Hospitality
Top stories summarized by our editors
6/23/2017

American Hotel Income Properties, a Canadian real estate investment trust, said it is closing on the purchase of 18 Hilton Worldwide and Marriott International hotels for around $407.4 million. AHIP will own 113 hotels in 33 states once the acquisition is finalized.

6/23/2017

The hotel industry in Florida's Palm Beach County showed gains in May over last year for revenue per room, average daily rate and occupancy rate, while counterparts in Miami-Dade and Broward counties were off slightly, according to hotel data firm STR. Broward's dip was attributed to high supply and reduced travel from Brazil and Canada.

6/23/2017

Hamister Group has sold the Fairfield Inn and Suites in Smyrna, Tenn., near Nashville. The New York-based hospitality and health company spent more than $1 million on upgrading the 62-room property after acquiring it in 2004.

More Summaries:
Fairfield Inn, Hamister Group
6/23/2017

The new Ritz-Carlton Yacht Collection will feature a trio of vessels now under development, with plans to launch the ships in 2019. The first ship in the fleet will be 623 feet long.

Full Story:
Robb Report
6/23/2017

Marriott is touting its soft brands to attendees of the International Hospitality Investment Conference in New York. Marriott created a pop-up gallery to showcase its Tribute Portfolio, Autograph Collection and Luxury Collection.

Full Story:
Travel Weekly
More Summaries:
Marriott, Luxury Collection
6/23/2017

The Hotel at Avalon, an Autograph Collection property in Alpharetta, Ga., has signed a dozen events expected to bring in $2.5 million.

Full Story:
Patch
More Summaries:
Autograph Collection
6/23/2017

London Marriott Hotel County Hall has hired Kirsty McCabe as its meteorologist in residence to help guests account for weather when making vacation plans and daily itineraries. She will be available 24/7 to provide weather-related advice to guests.

6/23/2017

San Francisco has 4,685 hotel rooms in the pipeline, with occupancy hitting 85.5% last year. Five hotels will open in the city this year.

6/23/2017

The Central Station passenger terminal in Memphis is slated to become a 125-key hotel, with Amtrak expected to remain in the building. The project will cost an estimated $18.5 million.

More Summaries:
Central Station
6/23/2017

The Royal Suites by Palladium, which are all-adult resorts, is being rebranded as TRS Hotels and breaking off from Grand Palladium. The company is renovating properties in Mexico and the Dominican Republic.

Full Story:
TravelPulse
More Summaries:
Palladium Hotels, TRs, Royal Suites