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Minor Hotels is set to open its Avani apartment brand in two more Australian cities on the back of strong demand in the extended-stay segment. The post Avani expands Australian network in two capital cities appeared first on Hotel Management.

3 months, 3 weeks ago

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STR projects average daily rate between $520 and $540 for Super Bowl weekend in Miami in 2020.

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It’s no secret that revenue is every hotelier’s ultimate goal. Nor should it be shameful or kept behind closed doors - it’s a business, after all, and we’re in it for profit. However, the fact that hospitality is one of the most people-centric fields of business is something that…

20 hrs, 57 mins ago

Azerai Ke Ga Bay, a luxurious and secluded oceanfront retreat in southeastern Vietnam, is set to launch in early 2020 as the third property in Azerai Resorts' growing portfolio.

21 hrs, 1 min ago

Located at 411 SE 123rd Avenue, the all-suite Residence Inn Portland Vancouver will operate as a Marriott franchise, owned by Evergreen Hospitality Development Group and managed by Evergreen Hospitality Management of Battle Ground, Washington.

21 hrs, 12 mins ago

In our most recent review, we found that equity yield rates, on average, have shown a continued trend of decline in the full-service and luxury hotels sector, as well as the lower-tier limited-service sector, with the select-service and upscale limited-service sector showing stability.

21 hrs, 17 mins ago

DoubleTree by Hilton Celaya provides travelers with a convenient location less than 50 miles from Querétaro Intercontinental Airport.

21 hrs, 25 mins ago

Four Seasons Hotels and Resorts together with developers Carpenter & Company Inc. and Woodward Interests, LLC will open a luxury hotel and Private Residences in downtown New Orleans in late 2020. The property is owned by Two Canal Owner LLC, in which both developers are partners.

21 hrs, 35 mins ago

The sales price, inclusive of buyer's estimated anticipated capex of $2.5 million, represents a trailing twelve-month cap rate of 5.9% on net operating income and a 14.3x Hotel EBITDA multiple as of October 31, 2019.

22 hrs, 6 mins ago

CBRE Hotels confirm their exclusive appointment to offer the Paramount Hotel, Parliament Street, Temple Bar, Dublin 2 to the market. The high profile existing hotel, currently with 66 bedrooms and the potential to increase to 130 bedrooms is offered for sale by private treaty with offers in excess of…

22 hrs, 12 mins ago

If travel plays its cards right, it will harness the acceleration of AI to achieve an end-to-end customer experience, direct revenue and a reawakening of loyalty.

22 hrs, 20 mins ago