Eric Stoessel

Eric
Stoessel
Articles
Hotel Makeover in Michigan
Hi, do you want to buy a Ritz-Carlton in Dearborn, Michigan? When veteran hotel broker John Jameson posed that question to prospective buyers this spring
Autograph at 11 and Counting With Hotel Duval
Although Marriott’s not even halfway to its year-end goal of 25 members for its new Autograph Collection, Kip Vreeland, the collection’s vice president, is confident the number is within reach.
As Guests Return, Keeping Them Happy Becomes Challenge
Many of the usual suspects are back on top of this year’s North America Hotel Guest Satisfaction Index Study from J.D. Power and Associates, but what is somewhat surprising is overall guest satisfaction increased in all six segments.
Independent, Midscale Hotels Provide Best Buying Opportunities
Although the biggest and most expensive distressed hotel assets have garnered the lion’s share of attention over the past 18 months, in reality it’s the upscale and midscale hotels without food and beverage that have been hit hardest
Foreclosures Reveal Red Roof Inn Distress
Over the past two weeks, three separate foreclosure lawsuits have been filed on behalf of bondholders against properties owned by Red Roof Inns, clouding the future of one of the leading players in the lodging industry’s economy segment.
CityCenter Raises the Stakes in Vegas
MGM Mirage CEO Jim Murren called CityCenter’s opening a “game changer.” So did Bill McBeath, the president and CEO of Aria and Vdara. Rick Fedrizzi, the founder and CEO of the U.S. Green Building Council, called it “transformative.”
Distress a Boon for Asset Managers as Hotels Go Bust
Q&A with Richard Warnick, president, Warnick + Co.
Sheraton Orlando Sale Sparks Hope for Uptick in Hotel Transactions
Mixed amid the recent wave of bankruptcies, defaults and foreclosures, there has been a trickle of hotel transactions sparking hope that distressed assets can and will be sold.
Hoteliers Strategize on Rates as Revenue Declines
Bharat Patel got right to the point about three minutes into the opening general session of the second annual Midwest Lodging Investors Summit earlier this week.
Bailout Plan Could Help Industry
Phil Gordon has simple advice for hotel owners looking to refinance today: "Go take a long nap."

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