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Strategic Hotels’ Shares Rise Above 2008 Levels

Strategic Hotels’ Shares Rise Above 2008 Levels

While most hotel companies saw very positive gains in 2013, buoyed by strong fourth-quarter results, Strategic Hotels has had a better-than-expected trajectory. According to this report from Crain’s Chicago Business the Chicago-based real estate investment trust reported funds from operations ...

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New Orleans Hotels Approve Room-Tax Hike

New Orleans Hotels Approve Room-Tax Hike

Last year in Louisiana, a state law was passed that would allow for New Orleans hotels to impose a new 1.75 percent room charge to generate more revenue for tourism promotion. In order to pass, the law required representatives of ...

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Hilton Signs Agreement for DoubleTree Near Taj Mahal

Hilton Signs Agreement for DoubleTree Near Taj Mahal

AGRA, India—Hilton Worldwide and DoubleTree by Hilton announced the signing of a management agreement with Archer Hospitality Private Limited for DoubleTree by Hilton Agra, scheduled to open this August. Located just 1.25 miles from the Taj Mahal, DoubleTree by Hilton ...

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Woodridge and Colony Acquire the Ritz-Carlton Kapalua Resort

Woodridge and Colony Acquire the Ritz-Carlton Kapalua Resort

MAUI, Hawaii—The Ritz-Carlton Kapalua Resort was sold to a partnership between Michael Rosenfeld’s Woodridge Capital Partners and Colony Capital and its affiliates including Colony Financial. The property, located on the island of Maui, is situated on 54 oceanfront acres, within ...

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R.D. Olson to Reposition LAX Office Building

R.D. Olson to Reposition LAX Office Building

IRVINE, Calif.—R.D. Olson Construction is commencing construction on a $44.5 million hotel project, the Residence Inn by Marriott at Los Angeles International Airport (LAX) in Los Angeles, Calif. The general contractor was chosen by new owners, SVI LAX to convert ...

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