Father Divine's hotel is sold

Article Abstract:

Philadelphia's historic Divine Lorraine Hotel has been sold to New York developer Tony Goldman's Divine Lorraine Limited Liability Corp. for $2 million. The 10-story, 107-year-old historic landmark was built by followers of Father Divine, the Philadelphia religious and civil-rights leader.

Asset sales & divestitures, Land, mineral, wildlife conservation, Historical Sites, Historic Landmarks, Historic sites

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Rising room rates, falling stock

Article Abstract:

Philadelphia's Four Seasons Hotel is one of the lodging chains cited in a report about declining investor confidence in the hotel industry despite rising profits. The Four Seasons chain, which has reported up to 82% total return, is the exception to the current trend.

Strategy & planning, FS, Four Seasons Hotels Ltd.

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Hotel to get third name within year

Article Abstract:

Starwood Hotels & Resorts Worldwide Inc., which denies that it will layoff any workers, has announced that it will change the name of the 290-room St. Regis hotel to that of a Westin hotel. The Westin hotel chain, which is owned by Starwood, is an upscale hotel chain.

Marketing procedures, Geographic, Starwood Hotels & Resorts Worldwide Inc., HOT

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