Around 70 percent of under-construction stock in the hospitality sector is made up of limited-service hotels.

In spite of a slight slowdown in business travel, room rates and RevPAR continue to grow.

The company is looking into a joint venture that would own the Las Vegas-based properties.

Xenia has received multiple offers for the portfolio, which includes properties in Chicago, Denver and Salt Lake City.

Miami Beach has more Airbnb units per capita than any other market in the United States.

A Middle Eastern buyer agreed to pay more than $2 million a key for the five-star Montage Beverly Hills hotel in Beverly Hills.

The hotel operator lowered its full-year projections due to slowing demand.

The company expects to find a buyer for the hotel by the end of the year.

An Avison Young report says that the inclusion of wellness features is having an impact on hotel revenues.