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
Sandestin Investments Breaks Ground on The Sandestin Hotel
Sandestin Golf and Beach Resort | September 17, 2018
MIRAMAR BEACH, Fla., Sept. 17, 2018 -- On Friday, September 14th, Sandestin Investments, LLC celebrated the beginning of construction for the new 250-room full-service hotel, The Sandestin Hotel, will be located adjacent to the Baytowne Conference Center at Sandestin Golf and Beach Resort. Completion of the hotel is slated for April 2020. "Today marks the beginning of a great addition to Sandestin," stated Sara Becnel, Vice President of Development for Sandestin Golf and Beach Resort. "We are excited to expand our hospitality offering with the new hotel as well as provide a fresh new guest experience not currently availab...
Asia Pacific’s Construction Pipeline, Excluding China, Is in Its 5th Year of Growth and May Be Nearing Its Peak
Lodging Econometrics | September 17, 2018
September 17, 2018 - In a recent report, analysts at Lodging Econometrics (LE) report that Asia Pacific's total construction pipeline, excluding China, is in its 5th year of growth and is at an all-time high of 1,749 projects/369,045 rooms. These pipeline totals are up a remarkable 306% by rooms and 270% by projects from the cycle's low of 473 projects/90,946 rooms recorded in the first quarter of 2007 when LE first began tracking development in Asia. Countries in the region are facing strong economic headwinds. Economies are slowing and many currencies compared to the dollar are falling, adversely affecting real estate investment. The ...
Hospitality Financial Leadership: Using Expense Checkbooks
David Lund | September 17, 2018
By David Lund I can vividly remember, as a young lad, my dad sitting at the kitchen table paying the monthly bills by check and then updating his checkbook. I remember asking him why he entered the details on the page at the back of the checkbook. He said very clearly, "So we don't spend more than we have and in the bank. If I don't keep track, we will run out of money and I'll end up bouncing a check!" In hospitality, we are all much better off when we use the checkbook system to manage our expenses so we don't run out, and so we don't overspend. The only difference between my dad and your department's expenses is you do not really run...
Owned and Managed by PeachState Hospitality, Courtyard by Marriott Dallas Downtown/Reunion District Opens in Texas
Courtyard by Marriott | September 13, 2018
DALLAS – September 13, 2018 – Courtyard by Marriott Dallas Downtown/Reunion District is set to open its doors in downtown Dallas today. 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 310 South Houston Street, the 167-room hotel will operate as a Marriott franchise, owned and managed by PeachState Hospitality of Warner Robins, Georgia. Whether traveling for business or pleasure, the Courtyard Dallas Downtown/Reunion District offers guests convenient access to...
Paramount Lodging Advisors Sells Washington Red Lion Hotel
Paramount Lodging Advisors | September 13, 2018
Bothell, WA - Paramount Lodging Advisors (PLA) has successfully executed the sale of the Red Lion Hotel located 3850 Monte Villa Parkway, Bothell, Washington. PLA Senior Managing Directors, Scott Griemsmann and Brent Clemens, and Senior Associate Subu Thiagarajan represented the seller in this transaction. The 84-room Red Lion Hotel, former SpringHill Suites by Marriott, is ideally situated within the Seattle MSA and is proximate AT&T, EKOS Corp., Google, HaloSource, Philips, and a short drive to Seattle Tacoma International Airport (SEATAC). "We were extremely pleased with the activity and level of interest in this opportunity, whi...
Oliver Companies Goes Mobile: Installs Aptech PVNG Enterprise Accounting for 18 Properties
Aptech Computer Systems, Inc. | September 13, 2018
Mobile Oliver Execs Access Financials in Web-Based PVNG to Get Work Done PITTSBURGH, September 13, 2018 – Aptech Computer Systems announced that Oliver Companies, Inc. upgraded its back office financial processes to PVNG Enterprise Accounting. Oliver Companies converted from Aptech's Profitvue® hotel accounting software to web-based PVNG to enable mobile system access to company financials and property performance reports. Oliver Companies is based in Duluth, MN. It operates 18 properties across eight states that fly flags from Hilton, IHG, Choice and others. Aptech is the leading provider of hospitality business intelligence,...
