Following a decade long run of largely strong hotel market fundamentals, investment activity fell to the lowest levels since the 2009 financial crisis in 2020 as the weight of the pandemic took hold. While the year was one none of us will soon forget, national and global immunization efforts put a rebound in lodging demand on the horizon and mark the early stages of the industry’s recovery.
Source: New feed
Month: March 2021
Voco Hotels Reaches 50 Hotel Milestone
IHG Hotels & Resorts' voco Hotels brand has officially reached the milestone of 50 signed and open hotels in more than 20 countries across the globe – marking IHG's fastest ever global expansion.
Source: New feed
Hyatt House Rochester / Mayo Clinic Celebrates Opening
Rochester, Minn. – (March 25, 2021) – Hyatt House Rochester / Mayo Clinic Area is pleased to celebrate the 172-room hotel’s opening. Owned by PEG Companies and managed by In-Group Hospitality:…
Source: New feed
WorldHotels Launches WorldHotels Crafted Collection Brand
WorldHotels announced today the official launch of its newest collection of hotels: WorldHotels Crafted Collection. Created last year, the collection now comes to life with a portfolio of specially curated and immersive independent hotels and resorts across the globe.
Source: New feed
MCR Purchases a Dual-Branded Tru and Home2 Suites by Hilton Near the Nashville Superspeedway
The hotels are located less than 10 miles from the Nashville Superspeedway, the internationally renowned motor racing complex with the oldest continually operating track in the United States.
Source: New feed
DoubleTree by Hilton Islamabad West to Open in 2025
Hilton (NYSE: HLT) will be bringing its hospitality to Pakistan once again. An agreement signed with Dhabi Hospitality will see its DoubleTree by Hilton brand launch in the city of Islamabad in 2025.
Source: New feed
Yum! Brands to Acquire Omnichannel Ordering and Marketing Platform Company
Acquisition Strengthens Yum! Brands’ Global Digital Ordering Capability and Integrates New Technology Talent into Company
Source: New feed
Lpine Realty Capital Brokers the Sale of Budget Host Inn & Suites – St. Ignace
This 58-unit property is one of the few in St. Ignace to operate on a year-round basis and completed a major renovation in 2020.
Source: New feed
WhyHotel Announces New Pop-Up Hotels in Miami and D.C.
WhyHotel Midtown Miami is coming to AMLI Midtown Miami in South Florida, and WhyHotel Washington DC National Mall will arrive at the Kiley Apartments property in Washington, D.C.
Source: New feed
Aimbridge Hospitality Selected by Dreamscape Companies to Manage Las Vegas Multi-Brand Project
Aimbridge to manage the repositioning and reopening of the 2,510-room property into multiple Hyatt full-service brand flags
Source: New feed