Mesa West Capital Provides Loan to Refinance Thompson Savannah
NEW YORK—Mesa West Capital has provided a joint venture led by Regent Partners (Regent) and Mariner Group (Mariner) with $50 million in short-term first mortgage debt to refinanc
Courtyard by Marriott Reno Sparks Opens
RENO-SPARKS, Nevada, and FRISCO, Texas—Galaxy Hotels Group announced the opening of the company’s newly built Courtyard by Marriott Reno Sparks in northern Nevada. Offering 127
CBRE: Commercial Real Estate Lending Improved in Q3 2024
DALLAS, Texas—The commercial real estate lending market experienced continued improvement in the third quarter of 2024, marked by an increase in acquisition financing and issuanc
5 Products to Enhance Operations and Guest Offerings
Housekeeping Management Platform In September, Actabl launched Alice Housekeeping Refresh, which empowers teams to automate routine processes and manage assignments, providing clea
Profitability Pressures: Lower F&B Margins Emphasize the Need for Creativity
Year to date, U.S. hotel performance has come in a bit weaker than projected with demand almost flat (+.1 percent) and RevPAR growth at +1.1 percent. With modest supply growth push
Westin Riverfront Resort & Spa Avon, Vail Valley Completes Room Refresh
AVON, Colorado—The Westin Riverfront Resort & Spa Avon, Vail Valley is excited to share that it has completed a room refresh. The hotel has revamped each guestroom with moder
Cendyn: Phoenix Ranks as Top Market Selected by Meeting Planners
AUSTIN, Texas—Cendyn’s Sales Intelligence platform, previously known as Knowland, announced that Phoenix, Arizona, ranked first in the top 25 markets with year-over-year (YOY)
CoStar: U.S. Hotel Industry Shows Positive Comparisons for Third Consecutive Week
WASHINGTON—The U.S. hotel industry reported positive year-over-year comparisons, according to CoStar’s latest data through Nov. 2, 2024. U.S. Hotel PerformanceOctober 27-Novemb
Soft Brand Conversions: Using PIPs to reposition traditionally branded hotels
One of the more prominent trends driving PIP and renovation activity is the increased popularity of soft brands as many owners make the decision to convert their properties from so
Renovating Behind the Scenes: Back of House should be a major focus for owners conducting PIPs
When it comes to property improvement plans (PIPs), much of the focus of both brands and owners is on guest-facing areas, but investments in back-of-house areas can be just as cost