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Editorial Results (free)

1. American Express to Solely Take Over the Hilton Credit Card -

NEW YORK (AP) – American Express will become the exclusive credit card issuer for Hilton Hotels, the company said Thursday, a major success for a business that has been facing increased competition.

2. Memphis City Council OKs Sale of Sheraton Hotel -

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

3. Council OKs Sheraton Sale, Weighs Trash Pickup Changes -

The Memphis City Council on Tuesday, April 11, approved Host Hotels & Resorts LP’s $67 million sale of the Sheraton Memphis Downtown convention center hotel to LMS Real Estate Investment Management LLC, a newly formed joint venture between Schulte Hospitality Group and Starwood Capital Group.

4. Council Faces Beale Street, Parking Decisions -

Memphis City Council members have an agenda full of hot spots Tuesday, April 11. They vote on a move to abolish the Beale Street Tourism Development Authority, check to see if both sides paying for a Memphis Zoo parking solution in Overton Park are on the same page and take a final vote to change on-street parking around FedExForum and The Orpheum Theatre to a flat fee of $10 for “special events.”

5. “Gateway’ Puzzle Begins To Come Together -

Starting last summer, a new ownership group for the city’s largest hotel by room count was undertaking its due diligence largely out of the public eye.

There were some rumblings about the Sheraton Memphis Downtown changing hands three years after a renovation of the 600-room hotel attached to the Memphis Cook Convention Center.

6. City's Largest Hotel Changes Hands In Latest 'Gateway' Puzzle Piece -

The largest hotel in the city by room count is changing hands in what is a key part of the city’s effort to remake the Memphis Cook Convention Center as a part of a larger “Gateway project” in the general convention center area.

7. City Seeks Convention Center Hotel Planning Consultant -

The Memphis Cook Convention Center renovation is about to get a construction manager and soon to follow will be a price estimate – how much an upgrade to the 40-plus-year-old facility can the city get for its money.

8. Two Hotel Projects Top Council Agenda -

Two Downtown hotels top a planning and development-heavy agenda for the Tuesday, Dec. 2, session of the Memphis City Council.

The council votes on a special use permit for a 68-room luxury hotel at 477 S. Main St., in a building that until recently had been a graduate school for the Memphis College of Art.

9. St. Jude Planning Renovation Of Tri Delta Place -

350 N. Third St.

Memphis, TN 38105

Permit Amount: $3.5 million

Application Date: November 2016

10. Last Word: The Long Count, Bigger Than Boutiques and God's View of the NBA -

It's Veterans Day with the annual Downtown parade starting at 10 a.m. Friday and a wreath-laying ceremony an hour later at the Doughboy Statue in Overton Park.

The long local vote count since Tuesday is still underway as Thursday becomes Friday. It should wrap up Friday with the provisional ballot count completed.

11. Developer Wins Approval For Downtown Aloft Hotel -

Mississippi-based Vibrant Hotels Inc. is one step closer to developing a new full-scale hotel in the heart of Downtown Memphis after its special use permit was approved by the Land Use Control Board Thursday, Nov. 10.

12. Downtown May Get New 12-Story Boutique Hotel -

A plan to redevelop the former Tenoke Building into a hotel may be revived several years after a similar idea for the vacant Downtown office high-rise fell through.

Vibrant Hotels Inc., an affiliate of Batesville, Mississippi-based development company JVD Enterprises, is seeking a special use permit that would allow the conversion of the century-old Tenoke, located at 161 Jefferson Ave., and the adjacent one-story office at 191 Jefferson Ave. into an “upper-brand franchised full-service hotel,” according to an application filed with the city-county Office of Planning and Development in August.

13. Outlook Weighs on Hilton -

MCLEAN, Va. (AP) – Hilton cut its expectations for a key revenue figure, overshadowing an otherwise solid third-quarter performance.

Hilton had previously expected its revenue per-available room to rise between 3 percent and 4 percent for 2016. On Wednesday, it trimmed those expectations to just a 1.5 percent to 2 percent increase compared with last year, and flat to 1 percent for the current and final quarter of 2016.

14. Another Bid From China for US Hotel; $6.5B for Hilton Stake -

NEW YORK (AP) – HNA Group is snapping up a 25 percent ownership stake of the Hilton hotel chain for about $6.5 billion, the latest attempt by a Chinese interest to acquire real estate in the U.S.

15. Marriott Receives Final Approval Needed for Starwood Buyout -

NEW YORK (AP) – Chinese antitrust regulators have approved Marriott's buyout of Starwood, marking the final approval needed for the deal to close.

Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. expect to close the deal before the market opens on Friday.

16. Hotels Woo Guests to Book Directly Online With Discounts -

NEW YORK (AP) – Hotels are getting more aggressive in their fight to get travelers to book reservations directly with them instead of through online travel agencies such as Expedia and Priceline.

17. Is That Credit Card With the Annual Fee Really Worth It? -

NEW YORK (AP) — The biggest months for adding and dropping credit cards are December and January, so now's the time to make sure that $95 annual fee is really worth it.

Chances are, it's not.

18. Marriott Becomes World's Largest Hotelier, Buying Starwood -

NEW YORK (AP) — Hotel behemoth Marriott International is becoming even larger, taking over rival chain Starwood in a $12.2 billion deal that will catapult it to become the world's largest hotelier by a wide margin.

19. Skip Check-In; Latest Hotel Room Key is Your Phone -

NEW YORK (AP) – Hotels don't want guests to have to linger at the front desk – or even stop by at all.

New programs are helping speed up the check-in process for busy travelers, or in at least one case, letting them go straight to their rooms by using their smartphone to unlock doors.

