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...
Full StoryThe 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...
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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...
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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...
Full StorySix 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...
Full StoryThrough 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...
Full StoryFitch 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...
Full StorySandpoint-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...
Full StoryThe 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...
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Bellevue, Wash.-based Axia Financial LLC, which does business as Axia Home Loans, has grown its Inland Northwest operations since May, both in employee numbers and offices to meet demand for mortgage lending and refinancing services. This past a...
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