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How to Deal: Leveraging Assets for Optimal Returns

How to Deal: Leveraging Assets for Optimal Returns

The hotel business is attracting a lot of investment money and there’s a good reason for that. “The market fundamentals are as good as we’ve seen since we’ve been in this business,” says Jim Merkel, president and CEO of Columbus, ...

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The Developing Story: San Jose

The Developing Story: San Jose

Booming business in the Silicon Valley and a thriving sports scene are fueling growth in this Bay Area city. The largest city in the Bay Area, San Jose has been a beneficiary of the economic boom surrounding the technology and ...

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First UFO Hotel Coming to California

First UFO Hotel Coming to California

BAKER, Calif.—The first UFO Hotel in America is on its way. The $30 million project in Baker, Calif., which is being spearheaded by Luis Ramallo, will feature 31 rooms on two floors designed within a full-scale alien spacecraft where guests ...

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AC Hotels by Marriott Announces Chicago Opening

AC Hotels by Marriott Announces Chicago Opening

CHICAGO—The AC Hotel Chicago Downtown, owned and managed by Marcus Hotels & Resorts, will open its doors to guests in the heart of Chicago’s River North neighborhood on May 29. Located on the corner of Rush and Ontario, the AC ...

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Strong RevPAR and ADR Growth Projected for 2015

Strong RevPAR and ADR Growth Projected for 2015

Like other industries, profits in the hotel business are achieved when revenues exceed the cost of operations. In 2015, there are several factors that will enhance the ability of hotel managers to control their operating expenses. First, the pace of ...

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