20. Apple Reveals Larger iPhones and Smartwatch -

CUPERTINO, Calif. (AP) – For the first time in years, Apple's iPhones weren't the star of the show. Apple unveiled a smartwatch on Tuesday, a wearable device that marks the company's first major entry in a new product category since the iPad's debut in 2010.

21. Charlotte Firm Buys Mendenhall Warehouse -

4517 S. Mendenhall Road
Memphis, TN 38141
Sale Amount: $1.4 million

Sale Date: June 24, 2014
Seller: Tenn Thom Realty LLC
Loan Amount: $1.1 million
Loan Date: June 24, 2014
Maturity Date: N/A
Lender: First Tennessee Bank NA
Details: An affiliate of Charlotte, N.C.-based real estate development firm The Keith Corp. has paid $1.4 million for the 14,650-square-foot warehouse at 4517 S. Mendenhall Road in Hickory Hill.

22. Sheraton Files Permit for Room Renovation -

The 600-room Sheraton Memphis Downtown Hotel at 250 N. Main St. has filed a $4.5 million permit with the city-county Office of Construction Code Enforcement for guest room renovations.

23. Belz Launches Hotel Management Venture -

The night before Conduit Global announced this week it will hire 1,000 people to staff a large call center in Shelby County, representatives of the company stayed at The Peabody hotel.

Not only did they let it be known they were impressed by the South’s Grand Hotel, they said they’d love to stay at the Peabody again when they come back to Memphis. Other groups also use the hotel for similar purposes – the University of Memphis men’s basketball team, for example, might bring recruits there, as might St. Jude Children’s Research Hospital when they bring a doctor to town they want to woo to the city.

24. Business Licenses Increase 4.9 Percent in Third Quarter -

Business licenses filed with the Shelby County Clerk’s Office in the third quarter rose nearly 5 percent over third quarter 2012, and increased even more compared to the second quarter this year, according to The Daily News Online, www.memphisdailynews.com.

25. Downtown Marriott Rebrands as Sheraton -

Starwood Hotels & Resorts Worldwide Inc. has rebranded the Memphis Marriott Downtown hotel as a Sheraton, and the property is undergoing renovations to bring that brand’s amenities and services.

26. Downtown Marriott Rebrands as Sheraton -

Starwood Hotels & Resorts Worldwide Inc. has rebranded the Memphis Marriott Downtown hotel as a Sheraton, and the property is undergoing renovations to bring that brand’s amenities and services.

27. Browne Happy to Promote Peabody Brand, City -

With his parents involved in the hotel and resort business, Doug Browne grew up living in exotic locations worldwide.

Today, he is proud to call the Mid-South home.

Browne is vice president of The Peabody Hotel Group and general manager of the historic hotel in the heart of Memphis known as the “South’s Grand Hotel” – The Peabody.

28. Recession and Debt Drag on Commercial Real Estate -

LOS ANGELES (AP) - Even as the housing market starts to show signs of recovery, fortunes for commercial real estate are looking increasingly grim – and that could spell trouble for the fragile U.S. banking sector.

29. Starwood Q2 Profit Rises on Cuts, Tax Benefit -

CHICAGO (AP) - Starwood Hotels & Resorts Worldwide Inc. said Thursday that a foreign tax incentive and cost cuts helped boost its second-quarter profit 28 percent.

The increase, which pushed earnings above analyst expectations, came even as Starwood's worldwide revenue per available room – a key hotel metric commonly called revpar – slid sharply as business and leisure travel slipped in the recession.

30. Starwood Hotels Accuses Hilton of Stealing Secrets -

NEW YORK (AP) - Starwood Hotels & Resorts Worldwide Inc. is suing Hilton Hotels Corp. and two of its executives, saying its rival stole secrets about Starwood's luxury brands.

31. US Slowdown Still Weighs On Lodging, Leisure -

NEW YORK (AP) – The lodging sector looked less than comfortable Thursday as earnings reports from two major hotel and casino companies outlined the troubles facing the industry in the U.S.

Lodging and gaming stocks had risen in the days before the reports were released, as a drop in oil prices boosted investors’ hopes that the impact of the U.S. economic downturn on the travel industry might not be as great as feared.

32. Marketing Push Shows Businesses That Downtown Works -

The announcement in February that SunTrust Banks Inc. is clearing out of its 170,000-square-foot space in Downtown's One Commerce Square building - the second-tallest in the city - could be regarded as a setback for Downtown stakeholders.

33. Westin Beale Street HotelOpens for Business -      Downtown Memphis welcomed a new tenant Friday with the opening of a Westin Hotel at 170 Lt. George W. Lee Ave., across from the FedExForum.
     The 203-room Westin Beale Street Hotel is the

34. New Owners of Brooks Road Hotel Plan Overhaul -

1471 and 1481 E. Brooks Road
Memphis, TN 38116
Sale Amount: $5 million

Sale Date: Nov. 29, 2006

35. A Place to Stay - for Days and Days -

An Arkansas-based commercial real estate firm is adding two new hotels to Memphis' real estate landscape. More specifically, they're hotels of the extended stay, quasi-apartment variety.

Whitt Properties Inc. is building seven extended stay properties under the national Value Place brand in four states, two of which will be built in Memphis. One, at Riverdale Road and Tenn. 385, will open later this month. The other, at 5787 Shelby Oaks Drive, will open in early 2007.

36. Hotel Industry Responds to Winds of Change -

Since it opened in 1907, the opulent Plaza Hotel in New York City has hosted kings and presidents, figured prominently in the novel "The Great Gatsby" and been the setting for such Hollywood productions as "North by Northwest."