Host Hotels & Resorts, Inc. announced that as a result of the worsening economy, which is significantly slowing travel and negatively impacting the Company’s operations, the Company is revising its fourth quarter and full year 2008 comparable hotel RevPAR guidance, and withdrawing its remaining 2008 guidance, that was included in its third quarter earnings [...]

CBRE Realty Finance, Inc. announced that on October 22, 2008 the Company was notified by the NYSE Regulation that the Company is not in compliance with the New York Stock Exchange, Inc. listing standard requiring a listed common stock to maintain a minimum average closing price of $1.00 per share for 30 consecutive trading [...]

Host Hotels & Resorts Inc on Wednesday reported its second-quarter result but reduced its guidance for the rest of the year to reflect increasing weakness in its transient and group business. Host Hotels shares jumped 92 cents, or 8 percent, to close at $12.52 on a day that the broader market got a boost from [...]

Sunstone Hotel Investors, Inc schedules to release its financial results for the second quarter 2008 after the close of market on Tuesday, August 5, 2008. The Company will hold a conference call following the release of its financial results on Tuesday, August 5, 2008 at 5:00 p.m. EDT (2:00 p.m. PDT) to discuss its second [...]

Sunstone Hotel Investors, Inc. is a lodging real estate investment trust (”REIT”) that, as of the date hereof, has interests in 45 hotels comprised of 15,354 rooms primarily in the upper-upscale segment operated under nationally recognized brands, such as Marriott, Hilton, Hyatt, Fairmont and Starwood.
Sunstone Hotel Investors, Inc told the press that it will release [...]

Sunstone Hotel Investors, Inc. announced the preliminary results of its previously announced modified “Dutch Auction” tender offer (the “Offer”), which expired at 12:00 midnight, New York City time, on June 27, 2008.
In accordance with the terms and conditions of the Offer and based on the preliminary count by American Stock Transfer & Trust Company, the [...]

Ashford Hospitality Trust, Inc. announced that it will provide an online audio simulcast of its presentation to the investment community at the Oppenheimer 8th Annual Consumer Growth Conference in Boston, July 8-10, 2008. The Company’s presentation will take place on Thursday, July 10, 2008, at 4:10 p.m. ET.
The live audio broadcast of Ashford Hospitality Trust’s [...]

MHI Hospitality Corporation announced that the Company has completed the acquisition of the 172-room former Radisson Hotel in Hampton, Virginia for approximately $7.75 million, or $45,000 per room. The Company has also entered into a 10-year franchise agreement with InterContinental Hotels Group (IHG) [(LON: IHG) (NYSE: IHG - News; ADRs)] through its franchising entity, Holiday [...]

Hotel buyouts are proving a bonanza for mutual funds which snapped up Hilton, Marriott and other hotel stocks after the September 11, 2001, attacks.
Private-equity firm Blackstone Group’s (BX.N) $20 billion bid for Hilton Hotels Corp. (HLT.N) on Tuesday sparked a 27 percent rise in shares of the second-biggest U.S. hotel chain over Thursday and Friday, [...]

The national and the local apartment vacancy rates, far apart in recent years, are much closer now.
Reis, Inc. (AMEX: WRP) a New York-based research firm, said the nation’s average apartment vacancy was 5.8 percent as of the end of the second quarter, down from 6 percent during the first three months of 2007 –reportedly the [...]

Park City-based American Skiing Co. has sold its last resorts outside of Utah - Sunday River and Sugarloaf/USA in Maine - to Boyne USA, Inc. for $77 million.
The debt-strapped company, whose lone remaining resort is The Canyons outside of Park City, now has raised $499 million since the beginning of [...]

Vector Hospitality, the hotel real estate investment trust (REIT), has had to cut its flotation price and delay the launch by 24 hours to get its £2 billion London listing off the ground.
The cut comes after pressure from institutions who voiced concerns over potential conflicts of interest in the role of director Richard Balfour-Lynn and [...]