A pair of hotels — a 200-room Sheraton and a 260-room Westin — that will soon be added to the 700-plus Starwood Hotels & Resorts Worldwide properties are signaling a major turning point for the White Plains, N.Y...
The Asia-Pacific region has become the new land of opportunity for hotel companies. And China, with its explosive economic growth, burgeoning tourism market and bustling business centers, is experiencing the biggest...
The spiraling decline in hotel profits since the record-breaking year of 2000 — when pretax operating profits topped out at $13,481 per room — has been nothing short of dramatic. Three straight years of plummeting...
This time is different, promise hotel operators and analysts. After two straight years of unrealized expectations, the hotel sector is truly poised for a rebound in 2004. While the pipeline of new projects is drying...
Call it a case of overconfidence. Apartment developers, optimistic about the long-term health of the sector, continue to build new units at a robust clip despite a vacancy rate that has doubled in the past three years...
Competition for business among Fannie Mae lenders is heating up now that Wachovia, GMAC Commercial Mortgage Corp. and other large financial institutions have begun to enter the low-interest loan program in an effort...
With lenders today having virtually no appetite for large-scale resorts or convention hotels, developers in search of financing for high-end product are faced with two alternatives — trim the size of their projects...
Hundreds of aging shopping centers across the United States — some with vacancy rates topping 50% — are becoming attractive investment targets for joint-venture partnerships in search of double-digit returns. In many...
With the office and industrial sectors mired in a slump, real estate executive Larry Pobuda has advice for owners and developers: diversify your portfolios. Pobuda, a senior vice president at Minneapolis-based United...
When RF Micro Devices sought financing to grow its business late last year, a sale-leaseback proved to be a convenient financing alternative. The company, which manufactures computer chips for cellular phones, had...
