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FIU Shares White Paper for Hospitality Leaders on Revenue Management & Growth Opportunities
February 27, 2014
This month, Florida International University's Chaplin School of Hospitality& Tourism Management (CSHTM) and its Institute for Hospitality and Tourism Education and Research (IHTER) released a white paper titled Revenue management 2020: talent, tools & technology. The paper provides the hospitality industry with ideas on what can be done to shift the perception on the integration of revenue management and to best capitalize on growth opportunities. The best practices analysis was authored by Gregory T. Bohan, assistant professor at CSHTM; Simone Champagnie, executive director at IHTER; and Christine Toguchi, managing director at
CMH Milwaukee River Inn Plans to Acquire, Renovate & Rebrand Milwaukee River Hilton as Holiday Inn
February 27, 2014
Feb. 27--Glendale's Milwaukee River Hilton Hotel, which faces the prospect of closing when its franchise expires in April, would undergo extensive renovations and become a Holiday Inn under a new proposal. The plan surfaces after city officials, fearing a loss of a major hotel, last fall rejected a proposal to convert the Hilton into student housing. CMH Milwaukee River Inn LLC, an investors group whose members own hotels in West Virginia and Canada, has the 162-room Hilton, 4700 N. Port Washington Road, under contract, according to a Glendale Plan Commission review application. CMH would remodel the entire hotel, which opened in 1974.
Hawaii’s Ritz-Carlton Kapalua Resort Sold to Woodridge Capital Partners & Colony Capital Partnership
February 27, 2014
Feb. 27--The Ritz-Carlton, Kapalua Resort was sold on Thursday to a partnership between Woodridge Capital Partners LLC and Colony Capital LLC and its affiliates, which include Colony Financial. The new owners said that they intend to invest in enhancements for the resort, which will continue to be operated by The Ritz-Carlton Hotel Company LLC. The 463-room resort, which was built in 1992, has not had substantial reinvestment since 2007 when a $190 million renovation added 107 Ritz-Carlton residences. "The combination of The Ritz-Carlton brand, a welcoming and nurturing Hawaiian culture and the nature and magic of Maui will make an unbe
$100M Plan Unveiled to Turn Memphis, TN Building into 171-room Hotel/266-unit Apartment Building
February 27, 2014
Feb. 27--Remaining office tenants in the 100 North Main Building -- Downtown's tallest at 38 floors -- were notified this week to vacate the structure by May 31 so the owner can turn it into a hotel and apartments. "Looking now at 171 hotel rooms with 266 residential units," Isaac Thomas, who is part of the limited liability corporation that purchased the 38-story tower from a California owner, said Thursday. Thomas also said: -- Construction "will" start this year, but financing has not yet been obtained. -- Architectural Inc.'s "amazing'' plans for the nearly $100 million project are complete. -- The hotel brand should be secured in t
Hawaii’s Tourism Economy Shows Signs of Reaching Plateau After Two Years of Record-Breaking Growth
February 27, 2014
Feb. 27--Visitor arrivals in January were flat against the same month last year and visitor spending, which had been declining for the previous four months, dropped by 4.7 percent during the same period, according to preliminary statistics released Thursday morning by the Hawaii Tourism Authority (HTA). Some 682,634 visitors came to the Hawaiian Islands in January and spent $1.37 billion on a non-seasonally adjusted basis while they were here. That meant each visitor that came to the Hawaiian Islands in January, spent $10 less per day than the $201 in visitor daily spending that they averaged last January. HTA President and CEO Mike McC
North Jersey Hotels Say Super Bowl was a Win for them with RevPAR Up by 289% for the Weekend
February 27, 2014
Feb. 27--EAST RUTHERFORD, N.J -- More scores from the Super Bowl early this month have just come in, and hotels in the vicinity of the stadium in North Jersey's Meadowlands are declaring themselves winners. Overall, according to a trade survey, the area's hotels reported increases in occupancy (more than 70 percent), average daily rates (nearly 130 percent), and average revenue per available room (over 289 percent) compared with how they performed during the same weekend -- Jan. 31 to Feb. 2 -- one year ago, according to Smith Travel Research, which tracks the national hotel industry. Their occupancy rate for Super Bowl weekend also jum
From Dishwasher to General Manager in 13 Years, Leonard Massey Recognized with I AM TOURISM Award
February 27, 2014
Feb. 27--Savannah native Leonard Massey didn't just climb the career ladder, he conquered it, ascending from dishwasher at the former Mulberry Inn to general manager at The Hampton Inn over the course of a 13-year career in the hospitality industry, a career he started in high school. The 29-year-old's impressive career trajectory and dedication to the hospitality industry were recognized Wednesday night when Massey was given the prestigious I AM TOURISM Award at the Tourism Leadership Council's 16th Annual Tourism Awards at the Savannah International Trade and Convention Center. "I just believe if you're with the right company and you
Groundbreaking Set for 257-room Doubletree Convention Hotel in Downtown Evansville, Indiana
February 26, 2014
Feb. 26--Ground will be broken at 3 p.m. March 10 for Evansville's Downtown convention hotel, HCW Evansville Development Inc. and Mayor Lloyd Winnecke's office announced Tuesday. The 257-room Hilton Doubletree hotel will be at Martin Luther King Jr. Boulevard and Walnut Street. It will be the centerpiece of a larger development that also includes an apartment tower, a parking garage and sky bridges. The $71.3 million project includes $20 million in public financing, along with other financing from HCW and Old National Bank. "After a frigid winter resulting in sub-zero temperatures and significant snow fall, HCWE and City officials >are