All Entries in the "Hotels" Category
After a Rough Night, Hotel Investors Are Waking Up
“IS this as bad as it gets? For two years, big investors watched the implosion of the lodging industry as hotel values plummeted more than 50 percent. Now as private equity giants like the Blackstone Group and entrepreneurs like Richard Branson are diving into the sector, others are starting to think it has [...]
Revamped hotels are prepped for an industry recovery (theglobeandmail.com)
“Hoteliers aren’t exactly breaking open the champagne now that occupancy and room rates are inching up, but those who have committed to upgrades and renovations are feeling splashes of hope that their investments are paying off or will soon reap benefits.
InterContinental Hotels Group (owner of Holiday Inn, Crowne Plaza, Candlewood Suites [...]
Boutique hotel vs. chain reliability (theglobeandmail.com)
This is an interesting comparison, from the Business Traveller’s ‘experience’ perspective, between Boutique (i.e. Opus Hotel, Vancouver) and Chain (i.e. Marriott Hotel, Calgary) Hotels.
Read more…
Geolo Acquires Los Angeles Landmark – JDV to Manage
LOS ANGELES—Geolo Capital, the private equity arm of the John A. Pritzker family, has acquired the 250-room Custom Hotel here. Joie de Vivre Hospitality will manage the hotel.
The acquisition is the first transaction for the $150 million fund established this summer by Geolo Capital to fuel Joie de Vivre’s growth and national expansion. Geolo, which acquired [...]
Bob Boyle, Benchmark Regional VP, Dies
THE WOODLANDS, TX—Bob Boyle, regional vice president for Benchmark Hospitality International and general manager of Turtle Bay Resort in Hawaii, died suddenly September 17. He was 62.
Boyle was promoted to the regional position in July 2009, adding to his responsibilities as vp/general manager of Benchmark’s 443-room, offshore flagship property located on [...]
Avington Financial launching a hotel buyout fund called Avingstone – has the luxury hotel market reached a bottom?
HOSPITALITY BECKONS – Canadian duo David Mongeau and Piers Talalla are calling the bottom of the European luxury hotels market (The Globe and Mail)
www.theglobeandmail.com/report-on-business/hospitality-beckons/article1337893/
‘PKF Forecasts More Guests in 2010 (With a Catch)’ – Hotel News Resource
PKF Hospitality Research (PKF-HR) today announced that, according to an advance release of the September 2009 edition of Hotel Horizons(R), nine consecutive quarters of declining lodging demand will come to an end in the second quarter of 2010. ‘With the budgeting process underway at hotels around the U.S., the recovery of lodging demand is an [...]
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