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
Hotel Equities Promotes Drew Salapka to Senior Vice President of Revenue Generation
Hotel Equities | December 14, 2017
ATLANTA (December 14, 2017) –Atlanta-based Hotel Equities (HE) recently promoted Drew Salapka to the position of Senior Vice President of Revenue Generation. His responsibilities include leading the revenue generation division for the organization which sets top line strategy and manages the total inventory for the firm's portfolio of hotels. Mr. Salapka's team analyzes the demand for all markets, evaluates market strengths and weaknesses and reports key statistics that impact the hospitality industry and individual hotels. The team also manages sales processes and directs the ongoing training of all key sales and revenue staff me...
GuestCentric and Duetto Partner to Bring Personalization to Hotel Bookings
GuestCentric | December 14, 2017
Booking Engine Provider and Revenue Strategy Platform Pioneer Real-Time, Contextualized Pricing and Merchandising with Playmaker, Duetto's New Personalization Application New York, December 14, 2017 — Duetto, hospitality's only Revenue Strategy Platform, and GuestCentric have partnered to bring a new level of personalization to the hotel and casino industries that will increase conversion and direct bookings. The companies' strategic partnership will enable hotel companies using Duetto's recently launched personalization application, PlayMaker, and GuestCentric's global booking engine the breakthrough ability to customize merchand...
IHG Signs with Cornerstone Partners Group for Kimpton Taipei Marking Brand First in Taiwan
December 13, 2017
SAN FRANCISCO, CA, U.S.A. (December 13, 2017) - IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has announced the signing of the Kimpton Taipei with Malaysia's Cornerstone Partners Group. Scheduled to open next year, this will be the first Kimpton hotel in Taiwan. Nestled in central Taipei, the 14-story property features 129 guest rooms and suites, and a 12th-floor rooftop deck. The design will reflect the hustle and bustle of the city, with a seamless integration of urban features and soft greenery. In addition, the hotel's restaurants and bars will be designed exclusively by Hong Kong-based JIA Gr...
Paramount Lodging Advisors Breaks Ground On New Chicago Office
Paramount Lodging Advisors | December 13, 2017
CHICAGO, IL – Paramount Lodging Advisors (PLA), with the support of Midland States Bank is constructing its new company headquarters in the Old Town area of Chicago. PLA has partnered with Irpino Construction as the General Contractor to build the office. The building is projected to be complete by July of 2018. The new headquarters will be a sleek, three-story building equipped with a wide variety of innovative technology and accommodations. It will also tailor specifically to the needs of the PLA's Hotel Real Estate Advisory Practice - with unique gathering spaces and private offices. The third floor, uniquely will offer a stunn...
California Labor & Employment Law Update: Key Changes in 2017 and What’s Slated for 2018
Jim Butler | December 13, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 12 December 2017 California has enacted a number of new regulations related to labor and employment that go into effect when 2018 begins. Hotels owners and developers with properties in California need to be aware of how these rules apply to their workforce so they can meet their legal obligations and remain in compliance with the law. A round-up of upcoming changes, written by the JMBM Labor & Employment group, is below. California Labor & Employment Law Update: Key Changes in 2017 and What's Slated For 2018 by The JMBM Labor &am...
HFTP and Forrester Group Administer Hospitality Survey to Shape the Industry’s Future
HFTP | December 12, 2017
Survey measures professional development, research and resources available to hospitality finance and technology professionals Focused on continually improving ways to communicate and engage with its members and stakeholders, international nonprofit Hospitality Financial and Technology Professionals (HFTP®) and Forrester Research have just released an extensive global research project that will provide guidance on the state of the industry; provide existing industry stakeholders with additional resources, and enrich the association's understanding of financial and technology trends that will shape the industry's future. HFTP...
North America, Asia Pacific and EMEA Lead World Regions in Global Hotel Construction Pipeline
Lodging Econometrics | December 12, 2017
December 12, 2017 – PORTSMOUTH, NH – Lodging Econometrics (LE) recently released the Global Construction Pipeline Trend Report, which compiles the construction pipeline for every country and market in the world. Currently, the top world regions by project count are North America with 5,239 Projects/639,712 Rooms, Asia Pacific with 4,233 Projects/903,415 Rooms and EMEA with 2,100 Projects/395,506 Rooms. The top countries by project-count are the United States with 5,011 Projects/608,837 Rooms and China with 2,435 Projects/538,836 Rooms. The U.S. accounts for 40% of the projects in the Global Pipeline while China accounts for ...
