• 2016 Lodging Industry Enjoys Positive Cycle

     
    POSTED July 24, 2017
     

The hotel industry’s performance during 2016 was solid in most Michigan markets and the year ended on a positive note, reports Charles Skelton of Hospitality Partners in Ann Arbor. The firm has tracked the state’s lodging sector performance for years.

“We are at the point in our cycle where gains in occupancy will be much slower while rate will continue to increase, but at a more reasonable pace," says Skelton in his firm’s spring/summer newsletter released earlier this month.. "I think 2017 will be a solid year with softening coming in 2018 and 2019. To what degree that softening takes place really depends on what happens nationally."

Detroit’s renovated Cobo Convention Center is receiving rave reviews, Skelton adds. “Coupled with the sports teams, bars and restaurant activity, and the newly arrived residents, the D is heading into the century reclaiming some of its glory as the 1940s and 1950s when it was truly a world-class city and an engine for the Midwest.”

After several months of renovations, the DoubleTree by Hilton Philadelphia-Valley Forge is now open as the Alloy – King of Prussia, a DoubleTree by Hilton.

 

After almost 20 years of vacancy, the Cook County Hospital in Chicago will be put to use once again. A $150 million adaptive reuse project restored the historic, 106-year-old hospital, which has become a combined Hyatt Place and Hyatt House hotel, as well as medical offices, a museum, a food hall and more. While the opening is multi-phased, the hotels are scheduled to open in late July.  

 

Doctors, nurses, grocery store employees and more were essential to sustaining the continued stay-at-home orders that helped fight the spread of COVID-19. Such workers put their health at risk for the benefit of society, and Nakoma Resort and the Lost Sierra Chamber of Commerce want to recognize them for their efforts through the “Send Your Heroes” campaign.