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Survey: 9 in 10 Voters Support Congress Passing Another COVID Relief Bill To Help Distressed Businesses
AHLA | October 13, 2020
WASHINGTON (October 13, 2020) – Americans are concerned about the impact of the coronavirus pandemic on all aspects of the economy, and 90 percent support Congress passing another economic stimulus bill to help distressed small businesses and employees, according to a new survey of registered voters conducted by Morning Consult and commissioned by the American Hotel & Lodging Association (AHLA). A resounding 89 percent agree that Congress should remain in session until reaching an agreement on an economic stimulus package. “Millions of Americans are out of work, and thousands of small businesses are dying,” said Chip Rogers, pres
STR: U.S. Leads in Hotel Openings During Pandemic
STR | October 13, 2020
HENDERSONVILLE, Tennessee—The U.S. opened more hotels and rooms than any country between the beginning of March and end of September, according to global pipeline data from STR. At the same time, the country has shown significant growth in project deferrals and abandonments. As of 1 October, the U.S. opened 521 properties accounting for 55,395 rooms over the seven-month period. Five additional countries have opened more than 2,000 rooms throughout the course of the pandemic. 1. U.S. (55,395 rooms) 2. China (23,470 rooms) 3. Japan (16,304 rooms) 4. Germany (9,027 rooms) 5. Canada (2,748 rooms) 6. United Kingdom (2,481 ro
Twin River Acquires Iconic Bally’s Brand From Caesars Entertainment
Twin River Worldwide Holdings, Inc. | October 13, 2020
PROVIDENCE, R.I., Oct. 13, 2020 - Twin River Worldwide Holdings, Inc. (NYSE: TRWH) (the "Company") today announced that it has purchased the iconic Bally's brand previously owned by Caesars Entertainment, Inc. This acquisition will allow Twin River to maintain the Bally's name for the Atlantic City property that it has agreed to purchase from Caesars Entertainment pursuant to the previously announced purchase agreement and enables the Company to rebrand virtually all of its portfolio properties under the Bally's name and logo. As part of the deal, Twin River has agreed to provide Caesars Entertainment a perpetual license to use the Bally's b
Aimbridge Hospitality Adds 16 Extended Stay America Properties to Management Portfolio
Aimbridge Hospitality | October 13, 2020
PLANO, Texas, Oct. 13, 2020 - Aimbridge Hospitality, the leading, global, third-party hotel management company, announces it has added 16 Extended Stay America properties to its growing portfolio. Aimbridge now manages 36 Extended Stay America properties, with more in the pipeline. This portfolio of Extended Stay America properties has received $5 million of capital improvements in the last two yearsalone and will continue to receive capital improvements into the future from the new ownership group consisting of Lodging Advisory Group and ServiceStar Capital Management, LLC. Lodging Advisory Group (LAG) will serve as the portfolio's
ALICE and Vocera Partner to Improve Hotel Communication and Workflows
ALICE | October 13, 2020
Technology integration to help increase safety for employees and guests New York, NY – Oct. 13th, 2020 -- ALICE, a leading hospitality operations and management platform, now integrates with the hands-free Vocera Badge and Vocera Smartbadge from Vocera Communications, Inc. (NYSE:VCRA), a leader in communication and workflow solutions. Interoperability between ALICE and these intelligent mobile devices enables hotels around the world to improve operational efficiency and increase safety for employees and guests. “Innovative technology is essential for hotels as they adapt to new standards of operating procedures and guest demands in
PI Cap Breaks Ground on First avid Hotel in Canada
IHG | October 13, 2020
ATLANTA, Oct. 13, 2020 IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, announced today the latest in international expansion for its avid™ hotels brand – the groundbreaking for the first Canadian property located in Vaughan, a suburb of Toronto. The property is owned by PI Cap and is part of a robust pipeline of new avid hotels currently under development across Canada. There are more than a dozen avid hotels now open and welcoming guests, including the first property in Mexico, and 90 properties under construction or with plans approved for construction across Canada, the United States and Mexico.
Hospitality Ventures Management Group (HVMG) Opens 104-Room Residence Inn by Marriott Waco/South in Texas
Hospitality Ventures Management Group | October 13, 2020
WACO, Texas - Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel investment, ownership and management company, today announced the grand opening of 104-room Residence Inn by Marriott Waco/South in Texas. The hotel is owned by Ridgeland, Miss.-based Wealth Hospitality Group, a hospitality ownership/development/construction management company. “The Residence Inn by Marriott Waco/South marks our fifth hotel in Texas and our 20th Marriott-branded property,” said Robert Cole, president & CEO, HVMG. “Our familiarity with the market, extended-stay hotels and the Residence Inn brand will allow us to ramp up qu
Chain Affiliation Is on the Rise but Which Hotels Will Rebrand?
EHL | October 13, 2020
Hotels can change brands (i.e. rebrand). An independent hotel may affiliate itself to a chain (or vice-versa), or a branded hotel may change affiliation from one chain to another, or even within a chain. The rebranding trend has been hot in recent years (see Figure 1): between 1990 and 2017, 32% of hotels in the US were rebranded at least once, with some changing their brands up to seven times. Since 2011, on average 1200 hotels (110K rooms) have been rebranded annually. The hotel rebranding trend From 57 hotels (4,445 rooms) in 1992 to 371 hotels (36,074 rooms) in 2017, the number of independent hotels affiliating themselves to a chain h