Hotels For Sale in NYC - OFF MARKET Hotel Properties For Sale in New York - Hotel Development NYC

From the corporate board rooms to the social networks, NYC hotels are a 'trending' topic. Everyone is abuzz about the New York City hotel industry because it is a dynamic market that appeals to today's investors. Savvy buyers recognize the trends in the city's hotel market.

Upwards Trends at least till the End of 2014

From the corporate board rooms to the social networks, NYC hotels are a 'trending' topic. Everyone is abuzz about the New York City hotel industry because it is a dynamic market that appeals to today's investors. Savvy buyers recognize the trends in the city's hotel market.

Upwards Trends at least till the End of 2014

New York City is known as the best performing hotel market in the US. That fact should not surprise anyone. The city's strong hotel performance numbers for last year have encouraged supply increases in 2011. During the past year, 37 hotels (5,638 rooms) were added to the NYC inventory.

Active Pipeline

More hotel rooms have come on scene in the Big Apple than in any other major U.S. market. New York City has the largest active pipeline in America. According to STR/McGraw-Hill Construction Dodge, New York has 173 hotels (20,650 rooms) in the active pipeline. Apparently, no slowdown is expected any time in the near future.

Increased Supply

If all plans for 2011 come to completion, New York City will see a 4.2% rise in supply for the market. Obviously, expectations point to a continued recovery. Based on STR statistics as of April 2011, the present supply is 538 hotels (99,406 rooms).

In fact, 53 projects (6,712 rooms) are in the construction phase at this time. Visitors to New York City should be prepared to see plenty of development in this global center.

Summer Openings

Specific openings for June include aloft New York Brooklyn, The NoMad Hotel, Dream Downtown, and Holiday Inn New York Midtown, as well as Yotel New York Times Square (the largest property under development - 669 rooms). The Hyatt 48 Lex and TRYP New York City Times Square South are planned to open in July.

Unique NYC Hotel

Brack Capital has purchased 185 Bowery completing a four-property parcel between 185-191 Bowery. In addition, Brack Capital's Orchard Street Hell Building will be reborn as a Hotel Indigo. Dutch hotel chain CitizenM plans a "budget luxury" hotel at the site resting on the Bowery and Delancey Street. This unique hotel will target "mobile citizens of the world" who seek "affordable luxury for the people."

This spacious hotel (315 rooms scattered across 90,000 square feet) will offer guest rooms with wall-to-wall windows, LCD flat screens, rainshowers, and oversized beds. The innovative décor features rooms controlled by a "mood pad." In other words, this new hotel will have rooms that can change colors. The project should be completed by next year.

NYC Hotel Market

Investors are not worried about the impact of increased supply. Buyers have confidence in the established and historically-sound NYC market. Andrew Labetti, GM of The Benjamin, a 209-room Manhattan hotel, is certain that the NYC market can handle the new supply.

As well, Host Hotels president and CEO, Ed Walter, has expressed optimism about the remainder of the year in the NYC hotel industry. Host Hotels is involved heavily in construction and renovations during the first half of 2011. Yet the company expects huge returns later in the year. Host is in the midst of repositioning the Sheraton New York Hotel & Towers.

Gaining Momentum

Positive demand is evident in the NYC hotel sector. Momentum is rising and the market continues to gain strength. FelCor Lodging Trust’s executive VP and CFO, Andrew J. Welch, explains that the outlook is fine for New York City. Welch says that we are seeing seven out of ten hotel rooms sold in the city.

“…New York’s always very strong,” insists FelCor Lodging Trust’s executive VP and CFO.

NYC pipeline: Manageable growth?

New York City is known as the best performing hotel market in the US. That fact should not surprise anyone. The city's strong hotel performance numbers for last year have encouraged supply increases in 2011. During the past year, 37 hotels (5,638 rooms) were added to the NYC inventory.

