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Davidson To Manage, Convert Miami Hotel Into Hyatt DORAL, FL—ING Clarion has appointed Davidson Hotel Co. as the new manager of the Blue condominium luxury resort here. Davidson is also tasked with converting the 240-suite property into what will become known as the Hyatt Miami at the Blue. Continued... Posted Today - 10:48:26 AM |
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Sunburst’s Multifamily Disposition Opens Hotel Investment Door Wider ARLINGTON, VA—Sunburst Hospitality has sold off its Vista on Courthouse apartment building here for $85 million, giving the owner increased capacity to further target hotel investments moving forward. Continued... Posted Today - 10:47:18 AM |
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Cambria Suites Opens In Ft. Lauderdale FORT LAUDERDALE, FL—Choice Hotels International's Cambria Suites brand has added a new hotel in Fort Lauderdale, FL. Continued... Posted Today - 9:13:14 AM |
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Providence Group To Manage Historic Inn ROCKPORT, MA—The Providence Group, LLC has been named manager of the 1850s-era Emerson Inn here. Continued... Posted Today - 8:31:29 AM |
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Hilton Expands In Egypt CAIRO, EGYPT—Hilton Worldwide has signed a management agreement to operate the 485-room Hilton Heliopolis Hotel, which is scheduled to open in 2014. Continued... Posted Today - 12:12:24 AM |
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Icahn Acquires Atlantic City Tropicana ATLANTIC CITY, NJ—An investor group led by Carl Icahn has completed the purchase of the 2,129-room Tropicana Casino & Resort for $200 million. Continued... Posted Today - 12:04:17 AM |
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Starwood Continues International Expansion With 50 Properties In Pipeline WHITE PLAINS, NY—Starwood Hotels & resorts Worldwide, Inc. has announced plans to open 50 new hotels in its Europe, Africa and Middle East division by 2012. Continued... Posted 3/8/2010 - 10:31:26 AM |
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Candlewood Opens In Tallahassee, FL TALLAHASSEE, FL—The Candlewood Suties-Tallahassee has opened here. The hotel is owned by Lakeshore Hospitality, LLC and managed by The Generation Companies, LLC. Continued... Posted 3/8/2010 - 9:15:54 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 In the period since its inception eight years ago, the Americas Lodging Investment Summit (ALIS) has taken its place among the industry’s major events to be sure. But as the first major event of the calendar year, it has become much more than a networking opportunity, as it also serves as something of a bellwether for how the industry is feeling. Continued... |
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Jay Schultz, sr. vp, hospitality group, Hotel Business We’ve all heard the expression “what doesn’t kill us makes us stronger,” and it certainly applies when it comes to the trials and tribulations that our industry continues to face. However, I wish when Friedrich Nietzsche uttered these words for the first time, someone could have whispered in his ear suggesting he replace “stronger” with “smarter.” Continued... |
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