A Tucson-based investment firm that owns the Westin La Paloma Resort & Spa and other area hotels is on the verge of defaulting on its loan of more than $209 million, according to Credit Suisse Group AG.
Hawaii hotels facing low occupancy try to bring in local residents with dropped rates and freebies.
(AP:NEW YORK) Shares of Host Hotels & Resorts Inc. declined on Tuesday after the real estate investment trust withdrew its guidance for the remainder of 2008, citing a deteriorating economy and a drop in travel spending.
Shares of Host Hotels & Resorts Inc. declined on Tuesday after the real estate investment trust withdrew its guidance for the remainder of 2008, citing a deteriorating economy and a drop in travel spending.
Host Hotels & Resorts Inc. lowered its fourth-quarter revenue forecast Tuesday sending its stock to the lowest point in the last five and a half years. (HST)
Among the earnings projection stories for Tuesday, Nov. 18, from AP Financial News: ROCHESTER, N.Y. — Specialty glass and ceramics maker Corning Inc. said Tuesday its fourth-quarter financial performance is expected to fall short of its earlier estimates because of slumping demand.
In a move to build upon its achievements and further accelerate growth , Dolce Hotels and Resorts, a meetings-focused hospitality company based here that manages 23 hotels, resorts and meetings centers in the United States, Canada and Europe, has appointed industry veteran Steven A. Rudnitsky as president and chief executive officer, effective Dec. 8. Rudnitsky, who recently stepped down as …
Host Hotels & Resorts Inc. lowered it outlook for fourth-quarter and full-year comparable hotel revenue per available room Tuesday, citing softening economic conditions. The lodging industry has been pressured as consumers continue to tighten spending due to the ongoing housing slowdown, diminishing credit, rising food costs and recession worries. Host Hotels, a lodging real estate investment …
Host Hotels & Resorts Inc. lowered it outlook for fourth-quarter and full-year comparable hotel revenue per available room Tuesday, citing softening economic conditions.
In a move to build upon its achievements and further accelerate growth , Dolce Hotels and Resorts, a meetings-focused hospitality company based here that manages 23 hotels, resorts and meetings centers in the United States, Canada and Europe, has appointed industry veteran Steven A.
