News
ALIS offers hope, but let’s not go overboard | By Jeff Higley
If there’s one message that came out of this week’s Americas Lodging Investment Summit, it’s this: Deals will happen as long as a hotel has a positive cash flow and there’s an experienced buyer in place. The fundamentals of the hotel industry are such that, even as simple as the message sounds, positive net operating income for the past 12 months and a savvy operation are not easy things to deliver. But the good thing is that for the first time since 2008, there’s hope. There’s optimism. It’s more than just smoke and mirrors happening in the hotel industry.
It’s officially time to buy hotels | By Jason Q. Freed | hotelnewsnow.com
Sorry hotels brokers, you must now return from the golf course and get back to the business of selling hotels. If you weren’t sold on the fact that the United States hotel transactions market is back, the Americas Lodging Investment Summit 2011 has been confirmation. The conference is back to its 2007 heyday, when more people were huddled in the hallway shaking hands than in educational sessions cursing the banks.
Bank Sales Will Dominate EMEA Hotel Investment Market in 2011
Driven by bank sales, hotel investment volumes are expected to remain stable across EMEA during 2011 with €8.3 billion worth of deals forecast for the year, up 18% per cent on preliminary volumes recorded for 2010 (€7 billion), according to Jones Lang LaSalle Hotels’ latest Hotel Investment Outlook report. Jones Lang LaSalle Hotels anticipates that investment activity will be strongest in highly-leveraged markets such as the UK and Ireland.
Langham Hospitality Group Takes Off In India with Quartet of Properties
The first of the new hotels will open in the first quarter of 2011 under the Eaton Smart brand at New Delhi Airport followed later in the year by its modern, tech-savvy property – Langham Place in Pune. The group also has also signed a management agreement with Lavasa Corporation for two new hotels in the eco-friendly hill city of Lavasa.
A Bruce County Ontario Vacation Brings Sexy Back with Valentine’s Day Getaways
TORONTO, ON -- An Ontariovacation to celebrate Valentine's Day this year is sure to please instead of the typical chocolates, red roses and greeting cards. This year, the snowy landscapes of Ontario beckon, offering plenty of ideas and locales for couples looking to escape from their romantic rut. In the spirit of amorous adventure, Bruce, Grey and Simcoe Counties offer the following Top 10 picks sure to start some sparks and get the home fires burning.
IMD and EHL provide a unique Opportunity to Business Owners and Top Managers in the Hospitality Industry
Two leading global institutions in management education, EHL (Ecole hôtelière de Lausanne) and IMD (International Management Development), have joined forces to develop a unique kind of training, FBH Family Business in Hospitality, a new executive programme specifically targeted at family-owned businesses and hospitality.
Rasa Sentosa Resort, Singapore Re-brands as Shangri-La's Rasa Sentosa Resort, Singapore
Rasa Sentosa Resort, Singapore has been re-branded as Shangri-La’s Rasa Sentosa Resort, Singapore after a complete S$80 million makeover. The resort has just re-opened today at 8:18 a.m. – an auspicious hour – in time for the Lunar New Year, the 10-month facelift is the resort’s most extensive to date.
Wyndham Hotel Group Unveils New Brand Identity and Product Designs for TRYP by Wyndham
Wyndham Hotel Group (NYSE: WYN) today unveiled new brand identity and product designs for its TRYP by Wyndham® brand, including an updated logo and public-space and guest-room designs suitable for hotel conversions and new-construction projects.
HVS Hotel Development Cost Survey 2010 | By Elaine Sahlins
HVS has tracked hotel construction costs throughout the United States since 1976. The survey considers data for six lodging types: Economy/Budget Hotels, Midscale Hotels w/o F&B (without Food and Beverage), Extended-Stay Hotels, Midscale Hotels w/ F&B (with Food and Beverage), Full-Service Hotels, and Luxury Hotels and Independent Resorts. The 2009/10 hotel development survey reports updated per-room development costs for through the end of 2010.
Resorts - A Focus On Value | Part I of II | By Sophie Richard and Philip Bacon
What is a Resort? How should the performance of Resorts be benchmarked and does this affect how we manage and value a Resort property? In the first of two articles we explore the Resort business model and where the value drivers lie. By Sophie Richard and Philip Bacon.
