Entries by mleary

Hotel REIT corporate governance woes apparent as industry convenes at hotel on strike 

Corporate governance failures of hotel REITs are centerstage this year as NAREIT gathers for its annual conference at the San Francisco Marriott Marquis, Host Hotels and Resort’s flagship 1,500 room convention hotel where workers have been on strike for nearly a month.  Around 7,000 hotel workers are on strike at Marriotts in San Francisco, Boston, Hawaii, San […]

AHLA plan falls short on sexual harassment protection

Industry Group Fails to Acknowledge Hotel Owners’ Responsibility On September 6, 2018, the American Hotel & Lodging Association (AHLA) announced its “5-Star Promise,” a long overdue response to widespread sexual harassment and assault in the hotel industry.  AHLA’s Promise contained a set of voluntary, non-binding recommendations lacking specific scope or timeframe for adoption and assigned […]

Marriott’s Green Program: short-term cuts, long-term problems

“People are the heart and soul of the hotel industry,” says the American Hotel and Lodging Association, but Marriott’s Green Program is a debit against its human capital account. Host Hotels & Resorts recently told investors that Marriott’s so-called ‘Green Choice’ programs are “positively impacting expenses,” but these programs have a damaging impact on hotel housekeepers: […]

Are Hotel Strikes Smart for Pebblebrook Right Now?

Pebblebrook Hotel Trust has spent a year and considerable financial resources pursuing a merger with LaSalle Hotel Properties, which is on the cusp of being voted on and consummated. But both have high performing properties subject to rare hotel worker strikes at a critical time for the merger. Moreover, if Pebblebrook is planning to sell […]