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Radisson Blu Royal First Hotel In Brussels To Get Green Key Award BRUSSELS—The Radisson Blu Royal Hotel, Brussels, has become the first hotel in the city to gain the Green Key for its environmental efforts. Continued... Posted Today - 8:00:13 AM |
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Jeff David Appointed GM Of Viceroy Anguilla LOS ANGELES—Jeff David was appointed general manager of the Viceroy Anguilla here, part of the Viceroy Hotel Group. Continued... Posted Today - 7:29:40 AM |
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Emerald Suites Portfolio On Block In Vegas LAS VEGAS—Two properties called Emerald Suites, which encompass nearly 10 acres, have come on the block here. Continued... Posted Today - 7:20:56 AM |
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Langham Hotel Set For Beijing Airport Debut In August BEIJING—Located adjacent to the new Terminal 3 of the international airport here, the Langham Place, Beijing Capital Airport is set to open in August. Continued... Posted Today - 7:11:11 AM |
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Black Oak Realty, Turnstone Acquire Cape Inn BOSTON, MA—Black Oak Realty Advisors, a subsidiary of Finard Properties, has acquired the Cape Inn in Provincetown, MA, as part of a joint venture with Turnstone Property. Continued... Posted Today - 6:56:56 AM |
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Wynn Revenues Up $3M In 2Q 2010 LAS VEGAS—As part of Wynn Resorts' financial results for the second quarter ended June 30, 2010, net revenues were $1.0 billion, compared to $723.3 million in the second quarter of 2009, driven by a 74.1% increase in net revenues at Wynn Macau. Continued... Posted Today - 6:48:08 AM |
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Host To Acquire Chicago Westin CHICAGO, IL–Host Hotels & Resorts has agreed to acquire the 424-room Westin Chicago River North Hotel for $165 million. Continued... Posted Today - 6:17:17 AM |
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Jumeirah Group To Launch Venu Brand SHANGHAI, CHINA–The Jumeirah Group plans to launch its Venu brand of lifestyle hotels with a 70-suite property here. Continued... Posted Today - 6:07:27 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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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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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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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 Throughout this downturn the struggles of the industry have been apparent in many ways. Of course, the most obvious indicator is in the performance metrics, but spending a few hours at any of the industry’s major conference events during the past two years would have told the story just as well. Those of us in the press have covered event after event to take the collective pulse of the industry and the reality is there have been barely any signs of life. Until now that is. Continued... |
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Jay Schultz, sr. vp, hospitality group, Hotel Business Within the past year-and-a-half or so, I’ve made literally dozens of presentations assessing market conditions for HOTEL BUSINESS® advertisers and readers. While the sessions included personal opinions supported by published data and research, the news passed along was rarely, if ever, positive. Continued... |
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