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
IHG Signs Three New EVEN Hotel Properties Set for 2020 Opening in Michigan, North Carolina and Texas
IHG | September 27, 2018
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, today announces the development of three EVEN® Hotels properties in Michigan, North Carolina and Texas – EVEN Hotel Ann Arbor, EVEN Hotel Charlotte and EVEN Hotel Austin. All three properties are expected to open before the first quarter of 2020. Craig Mueller, Vice President, Development, Upscale & Luxury, Americas, IHG, commented: "The brand's expansion to these key markets speaks to the increased demand for wellness-focused hotels from both owners and guests. The EVEN Hotels brand incorporates wellness from every angle of the stay expe...
Siam Sindhorn and IHG Enter Agreement for First Kimpton Hotel in Thailand
IHG | September 25, 2018
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has signed a management agreement with Siam Sindhorn to debut the leading boutique hotel brand, Kimpton® Hotels & Restaurants, in Bangkok — the first Kimpton hotel in Thailand, and second across the South East Asia and Korea region. Opening in 2020, the new-built Kimpton Bangkok will feature 349 curated and artfully designed guest rooms, including 124 serviced residences, under an hour's drive from Suvarnabhumi Airport. Located in the heart of the Langsuan area and nestled right beside Lumpini Park, one of the largest public parks in the ...
HFTP Announces 2018 Paragon Award Recipient – Anna McFarland, CPA, CFE, CHAE, CHTP
HFTP | September 25, 2018
The HFTP Global past president will be honored at HFTP's Annual Convention this October Anna McFarland, CPA, CFE, CHAE, CHTP was selected as the 2018 Hospitality Financial and Technology Professionals (HFTP®) Paragon Award recipient for her unwavering support of the association and substantial contributions to increase knowledge sharing and promote growth in the hospitality industry at large. McFarland will be honored next month during HFTP's 2018 Annual Convention held at the Omni Louisville Hotel in Louisville, Kentucky USA. "I am honored to accept this award and to join the past recipients who I have long admired and res...
Hilton Signs Three New Hotels in Cartagena and Pereira, Colombia
Hilton | September 25, 2018
BOGOTA, Colombia and MCLEAN, Va. – September 25, 2018 – Hilton (NYSE: HLT) today announces plans to welcome Atolón Hotel Cartagena Tierra Bomba, Curio Collection by Hilton, Hilton Garden Inn Pereira and Hilton Garden Inn Cartagena to the company's growing portfolio in Colombia, where Hilton currently has 18 hotels open and welcoming travelers. The first in-market Curio Collection by Hilton property is scheduled to open in the first quarter of 2019, while the two Hilton Garden Inn hotels are set to open by the first quarter of 2020. "As we continue to expand our regional portfolio, Colombia remains a priority market du...
Driftwood Acquisitions and Development Breaks Ground on New Canopy by Hilton in Tempe, Arizona
Driftwood Acquisitions & Development | September 25, 2018
Coral Gables, Fla. – September 25, 2018 – Driftwood Acquisitions & Development (DAD) celebrated the groundbreaking of the Canopy by Hilton, Hilton's (NYSE: HLT) lifestyle hotel brand, yesterday in Tempe, Arizona. Slated to open as a 198-room hotel by January 2020, Canopy by Hilton Tempe Downtown University Area is located in the heart of Tempe across the street from Arizona State University (ASU), one of the largest public universities by enrollment in the United States. Driftwood Hospitality Management (DHM), DAD's affiliate, will manage the hotel. DAD is an innovative hospitality industry leader with decades of experie...
Casacuberta Partners with IHG to Bring First Kimpton Hotel to Spain
IHG | September 25, 2018
IHG® (InterContinental Hotels Group®) will soon be launching its unique heartfelt luxury approach in Spain, with the opening of Kimpton Barcelona in the second half of 2019. The first hotel for the brand in Spain, Kimpton Barcelona will be centrally located in the heart of Barcelona's old town near the famous 'La Rambla' street and will feature 156 stylish rooms, a lobby lounge, an all-day dining restaurant and 250 square metres of event space. The hotel will offer guests and locals a stunning rooftop and a swimming pool with unparalleled views of Barcelona's city centre and the Cathedral. The neighbourhood surrounding the hotel...
