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McNeill Hotel Company Taps Everardo Montenegro as General Manager at Home2 Suites by Hilton Gainesville Medical Center
McNeill Hotel Company | August 19, 2024
Germantown, Tennessee — August 19, 2024 — Germantown, TN- based McNeill Hotel Company (MHC) recently named Everardo Montenegro as General Manager at its Home2 Suites by Hilton Gainesville (FL) Medical Center property. MHC President Travis Murray made the announcement. A native of Panama City, Panama, Everardo Montenegro joins MHC with more than 20 years of hospitality experience, starting his career as a personal butler for Bristol Panama, the first luxury hotel in Panama in 1997. while studying hospitality management at the leading university of hospitality studies in Panama City, Universidad Interamericana de Panama. Upon graduatio
Rockbridge Acquires Hyatt House Chicago West Loop / Fulton Market
Rockbridge | August 19, 2024
COLUMBUS, Ohio – August 19, 2024 – Owner and developer Rockbridge announced the acquisition of the 200-room Hyatt House Chicago West Loop / Fulton Market. The Hyatt House hotel is located near Chicago’s downtown West Loop and Fulton Market, a premiere hub for corporate campuses including McDonald’s global headquarters as well entertainment, restaurants, and nightlife. The hotel is a home away from home for both business and leisure guests who are visiting the city and seeking to experience the unique culture and features that define Chicago. Fulton Market has rapidly grown into the premier destination for office, residential, re
Four Seasons Resort Mallorca at Formentor Welcomes Guests, Introducing a New Chapter for the Storied Destination and Historic Landmark
August 19, 2024
In the heart of a vast private estate with carefully restored gardens, seaside woodlands, rugged cliffs and secret beaches, a former hideout for the glitterati has reemerged as a sustainable and soulful luxury holiday destination that retains its glam-chic charm. Welcome to the inaugural season at Four Seasons Resort Mallorca at Formentor. “With our legacy of reviving legendary hotels with a respectful approach to modernization, we are very pleased to add Hotel Formentor to our portfolio of historic European properties that have been restored and enhanced as a new Four Seasons experience,” says Rainer Stampfer, Four Seasons President
HVS U.S. Hotel Development Cost Survey 2024
Luigi Major, MAI | August 19, 2024
By Luigi Major In 2023, the national lodging market continued to achieve high performance levels. While occupancy growth was minimal, compared to the level achieved in 2022, average daily rate (ADR) and revenue per available room (RevPAR) reached all-time highs. This robust performance reflects a strong recovery and growth trajectory following the disruptions caused by the COVID-19 pandemic. Data for 2024 illustrate that the hotel industry has continued to experience minimal improvements in key performance metrics. Despite occupancy remaining relatively flat, both ADR and RevPAR have shown continued growth thus far this year. These healthy
Hyatt Completes Sale of Hyatt Regency Orlando for $1.07 Billion
Hyatt Hotels Corporation | August 19, 2024
CHICAGO (August 19, 2024) – Hyatt Hotels Corporation (NYSE:H) today announced that an affiliate of Hyatt has completed the sale of the 1,641-room Hyatt Regency Orlando and adjacent 45 acres of land to affiliates of RIDA Development Corporation and an Ares Management Real Estate fund (“Ares”) for approximately $1.07 billion, while retaining a long-term management agreement under the Hyatt Regency brand. In connection with the transaction, Hyatt retained $265 million of non-controlling preferred equity and provided an additional $50 million of seller financing for the adjacent 45-acre parcel. The sale of Hyatt Regency Orlando is
Italian Hotel Group, The Hospitality Experience, Opens Borgo dei Conti Resort in Umbria
Borgo dei Conti Resort | August 19, 2024
UMBRIA, ITALY - Borgo dei Conti Resort is a 40-room & suite luxury resort located in the heart of Umbria, Italy. The estate is surrounded by 40 acres of picturesque olive groves and lush forestland - immersing guests in the scenic Italian countryside. Designed by Milanese firm Spagnulo and Partners, Borgo dei Conti Resort’s design scheme pays homage to Umbria’s history with the use of rich color palettes inspired by the work of iconic Renaissance painters such as Pietro Perugino and Raffaello Sanzio da Urbino (a.k.a Raphael), complemented by traditional architecture dating back to the 19th century and native materials that are harmoni
Radisson Salt Lake City Downtown Appoints Kate Eckhardt as Director of Sales and Marketing
Radisson Salt Lake City Downtown | August 19, 2024
Salt Lake City, UT [August 19, 2024] – Radisson Salt Lake City Downtown, proudly announces the appointment of Kate Eckhardt to the role of Director of Sales and Marketing. Nestled in the heart of downtown, just steps from the Salt Palace Convention Center and the Delta Center, this newly-updated hotel features 381 rooms and 15,000 square feet of versatile meeting space. With over 30 years of hospitality expertise, Eckhardt will leverage the hotel's modern amenities and prime location to attract both business and leisure travelers. At Radisson Salt Lake City Downtown, Eckhardt will lead a team of eight sales and convention services professi
Mike McLeod Named General Manager for Hilton Portland Downtown and The Duniway, a Hilton Hotel
Hilton Hotels & Resorts | August 19, 2024
Portland, Oregon - August 19, 2024 – Hilton Portland Downtown and The Duniway are proud to announce the appointment of Mike McLeod returning to the hotel complex as general manager. Situated in downtown Portland, close to the Portland Art Museum, Arlene Schnitzer Concert Hall, Pioneer Courthouse Square, McLeod will be responsible for overseeing the performance of the 782-room Hilton Complex with over 47,700 sq ft of meeting and event space, and three restaurant outlets. With an impressive career spanning over forty years in the hospitality industry, McLeod brings vast experience and a track record of proven accomplishments to his most