Editor's NoteHospitality is about the business, of course, of providing hospitality. But more often than not, it's just as much about the tricky business of real estate — when to own it, when to manage it. It's a constant whirling cycle for hotel executives looking to seize opportunity, and avoid flops. These strategies have even created their own vocabulary. Asset-light, for example. Ugh.
The two stories below by Senior Hospitality Editor Deanna Ting and Europe Editor Patrick Whyte underscore this hospitality phenomenon. Hyatt said Thursday it is continuing to pursue property sales worth $1.5 billion, while a Starwood Capital sale of properties created new management opportunities for IHG. It's not the sexiest part of hospitality, but sometimes knowing when to throw up the For Sale sign can be as important as knowing when to change the towels. — Tom Lowry, Managing Editor |
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