Global passenger traffic is projected to grow at a compound annual growth rate of 4.3% from 2023 to 2042 and 3.6% from 2042 to 2052.
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Hilton Pensacola Beach undergoes $11M in renovations
Hilton Pensacola Beach, a beachfront property operated by Innisfree Hotels, has completely refreshed its common areas with $11 million in renovations to the lobby, front desk, restaurants, bars and more. Among the upgrades: Front desk: A visually captivating 6×20-ft. backlit LED screen immerses guests in a vibrant display of color and motion Lobby: Brand-new floors and a wood-slat design … [Read More...]
Adam Patenaude named Dreamscape Hospitality president
Dreamscape Hospitality has appointed Adam Patenaude as its new president. He previously served as SVP, operations at Aimbridge Hospitality. In his new role, Patenaude will leverage his industry knowledge to shape the company’s trajectory as a hotel operator, driving strategic and profitable initiatives for the brand’s portfolio of properties in markets across the U.S., the company reports. He has … [Read More...]
Red Roof Plus Palm Coast sells
DSH Hotel Advisors, a national hotel brokerage and advisory firm headquartered in Tampa, arranged the sale of the 78-room Red Roof Plus Palm Coast for an undisclosed price and closed in 34 days. Dennis S. Hopper, managing principal of the firm; Randy B. Taylor, SVP, investments; Dylan N. Amin, VP, investments; and Sam Patel, investment associate, represented the seller, SVM Palm Coast LLC, and the … [Read More...]
Home2 Suites by Hilton Poughkeepsie debuts
Home2 Suites by Hilton Poughkeepsie, managed by Brandt Hospitality Group, has opened in Poughkeepsie, NY. The property is located near Marist College and Culinary Institute of America in Dutchess County. The world’s longest elevated pedestrian bridge—The Walkway Over the Hudson—is about five miles away. The hotel features 111 extended-stay suites equipped with kitchen amenities such as a … [Read More...]
SAK acquires Staybridge Suites Tysons-McLean
Hunter Hotel Advisors has arranged the sale of the Staybridge Suites Tysons-McLean. SAK Developers acquired the five-story property for an undisclosed price. Situated in downtown McLean, the hotel has 142 extended-stay keys and is close to Tysons Corner, which hosts numerous corporate demand generators and major government agencies. Amenities include a 24/7 fitness center, 360 sq. ft. of meeting … [Read More...]