Development Real Estate
Hotels Openings to Spike in 2010
The number of hotel openings has been in a long, steady climb since 2004. It will peak in 2010, when 1,164 hotels open in the U.S., according to Lodging...
The Top Performers
Benchmarking is an important tool in business decision-making. Lodging Hospitality's annual Top Performers study presents a convenient way for hotel owners...
Presidential Treatment
The Rittenhouse Hotel may not be as famous as many of its guests, but the five-diamond luxury hotel on Philadelphia's exclusive Rittenhouse Square is...
Transactions
Celebrity Resorts Farmington Savings Bank has entered into a $25-million loan agreement with Celebrity Resorts, an Orlando-based timeshare company. Celebrity...
No Time-Out For Timeshare
If recent announcements from industry heavyweights Orange Lake Resort and Disney Vacation Club are any indication, timeshare development hasn't heard...
Transactions
Albuquerque Grand Neptune Hospitality Advisors arranged senior financing for the 276-room former Wyndham at the Albuquerque International Airport. Neptune...
Mid-Sized Leads Construction Pipeline
Hotels with between 100 and 200 rooms lead the U.S. lodging industry construction pipeline, according to new data from Lodging Econometrics, the New Hampshire-based...
Lodging Executive Sentiment Flatlines
The current Lodging Executives Sentiment Index of 50 suggests neither expansion nor decline. This compares to last period's reading of 44.0 and 72.3 during...
Picture Perfect
Art is a powerful, although often-ignored, tool in hotel design. Las Vegas impresario Steve Wynn is an owner who understands the powerful role art can...
Mr. Las Vegas PART 2
In the second half of an exclusive interview with Lodging Hospitality contributor Stephen Michaelides, Las Vegas casino-hotel impresario Steve Wynn discusses...
Transactions
Comfort Suites Hodges Ward Elliott's Focused Service Division represented CSS Starkville, LLC in the $6.35-million sale of the Comfort Suites in Starkville,...
Timeshare/Resort Briefs
The Abaco Club on Winding Bay, A Ritz-Carlton Managed Club marks the company's entry into The Bahamas market. The 16-unit fractional ownership product...
Second City Smash
They came to Chicago looking for answers: Where is the economy headed? What's the outlook for the hotel industry? What are the opportunities for hotel...
Development's White Knight
They don't charge in on a white steed, but White Lodging often rides to the rescue when brands need an experienced, flexible developer. Last year alone,...
King Edward Will Rule Again
Hilton Hotels honored HRI Properties with its Best Conversion Award for rebuilding the King Edward Hotel in Jackson, MS. HRI is renovating the historic...
Transactions
Amara Resort & Spa Aries Capital arranged a $1.75-million loan for the Amara Resort & Spa in Sedona, AZ. The 18-month, interest-only loan is the eighth...
Midscale Without F&B Tops Pipeline
According to the Lodging Econometrics, 37 percent of hotel projects (2,145 properties) in the U.S. construction pipeline are in the midscale without food...
Marriott Expands in Orlando
Marriott Vacation Club International's newest property is a first. Construction started last month on Marriott's Lakeshore Reserve at Grande Lakes in...
We're Still Building
Despite a troubled U.S. economy and the roiling of the financial markets, it's still a good time to build hotels. That's especially true if you're an...
ECONOMY CHALLENGES RESORT OWNERS
The 8th annual Resort Conference returned to the Hotel del Coronado in San Diego last month, and while the weather was sunny of course the news wasn't...
Transactions
FontainebleauMiami Beach Nakheel Hotels paid $375 million for a 50-percent interest in the Fontainebleau Miami Beach. Nakheel Hotels is a division of...
EXECUTIVE SENTIMENT CREEPS UP
The current Lodging Executives Sentiment Index reading is 55.4, up from 54.6 last period but down from 75 in the same period a year ago. This LESI indicates...
TIMESHARE AFFILIATION ACTION
Both major timeshare exchange firms, RCI and Interval International, recently announced the signing of a slew of new and renewed affiliation agreements...
Bridging The Gap
The distance 5,989 feet across one of the oldest and most impressive suspension bridges ever built in the U.S. hasn't changed, yet Brooklyn feels closer...
BRANDING BRIEFS
Accor North America Motel 6 added locations in Mission, TX; Ponca City, OK; Wisconsin Rapids, WI; Marysville, CA; Lancaster, TX; Junction TX; and Commerce,...
