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Mews launches Flexible Financing funding program
Mews has launched the Flexible Financing funding program, which provides hospitality businesses with access to capital, as the number of hoteliers branching out to offer additional amenities for guests has more than doubled in the last year. Flexible Financing is delivered in collaboration with financing provider YouLend, enabling eligible customers to receive funding of up to 1 million euros … [Read More...]
Placemakr expands in Texas with four new properties
Placemakr, a flexible-use hospitality and multi-family operator, will expand across Texas with four new property launches, bringing the company’s total operations to more than 800 units in the state. The expansion includes the acquisition of Placemakr Downtown Austin, formerly named 3Waller, a 259-unit property in the heart of downtown Austin, marking the 6th property acquisition for … [Read More...]
Sonesta opens hotels in Wyoming and Michigan
Sonesta International Hotels Corporation has opened Red Lion Gillette in Gillette, WY, and Sonesta Grand Rapids in Grand Rapids, MI. Red Lion Gillette is a 159-room, select-service value hotel, while Sonesta Grand Rapids Airport is a 183-room upscale property. “We are excited to open the first Sonesta hotels in Gillette, WY, and Grand Rapids, MI,” said Norman Leslie, cofounder, Lodging Opportunity … [Read More...]
Knowland: Nashville records highest meetings growth in April
Nashville saw an uptick in meetings and events in April, growing 38% year-over-year (YOY), according to data from Knowland. Las Vegas continued a steady climb with 22.8% YOY growth. This data is sourced from Knowland’s sales intelligence platform and designed to help hoteliers protect and grow their revenue base. Overall meeting volume growth was flat for the industry at a 1.3% increase YOY. The … [Read More...]
stayAPT lays out growth plan
US long stay brand StayAPT Suites has signalled the next phase of its growth, signing a deal with development partner Powerhouse Hotels. The deal promises to add 30 more locations across mainland US to the StayAPT pipeline, expanding the brand’s footprint to 25 states within the next five years. StayAPT has, as of April 2024, 22 hotels open and operating, with an expectation the brand will grow to … [Read More...]