61,450 Manhattan hotel rooms remain closed - 58 per cent of Room Inventory
The COVID-19 pandemic continued to severely impair Manhattan hotels in the second quarter, as travel restrictions and business closures remained the new normal.
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Hotel news in USA (United States of America)
Preferred Hotels & Resorts welcomes 13 new hotels
Preferred Hotels & Resorts has announced 13 new member hotels from May 1 through August 31, 2020. These recent additions mark 39 new member hotels to join the its global portfolio in the first 8 months of the year
United States to lose 155 B from missing international tourists and visitors
A devastating $155 billion looks set to be lost from the U.S. economy due to the collapse of international travel during 2020
Sonesta announces 103 additional hotels
Sonesta International Hotels Corporation is rocketing towards the largest expansion in the history with the addition of 103 properties to its global portfolio of hotels and destinations.
IAC Invests $1 Billion for 12% Stake in MGM Resorts International
IAC has announced its accumulation of a 12% interest in global hospitality and entertainment company MGM Resorts International for an aggregate of approximately $1 billion.
Marriott Q2 2020 results dramatically impacted by the COVID-19
Marriott International has reported second quarter 2020 results, which were dramatically impacted by the COVID-19 global pandemic and efforts to contain it (COVID-19).
Ascend Hotel Collection welcomes new hotels
Ascend Hotel Collection opened the doors to seven hotels in the first half of this year and added 10 to its pipeline. Amidst the current COVID-19 pandemic environment, the upscale brand is continuing to attract increased interest from independent hotel owners and travelers.
Accor intensifies the development of its lifestyle brands
Accor is stepping up its ambition in the lifestyle sector with TRIBE, a rapidly expanding midscale brand, which is exceeding initial expectations and planning to open more than 50 hotels globally.
HTNG and HSMAI Partner to Advance Hospitality Marketing Through Technology
Hospitality Technology Next Generation (HTNG), in partnership with the Hospitality Sales and Marketing Association International (HSMAI), launches a joint initiative to better align marketing and technology disciplines in hospitality organizations.
Travel spending in U.S. to plunge 45% this year
Total travel spending in the U.S. is predicted to drop 45% by the end of this year, spurring renewed calls for federal measures to support the industry that was one of the top U.S. employers and exporters prior to the pandemic.
HVMG Awarded Management of Four Upscale Hotels
Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, has assumed management of a four-hotel portfolio of upper-upscale and upscale independent and Hilton-branded hotels located in Fla., Okla., and Texas.
Royal Caribbean Announces Proposed Offerings Of Senior Guaranteed Notes And Senior Convertible Notes
Royal Caribbean Cruises has announced that it has commenced a private offering of senior guaranteed notes to be issued by the company due 2023 for an aggregate principal amount of up to $1.0 billion and a concurrent private offering of senior convertible notes to be issued by the Company due 2023 for an aggregate principal amount of up to $1.0 billion.
Charlestowne Hotels Inks 10 Hotel Deal with The Thrash Group
Charlestowne Hotels, providing full-service hospitality management, has announced a formal agreement with The Thrash Group, a national hospitality development company, to oversee their entire portfolio of hotels. Under this new agreement, Charlestowne will add ten properties to its portfolio.
Artic acquires Viceroy hotel in Miami
Al Rayyan Tourism Investment Company (ARTIC), the international hotel investment and hospitality subsidiary of Al Faisal Holding Company in Qatar has acquired the Viceroy Miami luxury boutique hotel and will now convert the property into a W hotel to be renamed W Miami.
Ashford Trust announces planned sale of 5-hotel portfolio
Ashford Hospitality Trust, a real estate investment trust (REIT) focused on investing opportunistically in the hospitality industry in upper upscale hotels, has recently announced that it has entered into a definitive agreement to sell a 5-hotel, 1,396-room portfolio of select-service hotels for US$142 million in cash (US$102,000 per key) to Noble Investment Group.
Provenance Hotels Partners Fund I acquires hotel in New Orleans
Provenance Hotels Partners Fund I (PHPF I) has announced its acquisition of the Old No. 77 Hotel & Chandlery in New Orleans.
New investment in the USA: Commerz Real acquires boutique hotel in New York City for hausInvest
Commerz Real’s open-ended real estate fund hausInvest as part of its strategy to further expand its hotel investment portfolio. Its latest acquisition is the newly completed 11 Howard hotel, a 221 room boutique hotel on Howard Street in New York’s trendy SoHo district.
Tribute Portfolio (Starwood) announces three new signings reaching 20 openings worldwide
Tribute Portfolio, a collection of independent hotels and resorts from Starwood Hotels & Resorts Worldwide, Inc, has announced three new signings, bringing the brand’s footprint to 20 properties worldwide, exactly double the original growth projection for its first year.
Choice Hotels International Announces Cambria hotels & suites Chicago Double Hotel Debut
Choice Hotels International, an American hospitality holding corporation based in Rockville, Maryland, in the United States, has recently celebrate the debut of two new Cambria hotel & suites projects in Chicago.
North Point Hospitality Group secures financing for Marriott tri-branded new property in Nashville
Nashville is about to gain 468 hotel rooms next to the Music City Center convention facility now that financing is set and construction nears on the first Marriott tri-branded property in the U.S.
