FelCor Lodging Trust Incorporated (NYSE: FCH) today announced that it sold its 446-room Holiday Inn-Toronto Airport and 221-room Embassy Suites Hotel-Indianapolis North for aggregate gross proceeds of $29 million in separate transactions. FelCor is using asset sale proceeds to repay outstanding debt.
Wyndham Hotel Group Signs Deal for First Wyndham Resort in Costa Rica
Among the key markets in the region, Jeddah, Saudi Arabia, reported the largest increase in existing supply (+115.7 percent) if all 7,396 rooms Under Contract open.
Hotel Marketers Can Take Advantage of Social Media and Mobile to Reach and Engage Travel Shoppers Online
During the PKF study period, the cumulative total of the four franchise related fees ranged from a low of 6.0 percent of rooms revenue to a high of 6.7 percent.
JMH Development, led by Principal Jason Halpern, announced today the topping off of the Aloft South Beach, the 235-room hotel scheduled to open in early 2015 in the heart of Miami Beach.
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