News | Hospitality

September 26, 2025
Recently renovated hotel pays homage to historic town of Alexandria, Virginia
Alexandria, Virginia, is one of the oldest cities in the United States — founded in 1749, so earlier than the country itself — and touts the moniker "Old Town" for its primary neighborhood. But a new era is afoot for the small town down the road from Washington, D.C., where a historic hotel recently modernized and reopened.
September 26, 2025
Occupancy declines weigh down US hotel performance once again
Unfortunately, U.S. hotel revenue per available room fell again in the week of Sept. 14-20, and the 1.4% decline was only slightly less than the previous week. Hotel occupancy once again drove the decline, falling 0.7 percentage points, although average daily rate also dipped 0.3%.
September 26, 2025
The difference in travel between Asian, western storm seasons
While meetings, events and general business travel have a natural pattern of slowing during certain parts of the year with bad weather in the Western Hemisphere, business travel has remained a focus across the Asia-Pacific region even with heightened typhoon activity.
September 25, 2025
New York casino bids advance for Resorts World in Queens, MGM Empire City in Yonkers
The New York City area’s two existing casinos, which got their starts more than a century ago as horse racing tracks, are closer to becoming full-fledged gaming and entertainment resort complexes.
September 25, 2025
Toronto, Ottawa-Gatineau and Montreal lead hotel construction in eastern Canada
Through August this year, the number of rooms under construction as a percentage of supply across the top 10 largest hospitality regions in Eastern Canada was 2.6%, which is well above the national average of 1.9%.
September 25, 2025
New inventory slows extended-stay momentum
August 2025 marked another month of supply growth for the U.S. extended-stay hotel sector, with developers continuing to add rooms at a strong clip.
September 25, 2025
Not all hotels in 10 largest eastern Canadian regions have done well so far this year
Driven by increases in both occupancy and average daily rate, six of the 10 largest hotel regions in eastern Canada — Ontario North, Nova Scotia, Quebec, Ottawa-Gatineau, Ontario East and Toronto — recorded positive gains in year-to-date revenue per available room, or RevPAR, through August 2025.
September 25, 2025
MGM Resorts clears hurdle for casino license in Yonkers, New York
MGM Resorts International’s $2.3 billion bid to transform the historic Empire City Casino in the New York City suburb of Yonkers into a full-fledged commercial casino and entertainment destination has cleared a major hurdle.
September 25, 2025
Drop in theme park demand not the thrill ride hoteliers want
No roller coaster goes up indefinitely, and for some U.S. theme parks and the hotels around them, they've seen demand hit a drop of its own.
September 24, 2025
CoStar World News for Sept. 25
September 24, 2025
Crestline Hotels & Resorts' path from a 'grandchild of Marriott' to an established third-party operator
Nothing happens in a vacuum, with every action creating a ripple effect that leads to further actions down the line.
September 24, 2025
All the room’s a stage: A boutique hotel in Manhattan turns one unit into a theater
“Checking in? Or are you coming to see the play?”
September 23, 2025
San Antonio’s hotel market faces slowdown as supply set to outpace weak demand
The San Antonio hotel market remained in a holding pattern throughout August, with performance metrics reflecting a challenging operating environment. Revenue per available room, or RevPAR, over the 12-month average declined 1.7% year over year, driven primarily by a 3.4% drop in occupancy. The average daily rate, or ADR, increased by just 1.8%, suggesting that hoteliers have largely maintained rate integrity while demand has weakened.
September 23, 2025
Canadian travelers push their home and native land to record summer highs
Canada's hotel performance this summer has been historically strong, with August bringing in the highest occupancy for any month since August of 2014.
September 23, 2025
Hotels welcome autumn with seasonal dishes
As much of the U.S. expects to feel cooler temperatures arrive over the coming weeks, hotel menus are offering meals to warm and delight their guests.
September 22, 2025
Luxury hotel development advances as Los Angeles counts down to Super Bowl, Olympics
With construction crews pouring concrete for its rooftop, the 12-story Kali Hotel has topped out at Hollywood Park, positioning Inglewood’s $300 million hospitality project to open ahead of the city’s Super Bowl and Olympics.
September 22, 2025
Downtown Tampa condo-hotel scores largest loan of its kind
The Pendry Hotel & Residences Tampa, a 38-story condo-hotel being developed by Two Roads Development along the city’s downtown riverfront, has scored over $500 million in construction financing, including the largest green energy loan of its kind.
September 22, 2025
Hospitality REIT refinances loan tied to Nashville hotel
Ashford Hospitality Trust, a real estate investment trust with 72 hotels totaling more than 17,000 rooms in its portfolio, has refinanced a $218.1 million mortgage loan backing an upscale hotel in Nashville, Tennessee.
September 22, 2025
Manhattan loses chance at winning casino
Manhattan won't be getting a casino any time soon.
September 22, 2025
Hotels shake up new seasonal sips with autumnal drink selections
As much of the U.S. will start to see leaves change color, hotels also will change their drink menus for the season.

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