Renaissance Orlando Resort and Spa has opened in the Disney Springs Resort Area in Lake Buena Vista, FL, following a $25-million renovation and rebranding from the B Resort & Spa. The property is managed by Davidson Hospitality Group. The full-service resort features 394 guestrooms; more than 25,000 sq. ft. of indoor and outdoor meeting space; a zero-entry pool and hot tub; and signature … [Read more...]

The joint venture between Smith Hill Capital, the commercial real estate debt investment management business of the Procaccianti Companies, and Bain Capital’s Special Situations team originated a first mortgage financing for the Embassy Suites by Hilton Nashville Airport. The first mortgage has a total available balance of $57 million. The 305-key property is close to Nashville International … [Read more...]

The U.S. hotel industry reported lower performance results than the previous week, according to CoStar’s latest data through Sept. 7. September 1-7 (percentage change from comparable week in 2023): Occupancy: 57.8% (-4.2%) ADR: $149.67 (-1.0%) RevPAR: $86.48 (-5.2%) Among the top 25 markets, Houston saw the highest year-over-year increases in occupancy (+8.0% to 57.1%) and RevPAR (+18.5% to … [Read more...]

RobertDouglas represented Flynn Properties, as the exclusive advisor, in arranging a $54-million refinancing of a six-hotel Courtyard by Marriott portfolio. The Marriott-managed portfolio includes the144-key Courtyard Fairfax Fair Oaks in Fairfax, VA; 146-key Courtyard Baltimore Hunt Valley in Hunt Valley, MD; 150-key Courtyard New Carrollton Landover in Landover, MD: 158- key Courtyard … [Read more...]

Hospitality America has been selected by Contender Development to manage the Element by Marriott Charleston Airport in North Charleston, SC. Scheduled to open in the second quarter of 2025, the 123-room, upscale extended-stay hotel will feature a restaurant, 24/7 motion fitness center, all-natural saline outdoor pool and 500 sq. ft. of meeting space. This is the eighth Marriott hotel in the … [Read more...]

Hospitality Ventures Management Group (HVMG) has assumed management of the 232-suite Embassy Suites by Hilton Bloomington/Minneapolis in Bloomington, MN. The company also will oversee a $9-million renovation project to upgrade guestrooms, public space, restaurant and back-of-house items. “Between our long standing history and familiarity operating this and other Hilton-branded projects and our … [Read more...]

Delta Hotels by Marriott has made its South Florida debut with the opening of the 199-room Delta Hotels West Palm Beach. The property is managed by Driftwood Hospitality Management. Hotel amenities include The Dive Bar, the hotel’s signature restaurant and bar, as well as more than 6,000 square feet of versatile event space, a grab-and-go café, a fitness center, a pool and business huddles … [Read more...]

Las Vegas led the top 25 markets with 36% year-over-year (YOY) meetings volume growth for August, according to data from Knowland. New York ranked second with more than 30% YOY growth driven primarily by sports tourism. While Las Vegas headed the top 25 markets list, the U.S. Open bolstered New York event business substantially. New York also hosted multiple events for the Badminton World … [Read more...]

Lodging Econometrics’ (LE) Q2 2024 U.S. Hotel Construction Pipeline Trend Report paints a picture of robust growth and strategic focus. With a significant concentration of projects scheduled to start in the next 12 months and early planning stages, particularly in the upscale and upper-midscale segments, the industry appears poised for substantial new supply growth. The widespread distribution of … [Read more...]

Driftwood Capital has revealed the successful initial closing of its latest fund, Driftwood Florida Space Coast Portfolio LP, focusing on the acquisition and development of existing and soon-to-break-ground hotel assets along Florida’s Space Coast. Upon completion of the Westin Cocoa Beach Resort, Spa and Conference Center, the fund’s portfolio is expected to represent approximately 11% of all the … [Read more...]

Marcus & Millichap has arranged the sale of Comfort Suites North Charleston-Ashley Phosphate, a 98-room hotel property located in North Charleston, SC. The property sold for $11.6 million. “We generated multiple offers through our marketing process,” said Jack Davis, SVP, investments. “We were able to uncover a non-traditional hotel user and sold the asset to a non-profit which will use the … [Read more...]

Choice Hotels International Inc. has expanded its upscale portfolio with the opening of the Radisson Hotel Fairview Heights – St. Louis in Fairview Heights, IL. The four-story hotel has 119 guestrooms featuring dedicated ergonomic work areas, free WiFi, flat-screen TVs, refrigerators and microwaves. Sofa beds are offered in the larger suites. Amenities include nearly 10,000 sq. ft. of … [Read more...]

Argentinian business group Glokal Group, in partnership with Blue Road, a Miami-based integrated real estate developer, have broken ground on the Dolce by Wyndham Miami in South Beach. The $40-million, new-construction project, located in the Art Deco District, will be located two blocks away from the Miami Beach Convention Center. The 90-room property will be operated by AADESA Hotel Management … [Read more...]

On the first day of its 2024 convention, held at the Loews Ventana Canyon Resort in Tucson, AZ, My Place Hotels of America introduced My Place 3.0, which includes product enhancements alongside a new prototype, designed to increase demand and improve the guest experience. The new exterior design blends the cost-effectiveness of a pitched roof with the modern aesthetics of a flat roof, offering … [Read more...]

Securing financing in the ever-evolving world of hotel development has become an increasingly daunting challenge. The hospitality industry, having navigated the complexities of post-pandemic recovery, is now confronted with additional hurdles, most notably the tightening of lending conditions. Where developers once leaned heavily on traditional bank loans as their primary funding source, many are … [Read more...]

Ed Fuller, former longtime global Marriott executive, will be presented with the ALIS Lifetime Achievement Award during the 24th annual Americas Lodging Investment Summit (ALIS) on Jan. 28-30 at the JW Marriott/Ritz-Carlton Los Angeles L.A. LIVE in Los Angeles. This award is presented to an individual who has made significant contributions to the hospitality industry through their actions, deeds … [Read more...]

TPG Hotels & Resorts has been selected to manage the AC Hotel Tuscaloosa Downtown in Tuscaloosa, AL. The hotel features 120 rooms, complimentary WiFi, AC Kitchen, AC Lounge, a 24-hour fitness room, an on-site business center and four separate event rooms totaling 1500 sq. ft. of meeting space. “We are extremely pleased to be adding this well-established property in a bustling college … [Read more...]

Stonebridge Companies LLC, a Denver-based hotel management company, has promoted Chris Cheney to SVP, commercial services. Cheney joined the company in 2007 and served as a GM at multiple assets from Alaska to Colorado before joining the corporate team in 2011 as director of revenue management. In his new role, he will oversee all aspects of the company’s top-line operations, including … [Read more...]

NewcrestImage has acquired the full-service DoubleTree Suites by Hilton Hotel Columbus Downtown in Columbus, OH. The deal was brokered by Hunter Hotel Advisors, with SVPs Tim Osborne and Spencer Davidson representing the institutional seller. “This acquisition underscores our continued appetite for transactions that offer strong growth potential in both market share and asset value,” said Mehul … [Read more...]

A restaurant isn’t complete without the right aprons for kitchen staff and front-of-house employees. Aprons protect other uniform apparel from stains; offer utility, such as extra pockets for a notepad; and promote professionalism in your restaurant. Picking out this essential restaurant item warrants a little research. To help, we’ve compiled our best tips and tricks for finding the perfect … [Read more...]