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
Jacaruso Enterprises Appears on the Inc. 5000 for the 2nd Consecutive Year, Ranking No. 1058
Jacaruso Enterprises | August 16, 2018
NEW YORK, August 15, 2018 – Inc. magazine today revealed that Texas based Jacaruso Enterprises is No. 1058 on its 37th annual Inc. 5000, the most prestigious ranking of the nation's fastest-growing private companies. The list represents a unique look at the most successful companies within the American economy's most dynamic segment—its independent small businesses. Microsoft, Dell, Domino's Pizza, Pandora, Timberland, LinkedIn, Yelp, Zillow, and many other well-known names gained their first national exposure as honorees on the Inc. 5000. "We are truly blessed to be recognized among such an incredible group of companies," s...
The SLS Hotel, a Luxury Collection Hotel, Beverly Hills Completes $22 Million Renovation
SLS Hotel, a Luxury Collection Hotel, Beverly Hills | August 15, 2018
(LOS ANGELES, CA; August 15, 2018)—The SLS Hotel, a Luxury Collection Hotel, Beverly Hills announces the completion of a comprehensive redesign of the rooms and guest experience ahead of its decade milestone in November 2018. The newly reimagined look, which includes all 234 guestrooms and 63 suites, continues to embrace the property's original identity of elegance and whimsy. Locally inspired guest programming, revamped Garden Terrace events space, and innovated culinary and cocktail experiences round out SLS Beverly Hills' ten-year evolution. "With a fresh energy, vibrant culture and glamourous social scene, Los Angeles is a key...
Owned and Managed by Sterling Hospitality Management, Fairfield Inn & Suites by Marriott Spokane Valley Opens in Washington
Fairfield Inn & Suites | August 14, 2018
Spokane Valley, WA – August 14, 2018 – The 127-room Fairfield Inn & Suites by Marriott in Spokane Valley, Washington is set to open on Thursday, August 16, 2018 with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 8923 East Mission Avenue, the Fairfield Inn & Suites Spokane Valley will operate as a Marriott franchise, owned and managed by Sterling Hospitality Management of Spokane Valley, Washington. Located 14 miles from Spokane International Airport and 15 minutes from downtown, the Fairfield Inn & Suites Spokane Valley offers guests convenient access to dow...
Horizon Hospitality Management Opens New 82-Room SpringHill Suites by Marriott in Ringgold, Georgia
SpringHill Suites by Marriott | August 14, 2018
Ringgold, GA – August 14, 2018 – Marriott International announced that the SpringHill Suites by Marriott in Ringgold, Georgia is set to open today. The 82-suite hotel, located at 155 General Lee Drive, will operate as a Marriott franchise, owned and managed by Horizon Hospitality Management, Inc. of Alpharetta, Georgia. Whether traveling for business or pleasure, the SpringHill Suites Chattanooga South/Ringgold GA offers guests convenient access to the Tennessee Aquarium, Chickamauga and Chattanooga National Military Park, Ruby Falls, Rock City, and Camp Jordan Park and Arena. "As a brand opening a new hotel every 10 days on...
White Lodging Celebrates Opening of Dual-Branded Hampton by Hilton and Homewood Suites by Hilton in Teaneck, New Jersey
Hampton by Hilton | August 14, 2018
TEANECK, N.J. and MCLEAN, Va - Hilton (NYSE: HLT) today announced the opening of its newest hotel, the dual-branded Hampton Inn by Hilton Teaneck Glenpointe and Homewood Suites by Hilton Teaneck Glenpointe, bringing a total of 350 new rooms to the Meadowlands area. The dual-brand hotel adds even more versatile lodging options for guests visiting New Jersey, which increased to 101 million travelers in 2017*. "New Jersey's booming tourism gives us a promising opportunity to expand our footprint in the Garden State, and this dual-branded property diversifies our presence in the market," said Shruti Buckley, global head, Hampton by Hilton. ...
IHG and Shimao Group Plan Q4 2018 Opening of InterContinental Shanghai Wonderland
InterContinental Hotels & Resorts | August 14, 2018
August 14, 2018 (Shanghai, China) - InterContinental Shanghai Wonderland is expected to open its doors in the fourth quarter of 2018. Developed by Shimao Group and managed by InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, the luxury hotel, mostly below ground, is poised to welcome guests with an amazing landscape in a deep pit of a former quarry in southwestern Shanghai. The 18-story hotel has two floors above ground, and 16 below ground, including two floors underwater. With a construction area of more than 61,000 square meters, the hotel features 336 rooms and suites that all boast balconies wher...
