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
Factors Driving Hotel Wellness, Asset Management and Revenue
Mia A. Mackman | April 17, 2018
By Mia A. Mackman This article reveals how spa and wellness aspects are disseminated throughout the whole guest experience, and how wellness motivated design and construction elements complement property development, enhance marketability and engagement and is spurring new growth across the hospitality sector. This article also examines how critical management adjustments, and product and service enhancements can significantly add value, increase RevPAR and improve average daily rate performance. Built-In from the Ground Up Hotel design aspects have lined up with wellness construction counterparts and evolved into a thriving wellness-...
IHG Signs With Roquebrook for Hotel Indigo Gibraltar, an Adaptive Re-Use Project in Spain
IHG | April 16, 2018
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, is proud to announce the signing of Hotel Indigo® Gibraltar, under a franchise agreement with property developers, Roquebrook. Often considered a home away from home for the British, Gibraltar offers guests a slice of British culture on Spain's southern coast. Home to some of the most dramatic landforms in southern Europe, such as The Rock in the Upper Rock Nature Reserve, and famous natural caves, Gibraltar has much to offer nature enthusiasts as well as those seeking the hustle of a great range of festivals and nightlife. Located close to the Old...
Hospitality Financial Leadership – Catch Me If You Can: It’s a Game of Confidence
David Lund | April 16, 2018
By David Lund Frank Abagnale is arguably the world's most famous modern-day impostor. Leonardo DiCaprio played his character in the 2002 movie directed by none other than Steven Spielberg, with the same title as this piece. The movie was based on the 1980 book that Frank wrote. I am writing about Frank Abagnale because I had the pleasure of meeting him personally, and experiencing his trickery, just a little. Also, there is a direct link between what his story is all about and your own financial leadership journey. If you have not seen the movie, watch it. Tom Hanks plays the lawman chasing after Frank and it is a wild ride. The book is...
Hospitality Experts Gather for HFTP’s Second European HITEC
HITEC | April 16, 2018
European counterpart of HFTP's HITEC education stellar, exhibitor experience disappointing In its second year, Hospitality Financial and Technology Professionals (HFTP®) European HITEC® was held last week where top industry experts exchanged knowledge geared toward shaping the future of hospitality globally. Discussions were held on the hottest topics in the industry – artificial intelligence, voice recognition, data science, robotics, customer journey and the EU GDPR. Over 100 companies displayed the latest in available hospitality technology products available around the globe. Kicking-off the event was HFTP's Entrep...
Hotel Equities Selected to Operate New Fairfield Inn & Suites by Marriott® Toronto East Breaking Ground July 2018
Hotel Equities | April 12, 2018
ATLANTA, GA - (April 12, 2018) – Atlanta-based Hotel Equities announced its selection as the management firm for a new-build Fairfield Inn & Suites by Marriott-Toronto East located in Ajax, Ontario. Owned by Attica Hotels Ltd. and developed by Suncity Development Ltd. of Toronto, ON. The 120-room property is scheduled to break ground July 2018. "We are pleased to expand our management portfolio into the town of Ajax, one of the fastest growing markets in Canada," said Joe Reardon, Sr. Vice President of Business Development & Marketing for Hotel Equities. The firm has a proven track record of success with our recent growth ...
HFTP Shares Dates and Location for Second Annual HITEC Dubai
HITEC | April 11, 2018
Save the date for December 5-6, 2018 at the Madinat Jumeirah in Dubai, UAE Building on the expertise of planning and producing the world's largest hospitality technology show, Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), will host HITEC Dubai 2018 from December 5-6, 2018 at the Madinat Jumeirah in Dubai, UAE. Produced in partnership with Naseba, HFTP's HITEC Dubai will serve as the association's third and final HITEC of 2018. The event is a Middle Eastern counterpart to the tremendously successful annual HITEC which brings...
