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Hyatt Regency Aruba Resort Spa and Casino Appoints Denise Florio as Director of Sales, Marketing and Events
Hyatt Regency Aruba Resort Spa & Casino | October 27, 2020
PALM BEACH, Aruba (October 27, 2020) – Hyatt Regency Aruba Resort Spa and Casino is pleased to announce the appointment of Denise Florio as Director of Sales, Marketing and Events. Throughout her 16-year career, Florio has worked with several Hyatt properties as well as helped develop hundreds of sales professionals. The resort has been one of Florio’s family vacation destinations for over a decade and her familiarity and love of the property are evident in her enthusiasm in taking on this new role. Florio brings her expertise and knowledge of the northeast market to oversee the sales and events teams, and assist in improving overall r
U.S. Hotel Profit Stuck in Neutral; Rest of World Switches Gears
HotStats | October 27, 2020
Bouncing back to profitability is proving a Sisyphean task for U.S. hotels. The rest of the world is having a slightly easier path. For the seventh consecutive month, U.S. hotels in September remained in negative gross operating profit per available room territory and at $-9.19, it was a 34% regression from the month prior and a 109.6% year-over-year decrease, according to new data from HotStats. September and into October are typically strong months for U.S. hotels, but the data show that YOY comparison is becoming less and less reliable as the pandemic soldiers on. Dwindling profit appears to be a function of unrelenting expenses,
Japan Regional Markets: Recovery Leaders
STR | October 27, 2020
As entry restrictions for international travelers in Japan remain in place, new trends in hotel performance have emerged. Recent data suggests a distinct preference for regional destinations, helped in part by the Japanese government’s “Go to Travel” campaign to promote domestic travel and help boost local businesses. But while regional markets are leading the recovery in the country, levels remain well below pre-pandemic levels with full recovery not expected for years. Regional markets: Where does recovery stand? As we’ve seen in other markets around the globe, regional markets in Japan are leading the recovery as key cities l
Hersha Hospitality’s Independent Collection Partners With Duetto
Duetto | October 27, 2020
Leading hospitality investment firm selects Duetto's Revenue Strategy Platform for its collection of luxury and lifestyle hotels. San Francisco, October 27, 2020 — Hersha Hospitality Management (HHM) has deployed Duetto's Revenue Strategy Platform across its entire Independent Collection, a growing portfolio of boutique, lifestyle, and luxury hotels across the United States. HHM is one of the fastest-growing management, investment, and development firms in the hospitality sector, with 135 hotels and more than $1 billion in managed revenues. The "Independent Collection," which represents its luxury and lifestyle division, has 20 p
EOS Investors Acquires Viceroy L’Ermitage Beverly Hills
EOS | October 27, 2020
NEW YORK, Oct. 27, 2020 - EOS Investors LLC ("EOS"), a privately held real estate investment firm, today announced its acquisition of Viceroy L'Ermitage Beverly Hills, a 116-suite luxury hotel located in Beverly Hills, California, one of the most prominent residential, commercial, and travel destinations in the world. "We are excited for the opportunity to expand the EOS portfolio with a world-class property in an unparalleled luxury hotel destination such as Beverly Hills," said Jonathan Wang, President of EOS Investors. "In a market that boasts one of the largest concentrations of Forbes Five Star properties in the world, Viceroy L'Ermi
EHL Launches European Hotel Transaction Price Index
René-Ojas Woltering | October 27, 2020
By Dr René-Ojas Woltering EHL’s Real Estate, Finance & Economics Institute presents the first edition of the European Hotel Transaction Price Index. This project aims to contribute to increased transparency in the European hotel industry by publishing the index on an annual basis. This first edition of the index is based on a total of 1247 hotel transactions across Europe between 2007 and 2019. In 2019, European hotel transactions prices increased by 7.7% vs. the prior year on the back of a record transaction volume of EUR 25.6 bn. For the first time, the index clearly surpassed its previous peak from 2007. While the 2019 version o
Avison Young Announces Weekly Open Forum Results
Avison Young | October 27, 2020
ATLANTA – October 27, 2020 – Two weeks ago, Avison Young Hospitality Group launched a weekly virtual forum for every Monday at 2pm eastern time running through the end of the year. The main focus of the 45-minute virtual forum is to answer live questions from the participants who are private and public hotel investors, lenders, owners and operators. The hotel investment world has changed since COVID and we want to be a resource to the marketplace. Keith Thompson said, “This forum is not a sales pitch for our company. It is simply a resource. With hundreds already registered for each Monday, the questions and answers seem to be driven
Cox Business’ Blueprint RF Launches Upgraded Wi-Fi Network Platform
Blueprint RF | October 27, 2020
DG2 is redefining Hospitality WiFi with enhanced capabilities and comprehensive modern architecture ATLANTA, Oct. 27 2020 – Blueprint RF, a Cox Business company, today announced the launch of its new all-in-one hospitality WiFi platform – DG2. Built with the needs of modern hotels in mind, this out-of-the-box solution integrates network appliances into one a single architecture that works in unison for a more dynamic, cost-effective and energy-efficient hospitality solution. The new DG2 platform is highly improved with better, stronger and faster performance. “No matter where guests are during their stay, DG2 gives them the high