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SBE Forms Real Estate Development Business

SBE Forms Real Estate Development Business

LOS ANGELES—SBE, the Los Angeles-based hospitality company that develops, manages, and operates hotels, restaurants, and nightclubs, announced the formation of an international real estate development subsidiary, Dakota Development. The Dakota team, which has developed more than 80 projects for SBE, ...

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Starwood Sells Phoenician to Host Hotels & Resorts

Starwood Sells Phoenician to Host Hotels & Resorts

STAMFORD, Conn.—Starwood Hotels & Resorts Worldwide, Inc. announced that it has sold The Phoenician, A Luxury Collection Resort in Scottsdale, Ariz. to Host Hotels & Resorts for $400 million. Under Host’s ownership, The Phoenician will undergo a complete renovation. Starwood ...

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Lodging Industry Financial Outlook Remains Strong

Lodging Industry Financial Outlook Remains Strong

ATLANTA—The outlook for the U.S. lodging industry continues to be extremely strong, according to the recently released June 2015 edition of PKF Hospitality Research’s (PKF-HR) Hotel Horizons. The report forecasts that U.S. hotels will continue to enjoy revenue per available ...

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