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Recovery From the Great Recession is Complete

Recovery From the Great Recession is Complete

In the lodging industry, the recovery from the Great Recession is complete. In Q2 2014, the construction pipeline posted a double-digit gain year-over-year (YOY) for the third consecutive quarter. At Q2 2014, the pipeline stands at 3,311 projects/421,387 rooms, an ...

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New Bank Regulations Could Dampen Hotel Lending

New Bank Regulations Could Dampen Hotel Lending

On Jan. 1, U.S. banks are required to adopt new underwriting criteria based on Basel-3 guidelines, which will sharply increase the capital banks must hold in reserve against “acquisition, development, or construction” loans above 80 percent loan-to-value (LTV) and where ...

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Ask Anthony: How Can We Prepare for the Next Recession?

Ask Anthony: How Can We Prepare for the Next Recession?

Anthony Melchiorri, hotel fixer and host of Travel Channel’s Hotel Impossible, loves dishing out advice. From sharing best practices to tackling operational issues, he’s here to answer your questions. How can hotels protect themselves from the next financial crisis? Hotels ...

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Hyatt Announces Sale of Park Hyatt Washington

Hyatt Announces Sale of Park Hyatt Washington

CHICAGO—Hyatt Hotels Corporation and Westmont Hospitality Group announced that a Hyatt affiliate has sold the 216-room Park Hyatt Washington to a venture comprised of Westmont Hospitality Group and Thomas Tan, a member of the Bestford Hospitality Group, for approximately $100 ...

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Hoteliers Continue to be Sharp with Budgeting Accuracy

Hoteliers Continue to be Sharp with Budgeting Accuracy

It’s time to throw away the Ouija boards. Apparently, predicting the performance of U.S. hotels has become easy for managers. For the third consecutive year, management’s projections of revenues, expenses, and profits contained in their budgets have been extremely accurate. ...

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