Active Pipeline

More hotel rooms have come on scene in the Big Apple than in any other major U.S. market. New York City has the largest active pipeline in America. According to STR/McGraw-Hill Construction Dodge, New York has 173 hotels (20,650 rooms) in the active pipeline. Apparently, no slowdown is expected any time in the near future.

Increased Supply

If all plans for 2011 come to completion, New York City will see a 4.2% rise in supply for the market. Obviously, expectations point to a continued recovery. Based on STR statistics as of April 2011, the present supply is 538 hotels (99,406 rooms).

In fact, 53 projects (6,712 rooms) are in the construction phase at this time. Visitors to New York City should be prepared to see plenty of development in this global center.

Summer Openings

Specific openings for June include aloft New York Brooklyn, The NoMad Hotel, Dream Downtown, and Holiday Inn New York Midtown, as well as Yotel New York Times Square (the largest property under development - 669 rooms). The Hyatt 48 Lex and TRYP New York City Times Square South are planned to open in July.

Unique NYC Hotel

Brack Capital has purchased 185 Bowery completing a four-property parcel between 185-191 Bowery. In addition, Brack Capital's Orchard Street Hell Building will be reborn as a Hotel Indigo. Dutch hotel chain CitizenM plans a "budget luxury" hotel at the site resting on the Bowery and Delancey Street. This unique hotel will target "mobile citizens of the world" who seek "affordable luxury for the people."

This spacious hotel (315 rooms scattered across 90,000 square feet) will offer guest rooms with wall-to-wall windows, LCD flat screens, rainshowers, and oversized beds. The innovative décor features rooms controlled by a "mood pad." In other words, this new hotel will have rooms that can change colors. The project should be completed by next year.

NYC Hotel Market

Investors are not worried about the impact of increased supply. Buyers have confidence in the established and historically-sound NYC market. Andrew Labetti, GM of The Benjamin, a 209-room Manhattan hotel, is certain that the NYC market can handle the new supply.

As well, Host Hotels president and CEO, Ed Walter, has expressed optimism about the remainder of the year in the NYC hotel industry. Host Hotels is involved heavily in construction and renovations during the first half of 2011. Yet the company expects huge returns later in the year. Host is in the midst of repositioning the Sheraton New York Hotel & Towers.

Gaining Momentum

Positive demand is evident in the NYC hotel sector. Momentum is rising and the market continues to gain strength. FelCor Lodging Trust’s executive VP and CFO, Andrew J. Welch, explains that the outlook is fine for New York City. Welch says that we are seeing seven out of ten hotel rooms sold in the city.

“…New York’s always very strong,” insists FelCor Lodging Trust’s executive VP and CFO.

NYC pipeline: Manageable growth?

New York City is known as the best performing hotel market in the US. That fact should not surprise anyone. The city's strong hotel performance numbers for last year have encouraged supply increases in 2011. During the past year, 37 hotels (5,638 rooms) were added to the NYC inventory.

Active Pipeline

More hotel rooms have come on scene in the Big Apple than in any other major U.S. market. New York City has the largest active pipeline in America. According to STR/McGraw-Hill Construction Dodge, New York has 173 hotels (20,650 rooms) in the active pipeline. Apparently, no slowdown is expected any time in the near future.

Increased Supply

If all plans for 2011 come to completion, New York City will see a 4.2% rise in supply for the market. Obviously, expectations point to a continued recovery. Based on STR statistics as of April 2011, the present supply is 538 hotels (99,406 rooms).

In fact, 53 projects (6,712 rooms) are in the construction phase at this time. Visitors to New York City should be prepared to see plenty of development in this global center.

Summer Openings

Specific openings for June include aloft New York Brooklyn, The NoMad Hotel, Dream Downtown, and Holiday Inn New York Midtown, as well as Yotel New York Times Square (the largest property under development - 669 rooms). The Hyatt 48 Lex and TRYP New York City Times Square South are planned to open in July.

Unique NYC Hotel

Brack Capital has purchased 185 Bowery completing a four-property parcel between 185-191 Bowery. In addition, Brack Capital's Orchard Street Hell Building will be reborn as a Hotel Indigo. Dutch hotel chain CitizenM plans a "budget luxury" hotel at the site resting on the Bowery and Delancey Street. This unique hotel will target "mobile citizens of the world" who seek "affordable luxury for the people."

