Small Business Jobs Bill Helps Lodging, But It’s No Panacea
Despite opposition from Republicans, Congress recently passed and President Obama signed into law the Small Business Jobs and Credit Act of 2010. The legislation could prove to be a boon for some hotel real estate entrepreneurs...
Hotel Rates are on the Rise
New York City tops a list of five U.S. markets where hotel rates are climbing, according to Hendersonville, Tenn.-based data firm Smith Travel Research. ...
Chicago Hotel Indigo Faces Foreclosure
The turnaround of the local hotel market came too late for Hotel Indigo in the Gold Coast, which has been hit with a $27-million foreclosure lawsuit....
A Hotel Rises in Harlem
If New York City is a harbinger for the future of the hospitality industry, then the prognosis is brightening. Developers are lining up to erect new properties...
Medical Tourism: An Rx for Hotels
Hoteliers seeking new business opportunities should look at medical tourism, particularly now that healthcare reform is changing the landscape of medical care as we know it. ...
Lodging Conference Sound Bites: Government ‘Too Intrusive’
PHOENIX — There is no shortage of drama in the hotel industry these days as evidenced by the programming at last week’s 16th annual Lodging Conference. ...
Worst Is Still To Come For CMBS Hotel Loans, Says Lodging Conference Panel
PHOENIX — The full brunt of the commercial mortgage-backed securities (CMBS) crisis has yet to strike the struggling hotel industry. ...
Smart Hotel Owners Turn Eroding Property Values Into Tax Advantage
Today’s lodging industry is wrestling with weakened revenues and the growing necessity of cost control. Now more than ever, hotel owners and operators are scrutinizing every possible means to reduce expenses....
Omni Continues Aggressive Expansion Plans
It was a big week for Omni Hotels & Resorts. The mid-sized, Texas-based chain bought one hotel and reached a deal to develop and operate another....
Sunstone Buys Royal Palm Hotel in Miami Beach for $126.1 Million
Sunstone Collins, LLC, part of the lodging real estate investment trust (REIT) Sunstone Hotel Investors (NYSE: SHO) was the highest bidder Monday for the Royal Palm Resort hotel in Miami Beach. ...
New Chain Targets Outdoor Enthusiasts
Just when you thought there were no more new segments to exploit in the hospitality industry, one bubbles to the surface....
Utah Company Says it's Offered to Buy Tamarack Resort in Idaho
A Salt Lake City real estate investment company says it has offered an undisclosed sum for Tamarack Resort, the central Idaho ski-and-golf getaway that collapsed in 2008 under hundreds of millions in unpaid debt....
Colliers PKF Consulting USA Expands Southeast Presence
Venerable hospitality research firm Colliers PKF Consulting USA (PKFC) has merged its practice with Jacksonville, Fla.-based Atlantic Hospitality Advisors (AHA). ...
Underperforming Ritz-Carlton Dearborn in Michigan Gets New Life As The Henry
“Hi, do you want to buy a Ritz-Carlton in Dearborn, Michigan?” When veteran hotel broker John Jameson posed that question to prospective buyers this spring on behalf of seller Host Hotels & Resorts, the response he received over and over again was “no”. ...
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