TRANSACTIONS
Courtyard Secaucus Capmark Finance Inc. provided $24.5 million in floating-rate, interim financing for CapStar Secaucus's acquisition of the 167-unit...
KRONOS RISING
By the end of the year, Kronos Hotels LLC, a new, Atlanta-based hotel investment group, may have nearly 75 hotels in its portfolio, most of them full-service....
GEN X INTEREST IN TIMESHARE GROWS
Many consumers say they understand timesharing, but very few profess an interest in purchasing a unit of vacation ownership. The good news for the industry...
RESTORED BEDFORD SPRINGS REOPENS
It was never quite in the same league as the Greenbrier or The Homestead, but in its heyday, the Bedford Springs Hotel in Bedford, PA was one of the top...
TRANSACTIONS
Abby Inn LLC Real estate investors Ralph and Helen Hlavin of Lamont, IL bought the 60-room Sleep Inn and the 24-room Abby Inn in Abbotsford, WI from Abby...
HILTON BREAKS GROUND IN NEW YORK CITY
Hilton Grand Vacations Co. last month started construction on the first ground-up timeshare property in New York City. The project, called the West 57th...
Timeshare/Resort Briefs
Resort developer Elliott and Dennis Publishing, parent company of Maxim magazine, will partner in development of two Maxim Bunglalow resorts in the Dominican...
BOOMING BUCKHEAD
The Buckhead area of Atlanta is going through a growth spurt that is changing the skyline of the affluent community. One of the most striking developments,...
Hard Rock Biloxi Rises Again
Two years after Hurricane Katrina dealt its devastating blow to the Gulf Coast and the scheduled opening of the Hard Rock Hotel & Casino Biloxi, the Mississippi...
From Ruins to Revival
The $35-million Embassy Suites Mexico City-Reforma marks the start of Embassy Suites' expansion into Latin America. Landmark Hotels Group completed construction...
Is That a Grin On Your Face?
Attending hotel investment conferences is a good way to judge the health of the industry not just the fitness of big hotels and big hotel companies but...
TRANSACTIONS
Ashford Hospitality Trust Ashford Hospitality Trust completed a $57.5-million sale of seven TownePlace Suites. The sale, which means Ashford has sold...
TRANSACTIONS
Highland Hospitality Corp. JER Partners Acquisitions IV, LLC is acquiring Highland Hospitality Corp. for $2 billion in cash. Counsel in the deal, which...
20 YEARS OF INTERVAL GOLD
Interval International is celebrating 20 years since it introduced Interval Gold, an enhanced membership program that was groundbreaking for its time....
Timeshare/Resort Briefs
Las Palomas Beach Resort in Puerto Penasco, Mexico joined The Registry Collection, a luxury resort exchange program from the RCI Global Vacation Network.Former...
Multiplier Effect
Recent research indicates that hotel purchasers often consider a property's room revenues to be a better indicator of a hotel's market value than its...
LODGING SENTIMENT BUMPS UPWARD
The Lodging Executives Sentiment Index reading for the current period rose to 75.0 from 69.0 last period but was down from 86.1 during the same period...
TRANSACTIONS
The Abbey Resort The Abbey Resort, known as the landmark on Lake Geneva, is now managed by Hostmark Hospitality Group. The Fontana, WI property, one of...
BOOM IN BRANDED RESORTS
The timeshare and traditional resort businesses have been booming, with branded chains accounting for much of the development. Some recent highlights:...
TROPICAL SOPHISTICATION
Visionary hotelier Sol Kerzner, creator of destination resorts, casinos and luxury hotels, is at it again. Best known for the behemoth 2,917-room Atlantis...
DEVELOPERS TARGET BRANDED WATERPARKS
As the indoor waterpark hotel market begins to mature, cagey developers are building properties that have the potential to attract customers beyond the...
TRANSACTIONS
Apple Hospitality Two The real estate investment trust Apple Hospitality Two, Inc. will be merged with an affiliate of ING Clarion Partners, LLC in a...
Timeshare/Resort Briefs
Shell Vacations recently completed a four-month renovation of its Peacock Suites timeshare resort in Anaheim, CA. IGroup Design oversaw the project, which...
MARRIOTT TEACHES TIMESHARE SALES
Start em young is always a good philosophy and one that Marriott Vacation Club International employed recently. In late February, the Orlando-based timeshare...
Brands and Value
Aquestion I've been asked several times since I've been writing this column over the past few years is, What hotel brands actually contribute to hotel...
