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Hotel & Motel Management

Florida dockmaster first on deck for boaters

Florida dockmaster first on deck for boaters Bruce Adams Richard Breem has the unusual job of making hotel guests who are not staying in the hotel feel comfortable. Breem, dockmaster at the Hyatt Sarasota (Fla.), makes sure that boaters spending the night on their boats docked at the hotel’s pier are as comfortable as those […]

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Hotel & Motel Management

Bluegreen Corp., a developer and marketer of timeshare resorts and planned residential and golf communities, was included on Forbes magazine’s “America’s 200 Best Small Companies” list

Bluegreen Corp., a developer and marketer of timeshare resorts and planned residential and golf communities, was included on Forbes magazine’s “America’s 200 Best Small Companies” list Elaine Simon * Bluegreen Corp., a developer and marketer of timeshare resorts and planned residential and golf communities, was included on Forbes magazine’s “America’s 200 Best Small Companies” list. […]

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Hotel & Motel Management

Cost segregation studies can increase cash for buying power

Cost segregation studies can increase cash for buying power Chad E. Buchanan In today’s economy, sale prices are increasing, initial return percentages are decreasing, and room rates are staying put. But there are few better ways to create a higher level of positive cash flow in the initial years of an investment than a cost […]

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Hotel & Motel Management

New REIT buying 22 Crown hotels

New REIT buying 22 Crown hotels Bruce Adams Johnstown, Pa. — A new hotel real-estate investment trust is being formed in Dallas that plans to own 34 hotels with 6,829 guestrooms in 13 states. Capital Lodging is going through an initial public offering and plans to acquire 22 of those hotels from Crown Hotel Holding […]

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Hotel & Motel Management

RevPAR rising, but how far can it go as economy recovers?

RevPAR rising, but how far can it go as economy recovers? Peter C. Yesawich Most in the industry feel a sense of relief now that revenue per available room is headed north for the first time since 9/11. Current forecasts call for growth exceeding 5 percent by year-end. But let’s not forget the year-over-year comparisons […]

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Hotel & Motel Management

The Empire Hotel Group, a New York hotel management company

The Empire Hotel Group, a New York hotel management company Bruce Adams * The Empire Hotel Group, a New York hotel management company, partnered with SynXis to provide revenue-management services and electronic distribution to its hotels. Bruce Adams, badams@advanstar.com COPYRIGHT 2004 Advanstar Communications, Inc. COPYRIGHT 2004 Gale Group

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Hotel & Motel Management

Corporate purchasing programs have many advocates

Corporate purchasing programs have many advocates Stacey Mieyal Higgins National Report–Hotel operators depend on efficient, economical purchasing programs to keep a property running. With all of the improvements being made at the corporate level, it’s no wonder that general managers and department heads are reporting stellar results from their purchasing programs. Pat Olejniczak, director of […]

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Hotel & Motel Management

C-Corps advance, REIT stocks decline

C-Corps advance, REIT stocks decline There was mixed news for lodging stocks during the four-weeks ending Jan. 11, as lodging C-Corps advanced 4.1 percent from the previous month, while lodging real-estate investment trusts declined 1.2 percent from the previous month. The broader equity indices showed little change. Lodging C-Corps and lodging REITs increased 38 percent […]

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Hotel & Motel Management

Gaming acquisitions continue with Harrah’s, Caesars deal

Gaming acquisitions continue with Harrah’s, Caesars deal Bruce Adams LAS VEGAS — Less than one month after MGM Mirage said it would acquire Mandalay Resort Group to form the world’s largest gaming company, Harrah’s Entertainment announced it wants to acquire Caesars Entertainment. The $9.44-billion deal would supplant the proposed MGM-Mandalay company as the world’s largest […]

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Hotel & Motel Management

AmericInn brand at work on plans for interior, exterior upgrades

AmericInn brand at work on plans for interior, exterior upgrades Elaine Yetzer Simon St. Paul, Minn. — The AmericInn brand celebrated its annual convention in April with a renewed sense of optimism and plans for changes to the brand. The convention, held at the St. Paul RiverCenter, also was the first gathering with franchisees and […]