LODGING Staff - 10 Minutes News for Hoteliers - Page 64

3 min

CBRE Survey Finds Slight Decline in U.S. Cap Rates

📈 Cap rates fell 9 basis points in H1 2025, per CBRE's CRS survey, with 200+ real estate professionals' input. Treasury yields were volatile, peaking at 4.8% in January, dropping to 4.2% by June. Tariffs announced April 2 affected CRE sales volume outlook; 16% of respondents expect it to be significantly lower. Cap rates have likely peaked, with respondents favoring the multifamily sector over industrial, retail, hotel, and office.

1 min

ECHO Suites Extended Stay by Wyndham Reno Opens

🏨 Sandpiper, LLC, opened ECHO Suites Extended Stay by Wyndham in Reno, Nevada, in mid-July. It's the second ECHO Suites in their portfolio, offering a clean, affordable stay. Sandpiper CEO Carter Rise praised the location and customer response. Sandpiper Hospitality, managing nearly 70 hotels, oversees operations. Sandpiper owns 41 properties across eight brands in twelve states.

2 min

DoveHill Acquires White Barn Inn

🏨 DoveHill has acquired the White Barn Inn in Kennebunk, Maine. Auberge Resorts Collection will continue managing the property, which features guest cottages, a luxury spa, a pool, and the Cora Houseboat. DoveHill plans enhancements to improve the luxury experience. CEO Jake Wurzak emphasized the inn's iconic status and unique character. Charles Paloux noted the acquisition aligns with DoveHill's strategic focus on distinctive hotel investments through their DoveHill Opportunity Fund 2.

1 min

Hunter Hotel Advisors Arranges Sale of Home2 Suites by Hilton Wayne

💰 Hunter Hotel Advisors facilitated the sale of Home2 Suites by Hilton Wayne on July 29, 2025. Located near Manhattan, the 120-key hotel was sold by DC Hospitality Group LLC to Spark GHC. The hotel, built in 2020, features a fitness center, business center, and indoor pool, and is strategically positioned near major corporate and entertainment hubs. It attracts visitors from local employers and William Paterson University, contributing to the local economy and employment landscape of over 25,000 workers.

1 min

Aimbridge Hospitality Appoints Chris O’Donnell as President of Select Service Division

📈 Chris O'Donnell will become president of Aimbridge Hospitality's select service division on September 15 in Plano, Texas. With over 20 years in hospitality, including roles at Marriott, Magna Hospitality, and Atrium Hospitality, O'Donnell will focus on operational performance to enhance the division's market share, profitability, and guest satisfaction. Craig S. Smith, CEO, emphasizes O'Donnell's leadership and expertise as key assets to the company.

1 min

PM Hotel Group Announces Opening of Cambria Hotel Portland Pearl District

🏨 PM Hotel Group has opened the Cambria Hotel Portland Pearl District in Portland’s Pearl District. Featuring 178 rooms, the hotel offers amenities like a fitness studio, pet-friendly rooms, and a 1,350 sq. ft. meeting space. The on-site restaurant, Recess, serves local dishes. This opening is a strategic addition to PM Hotel Group’s portfolio, which includes properties like Aloft Portland Airport. Located near downtown attractions and the Oregon Convention Center, it enhances travel offerings.

1 min

Marcus & Millichap Facilitates Sale of Best Western Plus Royal Mountain Inn & Suites

🏨 Marcus & Millichap announced the sale of the 61-room Best Western Plus Royal Mountain Inn & Suites in Athens, Texas. The property was marketed by Skyler Cooper from Marcus & Millichap’s Dallas office. Support for the transaction came from Allan Miller and Chris Gomes of the Miller-Gomes Hotel Team. The hotel features amenities such as a business center, outdoor pool, fitness center, guest laundry, breakfast area, and meeting space.

1 min

CoStar: U.S. Hotel Industry Reports Mostly Negative Yearly Comparisons

🏨 August 10-16, 2025, Arlington, Virginia: The U.S. hotel industry shows mixed performance with occupancy at 66.3% (down 0.9%), ADR at $157.51 (up 0.4%), and RevPAR at $104.50 (down 0.5%). Seattle leads with occupancy at 83.9% (up 7.5%) and RevPAR at $178.62 (up 10.9%). Houston faces a steep decline with occupancy at 57.2% (down 24.0%) and RevPAR at $66.84 (down 27.1%), affected by post-Hurricane Beryl displacement.

LODGING Exclusive: Nearly 20 Asset Management Companies Implement Singlepane for Unified Financial Insights

💻 Within three months of launch, Singlepane is utilized by 20 asset management companies, including DiamondRock Hospitality and KHP Capital Partners, in Providence, Rhode Island. The platform integrates financials, forecasts, budgets, and asset management workflows, improving efficiency by automating variance analysis, which reduces analyst time by 30%. It enhances CapEx tracking, contract compliance, and debt oversight, facilitating faster decision-making and sharper visibility. The adoption highlights the shift from fragmented to unified data management.

4 min

The Ava Hotel, Curio Collection by Hilton, Opens

🏨 The Ava Hotel in Paso Robles, California, opened as part of the Hilton Curio Collection. Managed by Azul Hospitality Group, the hotel features 151 rooms, including suites with balconies or pool decks. It boasts three dining venues with Mediterranean-inspired cuisine led by chef Julien Asseo. Guests can enjoy wine-themed activities and events in its 6,500-square-foot event space. The hotel, blending mid-century architecture with natural materials, is a joint venture between Paso Robles Hotel Partners and Peachtree Group.

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