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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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Starwood Hotels & Resorts quarterly profit fallsFRANKFURT (MarketWatch) -- Starwood Hotels & Resorts Worldwide, Inc. said Thursday its second-quarter net profit fell to 61 cents a share from 74 cents a share in the year-ago period. Net profit, which includes a $36 million after-tax gain in discontinued operations from the sale of two hotels, totalled $114 million compared to $134 million in the same period a year ago. Revenue rose 10.5% to $1 ......

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