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
Owned by The Javelin Group and Managed by Aimbridge Hospitality, Canopy by Hilton Dallas Uptown Set to Open in Texas
Canopy by Hilton | June 14, 2018
DALLAS, Texas and MCLEAN, Va. (June 14, 2018) – Today, Canopy by Hilton, Hilton's (NYSE: HLT) lifestyle hotel brand, revealed the first look inside the brand's newest Texas property, Canopy by Hilton Dallas Uptown. Scheduled to open in late June 2018, Canopy by Hilton Dallas Uptown's 150 "Just Right" rooms will offer a modern hotel experience in Dallas' most walkable district featuring more than 100 shops, restaurants and entertainment. With Canopy by Hilton's emphasis on neighborhood offerings and thoughtfully local choices, Canopy by Hilton Dallas Uptown will tell the story of the Uptown district throughout the hotel including a...
Marriott, AccorHotels and IHG Top Asia Pacific Construction Pipeline, Excluding China
Lodging Econometrics | June 14, 2018
June 14, 2018 – PORTSMOUTH, NH – According to the most recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics, the top global hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marriott International with 204 Projects/48,003 Rooms, AccorHotels with 215 Projects/45,086 Rooms, InterContinental Hotels Group (IHG) with 122 Projects/28,186 Rooms, Hilton Worldwide with 82 Projects/17,750, and Best Western with 34 Projects/6,146 Rooms. The largest brand in the Pipeline for each of these companies is: Marriott's Sheraton Hotel with 29 Projects/7,069 Rooms, Accor's Ibi...
Hotel Capital Acquires The Tremont Chicago Hotel at Magnificent Mile and Mike Ditka’s Restaurant
Hotel Capital, LLC | June 13, 2018
Hotel Capital LLC, a private equity real estate investment firm, is excited to announce a direct equity investment and acquisition of The Tremont Chicago Hotel at Magnificent Mile located in Chicago, Illinois. The Tremont Chicago Hotel and Mike Ditka's Steakhouse was acquired by Hotel Capital from seller Marriott International, Inc. The Tremont Chicago Hotel is a 16-story, 122-room, boutique hotel and is located in the heart of the Gold Coast between the world-renowned Magnificent Mile and Rush Street. The hotel will retain The Tremont name and undergo a multi-million dollar renovation which will include upgrades to the lobby, all new g...
Stonebridge Companies Set to Open Courtyard by Marriott Denver Airport at Gateway Park
Courtyard by Marriott | June 13, 2018
DENVER – June 13, 2018 – Courtyard by Marriott Denver Airport at Gateway Park is scheduled to open its doors on Tuesday, June 19, 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 4343 Airport Way, the 192-room hotel will operate as a Marriott franchise, owned and managed by Stonebridge Companies of Denver, Colorado. Whether traveling for business or pleasure, the Courtyard Denver Airport at Gateway Park offers guests convenient access to Denver Internati...
Virtua Partners and Hotel Equities Break Ground on Fairfield Inn & Suites in Tolleson, Arizona
Virtua Partners | June 13, 2018
PHOENIX, June 13, 2018 -- Virtua Partners and co-developer Hotel Equities celebrated the groundbreaking of a 116 room Fairfield Inn & Suites in Tolleson (West Phoenix), Arizona. The Marriott flagged hotel is scheduled to open late Summer 2019. The hotel is part of a mixed-use site that Virtua is developing at the corner of 91st Avenue and McDowell, fronting the I-10 freeway. Tofel Dent Construction is the general contractor for the project. Virtua Partners Co-Founder Quinn Palomino, and Mayor of Tolleson, Anna Tovar, welcomed distinguished members from the Tolleson City Council, Marriott International, local media, partnering compan...
Asia Pacific’s Top Countries and Cities for Hotel Construction Excluding China
Lodging Econometrics | June 13, 2018
June 13, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), the top countries in the Asia Pacific Construction Pipeline, excluding China, by project count are: Indonesia with 394 Projects/66,154 Rooms, Japan with 228 Projects/46,356 Rooms, India with 206 Projects/33,501 Rooms, Malaysia with 137 Projects/36,244 Rooms and Thailand with 134 Projects/31,964 Rooms. Cities with the largest pipelines by project count are: Jakarta, Indonesia with 101 Projects/19,010 Rooms; Seoul, South Korea with 80 Projects/15,738 Rooms; Tokyo, Japan with 73 Projects/16,885 Rooms; Kuala Lumpur, Malaysia with 58 Pr...
