Branded hotels comprise an increasingly large portion of the global hotel supply, with nearly 50 percent of them managed by third parties, according to JLL.
The Lum Hotel Los Angeles Stadium District, part of PM Hotel Group’s management portfolio, is undergoing comprehensive renovations to be transformed into a Tapestry by Hilton property, with the official rebranding expected to occur in late 2025.
Current dynamics in Washington, D.C., are pulling the hotel market in two directions. In an HNN podcast recording, PM Hotel Group President Joseph Bojanowski and D.C.-based CoStar News reporter Jonathan Lehrfeld shared their observations of the market and how recent events have both boosted the city and added new levels of uncertainty.