Japan-based Seibu Prince Hotels Worldwide is buying Ace Group International, parent company of the Ace Hotel brand and in-house creative agency Atelier Ace, for $90 million.
AUSTIN, Texas — While the insurance market is not at the crisis levels seen in recent years, it's still difficult to manage for hoteliers, and experts say taking steps to mitigate risks at a hotel can help reduce both costs and headaches.
A weak summer lead into a difficult budget season for hoteliers, and CoStar News Hotels podcasts dove into those topics and many others in recent months.
NASHVILLE, Tennessee — Fast-growing, Austin-based hospitality company New Waterloo is expanding its hotel portfolio, and that's providing some valuable lessons for its restaurant business, too.
AUSTIN, Texas — For the second time this year, members of the Hospitality Asset Managers Association ranked demand as their top concern in the association's biannual survey.
The U.S. Open Tennis Championships comes to Queens, New York, once a year, providing hoteliers in the greater New York City market with an annual shot to ace the end of the summer.
NASHVILLE, Tennessee — Nearly a year after hospitality management companies PM Hotel Group and Sightline Hospitality formed a strategic merger under the PM Hotel Group name, the combined company is now a premier player in the lifestyle luxury space.
Real estate investment firms Trinity Investments and Certares Real Estate Management have sold the 352-room lifestyle hotel EAST Miami to Blackstone Real Estate.
Third-party hotel management companies play an integral role in the guest experience, and taking note of what they do well and not so well in regard to guest satisfaction can aid the evolution of their operations.
NASHVILLE, Tennessee — With economic and financial market conditions stymying both new hotel development and transactions, many hotel owners have focused on conversions to revamp their portfolios.
NASHVILLE, Tennessee — Even as wealthy consumers continue to spend on travel, lower-income consumers are pulling back on their travel budgets, which in turn is affecting hotels in the lower-tier economy segment.
Average rates for the group segment offer some support in driving revenues, despite demand patterns being more volatile, according to the latest CoStar data.
NASHVILLE, Tennessee — Hoteliers entered 2025 with a certain level of optimism that hotel performance would not just improve over last year but be strong. Although it started that way in the first few months, the trend quickly shifted down and pessimism set in.
NASHVILLE, Tennessee — While it might seem to some that the impact of artificial intelligence on the hospitality industry is being overstated, if anything, it's being underestimated, according to one tech expert.
When Kevin Davis, Americas CEO at JLL Hotels & Hospitality, looks into his crystal ball — powered by the recently released U.S. Hotel Investment Trends report — he sees hotel transaction activity increasing in the coming months.
