Industry News

The franchise business model is the greatest path for successful entrepreneurship in American history and has paved the way for tens of thousands of hoteliers to own their own busi

DALLAS, Texas—Ashford Hospitality Trust, Inc. announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 million ($95,300 per key). Th

The recent U.S. Construction Pipeline Trend Report from Lodging Econometrics (LE) reported that, at the close of the first quarter, the top five markets with the largest hotel cons

ATLANTA—Valor Hospitality Partners expanded its North American portfolio through a recent management acquisition with DoubleTree Suites by Hilton Hotel Huntsville South in Huntsv

NEWTON, Massachusetts—Sonesta International Hotels Corporation announced the opening of Red Lion Inn & Suites Elk Grove, a 47-room, midscale property in Elk Grove, California

A high-quality mattress promotes the restful sleep that is one of the fundamental offerings of the hotel industry. But even top-tier mattresses eventually need replacing, and at th

The first quarter of 2024 demonstrated the hotel demand in all Accor Group regions and segments. Operating performance indicators (RevPAR and portfolio growth) are trending positiv

STONECREST, Georgia—Artemis Hotel Group announced the completion of a full-scale renovation for the Hilton Garden Inn Atlanta East/Stonecrest, located in Lithonia, Georgia. The 1

WASHINGTON—U.S. hotel performance showed mixed results from the previous week, according to CoStar’s latest data through April 20, 2024. U.S. Hotel Performance April 14-20, 202

LOS ANGELES, California—Sonnenblick-Eichner Company has arranged a strategic joint venture equity investment into the ownership entity of the Pacific City Lodging portfolio, loca