Sign In
Free Newsletter
Va. Beach vacation company acquired by Calif. company
Mill Valley, California-based Vacatia Inc. has acquired Virginia Beach-based hospitality and vacation ownership company VSA Resorts, the timeshare owner and property management services provider announced Jan. 3. Financial details of the transaction were not disclosed. VSA owns three Virginia Beach properties: Ocean Key Resort, Atrium Resort and Ocean Sands Resort. The company also manages wholly-[...]
Va. hotel revenues down 19% from Nov. 2019 levels
Virginia hotel revenues in November were 19% below November 2019 levels, according to data released Wednesday by STR Inc., a CoStar Group division that provides market data on the U.S. hospitality industry. During the same period, hotel rooms sold decreased by 12% compared with 2019 levels. The average daily rate (ADR) paid for hotel rooms […]
Hotels hit by supply chain disruptions
Supply chain disruptions are negatively affecting business revenue for nearly three in four hotels (74%), according to survey results released Wednesday from the American Hotel & Lodging Association (AHLA). Supply chain disruptions were moderately or significantly impacting operations of 86% of respondents. More than half (52%) reported that the issue had worsened over the past […]
Downtown Richmond Marriott gets new GM
The downtown Richmond Marriott has a new general manager. Lars Friedriszik has been named general manager of the 410-room hotel, which is managed by White Lodging and owned by Apple Hospitality REIT Inc. Friedriszik was previously the assistant general manager at the hotel in 2018, but left to serve in other management roles at White […]
