Hotel Management July 2012 : Cover

■ ➔ AVERAGE DAILY RATE . pulse U.S. hotel markets with greatest change in ADR forecast change 2011 to 2012 The Leading Hospitality News Authority Since 1875 Vol. 227, No. 9 | July 2012 A Questex Hospitality Group Publication ➊ San Francisco | 10.2 percent ➋ Miami | 9.4 percent ➌ New Orleans | 8.6 percent ➍ Oahu | 8.2 percent Source: PKF Hospitality Research SEE PAGE 16 FOR MORE TRENDS & STATS NYU Hotel industry strong at six-month checkup By HM Staff N EW Y ORK –Big-picture issues—like continued eco-nomic unrest in Europe, a pending presidential elec-tion here at home and still-troubling employment statistics—continue to vex hoteliers who are bank-ing on a strong, sustained recovery during a period of low hotel supply. But in breakout sessions, one-SEE RELATED on-one interviews and even in STORIES: ◾ Hotel debt is the elevators at the 34th annual available, but New York University Inter-patience needed national Hospitality Industry Page 6 Investment Conference at the ◾ Transactions New York Marriott Marquis in landscape June, hotel developers and brand changing Page 43 See NYU conference | page 42 © NYU-SCPS TISCH CENTER/DEBRA ROTHENBERG Marriott International President and CEO Arne Sorenson used the NYU conference stage to share some details on Marriott’s acquisition of the Gaylord Hotels brand. INSIDE THE DEAL Marriott, Gaylord deal may be a harbinger for future consolidation By David Eisen MANAGING EDITOR GAYLORD The Gaylord National, just outside Washington, D.C., has 2,000 guestrooms and 470,000 square feet of meeting space, exhibition space, pre-function space and convention space. N ATIONAL R EPORT – Though Marriott International’s acquisi-tion of the Gaylord Hotels brand for $210 million was not a shock to the hotel system—Gaylord Entertainment Company had re-portedly for months been look-ing at a value-creating tie-up— it could be a sign of deals to come as branded hotel operators look to strengthen their existing busi-See Marriott, Gaylord | page 46 NANCY JOHNSON ONE – on – ONE Carlson Rezidor Hotel Group’s From development to democracy, Johnson is passionate about the hotel industry | See page 18 ■ ➔ TRENDS & STATS. inside this issue SPECIAL REPORT. TECHNOLOGY. Telephone trends Guestroom phones evolve with the mobile age. PAGE 32 Major market numbers strong Which markets are leading ADR, occupancy and RevPAR forecasts?. PAGE 16 Top Purchasing Companies Information on the industry’s top procurement rms. PAGE 24 JOE TRELEVEN

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