SHERIDAN, WYOMING – Feb. 23, 2025 – Concord Hospitality marked its 40th anniversary, celebrating four decades of remarkable contributions to the hospitality sector. Since its establishment in 1985 in Ohio, the company has relocated to North Carolina and evolved into a prominent player, boasting a diverse portfolio that includes renowned brands like Hilton, Hyatt, Marriott, and IHG.
SHERIDAN, WYOMING – Feb. 23, 2025 – CBRE Forecast Shows RevPAR to Increase in 2025, indicating a sustained recovery and growth within the U.S. lodging industry. According to CBRE's latest projections, revenue per available room (RevPAR) is expected to rise by 2.0 percent in 2025, driven by improved occupancy and average daily rate (ADR) increases.
Projected Growth and Market Dynamics
SHERIDAN, WYOMING – Feb. 23, 2025 – Hotels across the United States are making strides in workforce recovery, yet significant staffing challenges persist, according to a recent survey conducted by the American Hotel & Lodging Association (AHLA) and AHLA Gold Partner Hireology. While improvements have been noted since May 2024, nearly two-thirds (65 percent) of hotels still report staffing shortages, highlighting the ongoing effort to rebuild the hospitality workforce.
Continued Staffing Challenges in the Hotel Industry
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 – 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.