This spacious hotel (315 rooms scattered across 90,000 square feet) will offer guest rooms with wall-to-wall windows, LCD flat screens, rainshowers, and oversized beds. The innovative décor features rooms controlled by a "mood pad." In other words, this new hotel will have rooms that can change colors. The project should be completed by next year.

NYC Hotel Market

Investors are not worried about the impact of increased supply. Buyers have confidence in the established and historically-sound NYC market. Andrew Labetti, GM of The Benjamin, a 209-room Manhattan hotel, is certain that the NYC market can handle the new supply.

As well, Host Hotels president and CEO, Ed Walter, has expressed optimism about the remainder of the year in the NYC hotel industry. Host Hotels is involved heavily in construction and renovations during the first half of 2011. Yet the company expects huge returns later in the year. Host is in the midst of repositioning the Sheraton New York Hotel & Towers.

Gaining Momentum

Positive demand is evident in the NYC hotel sector. Momentum is rising and the market continues to gain strength. FelCor Lodging Trust’s executive VP and CFO, Andrew J. Welch, explains that the outlook is fine for New York City. Welch says that we are seeing seven out of ten hotel rooms sold in the city.

“…New York’s always very strong,” insists FelCor Lodging Trust’s executive VP and CFO.

NYC pipeline: Manageable growth?

Today's travellers to New York City can find sensational Cyber Monday deals. People prefer the Big Apple because of its cultural sites, historical landmarks, and recreational venues. An attractive travel deal optimizes the appeal of a visit to this spectacular global center.

Best Western

Best Western Hotels can be found throughout the greater New York City region. This hotel chain prides itself on its convenient locations near city attractions. NYC Best Western hotels include:

• BEST WESTERN Convention Center Hotel 522 W 38th Street
• BEST WESTERN PLUS Hospitality House, 145 E 49th Street
• BEST WESTERN PLUS Seaport Inn Downtown, 33 Peck Slip
• BEST WESTERN City View Inn, 3317 Greenpoint Avenue, Long Island City
• BEST WESTERN Plaza Hotel, 3934 21st Street, Long Island City
• BEST WESTERN Jamaica Inn, 8707 Van Wyck Expressway, Jamaica New York
• BEST WESTERN Kennedy Airport, 14425 153rd Ln, Jamaica New York
• BEST WESTERN PLUS Queens Court Hotel, 13351 39th Avenue, Flushing New York
• BEST WESTERN Bowery Hanbee Hotel, 231 Grand Street, New York
• BEST WESTERN PLUS President Hotel at Times Square, 234 W 48th Street

Cyber Monday Deal
Buy a $100 Best Western Travel Card here and receive a bonus $20 gift card reward. Cyber Monday shoppers can choose a $20 Best Western Travel Card or similar gift card from participating retail partners. The Best Western Travel Card can be used as cash to pay for reservations at over 4,000 Best Western hotels worldwide. BWR members can take advantage of this special offer until Monday, Nov. 28 at 11:59 p.m. MST.

Omni Hotels & Resorts

Once again, Omni Hotels & Resorts are offering their "Holiday Treat" incentive for a limited time. This fabulous plan allows travelers to get excellent deals on winter vacations. Between Black Friday and Cyber Monday, the price for Omni guest rooms will range between $79 and $119 in destinations including New York, Atlanta, Boston, Chicago, Dallas, Fort Worth, and San Francisco, as well as other popular locations. In addition, the well-known hotel brand is giving away 100 room nights to 100 followers. Check out this exciting initiative to mark the beginning of the holiday season at the Omni Hotel page on Facebook.

Starwood Hotels

Take advantage of Starwood Hotel Cyber Monday deals in New York City. Book before December 2, 2011 and save with holiday sales.

