SHERIDAN, WYOMING – February 21, 2025 – 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 – February 21, 2025 – 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
"This transaction highlights the continued investor demand for well-positioned hospitality assets in strong airport submarkets like Tucson,” said Ebrahim Valliani, SVP, investments, Marcus & Millichap. This statement emphasizes the attractiveness of airport-adjacent properties to investors seeking stable returns and growth potential. The Tucson International Airport's prominence as a regional travel hub likely played a key role in the property's appeal.
Key Features of the Courtyard Tucson Airport
SHERIDAN, WYOMING – February 21, 2025 – 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
“While American hotels have largely recovered from the pandemic, hotel employment is still nearly 10% below pre-pandemic staffing levels,” said Rosanna Maietta, president/CEO, AHLA. “The hospitality sector is committed to attracting and retaining talent, investing in workforce development and creating good jobs for millions of Americans, and we are working hard in Washington to ensure we have a policy environment that supports these efforts.”
SHERIDAN, WYOMING – February 21, 2025 – 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
"We are thrilled to bring Home2 Suites by Hilton to the vibrant Conyers community and to officially open the doors of Vector Hospitality’s inaugural hotel," said Aman Patel, president, Vector Hospitality Inc. "This marks an exciting milestone for our company, and we are grateful for Hilton’s continued trust and partnership in bringing this project to life. We look forward to welcoming guests and becoming an integral part of this dynamic and growing area.”
Suite Accommodations and Modern Amenities
SHERIDAN, WYOMING – February 21, 2025 – 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.
Urban Locations Lead the Charge
SHERIDAN, WYOMING – February 21, 2025 – 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
The report reveals significant growth in the select-service and extended-stay hotel sector. RevPAR reached a record high of $78 in 2024, exceeding 2019 levels by 14 percent. Demand also saw a substantial increase, with a surge of 232,000 room nights year-over-year, nearly recovering to pre-pandemic levels. This strong performance is attributed to the sector’s evolution into a unified market, effectively catering to the changing preferences of modern travelers with a diverse range of amenities.
Attractive Investment Proposition
SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – The National Landing Hotel Crystal City in Arlington, Va., formerly known as the Marriott Crystal City at Reagan National Airport, is undergoing a significant transformation. A multi-million dollar renovation and rebranding project is underway, with completion expected this May. The newly rebranded National Landing Hotel will feature modernized guest rooms, upgraded public spaces, and a refreshed exterior.
Revitalizing Crystal City's Hospitality Landscape
SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – Mandarin Oriental Hotel Group is making its grand entrance into the Caribbean with the groundbreaking of the Mandarin Oriental Residences, Grand Cayman. This landmark project, a collaboration with Melkonian Capital Management and RAL Companies, marks the brand’s first new-build resort and residential development in the region. Construction is officially underway, with completion anticipated in early 2028.
Luxury Living Redefined: Beach House and Ocean House Residences
SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – With RevPAR hitting a record $78 in 2024 — 14% above 2019 levels — and demand surging by 232,000 room nights year-over-year (almost fully recovering from 2019), the select-service and extended-stay sector is showing its might in the lodging market, according to a latest study by JLL.
Growth Reflects Shifting Traveler Preferences
Growth reflects shifting traveler preferences favoring longer stays, remote work setups and an improved work-life balance. “Bleisure” travelers, blending business and leisure, are increasingly drawn to these properties, which offer in-room kitchenettes and recreational spaces that cater to both comfort and convenience.
In 2025, the demand for select-service and extended-stay properties is projected to surpass pre-pandemic levels, reaching an estimated 1.02 billion room nights — 16% above the long-term average since 2001.
SHERIDAN, WYOMING – February 21, 2025 – SHERIDAN, WYOMING – Feb. 21, 2025 – Tedy Bruschi can talk football all day long. He did it as a linebacker (and three-time world champion) for the New England Patriots, and now he does it for a living as a commentator for ESPN.
Football and Heart Health: A Shared Passion
If you ask him for his favorite football statistic, he’ll probably tell you “366.” It’s a number that belongs to Bruschi, in fact. And it means a lot to him because it relates to the other subject he can talk about all day: heart health.
A Stroke Survivor's Inspiring Comeback
Bruschi is a stroke survivor. His first stroke threatened to end his playing career. Instead, he made an inspiring comeback, from a hospital bed all the way back to the gridiron. This remarkable journey has made him a powerful advocate for heart health awareness.
Joining the HeartMates Program