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
Avison Young Hospitality Group Announces January 2018 Closings
Avison Young | February 12, 2018
ATLANTA – February 12, 2018 – The Avison Young Hospitality Group announced today that it has brokered the transaction of six hotels in January. The hotels included a full-service Marriott, a Courtyard by Marriott, two Marriott Fairfield Inns, one Red Roof Inn and one Comfort Inn. The hotels were located in Chicago, Washington, D.C., El Paso, Texas, High Point and Greensboro, N.C., and Columbus, Ga. Avison Young Hospitality Brokers involved in these sales were Brad Sinclair, Andy Broad, Rick George, Wendy Blissett, Rex Cagle, Michael Bernath, Thierry Roch and John James. "Our market advice to sellers for the last eight months...
Anichi Development Breaks Ground on 120-Room Anichi Resort in Dominica Set to Open Late 2019
Dominica | February 12, 2018
Roseau, Dominica – (February 12, 2018) Principals of the Anichi Resort and Spa hosted Prime Minister Roosevelt Skerrit and members of his Cabinet in a ground breaking ceremony for the 120 room property to be built in the northern town of Portsmouth. This boutique property will be operated by Trust Hospitality under the Autograph Collection Hotels brand of Marriott and is expected to open in late 2019. According to Alick Lawrence, CEO of Anichi Development, "This ground breaking ceremony is particularly relevant post Hurricane Maria, as it shows the resiliency of our people while instilling trust in the economic climate and hope in...
Dori Familiant Appointed General Manager Hilton McLean Tysons Corner
Hilton | February 12, 2018
MCLEAN, VA. – FEBRUARY 12, 2018 -- Dori Familiant has been appointed general manager of Hilton McLean Tysons Corner, according to Doug Gehret, Area Vice President, Park Hotels. Located in the Northern Virginia Technology corridor close to many major corporate headquarters, including Hilton headquarters, the 458-room hotel serves as an Innovation Hub where many of new meeting, guest room, service, technology and food and beverage concepts are tested. His appointment is effective immediately and he will oversee the day-to-day operations of Hilton McLean Tysons Corner. Prior to this appointment, Familiant held the general manager pos...
Brand Finance Hotels 50 Claims Marriott Closer to Checking In as Most Valuable Hotel Brand
Brand Finance | February 8, 2018
Hilton remains world's most valuable hotel brand but lead over Marriott shrinks 74%; Premier Inn and Holiday Inn are strongest hotel brands as consumers appreciate value for money; Airbnb's disruptive presence only set to grow as it targets business travellers For the third year in a row, Hilton is the world's most valuable hotel brand, with a brand value of US$6.3 billion. However, recording a 24% fall from last year, Hilton has seen their lead at the top over Marriott shrink from more than US$3.3 billion to just US$865 million, a staggering 74% reduction. As Hilton's brand value decreased, Marriott improved its brand value 8% to just...
Carlson Rezidor Hotel Group Expands Its Development Team in the Americas with Nine Appointments
Carlson Rezidor Hotel Group | February 8, 2018
MINNEAPOLIS (February 8, 2018) – Carlson Rezidor Hotel Group, one of the world's largest and most dynamic hotel groups, today announced the appointment of nine field directors within its development team. This new geographical structure allows the team to work more effectively with franchise owners and operators in addition to other business areas across the organization. "The diverse backgrounds of the newly appointed directors will be an enormous asset to our Americas development team as we execute our new 5-year Plan," said Terry Sanders, chief development officer, Americas, Carlson Rezidor Hotel Group. "This new team and refre...
Hotel Zephyr Appoints Reggie Kumar as Director of Operations
Hotel Zephyr | February 8, 2018
SAN FRANCISCO (February 8, 2018) – Hotel Zephyr, a boutique waterfront property located in San Francisco, is pleased to announce the recent appointment of Reggie Kumar as director of operations at Hotel Zephyr. In his new role, Kumar is responsible for spearheading all operations for the 361-room property, including strategic planning, maximizing hotel efficiency, project management, and front office staff management. "We are so pleased to welcome Reggie to the Hotel Zephyr team," said Jason Williams, general manager at Hotel Zephyr. "With over a decade of experience working in the hospitality industry in Northern California, his ...
