Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Finance & Development
Marriott International Expects to Add Nearly 20 Properties Under Its Middle East and Africa Portfolio in 2019
Marriott International | April 8, 2019
Marriott International today announced it expects to add 19 new properties and more than 3,000 rooms to its Middle East and Africa portfolio in 2019. Underpinning a strong demand for its diverse brands, the new additions are in line with the company's expansion plans to add more than 100 new properties and nearly 26,000 rooms across the region by the end of 2023. Marriott estimates its development pipeline through 2023 represents up to $8 billion of investment from property owners and is expected to generate over 20,000 new jobs across the region. "Our growth across the Middle East and Africa is fuelled by a strong demand for our divers...
Accor Brings Its Iconic Raffles Brand to India With Two New Hotels
Raffles | April 8, 2019
Mumbai, April 8, 2019 -- Accor announces two majestic hotels in India - Raffles Jaipur and Raffles Udaipur - in the presence of Accor Chairman & CEO Sébastien Bazin and owner, Ratankant Sharma. The iconic Raffles brand is synonymous with luxury and extraordinary adventure and this announcement signals a new direction for Accor in India, with a stronger focus on luxury and premium brands. Both hotels will deliver a palatial experience in an extraordinary setting along with the famously discreet and personalized Raffles service. Raffles is renowned for setting the standard for luxury hospitality for over 130 years. With 13 prop...
Hospitality Financial Leadership: OH, BROTHER
David Lund | April 8, 2019
David Lund It was early October 1987. I was newly married and questioning my hotel career plans. I aspired to be a general manager, but this hotel environment veered me off track. As these thoughts occurred to me, this was one of the places where fate and other people changed my life's direction. I'd been with the hotel for 18 months. Just another day at the office started with a ringing phone. It was the hotel manager's administrative assistant requesting my appearance in his office. Now! What did the manager need to see me about? My head was spinning with the possibilities. Most of them not good. I didn't know what I might have done t...
Songy Highroads and The Wampold Companies Sign Deal to Develop the First Margaritaville Resort in the Lone Star State
Songy Highroads, LLC | April 4, 2019
New York, N.Y. – April 4, 2019 – Margaritaville Holdings, Songy Highroads (SHR) and The Wampold Companies today announced a new Margaritaville Resort coming to Lake Conroe, located approximately one hour north of Houston. With 186 acres of prime waterfront property, the Margaritaville Resort will feature 360 guestrooms, signature Margaritaville dining concepts, a golf course, spa, and more. The resort is scheduled to welcome guests in Q3 2020. "We are thrilled to bring our first Margaritaville resort in Texas to the Houston area with an incredible location on Lake Conroe," said Rick Cunningham, SVP Margaritaville Development...
sbe Partners With Byzantine Holdings for 2020 Debut of Temple Detroit, a House of Originals Hotel
sbe | April 4, 2019
NEW YORK, April 4, 2019 -- sbe, a leading international hospitality group that develops, manages and operates award-winning global hospitality brands, is proud to announce the debut of Temple Detroit, a House of Originals hotel, in collaboration with developer Byzantine Holdings and its partners Christos Moisides, David Sutherland and Gretchen Carhartt Valade. The $72 million project is the first hotel to be signed following the announcement of the House of Originals debut. Temple Detroit, slated to open in June of 2020, will feature 100 hotel rooms and 70 residential units in addition to a sbe restaurant and mixology / nightclub venues...
Phoenix American Hospitality Adds Florida Hotel to Portfolio: Residence Inn by Marriott Cape Canaveral Cocoa Beach
Phoenix American Hospitality | April 4, 2019
COCOA BEACH, FL (April 4, 2019) – Phoenix American Hospitality has acquired an interest in a new hotel, the Residence Inn by Marriott Cape Canaveral in Cocoa Beach, Florida, and took over management of the property on March 28, 2019. With the addition of this hotel, Phoenix American Hospitality now owns 17 hotels nationwide. All 17 hotels are managed by PAH Management. Located just one mile away from Port Canaveral, the Key West style hotel is conveniently located near popular South Florida attractions, including Cocoa Beach Pier, Kennedy Space Center, NASA and Canaveral National Seashore. In addition, PAH Management will begin a ...
