Hotel Industry Profits Continue to Soar

Accelerated growth in fourth-quarter boosts hotel corporations’ overall gains for 2010 – while workers continue to hear recession rhetoric With the release of quarterly and year-end financial reports, it is evident that Blackstone, Starwood, and...

Hotel corporations post major gains in third quarter

November 9, 2010 Money pours into hotel corporations as business travel, occupancy, and room rates rise but workers still not seeing their fare share Last week, Blackstone, Hyatt, and Starwood–the three corporations that own and/or operate eight...

Blackstone talks out of both sides of its mouth

October 19, 2010 Private equity firm forecasts recovery for hotels, recession for hotel workers As workers return to the job at three Blackstone-owned Hilton hotels in San Francisco, Hawaii, and Chicago, Blackstone has broken its silence over the the...

What We’re Up Against

About the San Francisco Hotel Industry San Francisco’s hotel industry consists of about 200 hotels, including 37 upscale properties. In all, the city holds about 33,000 hotel rooms. The majority of San Francisco’s hotel workers are employed by a handful...

The Blackstone Group/Hilton Hotels

According to the Wall Street Journal [Wall Street Pay:  Record $144 Billion, 10/11/2010] , Blackstone projects a 50% in revenue to $2.7 billion this year and expects to give their executives a 12% increase in compensation. The Blackstone Group, the...