Hotel Sales Volume Declines, Average Price Per Room Increases Moderately
Lodging Econometrics | February 8, 2018
February 8, 2018 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), in 2017 there were 827 hotel transactions where selling prices were reported into the public domain. The Average Selling Price Per Room (ASPR) for the period was a reported $141,479, down from the peak of $154,230 set in 2015, but up 8.6% Year-Over-Year (YOY). There was $15.3B in purchases of hotel assets and property transfers in 2017, excluding M&A activity, down substantially from the peak established in 2015 of $26.1B. REITs were the largest net investors for their portfolios with $4.2B in investments, followed by privately held e...
Vertical Booking Adds More Than 1000 New Hotels in 2017
Vertical Booking | February 8, 2018
Portland, Ore – February 8, 2018 – Vertical Booking, a recognized leader in global reservation technology, announced today tremendous growth in 2017 with the addition of more than 1000 hotels utilizing their revenue generating solutions. "Vertical Booking continues to expand and grow worldwide because more and more hotels are realizing the benefits of a real-time, centralized solution designed to assist hoteliers in making more informed decisions and maximizing revenue," said Mark Lewis-Brown, President/CEO of Vertical Booking USA. Hotels rapidly jumped on board to utilize the plethora of reservation upselling tools designed...
Urgo Hotels & Resorts Selects Aptech’s Enterprise Financial Systems for 42 Properties
Urgo Hotels and Resorts | February 8, 2018
Urgo Taps Aptech's Execuvue Business Intelligence, Targetvue Budgeting and Forecasting and PVNG Enterprise Accounting for Growing Family Business PITTSBURGH – February 8, 2018 – Aptech Computer Systems announced Urgo Hotels & Resorts selected its Execuvue® Hospitality Business Intelligence, Targetvue Budgeting and Forecasting and PVNG® Enterprise Accounting Systems. Aptech will automate data gathering, performance reporting and analysis, and accounting for Urgo's portfolio of properties. Aptech is the leading provider of business intelligence, budgeting and forecasting, and enterprise accounting hotel software s...
Free eBook: 6 Digital Marketing Trends that will Matter in 2018 | Milestone Inc.
Milestone | February 7, 2018
Free eBook from Milestone: The 6 Digital Marketing trends that will matter in 2018 Santa Clara, CA | February 7, 2018: Milestone announced today that it is making available its 2018 eBook titled: 6 DIGITAL MARKETING TRENDS THAT WILL MATTER IN 2018. In this free eBook, Milestone lays out the six major technology and digital marketing trends that will be critical to hoteliers worldwide in the ever changing world of digital marketing. The key trends included in the report are: DOWNLOAD THE eBOOK HERE The role of mobile in 2018 From mobile-first experiences to new technologies, a more interactive "app-like" experience will force marketers t...
Meisel Holdings Managed Services – Driven by Data, But Powered by Professionals
Meisel Holdings Managed Services | February 6, 2018
Rockville, MD – February 07, 2018 - Meisel Holdings Managed Services is expanding its hotel management division to offer hospitality management services to hotel owners and asset managers in the U.S. Founded by Marc Meisel, a long-time hotel management/development and commercial real estate leader, Meisel Holdings Managed Services specializes in yielding above-market profits and building long-term asset value for hotels and resorts. "We take a fresh approach to hotel management," Meisel said. "We don't blindly rely on "automated intelligence" to analyze data and make decisions. Instead, we collect your hotel's data and market info...
HFTP Introduces Keynote Speakers for HITEC Amsterdam 2018
HITEC | February 5, 2018
World's largest hospitality technology exposition and conference adds Frits van Paasschen and Nancy Rademaker to education program Hospitality Financial and Technology Professionals (HFTP®), producer of the Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce that Frits van Paasschen and Nancy Rademaker will serve as keynote speakers for HITEC Amsterdam 2018. Rademaker will present the opening keynote on 12 April from 09:00 to 10:30 about "Extreme Customer Centricity in a Networked World." Van Paasschen will present the closing keynote on 13 April from 13:30 to 15:00 about "Im...