W New York - Times Square

The Westin New York at Times Square

Four Points by Sheraton Midtown - Times Square

The Manhattan at Times Square Hotel

Sheraton New York Hotel & Towers

W New York

The St. Regis New York

Four Points by Sheraton Manhattan Chelsea

W New York - Union Square

W New York - Downtown

Four Points by Sheraton Manhattan SoHo Village

Sheraton Tribeca New York Hotel

Sheraton Brooklyn New York Hotel

Aloft New York Brooklyn

Aloft Harlem

Sheraton LaGuardia East Hotel

Sheraton JFK Airport Hotel

Even more Cyber Monday hotel and travel deals

Image courtesy of omnihotels.com

The demand for hotel rooms in New York City is on the rise. Several office buildings in the Big Apple are being converted into lodging properties. The former 133,000 square-foot office building at 28th Street and Broadway has just undergone a major transformation into a chic hotel.

In 2007, this Madison Square Park area property was in poor condition. During April 2012, however, the building reopened as the 168-room Parisian-style property – the NoMad Hotel – at 1170 Broadway. The stylish conversion (with interior design by Jacques Garcia) was a group venture with the Sydell Group, Ron Burkle and Square Mile Capital. The NoMad Hotel (and a gourmet restaurant run by Daniel Humm and Will Guidara of Eleven Madison Park) should attract visitors to this rebuilt New York City neighborhood.

Around six similar renovations are on the go in the Big Apple – especially in Midtown South and the Financial District. Millions of square feet of new office space are being added through the new World Trade Center development. According to William Geiler, Highgate's executive vice president of development and acquisitions, Highgate, the Carlyle Group, and Trabuco Associates plan to change a landmark office building at 170 Broadway into a 245-room extended-stay hotel.

Recently, the New York-based GB Lodging bought 5 Beekman St. - an abandoned 19th-century building with a stunning atrium in the center of the Financial District. The company plans to convert the property into a 297-room hotel with 90 condo residences.

Bruce Blum, president and co-founder of GB Lodging, explains the reasoning, "Given the location by downtown, near the 9/11 memorial, across the street from City Hall Park, a block-and-a-half from Fulton Street metro hub, it's a transitioning neighborhood."

With their central locations and commercial zoning, older office buildings have a definite appeal for NYC hotel developers. Yet for years, investors had wondered about the best use for aging office properties. Generally, the buildings were turned into rental apartments or condos. The current trend, however, to turn offices into hotels is revitalizing areas of New York that lack vibrancy after work hours and on the weekend.

The Big Apple is alive with new hotel projects. Tourists and corporate travelers are driving rates and occupancies within the lodging sector. According to CBRE Econometric Advisors, the city added 4,100 guest rooms in 2011 to its hospitality industry. The NYC hotel sector is not expected to lose any ground in the present year.

Within the same neighborhood as NoMad, Marriott International Inc. plans to purchase the century-old Clock Tower building and begin another hotel conversion. In addition, Felcor has bought the Knickerbocker Hotel (now an office building) near Times Square with plans to bring the property back to its original style.

As well, the Refinery, a 197-room hotel (complete with rooftop bar) on 38th Street between Fifth and Sixth Avenues, should open in autumn 2012. The Aini and Vaid families (with Highgate Hotels as a consultant) will convert the former hat factory (and later, office building) into a splendid hotel.

Obviously, office conversions are not easy projects. The buildings have larger floor plates (not ideal for hotels) and institutional hotel brands prefer traditional layouts. Yet Christina Zimmer, principal in charge of hospitality architecture at Stonehill & Taylor (architect and design firm for the Refinery), gives one reason why hotel developers choose office building for conversion purposes,

"You end up with some quirky layouts. You're getting a slightly different product, rather than something cookie cutter," states Zimmer.

Despite all the hotel openings, industry experts believe that the demand for NYC guest rooms will still exceed the present supply. According to the latest projections by CBRE Econometric Advisors, the NYC hotel occupancy rate in 2012 should rise by 0.6 percentage points to 81%. The national rate, however, should remain the same at 65.9%. The average daily rate should also rise by 4.5% to $243 in 2012. Manhattan needs even more hotel rooms.

