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6 days ago | 
hotelbusiness.com | Adam Perkowsky
U.S. hotel results for week ending May 3 The U.S. hotel industry reported positive year-over-year comparisons for the week ending May 3, according to data from CoStar. April 27 through May 3 (percentage change from comparable week in 2024):Occupancy: 65.8% (+1.8%)ADR: $164.33 (+2.2%)RevPAR: $108.06 (+4.1%)Performance growth was lifted early in the week on the positive side of the Passover calendar shift.
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6 days ago | 
hotelbusiness.com | Adam Perkowsky
Tulsa to add new convention center hotel Visit Tulsa, the tourism board for Oklahoma’s second-largest city, has revealed plans for a new 650-room hotel that will connect directly to the downtown convention center. The project is scheduled to break ground in 2026, with completion and opening slated for 2029.
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6 days ago | 
hotelbusiness.com | Adam Perkowsky
Mike Lerman Mike Lerman joins Pacifica Hotels Pacifica Hotels, an owner/operator of boutique hotels across California and Hawaii, has appointed Mike Lerman as regional director, operations. In this role, he will oversee the day-to-day operations, strategic planning and performance optimization across a portfolio of the company’s West Coast properties.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Choice reports Q1 domestic RevPAR growth of 2.3% Choice Hotels International Inc., for the first quarter ending March 31, reported domestic RevPAR Growth of 2.3% year-over-year, outperforming the chain scales in which the company competes by 60 bps. “Choice Hotels generated another quarter of record financial performance and RevPAR outperformance, demonstrating the successful execution of our growth strategy,” said Patrick Pacious, president/CEO.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Best Western Fredericksburg Best Western Fredericksburg sold Mumford Company represented the James M. Bowen Company in the sale of the Best Western Fredericksburg in Fredericksburg, VA. This is the third sale over the past decade in which Mumford Company has represented the sellers. The buyers are a local investment group with hospitality and other business interests in the Fredericksburg area.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Singlepane launches asset management solution for owners Singlepane has launched asset management software built specifically for hotel owners, adding three new modules to its original business intelligence (BI) platform. The company’s original business intelligence (BI) solution aggregated and normalized thousands of general ledger (GL) code-level financial statements, forecasts, budgets and proformas from hotel operators on a monthly basis.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Paul Isaacson Paul Isaacson named Hospitality America CFO “Initially, I was introduced to Paul through a professional connection, and his financial acumen, data-driven decision-making and deep understanding of hotel asset management were distinguishable,” said Ben Campbell, president/CEO, Hospitality America.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Extended Stay America opens Premier Suites in Charlottesville, VA Developed and managed by KARA Hospitality, the four-story, 92-room property offers free WiFi, complimentary healthy breakfast, premium cable, a 24-hour fitness room, onsite guest laundry and additional vending options in the lobby. All suites include fully equipped kitchens with full-size refrigerators, microwaves, stovetops, cookware, utensils and dishes, as well as 50-in. TVs, signature bedding, recliners and workspace.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Hotel Equities, Springboard Hospitality merge Hotel Equities and Springboard Hospitality have announced a strategic merger, creating a combined company that will operate a portfolio of properties across the U.S., Canada, the Caribbean and Latin America spanning urban, resort and outdoor destinations. Ben Rafter, CEO, Springboard Hospitality, is the new CEO of the combined company. Brad Rahinsky, former president/CEO, Hotel Equities, will assume the role of chairman.
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1 week ago | 
hotelbusiness.com | Adam Perkowsky
Marriott achieves 4.1% global RevPAR growth in Q1 Marriott International Inc., for the first quarter ended March 31, reported year-over-year RevPAR growth of 4.1% worldwide, with 3.3% growth in the U.S. & Canada and 5.9% growth in international markets. “The combination of continued travel demand, the strength of our brands and our fee-driven business model drove strong financial results in the first quarter,” said Anthony Capuano, president/CEO.
