Industry News

NEW YORK— PMZ Realty Capital LLC announced they closed over $80 million in financing to end Q1 2022. “A large amount of capital has been sitting on the sidelines looking for de

HENDERSONVILLE, Tennessee—Reflecting continued seasonal slowing in spring break travel, U.S. hotel performance fell slightly from the previous week, according to STR’s late

ARLINGTON, Virginia—Knowland released its monthly meetings and events data for March 2022. Meetings volume from February to March increased 55.5 percent. Even more significant is

FARGO, North Dakota—Legendary Capital has sponsored the acquisition of the 142-room Fairfield Inn & Suites Denver Southwest Lakewood in a $19.4 million transaction. The deal

The pandemic was a catalyst for the disruption of many markets, the hotel industry included. U.S. travelers are not only eager to travel, but they’re actively seeking it out, fro

Enseo announced that Brian Gurley has been named chief financial officer. In this position, Gurley will lead Enseo’s financial operations worldwide. Gurley comes to Enseo with ov

NEW YORK—Preferred Hotels & Resorts announced that 11 new member properties have joined its global portfolio between January 1 and March 31, 2022. Ranging from a waterfront

WASHINGTON—Findings from a new survey revealed that 84 percent of business travelers expect to take at least one trip to attend conferences, conventions, or trade shows in the ne

As hoteliers evaluate their group business opportunities for 2022, a new report from Amadeus combines hotelier insights with Amadeus business intelligence data to reveal the key tr

RICHMOND, Virginia—Retro Hospitality has announced that it has been selected as the management company for Quirk Hotel Richmond and Quirk Hotel Charlottesville, starting April 1,