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
The Rainmaker Group Now Integrates With Hotel Property Management System, RoomKeyPMS
Rainmaker | May 24, 2018
ALPHARETTA, GA. — May 24, 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that the integration between RoomKeyPMS and revintel®, Rainmaker's business intelligence (BI) solution, is now officially live. An early adopter of this new integration is The Spectator Hotel, a boutique property in Charleston, SC, managed by Charlestowne Hotels. "We're excited to finally have a best-of-breed BI platform in our toolkit and look forward to rolling this out to additional Charlestowne properties," said Johnathan Capps, Vice President of Reve...
Hilton and Country Garden Hotels Group Form Strategic Partnership for Conversion of Properties to Hilton Brands
Hilton | May 23, 2018
SHANGHAI and McLean, Va., May 23, 2018 -- Hilton (NYSE: HLT) and Country Garden Hotels Group have announced a strategic partnership which will see numerous Country Garden hotel properties managed by Hilton, primarily with its DoubleTree by Hilton and Hilton Garden Inn brands. The partnership, formalized during a signing ceremony attended in Shanghai by Hilton CEO Christopher J. Nassetta and Country Garden Vice President Xie Shutai, sees an initial six hotels owned by Country Garden now trading as Hilton branded properties or in the pipeline. As one of China'slargest property developers, Country Garden has an existing portfolio of ov...
Ratanakorn Asset and IHG Sign Agreement for Development of Eight New Properties in Thailand’s Key Resort Destinations
IHG | May 23, 2018
IHG (InterContinental Hotels Group), one of the world's leading hotel companies, in partnership with Ratanakorn Asset, has announced the momentous signing of eight new properties in Thailand's key resort destinations of Pattaya, Rayong, Phuket, Khao Lak and Koh Samui. The multi-brand signing, consisting of new-builds and a conversion across the Holiday Inn®, Holiday Inn Express® and Staybridge Suites brands, will add more than 2,000 rooms and ramp up IHG's presence in the country, which already boasts the group's largest system size in the region. The hotels are set to open from this year to 2027. Clarence Tan, Managing Director...
General Manager Edmond Martinez Welcomes Guests to New 100-Suite Residence Inn by Marriott in Denver, Colorado
Residence Inn by Marriott | May 22, 2018
DENVER – May 22, 2018 – The 100-suite Residence Inn by Marriott in Denver, Colorado is scheduled to open today. Located at 6762 Tower Road, the all-suite Residence Inn Denver Airport/Convention Center will operate as a Marriott franchise, owned by DIA Development, LLC and managed by Baywood Hotels Inc. of Columbia, Maryland. Located six miles from Denver International Airport, the Residence Inn Denver Airport/Convention Center offers its guests convenient access to Gaylord Rockies Convention Center, Dick's Sporting Goods Park and The Shops at Northfield Stapleton. The extended-stay hotel is also nearby to Buckley Air Force B...
Owned and Managed by Easton’s Group of Hotels, Embassy Suites by Hilton Opens in Montreal
Embassy Suites by Hilton | May 22, 2018
MONTREAL, Quebec and MCLEAN, Va. - Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton (NYSE: HLT), announced today the opening of a new hotel in Montreal. Embassy Suites by Hilton prides itself on offering guests an approachable and stress-free experience at each of its hotel properties. The cutting-edge Embassy Suites by Hilton Montreal Airport is located on the Island of Montreal near the junction of the scenic St. Lawrence and Ottawa Rivers. It is conveniently located less than 15 minutes away from Montreal–Pierre Elliott Trudeau International Airport and its situation along the Route Trans-Canada...
Crescent Hotels & Resorts Opens 134-Suite Crowne Plaza® – Farmington Hills Following Renovation and Rebranding
May 22, 2018
(FARMINGTON HILLS, MI) (May 22, 2018) – Everett House Partners announces today that the 134-suite Crowne Plaza® – Farmington Hills, previously the Holiday Inn® Farmington Hills, has recently opened. Located at 37529 Grand River Avenue, the property is approximately 20 minutes from downtown Detroit and offers shuttle service to nearby offices and local attractions. In addition to being owned by Everett House Partners, the property is managed by Crescent Hotels & Resorts, who manages several other IHG hotels. Larry Brown, General Manager, Crowne Plaza – Farmington Hills said: "With its proximity to Farmi...
