Hotel & Motel Management - January 7, 2008 - (Page 1) SPECIAL REPORT EQUITY, MARKET TRENDS ON ALIS SCHEDULE Page 24 NEWS INVESTMENT CONFERENCE SET FOR MARCH Page 68 SPECIAL REPORT TRENDS, CONSUMER CHOICE TOP DESIGN PRIORITIES Page 52 www.HotelMotel.com News Analysis, Trends and People Since 1875 A HotelWorld Network Publication | Vol. 223, No. 1 | January 7, 2008 PWC predicts RevPAR growth will slow in ´08 By Harvey Chipkin CONTRIBUTING EDITOR Capital shift Opportunity knocks for foreign investors By Jason Q. Freed ASSOCIATE EDITOR New York–During the annual PricewaterhouseCoopers Lodging Industry Briefing in December, PWC partner Bjorn Hanson said that while the industry has enjoyed strong performance in recent years, “it has been the relatively low rate of supply growth that has propelled the boom and masked the fact that demand growth has been disappointing.” Hanson He said “de- PWC See Forecast | page 70 National Report–On the heels of 2007’s lending shakeup, and approaching a predicted downturn in the lodging industry cycle, brokers and brand development leaders are looking to an outside source to prevent a clog in the supply pipeline. Outside meaning across the Atlantic. “There is still opportunity for European money coming to the U.S. and making investments,” said Joel Hiser, president and c.e.o. of Horwath Hospitality and Leisure LLC. “With a weak dollar, that currency differential is making property in the U.S. look like a real bargain.” ALIS SPECIAL REPORT: REIT acquisition pace will slow in 2008 Page 24 Efficiency, market identification lead development talks Page 24 Equity market retains strong outlook in ’08 Page 28 Hiser will address the current state of capital markets and improving odds for successful lodging transactions during a panel discussion at The Americas Lodging Investment Summit Jan. 28-30 in Los Angeles. He will be joined by representatives from investment companies and hotel See Capital | page 48 Owners must take long-term look Page 36 Lending tightens, but loans still available Page 40 Mixed use on the menu for resort development Page 44 INFO CONCIERGE The biggest trend in hotel room technology in 2008 1. Flat-panel TVs 46% 2. Integrated, multidevice systems 37% 3. Keycards and door locks 9% 4. Thermostats 8% Source: The American Hotel & Lodging Assn. SmartBrief online poll Gaylord enters conversion game By Patricia Alisau CONTRIBUTING EDITOR See Gaylord strategy | page 74 GAYLORD ENTERTAINMENT CO. Nashville–Call it a new beginning, a new opportunity or both. Whatever the term, Gaylord Entertainment Co. probably will agree with you. Departing from its buildingfrom-the-ground-up approach, Gaylord just purchased the Westin La Cantera Resort in San Antonio, surprising the city as well as industry observers with the $250-million deal. But this is not a one-time transaction, according to one of the company’s top executives. Rath- Gaylord Entertainment Co.’s $250-million purchase of the 500-unit Westin La Cantera Resort in San Antonio, is the company’s first foray into hotel conversions. http://www.HotelMotel.com
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