Pinnacle Hotel Management Integrates Accounting, Budgeting/Forecasting and Business Intelligence to Support Growth
Pinnacle | June 13, 2018
At HITEC in Houston Visit Aptech in Booth # 1519 JUNE 18-21, 2018 George R. Brown Convention Center 24-Property Pinnacle Automates Data Gathering and Input from Multiple Flag PMSes; Daily Revenue vs Expense Trends Deliver 'Ah Ha' Moments for Management June 13, 2018 – Monica Nichols, Director of Finance for Pinnacle Hotels says, "After 14 years in the hotel industry I have seen an incredible evolution in the hospitality business intelligence we utilize. Transitioning from basic financial statements to much more detailed variance and analytical reports has had a very positive influence on how Pinnacle manages and operates its prope...
IDeaS Breaks the Rules With New Superior Agile Pricing Approach
IDeaS | June 13, 2018
Agile Rates enables simultaneous dynamic pricing of independent and linked hotel products using deep learning to maximize profitability from all priceable products. Tweet this: @IDeaS_RevOpt expands dynamic pricing capabilities with introduction of Agile Rates. www.ideas.com/news MINNEAPOLIS—June 13, 2018—Hoteliers unanimously agree: the distribution landscape is more complicated than ever before. As the consumer buying experience evolves and adapts to new interfaces like voice-enabled artificial intelligence, hotels seek the same level of sophisticated innovation in their revenue technology. Dynamic pricing and personalize...
Welcome Group, Inc. Commences Construction on Southern California’s First AC Hotel by Marriott in El Segundo
Welcome Group Inc. | June 12, 2018
Construction for Marriott's new hotel, AC Hotel El Segundo/LAX has commenced, Welcome Group, Inc. announced today. The groundbreaking marks the third Southern California location by AC Hotels by Marriott, the company's boutique-lifestyle brand, and what will be a hotel unlike any other in the area. The design-centric hotel is set for completion in late spring of 2019 and will feature open-concept floorplans and aesthetic influenced by Spanish design. The project, led by Welcome Group, Inc., will consist of 180 rooms and span six floors. Amenities will include a rooftop bar, a craft beverage and food program, meeting space and multiple p...
Harrison Group Hotels Opens DoubleTree by Hilton Ocean City Oceanfront Following Renovation and Rebranding
Harrison Group Hotels | June 12, 2018
OCEAN CITY, Md. and MCLEAN, Va. - DoubleTree by Hilton Ocean City Oceanfront opens its doors today, welcoming guests to a coastal oasis just steps away from beloved Ocean City attractions. The hotel, situated directly on the Atlantic Ocean and just five blocks from the scenic boardwalk and the Ocean City Convention Center, recently completed a multimillion dollar renovation, including fully updated guest rooms, a complete makeover of the lobby, new furniture throughout the hotel, eco-friendly and technological enhancements and fresh new dining options. Beyond the prime location, guests will enjoy the signature, warm DoubleTree Cookie we...
ZS and Rainmaker Announce Partnership to Help Hoteliers Improve and Capitalize on Revenue Management
Rainmaker | June 12, 2018
Leveraging their combined experience, the firms will drive innovation for the hospitality industry ALPHARETTA, GA. — June 12, 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, and ZS Associates (ZS), a global consulting firm are excited to announce their new partnership. The two firms will combine ZS's strategies, methodologies and frameworks with Rainmaker's powerful technologies and advanced science to drive innovation in hospitality revenue management. "We are pleased to have ZS as a partner and know our joint knowledge of the industry will be a ...
The Asia Pacific Hotel Construction Pipeline Excluding China Continues Double Digit Increases Year-Over-Year
Lodging Econometrics | June 12, 2018
June 12, 2018 – PORTSMOUTH, NH – The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,673 Projects/349,081 Rooms, up 12% by projects and 17% by rooms Year-Over-Year (YOY). There are 959 Projects/208,153 Rooms Under Construction, up 19% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 368 Projects/72,819 Rooms, up 26%, while projects in Early Planning at 346 Projects/68,109 Rooms, are down 14% by projects YOY. ...
