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
Hospitality Financial Leadership: Understanding the Importance and Use of The Reserve for Capital Replacement
David Lund | January 14, 2019
By David Lund The concept for the use of the reserve account is important to understand. It is also essential that hotel operators ensure the reserve is properly funded per the terms of the Hotel Management Agreement "HMA." The use of the reserve is an important tool to utilize to protect the operator's rights and long-term viability. Many people mistakenly think the reserve account is the owner's responsibility and therefore it's up to the owner to determine and ultimately control the funding. But not so fast, the manager has a right and a duty to ensure the proper transactions are performed on a timely basis using the clauses that are...
PeachState Hospitality Has Been Awarded Developer of the Year by Marriott International
PeachState Hospitality | January 9, 2019
The award was presented to PeachState Hospitality during the 2018 CONNECT Conference in San Diego Warner Robins, GA – January 10, 2019 – PeachState Hospitality, LLC, a leading hotel management and development company based in Warner Robins, GA announced today that it has been awarded Marriott International's 2018 CONNECT Developer of the Year. The prestigious award recognizes developers who have gone above and beyond in their real estate projects for the year 2018. "We are extremely honored to receive this recognition from Marriott International," said Danny Patel, Chief Executive Officer, PeachState Hospitality, LLC. "It ac...
Spirides Arranges $8.7 Million Hotel Development Loan for New Holiday Inn in Downtown Columbia, SC
Spirides Hospitality Finance Company | January 9, 2019
TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged, and its client has closed an $8.7 million building conversion and term, first priority conventional loan from a Southeast U.S. headquartered bank to finance the development of a new Holiday Inn in Downtown Columbia, South Carolina. This new 90 guest room, 10-story, full-service Holiday Inn is being developed by converting an existing 1950s era office building into a unique, first class hotel. The building is located at 1233 Washington Street in the heart of Downtown Columbia, Richland County, SC. Hotel amenities will include the Holiday Inn Gen 4 design package, in...
Wyndham Hotels & Resorts Returns to Hong Kong With Opening of Ramada Hong Kong Harbour View
Wyndham Hotels & Resorts | January 8, 2019
SHANGHAI, Jan. 8, 2019 -- Wyndham Hotels & Resorts, a world's renowned hotel franchisor with more than 9,000 hotels, has officially returned to Hong Kong with the opening of Ramada Hong Kong Harbour View on January 7, 2019. With this move, Wyndham Hotels & Resorts has entered a new phase of development in the Greater China, under the brand-new strategy for China of "All-star, Multi-brands and New Model". At present, Wyndham Hotels & Resorts has over 100 Ramada hotels in the China region. Located at 239 Queen's Road West in the Western District of Hong Kong Island, Ramada Hong Kong Harbour View is adjacent t...
Paid, Owned and Earned Media: What Matters Most for B2B Travel and Hotel Tech Brands in 2019?
Alan Young | January 8, 2019
By Alan E. Young In a marketing landscape where content is king, you might think it's just a matter of creating and distributing great content. After all, if great content is what every consumer craves from the brands they favor, delivering it should be the easy part — right? But in fact, that's not the case at all. While content is undeniably an integral piece of any modern marketing strategy, business leaders are quick to realize that the curation of valuable and timely content is only half the battle. Back in the day, big brands had to buy an ad or film a TV commercial to get their product in front of their target market. In to...
Kahala Hotel & Resort Upgrades Financial Accounting to Aptech PVNG
Aptech Computer Systems, Inc. | January 8, 2019
Hawaiian Luxury Destination Taps Aptech for New Back Office System, Custom Financials for its Unique Operation PITTSBURGH, January 8, 2019 – Aptech Computer Systems announced that Kahala Hotel & Resort installed PVNG Enterprise Accounting to upgrade its back office financial processes. The Kahala Hotel & Resort is a respected luxury oceanfront destination known for its gracious Hawaiian hospitality and elegant amenities. Browser-based PVNG simplifies accounting operations and safeguards data in the cloud. Aptech is the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise hotel ac...
