"We're drawn to top-tier hotel assets," Mr. Statz said, adding that Starwood owns Sheraton, Westin and St . Regishotels in cities including New York, Boston and San Francisco, the strongest hotel markets in the country.
MGM Mirage, the No. 3 U.S. casino operator, said Wednesday that fourth-quarter profit more than doubled on stronger hotel business, a new Cirque du Soleil show and improved collection of old gambling debts.
Retailing is relatively strong, and hotel occupancy and rates are picking up.
New office tenants will bring a greater balance to the east side of town, an area that has experienced strong retail, hotel and restaurant growth in recent years, said Paul R. Levy, executive director of the Center City District.
Emerging markets have been strong in hotel occupancy," said Chang.
Numbers were strong for "Hotel Transylvania," "Pitch Perfect" and "Looper" as well.
With strong unions, hotel maids in New York City make a middle class wage, with health care benefits.
store and elevator piped-in) music, Video Independent Theatre (135 theatres strong) Circuit, hotel enterprises, and, for seventeen years, the original Frontier Airlines.
Yet the city's employment picture stayed healthy -- overall employment had increased in each quarter after the living wage went into effect and had been especially strong for hotels and restaurants, which have the most low-wage jobs.
Nonetheless he began making changes, spending £250 million on buying the 55-strong Meridien hotel chain to strengthen holdings overseas, rebranding the hotels into luxury, mid-range and budget chains and starting to sell off some of the other businesses so that the company could concentrate on the hotels.
