Industry News

THE LATEST HOSPITALITY NEWS

Baird/STR Hotel Stock Index Increased 14.3 Percent in July 2022

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 14.3 percent in July to a level of 5,158. Year to date through the first seven months of 2022, the stock index decreased 10.4 percent. “Hotel stocks rebounded sharply and outperformed their respective benchmarks in July; relative outperformance has continued in

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AC Hotel Bethesda Downtown Opens

AC Hotels by Marriott has opened the doors to its newest hotel in downtown Bethesda, Maryland, bringing the brand’s experience to an urban center near the nation’s capital. AC Hotel Bethesda Downtown has a design that strikes a balance of form and function. OTO Development, part of The Johnson Group,

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Noble Investment Group Acquires a 14-Hotel Portfolio

ATLANTA—Noble Investment Group (Noble) announced the acquisition of a 14-hotel portfolio including Marriott, Hilton, and Hyatt-branded properties. Noble will invest in physical enhancements across the portfolio while optimizing operations to drive market share and increase profitability. “Since the second quarter of last year, Noble has invested more than $1.5 billion

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NYU Tisch Center of Hospitality’s HI Hub Incubator Collaborates With Phocuswright

NEW YORK—The NYU School of Professional Studies Jonathan M. Tisch Center of Hospitality’s recently launched Hospitality Innovation Hub Incubator is collaborating with Phocuswright to advance innovation, guidance, and entrepreneurship for students, startups, and the university community. As an authority in travel, tourism, and hospitality market research and events, Phocuswright will

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Baird/STR Hotel Stock Index Increased 14.3 Percent in July 2022

HENDERSONVILLE, Tennessee, and MILWAUKEE—The Baird/STR Hotel Stock Index jumped 14.3 percent in July to a level of 5,158. Year to date through the first seven months of 2022, the stock index decreased 10.4 percent. “Hotel stocks rebounded sharply and outperformed their respective benchmarks in July; relative outperformance has continued in August,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Despite the big gains in July, hotel stocks did not fully recapture June’s

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Taking Care: Creating a Culture of Workplace Safety in the Hospitality Industry

The hospitality industry has its fair share of visitors, with guests and employees in the building 24 hours a day, seven days a week. Compared to other sectors, hospitality employees can be more vulnerable than other team members working in different industries. In hotels, for instance, housekeepers primarily work alone, putting them at risk for sexual harassment and other acts of aggression. The number of transient guests only exacerbates this problem, as people feel less

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AC Hotel Bethesda Downtown Opens

AC Hotels by Marriott has opened the doors to its newest hotel in downtown Bethesda, Maryland, bringing the brand’s experience to an urban center near the nation’s capital. AC Hotel Bethesda Downtown has a design that strikes a balance of form and function. OTO Development, part of The Johnson Group, developed and will manage the new hotel, which is adjacent to and shares amenities with Avocet Tower, an office building developed by Stonebridge. “Like many

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R-E-S-P-E-C-T: Veronica Garcia of Gold Coast Premier Properties Group on What It Takes to Rise Up and Lead

Veronica M. Garcia, president and chief operating officer of the Miami-based extended-stay hotel development company Gold Coast Premier Properties Group, is among the women, who, according to the 2022 Castell Project Women in Hospitality Industry Leadership Report, represent only 10 percent of leaders in the hotel investment and development realm. As she told LODGING, she believes several habits account for her success in the “rough and tumble world” of hotel development, including asking questions, being

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Noble Investment Group Acquires a 14-Hotel Portfolio

ATLANTA—Noble Investment Group (Noble) announced the acquisition of a 14-hotel portfolio including Marriott, Hilton, and Hyatt-branded properties. Noble will invest in physical enhancements across the portfolio while optimizing operations to drive market share and increase profitability. “Since the second quarter of last year, Noble has invested more than $1.5 billion across the United States in 40 hotels with approximately 6,000 rooms as we continue to capitalize on the thematic opportunity in travel and hospitality,” said

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NYU Tisch Center of Hospitality’s HI Hub Incubator Collaborates With Phocuswright

NEW YORK—The NYU School of Professional Studies Jonathan M. Tisch Center of Hospitality’s recently launched Hospitality Innovation Hub Incubator is collaborating with Phocuswright to advance innovation, guidance, and entrepreneurship for students, startups, and the university community. As an authority in travel, tourism, and hospitality market research and events, Phocuswright will provide the HI Hub Incubator and students of the Tisch Center of Hospitality with access to its full library of research reports and analysis, data

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