AccorHotels Deploys Infor Revenue Management Solution Across France
Infor | September 25, 2018
212 French Hotels Gain Better Visibility to Optimize Revenue NEW YORK, Sept. 25, 2018 -- Infor, a leading provider of industry-specific cloud applications, today announced that its revenue management solution dedicated to the hospitality industry, Infor EzRMS, has been deployed by AccorHotels in France. This is part of a global project and aims to replace the existing solution that will disappear soon and that had been installed in nearly 150 Accor sites in France. EzRMS is currently in place in 212 hotels in France, throughout the territory, allowing each of these establishments to benefit from a better visibility on the customer deman...
GJP Hotel & Resorts Invests in Infor Software
Grupo GJP Hotel & Resorts | September 25, 2018
Infor EzRMS Helps Hotel Group Drive Revenue NEW YORK, Sept. 25, 2018 -- Infor, a leading provider of industry-specific cloud applications, announced that GJP Hotel & Resorts Group is implementing Infor® EzRMS, a revenue management solution used for demand modeling and forecasting, to help better manage revenues and help build a successful revenue strategy across all its key hotels in Brazil. Competition is increasing in the hotel sector and, as such, it is essential for hoteliers to understand and react to customer behavior and business trends to ensure that customers are always offered the right product, at the right price and ...
Global Construction Pipeline Projects Have Been Ascending for 4.5 Years and Have Reached Record Highs
Lodging Econometrics (LE) | September 24, 2018
Correction: New numbers received from Choice Hotels Choice Hotels with 705 hotels and 58,512 rooms. CORRECTION: As of June 30, 2018 Choice has 1,024 hotels and 84,350 rooms in its worldwide pipeline. The 25-year explosion of hotel brands now totals 610 globally. Marriott leads with 29 labels, followed by Accor with 25, Hilton and Choice with 15 each, and IHG and Hyatt with 12 each. CORRECTION: As of June 30, 2018 Choice had 11 brands September 24, 2018 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its bi-annual Global Construction Pipeline Trend Report, which compiles the construction pipeline counts for eve...
Hospitality Financial Leadership: Unplugging the Brand and Cranking up the OTA’s – Hotel Overachiever
David Lund | September 24, 2018
By David Lund It's nothing new to hear about hotels or owners who have said "good bye" to brands and have gone on their own as an independent hotel. This is the story of one such hotel and a look at their results. I am also going to highlight the typical costs associated with being affiliated with a brand and what some say is the biggest reason to get out while you can. The whole idea was the new owners. They bought the hotel with the express purpose of taking down the flag and making the hotel an independent. The market was strong and the hotel with its brand was doing quite well – a positive revpar index with its historical comp...
City of Pacifica Releases RFQ for Ocean Front Hotel Development
City of Pacifica | September 24, 2018
Development of this Beach Front Property Will Enhance the California Coastline (Pacifica, CA) 20 September 2018 - The City of Pacifica is pleased to announce a Request for Qualifications (RFQ) for a hotel/conference center development opportunity for a 3-acre parcel of City-owned property located at 2212 Beach Blvd., the northwest corner of Montecito Ave. and Beach Blvd. in Pacifica, CA. This is a unique opportunity to enhance the look of the California coastline through the development and operation of a hotel/conference center on the beach of the Pacific Ocean in Northern California. For this Request for Qualifications (RFQ), the City...
Eric Walters Appointed as General Manager of Hilton Denver City Center
Hilton Denver City Center | September 21, 2018
DENVER – September 21, 2018 – Hilton announces that Eric Walters has been named general manager of the 613-room Hilton Denver City Center in Denver, Colorado. The hotel, which is located in the heart of downtown Denver and just three blocks from the Colorado Convention Center, recently completed a $27 million renovation of the entire property and joined the Hilton Hotels & Resorts brand portfolio in December 2017. With more than 34 years of hospitality experience, Walters returns to Denver, where he has worked twice during his career. Most recently, Walters served as complex general manager of Hilton Portland Downtown an...