Anna Rench Joins McNeill Hotel Company as Vice President of Asset Management and Acquisitions
PDK PR | August 14, 2018
Germantown, TN, August 14, 2018 – McNeill Hotel Company, a growing nationally-recognized hotel owner, developer, and manager, announced today that it has hired accomplished industry executive Anna Rench to serve as the company's Vice President of Asset Management and Acquisitions. Mark Ricketts, President and Chief Operating Officer, made the announcement. In this newly created position, Anna will be responsible for the asset management of the company's existing portfolio that is currently comprised of 17 select service properties, as well as sourcing new opportunities for continued platform growth. Prior to joining McNeill, Anna ...
Hospitality Financial Leadership: Why Your Average Joe Should Never Use an OTA – And… Why He Will Never Stop Using Them!
David Lund | August 13, 2018
With two large shortcomings I can't see why the average person who has a basic understanding of how the travel world works would ever use an online travel agency. In making this statement it occurs to me that—obviously—most people don't know the basics. If they did know the two things I'm going to talk about here, the OTA world would be dead on its feet. The real question is why hoteliers do not get together and create a presence in the online world and inform people so many more customers can make a favorable decision. Then hotels in turn could increase their own traffic and reduce commission costs. This is the $64,000 ques...
Lodgic Hospitality to Break Ground on New Element by Westin in Irving, Texas
| August 13, 2018
IRVING - Dallas-based architectural firm, Mayse & Associates, Inc, is pleased to announce that construction is about to commence on a 157-room, high-rise Element Hotel, part of the Marriott family of hotels. It is to be located at Hwy 114 and Meadowbrook Drive within the Irving, Texas suburb of Las Colinas. The 105,565 gsf. lifestyle hotel was designed as a 12-story high-rise building on the site of the former Sfuzzi Restaurant. The hotel lobby will have a bar and dining area, along with the back-of-house support spaces. Hotel guestrooms are located on levels 2-11, with an enlarged fitness area located on the 2nd level. The Element ...
Lotus Trans Travel and IHG Sign Portfolio Deal for Four Holiday Inn Hotels in India
IHG | August 13, 2018
InterContinental Hotels Group (IHG), one of world's leading hotel companies has signed a management agreement with Lotus Trans Travel Private Limited to establish a four hotel portfolio under the Holiday Inn banner. Slated to open between 2020 and 2023, Holiday Inn Bodhgaya, Holiday Inn Kushinagar, Holiday Inn Gorakhpur and Holiday Inn Shravasti together will add over 450 rooms to IHG's system and establish company's presence at the Buddhist tourism circuit. As a part of the agreement, Holiday Inn hotels in Bodhgaya, Kushinagar and Shravasti will be refurbished and upgraded, to ensure the portfolio is fully representative of the Holiday...
All-Inclusive Hotels: Looking Beyond RevPAR
Dan Skodol | August 13, 2018
By Dan Skodol, Vice President of Revenue Analytics at Rainmaker When people think of all-inclusive resorts, they may conjure up images tied to bland buffet food, endless banana daiquiris, and conga lines of partying singles dancing around the poolside – all for one budget-conscious package price. Today's all-inclusives still tempt travelers with comprehensive packages that include meals, lodging, and entertainment options. But the all-inclusive business model has evolved significantly from its 1950s origins.1 Today, gourmet meals are often made from sustainable, locally sourced ingredients, and served along with handcrafted cockta...
Q2 U.S. Lodging Market Update
Daniel H. Lesser | August 8, 2018
By Daniel Lesser Barring any black swan event(s), the near-term outlook for lodging remains very positive. Domestic and foreign investment, and institutional capital continue to be deployed into single assets and portfolios of all types and locations of US hotels. The second-longest recovery period in history endures, with a national unemployment rate at an 18-year low and robust consumer confidence across most sectors. As a result, the U.S. economy continues to exhibit very strong growth. Gross domestic product (GDP) is forecast to rise as much as 3% this year with relatively mild inflation. Thus far, interest rate increases by the Fed...
