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Preparing Your Hospitality Executives & Staff For Effective Corporate Communication
the Authors | March 21, 2014
Preparedness Versus Damage Control by Erin Bagley & Leora Lanz Effective Corporate Communication This article aims to investigate how corporate communication in the hospitality industry should be utilized effectively. Section I focuses on how to ensure effective communication from your CEOs and corporate executives by reviewing case studies and recommendations on how to speak to both internal and external groups. Section II reviews company-wide communications in the digital age, and recommends protocol for adopting and enforcing social media standards for all employees, not just executives. Section III concludes by considering uniqu
Radius Hospitality Aims at Q3 2014 Opening for its $12 Million 107-room Residence Inn in Akron, Ohio
March 21, 2014
March 21--The Montrose area's newest hotel, which is under construction, hopes to be open by late summer or early fall. The Marriott Residence Inn is being built at 4080 Embassy Parkway, near state Route 18 and Interstate 77. It is in the same area as the Crystal Clinic and Akron General Wellness Center. The new hotel is the right fit for the market as an upscale extended-stay hotel, said Scott Yaeger, a principal at Canton-based Radius Hospitality, which will own and operate the location. The group has 10 properties in Ohio, Illinois and New Jersey. "The hotel business is all about brand when you boil it down. You have the right brand
Hotel Loans Lead Improvement in Commercial Mortgage-Backed Securities Delinquency Rates
March 21, 2014
March 21--With hotel loans leading the way, the past-due rate on securitized commercial real estate loans fell to the lowest level since 2009. The 30-day delinquency rate on loans backing commercial mortgage-backed securities was 4.957 percent as of February. The last time that CMBS delinquency was less than 5 percent was in November 2009, when the rate was 4.71 percent. The rate has improved for nine consecutive months and has been lower 21 of the past 26 months. In January, the 30-day rate was 5.315 percent, while is t was 7.228 percent in February 2013. The performance statistics were based on the $748.08 billion in CMBS rated by Mor
Inside NYC’s Glam Hotels: Tantalizing Stay-Cations for Locals; A Look at What Tourists Enjoy
March 20, 2014
March 20--New Yorkers often fantasize about the tantalizing thought of a stay-cation at a city hotel. But it's hard to make that dream a reality. While the city is famous for its gorgeous hotels with household names, locals rarely see much of them. From the historical Algonquin to the ritzy Trump SoHo, here's a look at some of what awaits if you go ahead with that stay-cation: MODERN W New York -- Union Square 201 Park Ave. South Constructed: 1911 Landmarked Hotel opened: 2004 Rates: $300 and up With its avant-garde interior design and diverse patrons, W Union Square simultaneously embodies corporate uptown and Bohemian downtown. The ho
Sacramento, California Area Hotels Start 2014 with Improved Year-Over-Year Results; RevPAR Up 6.8%
March 20, 2014
March 20--Operators of Sacramento-area hotels started out 2014 with year-over-year improvements in occupancy, average daily room rates and revenue per room, according to the San Francisco office of hotel industry tracker/consultant PKF Consulting USA. PKF said the average occupancy rate among area hotels in January was 61.5 percent, up from 59.7 percent in January 2013. The average daily room rate in January was $102.84, compared with $99.13 in January 2013. Average revenue per available room in January was $63.26, up 6.8 percent from $59.21 in the year-ago period. Historically, January is a relatively slow time of year for hotel occupa
The Washington Times Completes Agreement to Offer Online Travel Services
OpenBook | March 19, 2014
WASHINGTON D.C. – March 20th, 2014 – The Washington Times, one of America's top newspapers, has announced its partnership with Yellowstone Hotel Systems, dba: OpenBook, to provide comprehensive online travel planning to its readers and the general public. With the slogan "Travel with Trust" accompanying this new partnership, which combines The Washington Times' long standing trustworthy news coverage with the new ability for readers to book travel through its website, now travelers can read an article about an upcoming event or popular travel destination and book the associated trip on the spot. The partnership, aimed at providing o
Stash Hotel Rewards Expands Further into Pennsylvania with Three New Properties
Stash Hotel Rewards | March 19, 2014
Bear Creek Mountain Resort, The Priory Hotel and Shadyside Inn All Suites Hotel Now Part of Nation's Largest Points-Based Rewards Program for Independent Hotels PITTSBURGH and MACUNGIE, Pa. – March 20, 2014 – Stash Hotel Rewards, the nation's largest points-based rewards program for independent hotels, today welcomed three new Pennsylvania partner hotels – Bear Creek Mountain Resort, The Priory Hotel and Shadyside Inn All Suites Hotel. As with all Stash partner hotels, each new property provides travelers with a one-of-a-kind experience unique to the local culture. With these new additions, the Stash Rewards footprint grows to nea
Turkey Creek Hospitality Plans to Develop 140-room Hilton Garden Inn in Memphis, Tennessee
March 19, 2014
March 19--Turkey Creek Hospitality this week completed its purchase of the former Greyhound bus station Downtown for its plans to build a 140-room Hilton Garden Inn there. The Knoxville-based company paid $1.67 million to Greyhound Lines for the 1.4-acre property. The development at 195 Union is to be a multifaceted structure serving both businesses and leisure travelers. The site is in the center of Downtown Memphis' sports and entertainment district, directly across from AutoZone Park. Hank Martin and Elliot Embry with NAI Saig Company represented Greyhound Lines, Inc. The developer expects to open The Hilton Garden Inn Memphis Downto