Marriott International & White Lodging Reveal Plans for New Autograph Collection Hotel & AC Hotel by Marriott® in Austin, Texas
White Lodging | September 21, 2018
Merrillville, IN (September 21, 2018) – Marriott International, Inc. announced today two anticipated lifestyle hotel openings in Austin, the dual-branded AC Hotel Austin and The Otis Hotel, an Autograph Collection hotel. Developed by White Lodging, the country's fastest-growing hotel ownership, management, and development company, the dual-branded complex is set to open its doors in Q4 of 2019. Located at 1901 San Antonio Street along the southwest edge of University of Texas at Austin's campus, the two hotels will set a new standard of Texan hospitality and bring 347 rooms to the city; 191 rooms including 29 suites at The Otis Ho...
Angolan Reforms Set to Benefit Tourism and Hospitality Sectors
HTI Consulting | September 21, 2018
"Angola's growth prospects are set to rise as the country continues to make strides towards a more positive economic course," says Wayne Troughton of specialist hospitality and real estate consultancy firm, HTI Consulting. "Higher oil prices and sounder policies under President Joao Lourenco should bring greater stability to Africa's second largest crude exporter, strengthening the country's institutions and attracting foreign investment that will spur economic growth and contribute to the diversification of the economy, including sectors such as tourism and hospitality." "The breakneck economic growth that Angola enjoyed following the ...
HFTP and Naseba Announce HITEC Dubai 2018 Advisory Council
HITEC Dubai | September 20, 2018
Hospitality Financial and Technology Professionals (HFTP®) and Naseba are bringing back HITEC® Dubai this year from December 5-6 at the Madinat Jumeirah in Dubai, UAE. A regional extension to the world's largest hospitality technology conference brand, HITEC Dubai 2018 will feature 30+ speakers, 600+ hospitality stakeholders and 60+ solution and service providers. The show will give Middle East buyers - currently worth over USD 75 billion - access to global top solution providers in hospitality market through a top-notch education program planned by the expert HITEC Dubai 2018 Advisory Council, as well as an exhibition showc...
Cloud5 Webinar: Proven Strategies for Hospitality HSIA Success From a Top Rated Internet Provider for Marriott Properties
Cloud5 | September 20, 2018
CHICAGO (September 20, 2018) — Cloud5 Communications Inc., a top rated North American Internet provider according to Marriott's Internet Partner Scorecard, will host a webinar on how to optimize HSIA success for new builds and network upgrades on October 3, 2018 at 11am – 12pm CT. The ability of a hotel to meet the increasing demands of always-connected guests is a top indicator of overall guest satisfaction. So much so that major hotel brands, including Marriott, are establishing new Internet performance standards and processes for measuring compliance and the impact WiFi has on guest scores. The live webinar will provide p...
North American Hoteliers Kick Off Second Half of 2018 With Continued Steady Rates and Bookings; Q2 2019 Shows Signs of Softness
TravelClick | September 20, 2018
NEW YORK – September 20, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's August 2018 North American Hospitality Review (NAHR). According to this data, the second half of the year has stable rates and bookings across all travel segments, up 1.80 percent in average daily rates (ADR) and 0.51 percent in bookings in the third quarter when compared to the prior year. Group travel in Q3 is also up 1.81 percent in ADR and 0.50 percent in bookings, and the transient segment overall is up 1.80 percent in ADR and 0.52 percent in bookings i...
The Rainmaker Group Now Integrates With Central Reservation System, Windsurfer® CRS, to Provide a More Streamlined Interface for Customers
Rainmaker | September 20, 2018
ALPHARETTA, GA. — September , 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software announces a full integration between Rainmaker's premier revenue management system, guestrev®, and SHR, Sceptre Hospitality Resources, a pioneer of advanced hotel distribution technologies and developer of Windsurfer® CRS. This integration allows guestrev® to send pricing recommendations directly to Windsurfer CRS, giving properties the ability to access strategic information as they make pricing decisions. Hotel properties that utilize both guestrev® and ...