Vail’s Hotel Talisa Joins The Luxury Collection Following $65 Million Renovation and Rebranding
Hotel Talisa | September 12, 2018
The Luxury Collection®, part of Marriott International, Inc., today announced that Hotel Talisa, a top luxury ski resort in Vail, Colorado, has joined the brand's ensemble of world-renowned hotels and resorts deeply rooted in their destinations. Introducing Vail's only true ski-in/ski-out luxury resort, Hotel Talisa is the newest addition to The Luxury Collection's portfolio of diverse hotels in North America. "Vail is one of the most luxurious and thrilling mountain towns in the U.S., making it a natural fit for The Luxury Collection and our Global Explorers who seek authentic experiences and connections to all types of destination...
Owned and Managed by Buffalo Lodging Associates, Residence Inn by Marriott to Open in Buffalo, New York
Residence Inn by Marriott | September 12, 2018
Buffalo, NY – September 12, 2018 – The 105-suite Residence Inn by Marriott in Buffalo, New York is scheduled to open this Friday, September 14, 2018. Located at 620 Delaware Avenue, the all-suite Residence Inn Buffalo Downtown will operate as a Marriott franchise, owned and managed by Buffalo Lodging Associates of Canton, Massachusetts. Located downtown and eight miles from Buffalo Niagara International Airport, the Residence Inn Buffalo Downtown offers its guests convenient access to the Buffalo Niagara Medical Campus, the Buffalo Convention Center, and the KeyBank Center. "We are pleased to introduce Residence Inn hotels i...
Hotel Equities Joins Forces With Virtua Partners
Hotel Equities | September 12, 2018
Strategic partnership will fuel growth in acquisitions and investments in various platforms Atlanta, GA – (September 12, 2018) Hotel Equities (HE), the hospitality industry's premier hotel management and development company, announced today that it has created a strategic alliance with private equity firm, Virtua Partners. Virtua Partners is making a series of investments totaling more than $500 million into HE's hospitality platform. The new capital will be utilized to fuel growth through hotel management company acquisitions, organic growth and strategic investments into various hospitality assets. Hotel Equities provides manage...
Hilton Signs With Palazzo Caracciolo to Open The Britannique Hotel in Naples Following €25M (US $29M) Restoration
Curio Collection by Hilton | September 11, 2018
NAPLES, Italy and MCLEAN, Va. - Hilton (NYSE: HLT) has signed a franchise agreement with Palazzo Caracciolo S.P.A. to open its first hotel in the Southern Italian city of Naples. The Britannique Hotel, located along the distinguished Corso Vittorio Emanuele, will join Curio Collection by Hilton, a global portfolio of more than 50 one-of-a-kind hotels and resorts handpicked for their unique character. "We are excited to welcome The Britannique Hotel to Curio Collection by Hilton, as we make our debut in Naples in 2020," said Mark Nogal, global head, Curio Collection by Hilton. "The signing of The Britannique Hotel highlights our commitme...
IHG® Adds Senior Leadership to Europe With Appointments of Mario Maxeiner and Eric Viale
IHG | September 11, 2018
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has announced two new senior appointments in Europe. Mario Maxeiner has been appointed as Managing Director Northern Europe, based in the company's recently opened Frankfurt office and Eric Viale takes up the role of Managing Director Southern Europe, based in IHG's Paris office. Maxeiner will be responsible for driving the sustainable and long term growth of IHG and the performance of its franchised hotels in Germany, Austria, Switzerland, Benelux, Scandinavia and Poland. Viale will be responsible for driving commercial and operations performance acro...
Puzzle Partner Enters 5th Year Supporting Innovative Travel & Hospitality Companies
Puzzle Partner | September 11, 2018
B2B technology marketing agency Puzzle Partner marks major milestone working with the industry's most recognized technology brands to generate excitement and exposure TORONTO, ON (September 11, 2018) – Puzzle Partner, the most trusted travel and hospitality technology marketing agency, is celebrating a significant milestone this year. The company, founded in 2013 by industry veterans, is now entering it's fifth year of helping their clients engage with their target audiences to raise awareness, drive new business opportunities and build market share. The company's vision to empower brands through educational and entertaining c...
