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John Wessman, Currently Converting Two Memphis Properties into Boutique Hotels, Accused of Bribing Former Palm Springs, California Mayor Steve Pougnet

John Wessman, Currently Converting Two Memphis Properties into Boutique Hotels, Accused of Bribing Former Palm Springs, California Mayor Steve Pougnet

Wayne Risher | The Commercial Appeal, Memphis, Tenn. | February 17, 2017

Feb. 16--The real estate developer behind two boutique hotels in Memphis has been accused of bribing the mayor of Palm Springs, California. The Riverside...

Record $192 Million Daytona Beach Convention Hotel & Condominiums Breaks Ground in Daytona, Florida

Record $192 Million Daytona Beach Convention Hotel & Condominiums Breaks Ground in Daytona, Florida

Clayton Park | The News-Journal, Daytona Beach, Fla. | February 17, 2017

Feb. 16--DAYTONA BEACH -- The most expensive oceanfront project undertaken in the history of Daytona Beach finally broke ground on Thursday, ending a six-year...

Court Upholds Dismissal of New Orleans World Trade Center Development Lawsuit

Court Upholds Dismissal of New Orleans World Trade Center Development Lawsuit

Katherine Sayre | NOLA Media Group, New Orleans | February 17, 2017

Feb. 15--A Louisiana appeal court has upheld the dismissal of a lawsuit over the city's lease of the World Trade Center building to a Four Seasons...

All Signs Point to Ellicott Development Developing a Fairfield Inn & Suites in Amherst, NY

All Signs Point to Ellicott Development Developing a Fairfield Inn & Suites in Amherst, NY

Stephen T. Watson | The Buffalo News, N.Y. | February 17, 2017

Feb. 17--A four-story, 107-room hotel planned for Rensch Road near the University at Buffalo North Campus cleared its last hurdle Thursday night when the...

Record-Breaking 112.8 Million Tourists Visited Florida in 2016

Record-Breaking 112.8 Million Tourists Visited Florida in 2016

Jennifer Sorentrue | The Palm Beach Post, Fla. | February 17, 2017

Feb. 16--A record-breaking 112.8 million tourists visited Florida in 2016, up 5.9 percent over 2015's level, Gov. Rick Scott announced Thursday. The...

Hotels Give To Get: An Analysis of Complimentary Services and Rooms

Hotels Give To Get: An Analysis of Complimentary Services and Rooms

February 16, 2017

By Robert Mandelbaum and Viet Vo The offering of complimentary services and amenities by U.S. hotels is on the rise.  From 2007 to 2015, hotel...

Marriott International Reports Q4 Net Income of $244 million, a 21% Increase Over Prior Year; Constant Dollar RevPAR Grew 0.8% in Q4 and 1.8% for the Full Year

Marriott International Reports Q4 Net Income of $244 million, a 21% Increase Over Prior Year; Constant Dollar RevPAR Grew 0.8% in Q4 and 1.8% for the Full Year

February 16, 2017

Fourth quarter reported diluted EPS totaled $0.62, a 19 percent decrease over prior year results. Fourth quarter adjusted diluted EPS totaled $0.85, a 20...

Hyatt Reports Q4 2016 Net Income of $41 million Compared to $37 million in Q4 2015; U.S. and Systemwide Comparable RevPAR Increased 2.4% and 2.0 %

Hyatt Reports Q4 2016 Net Income of $41 million Compared to $37 million in Q4 2015; U.S. and Systemwide Comparable RevPAR Increased 2.4% and 2.0 %

February 16, 2017

Hyatt Hotels Corporation expects a relatively flat 2017, with revenue per available room projected to grow 2% or less year over year. CHICAGO...

MGM Resorts International Reports a 17% Net Revenue Increase for Q4 2016 and 3% RevPAR Growth

MGM Resorts International Reports a 17% Net Revenue Increase for Q4 2016 and 3% RevPAR Growth

February 16, 2017

RevPAR increased 6% for full-year 2016 with net revenues of $9.5 billion for the year. LAS VEGAS, Feb. 16, 2017-- MGM Resorts International (NYSE: MGM)...

Choice Hotels Reports Q4 Net Income of $31.8 million and $139.4 million for Full Year; Q4 Domestic RevPAR Increased 5%

Choice Hotels Reports Q4 Net Income of $31.8 million and $139.4 million for Full Year; Q4 Domestic RevPAR Increased 5%

February 16, 2017

ROCKVILLE, Md., Feb. 15, 2017  -- Choice Hotels International, Inc. (NYSE: CHH) today reported its results for the three months and...

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