First Hospitality Group Opens First Hilton Tri-Branded Hotel at Chicago’s McCormick Place
First Hospitality Group | August 8, 2018
CHICAGO and MCLEAN, Va. - Hilton (NYSE: HLT) along with First Hospitality Group, Inc. (FHG), today announced the opening of its newest hotel, the company's first tri-branded property, which includes Hilton Garden Inn Chicago McCormick Place, Hampton Inn by Hilton Chicago McCormick Place and Home2 Suites by Hilton Chicago McCormick Place. Connected to McCormick Place, North America's largest convention center, and adjacent to Wintrust Arena, the property is a one-of-kind addition to downtown Chicago's South Loop and Motor Row District lodging offerings. The hotel also represents Hilton's first tri-branded property, furthering the company...
Martyn Barnes to Bring IHG’s New voco™ Brand to Australia’s Yarra Valley in 2021
IHG | August 7, 2018
Entrepreneur Martyn Barnes has signed a management agreement to badge his new Yarra Valley property as voco™, IHG's new upscale hotel brand, making it the second voco signing for Australia. Victoria's Yarra Valley has built a reputation as one of Australia's premier wine regions, famous for its chardonnay and pinot noir, as well as for bringing big name artists like Robbie Williams, Stevie Nicks and John Farnham to perform at Rochford Wines' annual Day on the Green concert series. The trouble is it's never had a great hotel to welcome its visitors after a day of wine tasting and music. voco™ Yarra Valley will be the first gl...
Lightstone’s Business Intelligence Platform Gives Execs Portfolio Performance in the Palm of Their Hand
Lightstone | August 7, 2018
Cloud-Based BI System Delivers Near Real-Time Enterprise Data to Lightstone Mobile Devices for Fast-Moving Management Team Lightstone is a national real estate investor/developer with 28 hospitality properties nationwide. The company's current portfolio emphasizes select services hotels, branded by Marriott, Hilton, IHG, and Starwood. How big do you think its asset management team is? "I am responsible for overseeing hotel performance across our 28-property REIT and I am always on a plane," said Marc Dober, vice president, asset management for Lightstone. "We buy and develop hotels to grow our business. Business is based on numbers; bu...
Marriott, Hilton, and IHG Top Franchise Companies and Brands in U.S. Construction Pipeline
Lodging Econometrics | August 6, 2018
August 6, 2018 – PORTSMOUTH, NH –In the second quarter of 2018, analysts at Lodging Econometrics (LE) report that the top franchise companies with the largest construction pipelines are: Marriott International with 1,351 projects/177,743 rooms, Hilton Worldwide with 1,327 projects/147,728 rooms, and InterContinental Hotels Group (IHG) with 932 projects/95,018 rooms. Development projects in these three franchise companies comprise 66% of total construction pipeline rooms. The largest brands for each of these companies are Marriott's Fairfield Inn with 284 projects/27,584 rooms, Hilton's Home2 Suites by Hilton with 384 p...
TNB Hotels Opens Four Points by Sheraton Salt Lake City Airport
Four Points | August 6, 2018
Marriott International, Inc.® today announced the opening of Four Points by Sheraton Salt Lake City Airport. Catering to the needs of today's everyday traveler, the hotel offers approachable design, stylish comfort and all the brand's popular extras including a 24-hour fitness center, heated pool, fast and free Wi-Fi throughout the hotel, and the Best Brews & BBQ™ program, detailed below. Asset managed by TNB Hotels of Boise, Idaho, Four Points by Sheraton Salt Lake City Airport, previously under the name Comfort Inn and Rodeway Inn Salt Lake City Airport, offers 155 spacious guest rooms, over 550 sq. ft. of meeting space,...
Tambourine Shares Three Easy Ways to Tighten the Bond Between Marketing and Revenue Management
Tambourine | August 6, 2018
The days of hotel marketers and revenue managers working in separate silos are over. Opening up dialogue and combining intelligence between these two departments are the first steps towards becoming a profit powerhouse. Here are three tips from industry leaders to optimize the connection between departments and keep them working in sync: 1. Give Each Other a Seat at the Strategy Table Bring revenue managers to marketing strategy meetings and vice versa. Each should be on hand when planning future pricing and marketing campaigns. Feedback between the departments should be fluid and open. "If marketing and revenue management teams don't c...