W Hotels Worldwide Signs With Ruang Teknik Group to Develop W Bali - Ubud
W Hotels Worldwide | April 4, 2019
NEW YORK – April 4, 2019 – W Hotels Worldwide, part of Marriott International, Inc., today announced the signing of W Bali – Ubud, the brand's newest W Escape. Developed in partnership with Indonesia's Ruang Teknik Group, W Bali – Ubud is set to bring W's bold design, signature Whatever/Whenever® service and innovative programming to the cultural heart of Bali. Perched on a hilltop, oriented toward the morning sun rising in the east, and southwards over stunning, unobstructed views of the Tanggayuda Valley, W Bali – Ubud will reinvent the dreamy Ubud experience with eclectic, surprising art and design s...
Las Vegas Sands Enters Into Agreement With Singapore Government to Expand Marina Bay Sands IR
Las Vegas Sands Corp. | April 3, 2019
LAS VEGAS, April 3, 2019 -- Las Vegas Sands today announced a bold expansion plan for Marina Bay Sands in Singapore which will see the world's most successful and recognizable integrated resort add significant new tourism offerings to the property. The company has entered into a development agreement with the Singapore government and said it will quickly begin work on the new project. Located immediately adjacent to the existing Marina Bay Sands Integrated Resort (IR), the key elements of the development will be a state-of-the-art 15,000-seat arena, a luxury hotel tower and additional MICE (Meeting, Incentive, Convention, and Exhibi...
Hyatt Signs With Towa Real Estate to Develop 120-Key Hotel at Japan’s Historic Fuji Speedway
Unbound Collection by Hyatt | April 3, 2019
CHICAGO -- Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Towa Real Estate Co. Ltd., an affiliate of TOYOTA Group, to develop a 120-key hotel at the Fuji Speedway, Japan's historic racing circuit. Slated to open in 2022, the project will be the first in Japan under The Unbound Collection by Hyatt brand and the first hotel in the world to be built by Towa Real Estate. "As we look to expand Hyatt's brand footprint in Japan, we are excited to be entering into a management agreement with TOYOTA group company, Towa Real Estate, as it builds its first-ever hotel." Hotel a...
World-Class Mohegan Sun Partners With Duetto to Drive Innovation
Mohegan Sun | April 3, 2019
The massive tribal-owned casino business looks to implement a more modern approach to revenue management. Uncasville, Connecticut, April 3 — The Mohegan Sun gaming and entertainment destination in Connecticut and Mohegan Sun Pocono in northeastern Pennsylvania have implemented two of Duetto's cloud-based applications – GameChanger for pricing and ScoreBoard for reporting – as well as Duetto's newest product – the Duetto Rate Engine (DRE) – to drive more profitable revenue at the casino hotels. With GameChanger, Duetto's flagship revenue management application, Mohegan Sun has better visibility into total cu...
Avison Young Hospitality Group Announces Recent Closings
Avison Young | April 2, 2019
ATLANTA – April 3, 2019 – Avison Young Hospitality Group announced today the firm closed five hotel transactions in the month of March. The properties include two west coast boutique properties, a Hampton Inn in Pennsylvania, an hotel on the national historic registry in the southeast and a very exclusive resort in New England. The firm has seven transactions closing over the 20 days representing an upscale Marriott branded hotel north of Washington DC, a select service hotel in the Midwest, a resort hotel on the west coast and a portfolio of four hotels in the CBD area of a top 10 US market. Since 2013, the Avison Young Hos...
Starwood Capital Group, Crescent Real Estate and High Street Plan Two Hotel Towers With 721 Rooms at Nashville Music City Center
Starwood Capital Group | April 2, 2019
MIAMI and FORT WORTH, Texas and ATLANTA, April 2, 2019 -- An affiliate of Starwood Capital Group, Crescent Real Estate LLC ("Crescent") and High Street Real Estate Partners announced today that they are developing 721 hotel rooms on a 1.3-acre parcel of land directly across from Nashville's Music City Center, a $625 million convention center. The hotel design includes a common podium with two hotel towers joined by a four-story lobby, conference area and public restaurant/retail space, including outdoor street-level public dining and a rooftop bar. Site work has already started on the project, with formal groundbreaking fo...
