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Hotels report spike in tourismHotels are reaping the benefits from an influx of foreign tourists in the first half of the year. Following the elimination of visa requirements for Russian tourists, 400,000 Russians now visit Israel annually, second only to the 600,000 visitors from the United States.
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HEI Hotels & Resorts Sells Two Philadelphia Hotels to LaSalle Hotel PropertiesHEI Hotels & Resorts (HEI), the nation’s fastest growing private owner/operator of hotel real estate, today announced that it has sold two of its Philadelphia hotels, the 294-room Westin Philadelphia and the 288-room Embassy Suites Philadelphia-Center City, to LaSalle Hotel Properties (NYSE:LHO), a leading real estate investment trust (REIT), for an undisclosed amount. Under terms of the deal ...
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Ignatieff says Tories are 'fear mongering'As the federal Liberals closed a three-day caucus in Cape Breton preparing itself for the Sept. 20 return to Parliament, party leader Michael Ignatieff accused the Conservative government of fear mongering.
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Host Hotels & Resorts, Inc. Acquires Le Meridien Piccadilly in London for 64 Million pounds SterlingHost Hotels & Resorts, Inc. (NYSE: HST) today announced that it acquired the 266-room Le Meridien Piccadilly in London, England at a purchase price of 64 million pounds, including the assumption of a 33 million pound mortgage. The hotel is located in the prestigious Mayfair district of London, a central location for both business and leisure travelers and offers 12,000 square feet of meeting ......

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