Michael D. Barnello, president and CEO of LaSalle, said two of the company s New York hotels the Rog

Prognosticators from some of the country s most prominent research firms were put to the test during this month s American Hotel Lodging Association s Hospitality Leadership cheap key west hotels Forum as they pulled out their crystal balls and shared new hotel industry forecasts .
Several hotel companies have updated 2012 guidance to account for the superstorm that ravaged the East Coast during late October and early November. LaSalle Hotel Properties issued updated guidance on 9 November and said it was lowering its projected revenue-per-available-room growth; hotel earnings before interest, taxes, depreciation and amortization cheap key west hotels margin; and adjusted cheap key west hotels funds from operations.
LaSalle said it now expects RevPAR growth in the range of 4% to 4.3%, down from the previous outlook of 4.5% to 4.8%. Hotel EBITDA margins are expected to drop from the range of 31.9% to 32.1% from 32.3% to 32.5%; and funds from operations are expected cheap key west hotels between $175.3 million to $176.3 million, down from the previous range of $179.3 million to $180.3 million.
Michael D. Barnello, president and CEO of LaSalle, said two of the company s New York hotels the Roger Williams and Gild Hall closed cheap key west hotels during the storm, which will mean a hit to the real estate investment trust s results cheap key west hotels for the quarter.
It s a way to temper cheap key west hotels expectations because the economic and political environments are still volatile, Loeb said. I think the conservatism is called for, and it s hard to estimate how long the lingering effect of the storm will be around.
International capital is the lifeline for hotel deals in the Caribbean, and with the recession and its aftermath surpassing four years, investors are again looking in the region for opportunities, reports HotelNewsNow.com cheap key west hotels s Jeff Higley from this month s Caribbean Hotel Investment Conference Operations cheap key west hotels Summit at the Atlantis Resort.
Panelists said they are looking for investments in the Caribbean. Investors are coming from economies with 9% to 10% growth and to make a 3% return is not all that attractive to them, said Fausto Barba, VP of finance and development and one of the founders of luxury brand Capella Hotel Group, which has a portfolio of five hotels with four more in the pipeline. It s for diversification, stable currency income and more general cheap key west hotels things. The education process is pretty minimal because the mindful investors already come with a mentality of divestiture.
Pierre cheap key west hotels Charalambides, founding partner of London-based Dolphin Capital Investors, said the publicly cheap key west hotels traded company (London Stock Exchange) helps clients make long-term generational types of investments and sees the Caribbean cheap key west hotels hotel industry as a viable option as long as its performance remains stable.
Formerly a Howard Johnson Express, the Lexington Inn Suites is installing new beds and will replace bedding and carpets in each of the 49 guestrooms and suites. Owners also will add a microwave oven and mini refrigerator cheap key west hotels to every room.
The Hyatt Place San Jose/Pinares has opened as the first Hyatt-branded cheap key west hotels hotel in Costa Rica and the first Hyatt Place hotel outside of the United States. cheap key west hotels The 120-room Hyatt Place San Jose/Pinares is part of Momentum Pinares, a mixed-use commercial complex on the east side of Costa Rica s capital.
With the opening of Hyatt Place San Jose/Pinares, there are now nine Hyatt-branded hotels in Latin America in Argentina, Brazil, Chile, Costa Rica and Mexico. Additionally, 13 previously announced hotels will open across Hyatt s portfolio of brands in Latin America, including:
You are fully responsible for the content you post. The opinions expressed in comments do not necessarily reflect the opinions of Hotel News Now or its parent cheap key west hotels company, STR and its affiliated companies.