Most Clicked AH&LA SmartBrief Stories

1. Starwood to continue expansion of luxury brands in North America

AH&LA SmartBrief | Jan 26, 2015

Starwood Hotels & Resorts Worldwide will keep expanding its upper upscale and luxury brands in North America in an attempt to meet the growing demand for new-build hotels prompted by the continued economic recovery and increased funding potential, said Allison Reid, Starwood's senior vice president of North America development. Luxury Travel Advisor (01/23)

2. Sources: Few hitches in hotels' transition to new accounting standards

AH&LA SmartBrief | Jan 23, 2015

Aside from seeking a few clarifications, the hotel industry adopted the new accounting guidelines under the 11th edition of the Uniform System of Accounts for the Lodging Industry with relative ease, sources said. Among the changes in the new guidelines are increased detail in labor reporting, updated terminology to match universal usage and labeling resort fees as miscellaneous income. (01/22)

3. 4 hotel trends set to stand out in 2015

AH&LA SmartBrief | Jan 28, 2015

The top four trends that hotels are expected to capitalize on to increase bookings this year include mobile bookings; high-tech amenities such as check-in kiosks and keyless room entry; wellness-focused amenities; and services that cater to guests' pets. U.S. News & World Report (01/27)

4. San Francisco hotel sold to LaSalle Hotel Properties for $350M

AH&LA SmartBrief | Jan 27, 2015

LaSalle Hotel Properties has paid $350 million to acquire the 681-room Westin Market Street hotel in San Francisco. The hotel, which was renamed Park Central San Francisco, is the company's seventh property in the city. American City Business Journals (01/26)

5. Hotel investment market continues to improve

AH&LA SmartBrief | Jan 23, 2015

The hotel investment market appears to be on track for further growth, with a diverse mix of buyers, sellers and developers looking to capitalize on the strong fundamentals, writes Daniel Lesser, president and CEO of LW Hospitality Advisors. "With a deepening buyer pool, owners are bringing assets to market and investors ... are strongly competing for high-quality properties." (01/23)

6. Report: Hotels spent most on CapEx, repairs in 2008

AH&LA SmartBrief | Jan 29, 2015

Capital expenditures and repair and maintenance spending in the lodging industry peaked during 2008, accounting for 16% of hotels' yearly revenue, according to a study set to be released by the International Society of Hospitality Consultants and the Hospitality Asset Managers Association. Resort properties outspent all other hotel types from 2007 to 2012, while real estate investment trust owners spent more than non-REITs with 9.5% of revenue. (01/28)

7. NYC's super-luxury hotel scene is booming

AH&LA SmartBrief | Jan 29, 2015

Hotel industry experts say the number of super-luxury rooms in New York City with rates of $1,000 or more per night is at an all-time high. The Park Hyatt and the Baccarat Hotel are among the newcomers catering to this market. Crain's New York Business (01/27)

8. Soft brand Haven Hotel prepares to enter lodging scene

AH&LA SmartBrief | Jan 23, 2015

Hospitality Lodging Systems is set to introduce its new soft brand, Haven Hotels, to the market in early this year, with the first hotels expected to open by the second quarter. HLS Chairman and CEO Doug Collins said the brand would operate in the "midscale through upscale" segments and grow primarily through hotel conversions. (01/22)

9. Marriott to acquire Delta Hotels and Resorts

AH&LA SmartBrief | Jan 28, 2015

Marriott International is buying Canadian hotel firm Delta Hotels and Resorts for $135 million. Upon completing the deal, Marriott will add Delta's 38 hotels in more than 30 cities to its portfolio in Canada, bringing up its total footprint there to 27,000 rooms in more than 120 hotels. USA Today (01/27) Wall Street Journal (tiered subscription model), The (01/27)

10. $300M Destin, Fla., resort on track to open in 2016

AH&LA SmartBrief | Jan 23, 2015

Salamander Beach & Resort's $300 million development in Destin, Fla., dubbed The Henderson, is on track to open in 2016. The 171-room beachfront property is located near Henderson Beach State Park. Pensacola News Journal (Fla.) (tiered subscription model) (01/20)

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