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Anna Lawrence Joins Hawks Cay Resort as Director of Sales
Hawks Cay Resort | September 28, 2020
DUCK KEY, Fla. – September 28, 2020 – Hawks Cay Resort, an iconic destination resort in the Florida Keys, announces the appointment of Anna Lawrence as the resort’s new director of sales. Having worked in various properties throughout the Florida Keys for nearly a decade, Lawrence brings a deep understanding of the local market and experience implementing innovative sales campaigns. “The ability to create and drive fresh sales campaigns is imperative for the success of Hawks Cay Resort as we continue to adapt to new market trends and traveler preferences,” said Sheldon Suga, Hawks Cay Resort regional vice president and managing d
Hotel CEO Pay For Performance Study 2020
Keith Kefgen | September 28, 2020
By Keith Kefgen, Terry Donovan What a difference 6 months makes. 2020 began with hotel companies coming off one of the strongest years in history and feeling optimistic the good times would continue. Since then, the industry has had widespread closures, massive layoffs, and CEO’s taking significant pay cuts while grappling with a global pandemic. While we will explore the ramifications of this crisis in this article’s conclusion, much of this study is focused on 2019 compensation data. What we have found over the twenty-plus years of studying CEO pay, that boards are still challenged with linking CEO pay to company performance. In f
Property Taxes Post COVID-19
Brian F. Bisema | September 28, 2020
By Brian Bisema, Suzanne Mellen After realizing record-high RevPAR levels with over 100 consecutive months of growth, the lodging industry continued to strengthen through 2019, albeit at a significantly more tempered rate. Then, in the first quarter of 2020, COVID-19 struck. The unimaginable pandemic erased years of RevPAR gains virtually overnight, leaving owners and operators scrambling to strategize the forthcoming steps. While logistics pertaining to reopening hotels, new sanitation standards, and controlling variable operational expenses are on the forefront of hoteliers’ minds, fixed expenses, particularly an asset’s property tax
Harrah’s Resort Southern California Appoints Robert Livingston to General Manager and Senior Vice President of Tribal Development
Harrah’s Resort SoCal | September 28, 2020
FUNNER, CALIF. (September 28, 2020) – Harrah’s Resort Southern California has welcomed Robert Livingston as the resort’s new senior vice president of tribal development and general manager. Livingston has been a valued member of the Caesars Entertainment team for over 29 years, holding eight years of previous experience as assistant general manager of Harrah’s Resort Southern California, followed by time as the senior vice president, general manager of Harrah’s Ak-Chin, where he has led this team for the past 10 years. During the last four years of his tenure at Ak-Chin, Livingston also served as the regional president and liaised w
Luxury Boutique Hotels – a Growing Concept in India
Akash Datta | September 28, 2020
By Akash Datta, Dipti Mohan Luxury boutique hotels and resorts, a widely prevalent concept globally, is still at a nascent stage in India, with very few brands and properties. The increasing desire for experiential travel, by not only the millennials but across different cohorts often looking for unique and exclusive stays, has led to the growing popularity of this concept in the country. So, what are luxury boutique hotels and resorts? The term has evolved over the years, and while there is no standard definition, a luxury boutique hotel is typically a small property with less than 60 keys with its USP being the customized service a
Jackson-Shaw Opens 16-Story AC Hotel Downtown Fort Worth
AC Hotel Fort Worth | September 28, 2020
FORT WORTH (Sept. 28, 2020) – Jackson-Shaw, a national real estate development company headquartered in North Texas, today announced that the 252-room, 16-story AC Hotel Fort Worth is now open. The first AC Hotels by Marriott® to debut in Tarrant County, the highly anticipated property is owned and developed by Jackson-Shaw and managed by Crescent Hotels & Resorts. It is located 101 West 5th Street near Sundance Square on the southwest corner of Main and Fifth Street. “The AC Hotel Fort Worth is designed for creative, well-traveled, visionaries who appreciate a thoughtfully designed space. The hotel features gallery-like art insta
Fairfield by Marriott to Expand Presence in Japan With the Signing of 11 New Hotels
Marriott International | September 28, 2020
Marriott International (Nasdaq: MAR) today announced it has signed an agreement with Japanese real estate developer, Sekisui House, to bring 11 new Fairfield by Marriott hotels to Japan. The agreement expands the collaboration with Sekisui House for the Michi-no-Eki project, adding on to the 15 Fairfield by Marriott hotels signed in 2018. All properties are anticipated to open by late 2022. The signing expects to introduce the Fairfield by Marriott brand to five new prefectures, spanning from the North to South of Japan, including Hokkaido, Hyogo, Okayama, Hiroshima and Kagoshima. The hotels are slated to be built in key locations near roa
Paramount Capital Advisors Welcomes Matt Mitchell to the Team
Paramount Capital Advisors | September 28, 2020
Paramount Capital Advisors is pleased to announce the addition of Matt Mitchell to the team as Managing Director. Mitchell brings over 20 years of experience in commercial real estate, having worked in roles financing complex real estate transactions throughout the U.S. Most recently, Mitchell served as Senior Vice President with Hall Structured Finance (Hall) where his responsibilities included loan origination for their construction and bridge lending program. Mitchell was responsible for executing over $500 million of real estate transactions primarily focused on funding loans for the construction of hotels, multifamily and condo proj