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Strategic Hotels’ Shares Rise Above 2008 Levels

Strategic Hotels’ Shares Rise Above 2008 Levels

While most hotel companies saw very positive gains in 2013, buoyed by strong fourth-quarter results, Strategic Hotels has had a better-than-expected trajectory. According to this report from Crain’s Chicago Business the Chicago-based real estate investment trust reported funds from operations ...

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New Orleans Hotels Approve Room-Tax Hike

New Orleans Hotels Approve Room-Tax Hike

Last year in Louisiana, a state law was passed that would allow for New Orleans hotels to impose a new 1.75 percent room charge to generate more revenue for tourism promotion. In order to pass, the law required representatives of ...

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Hyatt Moving Tech Jobs to Downtown Chicago

Hyatt Moving Tech Jobs to Downtown Chicago

Employees at Hyatt’s corporate offices, located in downtown Chicago, are going to have 60 more names and faces to remember in the near future. According to this report from eNews Park Forest, Hyatt and Chicago Mayor Rahm Emanuel announced that ...

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La Quinta Releases Amended IPO Details

La Quinta Releases Amended IPO Details

It looks like La Quinta is heading back to the New York Stock Exchange, according to this tidbit from Nasdaq.com. The budget hotel operator, owned by Blackstone, announced that it has increased its proposed offering to $650 million in an amendment ...

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White Lodging Eyes Chicago for Hyatt Hotels

White Lodging Eyes Chicago for Hyatt Hotels

It looks like Chicago-based Hyatt will soon have two more branded properties opening up in its hometown. According to this report from Crain’s Chicago Business, White Lodging and Albert Friedman have plans to develop a Hyatt Place and Hyatt House ...

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