Golden Entertainment Selects Comprehensive Rainmaker Suite to Drive Guest Bookings and Increase Profitability
Rainmaker | May 22, 2018
Company to Implement Rainmaker's Industry-Leading Revenue Optimization Solutions at Two Properties ALPHARETTA, GA. — May 22, 2018 —The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that Golden Entertainment Inc. (NASDAQ: GDEN) has selected a comprehensive Rainmaker suite to drive competitive advantage at two of the company's Nevada properties. The agreement marks Rainmaker's expansion in the U.S. gaming market. Golden Entertainment wanted an integrated cloud-based revenue management suite that would streamline operations, drive guest booki...
InterContinental® Debuts in Bulgaria With Opening of 194-Room InterContinental Sofia
IHG | May 21, 2018
InterContinental® Hotels & Resorts has brought modern luxury to Bulgaria with the opening of InterContinental® Sofia, an IHG® hotel, in the culture-filled capital city. Sofia, an untapped destination for UK travellers, blends history and modernity with its scattering of domed churches and ottoman mosques intertwined with the sheen of new buildings and striking historic architecture. Steeped in historical charm, it offers travellers a cultural escape as well as the dynamism and energy of a city on the up. Marking the brand's debut in Bulgaria but seventh opening in Eastern Europe, the hotel features 194 rooms, including 2...
Pebblebrook Responds to LaSalle – Blackstone Merger
Pebblebrook Hotel Trust | May 21, 2018
BETHESDA, Md--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today responded to LaSalle Hotel Properties' ("LaSalle") announcement that it has entered into a merger agreement with Blackstone at a price of $33.50 per share, a significantly lower price than Pebblebrook has been willing to pay. Pebblebrook is proposing to merge with LaSalle at a fixed exchange ratio of 0.9200 Pebblebrook common share for each LaSalle common share, with the option for LaSalle shareholders to elect to receive cash up to a maximum of 20% in the aggregate (subject to pro rata cutbacks). Based on Pebblebrook's closing share price on May 18, 2018, this impl...
Hospitality Financial Leadership: The Three Dimensions of Delegation
David Lund | May 21, 2018
By David Lund Delegation has three dimensions that are powerful tools. Delegation is also quite often misunderstood. In this article I am going to explain my thoughts on how to use delegation to be more productive, to grow your own abilities and to help you see the way forward using delegation to develop others. First off let's examine what delegation is all about and clear up some misunderstandings. I for one was not a fan of being delegated to early in my career and I did not understand how to use it properly. I thought I was being "put upon" by being delegated to. It was not until I had my first post as an assistant controller that I...
Cost vs Price vs Value of a Hotel Room
Hotelivate Private Limited | May 21, 2018
Frequently confused, often used interchangeably and seldom understood – The cost, price and value of a hotel are not the same thing! It is rather surprising that industry stakeholders routinely seem to obfuscate these distinct terms and their implications on the worth of an asset. This article aims to set the record straight and explain the specific differences when performing a hotel's monetary assessment. In a bid to avoid 'death by jargon', I'm also going to tell you a story… COST The total cost of a hotel is simply the accumulation of all expenditures incurred during the tenure of its development. This could include (bu...
Marriott and Simon Expand Relationship With Plans to Open at Least Five Additional Hotels at Simon Shopping Centers
Simon | May 18, 2018
Marriott International and Simon announced their plans to open at least five new hotels at Simon shopping centers over the next several years. From South Florida to New York's Long Island, Simon's premier shopping, dining, entertainment and mixed-use destinations are increasingly becoming ideal hotel destinations – offering consumers amenities steps from their room and re powerful combination that optimizes real estate values. "With consumers increasingly gravitating toward walkable, mixed-use communities, opening new hotels alongside Simon's thriving retail destinations is an important part of Marriott International's growth stra...
