The excess of upscale
houses has allowed buyers to become more selective and forced sellers to reduce their price.
Isaac Hayes Music, Food, Passion (150 Peabody Place, Memphis, 901-529-9222): Upscale
restaurant and nightclub.
The trends toward upscale
presentations and increased consumer interest in natural skin care are being helped by proliferating specialty and niche products.
We are proud that the new Doubletree Hotel Syracuse represents the first upscale
, full-service hotel within the Hilton Family of Hotels to enter the Greater Syracuse market," said Dave Horton, senior vice president - brand management for Doubletree Hotels.
The La Quinta area is a perfect place for an upscale
hotel brand such as Embassy Suites, and adding this hotel to our roster takes us closer to our goal of having 300 hotels by 2010.
Hersha Hospitality Trust is a self-advised real estate investment trust that owns interests in 63 high quality, upper-upscale
and midscale limited service and extended-stay hotel properties with 7,940 rooms located in high barrier to entry markets primarily from Metro Boston, Massachusetts to Metro Washington, DC with strong, national franchise affiliations.
This is an important acquisition for us and we are looking forward to introducing the upscale
Rick's Cabaret model into the very dynamic San Antonio market," said Eric Langan, CEO of Rick's Cabaret.
PHILADELPHIA -- Hersha Hospitality Trust (AMEX: HT), a real estate investment trust (REIT) and owner of 59 nationally franchised, upper-upscale
and midscale limited service and extended-stay hotels, today announced that it has signed an agreement to purchase the remaining two-thirds interest in the joint venture than owns its 144-room Hampton Inn Manhattan-Chelsea from its joint-venture partner, CNL Hotels & Resorts, Inc ("CNL").
NASDAQ: RICK), which operates upscale
gentlemen's clubs, purchased its eleventh establishment, an adult entertainment facility in San Antonio, Texas (4102 Naco Perrin Street) that will reopen in August under the upscale
Club Onyx brand and will cater to African-American gentlemen.
Homewood Suites brand provides us the opportunity to improve upon our strong operating margins and provides us further opportunities to leverage the fast growing extended stay market, which we are targeting in our acquisitions program.
NYSE:HOT) today unveils plans for a new upper upscale
extended stay brand inspired by Westin Hotels.
As an XTC Cabaret the club will feature exotic dancing and entertainment, but without the upscale
atmosphere and steakhouse restaurant service that characterize the company's flagship Rick's Cabaret clubs.