Hospitality Design Group and Hilton Partner on Design Challenge
HD Expo | April 11, 2018
Winner of the Box, a Hospitality Design event, to be brought to life at HD Expo New York, NY (April 11, 2018) – Hospitality Design Group has partnered with Hilton on the Box, a one-of-a-kind design competition that in January, challenged 12 top design firms to create the ultimate luxury guestroom in 24 hours. The winning concept, from Toronto-based Chapi Chapo Design in collaboration with the two dozen sponsoring manufacturers, will make its debut on the show floor at booth #1883 during HD Expo, May 2-4 at the Mandalay Bay Convention Center in Las Vegas. "When Hilton came to us with the idea, I jumped on the chance. It was amazing...
Hilton and Scenic Land Company Partner for The McLemore Resort Lookout Mountain Joining Curio Collection in 2020
Curio Collection by Hilton | April 10, 2018
LOOKOUT MOUNTAIN, Ga. and MCLEAN, Va. - Designed as a mountaintop haven for guests looking for weekend getaways, special occasions and weekday corporate events, The McLemore Resort Lookout Mountain, Curio Collection by Hilton is the result of a partnership between Chattanooga-based Scenic Land Company and Hilton (NYSE: HLT). The upper upscale hotel, conference center and spa, set to join Curio Collection by Hilton in 2020, will offer 180 rooms and over 10,000 square feet of conference space set within a more than 800-acre mountaintop golf resort development. Sitting at over 2,000 feet above sea level, guests will enjoy dramatic, cliffsi...
Infor EzRMS Mobile App Enables Revenue Management on the Go
Infor | April 10, 2018
New Application Provides Ultimate Flexibility for Hospitality Industry NEW YORK - Apr 10, 2018 - Infor, a leading provider of industry-specific cloud applications, today announced the availability of Infor EzRMS Mobile as part of the company's overall portfolio of Hospitality Revenue Management Solutions. The application, available through Google Play™ Store and Apple App Store, enables users to stay on top of their business by providing critical information on mobile devices. It provides the right information at the right time so hoteliers can analyze trends and make pricing decisions on the go. Infor EzRMS Mobile provides a ...
Hospitality Financial Leadership – Management Incentive Plans
David Lund | April 9, 2018
By David Lund Recently I have been working with a client who has four hotels and we worked on putting together an incentive plan for his executives. This is a story about how we structured the incentive and the goals around the plan and his business. Bonus plans or management incentive plans are nothing new. Even a recent client had almost always given his senior people an annual bonus, typically at the holiday time. When I asked him what it was based on, he said it was just the overriding feeling of his thanks for a job well done. We then discussed the very real fact that he had not shared his financials with his leaders and this was s...
Managed by Diagonal Hotels, Curio Collection by Hilton Debuts in City of Love with First Hotel in Paris
Curio Collection by Hilton | April 5, 2018
PARIS and MCLEAN, Va. - Hilton (NYSE:HLT) announced the opening of Niepce Paris Hotel, Curio Collection by Hilton today. The hotel was hand-picked to be a part of the exclusive collection of one-of-a-kind, independent hotels and resorts all celebrated for their individuality. Located in the heart of the artistic district of Montparnasse, Niepce Paris Hotel offers guests close proximity to unexpected treasures, while being in one of the most sought-after capitals in the world. "We are pleased to welcome Niepce Paris Hotel to Curio Collection by Hilton, as we make our debut in the iconic city of Paris," said Mark Nogal, global h...
Hotel Supply in France: Nothing Begets Nothing
Georges Panayotis | April 4, 2018
By Georges Panayotis Without a doubt the machine is jammed. The French hotel supply has been stable for nearly 15 years. Meanwhile, all other major and competing destinations have largely developed their supplies in the face of globalization and the liberalization of trade and travel. This is true in Germany, Spain, the United Kingdom... It is time to check out and service the engine driving France's supply before it breaks down for good. For the moment there is a fuel shortage, but care must be taken because the malfunction is getting worse. While depending on the method – including listed hotels or not, those closed for works, i...
