AAHOA announces new chairman, secretary after conference
AAHOA’S ANNUAL CONFERENCE has come and gone for this year, but it left in its wake permanent changes for the association. They include a...
Stonehill to lend $1.25 billion in 2021, up 74 percent from last year
COMMERCIAL REAL ESTATE lender Stonehill expects to deploy around $1.25 billion in 2021, a 74 percent increase from last year, according to the company....
Study: AAHOA members own 60 percent of U.S. hotels
AAHOA HAS ALWAYS advocated for its members based on the perceived large share of the hospitality market they make up. A new study commissioned...
Organizations launch ‘Fortuna’s Table’ to further hotel ownership
TWO ORGANIZATIONS DEDICATED to helping women progress in their careers in the hospitality industry have launched a joint venture to further that goal. The...
Wyndham, Hilton report positive revenue in second quarter
TWO OF THE nation’s biggest hotel companies, Wyndham Hotels & Resorts and Hilton Worldwide Holdings Inc., continued to see improvements in the second quarter.
Wyndham’s...
A season of change
A pandemic winding down unevenly, a search for top executives following the resignation of the president and CEO, and a return to an in-person...
New York hotelier acquires Red Carpet Inn, plans to take it independent
RUDRA MANAGEMENT, LED by Jayesh Patel, recently acquired an old Red Carpet Inn in Tonawanda, New York, with plans to reposition it as an...
AHLA: Nearly 500,000 hotel jobs lost to pandemic to remain unfilled this year
NEARLY 500,000 HOTEL operations jobs lost during the pandemic will not returning to the industry before the end of the year, according to a...
Iridescent Hotels adds two new third-party management contracts
IRIDESCENT HOTELS OF Dallas has been contracted to manage two more hotels in Texas and Ohio. Iridescent was founded last year by Ash Patel,...
CBRE: Lodging demand back to 2019 levels by 2023
THE FUTURE IS looking brighter for the U.S. hospitality industry, according to the latest forecast from CBRE Hotels Research. The research agency now predicts...
