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
Grupo Therrestra Developing 957-Room Ocean Coral Spring by H10 Hotels in Jamaica
March 26, 2019
SANTO DOMINGO, Dominican Republic, March 26, 2019 -- Grupo Therrestra, under the leadership of Engineer Hugo Pérez Ovalles, continues to intensify its presence throughout the entire Caribbean region with the execution of the new project "Ocean Coral Spring by H10 Hotels". This project represents a new sign of success for the group which specializes in Design, Construction and Supervision, recognized in the region for executing tourism projects of the most demanding and high end hotel chains in the world with quality and within a short period of time. For the New Ocean Coral Spring, Therrestra will employ values that cha...
IHG Signs With Barnes Capital to Develop 160-Room Holiday Inn & Suites Dandenong in Australia
March 26, 2019
Martyn Barnes has signed his third IHG®-branded hotel, bringing Holiday Inn & Suites to Dandenong, the so-called 'capital' of Melbourne's south-east. Headlining a mixed-use development that includes two levels of office space, the 160-room, design-led Holiday Inn & Suites Dandenong will rise to 11 levels when it opens in 2021, affording great views of the city. It will offer guests an all-day dining and bar experience, a gym, conference and meeting facilities, and retail shopping via separate access. It will also feature a long stay suite component targeting the corporate traveller who is looking to stay for extended periods...
Hyatt Plans Three Hyatt Centric Hotels in Memphis and Nashville, Tennessee and Austin, Texas
Hyatt Centric | March 26, 2019
CHICAGO (March 26, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today strong U.S. growth for its Hyatt Centric brand portfolio, including development plans to build Hyatt Centric hotels in downtown Memphis, Tenn., downtown Nashville, Tenn., and downtown Austin, Texas. Designed for a growing segment of savvy explorers seeking shareable moments to inspire others, the Hyatt Centric brand currently has 26 properties across 11 countries, including Chile, France, India, Japan, Spain and more. "We couldn't be more pleased to see the Hyatt Centric brand grow and offer millennial-minded guests an opportunity to explore dynamic dome...
Range Developments Enters Agreement With Government of Grenada for Development of Six Senses La Sagesse in St. David’s
Six Senses | March 26, 2019
ST GEORGE'S, Grenada, March 26, 2019 -- Range Developments has entered into an agreement with the Government of Grenada to develop the La Sagesse area in St David's. This is an unspoilt area of remarkable natural beauty with two beautiful beaches. The first of the luxury hotels will be the Six Senses La Sagesse, set on a promontory boasting two beaches and a lake, one of which has been described by The Sunday Times as 'one of the top ten beaches in the Caribbean'. La Sagesse will be an incomparable master-planned development on one of the best locations in the Caribbean, just 15 minutes' drive from Grenada's airp...
Hospitality M&A Focus to Shift to Smaller, Niche Platforms in 2019
March 25, 2019
After a bumper 2018, more hotel mergers and acquisitions are expected this year. But don't expect a further slew of mega transactions. The focus instead is shifting towards more private deals with smaller platforms. The top brands only account for around a third of hotel rooms around the world, making more acquisitions in 2019 likely, says Tony Ryan, Managing Director of Global Mergers & Acquisitions in JLL's Hotels & Hospitality Group. "Most of the larger platform deals have already been done, so the big operators are now seeking out unique concepts and locations to complement existing product offerings – particularly as ...
Hospitality Financial Leadership: RevPAR vs. GOPPAR and Why We Need a New Champ
David Lund | March 25, 2019
David Lund I have been around awhile and it's not like I'm ancient or anything, but I have seen some BIG changes in how we as an industry look at numbers and what numbers we focus on. What's important and what people are talking about for metrics is always changing—albeit slowly. Inside the current look is the driver for how we operate. For the longest time RevPAR has been the king. However, it was not always that way and I think it's time for the king to move on. I can remember when we didn't even use RevPAR; it was only occupancy and rate. Long gone are those days. I can also remember when we didn't have anything more complex th...
