News
Stay up to date with the latest news about commercial real estate, business opportunities, and trending topics for investors.
JetBlue’s Future Lands Today As Airline Introduces All-New, Ultra-Comfortable and Fully Connected Core Experience on Airbus A320 Aircraft
The first phase of JetBlue’s A320 interior cabin restyle began in spring 2018 and modernized the airline’s so-called “classic interiors” with products that matched those found on the airline’s newer A321 aircraft – features such as more modern seats and larger seatback TVs.
La Quinta considering splitting into two companies
Hotel chain La Quinta Holdings is pursing the possibility of separating into two stand-alone publicly-traded companies.
Lido Beach Restoration
Lido Beach Sand Restoration is Underway.
LL Real Views - The Rise of Poshtels: How Hostels Went from Grit to Glam
Hostels have traditionally been for backpackers, happy to share rooms with strangers, trek down hallways to shower and cook their own meals in basic kitchens in exchange for cut-rate accommodation.
London Hotels Report 8.9% RevPAR Growth for May 2017
London's hotel market reported occupancy rose 1.7% to 83.1% in May, according to preliminary data. ADR increased 7% to £153.04 ($194.91) and RevPAR rose 8.9% to £127.24 ($162.05). STR’s preliminary May 2017 data for London, England, indicates continued strong performance growth
J.W. Marriott / Ritz-Carlton LA Hotel Expansion
L.A. Live/Staples ownerAnschutz Entertainment Group (AEG) is planning a $500-million expansion of the J.W. Marriott/Ritz-Carlton hotel downtown that will add 755 rooms.
Major Golf Acquisitions
Golf Acquisitions for 2014 may signal bullish outlook on the value of golf courses.
Make Way For Hospitality’s Deskless Employee
As hospitality businesses struggle to create operational efficiencies, many look to tech to help hotel staff ditch the desk.
Marriott Ends its 24-hour Cancellation Policy
Marriott International's 24-hour cancellation policy is coming to an end. The company is mandating 48-hour notice on all future cancelled reservations, or guests will be on the hook for a fee equal to one night’s stay. The company’s cancellation policy has been toyed with over the last few years, with hotels gradually stepping away from their previously forgiving cancellation policies in favor of something more in line with the airline industry.
Marriott International’s Millennial-Geared Flags Coming to Midtown Tampa
Bromley Companies and Concord Hospitality Partner to Develop A loft and Element Dual-Branded Hotel. The 7-story property was just announced today by Bromley Companies. Partnering with Concord Hospitality, an award-winning hotel manager and developer, the boutique hotel will share 226 rooms, a rooftop terrace lounge and poolside Florida vibe for a lofty, change-in-latitude experience unlike any other in Tampa Bay.
Marriott Opens World's Largest Residence Inn Downtown Calgary
Brand Pays Homage to Calgary’s Western History with New Calgary Downtown / Beltline District Property That Provides Travelers the Opportunity to Maintain their Life on the Road.
Marriott to Use Facial Recognition for Check-in
The joint venture of Alibaba Group and Marriott International has announced the hotel chain’s facial recognition check-in pilot with Fliggy, Alibaba’s travel service platform.
Meliá Hotels come to Albania
Thanks to new measures taken by Albania to stimulate inbound travel, Meliá aims to leverage the exciting opportunities for hotel development with a benchmark hotel for international travel in the Albanian capital, applying all of its experience in pioneering destinations and its international brand recognition in the Mediterranean.
Microtel by Wyndham - Newest Prototype
Microtel by Wyndham, the economy hotel brand under Wyndham Hotels & Resorts (NYSE: WH), today unveiled its newest prototype, a reimagined interior and exterior concept designed to elevate the brand, reduce building costs, optimize efficiencies and drive greater returns for developers. The prototype is the first step of Wyndham's overarching new construction growth strategy focused on delivering long-term value and quality for owners.
Millennial Travelers
Prime Sites USA develops, sells and manages franchise hotels, condo hotels, boutique resorts, co-living resort properties and golf courses in the USA, Florida and Costa Rica. Modern Day Travelers Book Destinations Based On Social Media, Travel Review Sites and In-Person Conversations
Millennials Just Want To Have Fun
Millennials to Brands: Make Loyalty Programs Fun, and Save Us Some Money, Too!
Montage Reorganizes Under New Parent Company Hotel Brand
Montage Hotels & Resorts has announced the creation of a new parent company brand, Montage International, to encompass the company's portfolio including: Montage Hotels & Resorts, Pendry Hotels, Montage Residences and all other operations previously managed under the Montage Hotels & Resorts brand name
Mövenpick signs sixth property in Da Nang, Vietnam
Situated in the coastal city of Da Nang, the new property involves a partnership with Vicoland Group Joint Stock Company to build a 150-room hotel and 354 branded residences, which are scheduled to open in quarter three of 2019.
Improving the Guest Experience at Resorts - Next Generation Wearable Technology
GuestbandⓇ announces the launch of its new service for hotels and resorts around the world. Through the use of next generation wearable technology, holidaymakers can now create a tapestry of interactions during their vacation that lead to better experiences and give resort owners valuable insights into the use of their facilities.
Renaissance Hotel Breaks Ground in Plano, Texas
Part of the new 250-acre Legacy West master development, the 15-story, 304-guestroom hotel will feature a modern, upscale design. A groundbreaking ceremony on Tuesday, September 1, 2015, marked the start of construction on a new Renaissance Hotel in Plano, Texas.