Commercial Property Executive | Razvan Cimpean Ascend Growth Partners acquired Staybridge Suites Plano Frisco, a 101-key hotel in Plano, Texas, from Granitepark-Parkwood LLC. Located at 8355 Parkwood Blvd., the asset offers easy access to Dallas North Tollway, Highway 121 and … Continued

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Houston Business Journal | Cara Smith The dramatic recovery that Houston’s hotel market made in the third quarter, largely due to Houstonians and rescue workers booking more hotels in the aftermath of Hurricane Harvey, nearly balanced out the market’s slow … Continued

read More PORTSMOUTH, NH-Analysts at Lodging Econometrics released the five U.S. markets with the largest hotel construction pipelines by project count. 1. New York New York has the largest hotel construction pipeline in the U.S. with 181 projects and 30,225 rooms. … Continued

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The Bay City Tribune | Dwight Baker At first glance, Bay City seems to have an overabundance of hotels for its population. Yet, the promise of recurring business thanks to the growth of the area’s industrial plants, buyers are anxious … Continued

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Commercial Property Executive | Laura Calugar CBRE Hotels arranged the sale of Holiday Inn Express & Suites, a 74-key, limited-service hotel in Bay City, Texas. Houston-based SNI 5618 Investment LP acquired the asset from San Antonio-based Baywood Hotels for an … Continued

read More | Paul Takahashi Houston’s hotel construction activity has declined after Hurricane Harvey, according to a new report. Local hoteliers were under construction on 4,494 hotel rooms in September, a 15 percent drop from last year, according to STR. Nationally, … Continued

read More | Paul Takahashi Hurricane Harvey is expected to fill more hotel rooms in the Houston area than Hurricane Katrina did in 2005, when as many as a quarter-million New Orleanians sought shelter here. Displaced homeowners, first responders, insurance adjusters and … Continued

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IHG Reveals New Midscale Brand—Avid Hotels ATLANTA–InterContinental Hotels Group (IHG) has revealed the name of its new high-quality midscale brand—avid hotels—alongside a brand logo and renderings of the hotel exterior, public space, and guestrooms. First introduced to owners at the IHG Americas Conference in June, … Continued

read More | Paul Takahashi Demand for hotel rooms — and prices — continues to soar in the wake of Hurricane Harvey, according to new data. STR, a Tennessee-based hotel data firm that tracks nearly 86,000 hotel rooms in the Houston … Continued

read More Lodging Econometrics recently released its Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world. Currently, the top world regions by project count are the Americas with 5,719 projects/745,510 rooms, Asia … Continued

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