The Castell Project Launches $1 Million “Ladder Up” Capital Campaign
The Castell Project | March 25, 2019
ATLANTA, March 25, 2019 – Officials of Castell Project, Inc., a 501(c)3 nonprofit organization dedicated to accelerating the careers of women professionals in the hospitality industry, today launched its "Ladder Up" capital campaign. With a goal to raise $1 million dollars, the organization also announced that Hilton has signed on as the lead sponsor with a $100,000 donation to launch the campaign. "While myriad international studies show that companies with gender diverse leadership drive higher profits, female representation at the higher levels of the hospitality industry is lacking," said Peggy Berg, president, Castell Project...
Sunseeker Resorts Breaks Ground on Charlotte Harbor Development in Punta Gorda, Florida
March 21, 2019
PUNTA GORDA, Fla., March 21, 2019 -- Today, dozens of Florida business leaders, dignitaries and Allegiant Travel Company representatives celebrated the official groundbreaking of Sunseeker Resorts Charlotte Harbor, a first-of-its-kind destination resort that is expected to transform hospitality, dining and tourism in the area (B-roll and photos from the event). The ceremony marked a key milestone for the resort, which is the first to be built under Allegiant's Sunseeker Resorts imprint. After enjoying pastries and coffee, the crowd witnessed the ceremonial shoveling of the "first" mound of dirt. The initial phase will feat...
The Kessler Collection Celebrates Topping Out of Grand Bohemian Hotel Charlotte
The Kessler Collection | March 21, 2019
ORLANDO, Fla., March 21, 2019 -- On Tuesday, March 19 at 11:00 a.m., The Kessler Collection, a portfolio of nine passionately created and artistically inspired boutique hotels and restaurants, held a topping out ceremony to celebrate a major construction milestone in the highly-anticipated Grand Bohemian Hotel Charlotte development. Local dignitaries, development partners and executives from The Kessler Collection recognized the efforts and commitment of each individual who played a role in the construction process. "On behalf of The Kessler Collection, I'd like to personally thank JE Dunn Construction's team of experts for...
Omni Hotels and Resorts Partners With IDeaS to Transform Total Property Revenue Performance
IDeaS | March 21, 2019
Omni will implement revenue science to strategically enhance portfolio-wide profits encompassing more than 21,000 guest rooms and nearly two million square feet of event space Tweet This: @OmniHotels will roll out @IDeaS_RevOpt G3 RMS to make automated pricing decisions for over 21,000 guest rooms and @IDeaS_RevOpt Smart Space to optimize nearly 2 million sq. ft. of event space www.ideas.com/news #RevenueScience MINNEAPOLIS—March 21, 2019—Omni Hotels and Resorts will roll out both IDeaS G3 Revenue Management System (RMS) and IDeaS Smart Space, a cloud-based meetings and events strategy application, across its portfolio of 6...
On Air Soon: Construction Underway for REVERB by Hard Rock™ Hotel Downtown Atlanta Opening February 2020
March 20, 2019
Atlanta, GA – March 20, 2019 – Atlanta-based Hotel Equities (HE) reported out on the construction progress for the REVERB by Hard Rock™ Downtown Atlanta hotel, signaling that construction is on schedule to open in February 2020. Local developer Bolton Atlanta, LP has partnered with Hotel Equities to open and operate the inaugural hotel for Hard Rock's newest generation of music-centric hotels. REVERB™ is the brand's entrance into the select-service category. The 197-room hotel is located adjacent to Mercedes-Benz stadium in downtown Atlanta, offering direct access to the world-class sports and entertainment venue...
China’s Hotel Construction Pipeline Hits New All-Time High Despite Growing Concerns About the Economic Slowdown
Lodging Econometrics (LE) | March 20, 2019
Analysts at Lodging Econometrics (LE) report that China's total construction pipeline is booming and stands at 2,761 projects/580,635 rooms, up 12% by projects and 6% by rooms year-over-year (YOY). At the end of 2018, both projects and rooms in the construction pipeline are at new all-time highs surpassing the previous cyclical high of 2,658 projects set in the fourth quarter of 2014. China has the second largest pipeline in the world. Projects presently under construction are at 2,044 projects/411,032 rooms, up 17% and 10% YOY, respectively, reflective of the rush to get under construction as the economy continues to soften. Projects s...
Leisure Real Estate Advisors, LLC Announces the Sale of the Holiday Inn Express & Suites, Newton, KS.
