Hotel Financials News

Accor reports strong first-half figures

Accor reports strong first-half figures

27th Aug 2010 Hotel News

Accor has reported higher-than-expected first-half operating profits and raised its 2010 guidance, led by a resurgent business travel sector. The improvement was driven by higher occupancy and rates across the group’s Sofitel, Pullman and Novotel brands.

Huge Hotel Auctions Scheduled for April and May

Huge Hotel Auctions Scheduled for April and May

24th Mar 2010 Press Release Hotel News

National Commercial Auctioneers, LLC, [www.natcomauctions.com] announces the sale of more hotels at auction over the next two months than any other auctioneer in the country, according to Stephen Karbelk, CAI, AARE, President of National Commercial Auctioneers.

Wyndham Worldwide Completes $300 Million Term Securitization

Wyndham Worldwide Completes $300 Million Term Securitization

22nd Mar 2010 Press Release Hotel News

Wyndham Worldwide Corporation today announced that it has completed a term securitization transaction involving the issuance of $300 million of investment-grade asset-backed notes. Sierra Timeshare 2010-1 Receivables Funding LLC issued $300 million of A rated vacation ownership loan backed notes, which have an advance rate of 72.25% and a coupon of 4.48%.

Hotels in Asia Pacific Lead Global Occupancy Recovery

Hotels in Asia Pacific Lead Global Occupancy Recovery

1st Mar 2010 Press Release Hotel News

According to data compiled by STR Global, hotels in the Asia Pacific region experienced increases in all three key performance metrics for January 2010 when reported in U.S. dollar. In year-on-year measurements, the Asia Pacific region’s OR rose 13.9% to 61%, ADR increased 5.6% to US$130.75, and RevPAR jumped 20.3% to US$79.81.