News

Stay up to date with the latest news about commercial real estate, business opportunities, and trending topics for investors.

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

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.

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

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

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.