Starwood Hotels & Resorts Worldwide, Inc. (NYSE:HOT) announced today that it has completed the sale of the W San Francisco to Keck Seng Investments (Hong Kong) Limited for $90 million
Located Steps from the White House and Showcasing Unparalleled Views of the Historic City, W Washington D.C. Marks a Milestone in W\’s Continued Global Expansion
Security standards in the international hospitality industry need to be urgently reviewed in response to the growing global terrorist threat. In the last twelve months, the number of deadly attacks on luxury hotels has accelerated significantly, and the bombings of the Ritz-Carlton and Marriott hotels in Jakarta a couple of weeks ago highlight yet again how urgent this need has become.
Hersha Hospitality Trust (NYSE: HT) announced the sale and closing of the Hilton Garden Inn Gettysburg, PA as well as the closing of the previously announced sale of the Four Points by Sheraton in Revere, MA.
Continuing economic headwinds have not spared the luxury hotel spa industry. According to the latest figures of Spa STAR, the spa benchmarking program published by STR, performance metrics were either on par or declined for the first six months of 2009.
The recession is taking a toll on travel industry loyalty marketing and rewards programs, according to Colloquy research on U.S. consumer attitudes and perceptions.
The new properties are located in: Traverse City, Mich. (opened June 23, 2009), Aurora, Colo. (opened June 27, 2009), Noblesville, Ind. (opened July 2, 2009), Maple Grove, Minn. (opened July 9, 2009), and Madison, Wis. (opened July 22, 2009).