Summit Hotel Properties Acquires Residence Inn Scottsdale North for $29 Million
Summit Hotel Properties | June 5, 2023
AUSTIN, Texas, June 5, 2023-- Summit Hotel Properties, Inc. (NYSE: INN) (the "Company") today announced that it has completed the acquisition of the 120-guestroom Residence Inn Scottsdale North for $29.0 million through its joint venture with GIC. Additionally, the Company is providing an update on previously announced disposition activity. Residence Inn Scottsdale North Acquired for $29.0 Million On June 1, 2023, the Company completed the acquisition of the 120-guestroom Residence Inn Scottsdale North ("Hotel") for $29.0 million through its joint venture with GIC. Located in Phoenix's high growth affluent North Scottsdale s...
The Mermoon Resort Hainan Tufu Bay, Tapestry Collection by Hilton Debuts in China
Hilton | June 5, 2023
HAINAN, China – Hilton (NYSE: HLT) today announced the opening of The Mermoon Resort Hainan Tufu Bay, Tapestry Collection by Hilton, marking the entry of Hilton's lifestyle brand into the unique vacation destination of Hainan Island, China’s southernmost point. Inspired by a romantic local fishing legend, the hotel combines the island’s fishing village culture and the natural beauty of Tufu Bay to create a modern tranquil paradise that enables travelers to explore and immerse themselves in a tropical paradise. The resort is owned by China Energy Construction Group Co., Ltd. and managed by Hilton. The resort’s design is rooted in a...
Iconic InterContinental Bangkok Reopens Following Multimillion-Dollar Renovation
IHG Hotels & Resorts | June 5, 2023
5th June, 2023, Bangkok, Thailand: The world’s first and largest luxury hotel brand, InterContinental Hotels & Resorts, has officially reopened InterContinental Bangkok, known as the city’s most iconic five-star luxury hotel located in the heart of Bangkok, after a multimillion-dollar renovation and spectacular makeover. Located in Bangkok’s Central Business District directly adjacent to the BTS Chidlom Skytrain, InterContinental Bangkok is at walking distance to the capital’s main lifestyle shopping locations and major business addresses. For two decades, the hotel has been part of the city of angels’ landscape, and ...
Marriott International Announces Plans to Expand in Affordable Midscale Segment With New Extended Stay Lodging Brand
Marriott International | June 5, 2023
Marriott International, Inc. (Nasdaq:MAR) announced today, in connection with the 2023 NYU International Hospitality Industry Investment Conference, its plans to further expand in the affordable midscale lodging segment, following its recent entry into the segment with City Express by Marriott in Latin America. Consistent with the company’s approach to meeting the needs of guests with regionally relevant lodging products for every stay purpose, Marriott is announcing its plans to launch a new brand, which has not yet been named, but is currently being referred to as Project MidX Studios. The affordable midscale extended stay brand is intend...
Vector Hospitality to Develop AC Hotel by Marriott and Tempo by Hilton in Downtown Knoxville
AC Hotels by Marriott | June 5, 2023
ATLANTA, GA JUNE 5, 2023 — Vector Hospitality, Inc., an Atlanta based hotel developer, is thrilled to announce its plans to develop two hotels, an AC Hotel by Marriott and Tempo by Hilton containing a spacious 275-space parking deck, totaling 337 rooms, in the vibrant heart of Downtown Knoxville. These ventures mark a significant milestone in the company’s growth and reflect Vector’s unwavering commitment to fueling economic growth and enriching the hospitality landscape within its cities. The decision to develop these projects stems from Vector’s vision of creating thoughtfully designed spaces that offer inviting ambiances with co...
Rockbridge and Makeready Open The Junto in Columbus, Ohio
The Junto | June 5, 2023
Columbus, Ohio, June 5, 2023 – Rockbridge and Makeready announce the grand opening of The Junto. The highly anticipated independent lifestyle hotel promises to be a dynamic hub to bring people together within the Columbus community. Nestled ‘a little west’ of downtown and steps away from Franklinton, known for its flourishing art scene, and rich historical heritage, The Junto elevates the city's innovative spirit to new heights. "I am incredibly proud and humbled to bring The Junto to Columbus," said Jimmy Merkel, Rockbridge CEO and Founder of Makeready. “Having witnessed the remarkable growth and potential of this city, we wa...
SureStay Plus by Best Western Calgary South East Makes Its Debut in Alberta
BWH Hotels | June 5, 2023
Calgary, Alberta (June 5, 2023) The SureStay Plus by Best Western Calgary South East has opened its doors in Calgary, Alberta, and invites travelers to experience one of the newest hotel brands in the industry – SureStay®Hotels, comprised of four distinctive brands offering traditional and longer stay travelers’ comfort and value while away from home. The SureStay Plus by Best Western Calgary South East will provide visitors with an experience they can count on and the amenities today’s travelers have come to expect. SureStay’s service promise reflects the brand and the hotel’s commitment to providin...
February 2023 Total International Travel Volume To and From the United States
International Trade Administration | June 5, 2023
International Visitor Arrivals to the United States Totaled 4,116,450, an Increase of 82.6% Compared to February 2022 Outbound Travel Departures from the United States by U.S. Citizens Totaled 6,169,371 in February 2023, an Increase of 46% Compared to February 2022 Data recently released by the National Travel and Tourism Office (NTTO) show that in February 2023: International Arrivals to the United States Total non-U.S. resident international visitor volume to the United States of 4,116,450, increased 82.6% compared to February 2022 and represents 80.8% of the pre-COVID total visitor volume reported for February 2019, down from...
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