Past Week's News
Davidson To Manage, Convert Miami Hotel Into Hyatt
DORAL, FL—ING Clarion has appointed Davidson Hotel Co. as the new manager of the Blue condominium luxury resort here. Davidson is also tasked with converting the 240-suite property into what will become known as the Hyatt Miami at the Blue.
Continued...
Posted 3/9/2010 - 10:48:26 AM
DORAL, FL—ING Clarion has appointed Davidson Hotel Co. as the new manager of the Blue condominium luxury resort here. Davidson is also tasked with converting the 240-suite property into what will become known as the Hyatt Miami at the Blue.
Continued...
Posted 3/9/2010 - 10:48:26 AM
Sunburst’s Multifamily Disposition Opens Hotel Investment Door Wider
ARLINGTON, VA—Sunburst Hospitality has sold off its Vista on Courthouse apartment building here for $85 million, giving the owner increased capacity to further target hotel investments moving forward.
Continued...
Posted 3/9/2010 - 10:47:18 AM
ARLINGTON, VA—Sunburst Hospitality has sold off its Vista on Courthouse apartment building here for $85 million, giving the owner increased capacity to further target hotel investments moving forward.
Continued...
Posted 3/9/2010 - 10:47:18 AM
Cambria Suites Opens In Ft. Lauderdale
FORT LAUDERDALE, FL—Choice Hotels International's Cambria Suites brand has added a new hotel in Fort Lauderdale, FL.
Continued...
Posted 3/9/2010 - 9:13:14 AM
FORT LAUDERDALE, FL—Choice Hotels International's Cambria Suites brand has added a new hotel in Fort Lauderdale, FL.
Continued...
Posted 3/9/2010 - 9:13:14 AM
Providence Group To Manage Historic Inn
ROCKPORT, MA—The Providence Group, LLC has been named manager of the 1850s-era Emerson Inn here.
Continued...
Posted 3/9/2010 - 8:31:29 AM
ROCKPORT, MA—The Providence Group, LLC has been named manager of the 1850s-era Emerson Inn here.
Continued...
Posted 3/9/2010 - 8:31:29 AM
Hilton Expands In Egypt
CAIRO, EGYPT—Hilton Worldwide has signed a management agreement to operate the 485-room Hilton Heliopolis Hotel, which is scheduled to open in 2014.
Continued...
Posted 3/9/2010 - 12:12:24 AM
CAIRO, EGYPT—Hilton Worldwide has signed a management agreement to operate the 485-room Hilton Heliopolis Hotel, which is scheduled to open in 2014.
Continued...
Posted 3/9/2010 - 12:12:24 AM
Icahn Acquires Atlantic City Tropicana
ATLANTIC CITY, NJ—An investor group led by Carl Icahn has completed the purchase of the 2,129-room Tropicana Casino & Resort for $200 million.
Continued...
Posted 3/9/2010 - 12:04:17 AM
ATLANTIC CITY, NJ—An investor group led by Carl Icahn has completed the purchase of the 2,129-room Tropicana Casino & Resort for $200 million.
Continued...
Posted 3/9/2010 - 12:04:17 AM
Starwood Continues International Expansion With 50 Properties In Pipeline
WHITE PLAINS, NY—Starwood Hotels & resorts Worldwide, Inc. has announced plans to open 50 new hotels in its Europe, Africa and Middle East division by 2012.
Continued...
Posted 3/8/2010 - 10:31:26 AM
WHITE PLAINS, NY—Starwood Hotels & resorts Worldwide, Inc. has announced plans to open 50 new hotels in its Europe, Africa and Middle East division by 2012.
Continued...
Posted 3/8/2010 - 10:31:26 AM
Candlewood Opens In Tallahassee, FL
TALLAHASSEE, FL—The Candlewood Suties-Tallahassee has opened here. The hotel is owned by Lakeshore Hospitality, LLC and managed by The Generation Companies, LLC.
Continued...
Posted 3/8/2010 - 9:15:54 AM
TALLAHASSEE, FL—The Candlewood Suties-Tallahassee has opened here. The hotel is owned by Lakeshore Hospitality, LLC and managed by The Generation Companies, LLC.
Continued...
