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Texas Hotel Investment Hotspots: Top Markets To Watch in 2024
Andrew Frosch | August 21, 2024
Texas has continued to grow into a top destination for hotel owners who want to expand their portfolio as a result of its strong economy, consistent population growth, vibrant tourist attractions, and diverse markets. Key cities in Texas include Houston, Dallas-Fort Worth Metroplex, Austin, and San Antonio, while the state’s emerging markets are secondary cities/towns around these cities that are often overlooked by hotel investors. This article examines the top cities within Texas in terms of revenue per available room (RevPAR) and provides expert insight into the most attractive and often overlooked submarkets for prospective hotel inv
Everhome Suites Continues To Expand With Three New Locations Breaking Ground in Key Markets
Everhome Suites  | August 21, 2024
Choice Hotels reinforces its leadership and first-mover advantage in extended stay with groundbreakings in Texas, Kansas, and Kentucky NORTH BETHESDA, Md., Aug. 20, 2024 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, continues to strengthen its leadership position in extended stay with three new Everhome Suites breaking ground in San Antonio, Texas; Bowling Green, Kentucky; and Wichita, Kansas. All three were developed in collaboration with Highside Companies. These groundbreakings, along with eight others earlier this year, demonstrate Choice's first-mover advantage in the category, con
Hyatt To Acquire Standard International and Its Iconic Hotel Brands, The Standard and Bunkhouse Hotels
Hyatt Hotels Corporation | August 21, 2024
Formation of new lifestyle group to combine best-in-class lifestyle brand leadership and talent with Hyatt’s global distribution network and award-winning World of Hyatt loyalty program CHICAGO (AUGUST 21, 2024) – Hyatt Hotels Corporation (NYSE: H) today announced the planned acquisition of the brands and most of the affiliates of pioneering lifestyle company Standard International, parent company of The Standard and Bunkhouse Hotels brands. This move enhances Hyatt’s position as the leader in the industry’s premier lifestyle space, building on both its organic growth and a series of acquisitions that quintupled the number of
Shiji and FreedomPay Announce Partnership to Transform Mexican Hospitality Payment Solutions
Shiji | August 21, 2024
The collaboration brings integrated payments to Shiji’s POS and PMS solutions into Mexico, facilitating the global shift towards integrated and contactless payment technologies. ATLANTA, Georgia, United States, August 21, 2024 - Shiji, the global hospitality technology innovator, and FreedomPay, a leading provider of secure commerce technology, have announced a partnership that marks a significant expansion into the Mexican market. This partnership underscores Shiji and FreedomPay's commitment to improving staff and guest experiences in the hospitality businesses across Latin America, aligning with the industry's shift towards smoo
U.S. and China Account for 64% of Worldwide Hotel Projects in the Pipeline at Q2 2024
Lodging Econometrics | August 21, 2024
August 21, 2024 – PORTSMOUTH, NH Lodging Econometrics' (LE’s) Q2 2024 Global Construction Pipeline Trend Report states that the total pipeline ascended to a record-high 15,453 projects with 2,395,726 rooms, up 6% by projects year-over-year (YOY) and 4% by rooms. Worldwide, at the close of the second quarter, there are 6,265 projects/1,115,989 rooms under construction, up 2% by projects and 1% by rooms YOY. Projects and rooms scheduled to start construction in the next 12 months grew 8% YOY to close the quarter at 3,972 projects/545,764 rooms. Projects in the early planning stage continue to grow, with a 10% increase in projects and
Renee Laurie Named Director of Sales & Marketing for Beach House Hilton Head Island
Beach House Hilton Head Island | August 21, 2024
Hilton Head Island, S.C. (21, 2024) - Following the completion of an extensive renovation and upleveling to the property’s outdoor and event spaces, Beach House Hilton Head Island, the oceanfront resort known for toes-in-the-sand fun and events, has announced the appointment of Renee Laurie as Director of Sales and Marketing. Renee will play a key role in welcoming new weddings, meetings and group business clients to the Tiki Hut – the island’s only on the beach bar and live music venue, as well as the property’s fully redesigned resort pool and all-new outdoor events pavilion, The Dunes. “With an incredibly strong background in gr
Staypineapple Hotels Appoints David Fingerman to Corporate Executive Chef
Staypineapple | August 21, 2024
BELLEVUE, Wash., August 21, 2024 – Staypineapple, the Pacific Northwest-based hospitality group with 10 hotels, four restaurants and three cafés nationwide, announces the promotion of David Fingerman from Executive Chef at Atwood Restaurant, a premier dining establishment located in Staypineapple Chicago, to Corporate Executive Chef for the Staypineapple Hotels brand. In this new role, Fingerman will oversee culinary operations across all Staypineapple hotels and food and beverage outlets, bringing his innovative approach and passion for exceptional dining experiences to a broader audience. Fingerman, an award-nominated chef with over
Extended Stay America Premier Suites Portland North Brings 146 Guestrooms to Oregon
Extended Stay America | August 21, 2024
Charlotte, NC, August 21, 2024— Extended Stay America, the leading mid-priced extended stay hotel brand in the United States, announced today the opening of the Extended Stay America Premier Suites Portland North, located in Portland, Oregon. The property was developed by Trimark-University Housing IV and will be managed by Ark Hospitality. The three-story, 146-room property features free Wi-Fi, free healthy breakfast, fitness center, and onsite guest laundry. Each spacious suite is designed for comfort and convenience with fully equipped kitchens with full-size refrigerators, microwaves, stovetops, cookware, utensils, and dishes, as well