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 […]
Hotels & Timeshares
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 […]
Airbnb Turns a Profit, Now Valued at $31 Billion
Airbnb reported an undisclosed profit during Q2 2016 and is now valued at $31 billion, reported CNBC. The online vacation-sharing portal also just raised $1 billion […]
U.S. Hotel Stock Index Up 19.6% in 2016
The Baird/STR Hotel Stock Index closed 19.6% higher in 2016, reaching 3,702 on the back of a strong post-election performance in November and December, as […]
New Platform for Global Real Estate Listings
In response to greater volumes of cross-border real estate transacations, a new online platform will enable buyers and investors to search for real estate listings […]