The Ritz-Carlton, South Beach Undergoing Hotel-Wide Transformation
The Ritz-Carlton, South Beach | April 2, 2019
MIAMI, Fl. – April 2, 2019 – A pillar of the Miami community over the past decade, The Ritz-Carlton, South Beach will soon re-open its doors and step into the role of gracious host to travelers visiting the most exotic place in America. The luxury hotel will open in late 2019 after a multi-year, property-wide renovation inclusive of guest rooms, suites, spa, Club Lounge, restaurants and bars, lobby, meetings and events spaces, and pool. A refined gateway to the vibrant culture and colorful history of Miami, the reimagination channels the alluring and tropical rhythm of the destination. Inspiration from the lush surroundings ...
Hotel Equities and Virtua Partners Close on Fairfield Inn & Suites by Marriott in Colorado Springs
Virtua Partners | April 2, 2019
ATLANTA, GA – April 01, 2019 - Hotel Equities (HE), through its affiliate Virtua Partners, has purchased the Fairfield Inn & Suites Colorado Springs North/Air Force Academy. The hotel, located at 15275 Struthers Road in Colorado Springs, is the closest hotel to the U.S. Air Force Academy north entrance. Virtua Credit Corporation arranged the financing for the purchase. Hotel Equities operates the Marriott hotel and will continue to oversee the asset. The hotel owner, operator and development firm currently manages 30+ Fairfield Inn & Suites and over 120 hotels throughout the U.S. and Canada. HE and Virtua Partners joined f...
Sonnenblick-Eichner Arranges $36.3M of Acquisition Financing for Doubletree by Hilton Hotel Campbell Pruneyard Plaza Campbell (Silicon Valley), Ca
Sonnenblick-Eichner Company | April 2, 2019
Beverly Hills, CA (April 2, 2019) – Sonnenblick-Eichner Company announced today that it has arranged $36.3 million of first mortgage financing for the acquisition of the DoubleTree by Hilton Hotel Campbell – Pruneyard Plaza, a 169-room, full service hotel located in downtown Campbell, California. The long-term, fixed-rate loan facilitated the acquisition of the property and provides funds for a $5.8 million renovation of the property. The 12-year loan was provided by a life insurance company and was priced at 4.48% with four years of interest-only payments followed by amortization on a 30-year schedule. The Hotel has an irre...
RAR Hospitality Breaks Ground on The Monsaraz, Tapestry Collection by Hilton in San Diego, California
RAR Hospitality | April 1, 2019
San Diego – April 1, 2019 – Southern California based RAR Hospitality, a full-spectrum hospitality management firm, has recently broken ground on the first Tapestry Collection by Hilton property in San Diego, The Monsaraz – set to open in summer 2020. Tapestry Collection by Hilton added 14 hotels to its portfolio of modern, stylish hotels in 2018 and has another 45 in its global pipeline (as of Q4 2018), including eight additional California properties. The development is a partnership with local development firm Alliance Development, who brings a wealth of knowledge to the team. "Welcoming The Monsaraz property to the...
Hospitality Financial Leadership: Hotel Finances for Dummies
David Lund | April 1, 2019
David Lund My primary responsibility as the head of the finance and accounting departments in the hotel was to ensure the books were clean and balanced. What I really got paid for was serving as the "chief financial information officer." The reality was the financial information I had to work with stunk! In every business, communication is important, but especially around the financial piece of the business. Communication is key. Great communication can make the business successful, help it grow, cause it to take on a life of its own. Poor communication can make the business die either a long, lingering death or a swift, unexpected deat...
Hotel Booking Engine Launched by Bedvine
Bedvine | April 1, 2019
Bedvine today announces the launch of the company's new booking engine platform, suitable for all categories of accommodation: hotels, hostels, B&Bs, apartments and villas. The new offering allows potential accommodation providers to register and operate a fully featured booking engine at no monthly cost and no commission fees. Developed entirely in-house, the platform gives accommodation owners access to an on-line account where they can centrally set up and manage all of their properties. Other than the multi-property support, the platform also supports multiple currencies, multiple languages and unlimited rooms and room rates...
