HNR News Issue: July, 21 2023 |  Read Online

Extended-Stay Hotels Continue to Gain in Popularity - By Jack Levy

The Eagle Ford Shale, America's second-largest shale field, has faced rising costs, a frenzy of mergers and acquisitions, and recessionary concerns since late 2022. Nevertheless, natural gas and oil production, as well as hotel performance and transactions, have increased in the market. Read more

Guest feedback holds the key to unlocking invaluable insights that can drive operational improvements and enhance guest satisfaction. So, let’s dive in and explore how hoteliers can stay on top of guest feedback and reap the rewards of a happy, loyal customer base. Read more

Among the Top 25 Markets, San Francisco/San Mateo saw the highest year-over-year occupancy increase (+7.7% to 79.4%). Read more

With this Guest Services App, Hotelogix customers can now allow guests to finish pre-check-in formalities by uploading their details via mobile phones. Similarly, they can use their mobile phones to self-check-out. The application reduces front desk friction and guest wait time near the lobby, significantly improving their overall experience. Read more

According to data from Lodging Econometrics, the pipeline of brand conversions in Latin America jumped by 22 percent on the first quarter of 2023 compared to the first quarter of 2022, totaling 67 projects and 9,464 rooms. Marriott’s data parallels global trends, with a first quarter of healthy conversion activity, accounting for 29 percent of rooms signed and 25 percent of rooms opened by the company globally. Read more

HVS Brokerage & Advisory, as the sole and exclusive advisory firm to ownership, presents the opportunity to acquire the 65-key Holiday Inn Express & Suites Columbus, a limited-service hotel asset in Columbus, Texas. Read more

The newly branded Radisson Hotel Cedar Rapids is the first hotel conversion to the Radisson brand since Radisson Hotels Americas was acquired by Choice Hotels International in 2022. Read more

The property, formerly known as Royal Uno All-Inclusive Resort & Spa, is owned by Tortuga Resorts and will be managed by Hilton. Read more

The Marcus Hotel Portrush, Tapestry Collection by Hilton will restore a Victorian building to its former glory as a hotel and is anticipated to mark the brand’s Northern Ireland debut in 2025 Read more

RLJ Lodging Trust (NYSE: RLJ) today announced that its Nashville property is joining the Tapestry Collection by Hilton. The 124-room property will undergo a comprehensive renovation next year and relaunch as a rebranded lifestyle boutique hotel within the Tapestry Collection by Hilton. Read more

The park will feature an Americana-themed environment with a variety of entertaining rides, live shows, family attractions, waterways as well as restaurant-quality food and beverage offerings. The theme park and resort are scheduled to open in fall of 2026. Read more

The four-story, 114-room property is being developed by New Circle Investments and is slated to open in the second quarter of 2024. Read more

IHG Hotels & Resorts has signed a franchise agreement that will see a Hotel Indigo property open in Oxagon, a coastal industrial city in NEOM, located in the Northwest region of Saudi Arabia. Read more

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