Leisure Real Estate Advisors, LLC | March 19, 2019
Leisure Real Estate Advisors, LLC, is pleased to announce it has arranged the sale of the Holiday Inn Express & Suites, Newton, KS. Leisure Real Estate Advisors, LLC based in metro Kansas City, represented a Kansas based developer, Broadway Hospitality, LLC. in the transaction. Newton Hotel Investments, Inc, an investment group based in Topeka and Kansas City, purchased the 68 unit hotel for an undisclosed price. The listing price was $5,300,000. "This Holiday Inn Express flag is a limited service premium brand and always attracts investment attention", comments Brent A. Jaynes, Managing Partner with Leisure Real Estate Advisors. "T...
Brookfield Asset Management to Acquire Four Hotels From Hotel Leelaventure for $576 Million
March 18, 2019
March 19-- Mar. 19--MUMBAI -- Canada's Brookfield Asset Management has agreed to acquire four hotels and a land parcel from India's Hotel Leelaventure Ltd for INR3,950 crore, in what would be the largest-ever hotel deal by value in India. The deal culminates more than a year of talks between Brookfield and various stakeholders of debt-laden Hotel Leelaventure, which has been in the middle of financial restructuring. The board of Hotel Leelaventure approved on Monday the sale and transfer of four of its hotel properties to an affiliate of BSREP III, Brookfield's latest real estate fund. The luxury hotel chain owns five hotels...
IHG Signs With Interlink Group to Develop Holiday Inn & Suites in Wagga Wagga, Australia
IHG | March 18, 2019
IHG will open a flagship regional Holiday Inn in Wagga Wagga in early 2021, following the signing of a management agreement with Interlink Group (Australia). With 148 rooms, Holiday Inn & Suites Wagga Wagga will be the largest hotel in the city, as well as a unique iteration of the brand. It will feature a 6-storey building of new hotel rooms that show off the best of Holiday Inn, alongside the adaptive re-use of the heritage-listed Murrumbidgee Flour Mill and Grainstore, one of Wagga's most iconic locations. Holiday Inn & Suites Wagga Wagga is destined to become a dining and event destination, with an indoor restaurant and bar,...
Hilton Brands to Recycle 1 Million Bars of Soap by Global Handwashing Day
Hilton | March 18, 2019
Partnering with Clean the World, Hilton's participating brands will recycle soap and donate to communities in need around the world MCLEAN, Va. – March 18, 2019 – Hilton's (NYSE: HLT) Hilton Garden Inn, Hampton by Hilton and All Suites brands are launching the Clean the World Challenge in partnership with Clean the World, a global health leader dedicated to sustainability and water, sanitization and health. Embassy Suites by Hilton, Hilton Garden Inn, Hampton by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton will challenge hotel owners and Team Members to collect bars of soap left behind by guests to be recycl...
iVvy Venue Technology Achieves Oracle Validated Integration With Oracle Hospitality OPERA PMS
iVvy Venues | March 18, 2019
Next generation sales and catering solution iVvy now offers Oracle Validated Integration of contacts, blocks and room reservations plus, syncs ARI from OPERA PMS back to the iVvy dashboard. Australia (March 18, 2018) – Award-winning event and hospitality technology provider iVvy Inc. continues to expand its suite of software integrations, announcing today its latest collaboration with OPERA, Oracle Hospitality's premier property management system (PMS). As an Oracle PartnerNetwork (OPN) Gold level member, iVvy is delivering rich features and functionality to hotels to simplify and enhance end-to-end groups management. To achieve ...
Hospitality Financial Leadership: Understanding the Concept of Owner Spend
David Lund | March 18, 2019
The hotel business is unique with owners, brands and assets all vying for their individual needs and attention. All the while this delicate balance has some interesting business characteristics that are essential for hospitality financial leaders to understand. It's not terribly complicated, quite the opposite. It hides out in plain sight, so it can be easy to miss if you're not looking for it. I can remember an old boss telling me his thoughts on what I call "owner spend." I thought at the time he was full of whatever, yet the concept was bold and incredibly clear. It also struck me in that moment that no one else had ever spoken of th...
