Today's News

Demolition Delays Threatens Permit to Rebuild the Shuttered Coco Palms Hotel on Kauai

Demolition Delays Threatens Permit to Rebuild the Shuttered Coco Palms Hotel on Kauai

Rosemarie Bernardo | The Honolulu Star-Advertiser | February 5, 2016

Feb. 05--Developers committed to rebuilding the shuttered Coco Palms Hotel on Kauai are at risk of having their redevelopment permits revoked because of a lag...

Dayton, Ohio in the Middle of a Hotel Building Binge

Dayton, Ohio in the Middle of a Hotel Building Binge

Randy Tucker | Dayton Daily News, Ohio | February 5, 2016

Feb. 04--Dayton is in the middle of its biggest hotel-building binge since the late 1990s, as developers rush to accommodate an expected burst of business...

Tropicana Owner, Penn National, Reports a 12.7 percent Net Revenue Growth in 4th Quarter 2015

Tropicana Owner, Penn National, Reports a 12.7 percent Net Revenue Growth in 4th Quarter 2015

J.D. Morris | Las Vegas Sun | February 5, 2016

Feb. 04--Penn National Gaming, the company that runs the Tropicana and M Resort in Henderson, reported its fourth-quarter and full-year earnings today....

Senator Claire McCaskill of Missouri Targeting ‘Deceptive’ Hotel Fees

Senator Claire McCaskill of Missouri Targeting ‘Deceptive’ Hotel Fees

Ken Newton | St. Joseph News-Press, Mo. | February 5, 2016

Feb. 05--Surprises often greet vacationers: sunburns, stormy weather, rental-car flat tires. But a Missouri lawmaker wants to make sure unexpected fees added...

Talk of the Town Lasting More than 30-Years Could Result in a Downtown Beaumont, TX Hotel

Talk of the Town Lasting More than 30-Years Could Result in a Downtown Beaumont, TX Hotel

Dan Wallach | The Beaumont Enterprise, Texas | February 5, 2016

Feb. 05--The rising sun lights up the Neches River at Riverfront Park, but few ever see those sparkles on the breeze-blown water. The talk of the town --...

Revitalization of the Americus Hotel in Allentown, PA Gets a Go-Ahead from ANIZDA - Sort Of

Revitalization of the Americus Hotel in Allentown, PA Gets a Go-Ahead from ANIZDA - Sort Of

Matt Assad | The Morning Call (Allentown, Pa.) | February 5, 2016

Feb. 04--ALLENTOWN -- The Americus Center hotel cannot be brought back to its luxurious heyday for $15.7 million, but it can be turned into a viable hotel...

In 2016, Average Daily Rate Reluctantly Takes the Driver’s Seat According to Updated Lodging Forecast

In 2016, Average Daily Rate Reluctantly Takes the Driver’s Seat According to Updated Lodging Forecast

February 4, 2016

NEW YORK, February 4, 2016 – An updated lodging forecast released today by PwC US expects revenue per available room (“RevPAR”) growth in...

Four Seasons, Alcion Ventures and Bald Mountain Development to Develop Luxury Resort and Residences in Napa Valley

Four Seasons, Alcion Ventures and Bald Mountain Development to Develop Luxury Resort and Residences in Napa Valley

February 4, 2016

TORONTO – February 4, 2016 – Four Seasons Hotels and Resorts, the world’s leading luxury hospitality company, Alcion Ventures, and Bald...

HRI Properties Planning Conversion of Philadelphia’s Liberty Title & Trust Building Into a 179-room Aloft Hotel

HRI Properties Planning Conversion of Philadelphia’s Liberty Title & Trust Building Into a 179-room Aloft Hotel

Jacob Adelman | The Philadelphia Inquirer | February 4, 2016

Feb. 04--Realen Properties of Berwyn is teaming up with a New Orleans developer that specializes in renovating historic structures to convert the Liberty...

CAI Investments Signs Deal to Develop an $18 million Starwood Branded 125-room Hotel Near Las Vegas Motor Speedway

CAI Investments Signs Deal to Develop an $18 million Starwood Branded 125-room Hotel Near Las Vegas Motor Speedway

J.D. Morris | Las Vegas Sun | February 4, 2016

Feb. 04--A Las Vegas company announced plans today to develop a 125-room hotel by the Las Vegas Motor Speedway. CAI Investments said it has signed a deal for...

Franz J. Estermann Named Executive Chef at Vana Belle Resort and Sheraton Samui Resort

Franz J. Estermann Named Executive Chef at Vana Belle Resort and Sheraton Samui Resort

February 8, 2016

Koh Samui, Thailand, February 08, 2016 -- Vana Belle, a Luxury Collection Resort, Koh Samui and Sheraton Samui Resort are pleased to announce the appointment...

Sugar Bay Resort and Spa in St. Thomas Completes $20 Million Renovation

Sugar Bay Resort and Spa in St. Thomas Completes $20 Million Renovation

February 8, 2016

ST. THOMAS, USVI -- Sugar Bay Resort and Spa today announced the completion of a $20 million campaign to update and renovate guest rooms, public areas, and...

U.S. Travel Campaign Highlights Economic Impact of Presidential Primaries

U.S. Travel Campaign Highlights Economic Impact of Presidential Primaries

February 8, 2016

Evidence of Politics-Related Travel Surge Gives Rise to "Bloviating About Jobs Actually Creates Them" Ad Campaign WASHINGTON (February 8,...

Hospitality Funding Arranges $6.175 Million Acquisition Loan for Bonita Springs Hotel

Hospitality Funding Arranges $6.175 Million Acquisition Loan for Bonita Springs Hotel

February 8, 2016

Firm secures attractive financing terms on 10-year mortgage Bonita Springs and Palm Beach, Fla. – (Feb. 8, 2016) — Hospitality Funding, a Palm...

Hotel Lenders Tightening the Screws

Hotel Lenders Tightening the Screws

February 8, 2016

Fitch Ratings-New York-08 February 2016: Hotel owners will encounter a more challenging debt financing environment during 2016 as lenders respond to the broad...

Splendid Hospitality Group Acquires the Mercure Bristol Brigstow Hotel in Southwest England

Splendid Hospitality Group Acquires the Mercure Bristol Brigstow Hotel in Southwest England

February 8, 2016

The Splendid Hospitality Group has acquired its first property in the South West - the Mercure Bristol Brigstow Hotel. Stuart Bailey, CEO for Splendid...

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