This collaboration marks a significant milestone in the hospitality industry, enabling hotels to streamline their processes, lower their costs and improve profitability.
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Booking.com uncovers summer family travel trends
As the days grow longer and gray dreary days fade into the distance, families are planning ahead and dusting off their suitcases in preparation for the great summer getaway. Digital travel platform Booking.com reports that searches for accommodations by families for the summer travel season are already seeing an 8% increase as compared to last year, while flight searches globally are seeing an … [Read More...]
A Guide to Visiting Lower Zambezi National Park
Tucked away along the northwestern stretches of the Zambezi River in Zambia, Lower Zambezi National Park remains one of the lesser-known yet extraordinarily picturesque safari destinations in Africa. Established in 1983, this sprawling park of over 4,000 square kilometers offers a diverse array of wildlife experiences and natural beauty, making it a secluded gem for wildlife enthusiasts and … [Read More...]
Everhome Suites opens third property
Choice Hotels International Inc. has opened Everhome Suites Nampa Boise in Nampa, ID, marking the midscale extended-stay brand’s third opening, with more than 10 open hotels forecasted within the next year. The property features the brand’s Closer to Home design package, incorporating local community touches into signature spaces. “With more than 60 Everhome Suites in various … [Read More...]
JLL arranges $735M refi for Disney Swan & Dolphin Resort
JLL’s Hotels & Hospitality group arranged a new $735 million, five-year, floating-rate SASB CMBS term loan to refinance The Walt Disney World Swan, Walt Disney World Dolphin and Walt Disney World Swan Reserve, a 2,619-key resort situated directly adjacent to the theme parks within Walt Disney World in Lake Buena Vista, FL. JLL represented a joint venture between Tishman Hotel & Realty and … [Read More...]
Driftwood Capital secures $30M for Sheraton Dallas refi
Driftwood Capital has, through its lending fund Driftwood Lending Partners LP (DLP), provided $30 million in mezzanine financing for the refinancing of the Sheraton Dallas Hotel, a 1,841-key hotel and convention center serving as the largest hotel in Texas and which is sponsored by Chartres Lodging Group. The mezzanine financing will accompany a $270-million senior loan originated by Goldman Sachs … [Read More...]