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
Four Traits to Look for in an On-Demand Accounting Partner
Scott Watson | June 25, 2018
By Scott Watson Finding the right match in an accounting partner bears some similarities to finding the right partner in marriage. A solid accounting partner understands your (industry-specific) needs, acknowledges your flaws, and adjusts to any curveballs that come your way. If you think your business could benefit from outsourcing accounting functions, consider these three qualities as non-negotiable when picking a partner: Tailor-made service packages When searching for financial services, many companies are enticed by the promises of an ERP solution, only to find that the one-size-fits-all approach, add-ons, and contracts are anyt...
Hospitality Financial Leadership – The Greatest Illusion – Ever
David Lund | June 25, 2018
By David Lund What are you believing and why? Do you believe the numbers are the hard part of hospitality? Do you believe you were in the wrong line at birth and just did not get the right tools? Well, I invite you to open your mind and think again about what you believe. If you do, you can open a brand-new door that will pay off in spades. This is an article about how people see things, how they think. Because we're human we have the highest power in the universe and that's an imagination. Because we have an imagination we "feel" our thinking. In hospitality, there is a lot of misuse of our imagination and I will examine how this negat...
New “Accessibility” Regulations for Electric Vehicle Charging Stations
Jim Butler | June 25, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 21 June 2018 As the number of electric and hybrid vehicles in California continues to grow, we are also seeing the proliferation of electric vehicle charging stations in the parking areas provided by hotels, theaters, stadiums and hotel mixed-use properties. While owners and managers of these facilities are providing a much-needed service to their guests, many are unaware that – at least in California – if their facility provides electric vehicle charging stations, a certain number of them must be accessible to the disabled. T...
Kimpton Saint George Opens in Toronto With General Manager Bertrand Mangeot at the Helm
IHG | June 22, 2018
Kimpton Saint George, located at 280 Bloor Street West between Huron and St. George Streets, opened its doors on June 19, 2018. The boutique hotel company's first ever Toronto location is a sophisticated-yet-playful respite along the Bloor Street Culture Corridor bridging luxurious elements of bordering Yorkville with the bohemian hipness of the Annex. In honour of the Saint George's commitment to arts, culture and philanthropy, the hotel welcomed its first guests Jeffrey Remedios, President & CEO of Universal Music and Board of Directors member of MusiCounts, and Lucia Remedios, Owner of Toronto's Analogue Gallery, on opening day. ...
IHG Opens 459-Key InterContinental® Phu Quoc Long Beach Resort in Vietnam
IHG | June 22, 2018
IHG® (InterContinental® Hotels Group) is celebrating the opening of its 1000th hotel in the Europe, Middle East, Asia and Africa (EMEAA) region, with the opening of InterContinental® Phu Quoc Long Beach Resort, in Vietnam. This milestone comes as IHG continues its ambitious growth strategy across its newest and most geographically diverse region. The 1000th opening adds to an already strong portfolio in EMEAA, with hotels across eight brands, working in partnership with more than 500 hotel owners. IHG has an extensive development pipeline in EMEAA with 321 hotels (63,500+ rooms) set to open in the next 3-5 years*. InterConti...
HITEC Houston Makes History as HFTP’s Highest Attended Event in 65+ Years
HFTP | June 22, 2018
Over 6,650 attendees gathered at HITEC Houston this week to discuss how to integrate the latest technologies in the hospitality space Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce that HITEC® Houston broke barriers this week as the highest attended event in the association's history with over 6,650 attendees. Produced yearly by HFTP, Hospitality Industry Technology Exposition and Conference (HITEC®) showcases the industry's latest innovations, and provides a top-notch education program for attendees. HITEC Houston took place from June 18-21, 2018 at the George R. Brown Convention C...
HP Hotels Opens 96-Room Fairfield Inn & Suites by Marriott in Columbus, Indiana
Fairfield Inn & Suites | June 22, 2018
Columbus, IN – June 22, 2018 – The 96-room Fairfield Inn & Suites by Marriott in Columbus, Indiana is set to open today with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 2820 Merchants Mile, the Fairfield Inn & Suites Columbus will operate as a Marriott franchise, owned by AGS Columbus, LLC and managed by HP Hotels of Alpharetta, Georgia. Whether traveling for business or pleasure, the Fairfield Inn & Suites Columbus offers guests convenient access to downtown Columbus, the Edinburgh Premium Outlets and Architectural Tours. Rates begin at $139 per night on ...
Owned and Managed by MCR Development, Courtyard by Marriott Dulles Airport Herndon Opens in Herndon, Virginia
Courtyard by Marriott | June 21, 2018
Herndon, VA – June 21, 2018 – Courtyard by Marriott Dulles Airport Herndon is set to open its doors in Herndon, Virginia 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 13715 Sayward Boulevard, the 187-room hotel will operate as a Marriott franchise, owned and managed by MCR Development, LLC of New York, NY. Whether traveling for business or pleasure, the Courtyard Dulles Airport Herndon offers guests convenient access to the Dulles International Airpo...
