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The St. Joe Company and BRW MidGrove Form Joint Venture to Bring the Lodge 30A, a Boutique Hotel, to Seagrove Beach, Florida
The St. Joe Company | August 14, 2020
PANAMA CITY BEACH, Fla. - The St. Joe Company (NYSE: JOE) (“St. Joe”) and BRW MidGrove, LLC (“BRW”) today announced the formation of a joint venture to construct The Lodge 30A, a planned boutique hotel in Seagrove Beach, Florida. Plans call for The Lodge 30A to be located on Scenic County Highway 30A adjacent to Greenway Station, a planned mixed use development. Current plans for The Lodge 30A call for a picturesque three-story hotel with amenities such as a fitness center and outdoor pool. Architecture plans and interior design concepts employ the use of natural materials in a modern way, taking inspiration from the surrounding a
It’s Becoming Survival of the Fittest
Robert Rauch | August 14, 2020
By Robert Rauch Prepare your operations to meet what guests are looking for, and prepare your teams for the realities of today’s environment. Mike Ditka, former NFL star player and coach once said, “Success is not permanent, and failure is not fatal.” Today it is paramount to test, experiment and kill the projects that don’t work. Business models and budgets became obsolete immediately. Culture and teamwork became even more critical as our world got turned upside down. As an owner or operator of a hotel, we are now a full-time coach if we were not before. This requires clarity and focus as some departments have
Allied Hospitality Associations: HFTP and HTNG Offer New Joint Discount for Corporate Members
Hospitality Technology Next Generation (HTNG) | August 14, 2020
Hospitality Financial and Technology Professionals (HFTP®) and Hospitality Technology Next Generation (HTNG) are now offering a joint 20 percent discount for companies joining the two associations at once. The specially-designed vendor programs, HFTP's Corporate Allied Sponsorship and HTNG's Industry Partner program, offer companies access to the numerous services offered by the associations, including unique benefits that help boost company recognition. "HFTP's Corporate Allied Sponsorship not only expands professional development for participants' employees and company recognition; but also increases the depth of HFTP's networ
STR, TE Slightly Downgrade U.S. Hotel Forecast
STR | August 14, 2020
HENDERSONVILLE, Tennessee—Full recovery in U.S. hotel demand and room revenue remains unlikely until 2023 and 2024, respectively, according to the slightly downgraded STR and Tourism Economics forecast just released at the 2020 Hotel Data Conference. “Performance recovery is going to remain slow and well off of the pre-pandemic pace until the context for travel improves and group business begins to return,” said Amanda Hite, STR president. “To show how far levels have fallen year over year, the 40% demand decrease we project for Q3 2020 will be a substantial improvement from the 57% decline realized during Q2. Even with a slight im
Apple Hospitality REIT Acquires Hyatt House and Hyatt Place in Tempe, Arizona for $64.6M ($249K Per Key)
Apple Hospitality REIT, Inc. | August 14, 2020
RICHMOND, Va. - Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today announced the opening and acquisition of the new 105-room Hyatt House and 154-room Hyatt Place in Tempe, Arizona (the “Hotels”), for a gross purchase price of approximately $64.6 million, or approximately $249,000 per key. “We are pleased to enhance the diversification of our portfolio with the acquisition of these newly developed Hotels in the dynamic Tempe market,” said Nelson Knight, President, Real Estate and Investments of Apple Hospitality. “Ideally located on the Tempe campus of Arizona State University near prem
New Renaissance Milwaukee West Hotel Opens in Wauwatosa, Wisconsin
Renaissance Milwaukee West Hotel | August 14, 2020
WAUWATOSA, Wis. (August 2020) – Providing a new, luxurious destination in Milwaukee’s metropolitan area, Renaissance Milwaukee West, 2300 N. Mayfair Rd., Wauwatosa, announces it has officially opened to the public, inspiring community confidence that the hospitality industry is making a return. Nestled in the heart of Milwaukee’s western neighbor, just minutes from downtown, Renaissance Milwaukee West serves as a unique hub for both travelers and locals, alike, within convenient proximity to businesses including Milwaukee County Research Park, Medical College of Wisconsin and several other large and small corporations. Guests staying at
LNW Hospitality Celebrates Topping Out of Dual-Branded Courtyard by Marriott & Residence Inn by Marriott on Jekyll Island, GA
LNW Hospitality | August 14, 2020
August 14, 2020 - LNW Hospitality and New Castle Hotels, the developers of the new dual-branded Courtyard/Residence Inn coming to Jekyll Island, announced the formal topping out of the building. This important construction milestone, the completion of the support structure of the roof, was marked by a ceremony on site. The 209-key property, scheduled to open in the spring of 2021, features 120 Courtyard by Marriott rooms and 89 Residence Inn by Marriott rooms. Sitting on 5.8 acres of oceanfront land, this hotel will provide an exceptional guest experience. Amenities include the largest pool on Jekyll Island, a large hot tub, a splash pad
Daryn Hudson Appointed General Manager of New Four Points by Sheraton Phuket Patong Beach Resort
Four Points by Sheraton | August 14, 2020
Award-winning Australian hotelier to head-up 600-key new property to open in Phuket’s main tourism district in October 2020 Bangkok, Thailand, 14 August 2020 – Four Points by Sheraton Phuket Patong Beach Resort has announced the appointment of Daryn Hudson as its General Manager, ahead of the hotel’s opening in October 2020. A highly-skilled hospitality professional, Daryn brings a wealth of experience to the role, having joined Marriott International for the first time in 2005 as Director of Food & Beverage at the Surfers Paradise Marriott Resort & Spa. He has gone on to become one the company's most highly-