SHR Integrates With Rainmaker Guestrev® to Provide Advanced Revenue Optimization Tool
SHR | September 20, 2018
ALPHARETTA, GA and HOUSTON, TX, September 20, 2018—SHR, Sceptre Hospitality Resources, a pioneer of advanced hotel distribution technologies and developer of Windsurfer® CRS, has become fully integrated with the The Rainmaker Group's guestrev® product to help drive revenue and manage forecasting for SHR clients. Hotel properties that utilize both guestrev and Windsurfer will now be able to see Daily Rates, overbooking (at the property level or room type level), and Open/Close to Stay-Through within the CRS, instead of waiting for their PMS to relay the same data. And by sending pricing recommendations directly to Windsurfe...
Hilton Announces 2017 Development Award Winners in the Caribbean and Latin America
HIlton | September 19, 2018
MCLEAN, Va. - Hilton (NYSE: HLT) today recognized some of its top owners/developers in the Caribbean and Latin America. The Development Awards recognize the passion, creativity and innovative spirit of Hilton developers that are committed to quality projects, meet or exceed brand standards and have a positive impact on the local community. Today, our team is excited to recognize those who went above and beyond last year, worked on innovative projects that created an everlasting impact on our guests, communities and the hospitality industry," said Bill Fortier, senior vice president, development, Americas. "We are proud to celebrate our ...
HFTP Heads to Orlando in 2019 and Minneapolis in 2020 for Its Upcoming Annual Conventions
HFTP | September 19, 2018
Mark your calendars and join HFTP for even more networking and high-caliber education Hospitality Financial and Technology Professionals (HFTP®) announces future dates for its Annual Convention, an event the association has produced since 1952. Next year's HFTP Annual Convention will take place October 23-25, 2019 at the Rosen Centre Hotel in Orlando, Florida USA. In 2020, HFTP will produce its Annual Convention from October 14-16 at the Hyatt Regency Minneapolis in Minneapolis, Minnesota USA. This year's HFTP Annual Convention will take place October 24-26, 2018 at the Omni Louisville Hotel in Louisville, Kentucky USA. The ...
Hotel Underwriting Tips
Hans Detlefsen | September 18, 2018
By Hans Detlefsen As the owner of a hotel appraisal and advisory company, I get the opportunity to review hundreds of hotel appraisals, feasibility studies, investment pitch books, and offering memoranda each year. One of the things I've learned over the past two decades is that a few small changes in underwriting assumptions can greatly affect how hotel deals looks to investors. If these underwriting assumptions are not carefully considered, then they can represent big pitfalls for investors, appraisers, and others involved in the underwriting process. The following is a list of 12 issues and pitfalls I encounter frequently. This is no...
Abriz and Hilton Sign to Convert Hotel Saski Krakow to Curio Collection by Hilton, Set to Open in Poland in 2021
Curio Collection by Hilton | September 18, 2018
September 18, 2018 - KRAKOW, Poland and MCLEAN, Va. - Hilton (NYSE: HLT) today announced the signing of a management agreement with Abriz to open Hotel Saski Krakow, Curio Collection by Hilton. Set in the centre of Krakow's old town, adjacent to Main Square, the property will be converted from one of the city's most celebrated hotels to join Curio Collection by Hilton in 2021. Hotel Saski Krakow has welcomed guests to Krakow for more than 200 years and houses a grand concert hall. Throughout the 19th century, international composers Franz Liszt and Johannes Brahms performed here and the hotel was at the centre of Krakow's emergence as P...
Hilton and Playa Hotels & Resorts Form Strategic Alliance for Expansion in the All-Inclusive Space
Playa Hotels & Resorts | September 17, 2018
MCLEAN, Va. - Hilton (NYSE: HLT) today is announcing its strategic alliance with Playa Hotels & Resorts "Playa" (NASDAQ: PLYA), marking a landmark expansion of the hospitality company's all-inclusive resort portfolio. During a reception at the soon-to-be Hilton Playa del Carmen, an All-inclusive Resort, Hilton will share the company's plans to welcome two new all-inclusive resorts, to be owned and managed by Playa Hotels & Resorts, to its portfolio in the Caribbean and Latin America by the end of 2018. Hilton and Playa have initial plans to open eight additional all-inclusive resorts together by 2025. "At Hilton, we are dedicate...
