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U.S. Hoteliers Operate in Low Inflation Environment

U.S. Hoteliers Operate in Low Inflation Environment

ATLANTA—The magnitude of change in the major industry indicators is not pleasing U.S. hotel owners and operators. New development activity continues to accelerate, while growth in average daily room rates (ADR) has decelerated. The sluggish start during the first half ...

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Apple Hospitality Completes Merger with Apple Ten

Apple Hospitality Completes Merger with Apple Ten

RICHMOND, Va.—Apple Hospitality REIT, Inc. has announced the completion of its previously announced merger with Apple REIT Ten. The combination with Apple Ten’s highly complementary portfolio of 56 hotels creates one of the largest upscale, select service lodging REITs in ...

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Need-to-Knows of Negotiating a Franchise Contract

Need-to-Knows of Negotiating a Franchise Contract

From area of protection and new construction fees to capital expenditure mandates, hoteliers have a lot of business issues to consider before signing a franchise agreement. Mitch Miller, principal at Palo Alto, Calif.-based Miller Law Group, offers the following advice ...

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Hospitality Financial Leadership: Making the Numbers Matter

Hospitality Financial Leadership: Making the Numbers Matter

The finances of your hotel should be as important as guest service and colleague engagement. You are probably thinking that’s pretty obvious, right? The financial performance is equally, or most would argue, even more important than service or colleague engagement. ...

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A ‘BIT’ About Protecting Foreign Investments

A ‘BIT’ About Protecting Foreign Investments

Investing abroad may present lucrative opportunities in the form of new markets and customers. Hospitality companies, however, often face unique challenges when doing business abroad. For example, in 2009, Venezuelan President Hugo Chavez ordered the expropriation of a Hilton-run hotel ...

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