CBRE: U.S. hotel demand declines slightly in Q3
U.S. HOTEL DEMAND declined by 0.5 percent year over year in the third quarter of 2023, according to CBRE. Simultaneously, there was a matching...
AAA: 55.4 million Americans likely to travel for Thanksgiving
APPROXIMATELY 55.4 MILLION U.S. travelers are expected to travel 50 miles or more from home during the Thanksgiving holiday, marking a 2.3 percent increase...
Janis is the new honorary trustee of AHLA Foundation
Jessica Janis, director and practice leader for hospitality at Corning Optical Communications LLC, is appointed the new honorary trustee of the AHLA Foundation. Janis...
AAHOA chairman celebrates Diwali with U.S. vice president
BHARAT PATEL, AAHOA’S chairman celebrated Diwali at Vice President Kamala Harris’s residence this weekend. He was joined there by other celebrities and members of...
Baird/STR Index declines by 2.4 percent in October
THE BAIRD/STR HOTEL Stock Index dropped 2.4 percent to 5,600, influenced by increasing interest rates affecting both real estate stocks and investor sentiment, according...
CoStar: Corporate, group demand boosted U.S. hotel profitability in September
U.S. HOTEL PROFITABILITY rose in September, driven by increased corporate demand and group bookings, according to STR's May 2023 Profit & Loss data. Meanwhile,...
Noble breaks ground on Tempo in Savannah, GA
NOBLE INVESTMENT GROUP has commenced construction on Tempo by Hilton in Savannah's Historic District, Georgia. This property, which is slated to open in early...
AHLA, others sue Biden Administration over NLRB joint-employer definition
FORCES ARE ALIGNING to push back against the National Labor Relations Board’s recently issued final ruling on the definition of joint-employer status. The American...
Peachtree Group and partners collaborate on 257-room Gulf Coast project
DD PARTNERS, PEACHTREE Group, and Woodbine Development are collaborating on Embassy Suites Gulf Shores, a resort with a Gulf of Mexico view located in...
Whitestone Cos. acquires TownePlace Suites in Urbandale, Iowa
WHITESTONE COS., A Columbus-based real estate development firm, has acquired a TownePlace Suites by Marriott in Urbandale, Iowa. The acquisition marks the company’s sixth...