Hospitality Financial Leadership – A White Paper on a 6-Month Client Workshop/Coaching Engagement – Part 1
David Lund | December 12, 2017
By David Lund The following is an overview of a six-month financial leadership project that I recently completed at a full-service hotel. The project consisted of six half-day hospitality financial leadership workshops delivered in-house and monthly 1-1 leadership coaching appointments with the 15 managers assigned to the program. Each month of the project we completed a group workshop and each manager had a coaching meeting with me. The project goal had five measurable elements. It was to get the managers and leaders of this hotel to complete their monthly departmental financial forecasts, track their results throughout the month, adju...
Aramark Completes Purchase of Avendra for $1,350 Million
Marriott | December 12, 2017
Marriott International (NASDAQ: MAR) today announced that the owners of Avendra, LLC have completed the sale of Avendra to Aramark (NYSE: ARMK) for $1,350 million. After redemption of management participation rights, transaction costs, and repayment of Avendra's outstanding debt, Avendra's founding shareholders – Marriott, Hyatt, Accor, ClubCorp and IHG – received $1,201 million in cash proceeds from the transaction. Marriott received $659 million for its 55 percent interest in Avendra. In addition, in conjunction with the sale of Avendra, Marriott has entered into a 5-year procurement service agreement with Aramark on behal...
HK CTS Hotels and Kew Green Hotels Partner with IHG to Manage Hotels in Mainland China
HK CTS Hotels | December 11, 2017
BEIJING, Dec. 11, 2017 -- On 27th November 2017, HK CTS Hotels Co., Ltd. and Kew Green Hotels signed a strategic partnership with IHG to manage hotels in mainland China. This deal will see Kew Green Hotels manage the existing 466 bedroom Crowne Plaza Beijing Lido from early 2018 and convert the 433 bedroom Metropark Beijing Lido into a Holiday Inn during 2018. The signing of this strategic partnership will enable Kew Green Hotels and HKCTS to work with other owners in mainland China seeking to franchise brands from IHG. Stephen Woodhouse Operations Director commented: "This is a hugely exciting opportunity for us in growing our por...
Global Hotel Construction Pipeline Up 8% YOY with 12,427 Projects
Lodging Econometrics | December 8, 2017
December 8, 2017 – PORTSMOUTH, NH – 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 12,427 Projects/2,084,940 Rooms, up 8% by projects Year-Over-Year (YOY). There are 5,885 Projects/1,086,966 Rooms Under Construction, up 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,723 Projects/538,061 Rooms, are up 6% while projects in Early Planning at 2,819 Projects/459,913 Rooms are up 8% YOY. The leading franchise companies in the Global Constru...
Best Practices in Creating and Completing Construction Knock-out Punch Lists
Cicero's Development Corporation | December 8, 2017
PLAINFIELD,IL, DECEMBER 8, 2017 -- Punch lists are a part of a construction contract that helps to meet and ensure the quality of the project. Throughout each phase of the construction process, a checklist is maintained by the contractor that details any unfinished and/or unacceptable work. Items that are found to not meet quality standards or do not conform to the scope as outlined in the contract documents are to be corrected by the contractor in a timely fashion and typically prior to receiving final payment on the project. A common practice in the construction industry is that contracts are written in such a way that allows ownershi...
Shanghai Leads China’s Construction Pipeline Followed by Guangzhou, Chengdu and Beijing
Lodging Econometrics | December 7, 2017
December 7, 2017 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,435 Projects/538,836 Rooms, up 5% Year-Over-Year (YOY). There are 1,732 Projects/364,809 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/69,972 Rooms, up by one project YOY, while projects in Early Planning at 395 Projects/104,055 Rooms are up by 9%. The top hotel companies in China's Construction Pipeline are: Hilton Worldwide with 292 Projects/72,382 Rooms, Marriott Internati...
IHG Celebrates Groundbreaking of New Brand, avidâ„¢ hotels, in Oklahoma City
December 6, 2017
IHG® (InterContinental Hotels Group) celebrates today the first groundbreaking of its new midscale brand, avid™ hotels, in Oklahoma City. The groundbreaking comes only two months after the brand was launched, well ahead of initial projected timing. Since launching avid hotels, developer interest and demand continues to be strong, with more than 100 franchise applications received, including 34 which have already been converted to signed deals for avid hotels locations across the U.S. Additionally, avid hotels is now franchise ready in Canada, further demonstrating the brand's rapid start and growth potential.

Projected to...
Asia Pacific Construction Pipeline Excluding China Up 15% by Projects YOY
Lodging Econometrics | December 6, 2017
December 6, 2017 – PORTSMOUTH, NH
 The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,798 Projects/364,579 Rooms, up 15% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE).