Beyond RevPAR: Understanding Total Group Revenue for Hotels
Dan Skodol | September 11, 2018
By Dan Skodol, Vice President of Revenue Analytics at Rainmaker Once upon a time, group business was essentially a filler for the guest rooms that transient business didn't occupy. In today's world of all-time occupancy highs,1 group business tells a different tale. When hotel owners examine their full profit picture, many now understand that group business and the revenue it generates is a major player in their overall revenue management (RM) strategy. However, groups are a challenge to revenue manage, as they're made up of many moving parts. To be successful in the group arena, hotels need to have the appropriate tools and strategies ...
Hospitality Executives Tackle Technology and Distribution Challenges at HSMAI’s Curate
HSMAI | September 10, 2018
Attendees Gain Insights into Innovation from Amazon, Under Armour, and Each Other (McLean, VA, September 10, 2018) Hotel senior leaders representing HSMAI Organizational Member companies investigated key issues facing the hospitality industry at Curate: An HSMAI Executive Insights Forum, hosted by the Hospitality Sales and Marketing Association International (HSMAI) on September 5 and 6 at the Hyatt Regency Inner Harbor in Baltimore. Headlined by keynotes from Amazon and Under Armour, the event also featured collaborative and interactive elements, such as group brainstorming and live polling. "Curate is a unique opportunity for leaders ...
Primefield Property & IHG Sign for New Hotel Indigo Adelaide Markets, Set to Open in 2020
IHG | September 10, 2018
Australia's most iconic food market will be the focal point of IHG's latest hotel signing, with Hotel Indigo Adelaide Markets set to open in 2020 in partnership with Primefield Property Pty Ltd. The sixteen-storey boutique hotel on Market Street, which will shortly commence construction, will be the first Hotel Indigo in Adelaide and the sixth signing for the brand in Australasia, following Hotel Indigo Brisbane Fortitude Valley, Melbourne Docklands, Sydney Central, Melbourne Little Collins Street and Auckland. No two Hotel Indigo properties are the same, with each drawing on the story of its local area to inspire every aspect of the ho...
Hospitality Financial Leadership: The Morning Meeting
David Lund | September 10, 2018
By David Lund The morning meeting is a mainstay in almost every hotel. All the key department managers and leaders gather, usually in the front office or sometimes an in-house meeting room, to devour the day's business at hand. It is a great way to distribute last minute information and highlight important changes to groups and business volumes. However, most morning meetings miss the most important pieces of information. The most valuable nuggets are stepped over and not seen or exposed for what they are. A rundown of the following is a typical morning meeting: Previous day's occupancy, rate, and RevPAR. Anticipated occupancy, rate,...
Strand Hospitality Set to Open 90-room Fairfield Inn & Suites by Marriott in Crestview, Florida
Fairfield Inn & Suites | September 6, 2018
Crestview, FL – September 6, 2018 – The 90-room Fairfield Inn & Suites by Marriott in Crestview, Florida is scheduled to open this Tuesday, September 11, 2018 with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 110 Crosson Street, the Fairfield Inn & Suites Crestview will operate as a Marriott franchise, managed by Strand Hospitality of Myrtle Beach, South Carolina. The Fairfield Inn & Suites Crestview offers guests convenient access to Destin, Fort Walton Beach, Eglin Air Force Base, Northwest Florida State College, Garden City Sports Complex and Timber Cree...
HFTP and HTNG Sign Partnership Agreement to Strengthen Resources for the Hospitality Industry
HFTP | September 6, 2018
Two hospitality technology organizations to work together to cross-promote education and resources Hospitality Financial and Technology Professionals (HFTP®) and Hospitality Technology Next Generation (HTNG) announced during Hospitality Upgrade's Annual CIO Summit that they established a partnership geared toward strengthening the progression of the technology in the hospitality industry. The agreement is based on both organizations' desire to use each group's complementary strengths and resources to advance technology in the hospitality and travel industries. "For years, HFTP and HTNG have worked in parallel in sup...