Epelboim Development Group and IHG Complete the EVEN® Hotel Miami Airport Project
Epelboim Development Group (EDG) | January 7, 2019
Miami-based Epelboim Development Group (EDG), in conjunction with InterContinental Group Hotels (IHG), is proud to announce the completion of its newest project: EVEN® Hotel Miami Airport. EVEN® Hotels, part of IHG's premier lifestyle hotel brand, offers guests a unique wellness and relaxation experience through its exclusive "Eat Well, Rest Easy, Keep Active and Accomplish More" initiative. From in-room trainers, mounted fitness walls, resistance bands and exercise balls, to yoga mats and blocks, 18+ On-Demand fitness videos, beds with built-in "mood lighting," ergonomic workstations and more—all in its 190 guest rooms&md...
Hospitality Financial Leadership: The Matching Principle
David Lund | January 7, 2019
By David Lund I tell my Introductory Hospitality Financial Leadership Workshop participants that the concept behind the matching principle is "the most important concept today." Why? When it comes to producing financial information, it's the cornerstone of understanding why we do almost everything the way we do it in the business world. The profit and loss statement cannot exist and be in any way accurate without using the matching principle every step of the way. Grasp this and you are well on your way to understanding the other principles and most importantly putting these principles to work in your day-to-day hotel leadership role. S...
Marriott Provides Update on Starwood Database Security Incident
Marriott | January 4, 2019
Marriott today is providing an update on the number of guests whose passport numbers and payment card numbers were involved in the Starwood reservations database security incident announced by the company on November 30, 2018. Working closely with its internal and external forensics and analytics investigation team, Marriott determined that the total number of guest records involved in this incident is less than the initial disclosure. Also, the number of payment cards and passport numbers involved is a relatively small percentage of the overall total records involved. "We want to provide our customers and partners with updates based on...
China’s Hotel Construction Pipeline Remains Strong Despite A Slowing Economy
Lodging Econometrics | January 3, 2019
In the recent report by Lodging Econometrics (LE), in the third quarter of 2018, China's total construction pipeline stands at 2,642 projects/569,690 rooms and is up 9% by projects and 6% by rooms year-over-year (YOY). Rooms in the construction pipeline are at an all-time high, and the pipeline is a mere 16 projects shy of the cyclical high of 2,658 projects set in the fourth quarter of 2014. Projects presently under construction are at 1,928 projects/402,529 rooms, projects scheduled to start construction in the next 12 months are at 344 projects/73,209 rooms, and projects in the early planning stage are at 370 projects/93,952 rooms. B...
Hospitality Financial Leadership: The Top 10 Interview Questions About The Hotel’s Finances for a General Manager and the Best Answers
David Lund | January 2, 2019
By David Lund Interviews are tricky, for both the candidate and the interviewer. A GM's job interview is a challenge for the incumbent because they need to be ready for just about anything. This is especially true as it relates to the financial picture of the business as seen through the interviewer's eyes. The opposite is also true as many times the person doing the grilling does not have a broad base of experience relating to the daily inner workings and nuances of the hotel world. Here is a list of common questions and good answers as well as a few bonus questions you can ask the person doing your audition. 1. What makes you qualifie...
Spirides Arranges $5 Million Hotel Construction Loan for New Radisson in Florence, SC
Spirides Hospitality Finance Company | December 3, 2018
TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged, and its client has closed a $5 million construction to permanent first priority mortgage loan from a southeast U.S. headquartered bank to finance the development of a new Radisson Park Inn in Florence, South Carolina. This soon to be built Radisson Park Inn will be a limited-service hotel featuring 60 guest rooms and suites in a 3-story interior corridor building situated on 1.5 acres of land. Hotel features will include a breakfast area, business center, indoor swimming pool, fitness center, guest laundry, meeting room, market, and vending area. The hotel will be ...
