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Chron.com | 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


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Chron.com | 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

LodgingMagazine.com 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


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Chron.com | 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


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LodgingMagazine.com 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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Commercial Property Executive Anca Gagiuc | Sept 20, 2017 CBRE Hotels arranged the sale of the Holiday Inn Express & Suites Houston East in Baytown, Texas. Houston-based Pride Management Inc., sold the asset to Canadian investment group Prime Developments, marking … Continued


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September 13, 2017 | By Lydia DePillis If you’ve tried to find a hotel room in Houston lately, you know that it’s been mighty difficult, with Harvey evacuees, first responders and out-of-towners here for the cleanup taking up every available bed that … Continued


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This Week’s Houston Deal Sheet September 12, 2017 | Kyle Hagerty, Bisnow Houston With the help of CBRE’s prolific hotels team, Prime Developments has acquired its second hotel in Houston, this time in one of the area’s top-performing submarkets. The deal … Continued


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August 9, 2017 | By Lisa Brown SAN ANTONIO—By year-end 2017, San Antonio hotels are forecast to have a revenue per available room increase of 3.9%, more than the national projection of 3%, according to data from CBRE Hotels’ Americas … Continued


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Houston Business Journal Cara Smith, Reporter A hotel in the Texas Medical Center that was recently acquired is a prime example of what Houston investors are currently drawn toward, CBRE’s Rahul Biljani said. Houston-based HH&S Hospitality LLC purchased the Candlewood … Continued


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