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IHG Debuts EVEN Hotels in China With Opening of EVEN Hotel Nanjing Yangtze River
IHG | June 15, 2020
IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has opened the doors to the its first EVEN® Hotels property in Greater China. The unveiling of the hotel in the heart of Nanjing, China marks the first EVEN Hotel in Asia and outside of the Americas. Since the first EVEN Hotels opening in 2014, IHG’s lifestyle and wellness offering is designed to meet the large and growing demand for wellness-minded travellers and help them maintain their balance on the road. The 172-room EVEN Hotel Nanjing Yangtze River, located near the National Green Bay Wetland Park and Youth Olympic Stadium, is equipped with wellne
Hospitality Financial Leadership – Separation of Duties – Part 2
David Lund | June 15, 2020
By David Lund In the business world protecting your assets is a critical strategy. Without it you are open to “things” happening that can cost you a fortune. I was trained with the concept of the separation of duties as a foundation so in some respects I take it that everyone else has the same perspective. Recently I worked with a client that showed me just how far things can go awry when you put your trust in someone and you fail to have the proper separation and oversight. Now I know you’re thinking two or three things right now. David is very distrusting, and he has no idea who I have looking after my affairs and besides that w
“She Has a Deal” Announces Pitch Competition Finalists
She Has a Deal | June 15, 2020
McLEAN, Va., June 15 ,2020—Officials of “She Has a Deal,” an annual hotel investment pitch competition for early-career women, today announced its five finalists selected to advance to the final round to compete for the prize of $50,000 in hotel deal equity. During the preliminary judging round, 14 teams comprised of 28 participants pitched their hotel investment acquisition or development plans live on Zoom to a judging panel of top-level hotel business executives, entrepreneurs and investors. The judges evaluated and selected the following five teams: CityTerrace Ventures: Nancy Guzman and Marlene Reyes from Cornell Univer
Hotel Equities and Virtua Partners Open Courtyard by Marriott in Downtown Winston-Salem
Courtyard by Marriott | June 15, 2020
WINSTON-SALEM, N.C. — June 15, 2020 — Today, Hotel Equities (HE) announced the Courtyard by Marriott Winston-Salem Downtown has officially opened its doors in downtown Winston-Salem, North Carolina. The new custom-designed, 126-room hotel is located at 640 West Fourth Street and features a rooftop bar with a view of the West End and historic Winston-Salem skyline. The hotel is owned by global private equity group Virtua Partners and affiliated hotel operators, Hotel Equities. Hotel Equities also provided Development Services for the hotel. General Manager Arnika Addison leads the day-to-day operations of the hotel, serving alongside Direc
Prioritizing the Need for Guestroom-Centric Experiences in a Post COVID-19 World
Bartech | June 15, 2020
LAS VEGAS — JUNE 15, 2020 — From implementing strict cleanliness procedures to reshaping the way that services and amenities are offered, it’s clear that the hotel industry has experienced a seismic shift and will look very different as the threat of COVID-19 subsides and guests begin to return. One thing hoteliers can be sure of is that the first bookings will come predominantly from business travelers. In fact, recent survey findings from consulting firm Oliver Wyman support this conclusion with approximately three-quarters of business travelers expecting to travel the same amount post-pandemic as they did before, due to an improvemen
Fairfield by Marriott Inn & Suites Houston Richmond Opens in Texas
Fairfield by Marriott | June 12, 2020
Richmond, TX – June 12, 2020 – The 80-room Fairfield by Marriott hotel in Richmond, Texas officially opened in May with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 22010 Southwest Freeway, the Fairfield by Marriott Inn & Suites Houston Richmond will operate as a Marriott franchise, owned by D & M Hospitality, LLC and managed by Tourist Promotion Services, LLC of Dallas, Texas. The Fairfield by Marriott Inn & Suites Houston Richmond offers guests convenient access to Smart Financial Centre, Hermann Memorial Hospital, OakBend Medical Center, George Ranch Historical Park and
Valor Hospitality Partners Expands U.S. Portfolio With Seven New Management Agreements
Valor Hospitality Partners | June 12, 2020
Valor Hospitality Partners has officially announced plans to enter the Rocky Mountain region of the United States with the acquisition of seven new management agreements. The properties – including two Holiday Inns, two Holiday Inn Expresses, two Candlewood Suites and independent boutique hotel, The Laszlo – are all formerly operated by MARS Hospitality, and the latest additions to Valor’s growing portfolio. “We are incredibly proud to assume the management of these assets for a wonderful group of owners and investors” says Euan McGlashan, Co-founder and CEO of Valor. “Our discussions leading up to this agreement were though
U.S. Travel Searches Indicate Initial Signs of Hotel Recovery
Expedia Group | June 12, 2020
Rising traveler intent is positive indicator for industry, according to insights from BVA BDRC and Expedia Group SEATTLE, June 12, 2020 – According to new consumer research from BVA BDRC[1] and supported by Expedia Group search data[2], Americans are increasing their intent to travel this summer, a positive indicator for the industry. While U.S. domestic and regional travel searches steadily dropped throughout March and into the first week of April, according to Expedia Group data, search has been steadily climbing over the last month in total volume. Expedia Group search data also showed that for domestic travelers who searched within t