The economy is dying on the vine while $4 gasoline and rising unemployment have consumers putting purchases of everything from cars to houses on hold. Hotel chains, fearful of faltering occupancies as vacationers decide that backyard barbecues are...

With so much bad economic news dampening lodging demand, it's easy to understand why a hotel owner, operator or lender might want to go straight to his room, hop in bed, and pull the covers over his head. Their outwardly cheery disposition belied...

As hotel owners and investors continue to fight a slowing economy and the declining availability of credit, the lodging industry faces a number of challenges that it hasn’t seen since the months following 9/11. Diminished access to credit for...

Strategic Hotels and Resorts Inc. has sold the Hyatt Regency Phoenix for $96 million. The buyer is a joint venture of PCCP LLC, an integrated real estate finance and investment management firm, and Los Angeles-based DiNapoli Capital Partners...

CHICAGO – The current slump in the U.S. lodging industry is going to last longer and cut deeper than the 1991 and 2002 recessions, predicts PKF Hospitality Research. At the root of the decline will be a double dip in demand, or a slowdown on top...

Summertime in Las Vegas might be more scorching this year than usual due to the heat from a growing number of condo hotel lawsuits. A group of 40 investors who bought condo-hotel units — privately owned homes inside hotels that revert to hotel...

Although the Midwest continues to be hammered by the economic slowdown and heavy losses in manufacturing jobs, there may still be reason for optimism in the hotel sector. With gas prices escalating, many travelers are choosing to vacation at local...

Once the place for the world’s great investors to park their money, the United States is no longer the kingpin for generating business opportunities and has lost respect around the globe, says famed real estate developer Donald Trump, who is...

NEW YORK — Hotel values are dropping even as net income in the industry rises. The value per hotel room in the United States fell from $95,000 in 2007 to $91,000 in 2008, according to Stephen Rushmore, president and founder of Mineola, N.Y.-based...

NEW YORK — The economy and gas prices are affecting hotel demand. For every 10% increase in gas prices, there is a correlating 0.5% decline in hotel demand, says Bjorn Hanson, a hospitality and leisure researcher for PricewaterhouseCoopers...