STR lowers forecast through 2020

STR LOWERED ITS U.S. hotels performance forecast for the next two year during its 11th annual Hotel Data Conference in Nashville, Tennessee, Thursday. The...

Asian American owned companies building seven new Microtels

TWO ASIAN AMERICAN owned companies are planning new Microtel by Wyndham hotels using the new Moda prototype introduced earlier this year. Developer Pinu “Pete”...

Marriott charged $126 million in second quarter to cover UK fine from data breach

MARRIOTT INTERNATIONAL BOOKED a more than $120 million charge in the second quarter to cover a possible fine by the United Kingdom’s Information Commissioner’s...

ESA misses stock earnings goal in second quarter

EXTENDED STAY AMERICA fell short of its earnings per share goal for the second quarter of 2019. However, the company said it is taking...

Three top hotel companies see strong first half of 2019

THE FIRST HALF of 2019 ended on a high note for three of the world’s largest hotel companies. Marriott International and Hilton Worldwide Holdings...

NexGen Hotels adding extended-stay hotel to shopping center

NEXGEN HOTELS OF Schaumburg, Illinois, has begun development of an extended-stay hotel. The company, headed by CEO Deepak Shah, announced on July 30 that it...

Hotels fuel downtown Memphis commercial growth

DOWNTOWN MEMPHIS IS on the brink of a commercial real estate explosion, and hotels are helping to fuel the revival. Leading the renaissance is Union...

NewcrestImage opens two of four hotels planned for mixed-use development

NEWCRESTIMAGE IS HALFWAY to completing a four-hotel campus to complement a $1.5 billion mixed-used development in Frisco, Texas. The metro-Dallas-based hotel developer, owner and manager,...

Hotels recognize UN’s World Day Against Trafficking in Persons on July 30

JULY 30 IS World Day Against Trafficking in Persons, a United Nations program to promote awareness of human trafficking and efforts to prevent it....

Ground broken for Asian American owned Thompson Hotel in Denver

HYATT HOTELS CORP.’S first Thompson Hotels property in Colorado is being developed by an Asian American-owned company. T2 Hospitality, under the leadership of founder...