IHG Launches New Upscale Brand, voco, With a Signing in Australia
IHG | June 12, 2018
IHG® (InterContinental Hotels Group) has today launched voco™, its new upscale hotel brand, alongside announcing a first signing in Australia. voco will focus primarily on conversion opportunities and will strengthen IHG's offer in the $40 billion upscale segment, which is expected to grow by a further $20 billion by 2025. Working with high-quality individual and locally-branded hotels, this distinctive brand will offer owners the ability to drive higher returns through delivering a compelling guest experience and leveraging IHG's powerful systems. This includes best-in-class revenue management and technology capabilities and ...
Hilton Joins With GdF Hotel Srl to Open Grand Hotel Villa Torretta Milan Sesto, Curio Collection by Hilton in 500-Year-Old Milanese Villa
Gruppo Della Frera - Gdf Group Spa | June 11, 2018
MILAN, and MCLEAN, Va. - Hilton (NYSE: HLT) has signed a franchise agreement with GdF Hotel Srl to open Grand Hotel Villa Torretta Milan Sesto, Curio Collection by Hilton. The hotel will open later this year and joins two Curio Collection by Hilton hotels in Italy, including properties already operating in Rome and Tuscany. The hotel will be situated in a 16th century villa which was once the country retreat of Milanese aristocrats. Many of the renaissance building's historic features were restored in an extensive renovation in 2002, including priceless frescos which now adorn the hotel's public areas and some of its 77 guest rooms and ...
Hospitality Financial Leadership – Business Acumen and Women
David Lund | June 11, 2018
By David Lund I may have caught your attention with this potentially explosive title, so I hope you will read this and either help change this inside your hospitality business or personally get your hospitality business acumen on, whether you're a woman or not. In my experience in the last 35+ years I know three things are true about women and business acumen. By the way, I think the word "acumen" is the wrong word simply because it has the word men in it. To my way of thinking it is a non-starter right out of the gate because it sounds sexist. To me the words to describe any manager who has their stick together with the numbers side of...
Top Countries & Cities in the Middle East and Africa Hotel Construction Pipelines Are Saudi Arabia, UAE and Qatar
Lodging Econometrics | June 11, 2018
June 11, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), the top countries in the Middle East Construction Pipeline are: Saudi Arabia with 209 Projects/72,680 Rooms, United Arab Emirates with 208 Projects/58,930 Rooms and Qatar with 58 Projects/13,667 Rooms. Cities in the Middle East with the largest pipelines are: Dubai, UAE with 161 Projects/46,420 Rooms, Provincial, Saudi Arabia with 60 Projects/10,859 Rooms and Riyadh, Saudi Arabia with 58 Projects/10,885 Rooms. The top countries in the Africa Construction Pipeline are: Nigeria with 38 Projects/6,561 Rooms, Ethopia with 30 Projects/5,31...
Owned by Westlakes Lodging and Managed by Gulph Creek Hotels, Fairfield Inn & Suites by Marriott Opens in Berwyn, Pennsylvania
Fairfield Inn & Suites | June 11, 2018
Berwyn, PA – June 12, 2018 – The 124-room Fairfield Inn & Suites by Marriott in Berwyn, Pennsylvania will open today with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 1005 Westlakes Drive, the Fairfield Inn & Suites Philadelphia Valley Forge/Great Valley will operate as a Marriott franchise, owned by Westlakes Lodging, LP and managed by Gulph Creek Hotels of Wayne, Pennsylvania. General Manager Francis Worley leads the management team at the hotel for Gulph Creek Hotels. Located on Rte. 252 near the intersection of Rte. 202 in the Westlakes Office Park, the Fai...
The Rainmaker Group Partners With Sonesta Resorts St. Maarten and The Maho Group in Caribbean
Rainmaker | June 11, 2018
Company to provide revenue and profit analytics to Sonesta St Maarten properties affected by Hurricane Irma ALPHARETTA, GA – June 11, 2018 – The Rainmaker Group (Rainmaker) has partnered with The Maho Group, operating the Sonesta Resorts in St. Maarten, to assist them in their re-opening phase and recovery in the wake of the impacts from Hurricane Irma. By providing revenue and profit analytics as well as pricing optimization for group and transient business, Rainmaker will assist Sonesta's aim of bringing tourism back to St Maarten and building the fastest possible path back to financial stability. Mike Cowles, CEO of R...
