As David Marriott, the youngest son of hotel magnate Bill Marriott, finds his footing as head of the global sales division of the company, the question is rising of whether he will one day run the company. The younger Marriott is the only of four siblings working in day-to-day operations in the business, and some say he has a lot of his father's spirit.
Developers are set to move ahead with a project to build 4,000 new homes and two midrise hotels in Galveston, Texas, despite warnings that the development could destroy a natural storm shield on the storm-prone island. Critics say Galveston officials are ignoring environmental threats in favor of tax money, but officials say the plans for the development, which would be the largest in the city's history, are sound.
InterContinental Hotels Group is in a deal to operate three hotels in an Eastern China city near Shanghai. The properties -- a Crowne Plaza and two Holiday Inn Express hotels -- are being developed by Hong Kong developer Top Spring Group.
Pure Solutions has converted rooms at more than 30 hotels across the country to allergy-free rooms with a seven-step process, and Environmental Technology Solutions completely guts rooms and replaces everything from rugs to window treatments with allergen-free materials.
Developers are increasingly looking to mixed-use projects as a means of getting hotel projects approved by financiers. A hotel brand name can help boost the desirability and value of condo space, while retail components represent another revenue stream and have good appreciation rates.