Hilton Signs With GRANVISTA Hotels & Resorts to Open Hilton Sapporo Park in 2023
Hilton | March 29, 2019
TOKYO - Hilton (NYSE: HLT) today announced that the company entered into a franchise agreement with GRANVISTA Hotels & Resorts Co., Ltd. to open Hilton Sapporo Park in 2023 as a part of reconstruction project for the current Sapporo Park Hotel. This is the second Hilton property in Hokkaido, following Hilton Niseko Village. The hotel will be managed by GRANVISTA Hotels & Resorts Co., Ltd. Sapporo is the largest city on the northern Japanese island of Hokkaido, where people can enjoy the beauty of the changing seasons throughout the year. The number of inbound travellers visiting Sapporo has been growing and hit a record high in ...
StayNTouch CEO and Director of Strategic Partnerships Talk Platform Power
Alan Young | March 28, 2019
Reimagining Hotel Technology with Open APIs Based on Strategic Partnership Alignment By Alan E. Young The last few years have been a whirlwind of innovation for hospitality technology. Despite its longstanding reputation for being resistant to change and slow to adopt technological evolution, the industry has made impressive strides toward reinventing its future. And yet, the gradual implementation of the latest advancements is only half the battle. With the rise of new technology (and subsequently, new technology vendors) comes the synonymous demand for strategic alliances and integrations. Recognized as hospitality technology visionar...
Azalea Hotels & Residences in the Philippines Sees a 30% Increase in Its Revenue With Hotelogix
Hotelogix | March 28, 2019
Bangalore, 29/March/2019: Hotelogix, a leader in cloud-based Property Management Systems has announced that the adoption and efficient use of its PMS have helped Azalea Hotels & Residences in the Philippines witness a 30% increase in its revenue. With 285 elegantly furnished suite rooms and spread over 5700 square meters, Azalea Hotels & Residences is located near the famous Boracay White Beach. Given its 4-star grade guest services, the property has been rated as 'Value for Money' in the region. It has received several credits from TripAdvisor – Certificate of Excellence in 2013, Traveller's Choice Award in 2018 and Most ...
Sycuan’s $260M Hotel and Resort Expansion Opens to the Public
Sycuan Casino Resort | March 27, 2019
SAN DIEGO, March 27, 2019 -- Sycuan Casino Resort announced today that the organization's $260M hotel and resort expansion is now open to the public. "Just two years ago, we broke ground and committed to becoming the premier gaming destination in San Diego County and today we delivered on that promise," said Cody J. Martinez, chairman, Sycuan Band of the Kumeyaay Nation. "This project would not have been possible without the support and vision of the Sycuan people, our team members and the incredible construction effort by Swinerton Builders. This is a historic and momentous day for Sycuan and we are extremely proud t...
RCD Hotels Taps Duetto to Drive All-Inclusive Technology Innovation
RCD Hotels | March 27, 2019
With Hard Rock and Nobu Los Cabos expected to open in summer 2019, RCD Hotels seeks a game-changing resort revenue strategy. Cancun, Mexico; March 27 — All-inclusive resorts require a unique revenue strategy, and RCD Hotels is partnering with Duetto to have better forecasting insights and drive more revenue at their two newest properties – Hard Rock Hotel Los Cabos and Nobu Hotel Los Cabos. RCD Hotels will initially install Duetto at five total properties, including the iconic Eden Roc Hotel Miami Beach and Nobu Hotel Miami Beach. They will implement Duetto's GameChanger application to simplify their pricing process, ScoreBo...
Sam Moon Group Celebrates Topping Out of the Hyatt Regency Stonebriar
Sam Moon Group | March 26, 2019
FRISCO, TX - March 26, 2019 - The Hyatt Regency Stonebriar is topping out its 18-story, 303-room hotel. A lunch will be held on April 12 as a celebration of reaching the construction half-way point for those working on the project. Members of the construction crew, architecture and design teams, City of Frisco, and other involved groups are expected to attend the ceremony. A tree will be hoisted on top of the hotel structure by a tower crane signaling the completion of the skeleton of the building. Sam Moon Group is the hotel developer; Brasfield & Gorrie is the contractor; HKS, Inc. is the architect and Looney & Associates is m...
