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October 8, 2012News for hotel and lodging professionals

  Front Desk 
  • La Quinta puts 46 properties on the market
    LQ Management is putting 46 of its assets up for sale as part of a strategy to update its portfolio. The portfolio comprises 34 exterior-corridor La Quinta Inn properties and 12 hotels under different brands, collectively valued at "a couple of hundred million dollars," said President and CEO Wayne Goldberg. "It's something we've wanted to do for a long time, but couldn't because of our debt structure. We've restructured that debt to allow us to pull the trigger on selling these assets that no longer meet our ownership criteria," he said. (10/5) LinkedInFacebookTwitterEmail this Story
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  Business Update 
  • Joint venture acquires Westin Atlanta Perimeter North
    The 372-room Westin Atlanta Perimeter North in Atlanta has been sold to a joint venture composed of The Arden Group, Carey Watermark Investors and Marcus Hotels and Resorts. The total investment made by the joint venture amounted to $57 million. A portion of that, $14 million, will be used to refurbish rooms and public areas. (10/5) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • Lodging investment market is on a slow rebound, executives say
    Little by little, the debt market for hotel properties is regaining confidence and the pace of lodging transactions is picking up, executives from several hotel-investment firms said during a panel at last week's Lodging Conference in Phoenix. The market is expected to recover slowly through 2013 despite lingering economic uncertainties and worries over the upcoming presidential election, they said. "There are things that are outside our control. There is a lot to be scared about if you want to be. You can't control any of that," said Bruce Lowrey, managing director of RockBridge Capital. (10/5) LinkedInFacebookTwitterEmail this Story
  • Let channels have their own identity, hotel experts say
    In this feature story, experts weigh in on how to manage distribution channels. "You really should have a marketing plan for each channel depending on your business mix and the profitability of each channel," said Nolan Wrentmore, an Aimbridge Hospitality vice president. He adds that hotels need different approaches for each property. (10/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  Hot Topics 

Top five news stories selected by AH&LA SmartBrief readers in the past week.

  • Results based on number of times each story was clicked by readers.
  Best Practices 
  • Column: Building customer loyalty lies in offering high-value service
    Building a relationship with customers through engagement is key to nurturing a loyal customer base, writes Bryan K. Williams of B.Williams Enterprise. "People (especially customers) thrive off of relationships. Customers can easily tell if you are revenue-driven vs. relationship-driven," Williams writes. (10/4) LinkedInFacebookTwitterEmail this Story
  • InterContinental Miami will unveil $30M new look
    The InterContinental Miami will show off its $30 million upgrades at the end of the month. The project includes renovated suites, technology and lighting upgrades, and a pan-Latin restaurant featuring meals from chef Richard Sandoval. The Miami Herald (free registration) (10/4) LinkedInFacebookTwitterEmail this Story
  • Other News
  Government Affairs 
  • Both Romney and Obama could halt hotels' recovery, experts say
    Both presidential candidates have policies that could threaten the slow recovery of the lodging industry, said attendees and panelists at last week's Lodging Conference in Phoenix. However, attendees said that the most pressing issue the industry faces is the upcoming "fiscal cliff" that could lead to significant cuts in the U.S. federal budget and the discontinuation of several vital tax breaks. Travel Weekly (10/7) LinkedInFacebookTwitterEmail this Story

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  AH&LA News 
  • Step-by-step social media tutorials
    On AH&LA's revised social media section, easily learn how to use and manage Facebook, Twitter, blogs, RSS feeds and traveler-generated content. Through the expertise of AH&LA allied member TIG Global, we've created a portal for helping you execute a viable social media strategy to capture more market share. Check out executive blogs while you're there. LinkedInFacebookTwitterEmail this Story
  • Statistics detail industry at large
    The AH&LA Data Center, powered by Smith Travel Research, gives you access to the most comprehensive hospitality research, spanning national and state hotel statistics. There are valuable reports for hoteliers and hospitality suppliers, AH&LA property and corporate members get generous discounts on reports to optimize their operational strategy, and allied members get free reports to generate leads. LinkedInFacebookTwitterEmail this Story
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--John D. Rockefeller,
American industrialist and philanthropist

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