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Today in the news

Europe’s RevPAR expected to continue slow growth in 2020
posted on Jan 23 20

London’s revenue per available room increased 3.8% in 2019 and likely will see 1.9% growth this year, while the larger UK saw a 2% drop in 2019 and is predicted to slip 0.3% in 2020. Europe ended 2019 with a 2.3% increase in RevPAR “and that will continue in 2020, although it will be slower,” STR says. Read the Hotel News Now story here

Posted by: Mike Pallerino
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$850M complex in Huntsville, Alabama will add Hotel Indigo
posted on Jan 23 20

Hotel Indigo is opening in another Alabama city. The hotel developed by Chattanooga-based ViaNova Development is planning a location in Huntsville in the city’s $850 million mixed-use MidCity development. The hotel will be located along Nunnuhsae Park Drive. Read The Business Journals story here

Posted by: Mike Pallerino
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Marriott Residence Inn proposed for D.C.’s College Park
posted on Jan 23 20

College Park’s hotel scene grew exponentially during the tail end of the last decade and it appears poised to continue that growth into the next. Read The Business Journals story here

Posted by: Mike Pallerino
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Graduate Hotels head charts course to A-list markets
posted on Jan 22 20

Graduate Hotels has reached his goal of opening 20 properties in college towns and now has big plans to expand into campus areas of larger cities. The six-year-old independent boutique chain is facing competition from similar operations as well as the major chains. Read the Skift story here

Posted by: Mike Pallerino
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Tower rising in Austin, Texas, combines hotel, condos
posted on Jan 22 20

A hybrid condo-hotel building is sprouting up on Rainey Street in Austin. And now the public can take a look at its projected completed look. Read the Houston Chronicle story here

Posted by: Mike Pallerino
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