RevPAR
Blue Sky Equity Partners Buys Tucson Hotel
The company has expanded its hospitality portfolio with the purchase of the 156-key Red Lion Inn & Suites Tucson North Foothills.
Marriott to Open New SpringHill Suites in GA
Stafford Hospitality owns the 104-key Marriott hotel located in the historic town of Tifton, near the Georgia Museum of Agriculture and the University of Georgia Tifton Campus.
AAM 15 Management Buys Embassy Suites in Maine
The company has acquired the 119-suite Embassy Suites by Hilton Portland. The buyer focuses on properties on the East Coast, particularly in New England.
Apple Hospitality Buys MN Hotel for $32M
The 160-key Hampton Inn & Suites by Hilton opened in 2016 on the site of the former Seven Corners, a city landmark since 1933.
Atlanta Hotels Win Big With Super Bowl
The city’s hospitality sector recorded higher than anticipated RevPAR and ADR growth for game weekend, reveals a new analysis by STR Inc.
Trinity Investments JV Buys Grande Lakes Orlando Resort
In a partnership with Elliott Management, the company paid a reported $900 million to purchase the 400-plus-acre property, which includes two hotels and a Greg Norman–designed golf course.
SunTrust Arranges $50M for Purchase of Dual-Branded Marriott Hotel
Key International is the new owner of a 255-key property in Clearwater Beach, Fla., which incorporates both a Residence Inn and a SpringHill Suites.
ULI Forecasts Strong Outlook for CRE Through 2020
Average vacancy rates and rental rate growth, despite a few minute fluctuations here and there, will remain positive for all major sectors.
Smaller Hospitality Markets Loom Large: Marcus & Millichap
Details on hot trends emerge from the firm’s second-quarter national study, including investor interest in second- and third-tier markets.
Hospitality Gains Momentum in 2018
Uncertainty about the federal government’s tax and fiscal policy slowed hotel transaction velocity in 2017, but sales activity is expected to increase this year, according to Marcus & Millichap’s 2018 Hospitality Investment Forecast.
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