DoubleTree Posts 49-Property Growth for 2012
Monday January 28th, 2013 - 8:30AM
These are shortcuts to your favorite social networking and bookmark sites. Add this story to your Facebook page, del.icio.us, DiggIt, and many others!
MCLEAN, VA—DoubleTree by Hilton added 49 hotels to its portfolio in 2012 and expects to meet or exceed that pace in 2013 with both new-build and conversion hotels in the development pipeline.
Leading the brand’s growth are conversion projects, located predominantly in the Americas and Europe.
Of the properties opened, 31 hotels were in the Americas, 11 in Europe and seven in Asia Pacific.
The brand also inked more than 75 deals for hotels to open through 2020, at least 25 of which are planned in the Americas;
Tags: Hospitality Ownership
The most recent NYU Conference, earlier this month proved, once and for all, that the lodging industry has finally turned the corner and happy days are, indeed, here again. While the economists and pundits all provided plenty of anecdotal evidence to bear that out in terms of supply and demand ratios, RevPAR projections, asset values and all the other metrics, that’s not what has me convinced.