Simon Says
Starwood Hotels & Resorts Worldwide's new president of global development, British native Simon Turner, has built the reputation of an executive who stays calm under pressure...
Hotel Real Estate Legend Greg Dillon Dies
Greg Dillon, long-time Hilton executive, close confidant of Barron Hilton and legend in the hotel real estate industry, died Wednesday at his home in Los Angeles at age 86....
Indoor Waterpark Development Slows
After steady growth for the past five years, the number of new indoor waterpark resorts in the U.S. and Canada is expected to decline this year, according to a new report. ...
Top 25 Hotel Markets Run Into Major Headwinds
A dismal performance for the U.S. economy in the fourth quarter of 2008 led to a weak showing for the nation’s top 25 hotel markets, according to Smith Travel Research, providing further evidence that the recession is taking a toll on the hospitality industry....
Reviving the CMBS Market
Vital signs are dangerously low in the commercial mortgage-backed securities market. A threefold dilemma of slashed bond prices, weakening mortgage performance...
The Patient Buyer
In the dead of January under gray skies and gloomy headlines, savvy hotel investors see a glimmer of light off in the not-too-distant future. The growing...
More Developers Abandon Hotel Projects
In a fresh sign of weakness in the hotel sector, the number of guest rooms abandoned in the construction pipeline rose 75% in November, compared with the same period a year ago, according to Smith Travel Research. ...
Casino Hotel Development Folds
The capital markets meltdown and plunging economy have conspired to kill the most prolific casino hotel expansion ever....
Casino Hotel Development Folds
The capital markets meltdown and plunging economy have conspired to kill the most prolific casino hotel expansion ever. Struggling with liquidity concerns...
More Rooms, But Fewer Guests
The coming year is shaping up to be a dark hour for the lodging industry. In 2002, in the aftermath of the terrorist attacks on 9/11, average hotel occupancy...
Trouble Builds in Hotel Construction
Developers are adding to the global supply of hotel rooms at an astonishing pace even as per-room revenue and occupancy rates decline for most of the world. ...
Interstate Pares Fourth-Quarter Revenue Expectations
Against the backdrop of rising hotel supply and lower occupancy rates, Interstate Hotels & Resorts has attempted to shield itself from the ongoing economic downturn with a diversified earnings base....
Hotel Fundamentals Fall While Opportunities Rise
Morris Lasky doesn't mince words when discussing the fragile state of the U.S. lodging market, which is burdened by a deepening recession and a raft of...
Forecast Projects Rough Waters Ahead for Hotel Industry
Smith Travel Research based in Hendersonville, Tenn. Today released its revised 2008 and 2009 forecasts and its projections for the U.S. hotel industry’s performance in 2010....
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