CBRE Forecasts RevPAR to Recover by Mid-2023
DALLAS—According to CBRE, average daily rate (ADR) gained and a 35.1 percent year-over-year increase in hotel occupancy in Q3 2021, which showed demand for U.S. hotel stays endur
Hôtel Barrière Forquet’s to Debut in the United States
NEW YORK—The luxury Hôtel Barrière Fouquet’s will mark a new era for New York’s Tribeca district. Owned by Caspi Development and operated by the French Group, the hotel
Incorporating Fresh Design Inspirations for the Hospitality Industry
In the early stages of developing a new resort, hotel, or restaurant, it is easy to compile photos of existing spaces and design components and want something similar. The idea of
AHLA and HAMA Form a New Strategic Partnership
WASHINGTON—The American Hotel & Lodging Association (AHLA) and the Hospitality Asset Managers Association (HAMA) announced a new strategic relationship, effective January 1,
Trilogy Spa Holding Adds BABOR Signature Spa at The Dominick to Portfolio
PHOENIX—Trilogy Spa Holdings, a boutique spa management firm, has expanded its leased hotel spa portfolio with the opening of the BABOR Signature Spa at The Dominick in New York
Dunes Manor Hotel, Court & Suites Acquired by OTO Development
SPARTANBURG, South Carolina—OTO Development has acquired Dunes Manor Hotel, Court & Suites in Ocean City, Maryland. The deal adds a popular resort complex to the hotelier’
Hard Rock International to Acquire Operations of The Mirage Hotel and Casino
Hard Rock International, a hospitality and entertainment company, announced its agreement to acquire the operations of The Mirage Hotel and Casino in Las Vegas from MGM Resorts Int
Aimbridge Hospitality Acquires Prism Hotels & Resorts
DALLAS—Dallas-based Prism Hotels & Resorts, a full-service hotel management, investment, and advisory services company representing more than 48 properties across the United
Duetto Pulse Report: Cancelations High But Desire Remains
The latest edition of the Pulse Report, which compares data from November 2021 with October 2021, shows that cancelation activity has increased over the last few weeks as concerns
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