Image courtesy of hotelchatter.com

NYC Hotels Exceeding Expectations

U.S. hotel owners are seeing an increase in corporate travel while the number of leisure guests is not breaking any records. Generally, room rates and occupancy levels are on the rise. Yet not every hotelier across the country is raking in massive profits.

High-Profile Hotels

Of course, various high-profile hotel companies (Marriot, Hyatt) are showing improvement. Other hotel owners, however, have faced bankruptcy or foreclosure in recent years. New York City hotels are seen as a smart investment in an established market.

Altman Z-Score

If entrepreneurs want to determine a company's risk for bankruptcy, they can use the Altman Z-Score (a formula developed by New York University professor Edward Altman in 1968). The Altman Z-Score measures varied aspects of a company's financial health - working capital, total assets, total liabilities, market capitalization, sales, retained earnings, and earnings before interest & taxes (EBIT). This measure can predict if the company will go bankrupt within two years. According to Investopedia, the Altman Z-Score has been 72% accurate in its predictions.

Usually, companies with a Z-Score above 3 are considered safe and have little risk of bankruptcy. Businesses with a score of 1.81 or lower are seen as distressed properties in danger of bankruptcy. The middle range is a gray area.

Of course, the Altman Z-Score is not the only indication of a company's financial state. The Z-Score does not come with any guarantee. Yet potential buyers have reason to be concerned about hotels below the safety zone or properties with a year-after-year declining score.

Starwood Hotels

Starwood Hotels, a dynamic presence in the NYC hospitality industry, as well as elsewhere, stayed at a reading of 1.84 in the trailing 12 months. This measure puts Starwood Hotels within the gray area and not at risk for bankruptcy. Starwood operates hotels under several brands such as the St. Regis, W, Westin, Le Meridien, Sheraton, and Four Points.

On July 28, Starwood will release its financial results for the second quarter of 2011. Several analysts expect Starwood to announce a profit of $89.6 million (46 cents per share) on revenue of $1.41 billion. This profit would compare with last year's earnings of $114 million (61 cents per diluted share) on revenue of $1.29 billion. During April, Starwood announced that quarterly revenue exceeded expectations and increased by 9.2% to $1.3 billion. Luxury travel was behind the rise in profits.

Despite turmoil in North Africa and the Middle East and the earthquake in Japan, worldwide RevPAR (revenue per available room) rose 10.4 per cent. Within North America, the increase amounted to 11.1 per cent. RevPAR, a key metric in the hotel sector, multiplies an establishment's room rate by its occupancy rate. Within recent years, RevPAR has been lower as travelers decided against high-priced hotel rooms – even in luxury properties.

Starwood offered a better full-year profit guidance ($1.60 to $1.70 per share). Analysts had predicted these profits. Starwood CEO says that the outlook for the rest of 2011 looks promising for the company.

Wyndham Worldwide (WYNR)

With a Z-Score of 1.15, Wyndham ranked just inside the risky area. Yet Wyndham shows improvement from last year. Wyndham operates several hotel brands including Wyndham (such as Wyndham Garden Times Square South Hotel), Ramada, Days Inn, Super 8, Howard Johnson and Microtel, as well as other properties. On July 27, Wyndham will release its 2011 second-quarter results.

Industry analysts expect a profit of $95.4 million (56 cents per share) on revenue of $1.05 billion. Last year, the company's earnings came in at $95 million (51 cents per share) on revenue of $963 million. Recently, Wyndham saw a 44% increase in net earnings due to increased revenue in all business categories.

As of March 31, 2011 (the end of this year's fiscal quarter), Wyndham earned $72 million (41 cents per share). Excluding charges, its profit was 44 cents per share. This figure topped expectations by 4 cents. Revenue increased 7% to $952 million – almost $18 million shy of analysts' predictions. Wyndham's lodging showed a RevPAR rise of 7.4%.

