Earnings: Starwood Up, Host Down
Thanks to some obscure tax incentives the company earned in Italy, Starwood Hotels & Resorts was able to post a 26-percent rise in second-quarter earnings. ...
Holding Rates Easier Said Than Done
NEWS: Heated Discussion About Rates Opens MLIS
Bharat Patel got right to the point about three minutes into the opening general session of the second annual Midwest Lodging Investors Summit earlier this week. “We haven’t hit bottom yet,” the chairman and CEO of the Sun Group of Companies flatly said. “The rate we gained in the last six to seven years, we lost in the last six months.”
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Ins and Outs of a Management Contract
OPINION: Performance Termination Provisions Critical in Times Like These
With the drastic downturn in the economy and the resulting cutback of all types of travel, hotels are suffering from significantly lower demand and rate cutting. Smith Travel Research has predicted an unprecedented RevPAR decline of more than 17 percent this year. Those properties financed...
Iron Horse Riding High
FEATURE: Hotel Draws Bikers, Business Travelers, Big Returns, Rave Reviews
A simple piece of wood, about three inches thick and not quite perfectly round, is brought to the table at Smyth, the recently opened restaurant at The Iron Horse Hotel in Milwaukee. Warm bread sits on the plate, partially obscuring the small branded black logo with the letters ‘I’ and ‘H’ in the shape of a horse’s head....
Hotel Chains Still Growing
It seems counterintuitive, but U.S. hotel chains are still growing despite the severe downturn in business. ...
Midwest Lodging Investors Summit Starts Sunday
NEWS: Conference Explores Hotel Success Strategies
The 2nd annual Midwest Lodging Investors Summit starts Sunday, and it’s not too late to attend. The three-day event at the Chicago Marriott Magnificent Mile, brings together lodging owners, operators, developers, lenders and more ...
Marriott Posts Steep Declines
NEWS: RevPAR Down 23 Percent in Second Quarter
Marriott International, the first big lodging company to report second-quarter earnings, posted a 76-percent drop in net income, from $157 million a year ago to $37 million.
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When Owners and Operators Squabble
OPINION: Avoid Tensions or Turn Them Into Positives
There's an interesting industry drama playing out between lodging owners and managers as they collectively slog through the hotel industry's worst recession. It's always been there, but ...
High Point Hotel Is Tops in Courtyard System
FEATURE: Teamwork, Attention to Details Are Keys
The Courtyard by Marriott in High Point, NC isn’t the newest hotel in a system of 750-plus U.S. properties. Nor has it yet received the radical design makeover the chain instituted last year and a growing number of Courtyards have adopted. Yet the 107-room suburban property in a small southern city has what no other Courtyard can claim: ...
Hawaii Hotels Hitting New Lows
NEWS: Famed Ilikai Hotel Will Close As Occupancy Plummets
Hotels in Hawaii are struggling to survive as occupancy keeps slipping to new lows. One of the islands’ most recognizable properties was planning to close ...
Aimbridge Hospitality Grows As Investor, Operator
Q&A: Firm Is Bullish on Aloft Brand
Sure, it’s a tough time to be in the hotel business, but some companies, such as Dallas-based Aimbridge Hospitality, believe they’re well-positioned to ride out the storm and emerge on top. ...
Starwood Out, Radisson In at Bahamas Resort
NEWS: Carlson Brand Returns to Islands
The Radisson flag is flying again in The Bahamas. Carlson’s fullservice brand last week assumed management of the Radisson Our Lucaya Resort on Grand Bahama Island. ...
It’s Time to Register for Midwest Lodging Investors Summit
NEWS: Head of Chicago’s Olympics Bid is Keynoter
This month’s Midwest Lodging Investors Summit gives owners, operators and investors a great opportunity to exchange ideas and explore deal opportunities in a relaxed but down-to-business atmosphere. The second annual event will be held July 19-21 at the Chicago Marriott on Michigan Ave. ...
Crowne Plaza Is Hotel Growth Leader
FEATURE: IHG Brand Tops LH List of Growth Chains
In the past few years, Crowne Plaza has quietly emerged as the brand to watch in the upscale segment. The IHG flag has a robust development pipeline, it’s in the midst of a massive chainwide upgrading program, and it tops the list of Lodging Hospitality’s 10 Growth Chains for 2009....
TI Signs With K Hotels
NEWS: Independent Treasure Island Joins Small Collection
Treasure Island, recently rebranded TI, yesterday became the first casino, the first Las Vegas property and the largest property in K Hotels’ worldwide collection of independent hotels. Phil Ruffin, who bought TI for $775 million from MGM Mirage earlier this year, has ...
Prime-Time Location for La Quinta
FEATURE: Execs Excited About New Property in Chicago
There wasn’t just one reason the entire La Quinta executive team left the hot and dry Texas weather for a windy and rainy day in Chicago on Tuesday. There were 50 million reasons....
Desires Goes International
NEWS: Tecton’s Boutique Management Company Continues to Expand
Desires Hotels, the growing boutique arm of Tecton Hospitality, has broadened its horizons with the addition of executive vice president and managing partner Gary Sims, who’ll head the newly formed Desires Hotels International.
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AmericInns’ Growth Strategies
Q&A: Carlson Veteran Paul Kirwin Takes the Reins
Paul Kirwin didn’t have to travel far when he changed jobs last month. The 25-year-veteran of Minneapolis-based Carlson Companies left the firm earlier this year and in May joined Northcott Hospitality as president and COO....
Unique Approach Keeps Joie de Vivre Thriving
Q&A: Innovative Conley Now Has 38 Boutique Hotels in California
Chip Conley and his San Francisco-based Joie de Vivre Hospitality survived the dot.com bust almost a decade ago and the boutique hotelier is using that experience to survive ...
Anatomy of a Development: Four Points and Darpan a Perfect Fit
Four Points the right choice for Darpan Management...
Ritz-Carlton Offers New Destination Club
FEATURE: New Option Offers Vacation Flexibility for Members
The highly successful Ritz-Carlton Club is celebrating its 10th anniversary this year in a unique way: The luxury hotel company’s equity-based private membership program is changing its name and adding a twist....
Motel 6’s First Property Reborn
NEWS: Santa Barbara Location Renovated With Elements of Phoenix Design
Motel 6’s first property has been reborn with elements of the company’s new Phoenix design. The Motel 6 Santa Barbara Beach (CA), which opened in 1962 with what became the brand’s trademark $6 pricetag, last week celebrated the debut of its new look.
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Marriott Clears Path for Justice, Greenbrier
NEWS: Deal Will Allow Local Businessman to Own, Operate Resort
Marriott and a bankruptcy filing no longer stand in the way of Jim Justice's bid to purchase the Greenbrier. The two suitors reached an agreement allowing Marriott...
Shooting for the Moon
CEO Eric Danzinger plans to lead Wyndham Hotel Group to new heights...
Resort Owner Battles With Four Seasons
NEWS: Dolce To Manage Aviara, Four Seasons Says ‘No’
A potentially nasty legal battle broke out last week over management of the Four Seasons Aviara resort north of San Diego. The owner of the property says it will remove Four Seasons at 1 p.m. today and install Dolce Hotels and Resorts as operator of the 329-unit luxury resort. In the battle of news releases, Four Seasons on Saturday said it has no intention...
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