Brian Hughes is now executive vice president of business development at Twenty Four Seven Hotels and Damien Abrams is promoted to vice president of lifestyle brands. The leadership changes are... Read More
Author: asiantrader
3H GROUP, LED by Hiren Desai as president and CEO, recently acquired the Hyatt Place Tampa Airport/Westshore in Tampa, Florida. LBA Hospitality will manage the hotel’s operations. The acquisition of the... Read More
U.S. HOTEL PERFORMANCE showed mixed year-over-year results in the third week of August compared to the previous week, according to CoStar. Key metrics, including occupancy, RevPAR and ADR, all experienced... Read More
The Red Roof Inn La Marque in La Marque, Texas, is now open after a $700,000 renovation. The 150-room property is owned by Kenny Group LLC, led by Jignesh Patel. The... Read More
CBRE HOTELS RECENTLY reduced U.S. hotel forecast as lodging demand dips amid soft leisure travel and slower corporate profit growth. The upcoming election in November and other economic factors led... Read More
AAHOA IS JOINING Blackstone Growth LP and affiliated funds in the association’s first strategic investment, signing a definitive agreement to acquire a majority stake in M3 LLC, a hospitality accounting... Read More
THE WOMEN IN Hospitality Leadership Alliance, a group of 32 organizations advancing women in hospitality, recently launched an interactive speaker directory with more than 700 senior-level women experts. The... Read More
EMPLOYEES AT THE Taj Mahal Hotel in New Delhi presented a rendition of the Indian national anthem in Indian Sign Language to celebrate India’s 78th Independence Day on Aug. 15.... Read More
STR AND TOURISM Economics updated their 2024-25 U.S. hotel forecast, raising projected occupancy by 0.2 percentage points and revising the previous forecast of a year-over-year decline. However, ADR gains were... Read More
HomeTowne Studios Montgomery-Midtown and HomeTowne Studios Huntsville-Madison are now open in Montgomery and Huntsville, Alabama, respectively. The Montgomery-Midtown property is owned by Reha Hotels, LLC, led by Parth Patel, and... Read More