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The U.S. hotel industry recorded a profit of $58 billion in 2012, just short of a peak level in 2007, according to new data from STR Analytics' 2013 Host Almanac. Based on almost 6,000 hotels, the industry's total revenue increased 13.4 percent in 2012. Read More »
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Global investors are expected to pump almost $750 million into Miami's hotel market this year, a 12 percent increase from a year ago, Jones Lang LaSalle predicts. More than $200 million of hotels has ... Read More »
Brack Capital Real Estate, a global real estate investment and development company, has sold The James New York for about $85 million. The buyer was not disclosed, according to the Commercial Property... Read More »
Global hotel chains reported a 5.1 percent increase in leisure bookings during the first quarter of 2013, according to new data from Pegasus Solutions. While bookings were aided by an early Easter hol... Read More »
When you're selling big, expensive and complex products, the sale rarely happens in a single conversation. It's particularly true today with international real estate, where sales cycles have turned i... Read More »
Condo-hotels have always had a spotty record in the U.S. The crash in real estate values beginning in 2008 severely affected the concept and prices fell from 50 to 60 percent and sales dwindled to alm... Read More »
The number of hotels opening in the United States is forecast to increase by 42 percent in 2013, after a lackluster 2012, according to new data from STR Analytics Only 420 hotels opened in the United ... Read More »
A new wave of timeshares is flooding the resale market, wreaking havoc on an industry trying to woo new customers. Timeshares in the secondary market are often priced 40 to 60 percent--or more-- Read More »
Five years after the economic crash, the timeshare industry posted another year of upbeat sales in 2012, defying naysayers who predicted the business would fade in the wake of the economic crash. Tota... Read More »
The number of hotels sold in the U.S. was up 41 percent year-over-year in the first two months of the 2013, according to Real Capital Analytics' latest hotel trends report. The largest increases were ... Read More »
Starwood Hotels & Resorts plans to sell $2 billion to $3 billion worth of hotels in the next couple of years as the company focuses on management-fee revenue, instead of real estate ownership. Propert... Read More »
Vacation home sales in the United States increased 10.1 percent in 2012, as Americans rekindled their love of second homes. The number of vacation homes sold in 2012 jumped to 553,000 from 502,000 in ... Read More »
One of Miami Beach's iconic hotels is poised to make a comeback with new owners. The Blackstone equity group sold the Miami Beach Resort and Spa for $117 million to a company controlled by Jacob Chetr... Read More »
The average daily rate for a hotel room in Miami rose 9.6 percent in February to $220.95, the largest increase from the previous month in the region, according to the latest report from STR Global. Sa... Read More »
The overall occupancy rate for U.S. hotels increased by 2 percent in February from the previous month, according to the latest data from STR. The industry also reported a monthly increase of the avera... Read More »
The Las Vegas Sands Corp. issued a statement this morning denying media reports suggesting the company acknowledged violating bribery laws. Coverage of the he hotel and casino company's most recent SE... Read More »
Despite a 20 percent drop, New York was the most active hotel investment market in the world in 2012, exceeding Paris and Hong Kong, according to a new report from Jones Lang LaSalle. New York is expe... Read More »
According to STR, the U.S. hotel industry reported increases in all three key performance metrics during January 2013. Overall, the U.S. hotel industry's occupancy rose 3.6 percent to 51.0 percent, it... Read More »
According to Roger Dow, president and CEO of the U.S. Travel Association, the looming sequester could have a negative impact on the travel industry. He also stated ensuing economic losses when busines... Read More »
According to the January 2013 STR Pipeline Report, total active U.S. hotel development pipeline comprises 2,637 projects totaling 307,289 rooms. This represents a 4.9-percent increase in the number of... Read More »
In a recent conference call with Greg Malark, COO of HelmsBriscoe, one of the world's largest group meeting procurement managers, he told his audience that the group hotel business has recovered more ... Read More »
