property type: Hotel & Resort

October 9, 2001BETHESDA, Md. – LaSalle Hotel Properties' (NYSE:LHO) revenue per available room has declined 16.8 percent for the third quarter. The REIT's average daily rate of $150.28 represented a 3.3 percent decrease over the prior period, while occupancy declined ...

October 5, 2001 KISSIMMEE, Fla. – Gaylord Entertainment Co. (NYSE:GET) has secured a loan of up to $210 million to finance the completion of its resort and convention center that sits about one mile from Walt Disney World Resort.Deutsche Banc ...

October 4, 2001 IRVING, Texas – FelCor Lodging Trust (NYSE:FCH) expects a third quarter 2001 revenue per available room decline of about 17 percent, compared to the same period in 2000.The decline is primarily due to the sharp occupancy drop ...

Panelists at a luncheon at Manhattan's Yale Club say the Manhattan hotel market, which has suffered in recent weeks nearly as much as it had during the Great Depression, could be headed for better times.

October 4, 2001 CNL Hospitality Corp. has made an equity investment in four hotels owned by Hilton Hotels Corp. (NYSE:HLT). The partnership in the four hotels is valued at $235 million and includes renovations. Morgan Stanley is providing debt financing ...

October 4, 2001 SAVANNAH, Ga. – Jones Lang LaSalle Hotels has arranged to sell the fifth hotel in a six-hotel portfolio it has been marketing for affiliates of UBS Warburg LLC.A local company, HLC Hotels Inc., bought the Marshall House, ...

October 3, 2001 GERMANTOWN, Tenn. – Equity Inns Inc. (NYSE:ENN) does not expect to reach analysts' earnings estimates for the third and fourth quarters of 2001, due to the effects of the terrorist attacks on the travel industry. Analysts estimated ...

October 3, 2001 MEMPHIS, Tenn. – RFS Hotel Investors Inc.'s (NYSE:RFS) third and fourth quarter 2001 earnings are expected to decrease due in large part to the terrorist attacks of Sept. 11.At the end of the third quarter, the REIT's ...

October 2, 2001 PALM BEACH, Fla. – Innkeepers USA Trust's (NYSE:KPA) revenue per available room and funds from operations per share results for the third and fourth quarter will be lower than expected, due to the terrorist attacks of Sept. ...

October 2, 2001LOS ANGELES – WestCoast Hospitality Corp. (NYSE:WEH) has secured $62.9 million in permanent, fixed-rate financing for a portfolio of four hotels in Montana and Washington.Sonnenblick-Eichner arranged the 10-year financing, which bears about an 8 percent interest rate and ...