Industry News

NEW YORK—PMZ Realty Capital LLC announced that it arranged financing for three TownePlace Suites by Marriott properties. The $20 million non-recourse loan with a bank allowed the

CHARLESTON, South Carolina—The Indigo Road Hospitality Group (IRHG) has added The George Hotel, which is currently under construction in Georgetown, South Carolina, to its growin

In May, Hard Rock International (HRI) marked a significant milestone for the company: the opening of the brand’s first New York City hotel. The newly built Hard Rock Hotel Ne

PLANO, Texas—Aimbridge Hospitality has welcomed Mark Tamis to the role of President, Global Operations. The addition of Tamis represents Aimbridge’s commitment to and investmen

There has been much talk of capital on the sidelines poised for hotel investment; but what many hoteliers want to know is how they can actually secure the financing they need now,

According to the March 2022 edition of CBRE’s Hotel Horizons national forecast report, the total revenue for a typical U.S. hotel is not expected to return to 2019 nominal dollar

Transforming unsuspecting locations into bold personalities—that’s the goal for Best Western® Hotels & Resorts’ fast-growing boutique brand—Aiden®. With over 38 spec

Marriott International, Inc., announced the launch of the Marriott Media Network, an omnichannel cross-platform advertising solution for brand advertisers, enabling content experie

WEST PALM BEACH, Florida—Chatham Lodging Trust announced the closing of the sales of four hotels comprising 537 rooms for aggregate proceeds of approximately $80 million. Includi

The pandemic has affected all aspects of hotel operations, including cost allocation and staffing practices. With labor remaining a moving target for the industry, STR’s monthly