SHERIDAN, WYOMING – Feb. 21, 2025 – The excitement is palpable in Bossier City, Louisiana, as the Live! Casino & Hotel Louisiana officially opens its doors. This $270 million resort, a development of The Cordish Companies, marks a significant milestone as the first land-based casino in the Shreveport-Bossier market and is poised to inject substantial economic benefits into the region.
Economic Impact and Job Creation
SHERIDAN, WYOMING – Feb. 21, 2025 – Henderson Park, the international private equity real estate firm, has announced the acquisition of five Novotel Suites hotels in France, partnering with French asset management company Atream. This strategic move significantly expands Henderson Park's hospitality footprint, adding 645 rooms across key locations including Paris, Lille, and Cannes.
SHERIDAN, WYOMING – Feb. 21, 2025 – "Looks that are one step ahead of everyone else" - that's what the new eyewear collection from auto motor und sport x Mister Spex stands for. The clear number 1 in circulation and reach of car buying magazines in the DACH region* and the innovative eyewear brand have joined forces for a long-term cooperation and are presenting the new sunglasses and prescription glasses as well as the matching cases from today.
The Collaboration
SHERIDAN, WYOMING – Feb. 21, 2025 – The Associated Press (AP) today announced the launch of a new Local Investigative Reporting Program aimed at supporting and enhancing investigative journalism at the state and local levels across the United States. The program will be spearheaded by Ron Nixon, a seasoned leader in global investigations and journalist training.
A Commitment to Local News
SHERIDAN, WYOMING – Feb. 21, 2025 – Hospitality management company Frontera Hotel Group, in partnership with SLTX Capital, has been selected to manage the upcoming Canopy by Hilton hotel in downtown Houston. The 140-room property will reside within the historic Scanlan Building and is slated to open in the summer of 2027.
A Historic Landmark Reimagined
SHERIDAN, WYOMING – Feb. 21, 2025 – Marcus & Millichap has announced the successful sale of the 149-room Courtyard Tucson Airport in Tucson, Arizona. This significant transaction underscores the robust investor interest in strategically located hospitality assets, particularly those in thriving airport submarkets.
Strong Investor Demand in Airport Submarkets
SHERIDAN, WYOMING – Feb. 21, 2025 – While the hotel industry has made strides in recovering from the pandemic, staffing shortages remain a significant challenge, according to a recent survey conducted by the American Hotel & Lodging Association (AHLA) and Hireology. The Front Desk Feedback survey reveals that 65% of surveyed hotels are still reporting staffing shortages, despite efforts to attract and retain employees.
The Ongoing Staffing Challenge
SHERIDAN, WYOMING – Feb. 21, 2025 – Vector Hospitality Inc., in partnership with Eraa Hospitality, proudly announces the grand opening of the 91-room Home2 Suites by Hilton Conyers Atlanta in Conyers, Georgia. This momentous occasion signifies Vector’s inaugural hotel opening and their entry into the Conyers market.
A Milestone Achievement for Vector Hospitality
SHERIDAN, WYOMING – Feb. 21, 2025 – CBRE has released its projections for the U.S. hotel market in 2025, forecasting continued steady growth driven by strong performance in urban locations. The company anticipates a 2% increase in Revenue Per Available Room (RevPAR) growth, fueled by a 23 basis point (bps) improvement in occupancy and a 1.6% rise in Average Daily Rate (ADR). This growth trajectory suggests a sustained recovery for the lodging industry, with projected 2025 RevPAR 16.6% higher than pre-pandemic levels in 2019.
SHERIDAN, WYOMING – Feb. 21, 2025 – JLL’s Hotels & Hospitality Group has released its U.S. Select-Service and Extended-Stay Hotel Outlook 2025 report, offering insights into recent market trends and the sector’s potential as a strong investment opportunity.
Record-Breaking Performance and Demand Surge