hotel roanoke
Nobody Asked Me, But… No. 243: Hotel History: Hotel Roanoke, Virginia
Stanley Turkel | January 26, 2021
by Stanley Turkel, CMHS Hotel History: Hotel Roanoke, Roanoke, Va (332 rooms) Roanoke was a little town named Big Lick when enterprising railroad magnate Frederick J. Kimball chose it as the site of a major railroad juncture. After Kimball combined two of his railroads into the Norfolk and Western Railroad, he built a comprehensive community with the Hotel Roanoke as its grand centerpiece. Built in a wheat field on a little hill, the Hotel Roanoke began as a rambling wooden structure of less than three dozen rooms. As the city grew, the railroad consistently provided resources for hotel additions, remodeling and furnishings to maint...
Despite Growth, Lodging Turns Cautious
Virginia Tech | April 13, 2016
by Daniel Lesser The US lodging market has experienced its 72nd consecutive month of positive albeit decelerating growth in revenue per available room (RevPAR). Modest US job and wage growth as well as strong consumer spending endure, however, during the past several months, fear of a global economic downturn coupled with investor perception that the lodging industry has peaked has for now rendered the sector a dimming star. Hotel investment sales and financings are taking longer to complete as apprehension about achievable debt levels has widened mortgage spreads and lender underwriting has become increasingly rigorous. Additional unce...
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