InterContinental Indianapolis Opens Following Property Redevelopment

InterContinental Hotels & Resorts, part of IHG Hotels & Resorts’ luxury and lifestyle portfolio, has opened its newest property, InterContinental Indianapolis. Located in the city’s downtown, InterContinental Indianapolis is near Monument Circle and the Indiana State Capitol. The destination’s first luxury hotel to open in two decades has 170 guestroomsContinue Reading

Accor Reports Q4 and Full-Year 2024 Results

Throughout 2024, the hospitality sector proved resilient in a contrasting consumer environment, according to Accor. The group’s diversification in terms of geography and segment enabled it to post strong activity. As a result, both divisions—Premium, Midscale, and Economy (PM&E) and Luxury and Lifestyle (L&L)—reported results in line with the outlookContinue Reading

IHG Acquires 20th Brand, Ruby, to Further Global Expansion

InterContinental Hotels Group PLC (IHG) acquired the Ruby brand and related intellectual property for an initial purchase consideration of €110.5 million (~$116 million) from Ruby SARL. Ruby is an urban lifestyle brand for modern travelers in city destinations that provides hotel owners with space-efficient designs and a flexible concept thatContinue Reading

Hotel Spero Joins IHG’s Vignette Collection

ATLANTA, Georgia—IHG Hotels & Resorts welcomed Hotel Spero to the Vignette Collection. Near San Francisco’s Union Square and the Theater District, this latest addition to IHG’s luxury and lifestyle portfolio, owned by an affiliate of Fairwood Capital and operated by Aperture Hotels, marks the brand’s first hotel to open onContinue Reading

Dreamscape Hospitality to Manage Portfolio of New Orleans Hotels

NEW ORLEANS, Louisiana—Dreamscape Hospitality announced its selection to manage a portfolio of independent lifestyle boutique hotels in the Garden District of New Orleans. “We are honored to bring our expertise to this exceptional collection of boutique hotels in New Orleans,” shared Adam Patenaude, president, Dreamscape Hospitality. “This venture represents anContinue Reading

CoStar, TE Slightly Adjust Growth Projections in First U.S. Hotel Forecast of 2025

WASHINGTON—CoStar and Tourism Economics made minimal adjustments to growth projections in the first U.S. hotel forecast of 2025 released at the Americas Lodging Investment Summit (ALIS). For 2025, projected gains in average daily rate (ADR) and revenue per available room (RevPAR) were unchanged from the previous forecast, +1.6 percent andContinue Reading

Mike Deitemeyer Joins the Rockbridge Holdings Team

Mike Deitemeyer joined Rockbridge as executive vice president of Rockbridge Holdings and president of its development company. As the company looks to scale and grow in the luxury and lifestyle segment, Deitemeyer will lead strategic affiliates beginning with its newest acquisition, ZaZa Hotels and Resorts. With a background spanning operations,Continue Reading

Rockbridge Acquires Three Hotel ZaZa Properties in Texas

Rockbridge acquired the Hotel ZaZa Houston Museum District. COLUMBUS, Ohio—Owner and developer Rockbridge announces the acquisition of three luxury lifestyle Hotel ZaZa properties in Texas. These distinctive hotels include the 159-room Hotel ZaZa Austin Downtown, the 166-room Hotel ZaZa Dallas Uptown, and the 315-room Hotel ZaZa Houston Museum District.  All threeContinue Reading