los angeles airport marriott
From Groundbreaking to Ribbon-Cutting: Tips to Inspire Staff During Hotel Transformation
Jeff Hart | July 9, 2018
By Jeff Hart Hotel renovations are commonplace in today's hotel operation landscape. From facelifts to complete overhauls, properties must take the necessary steps to stay up-to-date with current trends and the needs of today's travelers. While the impact a redesign has on the hotel guest is often the first area of concern for management, a team should also place emphasis on inspiring and uplifting staff, as it is their overall project knowledge and feelings towards the transformation that ultimately trickles down to the guest. As a Hotel General Manager, keeping the team motivated is the single most important piece of the job. It is so...
DiamondRock Hospitality Agrees to Sell the 1,004-room Los Angeles Airport Marriott for $160M
DiamondRock Hospitality Company | November 17, 2014
BETHESDA, Md., Nov. 17, 2014 -- DiamondRock Hospitality Company (the "Company") (NYSE: DRH) announced today that it has entered into a purchase and sale agreement to sell the 1,004-room Los Angeles Airport Marriott (the "Hotel"). This transaction is the result of a reverse inquiry from the same buyer who purchased the Torrance Marriott from the Company in late 2013. The Company will receive total gross consideration from the sale of the Hotel of approximately $160 million, including payment for the Hotel's capital reserve. The total consideration represents a 6.6% capitalization rate on the Hotel's net operating income of $10.5 million ...
