LE: U.S. hotel construction pipeline grew in third quarter
THE U.S. HOTEL construction pipeline showed positive trends in the third quarter of 2022 as total projects stood at 5,317 containing 629,489 rooms, according...
Stonehill commercial real estate group completed $200 million in loans
STONEHILL CRE, THE commercial real estate group of investment firm Stonehill, has originated and purchased $200 million in first mortgage loans since being launched...
Sunak is UK’s first Indian prime minister
RISHI SUNAK MADE his first speech as Britain’s prime minister on Tuesday (25), acknowledging the mistakes of his predecessor Liz Truss while vowing to...
Survey: U.S. hotels to exceed 2022 budgeting targets
U.S. HOTELS FORECAST that their properties will exceed 2022 budgeting targets as the hospitality industry returns to normal, according to a survey by the...
SaaS firm Virdee integrates with FreedomPay
CONTACTLESS CHECK-IN TECHNOLOGY firm Virdee is now integrated with commerce technology platform FreedomPay. The companies will offer a PCI-validated, point-to-point encryption solution with EMV,...
Banyan bought a castle near the Magic Kingdom
BANYAN INVESTMENT GROUP recently acquired the Castle Hotel, part of the Autograph Collection by Marriott, in Orlando, Florida. The hotel recently underwent an $8.2...
STR: U.S. hotel pipeline up in September for third month
THE U.S. HOTEL construction pipeline ticked up in September for the third consecutive month, according to STR. Also, year-over-year declines have been lessening each...
AHLA: U.S. hotel leisure travel revenue likely up 14 percent this year
U.S. HOTEL LEISURE travel revenue is projected to rise 14 percent this year over pre-pandemic levels and business travel revenue is expected to be...
AAHOA leaders offer support after Hurricane Ian
MORE THAN A week after Hurricane Ian devastated parts of Florida, AAHOA is on the ground providing aid and training for members. Hoteliers in...
Survey: 87 percent hotels experience staffing shortage
SOME 87 PERCENT of hotels are now experiencing a staffing shortage and 36 percent said they witness severe shortage, according to a survey by...