Each year, HVS researches and compiles development costs from our database of actual hotel construction budgets. This source now provides the basis for our illustrated total development costs per room/per product type.
Posted on: 21 March 2019 | 12:34 pm
The Board of Directors of Marriott International, Inc. (NASDAQ: MAR) said today it has appointed Margaret M. McCarthy, Executive Vice President at CVS Health Corporation, as an independent director of the company, effective March 19, 2019. Ms. McCarthy will also be included in the company's slate of nominees for election at Marriott's upcoming 2019 Annual Meeting of Stockholders.
Posted on: 21 March 2019 | 12:21 pm
The Fairmont Copley Plaza has been a landmark in Boston's historic Back Bay since 1912. Constructed on the original site of Boston's Museum of Fine Arts, the hotel derives its name from the great American painter John Singleton Copley (1738-1774).
Posted on: 21 March 2019 | 12:17 pm
The complex is strategically located in the heart of one of the most sought-after areas in the city with easy access to key embassies and major corporate headquarters, just a 30-minute drive from King Khalid International Airport.
Posted on: 21 March 2019 | 12:14 pm
InterContinental Hotels Group (IHG) announces the opening of the InterContinental Houston - Medical Center. Developed by Medistar Corporation, the 354-room luxury hotel is located next to the Texas Medical Center, the world's largest medical complex.
Posted on: 21 March 2019 | 12:09 pm
Are you looking for a mentor or would you perhaps be interested in being one yourself? Join HSMAI for a live video webcast with hotel icon Mike Levin and Cendyn co-founder Robin Deyo as they discuss the organizations mentorship program.
Posted on: 21 March 2019 | 12:04 pm
More than 1,500 hotel guests were secretly filmed with footage of them live-streamed to the internet, according to police in South Korea.
Posted on: 21 March 2019 | 11:59 am
The U.S. hotel industry reported occupancy dropped 0.9% to 70.2% during the week of 10-16 March. ADR rose 0.6% to $134.50, but RevPAR decreased 0.3% to $94.40.
Posted on: 21 March 2019 | 11:57 am
Choice Hotels International, Inc. (NYSE: CHH) inked agreements with Koucar Management to develop new Cambria hotels in Detroit and Portland, Maine. The hotels are slated to open in 2020 and 2021, respectively.
Posted on: 21 March 2019 | 11:55 am
The Canadian hotel industry reported occupancy fell 3.6% to 60.9% during the week of 11-17 March, while ADR was down 1.4% to 144.12 Canadian dollars ($107.91), and RevPAR declined 4.9% to CA$87.75 ($65.70).
Posted on: 21 March 2019 | 11:50 am
According to preliminary February 2019 data from STR, Abu Dhabi hotels reported occupancy dipped 1.9% to 79.2%, but a 31.6% ADR boost to 565.07 Emirati dirhams ($153.87) drove RevPAR up 29.1% to 447.46 dirhams ($121.84).
Posted on: 21 March 2019 | 11:46 am
Clarion Hotel The Hub in Oslo Features 810 Rooms
Posted on: 21 March 2019 | 11:42 am
March 27th free educational webinar to explore the hot topic of SMS Risks and Compliance for Messaging to Casino Resort Guests
Posted on: 21 March 2019 | 11:29 am
The hospitality group Louis T Collection is expanding its building solutions arm this month with the appointment of Scott Reid as project manager. The Brit brings with him over 20 years of experience in the construction industry and joins the company in the midst of a major renovation and repositioning of Louis T's first Australian property.
Posted on: 20 March 2019 | 3:10 pm
London hoteliers reported occupancy rose 0.6% to 78%, ADR increased 1.1% to £133.52 ($175.92) and RevPAR rose 1.7% to £104.14 ($137.21) in February, according to preliminary monthly data from STR.
Posted on: 20 March 2019 | 3:07 pm