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5-star Hotels in India Focus on Fine Dining Venues as F&B Revenue Growth Outpaces Room Revenue
Flip.to | March 5, 2014
March 05--NEW DELHI -- In September 2013, when Indian Hotels opened Maritime by San Lorenzo, an iconic Italian restaurant from Knightsbridge, London, at Taj Lands End, Mumbai, it became the latest "destination restaurant" to come up at an Indian five-star hotel. Every hotel chain worth its name -- ITC, Taj, Oberoi, Hyatt, Hilton, Holiday Inn and Radisson, to name only a few -- is focusing on opening new specialty fine dining restaurants. Many of them are franchises of well known global restaurant chains, but many others are being created in-house by these hotel groups. "Food & beverages (F&B) contributes around 45% of our total
Orient-Express Hotels Sells Maryland’s 78-key Inn at Perry Cabin for $39.7M to CAP Acquisitions
March 5, 2014
March 05--The Inn at Perry Cabin, a luxurious St. Michaels hotel where parts of the movie "Wedding Crashers" were filmed, will be sold to a private real estate firm for $39.7 million. The purchase by real estate magnate Richard Cohen's CAP Acquisitions LLC is expected to close in the next few weeks, according to real estate services firm Savills Hospitality Group, which advised on the deal. The seller, Orient-Express Hotels Ltd., will remain as manager under a 10-year agreement. Marc Magazine, executive managing director of Savills Hospitality, said his firm approached London-based Orient-Express at the end of last summer about selling
Work Nears Completion for $25 Million 152-key Holiday Inn Resort on Okaloosa Island, Florida
March 4, 2014
March 04--OKALOOSA ISLAND -- Construction on the Holiday Inn Resort, Okaloosa Island's first new hotel in 20 years, is nearing completion. "They're putting on paint now, finishing up drywall work," said Rich Chism, director of development for Innisfree Hotels. "They're real close to being finished." The hotel is expected to open by mid-May. See more photos of the hotel. >> "It's going to be a great summer," added Keith Myers, general manager of the new hotel. "We should hit the ground 100 percent." Holiday Inn Resort is one of the newest brands in the Holiday Inn lineup and is designed to be more recreational than some of their other br
Columbus, Ohio OKs New Rules for Extended-Stay Hotels; Imposing Apartment-like Regulations
March 4, 2014
March 04--The Columbus City Council approved new rules last night for extended-stay hotels that will treat them more like apartments than hotels. The rules call for the same development standards as for apartments, including 1.5 parking spaces per unit. Hotels need only one space. Other changes include: --A 25-foot buffer between buildings and lot lines, up from zero. --No more than 37 units per acre; there is no density limit for hotels. --Complying with parkland-dedication requirements, which will cost developers $400 per unit or require them to donate land. "The problem that we're solving is, there's no code section that deals with e
Normal, Illinois OKs Hotel; Work on the $25 Million Hyatt Place to Begin Soon
March 4, 2014
March 04--NORMAL -- Work on a $25 million, eight-story Hyatt Place Hotel in uptown Normal is expected to start soon since the City Council approved a revised redevelopment agreement with the developers Monday night. "The developer is ready to go," said City Manager Mark Peterson. "He's ready to move quickly." The council also approved a $75,000 grant to RR Donnelley for a pilot high tech project in Bloomington that initially will provide 50 jobs and could be expanded to provide as many as 200. The revised pact between the town and developers Tartan Realty and Campus Acquisition divides the One Uptown Circle project into two phases: the
Bizarre Events Lead to Hotel’s Notoriety; Rooftop Water Tank Death to be Focus of Horror Film
March 4, 2014
March 04--The death of Canadian tourist Elisa Lam, whose body was found in a water tank atop a Los Angeles hotel, has inspired the plot of a Hollywood horror movie. Lam, 21, was found dead in a water tank on the roof of the Cecil Hotel on Feb. 21, 2013. Her odd behavior in the hours before her disappearance sparked fears and conspiracy theories about how she died. Deadline Hollywood reported that Sony Pictures Entertainment and Matt Tolmach Productions acquired rights to the screenplay "The Bringing," speculatively written by Brandon and Phillip Murphy, which focuses on a detective's mysterious encounters as he investigates Lam's death.
Prehistoric Tequesta Site in Miami Meets Criteria for Preservation; MDM Development Plans Redesign
March 4, 2014
March 04--The remnants of a 2,000-year-old Tequesta Indian village, a U.S. Army fort and Henry Flagler's Royal Palm Hotel that were unearthed in layers of soil and bedrock in downtown Miami meet the criteria for designation as a protected historic site, the city's preservation office has concluded. The report by Miami's preservation officer means it's likely the city preservation board will opt to proceed with a full designation study when it meets Tuesday, setting the stage for what could be a protracted legal and political tussle over the fate of plans for commercial development on the site. Developer MDM Group, meanwhile, said it int
Spending by International Visitors to U.S. in 2103 a Record-Breaking $180.7 Billion; Up 9% Over 2012
March 4, 2014
March 04--Spending by international visitors to the United States continues to soar, with data for 2013 showing foreign travelers spent a record-breaking $180.7 billion on food, lodging, souvenirs and hotels. The spending by foreign visitors represented a 9% jump over 2012 and is the latest example of continuous growth since the Great Recession, according to the U.S. Office of Travel and Tourism Industries. The rise in spending is good news for Los Angeles County, where tourism is one of the largest industries. The county set a new record in 2013 with 42.2 million visitors, a 2.5% increase over the previous year. Commerce Secretary Penn