Do This to Gain Instant Trust With Hotel Website Visitors
Tambourine | November 9, 2018
Build trust with hotel website visitors by showcasing SOCIAL PROOF. Social proof is critical to easing the worries of potential guests. In fact, a study in the Washington Post showed social proof had more influence over customers than a discount. This is why a guest review site like TripAdvisor is so popular and impactful on purchase behavior. As travelers and meeting planners are faced with more and more hotel options, it's vital to win their trust first, to win their heart and their wallets. Here are the four core methods of leveraging social proof online: 1. Awards, Accolades and Media Labels Prominently display any accolades...
Marriott International Names Liam Brown President and Managing Director of Europe
Marriott International, Inc. | November 9, 2018
Marriott International, Inc. (NASDAQ: MAR) announced today that Liam Brown, President, Select Brands and Owner and Franchise Services, North America, will take on the role of President and Managing Director of Europe, a division within Marriott International that encompasses the United Kingdom, Ireland and Continental Europe. Brown will replace Amy McPherson, who announced last week that she will be retiring from the company in early 2019. "Liam is the perfect choice to lead Marriott's next chapter of growth in Europe," said Arne Sorenson, President and Chief Executive Officer, Marriott International. "Liam has an extraordinary ability to ...
Franchise Companies and Brands Dominating the U.S. Construction Pipeline
Lodging Econometrics (LE) | November 9, 2018
November 9, 2018 – PORTSMOUTH, NH – According to the third quarter report by analysts at Lodging Econometrics (LE), the franchise companies dominating the U.S. construction pipeline with the largest pipelines are Marriott International with 1,380 projects/181,907 rooms, Hilton Worldwide with 1,350 projects/150,698 rooms, and InterContinental Hotels Group (IHG) with 939 projects/95,312 rooms. The construction pipelines for these three franchise companies comprise an impressive 68% of the total construction pipeline projects with Marriott and Hilton again setting all-time highs for their companies. The leading brands by project count in ...
The St. Joe Company Plans New Branded Hotel at Northwest Florida Beaches International Airport (ECP)
St. Joe | November 9, 2018
WATERSOUND, Fla.—November 9, 2018--The St. Joe Company (NYSE: JOE) ("St. Joe") today announces plans to construct, own and operate a new branded hotel, immediately adjacent and convenient to the Northwest Florida Beaches International Airport (ECP). Following St. Joe's business strategy of expanding its portfolio of income producing properties, as well as growing its resorts and leisure segment, the Company plans the development of a 110-125 room hotel with a full service restaurant and bar, as well as meeting space. This new hotel will be located adjacent to the airport which is located within St. Joe's 110,500 acres known as the...
U.S. Construction Pipeline Continues on a Modest Growth Trajectory
Lodging Econometrics (LE) | November 8, 2018
November 8, 2018 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that in the third quarter of 2018 the total U.S. construction pipeline stands at 5,376 projects/650,576 rooms, up 7% from 2017's 5,011 projects/608,837 rooms. The total pipeline has been growing modestly over the past two years and is expected to continue its ascent at least into the first quarter of 2019. However, pipeline totals are still distant from the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008 and are not expected to reach those records again this cycle. Projects in the early planning stage with 1,5...
HVS Interviews with Leaders – Mr. Ludwig Bouldoukian, Regional VP of Development, Middle East and North Africa, Hyatt Hotels
HVS | November 8, 2018
1. What is Hyatt Hotels Corporation's brand portfolio, market presence, and pipeline across the Middle East? Hyatt currently operates 17 full service and three select service properties across the Middle East and North Africa. The portfolio consists of 14 premier brands worldwide; in this region specifically, the luxury segment consists of Park Hyatt, while Grand Hyatt & Hyatt Regency fall in the premium category. Andaz, the luxury lifestyle brand is set to make its brand entry in November in the UAE's capital city Abu Dhabi. Hyatt's select-service brands include Hyatt Place and Hyatt House. Hyatt House is set to launch in the KSA i...
