Apple Hospitality REIT, Inc. (NYSE: APLE) yesterday announced that it acquired the 127-room Hyatt Place Jacksonville Airport for a purchase price of approximately $15.4 million, or $121,000 per key.
IHG announced the opening of new hotels in two of Germany's most culturally rich cities, Berlin and Dresden.
At present, hotels do not make profits only from renting rooms to their customers. They provide various services to make their hotel guests stay as comfortable as it is possible and make money at the same time. Luckily, these days the hotels have another possibility to improve their services. They may up-selling tickets to popular neighbourhood museums or events and gets the benefit.
Hilton Garden Inn Tbilisi Riverside will be situated on the banks of the Kura River, close to two of the city's universities, political ministries and a number of large corporate offices. The hotel will include 161 guestrooms, some of which will overlook the river, a bar and restaurant, as well as a fitness centre and two meeting rooms.