Posted 3/8/2010 - 9:15:54 AM
Strategic Hotels Suffers Double-Digit RevPAR Declines
CHICAGO—Strategic Hotels & Resorts reported that 2009 total RevPAR for its hotels in North America plummeted 22%, driven by a 15.9% drop in ADR.
Continued...
Posted 3/8/2010 - 9:00:59 AM
CHICAGO—Strategic Hotels & Resorts reported that 2009 total RevPAR for its hotels in North America plummeted 22%, driven by a 15.9% drop in ADR.
Continued...
Posted 3/8/2010 - 9:00:59 AM
Radisson Blu Boulogne Has New Owner
PARIS, FRANCE—Compagnie La Lucette has sold the 170-room Radisson Blu Boulogne Hotel here for $47 million to Algonquin Asset Management France.
Continued...
Posted 3/8/2010 - 12:56:36 AM
PARIS, FRANCE—Compagnie La Lucette has sold the 170-room Radisson Blu Boulogne Hotel here for $47 million to Algonquin Asset Management France.
Continued...
Posted 3/8/2010 - 12:56:36 AM
Homewood Suites Debuts In Montana
BOZEMAN, MT—Homewood Suites by Hilton has opened its first hotel in Montana, a 102-suite property here.
Continued...
Posted 3/8/2010 - 12:30:22 AM
BOZEMAN, MT—Homewood Suites by Hilton has opened its first hotel in Montana, a 102-suite property here.
Continued...
Posted 3/8/2010 - 12:30:22 AM
Dallas’ Rosewood Mansion On Turtle Creek Unveils Redesign
DALLAS—The now 30-year-old Rosewood Mansion on Turtle Creek has emerged from a dramatic property redesign with 143 newly appointed guestrooms and suites and a restyled lobby.
Continued...
Posted 3/5/2010 - 11:34:09 AM
DALLAS—The now 30-year-old Rosewood Mansion on Turtle Creek has emerged from a dramatic property redesign with 143 newly appointed guestrooms and suites and a restyled lobby.
Continued...
Posted 3/5/2010 - 11:34:09 AM
Hotel/Casino To Rise At Las Vegas Motor Speedway
HOUSTON—Nevada Gold and Casinos, Inc. has signed management and technical services contracts for the development and management of a hotel and casino adjacent to the Las Vegas Motor Speedway in North Las Vegas.
Continued...
Posted 3/5/2010 - 10:01:49 AM
HOUSTON—Nevada Gold and Casinos, Inc. has signed management and technical services contracts for the development and management of a hotel and casino adjacent to the Las Vegas Motor Speedway in North Las Vegas.
Continued...
Posted 3/5/2010 - 10:01:49 AM
Lender Looks To Place $380M Debt Pool With Focus On Hotels
CARLSBAD, CA—An undisclosed commercial real estate lender is now looking to place approximately $380 million worth of non-recourse capital in commercial real estate deals with an emphasis on the lodging sector. Summit Capital, a finance broker, is now analyzing the feasibility of transactions in order to place the debt pool for the lender.
Continued...
Posted 3/5/2010 - 9:42:00 AM
CARLSBAD, CA—An undisclosed commercial real estate lender is now looking to place approximately $380 million worth of non-recourse capital in commercial real estate deals with an emphasis on the lodging sector. Summit Capital, a finance broker, is now analyzing the feasibility of transactions in order to place the debt pool for the lender.
Continued...
Posted 3/5/2010 - 9:42:00 AM
Stonebridge Wraps Renovation At CO Hampton Inn
GLENWOOD SPRINGS, CO—Stonebridge Companies has completed a four-month renovation project at the Hampton Inn Glenwood Springs here.
Continued...
Posted 3/5/2010 - 9:18:49 AM
GLENWOOD SPRINGS, CO—Stonebridge Companies has completed a four-month renovation project at the Hampton Inn Glenwood Springs here.
Continued...
Posted 3/5/2010 - 9:18:49 AM
Sunstone Promotes Key Execs; Buser, Alter Reduce Compensation
SAN CLEMENTE, CA—On the heels of much balance sheet recalibration and portfolio repositioning within the past year, Sunstone Hotel Investors, Inc. has promoted seven of its staff members who played critical roles in allowing the company to work through the recession and come through it in a better position. Furthermore, Sunstone’s president and CEO, Art Buser, and executive chairman, Robert Alter, elected to reduce their personal compensation in order to reward their team with the promotions and not consequently affect shareholder value.
