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Up Close

Traveler spending, hoteliers' profitability expected to rise

U.S. establishment owners more optimistic than their counterparts elsewhere
March 28, 2013
PR Newswire
Forty-two percent of U.S. travelers who participated in a recent survey said they are planning to increase travel spending this year, and 79 percent of U.S. hoteliers said they are optimistic about increased profits this year.TripAdvisor, which
Read More

Hilton, Marriott, Four Seasons most 'relevant' brands

Study used methodology based on conversational buzz to reach conclusions
March 28, 2013
PR Newswire
How do you choose a hotel? By the quality of service? The view? What your friends might think? How about the water pressure in the shower? Don't laugh.Brodeur Partners, a Boston-based communications company, looked into the heart of what really
Read More

Hotel price index reports strong growth

March 28, 2013
PR Newswire
The average price of a hotel room around the world rose by 3 percent during 2012, compared with the previous year, according to the latest Hotels.com Hotel Price Index.The rate of increase has moderated when judged against the 4 percent rise in
Read More
—Staff photo by Treva Lind

Growth through partnerships

Red Lion, Magnuson, FairBridge sign more properties to networks
March 28, 2013
Treva Lind
Spokane plays host to the corporate headquarters of three hospitality companies that all say they are in a growth mode, even if their business models are slightly different.Red Lion Hotels Corp., Magnuson Hotels, and FairBridge Hotels each are a
Read More
—Staff photo by Mike McLean

Lincoln Center finds niche with flexible space mix

Venue sees rise in rentals for corporate gatherings, weddings
March 28, 2013
Mike McLean
As the economy slid into a recession five years ago, it was an unnerving time to open a new event center in Spokane, says Richard Heftel, sales manager, marketing director, and co-owner of The Lincoln Center, at 1316 N. Lincoln.Still, The with a
Read More

Loan appraisal requirements set to change

Regulators are wanting closer look at homes with higher-priced mortgages
February 28, 2013
Six federal financial regulatory agencies last month issued a final rule that establishes new appraisal requirements for what are being termed as higher-priced mortgage loans.The rule implements amendments to the Truth in Lending Act made by the
Read More

B of A helps provide more than $2.6 billion in housing

Community development work last year to create 11,000 affordable units
February 28, 2013
Business Wire
Through its lending, tax-credit equity investments, and real estate development programs, Bank of America Merrill Lynch says it last year provided more than $2.6 billion for community development—commitments that it claims will help create in
Read More

Lenders said not likely to fill student-loan funding gap

Private loan origination is expected to stay below pre-crisis level, Fitch says
February 28, 2013
Business Wire
Fitch Ratings, of New York, says it expects the gap between rising U.S. college costs and available financing to continue expanding in future years as a result of static federal loan limits and ongoing congressional debate over fiscal spending will
Read More

Intermountain Community Bancorp reports upswing

Company posts earnings of $1.9 million for 2012 after ending '11 with loss
February 28, 2013
Kim Crompton
Sandpoint-based Intermountain Community Bancorp, which operates Panhandle State Bank and Intermountain Community Bank, has reported fourth-quarter net income applicable to common shareholders of $910,000, or 14 cents a share, compared with or $1.08
Read More

Commercial delinquency rates decline

January numbers were lowest since early 2012; other positives emerge
February 28, 2013
PR Newswire
The delinquency rate for U.S. commercial real estate loans included in commercial mortgage-backed securities fell 14 basis points in January to 9.57 percent, says a report issued late last month by Washington, D.C.-based finance research company at
Read More
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