HVS Design and JN+A Release 2018 Hotel Cost Estimating Guide
HVS | June 21, 2018
HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2018 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA. ...
U.S. Project-Based Business Travel Spend Topped $45 Billion in 2017
the Global Business Travel Association | June 20, 2018
ALEXANDRIA, Va.--In 2017, project-based business travel spending reached $45.4 billion USD, comprising 15 percent of all U.S. business travel spending, according to a first-of-its-kind study from the Global Business Travel Association (GBTA), in partnership with InterContinental Hotels Group. In total, 66 million trips were taken last year for project-based purposes, representing 12 percent of all U.S. business trips and 19 percent of all U.S. business trips taken for transient purposes. To be considered project-based travel, the travel must revolve around a project, have both a start and end date, and have a duration of at least four n...
What Do Top Hotel Executives See on the Horizon for 2018?
Jim Butler | June 20, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 20 June, 2018 Meet the Money® is a productive conference with a casual atmosphere; the executives and other hotel industry representatives who attend often speak candidly about their expectations for hotel finance, development and investment throughout the upcoming year. The short video below highlights how some of our attendees feel about 2018—watch and find out what some of the industry's most well-known brands, banks, consultants, mangers and developers have to say about what's on the horizon. For more in-depth data and resea...
Hawkeye Hotels Set to Break Ground on Marriott Moxy in City of Omaha’s Old Market Entertainment District
Hawkeye Hotels | June 20, 2018
OMAHA – This week Iowa-based firm Hawkeye Hotels' plan to develop a new six-story hotel in the heart of the Old Market Entertainment District received final authorization from the Omaha City Council. Branded as Marriott's affordable boutique hotel line, Moxy, the new property will be located at the corner of 12th and Harney Streets. This is the first Nebraska property for Hawkeye Hotels. Several stages of approval began in April when Council members unanimously voted to authorize the Moxy. Hawkeye Hotels has worked with city officials to meet historic preservation standards and stay true to the historic legacy of the area....
The Americas, Asia Pacific and EMEA Are the Top World Regions in the Global Hotel Construction Pipeline
Lodging Econometrics | June 20, 2018
June 20, 2018 – PORTSMOUTH, NH – Lodging Econometrics (LE) has released its global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, where currently the regions by project count are: The Americas with 6,268 projects/800,298 rooms, Asia Pacific with 4,205 projects/907,867 rooms and EMEA with 2,241 projects/430,837 rooms. The top countries by project count are the United States with 5,255 projects/636,274 rooms and China with 2,481 projects/546,424 rooms. The U.S. accounts for 41% of the projects in the global pipeline while China accounts for 20%, resulting...
7% Year-Over-Year Growth in the Global Construction Pipeline
Lodging Econometrics | June 19, 2018
June 19, 2018 – PORTSMOUTH, NH – The Lodging Econometrics (LE) global construction pipeline trend report, which compiles the construction pipeline for every country and market in the world, states that the total pipeline stands at 12,714 projects/2,139,002 rooms, up 7% by projects year-over-year (YOY). There are 5,952 projects/1,115,288 rooms under construction, up 8% by projects YOY. Projects scheduled to start construction in the next 12 months, at 3,988 projects/584,433 rooms, are up 6% while projects in early planning at 2,774 projects/439,281 rooms are up 5% YOY. The leading 5 franchise companies in the global construct...
Rainmaker Continues to Expand Global Footprint
Rainmaker | June 19, 2018
Company acquires several key hospitality customers in international markets ALPHARETTA, GA. — June 19, 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, is excited to announce the continued expansion of their global presence by adding four new countries to their catalog of customers. Over the last few months, Rainmaker has added customers in four countries: New Zealand, St Maarten, Suriname, and Singapore. The acquired properties span three different property types: gaming, resort, and all-inclusive. The rapid growth of their customer base into glo...
LaSalle Hotel Properties Board of Trustees Reaffirms Support for Blackstone Transaction
LaSalle Hotel Properties | June 18, 2018
BETHESDA, Md.--Jun. 18, 2018 -- LaSalle Hotel Properties (NYSE:LHO) ("LaSalle" or the "Company") today announced that its Board of Trustees (the "Board") has determined that the proposal from Pebblebrook Hotel Trust (NYSE:PEB) ("Pebblebrook") received on June 11, 2018 to acquire the Company (the "Pebblebrook Proposal") does not constitute, and could not reasonably be expected to lead to, a "Superior Proposal" as defined in LaSalle's definitive agreement with affiliates of Blackstone Real Estate Partners VIII (the "Blackstone Merger Agreement"). Under the terms of the Blackstone Merger Agreement, which the Company entered into on May 20,...
