Marriott International, Inc. (NASDAQ: MAR) announced today it has signed definitive agreements to acquire the Delta Hotels and Resorts® brand and management and franchise business from Delta Hotels Limited Partnership, a subsidiary of British Columbia Investment Management Corporation (bcIMC) for C$168 million (approximately $135 million).
An updated lodging forecast released today by PwC US anticipates average daily rate (ADR) gains to accelerate and drive revenue per available room (RevPAR) growth in 2015, building upon the solid fundamentals experienced in 2014.
Snowfall drives travelers to mountain resorts each ski season, but to what degree, at which resorts, and how far in advance isnt as clear. What is the correlation between snowfall and hotel occupancy, and how does the economy factor in?
LaSalle Hotel Properties (NYSE:LHO) today announced that it acquired The Westin Market Street in San Francisco, California for $350.0 million. The Company funded the acquisition with cash on hand and borrowings from its senior unsecured credit facility.
Virgin Hotels Nashville will feature 240 Chambers and Grand Chamber Suites, along with 15 penthouse residential units. The ground floor will include Virgin Hotels' signature space, The Commons Club, a hybrid, bar/lounge, laidback study and restaurant with the vibe of a membership club but without the fees.
Human Trafficking Increases during High Density Events
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