Travelers staying five nights or longer accounted for 37% of the hotel room nights sold in the U.S. in 2004. Yet, only about 5% to 6% of all hotel rooms in the U.S. are considered extended-stay...
Now that Phase I of the hotel market's recovery is complete, with vital signs improving on all fronts, what's next? Phase II promises to result in a wave of new construction and rising hotel values on the heels of...
As development activity heats up in the select-service hotel sector, Starwood Hotels & Resorts Worldwide is stepping up plans to roll out its new affordable brand — aloft. The select-service brand was created by...
Abuilding boom is under way in the limited-service hotel sector, also known as midscale without food or beverage. Approximately 25,800 rooms are under construction — and another 17,898 rooms are in the planning stages...
Following one of the worst industry downturns ever from 2000 to 2003, hotel developers are back in full swing but with a new twist: An upscale product known as select service has emerged as one of the fastest growing...
Capitalizing on travelers' growing demand for boutique hotels with high style and personalized service, San Francisco-based Kimpton Group Holding LLC launched a $157 million acquisition fund in June. The newly formed...
With the lodging industry clearly in the recovery mode and tourism on the rise, hotel owners are increasing room rates in hopes of elevating profits to levels not seen since 2000. And with demand outstripping supply...
On the heels of The Blackstone Group's announcement in June that it will acquire Wyndham International Inc., hotel industry insiders say the New York-based private investment group could emerge as a major player in...
From Boston to Los Angeles, developers are busy converting existing hotels to one of the hottest concepts in the lodging and real estate industries today — condominium hotels. In many cases, developers are working...
Long a dominant player in the full-service business and leisure hospitality sector, Hilton Hotels Corp. is relaunching an upscale brand in the limited-service segment that appeals to consumers and offers developers a...
