BridgeStreet Global Hospitality released the results of a worldwide survey of more than 640 recent guests at the Serviced Apartments Summit this year, revealing an overwhelmingly positive sentiment toward blending business travel with leisure, dubbed 'bleisure.'
Commencing January 1, 2015, the hotel industry will have a new, significantly revised set of guidelines governing accounting for hotels. This is just one of the many things that distinguishes hotels and the hotel industry from every other class of real estate. And the new rules will have a significant impact on a number of matters in hotel management agreements.
Worldwide, shopping tours play an important part on one in three holidays spent abroad. It is not just travellers from Asia who go on extensive shopping tours. South Americans also enjoy the shopping opportunities at their travel destinations more than others.
Soho is the most expensive London district in which for travelers to stay. Thats according to the latest survey from CheapRooms.co.uk, which compared Londons various neighborhoods based on their cost of lodging.
The Ritz-Carlton will assume management of ONE Bal Harbour Resort & Spa on October 2, 2014. The luxury resort will become The Ritz-Carlton Bal Harbour, Miami marking the tenth property in the hotel companys Florida portfolio.
NorthStar Realty Finance Corp. (NYSE: NRF) last week announced that it has entered into a definitive agreement to acquire a $1.1 billion hotel portfolio from Inland American Real Estate Trust. The Portfolio is comprised of 52 upscale extended stay and select service hotels with approximately 7,000 rooms.
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