Tuesday, April 21, 2015

Where To Stay Tonight

You can't stay at the Roxbury, so....

"What’s in a hotel name? Guests try to decipher the mystery" by Scott Mayerowitz Associated Press  April 13, 2015

NEW YORK — Today’s traveler faces a bewildering choice of hotel brands with similar but confusing names. Want to stay at a Hyatt? There’s Hyatt Regency, Park Hyatt, Grand Hyatt, Hyatt House, Hyatt Place, and soon, Hyatt Centric.

Vacationers once relied on name brands to signal the kind of experience they could expect. Familiarity bred a sense of comfort. No longer. The world’s 10 largest hotel chains now offer a combined 113 brands at various prices, 31 of which did not exist a decade ago.

Thanks to high occupancy levels and cheap interest rates, developers are scrambling to build. And hotels are trying to lure a new generation of travelers in search of unique and hip places. These so-called lifestyle hotels are the hot new area for growth, designed to attract 18- to 34-year-olds.

What makes them think debt-en$laved kids are going to be able to afford that, or is this article only for the top 10%? And they better be union!

‘‘The big hotel chains are in the business of pretending they aren’t big chains. They want you to think they are boutiques,’’ said Pauline Frommer, editorial director for Frommer’s, the guide company.

In the past year, Marriott International launched Moxy, Hilton Worldwide created Canopy, Best Western International came up with Vib, and InterContinental Hotels (parent of Holiday Inn) purchased Kimpton, adding its boutique hotels to the chain.

It’s a good time to own a hotel. US hotels sell 65 percent of room nights, up from 55 percent five years ago, according to STR Inc. Guests also pay more: $115.72 on average a night, up from $97.31. That’s why there are 128,874 hotel rooms under construction, up 32 percent from last year.

That $ays no vacancy to me.

The last time the industry saw this many new brands introduced was in 2006 and 2007, said Adam Weissenberg at Deloitte & Touche.


Think I will just flop down down here for the night:

"The semi-detached house at 1 Blomfield Road in Liverpool is a modest three-bedroom with a stucco exterior, wood-paneled walls, and red shag carpeting. Typically, such details make a house feel outdated. But Tuesday’s sale was far from typical: The property, home to John Lennon’s mother until her death in 1958, sold at auction for $229,000, or $59,000 more than what comparable homes list for in the area. The buyer was a London woman, Jackie Holmes, who bought George Harrison’s childhood home last year for $231,000. Over the past 18 months, anonymous buyers have paid $229,000 for one of Paul McCartney’s childhood homes and $712,000 for the house Lennon lived in until he was 5. The prices represent markups ranging from 100 to 200 percent."

No Paulson's place, but I suppose it will do. Might be missing a suit, though.