Posts Tagged ‘Lodging’
MLIS: Extended stay needs aggressive rate play
CHICAGO—Much like the rest of the hotel industry, the name of the game for the 320,000 extended-stay hotel rooms in the U.S. is all about raising average rates.
During a breakout session Monday at the Midwest Lodging Investors Summit in Chicago, extended-stay experts lamented the drop in rate the sector experienced during the recession and said now is the time for operators to be aggressive when it comes to incr [Read More Extended Stay Hotel Review News]
Choice Hotels International to Present at the 2011 Goldman Sachs Lodging …
My news for Investors
SILVER SPRING, Md., June 3, 2011 /PRNewswire/ — Choice Hotels International, Inc. (NYSE: CHH) today announced that will be presenting at the Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference on June 7, 2011 from 2:00 to 2:25 pm Eastern Time. Stephen P. Joyce, president a [Read More Extended Stay Hotel Review News]
Innkeepers Concludes Successful Auction to Identify Plan Sponsors
NEW YORK–(BUSINESS WIRE)–Innkeepers USA Trust and certain of its affiliates and subsidiaries
(“Innkeepers” or the “Company”) today concluded a two-day auction that
determined the sponsors of the Company’s Plan of Reorganization and
yielded an increase in value of more than $145 million when compared to
the stalking horse bid approved by the Bankruptcy Court.
[Read More Extended Stay Hotel Review News]
TDY Lodging Adds 83 Extended Stay Hotels to Corporate Housing Program
Military and Corporate Lodging Program Adds Extended Stay Hotels to DoD Housing Inventory
WASHINGTON, April 4, 2011 /PRNewswire/ — TDY Lodging announced the addition of 83 hotels to the corporate lodging system designed for short term DoD housing and government travel. One of the largest nationwide providers of long-term corporate housing has added 83 new hotels near ma [Read More Extended Stay Hotel Review News]
Layton gets first new hotel in seven years
Layton’s lodging industry received a boost last week with Hilton Worldwide’s opening of a 107-room Home2 Suites extended-stay hotel across the street from the Davis Conference Center.
The four-story structure is the city’s first new hotel since 2004, when a Hilton Garden Inn opened at the conference center.
“This new extended-stay hotel will bring a higher level of accommodation and service to our [Read More Extended Stay Hotel Review News]
REITs Ready to Shop
Since January, several lodging REITs have raised equity dollars in the public market. Summit Hotels Properties Inc. launched its IPO, and Chatham Lodging Trust as well as DiamondRock Hospitality Co. accomplished secondary stock offerings.
So what does this mean for the lodging industry? According to one observer, these public offerings are a prelude to more hotels changing hands in coming months as ownership entit [Read More Extended Stay Hotel Review News]
Chatham Lodging’s 4M-Share Offering Priced At 0.6% Discount
DOW JONES NEWSWIRES
Chatham Lodging Trust (CLDT) said its offering of at least 4 million shares priced at a 0.6% discount to its latest close.
The real estate investment trust had said Wednesday it planned to sell the …
[Read More Extended Stay Hotel Review News]
Chatham Lodging Signs Agreement to Acquire Upscale Extended-Stay Hotel in …
PALM BEACH, Fla.–(BUSINESS WIRE)–Chatham
Lodging Trust (NYSE: CLDT), a hotel real estate investment trust
(REIT) focused on upscale extended-stay hotels and premium-branded
select-service hotels, today announced that it has signed a contract to
acquire an upscale extended-stay hotel in Pittsburgh, Pa. for $24.9
million. The acquisition will be funded in part through t [Read More Extended Stay Hotel Review News]