Bankruptcy Watch: 9 Risky Hotel Stocks

Image courtesy of blog.ratestogo.com

NYC Hotels Exceeding Expectations

U.S. hotel owners are seeing an increase in corporate travel while the number of leisure guests is not breaking any records. Generally, room rates and occupancy levels are on the rise. Yet not every hotelier across the country is raking in massive profits.

High-Profile Hotels

Of course, various high-profile hotel companies (Marriot, Hyatt) are showing improvement. Other hotel owners, however, have faced bankruptcy or foreclosure in recent years. New York City hotels are seen as a smart investment in an established market.

Altman Z-Score

If entrepreneurs want to determine a company's risk for bankruptcy, they can use the Altman Z-Score (a formula developed by New York University professor Edward Altman in 1968). The Altman Z-Score measures varied aspects of a company's financial health - working capital, total assets, total liabilities, market capitalization, sales, retained earnings, and earnings before interest & taxes (EBIT). This measure can predict if the company will go bankrupt within two years. According to Investopedia, the Altman Z-Score has been 72% accurate in its predictions.

Usually, companies with a Z-Score above 3 are considered safe and have little risk of bankruptcy. Businesses with a score of 1.81 or lower are seen as distressed properties in danger of bankruptcy. The middle range is a gray area.

Of course, the Altman Z-Score is not the only indication of a company's financial state. The Z-Score does not come with any guarantee. Yet potential buyers have reason to be concerned about hotels below the safety zone or properties with a year-after-year declining score.

Starwood Hotels

Starwood Hotels, a dynamic presence in the NYC hospitality industry, as well as elsewhere, stayed at a reading of 1.84 in the trailing 12 months. This measure puts Starwood Hotels within the gray area and not at risk for bankruptcy. Starwood operates hotels under several brands such as the St. Regis, W, Westin, Le Meridien, Sheraton, and Four Points.

On July 28, Starwood will release its financial results for the second quarter of 2011. Several analysts expect Starwood to announce a profit of $89.6 million (46 cents per share) on revenue of $1.41 billion. This profit would compare with last year's earnings of $114 million (61 cents per diluted share) on revenue of $1.29 billion. During April, Starwood announced that quarterly revenue exceeded expectations and increased by 9.2% to $1.3 billion. Luxury travel was behind the rise in profits.

Despite turmoil in North Africa and the Middle East and the earthquake in Japan, worldwide RevPAR (revenue per available room) rose 10.4 per cent. Within North America, the increase amounted to 11.1 per cent. RevPAR, a key metric in the hotel sector, multiplies an establishment's room rate by its occupancy rate. Within recent years, RevPAR has been lower as travelers decided against high-priced hotel rooms – even in luxury properties.

Starwood offered a better full-year profit guidance ($1.60 to $1.70 per share). Analysts had predicted these profits. Starwood CEO says that the outlook for the rest of 2011 looks promising for the company.

Wyndham Worldwide (WYNR)

With a Z-Score of 1.15, Wyndham ranked just inside the risky area. Yet Wyndham shows improvement from last year. Wyndham operates several hotel brands including Wyndham (such as Wyndham Garden Times Square South Hotel), Ramada, Days Inn, Super 8, Howard Johnson and Microtel, as well as other properties. On July 27, Wyndham will release its 2011 second-quarter results.

Industry analysts expect a profit of $95.4 million (56 cents per share) on revenue of $1.05 billion. Last year, the company's earnings came in at $95 million (51 cents per share) on revenue of $963 million. Recently, Wyndham saw a 44% increase in net earnings due to increased revenue in all business categories.

As of March 31, 2011 (the end of this year's fiscal quarter), Wyndham earned $72 million (41 cents per share). Excluding charges, its profit was 44 cents per share. This figure topped expectations by 4 cents. Revenue increased 7% to $952 million – almost $18 million shy of analysts' predictions. Wyndham's lodging showed a RevPAR rise of 7.4%.

