Hotels

SHERIDAN, WYOMING – Feb. 23, 2025 – The heart of Arlington, Virginia, is set to witness a significant transformation as the Marriott Crystal City at Reagan National Airport prepares to unveil its new identity as The National Landing Hotel. With a multi-million-dollar renovation and rebranding nearing completion this May, this 347-room establishment is poised to redefine hospitality in the bustling National Landing district.

A New Name, A New Vision

SHERIDAN, WYOMING – Feb. 23, 2025 – Concord Hospitality, the hotel management and development firm, marks its 40th anniversary, celebrating decades of growth and innovation within the hospitality industry. Founded in Ohio in 1985, the company has transformed from a single hotel in Pennsylvania to a leading force, now managing over 140 hotels across North America.

A Legacy of Growth and Innovation

SHERIDAN, WYOMING – Feb. 23, 2025 - With RevPAR hitting a record $78 in 2024 — 14% above 2019 levels — and demand surging by 232,000 room nights year-over-year, the select-service and extended-stay sector is showing its might in the lodging market, according to a latest study by JLL.

Surging Demand and Shifting Traveler Preferences

SHERIDAN, WYOMING – Feb. 23, 2025 - Hotels across the U.S. continue to grapple with staffing shortages, even as wages and incentives see significant increases, according to a recent survey conducted by the American Hotel & Lodging Association (AHLA) and AHLA Gold Partner, Hireology. The survey reveals that 65% of hotels are still facing difficulties in filling open positions.

Persistent Staffing Challenges

SHERIDAN, WYOMING – Feb. 23, 2025 – In a strategic move to expand its portfolio, IHG Hotels & Resorts has announced the acquisition of Ruby, a “premium urban lifestyle brand for the modern traveler.” This acquisition, revealed in IHG’s full-year earnings report, marks the company’s 20th brand and signals its intent to capture a larger share of the urban micro hotel market.

SHERIDAN, WYOMING – Feb. 23, 2025 – Easter in Provence is set to be exceptionally sweet this year as the Terre Blanche Hotel Spa Golf Resort presents its exclusive "Oeuf Bergamote." This masterfully crafted Easter egg, celebrating the flavors of Provence, will be available from April 13 to April 27, 2025.

Easter in Provence: A Tradition of Indulgence

SHERIDAN, WYOMING – Feb. 23, 2025 – DiamondRock Hospitality Company has officially concluded the sale of the Westin Washington, D.C. City Center, a significant transaction that underscores the company's strategic focus on maximizing shareholder value. The sale, which was finalized on February 19, 2025, involved the 410-room property and was completed for a contract price of $92.0 million.

Financial Highlights of the Sale

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