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Hotel-Condos: A Broken Promise?
Jul 1, 2008
Summertime in Las Vegas might be more scorching this year than usual due to the heat from a growing number of condo hotel lawsuits....
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Trump: Greatest Real Estate Opportunities Have Moved Overseas
Jun 4, 2008
Once the place for the world’s great investors to park their money, the United States is no longer the kingpin for generating business opportunities and has lost respect around the globe, says famed real estate developer Donald Trump, who is convinced that the situation is not irreversible....
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High Cost of Capital Drives Down Hotel Values
Jun 4, 2008
NEW YORK — Hotel values are dropping even as net income in the industry rises. The value per hotel room in the United States fell from $95,000 in 2007 to $91,000 in 2008, according to Stephen Rushmore, president and founder of Mineola, N.Y.-based HVS Hospitality Services, who spoke at 30th annual New York University International Hospitality Industry Investment Conference....
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Is Worst of the Downturn Past?
Jun 4, 2008
NEW YORK — The economy and gas prices are affecting hotel demand. For every 10% increase in gas prices, there is a correlating 0.5% decline in hotel demand, says Bjorn Hanson, a hospitality and leisure researcher for PricewaterhouseCoopers. ...
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Weak GDP Forecast Puts Strain on U.S. Hotel Market
Jun 3, 2008
NEW YORK — As gross domestic product goes, so goes the U.S. hotel industry. The two are inextricably linked. Just ask J. Willard Marriott Jr., chairman and CEO of Marriott International Inc., who in his illustrious career has weathered at least six economic downturns....
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Hotels Most Vulnerable to Recession Scenario
Apr 2, 2008
Is the U.S. economy in recession? That question is a matter of debate based on the responses of two prominent real estate experts during a recent Webinar on the outlook for the economy and real estate....
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Hotel Firms Facing Rocky Start to 2008
Feb 26, 2008
New forecasts by several publicly traded hotel companies, including Marriott International, Host Hotels & Resorts and Starwood, foreshadow continued uncertainties in the hotel industry....
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China's Long Jump
Feb 1, 2008
Visitors to the Olympics in Beijing this August may be surprised to find that China is rapidly becoming a modern country a place where business people...
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Lodging Loses Altitude
Jan 1, 2008
After a four-year run of steady revenue growth and profitability, hotel owners and operators can expect some air to come out of the balloon of the high-flying...
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Midtown Atlanta Lures Luxury Hotelier
Dec 1, 2007
When native Atlantans think of the Loews brand, they're typically referring to the former Loews Grand Theater in which Gone With the Wind premiered in...
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Will Hotel Investment Frenzy Fizzle?
Dec 1, 2007
The prosperity of the U.S. hotel industry has always tracked the fortunes of the general economy. The lodging sector sank into its last major downturn...
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LAX Hotel Changes Hands
Nov 7, 2007
A Radisson Hotel located at Los Angeles international airport has sold for $93 million. San Diego-based Pacifica Cos. sold the 580-room hotel ...
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Betting on Detroit
Nov 1, 2007
What happens in Las Vegas may stay in Vegas, but what's happening in Detroit is no secret. The Motor City has unveiled the $800 million MGM Grand Detroit...
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Covering All Bases
Nov 1, 2007
Left-handed batter or right-handed batter? Interstate Hotels & Resorts is ambidextrous. Arguably one of the largest third-party hospitality operators...
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Beijing Hotel Boom
Oct 1, 2007
As developers in Beijing rush to complete more than 10,000 new hotel rooms before the Olympics next summer, there is concern that the building surge could...
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Will the Hotel Industry Overbuild?
Sep 1, 2007
In January, Ashford Hospitality Trust, a Dallas-based REIT, announced the $2.4 billion acquisition of 51 hotels that had been part of CNL Hotels and Resorts....
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An Adventurous Ride in Emerging Markets
Sep 1, 2007
Hotelier Sant Singh Chatwal is building his in a place with the unlikely name of the Backwaters, a complex of lagoons and lakes linked by countless canals...
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