CNL sells 32 hotels
as it goes upscale - Most of the hotels sold were small properties
that lack meeting spaces and restaurant facilities
Orlando-based CNL Hotels & Resorts announced Thursday it is
selling 32 of its 91 hotels and resorts for about $405 million.
The company is selling off what it calls "nonstrategic"
hotels -- mostly Hampton Inns and Holiday Inns -- to Whitehall Street
Global Real Estate Limited Partnership 2005.
The majority of hotels sold were in the select-service segment,
a term used to describe small properties that lack amenities such
as large meeting spaces or restaurant facilities. None was in Central
Florida.
Some have reservations,
others anticipate a payoff - Hotels in Hampton continue to wait
to see big dividends that the convention center may provide
HAMPTON -- Opened more than a year and a half ago to help make
the city a destination, a new convention center is still years away
from giving a significant lift to Hampton's hotel market, according
to some hoteliers.
"Hampton is slowly becoming a destination," said Kelli
Henry, sales director for the Holiday Inn on West Mercury Boulevard.
"It takes a little longer to get the word out. We're not a
Baltimore. We're not an Atlanta."
The Hampton Roads Convention Center is part of a controversial
project costing more than $125 million that also brought in a 295-room
Embassy Suites hotel. The sprawling complex sits by the Hampton
Coliseum and offers about 344,000 square feet of convention space,
nearly the area of six football fields.
In 2005, with the center officially opening in late April, the
city's hotels saw a drop in demand for rooms. That's according to
surveys of nearly 30 hotels in Hampton by Smith Travel Research.
The convention center brought in about 15,000 room bookings, according
to estimates from Hampton's convention and visitor bureau, but there
was an overall drop in demand of nearly 9,000 rooms. About 569,000
rooms were sold during 2005, compared to about 578,000 in 2004,
Smith Travel says.
Heavy
travel forecast for holidays - Hotel rates, air fares and gasoline
prices have risen only slightly from a year ago, AAA-Oklahoma says
More people will travel this Christmas-New Year's holiday than
ever before, both nationally and in Oklahoma, according to travel
club AAA.
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