Hotel Management December 2011 : Page 1

■ ➔ pulse 24% I get an unlimited renovations budget YOU SAID.. What are your top 2012 wishes for the hotel industry? The Leading Hospitality News Authority Since 1875 Vol. 226, No. 15 | December 2011 A Questex Hospitality Group Publication Financing will loosen up 26% 16% I can successfully raise ADR Source: poll SEE PAGE 70 FOR MORE TRENDS & STATS Guiding you through 2012 ■ ➔ YEAR IN REVIEW. ADVISOR PURCHASING. MANAGEMENT. Angst over uncertain market Though 2011 was a year of recovery for hotels, third-party managers still are not taking anything for granted. PAGE 54. THE inside this issue Looking back on 2011 Acquisitions aplenty marked the year, as REITs gave way to private equity amid recovery mode. PAGE 6. Companies rosy on future While new-build development will lag in 2012, renovations and PIPs will benefi t purchasers. PAGE 10.

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