Predictions for total-year 2017 are that the U.S. hotel industry will report a 0.5% increase in occupancy to 65.7%, a 2.1% rise in average daily rate (ADR) to US$126.66 and a 2.5% lift in revenue per available room (RevPAR) to US$83.23. RevPAR grew more than 3.0% for each year from 2010 to 2016.
Chatham Lodging Trust (NYSE:CLDT) today announced that it has acquired the 96-room Courtyard by Marriott Charleston Summerville, S.C., for $20.2 million, or approximately $210,000 per room.
Property is first Andaz Hotel in Southeast Asia
Four Seasons Hotel São Paulo at Nações Unidas is the first Four Seasons location in Brazil