Finance & Investment
-
STR Suggests Cautious Optimism For India Hotels RecoveryPRESS RELEASE, March 4, 2010The health of India's hotel industry is returning, as data from STR Global shows a concerted upward trend and recent positive year-on-year growth in revPAR. More
-
Summit Capital Weighs US$380m In Real Estate Finance, Including HotelsPRESS RELEASE, March 3, 2010Summit Capital is analyzing the feasibility of financing transactions to place approximately US$380 million pool of non-recourse capital. Summit Capital's role is to present the lender with commercial real estate deals, with an emphasis on hotels. More
-
Increase In Asset-Backed Securities Signifies Recovery For TimesharePRESS RELEASE, March 2, 2010Despite the recession, timeshare asset-backed securities is one of the few asset classes demonstrating a renewed level of investor demand and resilient credit performance according to a recent Standard & Poor's analysis. More
-
London's Grosvenor House For SalePRESS RELEASE, March 2, 2010CBRE Hotels has been exclusively appointed to sell the Grosvenor House Hotel. The Grosvenor House is the largest single hotel asset to ever come to the EMEA market. More
-
Sawgrass Marriott Files For BankruptcyPRESS RELEASE, March 2, 2010The resort plans no changes to employee status and will continue normal operations, which will require a full staff of employees. Its is current with all vendors and suppliers. More
-
25% Fall In European Hotel Values Over Two Years: HVSPRESS RELEASE, March 1, 2010London bucks trend and HVS reports one-year growth of 14% in sterling terms (in Euro terms London hotels showed a growth of 1%). This follows an 11% fall in value of London hotels in sterling terms the previous year. More
-
LaSalle Hotel Properties Buys Sofitel Washington, D.C.PRESS RELEASE, March 1, 2010LaSalle Hotel Properties has acquired the 237-room Sofitel Washington, DC Lafayette Square for $95.0 million. More
-
Hotels Again Gaining Attention From Traditional LendersPRESS RELEASE, March 1, 2010As mortgage lending builds its reputation as a viable investment based on an improving profile, Jones Lang LaSalle Hotels reports traditional lenders have re-entered the hotel space in search of high-quality senior lending opportunities. More
-
ALIS Mixes Resignation, OptimismMarch 1, 2010The mood in January at the Americas Lodging Investment Summit (ALIS) at Hilton San Diego Bayfront seemed to be one of resignation to the fact that the hotel industry in the United States continues to struggle and might do so for at least another year, as jobs are slow to come and real estate prices struggle to find a bottom. More
-
ALIS Mixes Resignation, OptimismMarch 1, 2010The mood in January at the Americas Lodging Investment Summit (ALIS) at the Hilton San Diego Bayfront seemed to be one of resignation to the fact that the hotel industry in the United States continues to struggle and might do so for at least another year, as jobs are slow to come and real estate prices struggle to find a bottom. More
-
Six Senses Takes InvestorMarch 1, 2010In January, Six Senses Resorts & Spas, Bangkok, entered into a strategic alliance with Miami-based Saudi entrepreneur Laith Pharaon, who will become a stakeholder in the management arm of Six Senses group—Six Senses Mauritius. Pharon is taking a 10% stake in the company through a convertible instrument, with an option to grow it to 25% over two years. More
-
View From The TopMarch 1, 2010There remains trepidation and a wide range of opinions about the state of hotel industry affairs. Some of the more optimistic industry leaders say the industry is in recovery mode—even in the luxury segment—and opportunities to drive rate are finally right around the corner. Still others continue to point to a potential bubble in China, weak real estate prices and the continued thre... More
-
Look Out, GoliathMarch 1, 2010The best time to catch up with Fattal Hotels Founder and President David Fattal is while he is in his car. It is one of the few places his multi-tasking options are finite. Although he is not the kind of workaholic who can’t get through a dinner with friends without discreetly checking texts or taking calls, he is willing to talk business any time, day or night, weekday or weekend—a... More
-
Hyatt Reports Earnings For First Time Since Going PublicJeff Weinstein, February 26, 2010Adjusted EBITDA was $104 million compared to $97 million in the fourth quarter of 2008, an increase of 7.2% (4.3% excluding the effect of currency). The increase was largely driven by lower selling, general and administrative expenses compared to the fourth quarter of 2008. More
-
FelCor Q4 Results Exceed ExpectationsPRESS RELEASE, February 25, 2010FelCor's RevPAR, FFO and EBITDA exceeded expectations. Company continued to grow market share and extended remaining 2009 debt maturities and first of 2010 debt maturities. More
-
Hotel Cipriani Successful In Trademark CasePRESS RELEASE, February 24, 2010Hotel Cipriani has been successful in defending an appeal against a decision in the High Court in London in December 2008 in which a judge found for Hotel Cipriani in an action for trade mark infringement and passing off in respect of the mark ‘‘Cipriani'' for restaurant services, against the operators of the restaurant ‘Cipriani' London. More
-
U.S. Construction Costs Off 13% Since PeakPRESS RELEASE, February 24, 2010Turner Construction Co. says Q1 2010 non-residential construction costs have decreased by 0.5% from the Q4 '09 and decreased 7.74% from the Q1 '09. More
-
Harrah's IPO Could Come By 2013, Loveman SaysFebruary 23, 2010Harrah's Entertainment could eventually launch an IPO, possibly as early as 2013, CEO Gary Loveman says. The company also continues to pursue entry into the Macau market. More
-
Bremen Hotel Sold To Star Inn Hotels GroupPRESS RELEASE, February 23, 2010Acting on behalf of a private owner, Christie + Co has sold the leasehold interest of the Hotel Columbus in Bremen, Germany, to Star Inn Hotels Group, the European hotel operator, for an undisclosed sum. More
-
Wyndham Exchange & Rentals To Acquire HoseasonsPRESS RELEASE, February 22, 2010Wyndham Worldwide's Exchange & Rentals business unit has agreed to acquire Hoseasons Holdings Ltd, a UK holiday brand, from HgCapital and a number of individual parties. More
Advertisement
Advertisement
