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Hilton Reports 22.6% Q1 RevPAR Decrease; Expects 90% April Drop
MCLEAN, VA—Hilton Worldwide Holdings Inc. had a 22.6% decrease in RevPAR for the first quarter of 2020, mainly due to the ...
ESA Sees 4.1% Drop In Q1 Revenues With Every Property Open
CHARLOTTE, NC—Extended Stay America Inc. (ESA) and its lodging REIT, ESH Hospitality Inc., reported that total revenues for the first quarter ...
Wyndham Q1 Revenues Drop 12% In Midst Of Pandemic
PARSIPPANY, NJ—For the first quarter of 2020, ended March 31, which was impacted by the COVID-19 pandemic, Wyndham Hotels & Resorts’ ...
IHG Unveils Q1 Trading Update
InterContinental Hotels Group (IHG) has released our 2020 First Quarter Trading Update. ...
HVS Brokerage & Advisory Closes Sale Of Quality Inn & Suites by the Parks To Sarasa Hotels
HOUSTON—HVS Brokerage & Advisory announces the sale of the 113-key Quality Inn & Suites by the Parks, located at 2945 Entry ...
PCA Sources $5.1MM For The Acquisition Of The Hyatt House Minot, ND
The Paramount Capital Advisors team sourced a $5.1MM SBA 7a loan for the acquisition of the 130 room Hyatt House Hotel ...
Lodging Partners Announces Sale Of Residence Inn Durango
DURANGO, CO—Lodging Partners, LLC, a member of Hotel Brokers International, announced the 66-guestroom Residence Inn located in Durango has sold to ...
Marriott International Suffers Another Data Breach
Marriott International has suffered a major security breach – its second in three years, according to Yahoo News. ...
HREC Arranges Sale Of The Residence Inn by Marriott Durango, CO
DENVER—HREC Investment Advisors is pleased to announce it has arranged the sale of the 66-guestroom Residence Inn located in Durango, Colorado. ...
Congress Greenlights $2 Trillion Stimulus; Hotel Leaders Call For Another Phase
AHLA Applauds Senate Passage Of CARES Act
WASHINGTON—The following is a statement from Chip Rogers, AHLA president and CEO, on the Senate passage of the CARES Act. ...
Knighthead Funding Provides $30.5 Million Loan For Full-Service Boutique Hotel In Charleston, SC
GREENWICH, CT—Knighthead Funding LLC has provided King & George Street, LLC with $30.5 million in short-term first mortgage debt for the ...