Market Snapshot: Asia Pacific 2018
Jeremy Teo | November 8, 2018
By Jeremy Teo , Ho Mei Leng , Hok Yean CHEE Transactions in Asia Pacific Transaction activity has been observed to be on a downward trend from 2013 until 2017, owing to the transactions of Dalian Wanda China portfolio to R&F Properties. Since then, the frequency of transactions have been high, with 228 recorded transactions from 4Q2017 to 3Q2018, slightly lower than the 251 recorded the previous four quarters. Geographically, the pick up in transaction activity can be attributed to the North Asia and South-East Asia markets, while Australia markets witnessed a slowdown. Reasons for the increase in transaction activity could plau...
U.S. News & World Report – Best Law Firms® Recognizes JMBM as 2019 “Best Law Firm”
JMBM | November 8, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 08 November 2018 A hotel lawyer brings together numerous legal disciplines, depending on the hospitality project. That's why the Global Hospitality Group® is part of a full-service law firm. My partners at Jeffer Mangels Butler & Mitchell LLP (JMBM) provide first-rate services to our hospitality clients and I am pleased that their efforts were recognized today in U.S. News & World Report's list of Best Law Firms. – Jim U.S. News & World – Best Law Firms® Recognizes JMBM as 2019 "Best Law Firm" Jeffer Mangel...
Owned by Beaverton TP Ops and Managed by Escape Lodging, New TownePlace Suites by Marriott Portland Beaverton Set to Open in Oregon
TownePlace Suites by Marriott | November 8, 2018
Get ready to be real and be you on long stays. Marriott International's TownePlace Suites by Marriott Portland Beaverton is scheduled to open for business this Monday, November 12, 2018. On average, a TownePlace Suites opens every six days. Built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the Beaverton area. The new hotel located at 3900 SW 114th Avenue will operate as a Marriott franchise, owned by Beaverton TP Ops LLC and managed by Escape Lodging of Cannon Beach, Oregon. "We are excited to introduce the TownePlace Suites brand to the Beaverton area," said ...
New Courtyard by Marriott Set to Open in Southington, Connecticut Led by General Manager Ina Gallant
Courtyard by Marriott | November 8, 2018
Courtyard by Marriott Southington is set to open its doors in Southington, Connecticut on Tuesday, November 13, 2018. Featuring an innovative lobby space as well as Courtyard's latest contemporary room design, the new hotel provides flexibility and choices that allow guests to optimize and elevate their travel experience. Located at 1081 West Street, the 125-room hotel will operate as a Marriott franchise, owned by AVA Realty Southington and managed by Titan Hotel Group of Wilkes Barre, Pennsylvania. Whether traveling for business or pleasure, the Courtyard Southington offers guests convenient access to downtown Southington, Lake Compou...
Melissa Oliver Joins Marriott Syracuse Downtown as Director of Sales and Marketing
Marriott Syracuse Downtown | November 7, 2018
SYRACUSE, N.Y. – Nov. 7, 2018 – Marriott Syracuse Downtown has named Melissa Oliver as its new director of sales and marketing. A native New Yorker, Oliver brings to her role a decade of leadership experience in the hospitality industry. "No stranger to objective-driven sales and marketing strategies, Melissa has an impressively successful track record in the industry," said Todd Plouffe, general manager of Marriott Syracuse Downtown. "Add to that her New York State roots and passion for the region, and she is an ideal match for the Marriott Syracuse Downtown team." Oliver most recently served as director of sales and market...
Lafrance Hospitality Selected to Manage New Tru by Hilton in Manchester, NH Currently Under Construction
Lafrance Hospitality | November 6, 2018
November 7, 2018 – Peter Flotz and Kent Gregory of Bedford Lot Venture, LLC have appointed Lafrance Hospitality to manage the Tru by Hilton under construction in Downtown Manchester, NH. Peter Flotz and Kent Gregory have been working diligently on getting the Millyard area site approved since 2016 for a new Tru by Hilton and have received the go ahead for the project. Both Lafrance Hospitality and Bedford Lot Venture, LLC are looking forward to this new opportunity and partnership. "We are pleased to be appointed the manager for the Tru by Hilton under construction in Manchester. This brand and location will have a lot of synergy ...