Waldorf Astoria Hotels & Resorts Plans Conversion of Mandarin Oriental on Las Vegas Strip to Waldorf Astoria Las Vegas
Waldorf Astoria Hotels & Resorts | May 17, 2018
LAS VEGAS, Nev. and MCLEAN, Va. – May 17, 2018 – Waldorf Astoria Hotels & Resorts, Hilton's (NYSE: HLT) iconic luxury hotel brand, today announced plans to convert the Mandarin Oriental on the Las Vegas Strip to the Waldorf Astoria Las Vegas in August 2018. Waldorf Astoria will assume full operation of the property with plans to re-imagine and renovate the hotel with brand touches and improvements. When the property opens as the Waldorf Astoria Las Vegas it will be at the epicenter of the entertainment capital and the brand's first property in the market. With elevated offerings alongside Las Vegas' most sought-after att...
Summer In The City: Marriott International Study Finds Cities Top the List for Vacation Plans
Marriott International, Inc. | May 16, 2018
New York City, Orlando and Chicago top travelers' lists; Children ages 6-12 have greatest involvement in picking trip destinations If your summer vacation this year brings you to a big city, lasts for four days, and includes a destination that your son or daughter picked, don't be surprised. Marriott International's newly released Second Annual U.S. Summer Travel Trends Report says that travelers are favoring cities over beaches in Summer 2018 and planning to take an average of two trips. And among families with children, it's becoming more common for the kids to pick the destination, the report shows. "Pack your walking shoes because f...
Waldorf Astoria Chicago and Conrad Chicago Appoint Todd Temperly as General Manager
the Waldorf Astoria Chicago | May 16, 2018
CHICAGO – May 16, 2018 – The prestigious AAA Five Diamond award-winning Waldorf Astoria Chicago and the Conrad Chicago have appointed Todd Temperly as General Manager of Hilton's two premier luxury properties located in the heart of downtown Chicago. In his new position, Temperly will be responsible for the day-to-day operations of the luxury 215-room and 289-room hotels, both owned by Geller Capital Partners. "I'm thrilled to return to the incredible city of Chicago and have the opportunity to create unforgettable guest experiences at two esteemed luxury hotels," said Todd Temperly. "It's an honor to work with two dynamic t...
Noble Merchant Properties Selects Hotel Equities to Manage Four New-Build Hotels in Texas
Hotel Equities | May 16, 2018
Atlanta, GA – May 16, 2018 – Atlanta-based Hotel Equities [HE] announces the addition of four new-build hotels in Texas; a Tru by Hilton in Cypress, the extended-stay Home2 Suites by Hilton in Richmond, the Holiday Inn Express in Katy and the La Quinta Inn & Suites in Spring. The hotels are owned and being developed by Noble Merchant Properties based in Sugarland, Texas. The addition of this diverse group of hotel brands is a complement to Hotel Equities' growing Texas portfolio. Joe Reardon, Sr. Vice President of Business Development and Marketing for Hotel Equities said, "We are pleased to partner with this ownership g...
HSMAI Recognises Tech Innovation of Smart Space by IDeaS
HSMAI Europe | May 16, 2018
- HSMAI Region Europe Awards recognises Smart Space by IDeaS - Industry's leading solution helps hoteliers make informed decisions about M&E business LONDON, May 16, 2018 – Smart Space by IDeaS was honoured by HSMAI, the world's leading hospitality sales and marketing association, for its innovative role in allowing hoteliers to analyse the trends and performance of their meetings and events (M&E) space. April's HSMAI Europe's Best Tech Innovator of the Year awards recognised Smart Space, with the judging panel acknowledging the platform's role in connecting revenue managers and event sales managers with unprecedented vis...
Lingerfelt CommonWealth Partners to Purchase and Rebrand Virginia Beach Resort Hotel & Conference Center With $44 Million Capital Investment
Lingerfelt CommonWealth Partners, LLC | May 15, 2018
VIRGINIA BEACH, Va. (May 15, 2018) — Lingerfelt CommonWealth Partners, LLC, a vertically integrated, real estate income fund management firm headquartered in Richmond, Va., will purchase the Virginia Beach Resort Hotel & Conference Center at 2800 Shore Drive for $19 million. Lingerfelt CommonWealth Partners has hired Commonwealth Lodging Management, LLC, a hospitality management and consulting firm headquartered in Virginia Beach, to operate and manage the hotel/conference center, which comprises 263,328 square feet with 295 suites on a 3.6-acre site along the Chesapeake Bay. Lingerfelt CommonWealth Partners plans a major $25 ...