Marriott, Hilton and AccorHotels Lead Construction Pipeline in the Middle East and Africa
Lodging Econometrics (LE) | June 8, 2018
June 8, 2018 – PORTSMOUTH, NH – According to the recent Hotel Construction Pipeline Trend Reports for Africa and the Middle East, the top hotel company construction pipelines in the Middle East and Africa are: Marriott International with 154 Projects/33,386 Rooms, Hilton Worldwide with 130 Projects/32,725 Rooms, AccorHotels with 103 Projects/25,430 Rooms, Radisson Hotel Group with 44 Projects/11,184 Rooms and InterContinental Hotels Group (IHG) with 31 Projects/7,445 Rooms. The largest brand in the Pipeline for each of the these companies are: Marriott's Courtyard with 23 Projects/5,033 Rooms, Hilton's full-service hotel wit...
Hilton Appoints Vera Manoukian as Global Brand Head of Hilton Hotels & Resorts
Hilton | June 7, 2018
MCLEAN, Va. - Hilton (NYSE: HLT) today announced the appointment of Vera Manoukian as Senior Vice President and Global Head, Hilton Hotels & Resorts. Effective June 11, 2018, Manoukian will oversee the brand portfolio for Hilton Hotels & Resorts and will be responsible for promoting, elevating and growing the iconic brand. "We are thrilled to have Vera as the newest member of our brand management leadership team," said Jon Witter, Chief Customer Officer. "She is extremely well-regarded within the hospitality industry, and given her diverse global business experience, I am confident she will be a tremendous asset to Hilton and ou...
The Middle East and Africa Hotel Construction Pipelines Continue to Grow
Lodging Econometrics | June 7, 2018
June 7, 2018 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the Construction Pipelines for the Middle East and Africa continue to grow resulting in 875 Projects/216,045 Rooms combined, according to LE's recent Trend Report. The Total Middle East Pipeline has 594 Projects/170,490 Rooms and is up 23% by rooms Year-Over-Year (YOY). This is the 16th consecutive quarter of pipeline growth seen by the Middle East. In the Middle East, there are 358 Projects/113,830 Rooms Under Construction, up 13% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 127 Projects/31,752 Roo...
HFTP Introduces Startups, Judge’s Panel and Mentors for Entrepreneur 20X at HITEC Houston
HFTP | June 6, 2018
E20X Houston will feature six expert judges, nine mentors and 16 startups Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce the selected hospitality technology startups, expert judges panel and industry mentors that will participate in Entrepreneur 20X (E20X) at HITEC Houston. Sponsored by Amadeus, the E20X pitch competition will take place in room 342 on Monday, June 18, 2018 from 1:00 to 4:00 p.m. inside the George R. Brown Convention Center in Houston, Texas USA; all registered HITEC attendees are welcome to atten...
Can I Book My Next Trip on Amazon? An Open Letter to Jeff Bezos
Alan E. Young | June 6, 2018
By Alan E. Young Dear Mr. Bezos, Amazon has long-since established itself as the fabric that holds together a world of consumers looking for an easy, effective and value-oriented environment to purchase almost anything - except for travel. As a veteran of the hospitality and travel technology industry, I believe Amazon should extend its footprint and offer travel and hotel products to deepen its relationship with customers and position itself as the ultimate end-to-end travel ecosystem. Though Amazon has offered flash deals and travel-related services in the past and Amazon Destinations tested the waters briefly, you have never really t...
U.S. Hotel Deal Pace Going Strong
JLL | June 6, 2018
South Florida single-asset hotel trades to reach $2 billion by year-end, matching 2015 peak NEW YORK, June 5, 2018 – In the first trimester of 2018, U.S. hotel transaction volumes reached more than $11.9 billion – a 93.0 percent increase over last year, according to preliminary figures released by JLL. Deal pace is driven by South Florida and West Coast markets including Hawaii, resort properties, and portfolios of prime full service hotels. The exceptional transactions activity to date is underpinned by the acceleration in performance growth. Cap rates sharpened further due to the high profile of assets transacted and ongoi...
