Lately, it seems like everyone wants to buy - or sell - an independent hotel management company. And this may be one of the best times to do so in a long while. Here are some thoughts on this timely subject by two of our hotel lawyers who have just completed a successful sale of an independent operator.
The third quarter edition of the Global Economic Outlook offers timely insights from Deloitte Research economists about the United States, the Eurozone, China, Japan, India, Russia, Brazil, and the United Kingdom.
The Americas region recorded positive results in the three key performance metrics when reported in U.S. dollars during July 2014, according to data compiled by STR and STR Global.
Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced its Sheraton brand will continue to expand its footprint in Thailand with the signing of Sheraton Samui Resortin Koh Samui, Thailand's second largest island after Phuket. The agreement with TCC Hotels Group, a member of theTCC Land Group, marks the conversion of the existing 141-room Imperial Samui Beach Resort to a Sheraton, anticipated to take place by December 2014.
The European hotel industry posted mixed results in year-over-year metrics when reported in U.S. dollars, Euros and British pounds for July 2014, according to data compiled by STR Global.
An updated lodging forecast released today by PwC US anticipates stronger occupancy gains in 2014, setting the stage for 2015, during which PwC US anticipates the highest occupancy levels in 20 years.
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