Bankruptcy Watch: 9 Risky Hotel Stocks

Image courtesy of blog.ratestogo.com

NYC Hotels Exceeding Expectations

U.S. hotel owners are seeing an increase in corporate travel while the number of leisure guests is not breaking any records. Generally, room rates and occupancy levels are on the rise. Yet not every hotelier across the country is raking in massive profits.

High-Profile Hotels

Of course, various high-profile hotel companies (Marriot, Hyatt) are showing improvement. Other hotel owners, however, have faced bankruptcy or foreclosure in recent years. New York City hotels are seen as a smart investment in an established market.

Altman Z-Score

If entrepreneurs want to determine a company's risk for bankruptcy, they can use the Altman Z-Score (a formula developed by New York University professor Edward Altman in 1968). The Altman Z-Score measures varied aspects of a company's financial health - working capital, total assets, total liabilities, market capitalization, sales, retained earnings, and earnings before interest & taxes (EBIT). This measure can predict if the company will go bankrupt within two years. According to Investopedia, the Altman Z-Score has been 72% accurate in its predictions.

Usually, companies with a Z-Score above 3 are considered safe and have little risk of bankruptcy. Businesses with a score of 1.81 or lower are seen as distressed properties in danger of bankruptcy. The middle range is a gray area.

Of course, the Altman Z-Score is not the only indication of a company's financial state. The Z-Score does not come with any guarantee. Yet potential buyers have reason to be concerned about hotels below the safety zone or properties with a year-after-year declining score.

Starwood Hotels

Starwood Hotels, a dynamic presence in the NYC hospitality industry, as well as elsewhere, stayed at a reading of 1.84 in the trailing 12 months. This measure puts Starwood Hotels within the gray area and not at risk for bankruptcy. Starwood operates hotels under several brands such as the St. Regis, W, Westin, Le Meridien, Sheraton, and Four Points.

On July 28, Starwood will release its financial results for the second quarter of 2011. Several analysts expect Starwood to announce a profit of $89.6 million (46 cents per share) on revenue of $1.41 billion. This profit would compare with last year's earnings of $114 million (61 cents per diluted share) on revenue of $1.29 billion. During April, Starwood announced that quarterly revenue exceeded expectations and increased by 9.2% to $1.3 billion. Luxury travel was behind the rise in profits.

Despite turmoil in North Africa and the Middle East and the earthquake in Japan, worldwide RevPAR (revenue per available room) rose 10.4 per cent. Within North America, the increase amounted to 11.1 per cent. RevPAR, a key metric in the hotel sector, multiplies an establishment's room rate by its occupancy rate. Within recent years, RevPAR has been lower as travelers decided against high-priced hotel rooms – even in luxury properties.

Starwood offered a better full-year profit guidance ($1.60 to $1.70 per share). Analysts had predicted these profits. Starwood CEO says that the outlook for the rest of 2011 looks promising for the company.

Wyndham Worldwide (WYNR)

With a Z-Score of 1.15, Wyndham ranked just inside the risky area. Yet Wyndham shows improvement from last year. Wyndham operates several hotel brands including Wyndham (such as Wyndham Garden Times Square South Hotel), Ramada, Days Inn, Super 8, Howard Johnson and Microtel, as well as other properties. On July 27, Wyndham will release its 2011 second-quarter results.

Industry analysts expect a profit of $95.4 million (56 cents per share) on revenue of $1.05 billion. Last year, the company's earnings came in at $95 million (51 cents per share) on revenue of $963 million. Recently, Wyndham saw a 44% increase in net earnings due to increased revenue in all business categories.

As of March 31, 2011 (the end of this year's fiscal quarter), Wyndham earned $72 million (41 cents per share). Excluding charges, its profit was 44 cents per share. This figure topped expectations by 4 cents. Revenue increased 7% to $952 million – almost $18 million shy of analysts' predictions. Wyndham's lodging showed a RevPAR rise of 7.4%.

Bankruptcy Watch: 9 Risky Hotel Stocks

Image courtesy of blog.ratestogo.com