Woodbine Legacy Investments Launches $20 Million Phased Renovation of W Atlanta-Buckhead
Woodbine Legacy Investments | September 6, 2018
ATLANTA (Sept. 6, 2018) — Woodbine Legacy Investments (WLI) launched a $20 million renovation on W Atlanta-Buckhead, a 12-story, 291-room full-service luxury hotel in Atlanta's affluent Buckhead neighborhood. The renovation began in May 2018 and will be complete in late December 2018, just weeks before the city hosts Super Bowl LIII. "When this hotel debuted as part of the W Hotels portfolio in 2008, it quickly became a hotspot for locals and visitors alike and has remained that way for the past decade. That said, when Woodbine purchased the property in 2017, we knew it needed a reboot to restore its shine," said Dupree S...
Conrad Hong Kong Appoints Stephane Roubin as Hotel Manager
Conrad Hotels & Resorts | September 6, 2018
HONG KONG, Sept. 6, 2018 -- Conrad Hong Kong announces Stephane Roubin as its Hotel Manager. A compassionate leader with far-reaching vision, he promises to help the hotel maintain its attention to detail that has impressed the guests, while injecting new elements to its services using his previous work experience as inspirations. Born in France, Roubin holds a Master Degree on Hotel Management at the Vatel Hotel & Tourism Business School in Lyon and a Bachelor Degree on Law at The University of Toulon. Since fifteen years ago when he joined the Hilton, Roubin has traveled across the globe, working in various establishments of the h...
The Duniway Appoints Ryan Kunzer as General Manager
The Duniway | September 6, 2018
PORTLAND, Oregon (September 6, 2018) – Today The Duniway, A Hilton Hotel announces the appointment of Ryan Kunzer to General Manager. With over six years of General Manager experience, Kunzer is responsible for devising all capital expenditures including revenue management, team building and delivering a business strategy to increase quality and efficiency of overall operations. Kunzer's enthusiastic and result-oriented approach provides effective leadership with a focus on innovation, increased revenues and creating an unsurpassable luxury guest experience, to support the nearly two-year-old property in the heart of downtown Port...
Blockchain and Real Estate: Don’t Let Bitcoin Blind You to the Usefulness of Blockchain
Savills Vietnam | September 6, 2018
Bitcoin and crypocurrencies may not interest you, but the underlying blockchain technology should. Imagine that, early this year, you sold a property for $10m and opted to take payment in Bitcoin. Perhaps your $10m of Bitcoin was transferred to you on January 6, when a Bitcoin was worth $17,135.84. If you didn't use those funds by, say, the next Tuesday, your store of Bitcoin would have fallen in value by 16%. If you waited another week to spend those coins, you would find they'd plummeted 55% in value. Of course, had the sale taken place exactly a year earlier, you could have watched your $10m of Bitcoin turn into more than $200m by t...
Hilton Appoints Jerry Huang as President of Development in Greater China & Mongolia
Hilton | September 5, 2018
SHANGHAI, Sept. 5, 2018 -- Hilton (NYSE: HLT) today announced the appointment of Jerry Huang as president of development in Greater China and Mongolia. Effective September 10, 2018, Huang will oversee the team responsible for the overall development strategy for China. "Jerry's experience within the vast China hospitality market is nearly unparalleled," said Matt Fry, senior vice president, development for Asia Pacific. "Having someone of his calibre join our team will allow us to build on the success we have had in this very important market." Hilton today has more than 500 hotels open and under development in G...
Flag Luxury Group and Marriott Celebrate Groundbreaking of $500 Million Ritz-Carlton New York, NoMad in Manhattan
Marriott International, Inc. | September 5, 2018
BETHESDA, Md., Sept. 5, 2018 -- Marriott International and luxury development firm Flag Luxury Group today celebrated the start of construction on The Ritz-Carlton New York, NoMad in Manhattan's vibrant NoMad neighborhood. The luxury hotel is expected to open in 2021. "Once complete, this exciting project will become a landmark hotel in one of New York City's most intriguing neighborhoods," said Tony Capuano, EVP and Global Chief Development Officer, Marriott International. "Steeped in history, NoMad is one of the city's fastest-growing hubs for creative and tech firms, as well as world-class retail, dining an...
