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April 17, 2025
First-quarter hotel room openings increase by 3,000 rooms from last year
The room count of U.S. hotels in construction in the first quarter continued to slow, down to just under 145,000 rooms from the prior high of around 214,000 rooms in 2020. The number of hotel rooms opening in the first quarter bottomed out in 2023; this year, it grew by around 3,000 rooms, or 17%, from the first quarter of 2024.
April 17, 2025
Colorado hotel sales climb, yet the market still trails long-term trends
In the first quarter of 2025, roughly $162 million across 14 hotel properties traded in the three Colorado markets, an increase of over 70% compared to the prior year. Still, this was the second-lowest quarterly volume recorded in the region in recent years and significantly lower than the 10-year market average of about 22 trades and $241 million for first-quarter sales.
April 17, 2025
San Francisco hotels post All-Star first quarter
San Francisco’s hotel market saw a notable revival in the first quarter of 2025. The improved performance was bolstered by marquee events like the J.P. Morgan Healthcare Conference (Jan. 13–16), the city’s first-ever hosting of the NBA All-Star Weekend (Feb. 14-16) and a shift in the Easter holiday driving strong year-over-year gains in all metrics.
April 17, 2025
Bali’s hotels and tourism focus on sustainability, cultural preservation
Inbound demand skyrocketed in Bali this past year, leading to an uptick in hotel development interest from investors.
April 17, 2025
Accor focuses on domestic hotel demand throughout Europe as international feeder markets shift
BERLIN — Accor's development leader in Europe and North Africa sees runway for hotel development in the region as brand-owner relations improve and travel demand is on the rise.
April 17, 2025
Asset managers keep a close eye on uncertain hotel demand
CAMBRIDGE, Mass. — Uncertainty causes people and businesses to pause.
April 16, 2025
CoStar World News for April 17
April 16, 2025
How IHG Hotels & Resorts plans to scale Ruby, Garner brands across Europe
BERLIN — Acquiring Ruby Hotels earlier this year has been a bit of a milestone for IHG Hotels & Resorts.
April 16, 2025
Why economic uncertainty breeds 'hesitation' in all corners of the hotel industry
For more than 25 years, Vision Hospitality Group, a hotel management and development company based in Tennessee, has been building hotels, weathering its fair share of storms amid changing market conditions.
April 16, 2025
US inbound international travel takes 12% hit as economists postpone pre-pandemic recovery to 2029
Whatever hopes the travel industry had in a full recovery to 2019 levels of travel bookings this year have officially been dashed, according to one economist.
April 15, 2025
March passenger counts from four main Canadian airports to the US declined 7.1%
According to the U.S. Department of Commerce, the number of Canadian air passengers to the U.S. dropped by 6.6% in March, and the passenger count from the main four airports dropped by 7.1%.
April 15, 2025
L'îlot Chirac leaves family ownership for €165m
With a LinkedIn post of just over 400 words,Éric Sitruk, CEO of the Pierre Rénovation Tradition group, today put an end to a soap opera that has been going on for over ten years: the sale of theîlot Chirac, formerly known as îlot Branly. A residential complex comprising four buildings and an inner courtyard, located just a stone's throw from the Eiffel Tower.
April 15, 2025
Renovations revive 114-year-old Grand Galvez, signaling new era
An over 100-year-old hotel referred to as the “Queen of the Gulf” has never had more of its original splendor than now thanks to its current ownership — so much so that it had Hollywood calling.
April 15, 2025
Hotel asset managers seek revenue growth, cost savings to counter effects of tariffs
CAMBRIDGE, Mass. — Tariffs are among the chief concerns held by hotel asset managers across the U.S.
April 14, 2025
Hospitality REIT offloads luxury Dallas hotel at a premium
A hospitality real estate investment trust sold one of its Dallas hotels in a $111 million deal as the company takes a closer look at its balance sheet and considers new purchases.
April 14, 2025
Music festivals a boon to Florida hotel demand
Leisure travel has evolved in recent years. Traditionally, visitors seek a destination due to its natural beauty, landmark attractions or unique activities. More recently, event-based leisure travel has been gaining momentum.
April 14, 2025
Pacific Northwest hotel sales plummet to a decade low
In the first quarter of 2025, roughly $109 millionacross 23 hotel assets traded in the four Pacific Northwest markets, a 60% decrease in sales compared to the same period in the prior year.
April 14, 2025
CBRE hires Eastdil broker to chase logistics deals; Gencom adds executive for Caribbean growth; Walker & Dunlop picks veteran to boost data center business
CBRE targets Southern California logistics deals with new hire
April 14, 2025
IHG CEO eyes Europe for consistency, navigates east for hotel growth
BERLIN — The European hotel industry will continue to perform well due to its unique selling points, said Elie Maalouf, CEO of IHG Hotels & Resorts.
April 14, 2025
Evolving extended-stay market leans toward longer booking windows with shorter hotel stays, exec says
ATLANTA — The extended-stay hotel market looks a little different these days.

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