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HEI Sells Two Philly Hotels To LaSalle PHILADELPHIA—HEI Hotels & Resorts has sold two of its hotels, the 294-room Westin Philadelphia and the 288-room Embassy Suites Philadelphia-Center City, to lodging REIT LaSalle Hotel Properties for an undisclosed amount. Continued... Posted 9/2/2010 - 6:52:56 AM |
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Portman To Be Honored With Lifetime Achievement Award At ALIS SAN DIEGO—John Portman Jr., chairman of John Portman & Associates Inc., Portman Holdings LLC and AmericasMart, will receive the Lifetime Achievement Award at the Americas Lodging Investment Summit (ALIS). Continued... Posted 9/2/2010 - 6:34:06 AM |
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Alabama Radisson Sold, Goes Independent MOBILE, AL—The Radisson Admiral Semmes Hotel here has been sold for $3.5 million and will operate as an independent under Historic Hotels of America. Continued... Posted 9/2/2010 - 6:20:30 AM |
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Shangri-La Opens Sixth Beijing Hotel BEIJING—Shangri-La Hotels & Resorts has opened its sixth hotel here, the 278-room China World Summit Wing on the top floors of the 81-story China World Tower. Continued... Posted 9/2/2010 - 5:29:15 AM |
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Hilton Pittsburgh Names New Manager PITTSBURGH—Prism Hotels & Resorts has been named to manage the downtown Hilton Hotel here. Continued... Posted 9/2/2010 - 4:55:44 AM |
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Aloft Debuts In Europe BRUSSELS, BELGIUM—The Thornsett Group has opened a 147-room Aloft Hotel here, the upper-end select-service brand's first flag in Europe. Continued... Posted 9/2/2010 - 4:49:38 AM |
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Goldman Resurfaces As CEO Of Starwood Capital's French Holding Co. GREENWICH, CT—Steven Goldman has been appointed CEO of Groupe Du Louvre, one of Starwood Capital Group's portfolio investment holding companies located in France. Continued... Posted 9/1/2010 - 1:28:06 PM |
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 IBAHN Appoints Cashman VP Americas SALT LAKE CITY – iBAHN appointed Steve Cashman vice president, Americas. Continued... Posted 9/1/2010 - 10:03:18 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
Jay Schultz, Sr. VP, Hospitality Group As the summer comes to a close and we look ahead to the more prosperous times that have been predicted by many, I think of several adages that appropriately describe the economic downturn that plagued our industry over the last few years. Continued... |
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Dennis Nessler, Editor, Hotel Business One of the staples of our annual Franchise Report is the comprehensive fees report culled together with the cooperation of all the brand companies. As I pour over the many numbers this year, one thing that jumps out at me is there are few meaningful changes from last year. Continued... |
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