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Mixed Use Project In St. Louis To Include Hyatt Place ST. LOUIS—A Hyatt Place hotel will help anchor the second phase of the development at a mixed use project known as The Boulevard here. Continued... Posted Today - 12:03:12 PM |
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MHI Ready To Rebrand Former VA Radisson Into Crowne Plaza HAMPTON, VA—Following a $4-million renovation and conversion, MHI Hospitality Corp. will open the newly named Crowne Plaza Hampton-Marina Side here this week. Continued... Posted Today - 11:55:46 AM |
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Waldorf-Astoria Collection Opens Its First Guerlain Spa NEW YORK— The Waldorf-Astoria Collection has unveiled its first luxury Guerlain Spa at the landmark Waldorf-Astoria Hotel here. Continued... Posted Today - 8:49:08 AM |
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IHG Creates New Brand Development Position ATLANTA— IHG has created a role of development brand management and marketing and has named Paul Snyder to serve as vp. Continued... Posted Today - 8:42:19 AM |
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Saudi Family Buys Freehold Interest In Paris’ Historic Hotel Prince de Galles PARIS—The Saudi Arabia-based Mussallam family has acquired the freehold interest in the Hotel Prince de Galles here for about $194.8 million. Molinaro Koger arranged the acquisition financing for the family, which has owned the leasehold interest on the property for 16 years. Continued... Posted 10/3/2008 - 11:35:55 AM |
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HB ON THE SCENE:
At Annual Conference, NABHOOD Remains Bullish On Lodging Opportunities ATLANTA—While talk of recession blows across the lodging landscape, the mood remains positive and the attitude is one of can-do by the members of The National Association of Black Hotel Owners, Operators and Developers, Inc. (NABHOOD), who are holding their 12th annual International Multicultural Tourism/Hotel Ownership Summit and Trade Show here at the Atlanta Marriott Century Center. Continued... Posted 7/18/2008 - 7:28:45 AM |
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Encore Hospitality Acquires Sterling Resorts, Realty DALLAS—Encore Hospitality, a subsidiary of Encore Enterprises, has acquired Destin, FL-based Sterling Resorts, LLC and Sterling Realty, LLC from The Sterling Companies via a stock purchase agreement. Continued... Posted 9/11/2008 - 12:09:44 PM |
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IHG's Steve Porter Dies NEW YORK—Stevan Porter, who had served as president, the Americas, for InterContinental Hotels Group, has died. He was 53. Continued... Posted 8/8/2008 - 1:20:02 PM |
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IHG's 'Critically Ill' Stevan Porter Relinquishes Position NEW YORK—HOTEL BUSINESS® has learned that Stevan Porter, who serves as president, the Americas, for InterContinental Hotels Group, has been reported as critically ill following several weeks of hospitalization, with a condition described as deteriorating. Continued... Posted 7/14/2008 - 10:35:55 AM |
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Condo Hotel Market Fallout Seen In $24.8M Sale Of Miami Asset MIAMI BEACH, FL— In what could be construed as fallout from the great condo hotel overbuilding and market collapse that occurred during the past few years, the Breakwater Edison condo hotel here, which was once destined to become one of Nicky Hilton’s Nicky O-branded hotels, has been sold by the property lender, Oaktree Capital, for $24.8 million. Continued... Posted 6/10/2008 - 10:30:55 AM |
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Starwood Appoints New Global Development President WHITE PLAINS, NY— Simon Turner has been appointed as the new president of global development for Starwood Hotels & Resorts Worldwide, Inc. Continued... Posted 4/22/2008 - 11:11:01 AM |
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Hilton Executive Changes Also Involve Carter, Keltner, Wang and Harvey BEVERLY HILLS, CA— In conjunction with its appointment of ex-Sunstone Hotel Investors President and CEO Steven Goldman as its new president of global development and real estate, Hilton Hotels Corp. has also promoted three other executives. Continued... Posted 3/7/2008 - 9:54:21 AM |
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HB ON THE SCENE: Investors, Lenders Analyze Credit Crunch At 2008 Meet The Money HENDERSON, NV— The affects of the credit crunch and the cyclical hotel industry downturn have been discussed across the lodging industry ad infinitum for the past few months, with doom and gloom scenarios the subsequent by product. Today, at the 18th annual Meet The Money conference here, it seemed as if the hotel investment and lending community finally came to grips with these facts and, more importantly, made the first proactive steps toward actually figuring out how to handle it all. Continued... Posted 5/8/2008 - 12:45:24 AM |
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Watermark, W.P. Carey Venture Seeks REIT Status NEW YORK—According to filings with the United States Securities and Exchange Commission, a newly formed venture between W.P. Carey and Watermark Capital Partners—Carey Watermark Investors Inc.—is seeking real estate investment trust (REIT) status in order to acquire, own and dispose of lodging and lodging-related properties. Continued... Posted 4/11/2008 - 5:02:10 PM |
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Sheraton To Open Another 54 Properties By 2009 WHITE PLAINS, NY— As part of Sheraton Hotels & Resorts’ expansion and brand revitalization initiative, the brand is now poised to open 54 hotels with 20,000 rooms by 2009. Furthermore, such an expansion will involve $2 billion worth of new hotel openings in North America moving forward. Continued... Posted 4/8/2008 - 9:49:45 AM |
- Featured News & Columns
Dennis Nessler, Editor, Hotel Business A little more than two years ago, the former Cendant Corp. underwent a major restructuring that resulted in four separate publicly owned companies, one of which ultimately became what we know today as Wyndham Hotel Group. The company leveraged its just prior purchase of the Wyndham flag as the platform for a multi-branded lodging entity designed to stand toe to toe with the industry’s biggest players. Continued... |