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Starwood Hotels & Resorts Sells St. Regis, Rome

Starwood Hotels & Resorts Sells St. Regis, Rome

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide Inc. has sold The St. Regis, Rome to subsidiaries of Constellation Hotels Holding Limited for approximately $150.7 million. Starwood will continue to operate the hotel under the St. Regis brand flag as part of ...

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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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Construction Begins on Embassy Suites at Hughes Landing

Construction Begins on Embassy Suites at Hughes Landing

THE WOODLANDS, Texas–The Howard Hughes Corporation and its wholly-owned subsidiary, The Woodlands Development Company, announced today that it has begun construction on a 205-key Embassy Suites Hotel at Hughes Landing, a 66-acre mixed-use development in The Woodlands. Located on Lake ...

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Hyatt Place Savannah Airport Celebrates Official Opening

Hyatt Place Savannah Airport Celebrates Official Opening

CHICAGO—Hyatt Hotels Corporation and Hotel Equities have announced the opening of Hyatt Place Savannah Airport. The 81-room hotel is located two miles from the Savannah Hilton Head International Airport and a short distance from historic downtown Savannah. “We are delighted ...

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