Word: lunt
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...Hotels are highly sensitive to economic conditions, labor, cost of living and consumer confidence. So, when times are at the lowest like this, it's probably not the best time to go to the market and expect to get a huge payoff," says Mark Lunt, a principal in Ernst & Young's hospitality advisory practice. "It would appear that this is early in the cycle to have a hotel...
...sector should either be booming or be poised for a boom when filing an IPO, adds Lunt. "We've still got 12 to 18 months of negative financial growth and the market is probably not going to reward you any kind of premium...
...Furbees have company. Sales in the once recession-proof vacation-time-share sector have plummeted, and inventory has surged to new highs over the past six months. "It is a buying opportunity," says Mark Lunt, principal of real estate and hospitality transaction advisory services at Ernst & Young. "People are demanding lower prices, and sales folks are slashing prices [by] double digits and offering incentives...
Sales have also slowed in places where the inventory is limited. "The consumer discounts are affecting everybody--even markets like South Beach [Fla.] and Manhattan are seeing weakness, even though there's almost no supply," notes Lunt. "Everybody's income has gotten less, and prices are resetting...
...only children and undiscriminating tourists could love (though the criticism of Disney's last show, Mary Poppins, was somewhat different; the critics found it too heavy, not theme-parky enough.) Disney's latest offering - The Little Mermaid, based on Disney's 1989 animated hit, which opened at Broadway's Lunt-Fontanne Theatre last week - has received the usual fusillade. "Washed Up on Broadway," and "Run for the Lifeboats," ran the New York tabloid headlines. The Times' Ben Brantley, the Scar of the grump brigade, said he "loathed" the whole wretched thing, including even the one aspect of Disney shows that...