Continued...
Posted 3/5/2010 - 9:13:10 AM
SAN CLEMENTE, CA—On the heels of much balance sheet recalibration and portfolio repositioning within the past year, Sunstone Hotel Investors, Inc. has promoted seven of its staff members who played critical roles in allowing the company to work through the recession and come through it in a better position. Furthermore, Sunstone’s president and CEO, Art Buser, and executive chairman, Robert Alter, elected to reduce their personal compensation in order to reward their team with the promotions and not consequently affect shareholder value.
Continued...
Posted 3/5/2010 - 9:13:10 AM
Cornell To Honor Kerzner
ITHACA, NY—Solomon Kerzner, founder of Kerzner Interntional will be honored as Hospitality Innovator of the Year by the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at Cornell University's School of Hotel Administration this summer.
Continued...
Posted 3/5/2010 - 9:09:46 AM
ITHACA, NY—Solomon Kerzner, founder of Kerzner Interntional will be honored as Hospitality Innovator of the Year by the Leland C. and Mary M. Pillsbury Institute for Hospitality Entrepreneurship at Cornell University's School of Hotel Administration this summer.
Continued...
Posted 3/5/2010 - 9:09:46 AM
Courtyard Expands In Switzerland
BASEL, SWITZERLAND—Marriott International has opened a 175-room Courtyard here, five miles from the EuroAirport Basel and close to downtown.
Continued...
Posted 3/5/2010 - 7:05:55 AM
BASEL, SWITZERLAND—Marriott International has opened a 175-room Courtyard here, five miles from the EuroAirport Basel and close to downtown.
Continued...
Posted 3/5/2010 - 7:05:55 AM
HB ON THE SCENE: Country Inns & Suites Sets Trio Of Upgrades
ORLANDO, FL—In a presentation to the Carlson Hotels brand conference here, Steve Mogck, who heads Carlson's Country Inns & Suites brand, described three upgrades planned for the brand.
Continued...
Posted 3/4/2010 - 11:21:27 PM
ORLANDO, FL—In a presentation to the Carlson Hotels brand conference here, Steve Mogck, who heads Carlson's Country Inns & Suites brand, described three upgrades planned for the brand.
Continued...
Posted 3/4/2010 - 11:21:27 PM
Starwood Appoints Prabhu Vice Chairman
WHITE PLAINS, NY—Starwood Hotels & Resorts Worldwide has named its CFO, Vasant Prabhu, to be vice chairman.
Continued...
Posted 3/4/2010 - 11:18:00 PM
WHITE PLAINS, NY—Starwood Hotels & Resorts Worldwide has named its CFO, Vasant Prabhu, to be vice chairman.
Continued...
Posted 3/4/2010 - 11:18:00 PM
President Signs Travel Promotion Act
WASHINGTON—President Obama has signed the long-under-discussion Travel Promotion Act into law.
Continued...
Posted 3/4/2010 - 12:59:24 PM
WASHINGTON—President Obama has signed the long-under-discussion Travel Promotion Act into law.
Continued...
Posted 3/4/2010 - 12:59:24 PM
Beach House Maldives Joins Waldorf Astoria Collection
SINGAPORE—The Beach House Maldives is now part of Waldorf Astoria Hotels and Resorts.
Continued...
Posted 3/4/2010 - 11:30:59 AM
SINGAPORE—The Beach House Maldives is now part of Waldorf Astoria Hotels and Resorts.
Continued...
Posted 3/4/2010 - 11:30:59 AM
HB ON THE SCENE: Carlson Undertakes Ambitious Five-Year Plan
ORLANDO, FL—Carlson Hotels opened its first brand conference in two years here, with Carlson President and CEO Hubert Joly presenting a multi-faceted, five-year growth plan—aptly called Ambition 2015—for the hotel group.
Continued...
Posted 3/4/2010 - 10:12:02 AM
ORLANDO, FL—Carlson Hotels opened its first brand conference in two years here, with Carlson President and CEO Hubert Joly presenting a multi-faceted, five-year growth plan—aptly called Ambition 2015—for the hotel group.
Continued...
Posted 3/4/2010 - 10:12:02 AM
World Hotels Adds Vermont's Essex Resort
NEW YORK—World Hotels has added The Essex Resort and Spa in Essex, VT, to its Deluxe Collection of affiliate hotels.
