Hotel & Motel Management - July 21, 2008 - (Page 1)

NEWS LARKSPUR HOTELS HITS THE MARKET Page 4 TECHNOLOGY TELEPHONES TAKE A BEATING Page 24 www.HotelMotel.com News Analysis, Trends and People Since 1875 A HotelWorld Network Publication | Vol. 223, No. 13 | July 21, 2008 Condo-hotels sink Soft housing market drives fallout By Christine Blank CONTRIBUTING EDITOR National Report–While some developers still are planning condo-hotel projects, many recently built projects are struggling to stay aﬂoat and are defending lawsuits by owners. See Condo-hotels | page 39 Lodging Industry Investment Council members [from left] Abid Gilani, Mike Cahill and Jim Butler discuss the state of the lodging industry. The three were part of a private forum moderated by HOTEL & MOTEL MANAGEMENT. LIIC focuses on demand, liquidity By Jason Q. Freed SENIOR EDITOR North America key market for Accor By Stephanie Ricca EDITOR IN CHIEF New York–While Accor has 12 brands operating around the world in most segments, North American customers know the most about the company’s budget side, Motel 6, and its luxury offering, Sofitel. That’s no mistake, according Poirot to Accor NA c.e.o. Olivier Poirot. ACCOR NA Karaoglanian ACCOR In addition to those two target brands, the North American market will see the Pullman Hotels and Resorts flag too in the short term, if the company’s development strategies go as planned. “Most of our focus has been on working on Motel 6,” Poirot said during an interview at the New York University International Hospitality Industry Investment Conference in June. This has been the group’s strategy in particular over the last 10 months since it sold Red Roof Inn last September for $1.3 billion to a consortium comprised of Citi’s Global Special Situations Group and Westbridge Hospitality Fund LP. See Accor | page 38 New York–At a typical Lodging Industry Investment Council roundtable meeting, topics vary across the board, from labor issues to ﬁnancing to brand stability. At the most recent meeting in early June, held in conjunction with the New York University International Hospitality Industry Investment Conference, two topics stole the stage and dominated the conversation: industry demand and the lack of liquidity in the market. On the demand side, Mike Cahill, president of Hospitality Real Estate Counselors, summed it up best when he noted vastly differing forecasts in revenue-per-available-room growth for the remainder of 2008. “I think the interesting part about it is … Deutsche Bank downgraded RevPAR growth to See LIIC | page 38 INFO CONCIERGE An American Hotel & Lodging Assn. study on rising hotel room taxes 1. 2008 room taxes average 12.6 percent 2. The average nationwide room rate in 2008 is $94.69 3. Room taxes average about $12.39 per night nationwide Source: AH&LA’s 2008 Room Taxes and the Economic Impact on the Industry study H&MM | JASON Q. FREED http://www.HotelMotel.com

Table of Contents Feed for the Digital Edition of Hotel & Motel Management - July 21, 2008

Contents Larkspur Hotels Branch Out with New Brand Starwood’s C.E.O. Maps Out Journey New Brand Leaders Share Hits, Misses Perspective Letters to the Editor Legal FAQ Training Trends Sales Clinic HotelWorld Update Trends & Stats Special Report: 2008 Construction Companies Survey Guest Column Events Technology: Telephones Hotel Operations: Building Exterior Design: Televisions Transactions Awards Hot Products: Mattresses Supplier News Ad/Edit Index Marketplace Classifieds Checking Out Hotel & Motel Management - July 21, 2008

Hotel & Motel Management - July 21, 2008

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