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Innovation Is Key to Hotel Recovery

Published Thursday, October 08, 2009

The path back to prosperity for hotels and hotel companies is clear but treacherous, lodging company mogul Fred Malek told an audience of hotel asset managers last week in Arlington, VA. “Innovation is the key,” said Malek, co-chairman of Thayer Lodging Group, during a luncheon address at the fall meeting of the Hospitality Asset Managers Association. “We’ve cut costs as much as we can. Now, the focus is on managing our distribution and maintaining rate discipline.” Malek, whose firm owns 15 properties, recalled the immediate aftermath of the Sept. 11, ...

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