in the Brush Park neighborhood. Roxbury is developing the pr
Sonesta Essential hotel opens in Ames, IA
Sonesta International Hotels Corporation has opened the Sonesta Essential Ames, a 75-room, upper-midscale hotel in Ames, IA. The hotel is near US-30 and convenient to Iowa State Un
RIU Hotels & Resorts partners with Upgrade
RIU Hotels & Resorts has partnered with Upgrade to offer Flex Pay, giving travelers the ability to spread the cost of their vacation over time. “We’re excited to offer this
North Carolina Holiday Inn sold for $7.7M
Marcus & Millichap has facilitated the sale of the 107-room Holiday Inn Lumberton North – I-95 in Lumberton, NC, for $7.7 million. “We were able to identify a qualified buy
Atypical Approach: CEO Murray Sets Up Sonesta for Growth With Unique Franchising Formula
For Sonesta International Hotels Corporation, 2024 has been a year of significant progress, ranging from robust distribution growth throughout its multi-brand portfolio to the debu