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Shiji Group and MCR Announce Agreement on the $46 Million Purchase of StayNTouch
Shiji Group | August 31, 2020
Shiji Group announces it's definitive agreement to sell StayNTouch for $46 Million to MCR, the fifth-largest hotel owner-operator in the United States. Shiji Group, a global hospitality technology provider, today announces it has reached a definitive agreement to sell StayNTouch to MCR, the fifth-largest hotel owner-operator in the United States, for the purchase price of $46 Million, including potential earnouts. The much anticipated announcement follows months of negotiations between the two parties after the U.S Administration, in March of 2020, ordered Shiji to divest of StayNTouch, a leading cloud hotel property management system
What Does a Restaurant Manager Do?
EHL | August 31, 2020
One job, many hats Restaurant Managers ensure restaurants run smoothly and efficiently. They seek to provide customers with pleasant dining experiences that live up to brand standards. Their efforts, which include effectively managing employees, are ultimately geared towards safeguarding the profitability of the restaurant. In effect, an RM embodies general management, administration, customer services, human resources, supply chain & procurement, health and safety, compliance, accounting & marketing – all rolled into one. This is particularly true for those working in smaller establishments, who are in frequent contact with bot
Swiss-Belhotel International Opens Swiss-Belhotel Solo, Central Java
Swiss-Belhotel International | August 31, 2020
Swiss-Belhotel International’s Indonesian expansion has continued at pace, with the opening of Swiss-Belhotel Solo, Central Java on September 1st 2020. It is an arresting new property in one of Indonesia’s most charming cities. Nestled in the heart of Central Java just 12km from Adi Sumarmo International Airport, the 252-room, 4-star Swiss-Belhotel Solo is an exceptional upscale hotel providing a full range of facilities for business, leisure and events. It is located on Jalan A. Yani and is surrounded by the city’s most popular retail areas and attractions – placing guests in the centre of the action. Guests can enjoy sumptuous
Swiss-Belhotel International Set to Open Newly Rebranded Swiss-Belinn Wahid Hasyim in Jakarta
Swiss-Belhotel International | August 31, 2020
Swiss-Belhotel International announced a newly rebranded hotel, Swiss-Belinn Wahid Hasyim located in Jl. Wahid Hasyim, Central Jakarta which effectively opens its new door on September 1st, 2020 with new staying experience. Swiss-Belinn Wahid Hasyim is a young and trendy 3-star hotel at the heart of the capital city, Jakarta’s hustle bustle area. It is strategically located in Jl. Wahid Hasyim, just minutes away from the central business district, government offices as well as shopping and trading hubs in Jakarta!. The hotel’s prime CBD location offers great convenience for business and leisure travellers alike, due to its proximity to
Host Hotels & Resorts, Inc. Appoints Sourav Ghosh as Chief Financial Officer
Sourav Ghosh | August 31, 2020
BETHESDA, Md., Aug. 31, 2020 - Host Hotels & Resorts, Inc. (NYSE: HST) (the “Company”), the nation’s largest lodging real estate investment trust, today announced that Sourav Ghosh has been appointed as executive vice president, chief financial officer and treasurer, effective September 1, 2020. Mr. Ghosh currently serves as the Company’s executive vice president, Strategy & Analytics and has held various leadership roles across Host’s corporate finance, strategy, business intelligence and analytics functions since 2009. In his new role, Mr. Ghosh will lead Host's finance function, including Accounting, Tax, Treasury, Inves
Improving Hotel ROI – Thinking Out of Box From Design to Operations
Ajay Mehtani | August 31, 2020
By Ajay Mehtani As an industry there is a need to make hotels more viable. The pandemic has taught us to rethink in this direction and develop hotel assets that can drive higher ROI. It can only be done when we look at making changes from Design to Operations. Ideally, we should make changes to the industry status, compliance cost and interest cost, however, as these are policy matters, we cannot do much ourselves. Meanwhile, cost of construction, cost of operations i.e. the largest expenses related to utilities and manpower, are aspects that can be controlled by the hotel investors, brands and operating teams effectively. Below are a f
Franchised On-Site Hotel Medical Clinics: A New Competitive Advantage for Lodging Operations With Hotels Bridging Healthcare (H2H)
Adel Eldin | August 31, 2020
By Adel Eldin, Frederick DeMicco Introduction With an aging society, and travel and tourism likely to increase post covid-19, would a hotel or resort partnering with an onsite medical clinic (franchise) benefit and provide a competitive advantage to the owners? A case for an Innovative onsite hotel clinic as a potential franchise model in medical travel/tourism for lodging operations could be made. There are some lodging and medical clinic models that already exist. One is RosenCare® and another is ProntoCare. Described below, RosenCare® and ProntoCare may provide a template for onsite medical clinics at hotels and resorts and m
Walt Disney World Swan and Dolphin Resort Celebrated Topping Off of New 14-Story Tower
The Walt Disney World Swan and Dolphin Resort | August 31, 2020
LAKE BUENA VISTA, Fla. – Aug. 31, 2020 – The newest addition to the Walt Disney World Swan and Dolphin Resort has reached a key construction milestone with the topping off of the project’s top floor. The achievement was honored with the installation of a steel beam on the 14th story. As the beam was raised, it carried a tree and an American flag, as is construction industry tradition. The new tower is scheduled to open summer 2021 as a 349-room hotel to complement the iconic Walt Disney World Swan and Dolphin’s two original hotels. The occasion also marks a change to the project’s name. The new tower will now be called The Walt D