How Essex plans to double its hotel management portfolio in the next 5 years
The hotel operator is looking to new tech, staying hands-on to fuel its growth
ATLANTA — Essex Hotel Management is on a mission to double its portfolio, fueled by a marketing refresh, newer technologies and a bet on its boutique, hands-on approach.
5 things to know for March 26
Today's headlines: US consumer confidence falls in fourth consecutive month; AccorInvest reports positive updates in earnings call; Main Street investors see opportunities in current economic conditions; Phishing scammers target hotels with fake Booking.com emails; Thousands evacuate to escape wildfires in South Korea
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First Texas Waldorf Astoria to open in 2027
Dual hotel, residences concept to debut in growing Hill Country market
Texas will soon be home to its first Waldorf Astoria Hotels & Resorts location thanks to a collaborative partnership.
EnerSys lease sets up Springfield, Missouri, as strategic manufacturing and distribution hub
Lease of the year for Springfield
EnerSys, a publicly traded company specializing in stored energy solutions, has secured its fourth location in Springfield, Missouri.
Office park in Missouri gains healthcare provider, keeps national banker following sale
Sale/acquisition of the year for Springfield
Springfield, Missouri's largest privately held office building has changed hands in one of the biggest sales in the area recently.
Former chocolate factory smoothly transitions into community hub
Lease of the year for Philadelphia
A long-vacant, three-story chocolate factory in the Frankford neighborhood of Philadelphia has been transformed into a sweet new community hub.
Bitcoin buoys refinancing of multi-purpose property in $12.9 million deal
Multifamily development of the year for Philadelphia
A multifamily property in Philadelphia's Old City neighborhood was refinanced and funded for some needed renovations thanks to a new platform built on Bitcoin.
Historic hotel repurposed for urban luxury living
Redevelopment of the year for Philadelphia
A historic hotel in the heart of downtown Philadelphia has a new life as a luxury residential building.
Dual industrial building redevelopment to bring jobs to Delaware River community
Commercial development of the year for Philadelphia
A former power plant has been redeveloped into a logistics hub next to the Delaware Memorial Bridge and is expected to bring hundreds of new jobs to the area.
Historic steel building transforms into new community-focused facility
Sale of the year for Philadelphia
A real estate team in Philadelphia helped to give new life to a historic building that used to house a once-thriving industrial powerhouse.
Tech experts, hoteliers press for wider adoption of artificial intelligence in hospitality
Owners, operators look to brands to lead AI 'mindset shift'
ATLANTA — With artificial intelligence technology only growing in popularity and proficiency, hoteliers say the industry must come to terms with how best to use it and — more impor...
Economy stands center stage for hospitality industry with conflicting outlooks
Hotel owners with development projects should budget for tariffs
ATLANTA — On the second day of the Hunter Hotel Investment Conference, experts presented contrasting thoughts on where the United States economy is, how external factors are affect...
Hotel executives preach patience as industry braces for volatility
US policy changes headline uncertainty as hoteliers consider possibility of recession
ATLANTA — Hotel transactions pace remains mostly inert. Trade wars could threaten international inbound travel demand to the U.S. And now thought leaders in the hotel industry aren...
5 things to know for March 14
Today's headlines: UK economy sees slight dip to start the year; Proposed alcohol tariffs would hit US wine business hard; Group demand to grow in 2025, experts say; Spirit Airlines emerges from bankruptcy; Father-son dispute at Singaporean real estate company resolves
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5 things to know for March 13
Today's headlines: Unemployment claims dip slightly in US; Hostility between US, Canada to affect travel between countries; Austin's convention center project to disrupt growing hospitality market, annual SXSW festival; Latest hotel data sees mixed year-over-year changes; Reality TV star takes on Las Vegas with hotel redesign
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Major convention center renovations to bring changes to Austin hoteliers amid SXSW and beyond
A 3-year construction project will call for hotels to step up during the annual festival
Big changes are brewing in Austin, Texas, in ways that will challenge hoteliers in the region over the next few years. However, hotels also will have new opportunities to grab busi...
5 things to know for March 12
Today's headlines: International parties respond to US metals tariff; Inflation cools slightly in February; Airline CEOs predict slower domestic travel; Hotel operators, owners call for better alignment with brands on renovations; Cruise lines sail toward more on-shore developments
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5 things to know for March 11
Top headlines: Stock market plummets, posts worst day of the year; Canadian province applies tax on electricity imported to US; Extended Stay America eyes growth by conversions this year; Sonesta to erect supertall condo-hotel in Miami; Southwest Airlines changes another one of its hallmark offerings
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5 things to know for March 10
Today’s headlines: China's tariffs on US take effect; Canada elects new leader concerned with US relations; Hotel operator launches new venture to support third-party renovations; German airport workers' strike disrupts flights; Americans opt for domestic travel spots in lieu of European trips
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Hotel brands predict steady revenue, rooms growth in 2025 outlook
Execs point to promising progress in business, leisure travel
Encouraged by full-year and fourth-quarter results, hotel brands are expecting this year to show steady growth.