Extended Stay Takes Lead in Rate Growth 

Extended-stay hotel operators seems to have learned a lesson others in the hotel industry have missed: Demand is rising, supply is non-existent, so it’s time to raise rates because that’s where the profits are found. In the first quarter, extended-stay hotels were able to push ADR by 7.2%, much higher than ...

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 ...

How Social Media Levels the Playing Field 

Marketing intelligence can be gleaned from social media, a fact well documented. From recommendations to general opinions shared online, hotels gain great insight into the relevance and effectiveness of their marketing messages. ...

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 ...

Motel 6 Celebrates 50-Year Milestone 

Fifty years go, homebuilders Paul Greene and William Becker built their first motel on the sandy shores of Santa Barbara’s Cabrillo Beach. That no-frills property offered rooms for just $6 per night. Today, 1,100 hotels in the Motel 6 chain still offer some of the lowest rates in the nation. In fact,...

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...

Panel Says Caribbean Tourism Is Hot, Financing’s Not 

Despite the many challenges it faces—the state of the world economy, rising fuel prices, increased taxation—the Caribbean tourism industry is in good shape today and has a bright future. That was the conclusion of multiple speakers at last week’s Caribbean Hotel & Tourism Investment Conference in San Juan. Despite the worldwide economic downturn, the region’s hospitality industry saw record numbers of tourist arrivals in both 2010 and 2011....

Burwash Hits 37 Years of Tennis Management 

Peter Burwash has been teaching tennis since the 1970s. After seven years on the professional circuit, he moved into the field in a big way — managing tennis programs for clubs and resorts....

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 ...

Sherwin-Williams Color Picks Affect Hotel Decor 

The economy. Japan’s tsunami. The Mediterranean. Fashion. All contributed to the hottest colors — blues, reds, greens, neutrals and a pop of yellow — in the 2012 color palette identified by paint company Sherwin-Williams. ...

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. ...

Keys to Developing a Successful Short-Stay Destination 

Management company executive John Logan is joining LHonline as a regular contributor. His stories will focus on a wide range of hotel development operations issues, Today, he launches a three-part series on the keys to developing a short-stay destination. First up is the role of location....

Hotel Developer Lies Down On the Job 

When real estate developer Brian Obie was building his recently opened hotel in Eugene, Oregon, he decided to move things in the right direction by lying down on the job. Literally. “A lot of people want to know they’re going to sleep on a good bed. That’s the foundation of the experience. If you don’t have a good bed, you don’t have much,” says Obie. “So my wife and I went to different hotels and then bought six different mattresses and springs into our house to try.”...

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. ...

Best Western Is Latest to Partner with Soap Recycler 

Best Western International has partnered with Clean the World to recycle hotel soap and bottled amenities and provide poor folks around the world with hygiene care. Clean the World is a non-profit that collects used soap products from hotels, remanufactures them and distributes them to U.S. and Canadian homeless shelters as well as missions in 45 countries. ...

The SEO Obsession 

Many GMs, revenue managers and marketing directors at independent hotels are obsessed with search engine optimization (SEO) and in my opinion it’s almost entirely a waste of money and time. There’s a myth, perpetuated by digital agencies that make a lot of money ...

Vacation Ownership Goes Global 

The vacation ownership is undergoing a renaissance following its abrupt downturn as a result of the global financial meltdown. Wall Street and other investors are again looking at timeshare in a positive light. And many companies are looking beyond North America for development opportunities....

Top Hotel Owners Survey 

The June 2012 issue of Lodging Hospitality will include our Top Hotel Owners Survey. Please take a few moments to complete this short questionnaire....

Top Management Company Survey 

The June issue of Lodging Hospitality magazine will include Lodging Hospitality’s annual Top Management Companies Survey. If you work for a management company, please take a few minutes to fill out this survey. ...

Timeshare Business Continues to Rebound 

The mood was understandably festive as executives gathered in early April in Las Vegas to cut the ribbon on Holiday Inn Club Vacations’ newest property, the 640-unit Desert Club Resort just a few blocks east of The Strip. Holding the ribbon was Don Harrill, president & CEO of Orange Lake Resorts, the developer of Holiday Inn-branded timeshare properties. Despite the lingering stagnation in the economy, Orange Lake Resorts is enjoying strong success in finding the needed funding for expansion....

ABVI Makes Renovations Easy as 1-2-3 

For Americas Best Value Inn owners, “renovations are as easy $1, $2, $3” a day. Vantage Hospitality and one of its preferred vendors, American Hotel Register Company, created a program offering owners the ability to choose one of three packages and pay $1, $2 or $3 a day per room if renovations are needed....

2012 Design Awards: Building Success 

The amount of new openings in recent years has dwindled as a result of the credit crunch, but three new developments persevered through the downturn to open last year and ultimately prevail in this year’s Lodging Hospitality Design Awards contest....

IHG Upgrades Extended Stay Brands 

IHG is a hotel company that knows how to accomplish a brand overhaul. After all, it recently oversaw a total refresh of the massive and iconic Holiday Inn brand. Now, IHG is working with one of its ownership groups, Hospitality Properties Trust, to renovate a big portion of its Staybridge Suites and Candlewood Suites extended stay portfolio....

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