What Hilton has done now is a little bit of a surprise in that some statements made earlier by Hilton were that it seemed that the deal was getting too rich for them,

Pausing amidst robust data contradicts earlier statements that they are data dependent. If you were someone who was looking for the Fed to protect your fixed-income investment, if they pause and they're wrong, inflation pressures can build in that period.

From a consumer standpoint, there's an incredible need for these types of properties in that many travelers to the city are priced out of full-service and luxury hotels.

But they've apparently gone back and analyzed the transaction, analyzed what the real synergies and economies would be of the combined company.

The guests are really demanding the same services and facilities and technology that they have in their offices in their hotel rooms, so we're seeing more and more so-called virtual hotel rooms out in the industry.

Coachella is a magnet for music-biz luminaries such as Tara Reid, Paris Hilton, and Cameron Diaz.