Noble Investment Group ("Noble"), a leading lodging and hospitality investment organization, announced it completed more than $350 million in real estate investments over the past twelve months, increasing Noble's owned asset portfolio by 14 hotels. Most recently, Noble has acquired the Hotel Midtown in Atlanta and the Holiday Inn Memphis East. Currently, these transient oriented full service h...

The hair. The endless self-promotion. The ubiquitous catch phrase—“You’re fired!”These are often the first things we think of when Donald Trump’s name comes up. But while Trump has been vocal about promoting his celebrity on “The Apprentice” and during his short run for the Republican U.S. presidential nomination, he has been quietly growing the hotel side of his real estate empire. Now, with...

The North American hotel market continues its steady climb out of the economic slump of the past 5 years, according to research presented at the first ASFONA (Association of Starwood Franchisees & Owners – North America) Associate Board Members meeting of 2012. The meeting, which was held at The St. Regis Atlanta in mid-January, was attended by a number of Starwood senior corporate management, to...

Driven by debt restructuring deals, hotel investment activity is expected to remain stable across EMEA during 2012 with $11 billion worth of deals forecast for the year, reflecting transaction volumes similar to 2011 levels of $10.9 billion according to Jones Lang LaSalle Hotels' latest Hotel Investment Outlook report. Jones Lang LaSalle Hotels' anticipates that single asset transactions will con...

Asia Pacific has provided hotel chains significant opportunities for growth. The top ten leading groups cumulated a total inventory of approximately 770,000 rooms under the management, franchise and/or lease models, as at the third quarter of 2011. Among the top ten, there is a good balance of hotel groups which originated from Asia Pacific and those from outside the region. Out of the five hotel...

While no one has a crystal ball to accurately predict the future of the hospitality industry, Eric Stossel, Managing Editor of Lodging Hospitality has the next best thing: access to experts and insiders who have their fingers on the pulse of the industry. I was recently interviewed by Eric, along with other hospitality practitioners, for one of his articles that forecast the year ahead (see Capit...

When Hostmark Hospitality took over as the management company of the bankrupt Hotel Classique in Edison, NJ last November, they knew immediately they wanted to rebrand it as a Lexington Inn, part of Vantage Hospitality Group and the Lexington Collection® of hotels, inns, and suites.

Starwood Hotels & Resorts Worldwide Inc., owner of the luxury St. Regis and W brands, said fourth- quarter profit dropped after a cash payment from a lawsuit settlement boosted year-earlier earnings. Net income fell to $167 million, or 85 cents a share, from $339 million, or $1.78, a year earlier, the Stamford, Connecticut-based company said in a statement today. The year- earlier results include...

The consortium is planning to invest more than $100 million in an extensive renovation of the overall property while repositioning it as one of the premier hotel and condo destinations in Miami Beach. The 334-room hotel will be renamed The Perry South Beach until it is re-launched in late 2013 with a new brand after an extensive renovation. The 255 luxury residential condominiums will also be im...

France's Accor said on Wednesday it was no longer in the running to buy the prestige hotels of Groupe du Louvre, a unit of U.S. investment group Starwood Capital. Accor's offer, which it made together with Franco-Dutch property group Unibail-Rodamco, "was not retained", an Accor spokeswoman told Reuters, without giving further details.