SELMA, Ala. (AP) — A real estate investor says it is loaning a hotel operator $3.4 million to buy a historic hotel in Selma.
American South Real Estate Fund said Monday that it has closed a...
Hyatt Hotels: 4Q Earnings Snapshot
CHICAGO (AP) _ Hyatt Hotels Corp. (H) on Wednesday reported fourth-quarter net income of $44 million.
The Chicago-based company said it had net income of 40 cents per share. Earnings, adjusted for non-recurring costs, came to 62 cents per share.
The results topped Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 22 cents per share.
San Francisco Marriott hotel workers vote on new contract
SAN FRANCISCO (AP) — Marriott hotel workers in San Francisco voted Monday on a new contract, bringing a possible end to a coast-to-coast effort by workers for better wages and job security from the world's largest hotel operator.
San Francisco is the last holdout of eight U.S. cities where nearly 8,000 Marriott hotel workers went on strike in October.
Hyatt Hotels: 3Q Earnings Snapshot
CHICAGO (AP) _ Hyatt Hotels Corp. (H) on Tuesday reported third-quarter profit of $237 million.
On a per-share basis, the Chicago-based company said it had profit of $2.09. Earnings, adjusted for non-recurring gains, came to 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 25 cents per share.
Visitor volume down slightly on Oregon Coast, spending up
ASTORIA, Ore. (AP) — The number of visitors staying in a hotel or rental home on the Oregon Coast dipped slightly last year, but overall spending grew to nearly $2 billion.
Hyatt Hotels: 2Q Earnings Snapshot
CHICAGO (AP) _ Hyatt Hotels Corp. (H) on Tuesday reported second-quarter profit of $77 million.
On a per-share basis, the Chicago-based company said it had net income of 66 cents. Earnings, adjusted for non-recurring costs, were 72 cents per share.
The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 48 cents per share.
LAS VEGAS (AP) — Housekeepers, bartenders and other unionized workers at Las Vegas casino-resorts operated by Caesars Entertainment approved a new five-year contract, ending the possibility of a strike at those properties.
After furnace failures, Richmond families get new lodging
RICHMOND, Va. (AP) — A Virginia hotel operator is offering free rooms to dozens of Richmond families dealing with broken heating systems in their public housing apartments.
SAN DIEGO, Ca. — There was a time when checked luggage wasn’t scanned at airports, you could bring a Swiss army knife on board an airplane, and your friends and family could accompany you to your departure gate.
Then the terrorist attacks of 9/11 occurred, and security at airports forever changed. Will the Las Vegas Strip massacre that originated from the 32nd floor of the Mandalay Bay resort now be the seminal event that will forever toughen security in U.S. hotels?
Berkeley lodging industry wants to regain control of county accommodations taxes
The Berkeley Chamber of Commerce is rallying support from the community to help hotel operators regain control of the county’s accommodations tax funds.
But Deputy Supervisor Tim Callanan has other ideas for those funds.
Chamber President Kevin Housand asked members in an email this week to attend Monday’s County Council Land Use and Economic Development Committee meeting to show support for the lodging industry.
Hawaii, federal regulators crack down on hidden resort fees
HONOLULU (AP) — The Hawaii Office of Consumer Protection is investigating resort fees charged by hotel operators as part of a nationwide effort to curb hidden industry fees.
BATTLE GROUND, Ind. (AP) — An investment group has bought a long-abandoned hotel that has been an eyesore along Interstate 65 near Lafayette, with plans to strip the building down to its concrete structure in hopes of finding a buyer.
The four-story building that opened in 1972 as a Holiday Inn has been closed since 2003. It has become mold infested and vandalized while the Battle Ground Town Council sought its cleanup or demolition.
The Dirt: La Quinta Inn to be built near Spokane International Airport
Construction of a La Quinta Inn is slated for this spring near the Spokane International Airport.
The $6.4 million project is designed as a four-story, 85-room hotel at 4611 S. Dowdy Road, next to Interstate 90 and West Geiger Boulevard. The structure will comprise more than 50,000 square feet, and Vandervert Construction of Spokane is the general contractor.
Trump organization says hotel deal in Dallas is off
DALLAS (AP) — A deal to build a new Trump-brand hotel in Dallas has been abandoned.
A spokeswoman for the Trump Organization said Thursday that the president's company told the developer not to pursue the deal with the city council.
The developer, Mike Sarimsakci, declined to comment when reached by phone.
Three development companies and one nonprofit have submitted plans to the state land commissioner to redevelop the Garrett’s Desert Inn property in the downtown historic district along the Santa Fe River.
The plans range from a complex of senior apartments, restaurants and shops managed by El Castillo Retirement Residences to a 1950s-style motor court hotel with 84 guestrooms, including four restored Airstream trailers.
Hyatt Hotels beats 3Q profit forecasts
CHICAGO (AP) — Hyatt Hotels Corp. (H) on Thursday reported third-quarter earnings of $62 million.
The Chicago-based company said it had profit of 47 cents per share.
The results surpassed Wall Street expectations. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 28 cents per share.
The hotel operator posted revenue of $1.09 billion in the period, falling short of Street forecasts. Seven analysts surveyed by Zacks expected $1.1 billion.
Coastal Georgia salvages holiday travel weekend after storm
SAVANNAH, Ga. (AP) — Businesses on the Georgia coast hope to salvage a profitable Labor Day weekend after Tropical Storm Hermine scared away some holiday travelers.
Joe Marinelli, president of Savannah's visitor bureau, said Saturday the city's hotels often see 90 percent occupancy rates over the Labor Day period. He says some people cancelled weekend hotel reservations because they feared traveling Friday as Hermine churned across southeast Georgia.
Sioux Falls hotels anticipate flat room tax revenue in 2017
SIOUX FALLS, S.D. (AP) — An industry committee that oversees funds from Sioux Falls' nightly hotel room tax anticipates flat revenue in 2017.
The Argus Leader (http://argusne.ws/2b6SsqE) reports that hotel operators expect visitor growth to slow.
Jan Grunewaldt is general manager at the Best Western Ramkota Hotel. Grunewaldt says business should have been stronger around the Sturgis Motorcycle Rally and earlier in the summer.