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Southern Lodging Summit Conference Postpones Physical Event to Host Southern Lodging Summit Virtual Update
The Southern Lodging Summit | July 31, 2020
MEMPHIS, Tenn., July 31, 2020—Officials of the Southern Lodging Summit (SLS), an annual hotel conference focusing on development and operations throughout the southern United States, today announced it will postpone this year’s physical gathering due to the on-going coronavirus pandemic. Instead, the organization will host a “virtual update,” providing pre-recorded sessions to interested parties. “While there is nothing more we wanted than to host this year’s event in person, Memphis and Shelby County remain in Phase Two of its recovery, meaning we are limited in terms of the number of people who can gather,” said Wayne Tab
Pebblebrook Hotel Trust Reports Second Quarter 2020 Results
Pebblebrook Hotel Trust | July 31, 2020
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE:PEB): REOPENING & REDEVELOPMENT OF HOTELS AND RESORTS 24 hotels and resorts currently open, approximately half of the Company’s portfolio, and expecting to reopen an additional 5 hotels by mid-August, for a total of 29 open hotels and resorts All 8 resorts are experiencing a healthy recovery in occupancy and EBITDA and in total, they are achieving average rates at a premium to 2019 Completed 8 redevelopment projects; 40 of 53 hotels and resorts have undergone transformational redevelopments or comprehensive renovations in the last 5 years AVERAGE MONTHLY CASH BURN
Allegretto Vineyard Resort Appoints Shannon Spivey as National Sales Manager
the Allegretto Vineyard Resort | July 31, 2020
July 31, 2020 (Paso Robles, Calif.) – The Allegretto Vineyard Resort, the acclaimed 171-room luxury resort in the Paso Robles wine region, is pleased to announce the appointment of Shannon Spivey as National Sales Manager. California native Spivey brings over 14 years of luxury hotel sales management to her role as National Sales Manager for the Allegretto Vineyard Resort. A proven results-oriented sales professional with a can-do spirit, Spivey first started her hospitality career as the Sales Manager for Larkspur Hotels & Restaurants in Los Gatos, California, before heading up sales efforts for such esteemed properties as Hotel Los
Canada’s Hotel Construction Pipeline Continues to Expand Year-Over-Year*
Lodging Econometrics | July 31, 2020
July 31, 2020 – PORTSMOUTH, NH - According to analysts at Lodging Econometrics (LE), Canada’s hotel construction pipeline continued to expand at the close of Q2’20 with 296 projects/39,645 rooms. The construction pipeline is up 8% by projects and 11% by rooms, year-over-year (YOY). All stages of the pipeline have experienced increases, YOY. Projects under construction stand at 98 projects/12,255 rooms, up 7% by projects and 10% by rooms. Projects scheduled to start construction in the next 12 months includes 107 projects/12,530 rooms, both up 13%, and projects in the early planning stage stand at 91 projects/14,860 rooms, up 6% and
STR: Canada Hotel Results for Week Ending 25 July
STR | July 30, 2020
HENDERSONVILLE, Tennessee—STR data for 19-25 July 2020 shows a continued steady rise in Canada’s hotel performance but the same significant level of year-over-year declines. In comparison with the week of 21-27 July 2019, the industry reported the following: Occupancy: -54.6% to 35.4% Average daily rate (ADR): -30.5% to CAD126.07 Revenue per available room (RevPAR): -68.4% to CAD44.66 Two provinces reached a 40% occupancy level: British Columbia (46.1%) and Manitoba (41.8%). Ottawa (32.6%) and Vancouver (32.2%) were the only major markets at or above the 30% mark. The lowest occupancy among provinces was reported in
Rosewood Shanghai to Break Ground in 2022
Rosewood Hotels & Resorts | July 30, 2020
Rosewood Hotels & Resorts® has been appointed by Shanghai-based property development company, Lonsen Land Group, to manage Rosewood Shanghai, a new hotel in mainland China set to break ground in 2022, with an expected opening in 2028. Ideally situated in the heart of Shanghai’s Jing’An District and Suhewan area, an emerging business and cultural hub, Rosewood Shanghai will offer travelers unparalleled access to the city. The announcement of Rosewood Shanghai underscores the brand’s careful, selective growth strategy in Asia and across the globe, as well as the strength of its impressive property pipeline, which is now the most rob
STR: U.S. Hotel Results for Week Ending 25 July
STR | July 30, 2020
HENDERSONVILLE, Tennessee—U.S. hotel performance data for the week ending 25 July showed slightly higher occupancy and room rates from the previous week, according to STR. 19-25 July 2020 (percentage change from comparable week in 2019): Occupancy: 48.1% (-37.9%) Average daily rate (ADR): US$99.24 (-27.3%) Revenue per available room (RevPAR): US$47.75 (-54.8%) U.S. occupancy has risen week over week for 14 of the last 15 weeks, although growth in demand (room nights sold) has slowed. Aggregate data for the Top 25 Markets showed lower occupancy (40.8%) and ADR (US$97.32) than all other markets. Norfolk/Virginia Bea
Pebblebrook Hotel Trust Completes Sale of Union Station Hotel Nashville, Autograph Collection
Pebblebrook Hotel Trust | July 30, 2020
BETHESDA, Md. - Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it closed on the sale of the 125-room Union Station Hotel Nashville, Autograph Collection in Nashville, TN for $56.0 million to a third party on July 29, 2020. Proceeds from the sale of Union Station Hotel Nashville, Autograph Collection will be utilized for general business purposes which may include reducing the Company’s outstanding debt.