Construction Pipeline Growth in China and Its Major Cities Shows Marginal Growth Up 2% Year-Over-Year
Lodging Econometrics | June 18, 2018
June 18, 2018 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline, the Total Pipeline has 2,481 Projects/546,424 Rooms, up 2% Year-Over-Year (YOY). There are 1,725 Projects/368,927 Rooms Under Construction, up less than 1% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 410 Projects/86,995 Rooms, up 27% by project YOY, while projects in Early Planning at 346 Projects/90,502 Rooms are down 13%. Cities in China with the largest pipelines are: Shanghai with 129 Projects/25,750 Rooms, Guangzhou with 106 Projects/25,481 Roo...
OTO Wins Hilton Developer of the Year Award—for 2nd Consecutive Year
OTO Development | June 18, 2018
South Carolina-based hospitality company earns national honor OTO Development has been named Hilton Developer of the Year in the Focused Service category -- for the second consecutive year. The 2017 award was announced earlier this month during the NYU International Hospitality Conference. OTO Development, part of The Johnson Group, earned this national recognition for a Hampton Inn & Suites by Hilton in Santa Monica, California -- a city that hadn't seen a new select-service hotel in nearly 30 years. The innovative project showcases OTO's ability to bring top-shelf quality and design into high-barrier-to-entry markets; inde...
Hotel Equities Names Industry Veteran, Cesar Wurm, VP of Sales and Marketing
Hotel Equities | June 18, 2018
ATLANTA, GA – June 18, 2018 – Atlanta-based Hotel Equities (HE) elevates their sales and marketing division with the appointment of industry veteran Cesar Wurm as VP of Sales and Marketing. In his new role, Cesar will lead HE's enterprise-wide strategic sales effort while supporting the regional sales team and driving best-in-class performance results. The award-winning hotel ownership and management company continues to elevate talent and focus on driving results for key stakeholders. Last month, the firm announced the addition of two regional directors of sales and plans for two additional regional offices to support their...
Hospitality Financial Leadership: The Busy Hotel Executive
David Lund | June 18, 2018
By David Lund Coaching people around the financials in hotels is what I do. I accomplish this by one-on-one coaching, usually on the phone or through Skype, or in workshops where as a group we explore and debunk the mystery around the numbers. Many people are fond of saying the numbers are the hard part of hospitality. That's not true. What is true is we do not exercise these muscles. We do not even know we have a financial muscle in many cases. This story is about one of those people and how I was able to help her. Names and places are changed to keep anonymity. Tina emailed me with a somewhat cryptic and erratic message that almo...
HFTP Announces Entrepreneur 20X Sponsorship Agreement With Amadeus at HITEC Houston
Amadeus | June 15, 2018
E20X Houston will take place Monday, June 18, 2018 starting at 1:00 p.m. at HITEC Houston Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce its Entrepreneur 20X (E20X) sponsorship agreement with Amadeus for HITEC Houston. The successful E20X pitch competition, featuring hospitality technology startups, will take place at HITEC Houston in the afternoon on June 18, 2018. HITEC Houston will take place from June 18-21, 2018 at the George R. Brown Convention Center in Houston, Texas USA. HFTP's Entrepreneur 20X progra...
Paramount Lodging Advisors Team Sells Hampton Inn in Victoria, TX
Paramount Lodging Advisors | June 14, 2018
Victoria, TX—Paramount Lodging Advisors (PLA) has arranged the sale of the Hampton Inn Victoria, TX. Managing Director Kami Burnette and Senior Associate Hussain Waseem sold the property via the Real Insight Marketplace platform. The 68-room hotel is located just north of downtown Victoria and is proximate to all broader area Victoria demand. Future plans under new ownership include a significant renovation to meet Hampton's Forever Young standard. "The increasing commodities pricing is stabilizing the region and have presented a profitable opportunity for the new owner to add a premium brand to his hotel portfolio," stat...
HITEC Houston Tuesday General Session Announced: “Technology and the Power of the C-Suite”
HFTP | June 14, 2018
AUSTIN, TEXAS, USA (June 14, 2018) — Hospitality Financial and Technology Professionals (HFTP®) added a new general session – "Technology and the Power of the C-Suite" – to the HITEC Houston education program. The session features C-level hospitality executives from brands, ownership groups and technology companies who will debate the future of emerging technology trends, funding for IT development and the nature of competition in a digital marketplace. The general session will take place from 8:30 to 10:00 a.m. on Tuesday, June 19, 2018. Immediately before the session, Tammy Farley and Jing Zhu will be inducted in...
The Rainmaker Group Partners with Torarica Group of Hotels
the Torarica Group | June 14, 2018
Company to Implement Rainmaker's Industry-Leading Revenue Optimization Solutions at All Three Properties ALPHARETTA, GA. — June 14, 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that the Torarica Group has selected Rainmaker's guestrev®, revintel® and revcaster® solutions to drive revenue at all three of their Suriname properties: Torarica Hotel & Casino, Eco Resort, and Royal Torarica Hotel. The company was looking for a set of tools to help them formalize their revenue management processes and become more sophis...
