Most franchised select service and full-service hotels require on-site restaurants to comply with franchise requirements. However, most hotel owner/operators consider running a hotel restaurant a necessary evil, and most hotel restaurants do not make money. In addition, hotel guests do not care to … [Read more...] about 6.1.17: Hotels Seek Chain Restaurant Owners/Operators as Partners
6.15.16: Owners Scramble to Fill Big Box Retail Spaces
With the recent bankruptcy of Sports Authority and prior bankruptcies of Circuit City, CompUSA, Borders, and Linens and Things, all of which occupied stores generally 20,000-30,000 square feet, property owners are scrambling to re-lease these spaces to a smaller universe of prospects. Potential … [Read more...] about 6.15.16: Owners Scramble to Fill Big Box Retail Spaces
9.9.15: ValueXpress to Co-Sponsor the 10th Annual San Antonio Hotel Owners Association Charity Golf Tournament at Hyatt Hill Country Resort
On Wednesday, October 28, ValueXpress will be co-sponsoring the 10th Annual San Antonio Hotel Owners Association (SAHOA) Golf Tournament at the Hyatt Hill Country Golf Club in San Antonio, Texas. About 100 golfers are expected to hit the links to play in a scramble competition, following … [Read more...] about 9.9.15: ValueXpress to Co-Sponsor the 10th Annual San Antonio Hotel Owners Association Charity Golf Tournament at Hyatt Hill Country Resort
6.18.11: AAHOA Report: Debt Available for Hotel Owners
Hotel owners who attended the recent Asian-American Hotel Owners (AAHOA) Convention and Trade Show in Las Vegas, NV were encouraged by the improvement noted in room sales in late 2010 and 2011 to date after poor business conditions resulted in revenue declines of at least 10%-30% during the … [Read more...] about 6.18.11: AAHOA Report: Debt Available for Hotel Owners
8.13.10: Business Owners Struggle as Lending Bill Stalls*
Rich Balka is hungry for capital. The Trenton, NJ entrepreneur whose company makes specialty rubber products, says he needs the money to buy raw materials, pay his workers and weather the last stretch of the recession. Balka’s sales fell 30% last year, forcing him to lay off one-third of his staff … [Read more...] about 8.13.10: Business Owners Struggle as Lending Bill Stalls*