Rod Clough

Feb 7, 2024 | htrends.com | Caroline Dioso |Rod Clough

Orlando was one of the first of the top 20 U.S. hotel markets to recover from the pandemic. Going forward, Orlando's hotel demand is expected to be bolstered by the addition of new tourist attractions in the market, increased flight capacities, greater inbound international travel and group bookings, and the recovery of the business segment. The City Beautiful Rebounds Orlando, nicknamed the City Beautiful, was one of the first of the top 20 U.S. hotel markets to recover from the pandemic.

Feb 6, 2024 | hotelnewsresource.com | Caroline Dioso |Rod Clough

Marina Bay Sands Gets Authority Approval for their Fourth Tower Construction    Weekly Hotel Industry Asia Pacific News Roundup from HVS CapitaLand Ascott Trust to Divest Citadines Mount Sophia Singapore for SGD148 MillionCapitaLand Ascott Trust (CLAS), a Singapore-based lodging trust, has announced the sale of Citadines Mount Sophia Singapore (“The property”) for SGD148 million, to a joint venture between Hong Kong-based Weave Living and US-based asset manager, BlackRock.

Feb 6, 2024 | htrends.com | Caroline Dioso |Rod Clough

Formerly a haven for retirees and snowbird travelers, Naples has been revitalized as a popular destination for all generations. While the area’s natural attractions, hotels, restaurants, and shopping districts will remain its most popular attractions, sports tournaments and events have become a new focus in Naples. The Paradise Coast Sports Complex, Naples’ premier sports and special-events venue, opened in December 2020 and has been ramping up operations and expanding since.

Jan 30, 2024 | hotelnewsresource.com | Caroline Dioso |Rod Clough

Sheung Wan Hotel By Ovolo    Weekly Hotel Industry Asia Pacific News Roundup from HVS PGIM Real Estate to Acquire The Sheung Wan Hotel By Ovolo For HKD320 MillionPGIM Real Estate, the global real estate investment arm of US-based PGIM, has announced the acquisition of The Sheung Wan Hotel (“The hotel”) from Hong Kong-based boutique hotel and serviced apartment provider, Ovolo Group, for HKD320 million.

Jan 30, 2024 | hotelnewsresource.com | Caroline Dioso |Rod Clough

Baltimore has struggled to recover from the impact of the COVID-19 pandemic and the negative perception of the downtown neighborhoods. However, ongoing or planned development and revitalization efforts bode well for the future of the city. According to STR, average hotel rates in the Baltimore Central Business District through year-to-date September 2023 have surpassed 2019 levels by nearly $18, caused by stable demand levels and the impact of inflation.