Hotel Management August 2012 : Cover

■ ➔ IN THE PIPELINE .. pulse 63,952 rooms 96,798 rooms 170,379 rooms 331,129 ROOMS Pipeline by project stage in the U.S. for Q1 2012 The Leading Hospitality News Authority Since 1875 Vol. 227, No. 10 | August 2012 A Questex Hospitality Group Publication Under construction: Start next 12 months: Early planning: TOTAL PIPELINE: Source: Lodging Econometrics SEE PAGE 17 FOR MORE TRENDS & STATS TRANSACTIONS MARKET Management contracts under the microscope By David Eisen MANAGING EDITOR The owners of the former Fairmont Turnberry Isle in Miami decided to remove Fairmont as the operator, but had to pay a $19-million breakup fee to do so. TURNBERRY ISLE MIAMI N ATIONAL R EPORT – In 1949, Hilton Hotels opened its rst ho-tel outside the continental United States, the Caribe Hilton Hotel, in San Juan, Puerto Rico. Ex-panding the Hilton brand out-side the U.S. was not the only sig-ni cance of the deal: the Caribe Hilton marked a new operating method for hotels, the operating lease. Conrad Hilton, the founder of the Hilton Hotel chain, proposed See Agreements | page 128 HEALTHCARE LAW HITEC 2012 Hotel Management was on the scene at the hospitality industry’s biggest technology show of the year, scoping out the new products and covering trends in mobile, data protection, cloud computing and more. Check out our special report starting on page 106. ◾ Obamacare: What it means for hotels By Gina LaVecchia Ragone CONTRIBUTING EDITOR Short of a repeal of the law, employers should begin planning strategies to comply N ATIONAL R EPORT – While most hospitality employers are hoping that November’s general election will ultimately lead to a repeal or scaling back of Supreme Court-approved Obamacare, formally known as the Patient Protection and A ordable Care Act, it is prudent for compa-nies large and small to begin to prepare for the complex (and, for most businesses, costly) changes ahead. e employer mandate portion of the law breaks down like this: Busi-nesses with less than 50 employees need not o er coverage, though some See Health care | page 130 ONE – on – ONE ANDREW SHEIVACHMAN The risks of big data BJORN HANSON NYU Tisch Center’s Page 106 System integration and cloud-based services ◾ The hotel industry’s go-to voice for insight turns his attention toward academia | See page 18 Page 108 ■ ➔ TRENDS & STATS. inside this issue SPECIAL REPORT. TECHNOLOGY. Guest apps get personal Hotels turn to friend tips and location-based technology to drive engagement. PAGE 112 Pipeline numbers increasing An improving job market and stock market have lenders releasing more funding to developers. PAGE 17 Top Construction Companies A look at the top construction companies working in hotel development. PAGE 23

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