The U.S. hotel industry reported positive year-over-year results in the three key performance metrics during the week of 24-30 June 2018, according to data from STR.

Spirides Hospitality Finance Company successfully arranged, and its client has closed on a $5-million senior loan facility from a southeast U.S. headquartered bank to finance the development of a new Holiday Inn Express in Latta, S.C.

The Gulf state of Qatar entered a deal to acquire New York's Plaza Hotel for approximately $600 million through the state-owned Katara Holding, according to a report from CNBC.

Marriott International's Autograph Collection has opened the Eugenia de Montijo in the center of the UNESCO World Heritage site of Toledo in Spain.

About 2,500 families that have been housed in hotels after being displaced by hurricanes Harvey, Irma and Maria in 2017 will see the end of the FEMA housing assistance program on 1 July

Choice Hotels International, in collaboration with New Era IV and Premier Property Management, opened the WoodSpring Suites San Antonio Stone Oak.

Profit per room at UK hotels dropped 4.3 percent to ￡55.48 in May as all departments saw year-on-year declines, according to data from HotStats. Meanwhile, owners and operators continue to face rising costs.

Meliá Hotels International will open its third Gran Meliá property in China and group’s 11th property in the China market.

Hyatt Hotels Corp. has entered into a management agreement with Donggwang Clark (DCC) to bring the Hyatt Regency brand to the Philippines.

Real estate investment group LaSalle has acquired the Hotel Ibis Styles Tokyo Bay in Urayasu City, Chiba Prefecture in Japan for an undisclosed sum.

AC Hotel Cleveland Beachwood, the newest Ohio property for the AC Hotels by Marriott brand, is set to open this August.

Hilton has appointed Matt Fry as senior vice president of development in Asia-Pacific, effective Aug. 6, 2018.

Technology is vitally important to the overall success of the hotel industry, but the industry’s general approach to utilizing technology might be holding it back, according to a panel of experts speaking during the Hospitality Industry Technology Exposition & Conference.

The global construction pipeline currently stands at 12,714 hotel projects with 2,139,002 guestrooms, up seven percent by hotel projects year-over-year, according to data from Lodging Econometrics.

Meliá Hotels International will open The Grand Reserve at Paradisus Palma Real in the Dominican Republic in December 2018.

Novum Hospitality has partnered with project developer GBI AG in a joint venture to develop Frankfurt, Germany’s third Niu hotel.

Saudi Arabia and Nigeria have ranked highest in total number of hotel projects for the construction pipelines of the Middle East and Africa, respectively.

Preliminary data from HNN’s parent company, STR, shows United States hotel industry revenue per available room and average daily rate both grew 2% to 4% year over year, despite occupancy growth ranging from -1% to 1%.

The rise in visitors to theme parks, cultural attractions, Expo 2020 and in affordable hotels has put Dubai's hospitality industry on track for continued growth past 2020.

Marriott International built a 4,200-square-foot “vignette” of its new vision for Sheraton Hotels & Resorts, the third-largest brand in its portfolio and its largest outside of North America in terms of room count.