Current Issue
US hotel deals: 15 February 2012
By The Barometer editorial staff  |Included in this list of recent U.S. hotel transactions:
• Marriott International acquired the MetLife Clock Tower building in New York and plans to develop it into an Edition-branded hotel.
• Chesapeake Lodging Trust acquired the 185-room Hyatt Place New York Midtown South for US$76.5 million.
• The 154-room Hotel Palomar Arlington in Virginia was acquired by HEI Hospitality LLC for US$45 million.
• More.

Active hotel lenders: 22 February 2012
By The Barometer editorial staff  |In this week’s list of active hotel lenders:
• Wells Fargo lends US$150 million to Access Point Financial
• A first mortgage loan from Mesa West Capital refinances the 802-room Hyatt Regency San Francisco
• Clopton Capital is entering the hotel-lending scene

US hotel conversions: 14 February 2012
By The Barometer editorial staff  |Included in this list of recent U.S. hotel conversions:
• The Trump Organization intends to convert the Old Post Office Building in Washington, D.C. into the 250-plus-room Trump International Hotel, The Old Post Office, Washington, D.C.
• The 774-room Helmsley in New York, which is going through a US$65-million renovation, is being converted into the Westin New York at Times Square.
• The 520-room Marriott Renaissance in Phoenix was formerly the Wyndham Phoenix.
• More.

Recent management contracts: 14 February 2012
By The Barometer editorial staff  |Included in this list of recently announced management contracts:
• Davidson Hotels & Resorts is managing the 335-room Hyatt North Houston.
• The Hilton Garden Inn San Francisco Airport North is White Lodging Services Corporation’s first management contract in California.
• The 144-room Iowa Best Western is now the Magnuson Hotel Des Moines in Iowa and is managed by Magnuson Hotels.
• More.
Investors eager to hit hot Miami hotel market
By Patrick Mayock, News Editor-International  |The shores of South Beach have played host to a number of high-profile hotel headlines in January, which come on the heels of an active 2011 for hotel investment.

Experts talk deal returns, lending
By Shawn A. Turner, Finance Editor  |Panelists during last week’s Hospitality Law Conference said debt (albeit at tight underwriting) is available in the industry, and during 2012 hotel transactions will climb.

2012 'slightly bearish' for hotel financing
By Shawn A. Turner, Finance Editor  |The demand for capital this year could outstrip the supply, Starwood Property Trust’s chief originations officer and managing director said during an interview with the Hotel Investment Barometer during last month’s ALIS conference.

Investors get creative to fund deals
By Patrick Mayock, News Editor-International  |Developers and investors are facing “unusual circumstances” to get financing for new hotel construction.

Deal will initiate Supertel debt pay down
By Shawn A. Turner, Finance Editor  |Supertel Hospitality will pay down approximately US$9 million in short-term debt after a US$30-million investment by an Argentinean real-estate company was approved by Supertel’s shareholders.

Hotels for sale
Included in this list of hotels for sale: a Fairfield Inn and Comfort Inn in Springfield, Illinois.
  • Mark Laport, Concord: Lenders are cutting interest rates, but they are now more strict on personal recourse. #hotelnews
  • US hotel conversions: 14 February 2012 http://t.co/sVxWezIE #hotelnews
  • Active hotel lenders: 14 February 2012 http://t.co/xO1Pnsnq #hotelnews
  • US hotel deals: 14 February 2012 http://t.co/4SEf5WPE #hotelnews
  • Investors eager to hit hot Miami hotel market http://t.co/UgJvIRuQ #hotelnews
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    Data Dashboard
    10-yr Treasury
    13 February 2012
    source: U.S. Treasury
    -45.3 %
    LTV
    Linked quarter (Q2 2011 to Q3 2011)
    source: Hotel Investors Gauge
    3.0 %
    Hotel Stock Index
    January 2012
    source: R.W. Baird/STR Hotel Stock
    13.0 %
    Unemployment
    January 2012
    source: U.S. Department of Labor
    -8.8 %
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    Lists
    Active hotel lenders: 24 January 2012
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    Deal Spotlights
    Where are they now: Washington, D.C.
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    The Hotel Investment Barometer’s Data Dashboard compiles in one spot all of the crucial data hotel real-estate pros need to know, including interest rates; average loan-to-volume; transaction volume and price per key; and much more.

    		  
    Hotels for Sale

    The Hotel Investment Barometer provides lists of hotel properties for sale globally, and contact information for the sellers or listing brokers. Please contact Jeff Higley at jeff@hotelnewsnow.com for more details.