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January 18, 2013News for hotel and lodging professionals

  Front Desk 
  • Host Hotels sells Marriott Marquis hotel in Atlanta for $293M
    Host Hotels & Resorts announced its sale of the Marriott Marquis hotel in Atlanta to an undisclosed buyer. The 1,663-room property was sold for $293 million as part of an initiative by Host Hotels to shed assets. "I am excited to report our continued success in executing our asset sale strategy. In the past 12 months, we have sold four hotels for approximately $450 million," Gregory J. Larson, an executive vice president at Host Hotels, said in a statement. The Atlanta Journal-Constitution (1/17) LinkedInFacebookTwitterEmail this Story
  Business Update 
  • Iowa's Blackhawk to join Marriott Autograph Collection
    Starting on March 6, the Hotel Blackhawk will operate as a member of the Marriott Autograph Collection. "Short of a call-up to play centerfield for the St. Louis Cardinals, an invitation to move the Hotel Blackhawk into the company of some of the world's most interesting hotels is the most exciting thing I can imagine," said Amy Gill of Restoration St. Louis. Quad-City Times (Davenport, Iowa) (1/16) LinkedInFacebookTwitterEmail this Story
  • Rock Gaming to acquire Detroit's Greektown Casino
    Rock Gaming officials have announced a deal to purchase the Greektown Casino Hotel in Detroit as part of the company's profit-making strategy that also aims to breathe new life into cities. "We really like the connectivity of the Greektown property. It's right in the heart of downtown. It's surrounded by an entertainment district," said Matt Cullen, CEO of Rock Ventures. The Plain Dealer (Cleveland) (1/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • Luxury market must focus on up-for-anything millennials
    Luxury marketers are eyeing the millennial demographic as key spenders who are open to travel and value engagement. "The situation is that baby boomers are moving off the stage as the leaders in luxury consumption, as Gen X and Gen Y are moving into their luxury consumption years," said Milton Pedraza, CEO of the Luxury Institute in New York. Luxury Daily (1/17) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Technology 
  • Other News
  Best Practices 
  • Column: Learning to lead from example
    Some of the most respected leaders in the hotel industry exhibit common characteristics that others may emulate to achieve their own success, writes W. Michael Murphy, a director at Ashford Hospitality Trust. "Books and articles on leadership are nice enough, but the most direct route to gaining the skills of a leader come from identifying those of your own leaders you find most compelling and which you can mimic," Murphy writes. (1/16) LinkedInFacebookTwitterEmail this Story
  • L.A. council OKs $2B mixed-use project
    A $2 billion plan to build twin 46-story residential skyscrapers, a retail plaza and more than two acres of open space and restore the Hyatt Regency Century Plaza Hotel in Los Angeles has been approved by the City Council. The 1.5-million-square-foot project is projected to create more than 3,500 construction and permanent jobs. Commercial Property Executive (1/17) LinkedInFacebookTwitterEmail this Story
  Government Affairs 
  • Corporate reforms could prove taxing for business travelers
    U.S. fiscal policy changes that brought the new year in with a bang could prove to be a dud for business travelers because traditional tax deductions may have been herded over the cliff. That's the warning shot fired by the Global Business Travel Association in a Jan. 14 letter. "Traditionally accepted business deductions, including the travel and entertainment tax deduction, remain at risk," wrote GBTA Executive Director Michael McCormick. (1/15) LinkedInFacebookTwitterEmail this Story
  AH&LA News 
  • Report examines top multicultural groups' spending power
    AH&LA's foundation funded a study to quantify the travel and spending power of the top five multicultural groups: African-Americans, Asian-Americans, Hispanics, Lesbian/Gay/Bisexual/Transgender (LGBT) and females. Providing a snapshot of the size and potential economic effect if the groups' spending power is harnessed, the report also examines differences in media usage, leisure travel activities and attitudes toward travel. AH&LA members can download for free. LinkedInFacebookTwitterEmail this Story
  • Young professionals get connected to the industry
    AH&LA's Under 30 Gateway offers members free access to the mentorship program, quarterly Webinars and exclusive publications, as well as discounts on training and certification through the Educational Institute and invitations to events just for young professionals. Check out the wealth of resources available at It's free to anyone employed at an AH&LA member organization, so spread the word. LinkedInFacebookTwitterEmail this Story
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If I had my life to live over, I would perhaps have more actual troubles but I'd have fewer imaginary ones."
--Don Herold,
American humorist, writer and cartoonist

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