Hotwire Reveals Hotel Rate Report for January 2011
Flagstaff, Arizona; Key West, Florida; and Albuquerque, New Mexico Debut on the Top Five List of Price Drops
Flagstaff, Arizona; Key West, Florida; and Albuquerque, New Mexico Debut on the Top Five List of Price Drops
Revenues for the first nine months of fiscal 2011 were $11.8 million compared to $13.1 million in the prior year period, reflecting declining occupancy and rates in the current economic conditions.
Managed by Prism Hotels & Resorts, the 15-story, 276-room property formerly known as Albuquerque Grand Airport Hotel recently completed a seven-month, $14 million renovation in preparation for its re-flagging as a Sheraton.