ShareFor the first time, Lodging Econometrics (LE) has compiled and announced its forecast for New Hotel Openings for 2011. New hotel openings are projected at 759 hotels/74,493 rooms. LE has also adjusted its forecasts for 2009 and 2010. The 2009 forecast has been reduced to 1,425 new hotels/156,653 rooms, down by 5,036 rooms, a decrease [...]

ShareInterstate Hotels & Resorts has successfully appealed a NYSE ruling in March under which Interstate’s stock was suspended from trading for failing to meet the minimum $15 million market capitalization requirement. The NYSE has now determined that Interstate’s stock will resume trading on Wednesday, July 29 under its previous symbol IHR.
via Interstate Hotels Successfully Appeals [...]

ShareMINNEAPOLIS, MINN.  (July 28, 2009) – Carlson, the parent company of Carlson Hotels Worldwide, today announced that Hubert Joly, Carlson President and Chief Executive Officer, will now also personally lead Carlson’s hotel business, supported by a global hotel management team.
via Joly To Head Carlson Hotel Business, Too – 7/28/2009 9:42:00 AM – Hotels.
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