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...
Big boost in convention business predicted for San Diego, San Francisco and Washington
New York-based UBS Warburg predicts that San Diego, San Francisco and Washington, D.C., are the markets that will experience the biggest increases in...
Hilton completes $520 million sale-leaseback
Hilton Group PLC has sold a 60% interest in 10 hotels in the United Kingdom to the Rotch Group and the Farnsworth Group, both based in London, for $520...
Seller Beware
THE BIGGEST HOTEL SALE so far this year Host Marriott Corp.'s $214 million purchase of the Boston Marriott Copley Place in June shows how the negotiating...
Slow Recovery at the Inn
THE HOTEL BUSINESS ALREADY was faltering in the third quarter of 2001. Then, as the boom of the 1990s ran out of gas, the Sept. 11 terrorist attacks precipitated...
READY TO POUNCE
IF ANY PERIOD COULD BE CONSIDERED THE WORST OF TIMES for a company, it would be the fourth quarter of 2001 for Host Marriott Corp. (NYSE: HMT). Like its...
Counting on a Rebound
Loews Hotels has just opened its third and biggest resort in the land of theme parks. A few months ago, prospects for another 1,000-room hotel in the...
GOING GLOBAL
PROPERTY MANAGEMENT ASSIGNMENTS ARE GETTING bigger these days, and they're taking on more of an international flavor. Take two of the major deals Chicago-based...
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