Hospitality Financial Leadership: Light Bulb Moments
David Lund | August 6, 2018
By David Lund I have had a few of these. The ones that stand out the most for me are the ones that I experienced from my father. Growing up I was not what you would call a high achiever. My grades in school were not great by any measure. I had friends and my social network was solid. I had a girlfriend in junior high school and that was probably what saved me from being somewhat of a delinquent. I was always curious about the things you were not supposed to do. I always thought my dad was somehow disappointed in me and my behavior and choices. Two light bulbs I experienced through my dad. The first one came when I graduated from high sc...
New York City, Dallas and Houston Markets Lead U.S. Construction Pipeline
Lodging Econometrics | August 2, 2018
August 2, 2018 – PORTSMOUTH, NH According to the second quarter construction pipeline trend report by Lodging Econometrics (LE), the top five markets with the largest hotel construction pipelines are: New York City with 169 projects/29,365 rooms; Dallas with 156 projects/18, 908 rooms; Houston with 150 projects/16,321 rooms; Nashville with 123 projects/16,392 rooms; and Los Angeles with 121 projects/18,037 rooms. The five top markets with the most projects currently under construction are New York City with 101 projects/17,108 rooms, Dallas with 47 projects/6,350 rooms, Nashville with 43 projects/7,005 rooms, Houston wit...
U.S. Construction Pipeline Continues Moderate Growth Year-Over-Year
Lodging Econometrics (LE) | August 1, 2018
August 1, 2018 – PORTSMOUTH, NH – At the end of the second quarter, analysts at Lodging Econometrics (LE) report that the total U.S. construction pipeline stands at 5,312 projects/634,501 rooms, up 7% from 2017's 4,973 projects/598,371 rooms. The pipeline has been growing moderately and incrementally each quarter and should continue its upward growth trend as long as the economy remains strong. Pipeline totals are still significantly below the all-time high of 5,883 projects/785,547 rooms reached in 2008. Projects scheduled to start construction in the next 12 months have seen minimal change year-over-year (YOY) with 2,291 p...
Food for Thought: The Future of Revenue Management and Maybe Starbucks + More
Martin Soler | August 1, 2018
By Martin Soler It is always interesting to stop and look back at where the industry is going. We can imagine a future from our current stand point but as things happen that future is rarely what we imagined. And while it may have some parts of it, there are always twists and turns we didn't predict. Our industry has the advantage of being one of the few that can't entirely be replaced by tech or other solutions. As long as we live, we'll need a place to sleep, but that doesn't mean things wont change. Amazon's founder famously said they focused on what wont change and tried to build for that, the trick is pinpointin...
Gatehouse Capital Selects Hotel Equities to Manage Two Marriott Conference Center Hotels Near Dallas, Texas
Hotel Equities | August 1, 2018
Atlanta, GA – August 1, 2018 – Hotel Equities (HE) just announced their selection as the management company for two conference center hotels near Dallas, the Courtyard by Marriott-Dallas Midlothian at the Midlothian Conference Center located at 3 Community Circle Drive in Midlothian, and the Fairfield Inn & Suites by Marriott-Decatur at Decatur Conference Center located at 1910 West US Highway 380 in Decatur. The hotels are owned by Gatehouse Capital, LLC based in Dallas. "We are thrilled to welcome this new ownership group and these two Marriott hotels to the HE family," said Joe Reardon, HE's SVP of Business Developmen...
General Manager Alicia Jacobson Set to Welcome Guests to New 128-Room Courtyard by Marriott Tampa Northwest/Veterans Expressway
Courtyard by Marriott | July 31, 2018
Tampa, FL – July 31, 2018 – Courtyard by Marriott Tampa Northwest/Veterans Expressway is scheduled to open its doors in Tampa, Florida on Wednesday, August 1, 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 12730 Citrus Park Lane, the 128-room hotel will operate as a Marriott franchise, owned by Citrus Park Hotel, LLC and managed by Hotel Equities of Atlanta, Georgia. Whether traveling for business or pleasure, the Courtyard Tampa Northwest/Veterans Exp...
