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Recent Reno Hotels News:
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As $17.5 billion in securitized loans backed by U.S. hotels come due in the next two years, lenders are doing more to avoid foreclosure on lodging properties than on any other type of commercial real estate.
Iraq, after eight years of occupation by American troops, is luring U.S. hotel operators and developers betting on growth from business expansion and an eventual pickup in leisure travel to the war-torn region.
BAGHDAD (Reuters) - "Three days after U.S. tanks rolled into Baghdad in April 2003, I had my first encounter with an American marine. I opened my door to find him crouched on the street and holding a pump action shot gun. He wore full combat gear, with knee pads and a heavy pack. I couldn't see his eyes through his black glasses. But he looked nervous. I asked him if there was a problem. "He ...
iBahn, a provider of Internet services to some 3,000 hotels worldwide, denied on Thursday a news report that its network was breached by hackers. Bloomberg wrote that a highly skilled group of hackers based in China, which U.S. investigators have called "Byzantine Foothold," attacked iBahn, citing unnamed sources, including one U.S intelligence official.
"Analyzing the performance of U.S. hotels in 2010 and 2011, we have seen the progression of indicators that one would expect during an industry recovery. Occupancy levels increased in 2010, followed by real average daily rate (ADR) growth in 2011," said R. Mark Woodworth, president of PKF-HR. "The only surprise has been the pace and magnitude of the surge in hotel demand."
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