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Hotel Equities reopens Memphis Courtyard    31 Jul, 2014

Atlanta-based Hotel Equities recently celebrated the grand re-opening of the renovated 96-room Courtyard by Marriott Memphis East in Memphis, Tenn. The hotel recently completed a comprehensive renovation and a significant profit improvement plan. More>>

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Vantage reports strong growth for ABVI, CBVI   30 Jul, 2014

Americas Best Value Inn and Canadas Best Value Inn reported solid growth during the second quarter of 2014 with the addition of 21 properties to the system. ABVI and CBVI are part of the Vantage Hospitality Group, which earlier this month agreed to acquire America’s Best Franchising’s hotel...More>>

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Hall of Fame: Cooperstown Country Inn sells for $4M   30 Jul, 2014

MBA Hotel Brokers closed on the sale of the Country Inn & Suites in Cooperstown, N.Y., home of baseball's Hall of Fame. MBA represented the seller, Northern Lights Land Company. The hotel was purchased by HUM Hospitality who plans to continue to operate as a Country Inn & Suites. The final sale...More>>

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World Cup bump helps push Marriott to healthy Q2   30 Jul, 2014

Things were good for Marriott International in the second quarter. The Bethesda, Md.-based hotel operator said earnings rose 7.3 percent on an increase in revenue and on stronger average daily room rates. Net income was $192 million for the quarter compared to $179 million a year prior.More>>

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Aloft doubling up in Silicon Valley   28 Jul, 2014

Starwood's Aloft brand is coming a second time to Silicon Valley. The hotel is set to open this December with 85 rooms. The adaptive re-use project will result in a total transformation of the Pacific Inn and will join Aloft Cupertino as the second Aloft hotel owned and developed by an affiliate of...More>>

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Starwood Capital continues European push   28 Jul, 2014

Starwood Capital has been busy in Europe—snatching up hotels and selling others. The latest buy is also the biggest deal for a hotel to go down in Edinburgh, Scotland since 2007. More>>

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AC Hotel planned for downtown Madison, Wisc.   24 Jul, 2014

Wisconsin could soon have an AC Hotel. As The Capital Times reports, while negotiations over a possible $50-million city subsidy for a new downtown Madison luxury hotel to serve Monona Terrace continue, public attention is turning to a separate proposal for a boutique 10-story hotel just off the...More>>

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A look at Hyatt's reorganization   22 Jul, 2014

Mark Hoplamazian, president and CEO of Hyatt Hotels Corp., announced organizational changes designed to support Hyatt's strategy of driving preference by providing distinctive brand experiences. The changes include the integration of the global operations structure, the formation of an integrated...More>>

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Today's top hotel transactions   22 Jul, 2014

Hotels in the U.S continue to trade at a high rate with prospective buyers continuing to look for positions within an industry that is benefitting from high demand and low supply growth, which is underpinning propitious market fundamentals. Here's a look at the most recent hotel transactions.More>>

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Joel Eisemann: brand heavy, asset light   18 Jul, 2014

IHG’s future plans to reduce properties while growing it brand.More>>




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