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Hurricane Laura Displacements Create Hotel Demand in Louisiana and Texas
STR | September 8, 2020
HENDERSONVILLE, Tennessee—Evacuations and displacements due to Hurricane Laura created hotel demand in markets throughout Louisiana and Texas last week, according to an analysis by STR. During the week of 23-29 August, Louisiana hotel occupancy rose 35.9% from the prior week to an absolute level of 55.7%. Texas hotel occupancy improved 17.0% to a level of 54.4%. “Different from the past natural disasters that have led to widescale evacuations, Hurricane Laura hit at a time when hotel performance is incredibly low because of the pandemic,” said Jan Freitag, STR’s SVP of lodging insights. “Usually with these analyses, we see dem
American Hotel Income Properties REIT LP Appoints Jonathan Korol as New CEO
American Hotel Income Properties REIT LP | September 8, 2020
VANCOUVER, BC, Sept. 8, 2020 - American Hotel Income Properties REIT LP ("AHIP") (TSX: HOT.UN, HOT.U and HOT.DB.U) is pleased to announce that Jonathan Korol has been appointed its Chief Executive Officer effective October 7, 2020. Mr. Korol is a proven leader who brings a deep understanding of the North American hotel industry gathered over decades as an owner, operator and asset manager, making him the ideal candidate to assume the role of CEO. Mr. Korol comes to his new role from SilverBirch Hotels & Resorts ("SilverBirch"), where he has been President since February 2017. At SilverBirch, Jonathan oversaw one of Canada's largest
hotelAVE Appoints Chris Hague as Chief Operating Officer
hotelAVE | September 8, 2020
PROVIDENCE, R.I., Sept. 8, 2020 - Hotel Asset Value Enhancement (hotelAVE), the premier hotel asset management company, today announced the appointment of Chris Hague as Chief Operating Officer. Chris will play a critical role in overseeing operations, furthering the company's commitment to exceeding client and partner expectations. The announcement was made by Michelle Russo, Chief Executive Officer. "We are honored to welcome Chris to the hotelAVE team, and we are beyond excited to have the privilege of working alongside him," said Russo. "During this pivotal time in the industry, it is imperative that we have a strong team of execut
Caesars and VICI to Sell Harrah’s Louisiana Downs to Rubico Acquisition for $22 Million
Caesars Entertainment, Inc. | September 8, 2020
NEW YORK - Caesars Entertainment, Inc., (NASDAQ: CZR) (“Caesars” or “CZR”) and VICI Properties Inc. (NYSE: VICI) (“VICI Properties” or “VICI”) today announced definitive agreements to sell Harrah’s Louisiana Downs Casino, Racing & Entertainment (“Harrah’s Louisiana Downs”) to Rubico Acquisition Corp. for $22 million. The proceeds of the transactions shall be split $5.5 million to VICI Properties and $16.5 million to Caesars subject to customary adjustments for cash and net working capital. The annual base rent payments under the Regional Master Lease between Caesars and VICI will remain unchanged. The transacti
Hyatt Plans 2022 Opening of 150-Room Thompson Monterrey in Nuevo León, Mexico
Thompson Hotels | September 8, 2020
CHICAGO (September 3, 2020) – Hyatt Hotels Corporation (NYSE: H) announced plans for Thompson Monterrey, the first Thompson hotel in Mexico’s state of Nuevo León. The 150-room lifestyle hotel is expected to open in 2022 and will mark the fourth Thompson-branded property in Mexico. “Thompson Monterrey comes at a time of significant growth for the Thompson Hotels brand and will represent the brand’s entry into a key new market,” said Alfredo Reynoso, director of development, Mexico, Hyatt. “The Thompson brand aligns very well with Monterrey’s position as a business and entertainment destination, and we look forward to intr
IHG Signs With Evalona Limited for Two New-Build Hotels in Bangladesh
IHG | September 8, 2020
InterContinental Hotels Group® (IHG), one of world’s leading hotel companies, has signed a management agreement with Evalona Limited for two new build hotels in Bangladesh. The 200-room Holiday Inn Resort Kuakata is due to open in early 2026 and the 150-rooms Crowne Plaza Kuakata will open its doors to guests in Q1 2028. Located on the second largest beach in Bangladesh, both hotels will be best in class products in the country. Affirming an optimistic mid-long-term outlook despite on the ongoing global pandemic, this marks the third signing across four hotels for IHG in the SWA region since Q2 2020. Located approximately 280 kms fro
The Future of Hotel Call Centers
Travel Outlook Hotel Reservation Call Center Services | September 8, 2020
Why Outsourcing May Be in Your Hotel's Best Interest As hotels slowly reopen in parts of the US, it’s time to question the future role of hotel call centers. In the following interview, we’re speaking with Travel Outlook’s CEO John Smallwood and its Vice President Operations Brett Puffenberger, about the challenge’s hotel-based call centers are facing today and in the coming months and maybe years. Can you talk about the challenges’ hotel-based call centers are facing today? John: A major issue for hotels that are starting to reopen is having enough on-property staff to field incoming calls. A lot of hotels still have employe
IHG® Hotel Awards Recognize Excellence of More Than 700 Hotels Across the Americas
IHG | September 8, 2020
Since the start of the Covid-19 pandemic, IHG and IHG-branded hotels have worked to best support local communities in their overall response efforts. In the spirit of this commitment, IHG is making donations to local food bank charities across the Americas in honor of award-winning hotels. These donations will support people in the community facing economic challenges due to Covid-19, including those in the hard-hit hospitality industry. Elie Maalouf, Chief Executive Officer, Americas, IHG, said: “At IHG, the strength of our brands comes from the tireless efforts of dedicated local hotel teams who bring these experiences to life for our gu