TITLE

Hotel sale prices plummet as recession batters market

AUTHOR(S)
Duggan, Daniel
PUB. DATE
August 2010
SOURCE
Crain's Detroit Business;8/30/2010, Vol. 26 Issue 36, p21
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the effects of recession on hotels in Detroit, Michigan which is manifested in their very low sale prices, occupancy and revenues per available room.
ACCESSION #
53755188

 

Related Articles

  • DOWN AND OUT.  // Hotelier;Jun2010, Vol. 22 Issue 4, p4 

    The article focuses on the "2010 Canadian Hotel Investment Report" from Colliers International Hotels which describes the negative impact of the global recession and the credit market crisis on the hotel investment sector.

  • Belfast Or BUST? Wynne-Jones, Stephen // Hospitality Ireland;Aug/Sep2009, Issue 61, p20 

    The article discusses how the hotel industry in Belfast, Northern Ireland is addressing the challenges brought by the economic recession. It notes that Fitzwilliam Hotel's personalized service is an incentive to attract customers and The Merchant's expansion program. Belfast's revenue per...

  • A 10-year assessment of condo-hotel values. Niermann, Jonas // Hotel & Motel Management;6/1/2010, Vol. 225 Issue 6, p8 

    The author comments on the impact of economic crisis on condominiums and hotels in the U.S.

  • Recession hits Continental room rates harder than UK.  // Caterer & Hotelkeeper;1/15/2010, Vol. 200 Issue 4610, p7 

    The article reports on the impact of the global recession on hotel room rates in Europe in January 2010 and 2009.

  • 'Like a business militia' Duggan, Daniel // Crain's Detroit Business;6/8/2009, Vol. 25 Issue 23, p11 

    The article reports that hotel executives in the Detroit, Michigan area have been forming hotel committees and associations in Southeast Michigan communities to counter the ongoing global recession. The city of Detroit formed such a committee six months ago, while Sterling Heights will hold its...

  • 700 new rooms this year add to the woes of Tucson's hotel industry. Pangburn, Joe // Inside Tucson Business;6/22/2009, Vol. 19 Issue 3, p4 

    The article reports on the condition of business operations of the hotel industry in Tucson, Arizona. It mentions the doubling of $1 nightly surcharge, along with the 8.1% sales tax for the visitors who preferred overnight stays in the city. However, the city government has implemented bed tax...

  • Consulting Firm Says Istanbul Hotels Weathered Crisis Better.  // Journal of Turkish Weekly;8/16/2010, p10 

    Brief statistics are given which show that hotels in Istanbul, Turkey were more resilient to the global financial crisis of 2008-2009 than hotels in Europe.

  • Green shoots in the desert. Allen, Lisa // BRW;5/13/2010, Vol. 32 Issue 18, p38 

    The article discusses recovery in the travel and tourism business in Dubai, United Arab Emirates after being affected by the global financial crisis. Improvement in hotel occupancy rates has been reported by hoteliers and real estate agents have observed price increases in residential apartment...

  • Luxury Hotels Are Likely To Be The First To Reverse Room-rate Slide.  // AirGuide Online.com;3/22/2010, p2 

    The article reports on the impact of the economic downturn which affect luxury hotels with high rates to meet high-end amenities including butler service and poolside cabanas.

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics