{"id":1004103630,"date":"2014-09-12T07:07:13","date_gmt":"2014-09-12T15:07:13","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004103630"},"modified":"2022-12-05T09:21:57","modified_gmt":"2022-12-05T17:21:57","slug":"lasalle-hotel-properties-to-sell-newport-asset-for-77m","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/","title":{"rendered":"LaSalle Hotel Properties to Sell Newport Asset for $77M"},"content":{"rendered":"<p><em>By Gail Kalinoski, Contributing Editor<\/em><\/p>\n<p>LaSalle Hotel Properties has agreed to sell the luxury, 208-key Hotel Viking in Newport, R.I., for $77 million. The deal could close this week.<a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004103639\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/hotelviking-2\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg\" data-orig-size=\"1024,681\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"HotelViking (2)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg?w=1024\" class=\"alignright size-medium wp-image-1004103639\" alt=\"HotelViking (2)\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg\" width=\"300\" height=\"199\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg?resize=768,511 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><\/p>\n<p>Neither the Bethesda, Md.-based REIT nor JLL\u2019s Hotels &amp; Hospitality team, which handled the transaction, disclosed the buyer\u2019s name. However, the Providence Journal newspaper reported the buyer is Loan Star Global, a Dallas private equity fund.<\/p>\n<p>LaSalle said it had paid $27 million for the hotel, located on Bellevue Avenue near Newport\u2019s famous mansions, in June 1999.<\/p>\n<p>\u201cHotel Viking was an excellent long-term investment for us,\u201d Michael Barnello, president &amp; CEO of LaSalle Hotel Properties, said in a statement. \u201cUpon closing, the asset will have delivered an unleveraged IRR of 10.7 percent and an average cash-on-cash yield of 8.6 percent over 15 years.\u201d<\/p>\n<p>Proceeds of the sale will be used to reduce borrowings on the company\u2019s senior unsecured credit facility. LaSalle is also executing a reverse 1031 exchange with <a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/west\/lasalle-acquires-san-franciscos-hotel-vitale-for-130m\/1004094133.html\">Hotel Vitale, a 200-key hotel in San Francisco it bought in April for $130 million.<\/a><\/p>\n<p>Managing Director Robert Webster and Executive Vice President Tim Southard led the JLL Hotels &amp; Hospitality team on the transaction.<\/p>\n<p>\u201cHotel Viking is an independent hotel located in the heart of the high-barrier-to-entry Newport market,\u201d Webster said in a statement. \u201cThe property\u2019s status as a premier leisure destination coupled with the overall resurgence of corporate group travel will continue to drive strong performance for the new investors.\u201d<\/p>\n<p>The four-story hotel was built in 1926. It has 14,000 square feet of meeting space, two food and beverage outlets, a spa, an indoor swimming pool and fitness center. The hotel is a short walk from Newport Harbor, restaurants, retail and other attractions.<\/p>\n<p>It is the second hotel the REIT has sold this year. <a href=\"https:\/\/www.commercialsearch.com\/news\/property-types\/hospitality\/lasalle-hotel-properties-wraps-93m-sale-of-hilton-alexandria-old-town\/1004098721.html\">In June, LaSalle closed on the disposition of the Hilton Alexandria Old Town in Alexandria, Va., selling it for $93 million to an unidentified buyer.<\/a> The REIT paid $59 million for it in May 2004.<\/p>\n<p>Once the Newport deal closes, LaSalle will own 44 hotels. The properties are upscale, full-service hotels totaling more than 11,100 guest rooms in 13 markets in nine states and Washington, D.C. The company focuses on owning, redeveloping and repositioning upscale, full-service hotels in urban, resort and convention markets including New York City, Chicago, Boston, Philadelphia, San Diego and Indianapolis. The Hotel Vitale purchase was the sixth San Francisco asset for LaSalle.<\/p>\n<p>\u201cThe U.S. hotel sector will record another year of strong growth in room demand and room revenue,\u201d according to the Marcus &amp; Millichap Hospitality Research national report for midyear 2014. \u201cGreater business spending and leisure travel will underpin a 2.9 percent rise in room nights during 2014, topping last year\u2019s gain of 2.2 percent.\u201d<\/p>\n<p>The Marcus &amp; Millichap report credits the expanding economy as a major contributing factor to the improvement in the hospitality sector. The report stated GDP growth is expected in the 3 percent range this year.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LaSalle Hotel Properties has agreed to sell the luxury, 208-room Hotel Viking in Newport, R.I., for $77 million.<\/p>\n","protected":false},"author":1068,"featured_media":1004103639,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21751,21783,21742,10],"tags":[],"class_list":["post-1004103630","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-hotel","category-investment","category-latest","category-northeast"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>LaSalle Hotel Properties to Sell Newport Asset for $77M - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"LaSalle Hotel Properties to Sell Newport Asset for $77M\" \/>\n<meta property=\"og:description\" content=\"LaSalle Hotel Properties has agreed to sell the luxury, 208-room Hotel Viking in Newport, R.I., for $77 million.