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Hotel Management Agreement Performance Standards - The Owner's Return Test - By Jim Butler, Author of Www.HotelLawBlog.com
The hotel management agreement or HMA is one of the most important factors in the financial success or failure of a hotel, and the value of an owner's or lender's interests in the property. One of the many important provisions in the HMA can be the performance standard the Operator is required to meet, and the consequences of such a failure. This is the third article in the series on this subject. ...more
Hotels Beware: Do Not Check-in Corruption
As U.S. based hotel franchise, management and investment companies recover from the recent economic recession and seek growth in international markets, operators should be aware of certain regulatory risks associated with international expansion. ...more
Great Wolf Resorts Announces License and Management Agreement for New Great Wolf Lodge in Garden Grove, CA
Great Wolf Resorts, Inc.® (NASDAQ: WOLF) announced that it has signed License and Management Agreements related to the development of a new 600-suite Great Wolf Lodge® resort in Garden Grove, California’s world famous International West Resort. ...more
The Siegel Group Continues Expansion with Acquisition of 17th Siegel Suites Location
The Siegel Group Nevada, Inc., a Commercial Real Estate & Business Development Company, today announced that it had completed its acquisition of the Charleston Plaza Apartments; a 64 unit apartment complex situated on approximately .43 acres. ...more
Choice Hotels Announces First-Ever Comfort Suites Hotel in Downtown Atlanta
Franchisor Plans for Historic Adaptive Re-Use Project with Atlanta Underground, LLC ...more
First Hotel Indigo Signed in Southeast Asia
IHG (InterContinental Hotels Group) signed a management agreement with Piyasombat Property Co. Ltd. for the first Hotel Indigo in Southeast Asia. This marks another strategic step to expand the presence of this upscale boutique brand in the Asia Pacific. ...more
Que Huong Liberty to Develop the First Pullman in Ho Chi Minh City
Pullman Saigon Centre will be a 300-room newly built upscale hotel, with contemporary architecture and chic interiors. Located right in the city centre in District One on Tran Hung Dao, Pullman Saigon Centre will be oriented towards welcoming business and leisure travelers from around the world and will help fill the continuing demand for upscale accommodation in the city. ...more
Choice Hotels International Breaks Ground on First Suburban Extended Stay Hotel Locations for Canada
Choice Hotels International, Inc. (NYSE: CHH) broke ground this week on the company's first Suburban Extended Stay Hotel properties for Canada in Estevan, Saskatchewan and Thompson, Manitoba. ...more
Mount Washington Hotel/Condo Project Clears Another Hurdle
One Grandview, the proposed $90 million hotel/condominium project on Mt. Washington, cleared another hurdle today with the approval of its final design plan by the Pittsburgh City Planning Commission. ...more
Marriott International Announces First Hotel in Guyana
Georgetown Marriott Hotel to Open in 2013; Seeking LEED Status by USGBC ...more
Pebblebrook Hotel Trust Acquires the Sir Francis Drake Hotel in San Francisco, California
Pebblebrook Hotel Trust (NYSE: PEB) announced that it has acquired the Sir Francis Drake Hotel for $90.0 million from a partnership led by The Chartres Lodging Group, LLC. ...more
CHM Forms CHM Partners to Acquire Hotels, Roger Clark Joins As Managing Partner
Capital Hotel Management to acquire hotels primarily as a co-investor with other equity partners. ...more
WORLDHOTELS Adds 26 New Affiliate Hotels to Its Global Portfolio Since Jan. 1, 2010
WORLDHOTELS, the hotel group for independent hotels and regional hotel brands, today announced the addition of 26 new hotels to its growing global portfolio since Jan. 1, 2010. ...more
Doubletree by Hilton Multiple Hotel Development Deal Announced for Poland
Doubletree by Hilton Warsaw Conference Centre & Spa and Doubletree by Hilton Lodz Both Due to Open in 2012 ...more
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