STR
Hotel Sellers Meet Investors With Vision
As the lodging industry struggles, adaptive reuse is emerging as an option for distressed hospitality properties.
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.
Ashford Hospitality to Buy Santa Fe Boutique Resort
The company selected Remington Lodging to manage the 157-key La Posada de Santa Fe property in New Mexico when the deal closes later this month.
$300M Luxury Hotel Anchors Houston Tower Project
The Post Oak Hotel at Uptown Houston is part of a 10-acre mixed-use development featuring restaurants, retail, office and event space, including the Uptown/Galleria area’s largest ballroom and 35,000 square feet for conferences and meetings.
Hotel Construction Pipeline for US, Africa, Middle East: STR Report
The hotel market data and benchmarking firm’s October 2017 Pipeline Report saw some slowing in the U.S. hotel construction, with cities like New York, Houston, Los Angeles and Seattle seeing year-over-year decreases in construction of hotel rooms.
Economy Watch: Recent Hurricanes Impact Hospitality Industry
Most major hotel markets in Florida saw dramatic performance declines in the days leading up to Hurricane Irma, according to STR’s preliminary analysis. Hurricane Harvey’s impact on Houston’s hotel markets is a little less clear.
Economy Watch: Hotel Pipeline Grows in April
Nearly 4,843 hotels were currently in process in the U.S. in April, according to a recent STR report, an increase of 15 percent from a year ago. Limited service hotels account for roughly two-thirds of all hotel construction in the country.
Economy Watch: Hotels Enjoy a Bang-Up First Quarter
Hotel occupancy, average daily rate and revenue per available room all gained ground in the first quarter of 2017, STR recently reported, but an increase in development for the quarter could put pressure on pricing power.