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2014-09-12T15:07:13+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-05T17:21:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"681\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Gail Kalinoski\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/\"},\"author\":{\"name\":\"Gail Kalinoski\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"headline\":\"LaSalle Hotel Properties to Sell Newport Asset for $77M\",\"datePublished\":\"2014-09-12T15:07:13+00:00\",\"dateModified\":\"2022-12-05T17:21:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/\"},\"wordCount\":488,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/HotelViking-2.jpg\",\"articleSection\":[\"Featured\",\"Hotel\",\"Investment\",\"News\",\"Northeast\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/\",\"name\":\"LaSalle Hotel Properties to Sell Newport Asset for $77M - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/HotelViking-2.jpg\",\"datePublished\":\"2014-09-12T15:07:13+00:00\",\"dateModified\":\"2022-12-05T17:21:57+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/HotelViking-2.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2014\\\/09\\\/HotelViking-2.jpg\",\"width\":1024,\"height\":681},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"LaSalle Hotel Properties to Sell Newport Asset for $77M\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/fc5b5df1393e5023d2417bd48c2fda57\",\"name\":\"Gail Kalinoski\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2023\\\/04\\\/Gail-Kalinoski-headshot.jpeg?w=86\",\"caption\":\"Gail Kalinoski\"},\"description\":\"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/gail-kalinoski\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"LaSalle Hotel Properties to Sell Newport Asset for $77M - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/","og_locale":"en_US","og_type":"article","og_title":"LaSalle Hotel Properties to Sell Newport Asset for $77M","og_description":"LaSalle Hotel Properties has agreed to sell the luxury, 208-room Hotel Viking in Newport, R.I., for $77 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2014-09-12T15:07:13+00:00","article_modified_time":"2022-12-05T17:21:57+00:00","og_image":[{"width":1024,"height":681,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg","type":"image\/jpeg"}],"author":"Gail Kalinoski","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/"},"author":{"name":"Gail Kalinoski","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"headline":"LaSalle Hotel Properties to Sell Newport Asset for $77M","datePublished":"2014-09-12T15:07:13+00:00","dateModified":"2022-12-05T17:21:57+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/"},"wordCount":488,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg","articleSection":["Featured","Hotel","Investment","News","Northeast"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/","url":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/","name":"LaSalle Hotel Properties to Sell Newport Asset for $77M - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg","datePublished":"2014-09-12T15:07:13+00:00","dateModified":"2022-12-05T17:21:57+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg","width":1024,"height":681},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/lasalle-hotel-properties-to-sell-newport-asset-for-77m\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"LaSalle Hotel Properties to Sell Newport Asset for $77M"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/fc5b5df1393e5023d2417bd48c2fda57","name":"Gail Kalinoski","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2023\/04\/Gail-Kalinoski-headshot.jpeg?w=86","caption":"Gail Kalinoski"},"description":"Kalinoski has been a contributing writer to Commercial Property Executive and Multi-Housing News since 2010 and previously wrote for three years for Commercial Property News. Gail has been a freelance writer and editor for more than 20 years, contributing to daily websites, magazines, weekly business newspapers, market intelligence newsletters, research reports, monthly B-to-B and consumer magazines. Earlier in her career, Gail worked for Gannett Corp. as an editor and reporter for 15 years. Gail has a bachelor\u2019s degree in journalism from Pace University.","url":"https:\/\/www.commercialsearch.com\/news\/author\/gail-kalinoski\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/09\/HotelViking-2.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103630","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/1068"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004103630"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103630\/revisions"}],"predecessor-version":[{"id":1004615433,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004103630\/revisions\/1004615433"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004103639"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004103630"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004103630"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004103630"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}