Andrew Sheivachman

Andrew Sheivachman

Stories by Andrew Sheivachman

Asset-light shifts to asset-right

National Report—For years hotel brands embraced an asset-light ownership model to shore up balance sheets during an uncertain economy. Lately major franchise companies have made key asset purchases—triggered in part by Hyatt Hotels Corp.’s 2011 investments to reinforce its select-service portfolio.

Courtyard by Marriott plants first flag in Belgrade, Serbia

International Report–Fresh off the announcement of a new low-cost prototype for new Courtyard by Marriott hotels, Marriott has announced its first Courtyard property for Serbia. The 107-room Courtyard by Marriott Belgrade City Center is set to open in early 2014 under a management agreement with PFB Properties d.o.o.