Latest Hotel Industry News

Xenia Hotels & Resorts Reports Q3 2016 Net Income of $20.2 million, an Increase of 11.9%; Same-Property RevPAR Decreased 0.7% Compared to Q3 of 2015

2016-11-07 11:50:31 +0100 | Source: Hotel Online

ORLANDO, Fla., Nov. 7, 2016 -- Xenia Hotels & Resorts, Inc. (NYSE: XHR) ("Xenia" or the "Company") today announced results for the quarter ended September 30, 2016.  Third... Read more



Kevin Carl Named Global Chief Information Technology Officer for Carlson Rezidor Hotel Group

2016-11-07 11:46:25 +0100 | Source: Hotel News Resource

Carl will lead and direct the global IT organization and report to David P. Berg, chief executive officer, Carlson Hospitality Group. Read more


Lowe Enterprises Investors Acquires Two Boston Area Residence Inns from Hersha Hospitality Trust

2016-11-07 11:41:02 +0100 | Source: Hotel Online

LOS ANGELES--November 7, 2016--Lowe Enterprises Investors (LEI), in joint venture with a foreign investment client, has acquired the 125-suite Residence Inn Boston Framingham and the 96-suite Residence Inn Boston... Read more



MGM Resorts International Reports Q3 2016 Net Income of $536 million, a 706% Increase Over the Prior Year Quarter

2016-11-07 11:33:15 +0100 | Source: Hotel Online

Diluted earnings per share of $0.93 compared to $0.12 in the prior year quarter Net income attributable to MGM Resorts of $536 million, a 706% increase over the prior year quarter Domestic resorts Adjusted Property... Read more



Radisson Blu Hotel, Rostov-on-Don to Open 2017 in Russia

2016-11-07 11:21:59 +0100 | Source: Hotel News Resource

The hotel is located in the very center of Rostov-on-Don, on the main promenade overlooking the River Don in the central commercial and entertainment districts of the city. The hotel is located just 9km from the... Read more


Pebblebrook Hotel Trust Enters Agreement to Sell the Manhattan NYC in New York, New York for $217.5 Million

2016-11-07 11:20:15 +0100 | Source: Hotel Online

BETHESDA, Md.--November 7, 2016-- Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it has executed a purchase and sale agreement to sell the 618-room, upper upscale, full-service... Read more



Marriott’s Tribute Portfolio to Debut in Latin America with Addition of Arelauquen Lodge in Patagonia and Auberge du Vin in Argentina

2016-11-07 11:07:56 +0100 | Source: Hotel Online

Marriott International, Inc. (NASDAQ:MAR) today announced the upcoming debut of its aspirational independent hotels and resorts brand, Tribute Portfolio, in Latin America. By December 2016, the brand will add two... Read more



Roux family starts search for Roux Scholar 2017

2016-11-07 11:04:49 +0100 | Source: Big Hospitality

The Roux family has started its search for a new Roux Scholar with the launch of the 2017 Roux Scholarship competition. Read more


Lowe Enterprises Investors Acquires Two Boston Area Residence Inns

2016-11-07 11:00:17 +0100 | Source: Hotel News Resource

Lowe Enterprises Investors (LEI), in joint venture with a foreign investment client, has acquired the 125-suite Residence Inn Boston Framingham and the 96-suite Residence Inn Boston Norwood Canton. Read more


Which one of England’s ‘oldest hotels’ is actually the oldest? | theguardian.com

2016-11-07 10:54:32 +0100 | Source: Hospitalitynet

When news broke last weekend that the Royal Clarence hotel in Exeter was burning down, it was met with an outpouring of public sympathy – and confusion. The building was repeatedly referred to as the oldest hotel... Read more



Global investors follow demand trends to find next big deal

2016-11-07 10:52:56 +0100 | Source: HotelManagement

Savills’ report found that around 901 million domestic and overseas visitors were attracted to the top 12 global cities. Read more


Host Hotels & Resorts completes sale of New Zealand portfolio

2016-11-07 10:52:51 +0100 | Source: HotelManagement

The sale of the final two properties was the largest single hotel transaction, by room count, in New Zealand over the past 18 months. Read more


Guthrie Welcomes Latest Hampton Inn & Suites by Hilton in Oklahoma

2016-11-07 10:48:54 +0100 | Source: Hospitalitynet

Hilton's (NYSE: HLT) Hampton by Hilton brand, the global mid-priced hotel that serves value-conscious and quality-driven travelers around the world, today announced the opening of its newest property, Hampton... Read more


Rotana continues its strategic expansion with 16 new openings by 2017

2016-11-07 10:48:29 +0100 | Source: Hospitalitynet

6 November 2016: Rotana, one of the leading hospitality management companies in the Middle East, Africa, South Asia and Eastern Europe, is driving forward its ambitious vision of operating 100 hotels by 2020, with... Read more


Recession Risk for New York Hotels Lowers to 38.3%

2016-11-07 10:45:28 +0100 | Source: Hotel News Resource

E-forecasting.com Releases NYC Hotel Market Forecast With Hotel Industry Leading Indicator for the City Read more


25hours Hotels and AccorHotels announce strategic partnership

2016-11-07 10:44:30 +0100 | Source: Hospitalitynet

25hours Hotels today announces that AccorHotels is acquiring a 30% stake in its capital, with the objective of accelerating the global expansion of the 25hours brand. 25hours is also expanding its internal development... Read more


Pebblebrook Hotel Trust Sells Manhattan NYC Hotel for $217.5 Million

2016-11-07 10:39:44 +0100 | Source: Hotel News Resource

Pebblebrook Hotel Trust (NYSE: PEB) today announced that it has executed a purchase and sale agreement to sell the 618-room, upper upscale, full-service Manhattan NYC in New York, New York for $217.5 million to a... Read more


Scandic expands in Drammen, Norway

2016-11-07 10:09:36 +0100 | Source: Hospitalitynet

Scandic Hotels, the largest hotel company in the Nordic countries, has signed a long-term agreement with Norwegian Utstillingsplassen Eiendeom A/S to take over the Ambassadeur Hotel and the Globus Hotel in Drammen,... Read more


Scandic Hotels Group AB: Scandic Expands in Drammen, Norway

2016-11-07 10:07:06 +0100 | Source: Hotel News Resource

Scandic takes over operation of the venerable Ambassadeur Hotel and the Globus Hotel with almost 300 rooms Read more