Hilton Signs Two Tapestry Collection Properties in Lima, Peru: Hotel Bel’Arte Lima and Hotel Museo de Osma
Tapestry Collection by Hilton | May 15, 2018
McLEAN, Va. – May 15, 2018 – Hilton (NYSE: HLT) today announced the signing of two Tapestry Collection by Hilton agreements in Lima, Peru: Hotel Bel'Arte Lima and Hotel Museo de Osma – representing the first international properties for Hilton's 14th brand created for travelers looking for a unique, upscale hotel experience. These new deals form part of Hilton's development pipeline of eight hotels in Peru, with plans to add more than 1,000 rooms in key markets throughout the country. "As Hilton continues expanding in Latin America, our team has strategically focused on pursuing opportunities in Peru, one of the re...
Hospitality Financial Leadership: Why Teaching Accounting in Hotel School Is a Waste of Time
David Lund | May 14, 2018
By David Lund I have a dream. My dream is that the numbers, the numbers that so many managers agonize over in our industry, are just as accessible as guest service and employee engagement. Let me put this another way for more clarity: I want you and the other leaders and managers in your hotel to be just as comfortable dealing with the numbers as you are dealing with guests and colleagues. You might be thinking that is a tall order. Well, I do not think so. I have seen many managers overcome their fear and confusion with the numbers. I also believe a big part of why the numbers scare so many people off is because we "seemingly" do not k...
Hotel Lawyer Jeffrey T. Myers Joins JMBM’s Global Hospitality Group®
May 14, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 07 May 2018 LOS ANGELES—Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce that hospitality lawyer Jeffrey T. Myers has joined the Firm as a Partner in JMBM's Global Hospitality Group® and Real Estate Department. Myers' practice focuses on the development, financing, acquisition, and operation of hotels, resorts and other hospitality properties. His clients include developers, capital providers, commercial lessors, and tenants. He has assisted clients in a full range of hospitality projects including hotels, ...
Proposition 65 Defense Lawyer: Is Your Hotel Ready for the New Prop 65 Regulation Deadline? / Jim Butler
Jim Butler | May 14, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 07 May 2018 Advice from a Proposition 65 Compliance & Defense lawyer for hotels. For many years, businesses operating in California have been plagued by "bounty hunter" and government lawsuits brought under Proposition 65 — the California law that requires warnings about hazardous substances. The technical disclosure requirements have bedeviled many legitimate businesses for some time. From our continuous interaction with members of the hotel industry, it appears to us that many are not aware of new requirements they must meet b...
Owned and Managed by Daly Hotel Management, New Fairfield Inn & Suites by Marriott Opens in Athens, Tennessee
Fairfield Inn & Suites | May 14, 2018
Athens, TN– May 21, 2018 – The 100-room Fairfield Inn & Suites by Marriott in Athens, Tennessee is scheduled to opened Tuesday, May 15, 2018 with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 106 Burkett L. Witt Boulevard, the Fairfield Inn & Suites Athens will operate as a Marriott franchise, owned and managed by Daly Hotel Management of Greensboro, North Carolina. General Manager Cory Grubb and Director of Sales Melody Gibby lead the management team at the hotel. Whether traveling for business or pleasure, the Fairfield Inn & Suites Athens offers guests co...
Avison Young Hospitality Group Discusses 2018 Hospitality Market Trends
Avison Young | May 10, 2018
Principal H. Keith Thompson highlights key developments during 2018 By: H. Keith Thompson, principal, Avison Young Hospitality Group Thursday May 10, 2018 The last five months have been unusual for the hotel transaction market. Some of the hotel real estate investment trust (REIT) stocks began to compress in late January, resulting in fewer REIT purchases than the first five months of the same time period in recent years. This market change began after the ALIS hotel investor conference in late January, which is somewhat countercyclical, given there is usually an uptick in stocks after investment conferences. Clearly, market analysts he...
