In August, U.S. hotel occupancy was flat at 71.4%, and a 0.9% ADR increase to $132.47 drove RevPAR up 0.9% to $94.55.
Guests staying at the hotel will enjoy easy access to the excitement of Hollywood and the Greater Los Angeles area including Universal Studios® amusement park, Warner Bros. Studio, the Hollywood Walk of Fame, Griffith Observatory, the legendary Hollywood sign and the North Hollywood Arts District.
With construction now underway, the luxury residential, hotel, and retail development will open in the heart of downtown Bellevue in Summer 2022.
Chesapeake Lodging Trust (NYSE:CHSP announced yesterday that it has closed on the sale of the 122-room Hyatt Herald Square New York and the 185-room Hyatt Place New York Midtown South, both located in New York, New York, for an aggregate sale price of $138.0 million, or approximately $450,000 per key.