Industry News

HENDERSONVILLE, Tennessee—As expected ahead of Memorial Day, U.S. hotel performance decreased from the previous week, according to STR’s latest data through May 27, 2023. Year-

PROVIDENCE, Rhode Island—Procaccianti Companies announced the acquisition of the Presidents’ Quarters and the development of the Sabal House Savannah. The project is a joint ve

ABERDEEN, South Dakota—My Place Hotels of America entered into a two-phase franchise and development agreement with Rimrock Companies for 10 extended-stay hotels throughout the U

DALLAS—NewcrestImage has entered into a strategic partnership with Coury Hospitality, based in Dallas, with a 50 percent ownership stake. This alliance marks a venture between th

According to CBRE’s February 2023 Investment Performance forecast, total revenues for the average U.S. hotel returned to 2019 levels in 2022, but the recovery of hotel profits wi

Highgate announced the appointment of Mike Uwe Dickersbach to chief digital officer. In this newly created role, he will be responsible for leading Highgate in identifying and impl

Along with bath facilities, the bed is one of the basic reasons for renting a hotel room, and superior bedding that supports a quality night’s sleep is increasingly what guests e

SAN FRANCISCO, California—The Barnes joined the Tapestry Collection by Hilton hotel portfolio. The 189-room hotel is near the San Francisco cable cars and the city’s shopping a

DENVER—CoralTree Hospitality is growing its collection of hotels and resorts in Texas with the addition of The Peninsula Beach Resort, a resort community along the Gulf Coast. Th

ATLANTA—IHG Hotels & Resorts announced a renewable energy offering for IHG hotels in select markets across the United States in collaboration with Ampion, a provider of commu