New Castle Hotels & Resorts Installs Aptech’s PVNG Enterprise Accounting System for 21 Properties
Aptech Computer Systems, Inc. | March 18, 2019
Aptech is The Industry Standard for Hospitality Financial Systems PITTSBURGH, March 18, 2019 – Aptech Computer Systems announced New Castle Hotels & Resorts upgraded its back office system to PVNG Enterprise Financial Accounting to centralize processes for 21 properties. New Castle Hotels & Resorts (NCH) is a prominent operator of Marriott, Hilton, Choice and independent properties. Aptech Computer Systems is the leading provider of business intelligence, budgeting and forecasting, and enterprise hotel accounting software systems in the hospitality industry. Click here for more on Aptech's products and services. "NCH used...
Hunden Partners Issues Developer RFQ for Conference Hotel Mixed-Use Project
Hunden Strategic Partners | March 15, 2019
Hunden Strategic Partners (HSP), on behalf of the Columbus, Indiana Redevelopment Commission (CRC), is issuing a Request for Qualifications from developers and/or development teams regarding the ultimate development of a conference center hotel (Hotel Project) on one of two sites in downtown Columbus, Indiana. In addition, there is an opportunity for an urban grocery, as well as residential apartment component (Mixed-Use Project), on the site in the same or future phase. However, the primary focus of this RFQ is to identify a qualified conference hotel development team. Any other elements will be considered separately and secondarily to...
Margaritaville Celebrates Groundbreaking of New Hotel on Jacksonville Beach, Florida
Margaritaville | March 15, 2019
Orlando, Fla. – March 15, 2019 – Margaritaville Holdings, the global lifestyle brand synonymous with fun and escapism, made the official announcement today that a new Margaritaville Hotel broke ground on Jacksonville Beach on March 8th. Located adjacent to the beach on Ocean Front North, the property will feature 202 guestrooms with Margaritaville's casual-luxe design, signature food and beverage concepts, a fitness center, and an outdoor recreation area with a pool and fire pits. "Jacksonville is one of the fastest-growing destinations in Florida and is well recognized as a classic beach town escape. We look forward to brin...
HVS Market Pulse: Detroit, MI
Brandon Leversee | March 14, 2019
By Brandon Leversee Detroit's image of a proper rust-belt city in the depths of despair during the Great Recession and the subsequent filing of bankruptcy in 2013 has been reshaped into an inspiring story of resilience and resurgence. Detroit's economy is strong, with unemployment decreasing every year since 2014 and an employment base that continues to diversify. While the economic mainstays—General Motors, Ford, and Fiat Chrysler—still thrive in the city, other major employers belong to the financial and healthcare sectors; moreover, the technology sector continues to grow. The strengthening of the local economy has positi...
Hilton Signs With Natura Development II N.V. to Develop Embassy Suites by Hilton Hotel in Aruba
Embassy Suites by Hilton | March 14, 2019
MCLEAN, Va. – March 14, 2019 – Hilton (NYSE: HLT) today announces plans to debut the upscale, all-suite Embassy Suites by Hilton brand in Aruba in 2021, following a management agreement with Natura Development II N.V. Scheduled to open in mid-2021, the new-build 330-suite oceanfront Embassy Suites by Hilton Aruba Resort marks Hilton's second hotel on the island and reinforces the company's continued expansion plans in the Caribbean. "The signing of Embassy Suites by Hilton Aruba Resort underscores Hilton's commitment to expanding its portfolio across the Caribbean," said Juan Corvinos, vice president, development, C...
Kimpton Hotels & Restaurants to Debut in Montana With Adaptive Reuse Project in Bozeman
Kimpton Hotels & Restaurants | March 13, 2019
SAN FRANCISCO (March,13 2019) -- Kimpton Hotels & Restaurants announced today its first property in Montana; an adaptive reuse scheduled to open in Bozeman early next year. Located in the heart of historic downtown Bozeman, the project will turn the National Guard Armory building into a 122-room hotel with a signature restaurant, a whisky and bar centric speakeasy featuring music and live entertainment, and 8,000 square feet of meeting and event space. The new Kimpton will also feature a concert hall designed to attract top musical performances, as well as a rooftop pool and bar where guests can enjoy breathtaking views of the Bridg...
