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Detroit Hotel Market is Shifting Gears

Detroit Hotel Market is Shifting Gears

Following three years of consecutive RevPAR growth and occupancy gains, Detroit has repositioned itself as a key hotel market. With the ongoing recovery of the auto industry and revival of the downtown corridor, hoteliers are starting to see Detroit as ...

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Leisure Reservations Surged in April

Leisure Reservations Surged in April

DALLAS—Pegasus Solutions has issued data showing that the leisure market in North America surged ahead in April by an impressive +7.0 percent, surpassing the global rate of +6.2 percent. Corporate bookings struggled to maintain the record global pace of +8.8 ...

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The Top and Bottom Lines

Developers are attracted to extended-stay (ES) hotels because of the relative simplicity of their operations and their high profit margins. Low levels of staffing combined with limited offerings of services and amenities allow for a significant portion of topline revenues ...

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Hospitality Property Sales Expected to Jump in 2013

CHICAGO—Sales of hospitality properties across the United States are expected to increase in the foreseeable future, thanks to continued strength in property fundamentals, according to new research released by Marcus & Millichap Real Estate Investment Services. “Our Q1 2013 Hospitality ...

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