Hilton Launches Mid-Tier Extended-Stay Brand
In a sea of bad news, Hilton Hotels struck a note of optimism with the launch of Home2 Suites by Hilton, a new mid-tier extended stay brand. ...
Recovery in 2010 or ’11: Poll
Not surprisingly, most hotel executives aren’t very optimistic about the near-term prospects for the lodging marketplace....
Convention Center Hotels Create Controversy
A group of hoteliers and real estate executives raised nearly $1 million last year to block construction of a Dallas-owned hotel next to the downtown convention center. Harlan Crow, whose family owns the Hilton Anatole, donated more than $936,000 to Citizens Against the Taxpayer-Owned Hotel. ...
TRT, Gaylord Battle Heats Up
After being rebuffed in December, Robert Rowling and TRT Holdings have taken their efforts to gain influence on Gaylord Entertainment's board of directors directly to shareholders. In an open letter dated Jan. 15, Rowling announced his intention to nominate himself and three others to Gaylord's board of directors because "we are convinced that Gaylord has lost its way and we therefore believe it is time for a change at the company." ...
Wyndham Founder Trammell Crow Dies
Trammell Crow, the legendary real estate developer and founder of Wyndham Hotels, died Wednesday evening at age 94 at this family farm in eastern Texas....
Las Vegas Craps Out
November was another bad month for the Las Vegas hospitality industry. Visitor volume (2.8 million) was down nearly 10 percent over the same month a year earlier....
Ads Tout Card Check Legislation
Organized labor is stepping up its campaign to secure passage of the Employee Free Choice Act, legislation the hotel industry fears will significantly boost unionization of many lodging businesses. ...
Royal Palm Owners Squabble
The fight over ownership of Miami Beach's Royal Palm hotel escalated last week when original developer and now minority owner R. Donahue Peebles filed a Chapter 11 petition to put the entire ownership structure into bankruptcy. ...
Dismal Trend Continues with Loss of 524,000 Jobs
There is not much cheer in the employment figures released by the federal government today. The U.S. unemployment rate now stands at 7.2%, up from 6.8% for November. More than 524,000 nonfarm jobs were lost in December....
Companies Offering Bigger Rewards
When the going gets tough, the tough roll out promotions, and three major lodging companies are leading the promotion parade. ...
Reeling Greenbrier Exploring Options
If the entire lodging industry is facing a deep recession, and the luxury segment is getting hit the hardest, it's no surprise that "America's Resort," The Greenbrier, is struggling the most. The resort that defines itself as "THE preeminent resort in the ultra-luxury market," according to its website, lost $35 million last year, and owner CSX Corporation has hired Goldman, Sachs & Co. as its financial advisor to explore all strategic options....
Ashford Girds For Tough Time
Ashford Hospitality Trust believes it is in good shape to weather the current economic downturn. The Dallas-based REIT, which owns more than 100 hotels, has in recent weeks pursued a number of strategies to help it conserve cash, trim operations and position itself for an uptick in business whenever it comes....
Century City Project to Raze Historic Hotel
A proposed $2 billion project may signal the end for the storied Century Plaza hotel in Los Angeles. The plan, which includes condominiums, stores, offices and a smaller luxury hotel, must first past muster with the city of Los Angeles. ...
Encore Opening Bucks Economic Turmoil
No one thought Steve Wynn could top the Mirage, but he did with the Bellagio. Then came his self-titled Wynn Las Vegas and Monday night, his Encore performance debuted....
San Francisco Tax Aids Tourism Effort
At last, a city has wised up to the importance of linking hotel taxes to promotion of the tourism business. Last week, the San Francisco Board of Supervisors approved an additional hotel tax that will fund a Tourism Improvement District within the city. ...
Abrahamson to Head IHG
Hyatt development executive Jim Abrahamson has been named president of the Americas region of InterContinental Hotels Group. The 52-year-old Abrahamson replaces the late Steve Porter, who died earlier this year....
Mike Patel's Bank Fails
The dream of Mike Patel to serve the financial needs of the Asian-American hotel community may be over....
Industry Execs Bracing for Worst
More than 100 lodging industry executives gathered at the Fairmont Chicago Tuesday for an aptly named “Navigating Troubled Times in the Hotel Industry” discussion. Michael Medzigian, chairman and managing partner of Watermark Capital Partners, opened the already somber-sounding seminar with even more sobering news: PKF Hospitality Research’s latest forecast released that morning projected a 7.8 percent RevPAR decline in 2009. ...
TIA, TBR Join Forces
The Travel Industry Association (TIA) and the Travel Business Roundtable are merging, effective Jan. 1. The newly formed U.S. Travel Association will offer a powerful voice for the nation’s $740 billion travel industry. Roger Dow, TIA president and CEO, will serve in the same capacity for the U.S. Travel Association....
UPDATE: Extended Stay Hotels Inc. on Brink?
Extended Stay Hotels Inc. could be the first chain-wide casualty of the economic downturn. According to a Wall Street Journal story Monday, the company's owner, Lightstone Group LLC, is in talks that could potentially turn over the chain to its lenders. ...
Hawaiian Law Tips in Servers' Favor
What may be the first lawsuit targeting disclosure of hotel or restaurant food and beverage service charges has been filed in Hawaii. Jason Kawakami, who filed the suit against The Kahala Hotel and Resort, is seeking damages for anyone who paid a food and beverage service charge at the hotel since March 2006. ...
Gaylord Nixes Omni Buy-In Bid
Gaylord Entertainment, operators of big-box meeting hotels like the Gaylord Opryland, has rejected TRT Holdings' bid to increase its stake in the firm to 30 percent of outstanding shares. Along with the stock purchase, TRT wanted to place three people on Gaylord's board of directors....
Vista Acquires Select Inn
Vista Hospitality has purchased the Select Inn brand from privately owned Select Franchising, Inc. of Fargo, ND. Terms of the deal weren't disclosed....
He's Back: Danziger to Lead Wyndham
Yes, you can go back, at least in the hotel industry. Lodging veteran Eric Danziger, who's been out of the hotel business for nearly eight years, will return Dec. 1 as president and CEO of the Wyndham Hotel Group. He replaces Steve Rudnitsky, who left the post earlier this year and coincidentally was today named president and CEO of Dolce Hotels and Resorts, a New Jersey-based operator of 23 hotels, resorts and conference centers....
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