Report: Internet Hotel Bookings On the Rise 

Feb 2, 2004, By Parke Chapman

Internet hotel bookings are expected to double its share of total lodging demand through 2005, reports PricewaterhouseCoopers. Hotel bookings made on...

Smith Travel: 2004 Will Be Solid for Lodging Industry 

Jan 26, 2004, By Parke Chapman

Occupancy rates improved in the U.S lodging industry last year, despite a small decline in average room rate. Smith Travel Research reports that average...

Despite Weakness in the Sector, Lenders Are Optimistic About Hotel Recovery 

Jan 23, 2004, By Morris Newman

The hotel industry is ripe for recovery, and many banks and lending institutions seem eager to write loans on hospitality projects that were shunned two...

Stabilizing Room Rates Bode Well for Robust Hotel Recovery, Say Experts at ALIS Conference 

Jan 22, 2004, By Morris Newman

Increasing consumer confidence in the safety of air travel is heralding good news for the traumatized lodging sector, according to forecasters at the...

MeriStar Sells Four More Hotels for $33.9M 

Jan 14, 2004, By Parke Chapman

National hotel REIT MeriStar Hospitality Corp. has sold four hotels to two separate buyers. Gross proceeds from the sale of the hotels in Connecticut,...

Heightened Terror Concerns Cut into Holiday Lodging Occupancy 

Jan 9, 2004, From staff and wire reports

Terrorism fears prompted by the "Orange Alert" forced U.S hotel occupancy down by nearly two percentage points over the Christmas holiday. PricewaterhouseCoopers...

Hotel Owners Reach For A Lifeline 

Jan 1, 2004, BY STEVE WEBB

The spiraling decline in hotel profits since the record-breaking year of 2000 when pretax operating profits topped out at $13,481 per room has been nothing...

Hotel Partnership Buys Two Properties for $212 Million 

Dec 24, 2003, From staff and wire reports

A partnership between CNL Hospitality Properties Inc. and Hilton Hotels has bought two hotels — the 394-room Hilton La Jolla Torrey Pines outside of San...

Arizona Hotel Gets $33.5 Million First Mortgage 

Dec 10, 2003, By Parke Chapman

The Sonnenblick-Goldman Co. has arranged a $33.5 million first mortgage for Arizona’s Scottsdale Marriott at McDowell Mountains. An unnamed domestic investment...

Coping with Higher Insurance Costs 

Dec 1, 2003, Robyn Taylor Parets

The hospitality industry, already reeling financially from a fallout in business and leisure travel, is now dealing with another blow: the highest insurance...

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