Hotel News Now’s Post

What drove Bentley Legacy Holdings to be more active as hotel owners? What hotel opportunities does Remington Hospitality see in the Caribbean and Latin America?   Read the latest #hospitality news in this edition of our weekly newsletter.

#Tokyo-based real estate investment trust Japan Hotel REIT Investment Corporation acquired two Tokyo hotels for a combined investment of approximately $115 million. https://bit.ly/3S3ZMsA #acquisition #japan #hotelinvestment #REIT

Read this week's top #hotelnews: Distribution needs: https://bit.ly/4bzeJtu Sales and revenue management: https://bit.ly/3xFDxlT Chevron ruling's hotel impact: https://bit.ly/4cCSswm Franchising in Africa: https://bit.ly/3XZEno1 US travel trends: https://bit.ly/3S973Y3

While concerns linger about how much growth is ahead for #hotels, hotel executives broadly shared a sense of optimism in recent #video interviews with Hotel News Now. Check out some of our recent coverage here: https://bit.ly/45YaI0J

From STR: Since 2000, four July Fourth holidays have fallen on a Thursday, and U.S. hotels performed fairly well in 2024. https://bit.ly/4bABr4A #julyfourthweekend #dataanalysis

Leisure, business, group and international #travel all have tailwinds in the near future, Tourism Economics' Aran Ryan said during a general session at the HSMAI Commercial Strategy Conference. https://bit.ly/3S973Y3 #travelsegments #hospitalitynews

TPG Hotels and Resorts President and Chief Operating Officer Ben Perelmuter said travelers are growing more cost conscious, but business travel and group demand are helping to fill the gap this summer. https://bit.ly/3xEz3ff #hoteldemand #hospitalitynews

The ruling #Conservative Party has suffered its worst ever general #election result as the #Labour Party swept it aside, gaining more than 200 constituencies, some from prominent Cabinet ministers. Now the work begins for the new #government, which includes a promised look at business rates, the National Living Wage and carbon offsets. https://bit.ly/4ct0sjr #UKelection #hospitalitynews

Smith Hill Capital Managing Principal Brendan McCormick said the company's recent $111 million, first-mortgage #financing of a four #hotel portfolio is indicative of the direction of the company's $1 billion joint lending platform with Bain Capital. https://bit.ly/3W9zBTD

Air #travel demand has remained high over the past few months, hitting a new Transportation Security Administration (TSA) screening record for the third time in a two-month span on July 7. https://bit.ly/3Lk8Eqb #julyfourthweekend #dataanalysis