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Residence Inn opens in Midlothian, Virginia

The owner is Shamin Hotels in Chester, Virginia, led by Neil Amin

The Residence Inn by Marriott Richmond West is open in Midlothian, Virginia. It is owned by Shamin Hotels, led by CEO Neil Amin in Chester, Virginia.

The 111-suite extended=stay hotel is near Johnston-Willis Hospital and 20 minutes from downtown Richmond. Other nearby attractions are Richmond Ice Zone, Huguenot Park, Chesterfield Towne Center and River City Sportsplex. The pet-friendly hotel’s amenities include a meeting room, an indoor swimming pool and a fitness center.


“When on the road for an extended period, our guests need space to spread out, maintain their life’s pace and restore their energy to keep a healthy balance and routine while traveling. This new hotel offers a seamless blend of modern style and functionality that allows them to settle in and thrive,” said Diane Mayer, vice president and global brand manager for Residence Inn at Marriott International.

In January, Shamin Hotels, one of the largest Asian American owned hotel development and management companies in the country, purchased the Richmond Times-Dispatch newspaper building that it will renovate for its new headquarters and share with the newspaper.

“The key to our search was finding centralized space that provides areas for teamwork, collaboration and wellness. We feel that the RTD building provides all of that and more,” Amin said at the time. “The downtown location is accessible to all of our associates who live across the region from New Kent to Midlothian and from Hopewell to Short Pump, as well as those that travel from the D.C. and Hampton Roads areas.”

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Report: Hotels hold margins despite revenue slump

Report: Hotels hold margins despite revenue slump

Summary:

  • U.S. hotels adjusted strategies as revenue fell short of budget, HotelData.com reported.
  • Hoteliers prioritized cost, labor and forecasting over rate growth.
  • Six 2026 strategies include shifting from static budgets to real-time forecasts.

U.S. HOTELS ADJUSTED strategies to protect profit margins despite revenue lagging budget, according to Actabl’s HotelData.com. RevPAR averaged $119.22 through Sept. 30, 9 percent below budget, while GOP margins held at 37.7 percent, 1.2 points short of target.

HotelData.com’s “Hotel Profitability Performance Report for Q3 2025” showed operators adjusting forecasts, controlling labor and costs and protecting margins as demand softens and expenses rise. The report indicates an industry shift, with hoteliers relying less on rate growth and more on cost control, labor strategies and forecasting to maintain profitability.

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