Category: Financial

February 24, 2020

Europe’s hotel industry reported positive results in the three key performance metrics during January 2020, according to data from STR. Budapest reported its strongest ever January in terms of revpar, while Paris saw its highest occupancy. Europe’s hotels reported a […]

February 17, 2020

More than $23bn-worth of hotel construction contracts were due to be awarded in the Middle East and North Africa between now and 2023, according to MEED Projects. The company said that, in the final quarter of last year, development was […]

February 13, 2020

The Hilton Houston North announced it will undergo a $35 million-dollar renovation to include all guest rooms and suites, common areas, and meeting spaces. The renovation is expected to be complete by April 2020. The renovation includes the 18,000 square […]

January 28, 2020

If the Barclay brothers sell the Ritz Hotel for the rumoured £800m to a consortium of Saudi Arabian families it will have increased in value by 150 times in almost 50 years. Stephen Potel, consultant at Whitebridge Hospitality, sold the […]

January 23, 2020

Hotels in the Middle East reported mixed 2019 performance results, while hotels in Africa posted positive results across the three key performance metrics, according to data from STR. U.S. dollar constant currency, 2019 vs. 2018 Middle East Occupancy: +2.3% to […]

December 6, 2019

Has Accor’s partnership with Huazhu worn out its usefulness given the Chinese hotel giant has built a strong positioning in the economy and midscale segments in China? Huazhu now wants to focus on luxury and upper upscale, along with international […]

December 3, 2019

It’s the question of the hour: Is a recession around the corner? And if so, how do hotel investors start preparing today? “The hospitality sector is very sensitive to economic movement,” John Chang, SVP, research services at Marcus & Millichap, […]

December 3, 2019

Richard Barkham, global chief economist/head of Americas research at CBRE, is scheduled to speak at the opening day of the International Hospitality Investment Forum in March, presented by Questex, parent company of Hotel Management magazine. In the session entitled, “2020 […]

November 25, 2019

St. Louis-based Midas Hospitality acquired the 160-room Aloft Milwaukee Downtown for $26.5 million. The hotel development, management and investment firm operates one other hotel in Wisconsin, the Aloft Green Bay. The Aloft Milwaukee Downtown is located along the Milwaukee River. […]