Hersha buys top Philadelphia hotel for $42m

  Hersha Hospitality Trust, owner of upscale hotels in urban gateway markets, announced today that the REIT continues to act on its revised recovery strategy...

Hilton’s eforea: spa available to franchisees

Hilton Worldwide has set loose its spa product for franchisees looking to create another revenue stream at their properties. Eforea: spa at Hilton, introduced in...

NYC hotel transactions break record

After two strong rebound years, the volume of hotel transactions in New York reached an all-time record high in 2011. Eighteen transactions, comprising nearly $3.5...

Hotel property sales up 62.8 percent in 2011

Total hotel property transactions in 2011 amounted to $14bn, compared to $8.6bn in 2010, according to data from STR Analytics. This is a 62.8-percent...

Asian American hoteliers reach agreement with Choice

Four months after putting a major hotel company on notice, the Asian American Hotel Owners Association said it is satisfied with the final outcome...

President Obama orders a task force to boost US travel and tourism

President Obama announced today that he has issued an Executive Order aimed at boosting travel and tourism during an event in Orlando, Fla., attended...

Loews commits $500m to buy and build program

  Loews Hotels & Resorts of New York plans to spend $500m to acquire and build hotels. The company, which owns 18 hotels in the US...

Hotel companies on Fortune’s 100 Best Companies to Work For

Fortune magazine named several hotel companies among the Best Companies to Work For in America. Recognized are Klimpton Hotels & Restaurants (number 16), Marriott International...

Vantage Hospitality opened 1,000th hotel in 2011

Americas Best Value Inn, the 10th largest hotel brand in the world and owned by Vantage Hospitality Group in Coral Springs, FL, added 127 properties...

Best Western joins Roomkey.com

Best Western International announced today that it has signed on as the first commercial partner to supply hotel inventory to Room Key. Best Western is...