HVS 2018 European Hotel Lending Survey Reports Positive Outlook for Financing Although Banks Showing Caution on Over-Supply
Peter Szabo | February 5, 2018
by Peter Szabo and Simon Hulten A survey of leading European banks has shown that despite on-going uncertainty surrounding Britain's exit from the EU they are still positive about lending on hotel projects in Britain, ranking the UK as their most preferred hotel lending market along with Germany and the Netherlands. According to the European Hotel Lending Survey 2018, published today by brokerage and investment services specialist HVS Hodges Ward Elliott, debt is widely available for all types of hotel projects across the continent. "Over the past year cautiousness due to increased political risks and economic policy challenges has been...
IHG Appoints Karin Sheppard as Managing Director for Europe
IHG | February 5, 2018
IHG® (InterContinental Hotels Group) has appointed industry leader Karin Sheppard as Managing Director for IHG across its European business. Based in IHG's global headquarters in Buckinghamshire, Karin is responsible for driving the sustainable long term growth of IHG and the performance of its European hotels. Karin brings more than 15 years of IHG experience and more than 20 years of international experience across technology, telecommunications and hospitality. Prior to her appointment as Managing Director for Europe in January 2018, Karin served as Chief Operating Officer (COO) of Australasia and Japan, leading the operations an...
Hospitality Financial Leadership – Free Property Management Software – More Disruption?
David Lund | February 5, 2018
By David Lund Our industry is ripe for all kinds of disruption. The two big disruptors today are online travel agents and home sharing services. If we look back, we see all kinds of "other" disruptors that seemed on first glance to be negative. In many cases, they ultimately helped solve a problem we could not master. Or, they ended up being better at the task than we were. The first and largest one that comes to mind is in food and beverage operations. The disruption comes in two forms: pure outside competition and internal desire. The outside disruption—the free-standing restaurant—has been prolific and its effects are deb...
Extended-Stay Hotels Account for 27% of All Projects Under Construction
Lodging Econometrics | February 2, 2018
February 2, 2018 – PORTSMOUTH, NH – According to recent reports from Lodging Econometrics (LE), 1,370 Projects/143,344 Rooms in the U.S. Construction Pipeline are extended-stay projects. Of these, 424 Projects/46,551 Rooms are Under Construction, accounting for 27% of all projects Under Construction in the Total Pipeline. Additionally, 605 Projects/64,121Rooms are Scheduled to Start Construction in the Next 12 Months while an additional 341 Projects/32,672 Rooms are in Early Planning. Home2 Suites by Hilton currently has the largest Extended-Stay Pipeline with 355 Projects/37,188 Rooms. The second largest brand is Marriott&#...
Hotel Equities Enters Canada; Creates Regional Support to Manage Two Marriott Hotels in Edmonton, Alberta
Hotel Equities | February 1, 2018
ATLANTA–February 1, 2018 – Hotel Equities has entered the Canadian market to oversee two Marriott hotels in Edmonton, effective immediately. Hotel Equities adds its first hotels in Canada after the firm's executive team recently restructured the organization to support both domestic and international growth. Located in Alberta, in the western region of Canada, the new Fairfield Inn & Suites by Marriott Edmonton North and the recently built TownePlace Suites by Marriott Edmonton South are owned by Iliyan Hospitality, Inc. Owners of Iliyan Hospitality explored several management options and felt Hotel Equities was a great ...
2.5% Growth Rate of New Hotel Openings Expected in 2018 & 2019
Lodging Econometrics | February 1, 2018
February 1, 2018 – PORTSMOUTH, NH – By the end of 2018, the Census of Open & Operating Hotels in the U.S. is expected to grow by 2.5% with 1,145 Projects/130,209 Rooms opening up according to published reports from Lodging Econometrics (LE). Of those expected to open, 514 Projects/50,165 Rooms will be Upper Midscale, the highest count of any chain scale and 45% of all new openings. 556 Projects/59,309 Rooms, almost 50% of new openings, will be suburban locations although the U.S. market with the most anticipated openings is New York with 57 projects/9,534 Rooms. In 2019, the Census is expected to grow another 2.5% by ope...
