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Category: Financial


Finance and Development, Financial

Europe positive in January

February 24, 2020

Via: Hotel Management

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 […]


Finance and Development, Financial, Hotels

Middle East looks to tourism

February 17, 2020

Via: Hotel Management

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 […]


Finance and Development, Financial, Hotels

Hilton Houston North Announces $35 Million Renovation

February 13, 2020

Via: Hospitality Net

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 […]


Finance and Development, Financial

Ritz increases value 150 times in 50 years

January 28, 2020

Via: Hotel Management

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 […]


Finance and Development, Financial, Markets

Hotels in the Middle East Report Mixed Results for 2019

January 23, 2020

Via: Hotel News Resource

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 […]


Finance and Development, Financial

Accor Sells Half of Its Stake in Huazhu as Chinese Partner Eyes Europe

December 6, 2019

Via: Hospitality Net

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 […]


Finance and Development, Financial, Restaurants

Does the current U.S. hotel cycle have room to grow?

December 3, 2019

Via: Hotel Management - All Stories

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, […]


Finance and Development, Financial

CBRE exec: Globalization is changing the economic rules

December 3, 2019

Via: Hotel Management - All Stories

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 […]


Finance and Development, Financial

Midas Hospitality buys Milwaukee Aloft for $26.5M

November 25, 2019

Via: Hotel Management - Operate

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. […]