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Lodging Hospitality eReport

February 24, 2012

Something Brewing at Extended Stay Hotels
Homewood Suites Slims Down
The Time Has Come for Amenity Dispensers
Virgin Hotels Revs Up Development
New LHTV: ALIS 2012 Roundtable
Other Stories You Don't Want to Miss
Just In to Lodging Hospitality
Upcoming Industry Events

FROM THE EDITORS

Something Brewing at Extended Stay Hotels

By Eric Stoessel

Extended Stay Hotels has flown under the radar as a hotel company the past five years, only making news when the Lightstone Group bought the 683-property company for $8 billion in 2007, and the ensuing aftermath with the not-so-surprising bankruptcy two years later. The price of the hedge fund’s leveraged buyout, even at the peak of the market, caught many industry observers by surprise.

Centerbridge Partners, Paulson & Co. and Blackstone Group (the company that sold Extended Stay to Lightstone in the first place) bought the company at a bankruptcy auction in 2010 for almost $4 billion.

Through it all, veteran Gary DeLapp has led the company as CEO, until news broke yesterday evening that former Starbucks CEO Jim Donald was immediately replacing DeLapp as CEO. Read more.

CHECKING IN

Homewood Suites Slims Down

By Ed Watkins

Upscale extended-stay chain Homewood Suites recently introduced a next-generation prototype that’s smaller and less expensive to build than previous incarnations of the product. The Gen 9 prototype, which is currently being rolled out for new projects, gives developers an opportunity to build Homewoods on slightly smaller or oddly shaped land parcels. Read more.

The Time Has Come for Amenity Dispensers

By Ray Burger, Pineapple Hospitality

One of my favorite authors is Malcolm Gladwell, who among other books wrote The Tipping Point: How Little Things Can Make a Big Difference. As Malcolm adeptly put it, the “tipping point” is that magical moment when an idea, trend or social behavior crosses a threshold, tips, and spreads like wildfire. Another definition of tipping point is “the point at which the buildup of minor incidents reaches a level that causes most to do something they had formerly resisted.” Read more.

Virgin Hotels Revs Up Development

By Paris Wolfe

In September 2010 Virgin Group announced the launch of a four-star, lifestyle hotel company—Virgin Hotels. Its first planned property, the Virgin Hotel Chicago, opens three years later in fall of 2013. Read more.

New LHTV: ALIS 2012 Roundtable

Brand company executives discuss the state of the hotel industry after the Americas Lodging Investment Summit. Click here for the video.

TODAY'S TOP READS

Other Stories You Don't Want to Miss

The Latest Hotel News From Newspapers, Magazines and Websites:

Strategic Hotels’ Share Price Rises on Earnings

Questions Raised Regarding Romney’s Time on Marriott Board

Former L.A. Drug Den Set to be Boutique Hotel

Police Search for Missing Hotel Association Exec

Click here for more Top Reads

HOTEL HAPPENINGS

Just In to Lodging Hospitality

• Best Western International unveils new booking capability allowing travelers to reserve rooms on the company's Facebook page.

• Starwood will open 20 Sheratons this year. Twelve will be in China, including its largest, a 4,000-room property in Macao.

• January was great for U.S. hotels, according to STR. Occupancy went up 4.1% to 49.4%. ADR rose 3.9%, while RevPAR climbed 8.1%. New Orleans led RevPAR with an increase of 32.1%

Follow hotel news as it happens with Lodging Hospitality on Twitter.

ON THE ITINERARY

Upcoming Industry Events

Feb. 26-29
La Quinta Conference
Hilton New Orleans Riverside
www.lq.com/lq

Feb. 27
HSMAI Adrian Awards Gala
Marriott Marquis, New York
www.adrianawards.com

Feb. 27-29
6th Annual HR in Hospitality Conference & Expo
Hyatt Regency San Francisco
www.HRinHospitality.com

Feb. 28
HSMAI Digital Marketing Strategy Conference
Marriott Marquis, New York
www.hsmai.com

March 3-6
Council on Hotel and Restaurant Training (CHART)
Semi-Annual Hospitality Training Conference
Renaissance Austin (TX)
www.chart.org

March 4-5
Ocean City Hotel-Motel-Restaurant Association Spring Trade Expo
Ocean City (MD) Convention Center
www.oceancitytradeexpo.com

March 5-6
Hotel Association of Canada Conference
Sheraton Centre Toronto
www.hotelassociation.ca

March 6-9
Digital Signage Expo
Las Vegas Convention Center
www.digitalsignageexpo.net

Click here to see the schedule for 2012.

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Read and comment on the latest topics with our industry experts Ed Watkins and Eric Stoessel. Get live updates from important industry shows and events as our editors post straight from the show floor. Join the conversation today!


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Buyers Guide Directory

Find information on amenities, front desk technology and a lot more in the ultimate resource from Lodging Hospitality. The Buyers Guide allows you to find products and services to build, equip and renovate hotels, motels and resorts. Search for information in six categories (Development, Technology, Design, Services, FF&E and Green).
                              
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