Condos Help Seal Hotel Financing Deals
With lenders today having virtually no appetite for large-scale resorts or convention hotels, developers in search of financing for high-end product are...
Inhospitable Hotel Management Contracts?
Hamstrung by long-term management agreements signed during better economic times, some hotel owners are mounting legal challenges to revise contract terms....
Starwood Sells Two Mid-Atlantic Hotels
Further reducing their debt, Starwood Hotels & Resorts has agreed to sell two Washington, D.C.-area hotels to CNL Hospitality Properties Inc. for $104...
Report: Hotels Scrape for Added Fees
With the lodging industry struggling against a protracted slump, many desparate hoteliers are tacking on new fees on services ranging from early departures...
Midtown Hotel Trades for More Than $100M
A 730-room midtown Manhattan hotel has sold for more than $100 million. The buyer, a partnership between Highgate Holdings, Oxford Lodging and the Goldman...
Holding On Until Recovery Comes
The scenario is all too familiar: For the third straight year the hotel industry is faced with lackluster demand and declining revenues. As the sector...
Top 25 Hotel Owners
Survey rankings are based on the total number of hotel rooms owned as of Dec. 31, 2002. Companies also were asked to provide the total number of hotels...
Denver Hotel To Be Reinvented As $45M Mixed-Use Project
A shuttered Denver hotel property will soon be reinvented as a mixed-use project featuring nearly 300 luxury apartment units, restaurant and retail space....
LaSalle Buys Resort Near D.C for $115.8M
In one of the largest single asset hotel sales this year, a struggling Washington D.C.-area resort hotel has traded for $115.8 million. LaSalle Hotel...
NYU Lodging Conference: Hotel Industry Poised For Growth
The good news from New York University’s Lodging Industry Investment Conference, which convened in Manhattan earlier this week, is that the hospitality...
More Hotel Distress Signals
Delinquencies on hotel loans are escalating as cash-strapped owners and managers grapple with an unyielding slump. With rising unemployment, tight reins...
Spiffing Up for Recovery
Betting that the travel slowdown will soon pass, some brave owners and operators of branded hotels are sprucing up their properties. That means converting...
Hilton struggles through first quarter
Hilton Hotels Corp.’s profit in the first quarter of 2003 plunged 74% from one year earlier as the sluggish economy and Operation Iraqi Freedom limited...
Lodging still down, but supply side in control, reports STR
The U.S lodging industry posted a 1.1% occupancy drop during the first quarter of 2003 vs. the first quarter of 2002. Meanwhile, the average room rate...
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