Most Clicked AH&LA SmartBrief Stories

1. Hotel CEOs address changes in the hospitality industry

AH&LA SmartBrief | Mar 02, 2015

Changes in consumer behavior and attitudes offer opportunities to improve the way hotels engage travelers, Hyatt Hotels CEO Mark Hoplamazian says. For Six Senses CEO Neil Jacobs, keeping up with technological innovations is "a very expensive part of what we do every day." Skift (03/01)

2. Starwood links its loyalty program to Uber travel

AH&LA SmartBrief | Feb 27, 2015

Members of the Starwood Hotels & Resorts loyalty program can now earn "Starpoints" for their rides on the Uber car service. Members of the Starwood Preferred Guest program can earn 1 point for every dollar spent on Uber, once the two accounts are linked. Business Insider (02/25)

3. New York City's hotel industry is in danger of facing a downturn

AH&LA SmartBrief | Mar 04, 2015

The hotel market in New York City saw a 12.9% decline in the average revenue per available room in January, underperforming Boston, San Francisco and Los Angeles, according to hotel research firm STR. The strong dollar, weak global economy and increasing interest rates could hinder the growth of the city's hotel sector. "Currency will hurt arrivals in a place like New York almost for certainty," Marriott CEO Arne Sorenson said. New York Times (tiered subscription model), The (03/03)

4. FelCor continues to reposition its hotel portfolio

AH&LA SmartBrief | Mar 02, 2015

FelCor Lodging Trust is set to sell six more hotels as it continues to reposition its portfolio. Three of those properties are currently under contract. "Our portfolio repositioning efforts are largely complete. ... We exceeded the high end of our expectations for (revenue per available room) and (earnings before taxes, depreciation, amortization and depreciation) growth," FelCor President and CEO Richard Smith said. (02/27)

5. Commentary: Hotels must negotiate better deals to stay profitable

AH&LA SmartBrief | Mar 04, 2015

Columnist Howard Feiertag calls on the industry to pay attention to room rates as the hotel industry grapples with rising costs. "Sales staffers need to get better at negotiating deals to make sure that the properties represented maintain the expected increase in ADR," he writes. Hotel Management online (03/02)

6. $1B in Four Seasons properties are coming to south Fla.

AH&LA SmartBrief | Feb 26, 2015

Fort Capital Management and partners are investing $1 billion on three Four Seasons hotels in south Florida, with the possibility for a fourth under way. "It has more prestige and greater client recognition," said Fort Capital owner Nadim Ashi of the Four Seasons brand. Wall Street Journal (tiered subscription model), The (02/24)

7. La Quinta sees strong Q4 performance amid portfolio growth

AH&LA SmartBrief | Feb 26, 2015

La Quinta Holdings reported an 8.4% increase in revenue per available room in the fourth quarter as average daily rate and occupancy rose 3.3% and 296 basis points, respectively. The company continues to expand its global portfolio, having opened 45 hotels last year and two properties last month. La Quinta also expects to launch the first property under its new Del Sol prototype in March. (02/25)

8. ARC Hospitality closes $1.8B Equity Inns portfolio deal

AH&LA SmartBrief | Mar 03, 2015

American Realty Capital Hospitality has completed its acquisition of the Equity Inns lodging portfolio. The company announced the purchase from affiliates of the Whitehall Real Estate Funds sponsored by Goldman Sachs in June. Since then, the transaction has been amended to include 116 properties trading for $1.8 billion instead of 126 properties that were to be sold for $1.925 billion. (03/02)

9. Report: Hotels' profit margins hit nearly 15% in 2014

AH&LA SmartBrief | Mar 03, 2015

Net profits for privately held hotel properties jumped to 14.6% last year, up from 5.7% in 2013, according to data compiled by Sageworks. "We are seeing good solid sales growth into 2014, and don't expect a change in the trend in the near term," said James Noe, a Sageworks analyst. Forbes (03/01)

10. 5 hotels in Tampa Bay area are for sale for $100M

AH&LA SmartBrief | Mar 03, 2015

Best Western Bay Harbor, Ramada Westshore and three other hotels in Tampa Bay, Fla., have been put up for sale for $100 million after undergoing renovations. Equity Management Partners expects to market the properties for a minimum of a month. "They're all very good, strong operating properties," Principal Ben Mallah said. American City Business Journals (03/02)

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