Extended Stay America | June 18, 2019
Charlotte, NC, June 18, 2019 — Extended Stay America, Inc. (NASDAQ:STAY) announced today the “topping off” of its new hotel in Gibsonton - Riverview, Florida, signifying the final beam has been placed and that the structural framework is complete. The 124-room Extended Stay America Tampa-Gibsonton- Riverview will open in the Fall of 2019 and is part of the company’s ongoing strategy to extensively grow its portfolio of hotels through development and franchising. Extended Stay America continues to seek new properties throughout the United States. “This is a great location for our first new prototype hotel in 13 years that falls...
CBRE Group, Inc. | October 18, 2017
Zika, Exchange Rates and New Supply Impact Performance October 18, 2017, Atlanta, Ga. – CBRE Hotels Americas Research announced that the average Caribbean hotel in its survey sample suffered a 4.7 percent decrease in gross operating profit (GOP) during 2016, according to its newly released twelfth edition of Caribbean Trends® in the Hotel Industry. This decline in profitability follows four consecutive years of double-digit increases in GOP. The decline in the bottom-line starts with the falloff in top line revenue. During 2016, occupancy for the Trends® sample declined by 2.8 percent, along with a 0.2 percent decrease in ...
CBRE Group, Inc. | December 14, 2016
New York – December 14, 2016 – In 2015, hotel spa department revenue grew at a faster pace compared to other sources of hotel revenue. According to the recently released 2016 edition of Trends® in the Hotel Spa Industry, U.S. hotel spa departments were able to increase their revenue by 5.6 percent from 2014 to 2015. This compares favorably to a 3.3 percent rise in rooms revenue for the properties in the survey sample, and a 5.5 percent increase in total hotel revenue. This is the first time since the 2007 edition of the publication that spa revenue growth surpassed rooms revenue growth. "CBRE Hotels' Americas Research is...
AKA Debuts in Boston With the Opening of Hotel AKA Back Bay
Todd Turner Named Chief Executive Officer of OTO Development
YOTEL Washington DC Appoints Fathi Sarsouri as Director of Food and Beverage
Centara Appoints Metta Boonyaritipong as Opening General Manager for Centra by Centara Hotel Bangkok Phra Nakhon
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