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Service Properties Trust Completes Transfer of 99 Hotels to Sonesta
Service Properties Trust | December 2, 2020
NEWTON, Mass.---Service Properties Trust (Nasdaq: SVC), or SVC, today announced that it has completed the transition of branding and management for 99 hotels to subsidiaries of Sonesta International Hotels Corporation, or Sonesta, from InterContinental Hotels Group plc, or IHG. Three additional hotels located in Canada and Puerto Rico will transition to Sonesta in mid-December and one hotel located in Atlanta, GA will continue to be managed by IHG. SVC entered short term agreements with Sonesta to manage the 99 hotels that expire on December 31, 2021. These 99 hotels are now operated under the Royal Sonesta, Sonesta and Sonesta ES Suites
Hilton Plans Three New Hotels in Portugal
Hilton | December 2, 2020
LISBON and MACLEAN, Va. - Hilton (NYSE: HLT) today announced plans to double its portfolio in Portugal with agreements to open three new hotels, representing a combined investment of around EUR 60 million. The additions of Hilton Porto Gaia, Legacy Hotel Cascais, Curio Collection by Hilton and DoubleTree by Hilton Lagoa Azores mark a significant milestone for Hilton and underscore the company’s confidence in the Portuguese market. Patrick Fitzgibbon, Senior Vice President, Development, EMEA, Hilton, said: “With more than 24 million visitors last year, Portugal is perfectly positioned to capture pent-up consumer demand as internation
The Ven at Embassy Row Expected to Debut January 2021 in Washington, D.C.
Tribute Portfolio | December 2, 2020
An exciting new addition to Washington, D.C.’s famed Dupont Circle, The Ven at Embassy Row, Washington, D.C., a Tribute Portfolio Hotel plans to begin welcoming guests in January 2021. Located in an area known for its art, culture, cuisine and embassies, this boutique property will feature 231 guestrooms and suites overlooking Embassy Row’s stately mansions, and will be reflective of the vibrant neighborhood it calls home. Offering style and international flair in a sophisticated yet comfortable environment, The Ven will implement various elements and touchpoints reflective of the Danish and Norwegian concept of hygge; design meant to e
Aimbridge Hospitality’s International Division Assumes Management of 31 Hotels in the United Kingdom
Aimbridge Hospitality | December 2, 2020
Interstate Hotels & Resorts selected to manage Jupiter Hotels’ UK portfolio [PLANO, Texas – December 2, 2020] Aimbridge Hospitality, the leading, global, third-party hotel management company, has announced that its international division, Interstate Hotels & Resorts, is managing 31 Jupiter Hotels located across the United Kingdom this month, operating its entire U.K. portfolio. Mike Deitemeyer, President and CEO-elect of Aimbridge Hospitality, said, “Aimbridge is very pleased to see continued momentum in our International division. Our deep operating acumen and vast experience across all hospitality verticals have continued t
U.S. Hotel Profitability Improved in October
STR | December 2, 2020
BROOMFIELD, Colorado—U.S. hotel profitability hit double figures for the first time since February, and year-over-year comparisons improved slightly from the previous month, according to STR‘s October monthly P&L data release. In a year-over-year comparison with October 2019, the industry reported the following: GOPPAR: -88.3% to US$12.69 TRevPAR: -72.2% to US$70.96 EBITDA PAR: -103.8% to US$-3.24 LPAR (Labor Costs): -61.1% to US$31.28 The industry’s GOPPAR was in single digits for the previous three months, including a level of US$8.14 in September. “There were positives in the profitability data even as
Crestline Selected to Manage Three Massachusetts Hotels
Crestline Hotels & Resorts, LLC | December 2, 2020
FAIRFAX, VA – December 2, 2020 – Crestline Hotels & Resorts, LLC (“Crestline”) announced today that they have been selected to manage three Massachusetts hotels—the 112-guest suite Residence Inn Boston Marlborough, the 108-guest suite Residence Inn Boston Westford, and the 110-guest room Hampton Inn & Suites Westford-Chelmsford. “We continue to experience record growth as a direct result of our recognition as one of the most competent and successful third-party hospitality management companies,” said James Carroll, President & CEO of Crestline. “We are pleased to continue to expand our
The Outlook for Hospitality, Part 3: Technology Vendors Reveal the Solutions That are Helping the Industry Recover
Fran Worrall | December 2, 2020
By Fran Worrall Last week, in Part 2 of our series on the outlook for hospitality, we asked some of the industry’s leading technology vendors the following question: How has your company pivoted to meet the new demands the industry is facing? Overwhelmingly, the vendor community has risen to meet the challenges surrounding the pandemic, responding in a variety of creative ways—from offering clients free or discounted services to speeding the development of solutions that provide safe alternatives for guests and support long-term recovery. This week, in Part 3 of our series, more than 30 leading hospitality technology vendors reve
Benchmark® Appoints Jay Sheldon General Manager for The Equinox Golf Resort & Spa
Equinox Golf Resort & Spa | December 2, 2020
The Woodlands (Houston), Texas, December 2020… BENCHMARK®, a global hospitality company, has named Jay Sheldon general manager for The Equinox Golf Resort & Spa, a Gemstone Collection property located in Manchester Village, Vermont. Greg Champion, Benchmark’s president & COO, made the announcement. "It is a pleasure to welcome Jay to Benchmark and to this magnificent resort,” said Mr. Champion. “He comes to us with strong leadership and operational experience gained at first rate properties and for major luxury brands over the past couple of decades. Jay is the ideal professional to lead The Equinox into a promisi