Hilton San Francisco Union Square and Parc 55 – A Hilton Hotel, Welcome Terry Lewis as the New Complex General Manager
Hilton San Francisco Union Square | April 3, 2018
SAN FRANCISCO – April 4, 2018 – Hilton today announced the appointment of Terry Lewis as Complex General Manager of Hilton San Francisco Union Square and Parc 55 – A Hilton Hotel. With nearly 3,000 guestrooms, more than 164,000 square feet of meeting and event space and eight food and beverage outlets, Hilton San Francisco Union Square and the adjacent Parc 55 – A Hilton Hotel together comprise one of the largest hotel complexes in the Western United States. The hotels are uniquely positioned at the center of San Francisco's three distinctive neighborhoods featuring the city's most popular attractions, including ...
Hospitality and Financial Technology Professionals (HFTP) to Develop Joint Program for Students of the NYU School of Professional Studies
the NYUSPS Jonathan M. Tisch Center for Hospitality and Tourism | April 2, 2018
AUSTIN, TEXAS, USA (April 2, 2018) — Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce the joint development of a new program with the NYU School of Professional Studies (NYUSPS ) Jonathan M. Tisch Center for Hospitality and Tourism, which provides the students with the opportunity to prepare for their HFTP Certified Hospitality Technology Professional (CHTP ®) designation. The program, which is expected to launch in the 2018-2019 academic year, will include HFTP-approved CHTP information in the School's 14-week class syllabus. A faculty advisor, who has attained and maintains the CHTP c...
Hospitality Financial Leadership – The OTA Distraction – Pushing Rather Than Pulling
David Lund | April 2, 2018
By David Lund You cannot go a day online in the hotel community without seeing a ton of OTA related discussion. Hoteliers are like scared kittens when it comes to how they have been treated by the evil empire that the "On-Line Travel Agencies" has created. There is no doubt that the OTAs have dramatically changed the landscape in the last 20 years since Expedia bounced into the world under the strict parenting of Microsoft. In this piece, I want to offer a different perspective—one based on a different view of the OTA revenue creation and resulting costs. I also want to look at and analyze some black and white revenue and profit f...
Owned by American Life, the Embassy Suites by Hilton Seattle Downtown Pioneer Square Opens
Embassy Suites Hotels | April 2, 2018
SEATTLE and MCLEAN, Va - Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton (NYSE: HLT), announced the opening of a new hotel located in Pioneer Square, Seattle's first neighborhood. The bright and modern Embassy Suites by Hilton Seattle Downtown Pioneer Square is conveniently located near all attractions the city is known for, including Pike Place Market, Pier 55 and the Seattle Art Museum. With its close proximity to CenturyLink Field and Safeco Field, guests are a short walk away to various sporting events. The hotel is also located next to King Street Station off I-5 and just a mile from ferry terminal...
Completing Conversion, Interstate Europe Opens Hotel Indigo Durham with Paul Borg as General Manager
Hotel Indigo | April 2, 2018
Famous for its eponymous university, Durham is laden with historic pubs, listed buildings, cosy cafes and spellbinding churches, surrounded by rolling countryside and quiet villages. Durham may be quaint, but the University's Botanic Gardens, compete with woodland and tropical plants, the River Wear and the city's striking scenery provide visitors a retreat into peace and tranquillity or the perfect opportunity to get outdoors. A stone's throw from the city's cathedral and castle – which together make up the city's famous UNESCO World Heritage Site – the hotel is also within easy walking distance from Durham train sta...
IHG Signs With Watson Elite for Hotel Indigo Sydney Central Set to Open in 2021
IHG | March 29, 2018
Travellers will soon have a refreshingly local way to satisfy their curiosity when staying in Sydney, with the signing of Hotel Indigo Sydney Central by IHG® and Watson Elite. No two Hotel Indigo properties are the same, with each drawing on the story of its local area to inspire every aspect of the hotel to help guests feel part of the destination. That's why Sydney's Central precinct, with its rich history, is the perfect fit for the brand. When it opens in 2021, Hotel Indigo Sydney Central's design, created by Bates Smart, will draw its unique identity from the neighbourhood's rich heritage and the nuances of the site. The cantil...
