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Amid a competitive hotel market, a Marriott property opens near the Maine Mall

Amid a competitive hotel market, a Marriott property opens near the Maine Mall
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The travel sector is taking off

Two years after the global economy gradually began to reopen, the travel industry is in rude health – and the long-term outlook remains compelling, says Matthew Partridge ....

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First 19 Development Projects Announced Under Marriott's Bridging the Gap Program

As part of Marriott International’s (Nasdaq: MAR) ongoing commitment to diversity, equity and inclusion, the company today announced that the first 19 projects receiving financial support and other incentives through “Marriott’s Bridging the Gap” program will include the company’s Aloft Hotels, Autograph Collection, Fairfield Inn & Suites, Residence Inn, SpringHill Suites, TownePlace Suites and Tribute Portfolio brands. The program, announced in 2022 with a $50 million initial investment from Marriott, aims to build a more diverse Marriott owner and franchisee community by addressing barriers to entry in hotel ownership among historically underrepresented groups including Black, Hispanic/Latino, Native American/First Nation and Women owners. In addition to providing access to valuable capital, Marriott is utilizing its extensive relationships with seasoned hotel developers, operators and lenders to assist and support eligible owners’ hotel projects. ....

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First 19 Development Projects Announced Under Marriott's Bridging the Gap Program

Article - First 19 Development Projects Announced Under Marriott s Bridging the Gap Program - Initiative Designed to Increase Hotel Development and Ownership Among Historically Underrepresented Groups ....

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REIT sells Westlake hotel for $3.6 million

The Sonesta ES Suites in Westlake is the latest extended-stay property shed in Northeast Ohio by an affiliate of Service Properties Trust, a Newton, Massachusetts, company with more than 200 hotels in its stable. ....

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