May 1, 2010
FORUM
The Most Important Summer Ever
OPINION: A Strong Vacation Season Could Boost the Industry and the Country
Of course, every summer season is important to the hotel industry, and particularly crucial for certain properties and markets. But the 2010 summer, ...
CHECK IN
Foreclosures Reveal Red Roof Inn Distress
Over the past two weeks, three separate foreclosure lawsuits have been filed on behalf of bondholders against properties owned by Red Roof Inns, clouding the future of one of the leading players in the lodging industry’s economy segment....
Warwick NYLO Dries Out Following Epic Flood
NEWS: Hotel Will Be Closed For 4-6 Months
While it’s been a tough couple of years for start-up lifestyle brand NYLO Hotels, no one could have predicted its latest calamity: last month’s massive flood that pummeled New England and significantly damaged the company’s Warwick, RI property. ...
Kirwin Leads AmericInn in New Direction
NEWS: Brand Adds Modern Touches, Will Grow Through Conversions
When Paul Kirwin strode confidently to the stage earlier this week to open the AmericInn conference, it was reminiscent of his last with Carlson. He climbed onto stage at both events with...
Best Western Adds Descriptors
Q&A: Kong Discusses New Approach, Possibility of Extended Stay Prototype and More
Now that the descriptor program has finally passed, Best Western President and CEO David Kong jokes the real work begins. The topic has been discussed for decades, but by February of next year, Best Western will roll out a program for consumers to help clarify the membership organization’s broad base of midscale hotels.
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CapEx in Crisis
OPINION: Now is a Challenging, but Good Time to Renovate
Making the decision to renovate in the current economy is a difficult one. Due to limited capital expenditure dollars, hoteliers are faced with re-evaluating the previously recommended renovation cycles based on necessity. In the past, a hotel would be renovated based ...
FEATURES
HVS Marks 30th Anniversary
FEATURE: Steve Rushmore’s Legacy of Teaching, Mentoring and Leadership
He’s the most influential person in the lodging industry and has been for more than 25 years. He also may be the most successful. But what Steve Rushmore is most proud of are the scores, perhaps hundreds, of hotel industry executives who have apprenticed at his firm, HVS. ...
New Index Targets Hotel Market Potential
NEWS: L-MPI Helps Investors by Ranking Markets with Most Potential
As the economy continues to recover and the hotel industry regains its footing, the question for developers has begun to shift from when and how to where. The Lodging Market Potential Index (L-MPI), first introduced last year at the Midwest Lodging Investors Summit, helps answer ...
Who’s Got Money?
FEATURES: Financing Is Available, But It Comes At A Price
The question on the minds of nearly everyone in the hospitality industry is whether there is any financing available for hotel transactions. The simple answer is yes, but it's much more complicated than that.
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The Realities of Hotel Real Estate
FEATURES: Michigan State Alumni Panel Sees Upturn Ahead
No matter what lenders say, most hotel real estate professionals believe there’s very little money currently available for hotel transactions. “Banks are moving through the process a little more, but they’re not yet ready ...
NYU Investment Conference Focuses on the Future
NEWS: IHG’s Cosslett to Receive Silver Plate Award
Next month’s NYU International Hospitality Industry Investment Conference will take a hard look at the future of hotel investment and financing. ...
DESIGN PERSPECTIVE
Construction Slowed, Not Stopped in New York City
Q&A: Colao Says Build Now to Take Advantage of Low Costs
Ken Colao, president and founding principal of CNY Builders, has simple advice for hotel developers: Start building now. Sure, he probably ...
Cosmopolitan Back on Track
FEATURE: Luxury Resort in Vegas to Open This Year
CityCenter’s debut last December altered the Las Vegas Strip with both its enormity and beauty, and if all goes according to plan, The Cosmopolitan of Las Vegas will follow suit...
TECHNICALLY SPEAKING
The Revenue Management Tug of War
Q&A: Poor Pricing Strategies Can Damage the Whole Market
Revenue management has been on the minds of most hotel owners and operators as they try to navigate through the worst industry downturn ever. Balancing sound revenue management strategies with the sometimes-desperate need for any and all possible revenues ...
Hotel Tech Execs Want Cloud Solutions
The future of hotel technology was laid down by the big chains at the HTNG 2010 North America Conference in Orlando last month; their mandate called for...
BACK OF HOUSE
Products May 2010
UMBRELLAS In response to customer demand, FiberBuilt Umbrellas has introduced a new collection of Fiberglass Bases with Wheels. The heavy-duty, polyurethane,...
Vendor News May 2010
David Neff, national co-chair of Perkins Coie's hotel and leisure practice and a partner in the firm's bankruptcy & workouts practice, was inducted as...