HITEC Amsterdam 2018 Entrepreneur 20X Participants and Judge’s Panel Announced
HITEC | March 29, 2018
HFTP selected 11 hospitality technology startups and four expert judges for E20X Amsterdam 2018 Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce the selected hospitality technology startups and expert judges panel that will participate in Entrepreneur 20X (E20X) at HITEC Amsterdam next month. All registered HITEC attendees are welcome to attend the action-packed pitch competition taking place on Wednesday, 11 April 2018 beginning at 14:30 in the RAI Amsterdam Convention Centre. Participants will have access to a tea...
LaSalle Hotel Properties Board of Trustees Confirms Unanimous Rejection of Unsolicited Proposal from Pebblebrook Hotel Trust
LaSalle Hotel Properties | March 28, 2018
Grossly Inadequate Proposal Significantly Undervalues LaSalle and is Not in the Best Interests of Shareholders LaSalle Reiterates Confidence in its Ability to Deliver Exceptional Value to Shareholders Emphasizes Commitment to Previously Announced Share Repurchase Program Announces Dividend Policy for 2018 BETHESDA, Md. - March 28, 2018 - LaSalle Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") today confirmed that its Board of Trustees (the "Board") unanimously rejected an unsolicited proposal received on March 6, 2018 from Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") to acquire all outstanding shares of LaSalle in...
Pebblebrook Hotel Trust Releases Letters to LaSalle Hotel Properties Proposing Merger
Pebblebrook Hotel Trust | March 28, 2018
BETHESDA, Md. - March 28, 2018 - Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") today released two letters, dated March 6, 2018 and March 20, 2018, to LaSalle Hotel Properties (NYSE: LHO) ("LaSalle") in which Pebblebrook proposed a share-for-share merger. The proposal represented an implied merger price of $30.001 per LaSalle common share, representing a premium of 18.0% to LaSalle's trailing 10-day VWAP as of March 5, 2018, based on the proposed fixed exchange ratio of 0.8655 Pebblebrook common shares for each LaSalle common share. As of the close on March 27, 2018, the implied merger price was $29.952 per LaSalle common share...
Embassy Suites by Hilton Miami International Airport Completes $10 Million Renovation
Embassy Suites by Hilton | March 28, 2018
Miami, Fla. – March 2018 – The 318-suite full-service Embassy Suites by Hilton Miami International Airport, has completed a $10M renovation of its atrium, lobby, restaurant, lounge, meeting space, breakfast area, fitness center and public space. The refresh includes design elements to brighten the ambiance and update amenities providing a fresh, modern urban environment for the only Embassy Suites by Hilton Hotel in the Miami area. Located near the Miami International Airport, the hotel was inspired by the color palette that surrounds the Florida landscape. The new design creates a soothing and comfortable, at-home atmospher...
WTTC Research Shows Travel & Tourism Responsible for Creation of 7 Million New Jobs Worldwide
WTTC | March 27, 2018
WTTC's annual Economic Impact Research, released today, shows that Travel & Tourism was responsible for the creation of 7 million new jobs worldwide. The report also shows that 2017 was a bumper year for the global Travel & Tourism sector, which grew at 4.6%, much faster than the economy as a whole (3% growth during 2017). Gloria Guevara, WTTC President & CEO said, "Travel & Tourism creates jobs, drives economic growth and helps build better societies. Our research shows that our sector was responsible for the creation of one in five of all jobs globally. In the last few years, Governments around the world are realising ...
Singha Estate PCL Partners With Hilton to Open New 198-Room Boutique Resort in the Maldives by End-2018
Singha Estate Public Company Limited | March 27, 2018
MALDIVES and MCLEAN, Va. - Hilton (NYSE: HLT) has entered into a franchise agreement with Singha Estate Public Company Limited (Singha Estate PCL) to open a new boutique resort in the Maldives, which will join the Curio Collection by Hilton portfolio of nearly 50 upper upscale independent hotels around the world. The new Curio Collection property forms part of CROSSROADS project, the first-ever integrated leisure and entertainment resort destination that is currently under development in Emboodhoo Lagoon, Maldives. The new resort will be managed by S Hotels & Resorts, a subsidiary of Singha Estate PCL, and is scheduled to open in en...
