Unconventional Wisdom
Just northeast of Charlotte, N.C., John Q. Hammons Hotels & Resorts LLC is putting the finishing touches on its Embassy Suites Hotel Charlotte-Concord Resort and Spa set to open this month. ...
Hotel Owners Can Avoid Property Tax Surprises
The feverish pace of hotel acquisitions over the past two years has driven sale prices to record levels. Assessors tend to use high sale prices as the basis for property tax calculations. ...
MANAGEMENT-LED BUYOUT TARGETS MAJOR HOTELIER
Four Seasons Hotels (NYSE:FS), one of the world's most luxurious hotel brands, announced plans to go private in November....
Hotel Development Pipeline Swells
Buoyed by strong occupancies and room rates, the hotel industry is poised to embark on its biggest construction binge since the go-go days of the late 1990s...
Blackstone To Buy Extended Stay America for Nearly $2 Billion
Private equity firm Blackstone Group has agreed to acquire lodging chain Extended Stay America for $1.99 billion. With the purchase, Blackstone will assume...
Expect Flurry of Lodging IPOs This Year, Says Report
PricewaterhouseCoopers forecasts a dramatic increase in IPO activity within the U.S lodging industry for 2004. The firm estimates that four to seven IPOs,...
Starwood Beats Wall Street Estimates
Despite a 4.4% decline in profits, Starwood Hotels & Resorts Worldwide beat Wall Street estimates for the fourth quarter of 2003. Starwood — which owns...
Report: Internet Hotel Bookings On the Rise
Internet hotel bookings are expected to double its share of total lodging demand through 2005, reports PricewaterhouseCoopers. Hotel bookings made on...
Smith Travel: 2004 Will Be Solid for Lodging Industry
Occupancy rates improved in the U.S lodging industry last year, despite a small decline in average room rate. Smith Travel Research reports that average...
Despite Weakness in the Sector, Lenders Are Optimistic About Hotel Recovery
The hotel industry is ripe for recovery, and many banks and lending institutions seem eager to write loans on hospitality projects that were shunned two...
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