Manhattan is a ferocious seller's market for hotels, said John A. Fox, a senior vice president in PKF's hospitality division.

In 2006, the hotels and hospitality divisions of Cendant were spun off into Wyndham Worldwide.

The program was proposed by the hospitality division with an eye toward ecotourism, but the forestry department took the idea and ran with it.

Granada has made no secret of its desire to expand in the media industry through acquisitions and has said it may split up into media and hospitality divisions.

According to Bjorn Hanson, director of the hospitality division of the PricewaterhouseCoopers accounting firm, these hotel policies have been unfolding over three to four years.

Mr. Wilhelm, a 58-year-old Yale graduate, will be president of the merged union's hospitality division.

The company also has a hospitality division.

There, he organized and headed the hospitality division.

Architecturally, it's the sort of hotel Poseidon would have come up with, if he had worked in Disney's hospitality division.

"The economics are extremely compelling," said Bjorn Hanson, the head of PricewaterhouseCoopers's hospitality division.