Participate in HFTP’s Entrepreneur 20X at HITEC Amsterdam
HITEC | February 1, 2018
Startups should apply online by 16 February, and mentors and volunteers should apply by 20 February Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is currently accepting applications for participants, judges and mentors for Entrepreneur 20X (E20X) at HITEC Amsterdam. Those who wish to participate in the European version of E20X can apply online; startups can apply here, and mentors and volunteers can apply here. E20X Amsterdam, a pre-conference event, will take place at 14:30 on Wednesday, 11 April at the RAI Convention Center in Amste...
The Rainmaker Group Ends 2017 with Record-Breaking Growth
Rainmaker | February 1, 2018
Company experiences a 64 percent increase in hospitality property deployments year-over-year ALPHARETTA, GA – Feb. 1, 2018 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that the company ended 2017 with record-breaking performance and growth. Year-over-year, Rainmaker experienced an astounding 64 percent increase in hospitality property deployments. The revintel® business intelligence solution led the way, with an almost 78 percent increase in property deployments. During 2017, a number of new customers joined Rainmaker's global h...
Authenticity Confronts Branding: Non-Branded Hotel Properties Offer Great Opportunity to Those Who Understand the Market
Steven Marx | January 31, 2018
By Steven Marx Commercial mortgage brokers are always trying to keep up with the latest trends, risks and developments when it comes to real estate. Hotel lending has historically been a specialty understood and embraced by few. What other class of real estate relies on leases that may be as short as one night and also sometimes sees a decrease in net operating income (NOI) as more product is sold? What other real estate type includes an operating business that is often at least as important as the real estate itself? In days gone by, mortgage brokers were most comfortable when their hotel assets were backed by nationally recognized fra...
Upper Midscale and Upscale Projects Lead the U.S. Construction Pipeline Comprising 67% of Total Pipeline
Lodging Econometrics | January 31, 2018
January 31, 2018 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the Upper Midscale category stands at 2,129 Projects/211,724 Rooms, and has the largest project count of all chain scales in the Total U.S. Construction Pipeline. The second largest is the Upscale category which has 1,339 Projects/172,723 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 67% of all projects in the Total Pipeline. The brands with the largest number of projects in Upper Midscale are: IHG's Holiday Inn Express with 444 Projects/41,343 Rooms; Hilton's Home2 Suites 355 Projects/37,188 Rooms and Hampton Inn &...
PNK Group & Hyatt to Bring New Build Unbound Collection by Hyatt to Hollywood, California
The Unbound Collection by Hyatt | January 31, 2018
CHICAGO (January 31, 2018) – Hyatt Hotels Corporation (NYSE: H) today announced the development of a new hotel in Hollywood, Calif., for The Unbound Collection by Hyatt brand, slated to open in 2019. A Hyatt affiliate has entered into a franchise agreement with PNK Group, a subsidiary of S3D Partner, to build a new 64-room boutique lifestyle hotel, which will be located at 1525 N. Cahuenga Blvd. Located near the iconic Hollywood Palladium theater, famed Sunset Boulevard and star-lined Hollywood Walk of Fame, the new hotel will reflect the avant-garde attitude of Hollywood. The hotel will be managed by Interstate Hotels & Resor...
Important News for Hospitality Executives: How the New Tax Act Could Affect Your Estate Plan
Jim Butler | January 30, 2018
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 30 January 2018 If you are a hotel executive or other highly compensated individual in the hospitality industry, you need to be aware of how the new Tax Act (H.R. 1 – Tax Cuts and Jobs Act) might affect your estate plan. In some cases, the impact will be significant. In the brief article below, JMBM's tax attorneys recommend that you review your existing estate plan to ensure that the Tax Act does not alter your plan's original intentions. They also point to substantial new planning opportunities provided by the Tax Act, and you wil...
