Hotels

LOS ANGELES-Locally based Hilton and other big names downgraded by UBS Warburg. Concerns include slowdown in revenue growth and travel cutbacks initiated by some large corporations.

PORTLAND-Occupancy dropped last year as the market continued to soak up five new hotels in the past four years. So far this year, hoteliers in select areas are sounding a little happier. Then again, more hotel rooms are on the way.

ORLANDO-Prudential Real Estate Investors and Heller Financial get $47 million for the 15-story, 393-room property, one of the first non-Disney-owned hotels to be built at the Lake Buena Vista, FL attraction in 1972.

PHOENIX-Downtown's largest hotel is for sale, and the owners, who have put $20 million in improvements into the property, are looking for offers in the nine-figure range.

NEW YORK CITY-Most of the 811,182-sf building, which is 99% leased, is occupied by Mellon Bank. The class-A facility earned a National Preservation Honor Award after if was renovated.

LOS ANGELES-Hotel giant signs sweeping affiliation agreement with Mexican chain, one of Hilton's most ambitious steps yet to expand into the lucrative market.

RICHARDSON, TX-The Renaissance Richardson, under construction since November 1999, has reached a milestone in its construction schedule, which is on track for a May 2001 opening. The hotel, John Q. Hammon's first Renaissance in Texas, has decided to start its 2001 dance card

WHITE PLAINS-Starwood Hotels and Resorts Worldwide Inc. has joined with Mexico developer Grupo Plan Planificacion SA de CV, to build a W Hotel property in Mexico City.