REITS
Real Estate Investment Trusts make up a major part of all lodging industry transactional activity. Strategies, trends and news about REITs as they continue to raise debt and equity capital with a focus on lodging investments.
Capital Markets Key to Hotel Real Estate Rebound
Unlike the operating side of the hotel industry, the real estate recovery hasn’t been as clearly defined. Transaction volumes rose again in 2011, values have grown faster than anyone expected and overall industry sentiment appears positive starting the new year, yet the forecast for 2012 remains partly cloudy. ...
LaSalle Hotel Properties Acquires Park Central Hotel for $396.2M
LaSalle Hotel Properties has acquired the Park Central Hotel in New York City for $396.2 million. Located in Midtown Manhattan on Seventh Avenue between West 55th and 56th Streets, the full-service hotel features 934 rooms....
Marriott Retirement Heads List of Top Hotel Stories
Despite the relatively light volume of news this year, 2011 has produced a number of major stories. Yesterday we looked at the 10th through the sixth biggest stories of the year, and today we feature the five biggest....
Top Owners & Operators
Here is a list of ownership and development companies and third-party management companies who focus on the lodging industry....
Hotel Foreclosures an Oncoming ‘Train Wreck’
Steve Van hates being the pessimist, but he can’t help it. The CEO of Prism Hotels & Resorts says comparing the last two years of hotel distress to what’s coming is like comparing “a car wreck and a train wreck.” ...
Lodging Conference Recap: Is It Boom or Bust Ahead For Hotels?
Judging by the attitudes on display at The Lodging Conference last week in Phoenix, many people in the hotel industry are both wildly optimistic and scared to death at the same time. Every presentation or speaker rant seemed like a prolonged version of good news/bad news: The hotel industry is humming along with a long string of monthly improvements in operating performance (STR reported a healthy 7.2% hike in RevPAR in August, for example), yet most speakers expressed at least some concern ...
A Different Kind of Distress for Public Lodging REITs
In recent months, publicly traded lodging REITs have taken it on the chin as tumbling stock prices have robbed the companies of the ability to effectively compete for hotel acquisitions, a marketplace the sector dominated in the past couple of years. The Dow Jones U.S. Hotel & Lodging REIT Index has fallen nearly 40% since early July, despite stellar earnings reports by nearly all the 16 REITs covered in the index....
Why Chatham Lodging Trust Regained Innkeepers Portfolio Out of Bankruptcy
While most hotel REITs chase full-service and luxury hotels in major markets, Chatham Lodging Trust continues to focus on what it knows best: extended-stay and select-service hotels. And the REIT’s latest acquisition is one that Jeffrey Fisher, chairman and CEO of Chatham, is intimately familiar with....
NYU Conference Goers Look for the Bright Side
If the mood at last week’s New York University International Hospitality Industry Investment Conference was any indication, the hotel industry is ready to believe full recovery is here, or at least very close. ...
MLIS Offers Mid-Year Look at Lodging
As the hotel industry continues to rebound, owners, operators and developers are looking for the next growth opportunities. One place they can find it is at next month’s fourth annual Midwest Lodging Investors Summit, which will be held July 17-19 at the Hyatt Regency McCormick Place in Chicago....
Hotel Distress Buys: ‘There’s Something for Everyone Right Now’
The Ashford Hospitality Trust joint-venture acquisition of Highland Hospitality’s 28-hotel portfolio earlier this month reveals how far the hotel transaction market has come. The $1.28 billon deal alone was more than half the $2.1 billion transacted in the Americas through all of 2009, according to Jones Lang LaSalle Hotels, which tracks asset sales $10 million and higher....
ALIS Offers Hope, Caution to Hotel Industry
Beyond the cheery faces and optimistic talk at last month’s Americas Lodging Investment Summit, an undertone of uncertainty and volatility went mostly unspoken. Nearly every conference speaker and person I interviewed only talked about the improving industry fundamentals and the vast opportunities for transactions this year and beyond. Of course, they were all right: 12 months ago no one could have definitively predicted how quickly ...
