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Hospitality Management Corp. Signs Two New Contracts SAN ANTONIO—Hospitality Management Corp. has taken over the management of two hotels near the San Antonio International Airport, a Holiday Inn Express & Suites and a Comfort Suites. Continued... Posted Today - 10:52:36 AM |
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 Speakman Appoints First Non-Family Member To President's Post NEW CASTLE, DE—The Speakman Company, which supplies showerheads to the hospitality industry, has appointed Rob Cook as its sixth president and the first non-family member to lead the company in its 141-year history. Continued... Posted Today - 9:27:16 AM |
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Hilton Brand To Raise A Second Flag In Russia GELENDZHIK, RUSSIA—Hilton Worldwide has signed a franchise agreement with InvestGroup Hotel, LLC, to open a new Hilton hotel here. Continued... Posted Today - 12:56:58 AM |
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Starwood Fourth Quarter 2009 RevPAR Fell 8%; W Hollywood Hotels & Residences Opens WHITE PLAINS, NY—Starwood Hotels & Resorts Worldwide reported that fourth quarter system-wide worldwide RevPAR declined 7.9%, compared to the same period in 2008. Continued... Posted Today - 12:53:18 AM |
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Mansion on Peachtree Sold ATLANTA, GA—The 127-room Mansion on Peachtree Hotel here, which has been in foreclosure, has been sold to an affiliate of its lender. Continued... Posted Today - 12:46:01 AM |
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R.D. Olson's Cromwell Named To Board For Pediatric Cancer Research Foundation IRVINE, CA—Tim Cromwell, director of business development for R.D. Olson Construction, based here, has been named to the board of directors for the Pediatric Cancer Research Foundation. Continued... Posted 2/5/2010 - 3:26:17 PM |
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Atlanta Airport Clarion Rebranded A Wyndham ATLANTA, GA—A 231-room Clarion Hotel here has become the Wyndham Garden Atlanta Airport South. Continued... Posted 2/5/2010 - 11:52:57 AM |
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Upcoming Hunter Conference To Address Recovery, Recapitalization Issues ATLANTA—Carrying a theme of "What's Your Game Plan," the 22nd annual Hunter Hotel Investment Conference will be held at the Marriott Marquis here next month and will feature more than 100 speakers in 16 breakout sessions, 9 roundtable and 10 main tent sessions. Continued... Posted 2/5/2010 - 9:30:25 AM |
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Hilton Returning To Panama With Four Properties BEVERLY HILLS, CA—Hilton Hotels Corp. has made a significant return to Panama with the signing of four multi-year agreements involving franchises and corporate management contracts. Continued... Posted 5/14/2009 - 12:17:52 PM |
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Kimpton Schedules Baltimore Debut BALTIMORE, MD—Kimpton Hotels & Restaurants enters the Baltimore market this summer with the opening of a 202-room Hotel Monaco. Continued... Posted 4/23/2009 - 7:33:08 AM |
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PKF Forecasts Deep, Long Recession For Hotel Industry ATLANTA—According to the latest report from PKF Hospitality Research, U.S. hotels have entered the initial stages of one of the deepest and longest recessions in the history of the U.S. lodging industry. Continued... Posted 12/10/2008 - 9:51:35 AM |
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Red Roof’s First NextGen Prototype Property Opens LOCUST GROVE, GA—Red Roof’s first new NextGen prototype property has made its premier here. The 64-room, newly constructed property is a franchise. Continued... Posted 4/16/2009 - 10:37:03 AM |
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Jones Lang LaSalle Hotels Forecasts New RevPAR Record By 2013 CHICAGO—According to Jones Lang LaSalle Hotels, based on its five-year forecast, RevPAR will reach $68.28 in 2013, thereby exceeding the previous RevPAR peak in 2007. Continued... Posted 5/12/2009 - 11:35:52 AM |
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Hotel Foreclosures Seen In '09 Outlook
TAMPA, FL—A hotel foreclosure environment will exist in 2009 if negative RevPAR trends continue, according to the Plasencia Group and several analysts’ declining RevPAR forecasts. Continued... Posted 12/11/2008 - 9:20:37 AM |
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PKF Capital Forms Distressed Hotel Solutions Program SAN FRANCISCO—In response to the increasing number of financially troubled U.S. hotels, PKF Capital has launched a Distressed Hotel Solutions Program. Continued... Posted 12/15/2008 - 10:14:18 AM |
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W Scottsdale Enters Foreclosure SCOTTSDALE, AZ—Open less than six months, the 224-room W Hotel & Residences here has entered foreclosure. Continued... Posted 4/14/2009 - 7:57:59 AM |
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Marriott takes another green laundry step with pre-washed towels
BETHESDA, MD—Greening the supply chain is one of the key points in Marriott International’s environmental strategy and the effort extends through its hotel operations up to—and including—the upgrades it is making in its laundries. And such upgrades have now extended to what are called “room-ready towels,” which are saving an estimated six million gallons of water annually. Continued... Posted 10/7/2009 - 12:52:31 PM |
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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 |
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Cornell's hotel school continues to show the way for
tomorrow's hospitality executives through Dean's Lecture Series It’s the first day of class at Cornell University and its prestigious School of Hotel Administration in Ithaca, NY, and the school’s home, Statler Hall, is buzzing with students as the realities of a new school year and the memories of summer switch mental positions. Continued... Posted 9/21/2009 - 3:44:27 PM |
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Goldman Steps Down As Sunstone CEO To Take Top Hilton Development Job SAN CLEMENTE, CA— Steven Goldman, president and CEO of Sunstone Hotel Investors, has resigned to become president of Hilton Hotels Corp's global real estate and development group. Continued... Posted 3/6/2008 - 1:55:41 PM |
- Featured Columns
Dennis Nessler, Editor, Hotel Business It’s no secret that franchisees are looking for help from wherever they can get it during these difficult economic times. Whether it’s lower fees, a relaxation of standards or aggressive marketing support, they are looking to their respective flags to help them keep their hotels in the black. Continued... |
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Greg Hartmann At the recent Lodging Conference in Phoenix, I found it interesting how just about everybody continues to lament the significant difference between “bid and ask” as the major rationale for the lack of transactions taking place in the face of unprecedented distressed asset availability. Most seem to blame the sellers as “unrealistic” regarding the amount of distress currently being experienced and expected in the near future. Continued... |
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