Continued...
Posted 3/4/2010 - 10:09:36 AM
NEW YORK—World Hotels has added The Essex Resort and Spa in Essex, VT, to its Deluxe Collection of affiliate hotels.
Continued...
Posted 3/4/2010 - 10:09:36 AM
New Name, Operator For ING Clarion Condo-Hotel
DORAL, FL—ING Clarion Partners has branded The Blue, a recently opened 240-room luxury condo-hotel here, as Hyatt Miami at The Blue and hired Davidson Hotel Co. as the hotel’s new operator.
Continued...
Posted 3/4/2010 - 9:49:26 AM
DORAL, FL—ING Clarion Partners has branded The Blue, a recently opened 240-room luxury condo-hotel here, as Hyatt Miami at The Blue and hired Davidson Hotel Co. as the hotel’s new operator.
Continued...
Posted 3/4/2010 - 9:49:26 AM
Hilton Caribe Adds 96 Keys
SAN JUAN, PR—Hilton Worldwide's Caribe Hilton Hotel here has added 96 keys to its Condado Lagoon Villas, completing the 264-unit Villas project.
Continued...
Posted 3/4/2010 - 6:56:41 AM
SAN JUAN, PR—Hilton Worldwide's Caribe Hilton Hotel here has added 96 keys to its Condado Lagoon Villas, completing the 264-unit Villas project.
Continued...
Posted 3/4/2010 - 6:56:41 AM
Istithmar Defaults On Knickerbocker Loan
NEW YORK—Istithmar, an investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel in Times Square here.
Continued...
Posted 3/4/2010 - 6:49:51 AM
NEW YORK—Istithmar, an investment arm of the Dubai government, has defaulted on its $300 million mortgage on the former Knickerbocker Hotel in Times Square here.
Continued...
Posted 3/4/2010 - 6:49:51 AM
LaSalle Purchases DC Sofitel
WASHINGTON, DC—LaSalle Hotel Properties has acquired the 237-room Sofitel Washington, DC Lafayette Square for $95 million.
Continued...
Posted 3/3/2010 - 11:59:32 PM
WASHINGTON, DC—LaSalle Hotel Properties has acquired the 237-room Sofitel Washington, DC Lafayette Square for $95 million.
Continued...
Posted 3/3/2010 - 11:59:32 PM
Luxe Worldwide Expands With 15 New Hotels
LOS ANGELES—Luxe Worldwide Hotels has added 15 new hotels to its portfolio over the last two months.
Continued...
Posted 3/3/2010 - 9:25:39 AM
LOS ANGELES—Luxe Worldwide Hotels has added 15 new hotels to its portfolio over the last two months.
Continued...
Posted 3/3/2010 - 9:25:39 AM
MeadowView Marriott Completes Renovations
KINGSPORT, TN—The MeadowView Marriott Conference Resort and Convention Center here has completed a multimillion-dollar guestroom renovation and expansion.
Continued...
Posted 3/3/2010 - 9:20:00 AM
KINGSPORT, TN—The MeadowView Marriott Conference Resort and Convention Center here has completed a multimillion-dollar guestroom renovation and expansion.
Continued...
Posted 3/3/2010 - 9:20:00 AM
Philips Launches Remote Television Management Solution
ALPHARETTA, GA—Philips Electronics has launched its 2010 Philips Smart Gateway (PSG), which allows hoteliers to control all features on a Philips commercial television without having to physically visit the guestroom.
Continued...
Posted 3/3/2010 - 9:10:11 AM
ALPHARETTA, GA—Philips Electronics has launched its 2010 Philips Smart Gateway (PSG), which allows hoteliers to control all features on a Philips commercial television without having to physically visit the guestroom.
Continued...
Posted 3/3/2010 - 9:10:11 AM
Residence Inn Reaches 600-Property Milestone
NORTH CONWAY, NH—When a 108-suite Residence Inn by Marriott opened here last week, it became the upscale extended-stay brand's 600th hotel.
Continued...
Posted 3/3/2010 - 12:04:13 AM
NORTH CONWAY, NH—When a 108-suite Residence Inn by Marriott opened here last week, it became the upscale extended-stay brand's 600th hotel.
Continued...
Posted 3/3/2010 - 12:04:13 AM
