Industry News

CHARLOTTE, North Carolina—Extended Stay America announced that it entered into an agreement with BASK Development for eight new Extended Stay America Premier Suites located throu

PARSIPPANY, New Jersey—Wyndham Hotels & Resorts announced the continued expansion of its ECHO Suites Extended Stay by Wyndham brand, which in just one year, now has more than

The extended stay segment has shown great resiliency through the pandemic and in challenging economic times as a strong performer, outpacing many transient hotels and garnering gre

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index fell 2.5 percent in February to a level of 5,541. “Hotel stocks—just like the broader market—pulled

NEWPORT NEWS, Virginia—Mumford Company is celebrating its 45th anniversary this year, and Senior Principal David Mumford, along with Managing Principals Ed James and Steve Kirby,

What initially inspired you to get into the hospitality business? This is such a great question for hospitality leaders because so many of us didn’t know we were destined for a

When I first started out in hotel brokerage back in the late 1980s, the market was unsophisticated and had not adopted the fiduciary focus that was required to establish trust. Con

As a result of a significant spike in the cost of raw materials following the pandemic, as well as a steady increase in interest rates making it more difficult to finance projects,

PLANO, Texas— Aimbridge Hospitality, a leading global hospitality company, has assumed management of 71 hotels previously operated by Houston-based Terrapin Hospitality. With ove

ATLANTA, Georgia, and FARGO, North Dakota—Hotel Equities (HE) and National Hospitality Services (NHS) announced they have formed a strategic alliance. The NHS portfolio of 38 hot