News in brief: Hurricane Odile, RLJ, Airbnb

Hurricane Odile hits Mexico: Hurricane Odile was downgraded to a Category 2 hurricane Monday morning after making landfall at the southernmost tip of Mexico’s Baja California peninsula, but torrential rains still are expected in Baja California, Sonora, Nayarit, Jalisco, Durango, Colima, Chihuahua and Michoacán.

Read more at CNN 


RLJ acquires Key West hotel: RLJ Lodging Trust acquired the 215-room DoubleTree Grand Key Resort in Key West, Florida, for US$77 million, or approximately US$358,000 per key.

Read more at MarketWatch


Coalition wants NYC to crack down on Airbnb: The coalition, which includes more than 100 elected officials, housing groups and a hotel workers’ union, wants the New York mayor’s office to enforce the state law banning short-term apartment rentals.

Read more at NY Daily News


White paper outlines the effect of management agreements: Due to the recently issued 11th edition of the Uniform System of Accounts for the Lodging Industry, founder of hotelAVE Michelle Russo published a white paper to discuss the effects for management agreements.

Click here to download the white paper