Category Archives: Hospitality

10 Hot Hotel Openings

Posted on May 9, 2012 by

New hotel construction in the United States has been muted since the economic recession took hold in 2008. But the number of projects in the pipeline is starting to pick up, and there are some outstanding assets either under construction … Continue reading →

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New Designation Created for Senior Asset Managers

Posted on April 30, 2012 by

By Eric Stoessel Hospitality Asset Managers Association Creates CHAM to Establish Standards of Excellence As the hotel industry has grown, so has the need for qualified asset managers. The Hospitality Asset Managers Association (HAMA) was created in 1991 and the … Continue reading →

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Sides debate need for $131M Savannah convention hotel

Posted on April 11, 2012 by

By Carla Caldwell Downtown Savannah’s hotel boom is about to resume and could doom prospects for a $131 million Hilton convention center headquarters hotel on Hutchinson Island, writes Savannah Morning News blogger Adam Van Brimmer. Plans for three new hotels … Continue reading →

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Atlanta getting its first Le Méridien hotel in Dunwoody

Posted on April 9, 2012 by

By Amy Wenk A Dunwoody hotel, for the second time in its history, will premiere a new contemporary brand in Atlanta. The 275-room Atlanta Perimeter Hotel & Suites will be rebranded as a Le Méridien. The Parisian-inspired brand was acquired … Continue reading →

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Inland Finalizes Purchase of 5 Hotels for $393 Million

Posted on April 5, 2012 by

By Laurie Forbes Inland American Lodging Group, a subsidiary of Inland American Real Estate Trust, completed its purchase of five hotels in three separate deals totaling $393.1 million. DiamondRock Hospitality Co. (NYSE: DRH) sold three properties for $262.5 million or … Continue reading →

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Atlanta nets 68,400 jobs since last January

Posted on March 7, 2012 by

Atlanta Business Chronicle by Douglas Sams Anemic job growth has prolonged Atlanta’s commercial real estate recovery, even as other metro areas rebounded. Finally, though, some positive employment numbers are emerging in a newly released report from Wells Fargo Securities LLC … Continue reading →

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Hilton Garden Inn Portfolio Trades for $22M

Posted on March 6, 2012 by

By Jennifer LeClaire ATLANTA—As the hospitality market continues to rebound across the Southeast, two Hilton Garden Inns have traded hands. The two-property hotel portfolio in Birmingham fetched more than $22 million. Marcus & Millichap Real Estate Investment Services arranged the … Continue reading →

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Mandarin to manage The Mansion

Posted on March 6, 2012 by

Atlanta Business Chronicle by Amy Wenk An international luxury hotel chain that’s tried to come to Atlanta for five years has finally struck a deal in Buckhead. Mandarin Oriental Hotel Group has signed a contract to manage The Mansion on … Continue reading →

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Gwinnett stadium promises fall short

Posted on March 5, 2012 by

By David Wickert The Atlanta Journal-Constitution Developers have asked Gwinnett County for permission to scale back a large commercial center at Coolray Field and build more apartments instead, altering a concept county officials used to justify spending $64 million on … Continue reading →

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Dhawan: Georgia economy to grow more slowly

Posted on February 23, 2012 by

By Michael E. Kanell The Atlanta Journal-Constitution After revving up toward the end of last year, Georgia’s economic engine this year will downshift as it hauls the burdens of higher oil prices, the Euro crisis and a still-slumping housing market, … Continue reading →

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