Starwood withdraws guidance for 2003
Starwood Hotels & Resorts Worldwide announced on Monday that it has withdrawn its first-quarter and full year 2003 guidance, citing the Gulf War’s effect...
Capitalizing on Timeshares
The timeshare business, once considered the low-rent district of the lodging industry, now looks like a lifesaver for major hotel chains. While U.S. hotel...
Starwood reports 12% revenue increase for ’02
Although its near-term forecast is clouded by the United States’ potential conflict with Iraq, Starwood Hotels & Resorts Worldwide Inc. has reported a...
Will Sale of 14 Wyndham Hotels Break the Transaction Logjam?
If hotel sales finally rebound in 2003, market watchers may point to one of the last deals of 2002 as a crucial moment. In December, Dallas-based Wyndham...
Hotel Chains Take Back the Web
Discount Web sites have become habit-forming for hotel companies. Using sites such as Expedia, Travelocity and Priceline to fill empty hotel rooms with...
Pritzker: No plans to take Hyatt public — yet
Despite widespread speculation that the Hyatt hotel chain — owned by the influential Pritzker family of Chicago — may go public as part of the family’s...
Forecast 2003
As 2002 limps across the finish line, the men and women who run the commercial real estate industry are looking to the Middle East for hints of what 2003...
Hotels: Still Too Much Room at the Inn
No other corner of the commercial real estate industry has been victim to as many converging trends as the hotel sector: Corporations are cutting back...
Upscale Hotel Brands Headed for Smaller Towns
Can it be that the future of the Westin and Sheraton brands is in places like Normal, Ill.? It might sound unlikely, but Starwood Hotels & Resorts Worldwide...
Suburbia is the next frontier for Sheraton and Westin
Starwood Hotels & Resorts Worldwide Inc. has unveiled a strategy to expand its upscale Westin and Sheraton brands into secondary and tertiary markets...
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