Industry News

DALLAS—The commercial real estate lending market is beginning to stabilize, with borrowing costs appearing to have peaked, even as transaction activity remains subdued, according

AUSTIN, Texas—EOS Hospitality standardized its hotels and resorts on Oracle Hospitality OPERA Cloud Property Management System (PMS). EOS properties such as the Lake Austin Spa R

CHARLESTON, South Carolina—Charlestowne Hotels announced the opening of the Little Mod Hotel in Charlottesville, Virginia. Adjacent to the University of Virginia (UVA) grounds, a

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index decreased 2.4 percent in October to a level of 5,600. “Hotel stocks fell for the third consecutive mont

CHICAGO—Hyatt Hotels Corporation and Extell Development Company announced the planned expansion of the Grand Hyatt brand in Park City, Utah. Expected to open in late 2024, Grand

SCOTTSDALE, Arizona—The Scottsdale Resort & Spa has reached 50 percent completion on its $40 million property-wide renovation as it shows its new guestrooms and three culinar

ARLINGTON, Virginia—Knowland reported Nashville experienced strong growth for meetings and events since last year at 31.5 percent. Las Vegas came in second with 20.3 percent year

WASHINGTON—The American Hotel & Lodging Association (AHLA), the U.S. Chamber of Commerce, and other plaintiffs filed a lawsuit in the U.S. District Court for the Eastern Dist

WASHINGTON—U.S. hotel performance showed an expected decline from the previous week as well as mixed year-over-year comparisons, according to CoStar’s latest data through Novem

DENVER, Colorado—OTA Insight has rebranded to Lighthouse. The rebrand consolidates multiple products and acquired companies into a single, unified commercial platform. This shift