Real Estate
Coast Hotels Looking to Expand in West
Shoppers who stay at the The Coast Bellevue Hotel in Bellevue, WA, can use their keycard as a discount pass for shopping at Macy’s department store. Hunters who stay at Alaska’s Coast International Inn have access to a walk-in freezer. Tourists ...
Hilton Airport Concept Takes Flight
Standing in the nearly 1,500-square-foot presidential suite, I can’t even hear the two planes that look close enough to touch. They’re the only reminder I’m at the Hilton Airport Frankfurt and not a five-star resort. If I look further down from the ninth-floor window, as instructed by the hotel’s GM and our tour guide, Charles Muller, I see the crossing ...
TRYP Coming to North America
Glass doors slide open to the lobby of the Tryp by Wyndham Hotel Quebec PUR. The deep charcoal and white lobby is austere, what Americans refer to as European or minimalist. Neutral shades carry the lobby, halls and rooms. Occasional pops of bright orange — a pillow here, a print there, the guest directory and even the desk pen — play with the eye....
New Appraisal Method Could Limit Lending
If you‘re not a real estate appraiser, you’re probably unaware of a major catastrophe looming that could effectively eliminate all types of hotel financing, making it all but impossible to either build or sell a hotel. Under potential new governmental lending regulations, hotel appraisers will be forced to utilize an appraisal methodology that will lower their hotel valuations by as much as 40%, forcing borrowers to finance significantly less of their acquisition prices at greatly inflated interest rates. While this topic is somewhat technical, I will attempt to describe the issues in simple terminology....
Who’s Got Money for Hotel Financing?
The long hotel financing freeze is slowly beginning to thaw. That’s a common sentiment of both participants in a recent roundtable of industry executives held at Michigan State and respondents to the annual Hotel Brokers International/Lodging Hospitality survey of lodging lenders. And if you’re looking for financing—and who isn’t?— be sure to register for ...
Another Optimistic Outlook for the Hotel Business
While the pace of the hotel industry’s rebound may at times seem to be excruciatingly slow, it is very real, particularly if you look street corner by street corner. “I think we were all hoping for a quick rebound, but ...
AWH Holdings Primes Lane Hotels for Growth
Bill DeForrest admits it wasn’t an industry secret that Lane Hotels was on the market. With the third generation of the family now involved in the business, the Lanes were looking to...
Noble House Ready to Brand its Properties
Noble House Hotels & Resorts has added the 156-room Pelican Grand Beach Resort in Fort Lauderdale to its collection of managed properties. It’s the 17th property for the Seattle-based company which owns and manages boutique hotels and resorts spanning the four coastal corners of America. ...
Caribbean Tourism Relaunches Regional Marketing Initiative
Perhaps, possibly, the Caribbean tourism industry is about to realize one of its long-term goals: to create a viable and sustainable platform to market the Caribbean brand as one entity to potential visitors from around the world. Last year, a joint venture between ...
New Designation Created for Senior Asset Managers
As the hotel industry has grown, so has the need for qualified asset managers. The Hospitality Asset Managers Association (HAMA) was created in 1991 and the group earlier this month unveiled the formation of the Certified Hotel Asset Manager (CHAM) designation. ...
Lone Star Court Introduces Retro Motor Court Concept
What’s old is new, again. And now, the motor court is back. “The idea came from passing by old motor courts that were kind of run down and saying, 'Wouldn’t it be fun to buy one and fix it up?’” says Doyle A. Graham Jr., president of Valencia Group. ...
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