Hyatt Acquires Two Roads Hospitality Group for $480 Million
Hyatt Hotels Corp. on Monday announced its intent to acquire boutique hotel company Two Roads Hospitality for a base price of $480 million, reported the San Francisco Chronicle. […]
Hotels & Timeshares
Annual Hotel Key Performance Metrics Decline in September
Annual hotel key performance metrics declined in the U.S. during the week of 9-15 September 2018, according to data from STR. In comparison with the week […]
Amazon Launches Alexa for Hospitality at Select Marriott Hotels
Amazon.com announced on Tuesday that it has partnered with Marriott International to help increase guest access to amenities with Alexa, through its voice-controlled device Echo, in an attempt […]
Blackstone Buys LaSalle Hotels for $3.7 Billion Cash
Just 3 days after realizing a $14 billion profit on the sale of its 5.8% stake in Hilton Worldwide Holdings, private equity firm Blackstone has […]
U.S. Hotel Industry Posts Record-Breaking Year in 2017
The U.S. hotel industry registered record-breaking performance levels during 2017, according to data from STR. Compared with 2016: Occupancy: +0.9% to 65.9% Average daily rate […]
Judge: Airbnb Not Responsible for Tenant Lease Violations
A federal judge sided with Airbnb in a lawsuit brought about by the American Landlord Apartment Investment & Management Co (AIMCO), according to Endgadget. The […]
Airbnb to Start Branding its Own Properties Next Year
It appears that more restrictive local regulations and ordinances are driving Airbnb to get involved in the real estate development business. In a noteworthy development, Airbnb […]
Intercontinental Hotels Launches New Brand Targeting Budget Travelers
InterContinental Hotels Group (IHG) announced that it launched a new brand called Avid Hotels, targeting travelers at a slightly lower price point than its popular Holiday Inn […]
Average Daily Rate at U.S. Hotels Surpasses $127
The Average Daily Rates (ADR) at U.S. hotels reached $127.12 during the week of August 13-19, a 2.5% increase from the previous week, according to […]
Average Daily Rate at U.S. Hotels Reaches $127.47
The Average Daily Rates (ADR) at U.S. hotels reached $127.47 during the week of May 21-27, a 2.5% increase from the previous week, according to […]