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January 29, 2013News for hotel and lodging professionals

  Front Desk 
 
  • Select-service hotel market is poised for growth, experts say
    The Americas Lodging Investment Summit in Los Angeles last week concluded with a panel discussion by the Industry Real Estate Financing Advisory Council, during which experts pointed out strong investment opportunities in the branded select-service segment. The segment's development pace is picking up as more investors seek deals in this lower-risk, high-return market, they say. HotelNewsNow.com (1/28) LinkedInFacebookTwitterEmail this Story
Auction.com to sell Regency Hotel in Jackson MS
Auction.com, the Nation's Leading Online Real Estate Marketplace, are pleased to sell a Regency Hotel in Jackson Mississippi. This Hotel is set to be auctioned February 12 on auction.com. Starting bid is $750,000. See more info about the auction.
  Business Update 
  • Value Place closes on deal for $100M in capital investment
    Value Place has finalized a transaction with investment firm Lindsay Goldberg for a $100 million capital investment, which it plans to spend on expansion and upgrades to existing properties. The extended-stay hotel firm says it is looking at growth opportunities in the Chicago and Nashville, Tenn., markets. GlobeSt.com (1/28) LinkedInFacebookTwitterEmail this Story
  • Other News
  Market Trends 
  • Hotel executives warn of market oversaturation
    Many hotel brands have set their sights on growth this year, but some industry experts are wondering whether the market is in danger of oversaturation in the U.S. Wayne Goldberg, president and CEO of La Quinta Inns & Suites, suggests that oversaturation is not a major concern in the short term, but David Kong of Best Western International and Eric Danziger of Wyndham Hotel Group are more cautious. "I think that for the most part, supply growth seems to be in check, but a lot of it is concentrated in the midscale and upper-midscale segment. That creates a lot of supply in the marketplace," Kong said. HotelNewsNow.com (1/25) LinkedInFacebookTwitterEmail this Story
  • Foreign visitor spending in November rose 10% over 2011
    International tourist spending in the U.S. reached $14.1 billion in November, up 10% during the same month in 2011, the Commerce Department reports. Spending January through November 2012 on travel and tourism-related products rose 10% over figures during the same period the previous year, to $153.8 billion. TravelPulse (1/27) LinkedInFacebookTwitterEmail this Story
  • Other News
  Spotlight on Technology 
  • Travelport merges content distribution technology with Carlson
    Travelport and Carlson Rezidor Hotel Group have developed an advance interface system linking Carlson's central reservations system to Travelport's global distribution systems. Travel agents may now access Carlson's inventory and rates through the Apollo, Worldspan and Galileo GDS platforms. TravelPulse (1/27) LinkedInFacebookTwitterEmail this Story
  • Other News
  Best Practices 
  • Column: Hotel management is losing its personal touch
    The age of hotel managers wandering visibly throughout their property and interacting with guests and staff is giving way to the age of desk-tied managers hunched over reports and figures -- more focused on data than people, Alan Campbell writes. "I do believe that we as managers, especially the ones that have lost their way or strayed from the reason why they wanted to be an hotelier or be in the hospitality profession to start off with, can reeducate ourselves to do what we set out to do -- to provide guests with an experience that consists, in part, of the best and most personal service possible consistent with the wishes of the guest, and then some," Campbell writes. eHotelier.com (1/28) LinkedInFacebookTwitterEmail this Story
  Development 
  AH&LA News 
  • Don't fall for it
    If one hotel is the target of a scam, chances are the incident will repeat itself. Visit the industry scam update page in AH&LA's members-only section to learn about scams across the country. By being aware of the fraudulent behavior, you can ensure it doesn't happen to your property. To report a scam, contact Kathryn Potter at kpotter@ahla.com. LinkedInFacebookTwitterEmail this Story
  • Save the Date: Legislative Action Summit

    Join owners, CEOs and general managers April 23-24 in Washington for AH&LA's Legislative Action Summit to lobby on the issues that affect your bottom line. Come to the conference that offers levels of access, insight, and influence like no other. Highlights include appearances from key Washington policymakers, a CEO panel, informative sessions, culminating in personal meetings with members of Congress and an evening reception on Capitol Hill. Register today. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
I attribute my success to this: I never gave or took any excuse."
--Florence Nightingale,
British social reformer, nurse and statistician


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