by Timm Hotel | Aug 11, 2022 | Uncategorized
With the close of this transaction, Choice Hotels International has added approximately 67,000 rooms, expanding its presence in the higher revenue upper upscale and upscale full-service segments, and bolstering its core upper-midscale hospitality segment, particularly...
by Timm Hotel | Dec 30, 2021 | Hotel Industry News
The future of hospitality: 2021 and beyond The pandemic in 2020 affected the hospitality industry severely—as we have never seen before. The effects have been even greater than what we saw in 2001 and 2008. This mega-event has shaken all our assumptions about...
by Timm Hotel | Nov 9, 2021 | Hotel Industry News
Wave of High-Priced Transactions Boosts Attractiveness of Construction Financing While lending for new U.S. hotel development lags behind loans for transactions and refinancing deals, the segment is making its return. Sources of capital have been wary of investing in...
by Timm Hotel | Aug 3, 2021 | Hotel Industry News
Gross operating profit for U.S. hotels improved to 84 percent of the comparable 2019 level, according to STR’s June 2021 profit and loss data release. Labor costs also rose from the previous month and in comparison with 2019. Each of the key profitability...
by Timm Hotel | Jun 4, 2021 | Hotel Industry News
Wyndham Hotels & Resorts has unveiled its 21st brand, Registry Collection Hotels, adding a luxury offering to the upper end of the company’s growing portfolio. The brand’s flagship resort is the 144-room, all-suite Grand Residences Riviera Cancun in Mexico. The...