 There are 966 Projects/207,100 Rooms Under Construction, up 11% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 380 Projects/76,977 Rooms, up 15%, while projects in Early Planning at 452 Projects/80,502 Rooms, up 25% YOY.

 The top three countries in the Asia Pacific Construction Pipeline, excluding China, are: ...
Parks Hospitality to Develop Waldorf Astoria Cancun and Hilton Cancun in Mexico
Waldorf Astoria Hotels & Resorts | December 6, 2017
CANCUN, Mexico and MCLEAN, Va. – December 6, 2017 – Hilton (NYSE: HLT) today announces plans to welcome the luxury Waldorf Astoria Cancun and the all-inclusive Hilton Cancun resort to the global hospitality company's growing portfolio in Mexico. Developed by Parks Hospitality and set to open in 2021, the neighboring properties will feature distinct characteristics and amenities across 100 acres of Caribbean beachfront. "With more than half of our Latin America portfolio present in Mexico, we are proud to announce the plans for Waldorf Astoria Cancun and Hilton Cancun as we continue to introduce distinguished properties in th...
Sonnenblick-Eichner Company Arranges $22,000,000 of First Mortgage Financing for Shops at the Pier, on Behalf of Provenance Hotels and Bolour Associat
Provenance Hotels | December 6, 2017
Beverly Hills, CA, December 6, 2017 -- Sonnenblick-Eichner Company has secured $22 million of interim first-mortgage financing for the Shops at the Pier, on the renowned beachfront, The Strand, in Hermosa Beach, California. The property is owned by a joint venture comprised of Portland, Oregon-based Provenance Hotels and Bolour Associates, Beverly Hills, California. Located at the base of the Hermosa Beach Pier, the Shops at the Pier is a mixed-used project, which includes 18,192 square feet of fully leased retail space and nine apartment units. Hermosa Beach is an affluent beach community in Southern California, which attracts millions...
The Rainmaker Group Closes Sale of Multifamily Housing Assets
Rainmaker | December 6, 2017
Company to focus exclusively on continued growth of its hospitality business ALPHARETTA, GA – December 6, 2017 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced the closing of its sale of Rainmaker LRO multifamily housing business and product portfolio to RealPage, Inc., a Texas-based provider of software and data analytics to the real estate industry. The sale allows Rainmaker to strengthen its position as the leading provider of revenue management solutions for the hotel and gaming industry. "We have partnered with the hospitality comm...
Conrad Hotels & Resorts Opens Conrad Cartagena Marking Brand First in Colombia
Conrad Hotels & Resorts | December 5, 2017
CARTAGENA, Colombia (December 2017) — Conrad Hotels & Resorts, Hilton's (NYSE: HLT) smart luxury hotel brand, today announces the opening of Conrad Cartagena, the brand's first hotel in Colombia and third in Latin America. The oceanfront oasis on the north side of the iconic Walled City welcomes guests to the shores of the Caribbean Sea. "With Cartagena being the second-most popular destination in the country, we are proud to announce the opening of Conrad Cartagena as the newest addition to our luxury portfolio in the region," said Tom Potter, senior vice president, operations, Latin America and the Caribbean, Hilton. "We rec...
Owned and Managed by OTO Development, Home2 Suites by Hilton Mt. Pleasant Charleston Opens in South Carolina
Home2 Suites by Hilton | December 5, 2017
December 5, 2017 MT. PLEASANT, S.C. and MCLEAN, Va. - Home2 Suites by Hilton, part of Hilton's (NYSE: HLT) All Suites portfolio, announced today the opening of Home2 Suites by Hilton Mt. Pleasant Charleston. This newest property brings the brand one step closer to its 200th property milestone. Designed for travelers who want to maintain their normal routine, the pet-friendly hotel features 122 suites and a range of value, tech-focused and eco-conscious amenities. Home2 Suites by Hilton Mt. Pleasant Charleston caters to the five million visitors who travel to the greater Charleston area every year.* "In the same way Mt. Pleasant...
Middle East Construction Pipeline Shows Growth with Projects Up 12% YOY
Lodging Econometrics | December 5, 2017
December 5, 2017 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the Construction Pipeline Trend Report for the Middle East states that the Total Pipeline has 572 Projects/156,420 Rooms, up 12% by projects Year-Over-Year (YOY). There are 349 Projects/100,485 Rooms Under Construction, up 17% by projects YOY. Those Scheduled to Start Construction in the Next 12 Months are at 113 Projects/30,841 Rooms, up 5%, while projects in Early Planning at 110 Projects/25,094 Rooms are up 3%. The top hotel companies in the Middle East's Construction Pipeline are: Marriott International 95 Projects/22,767 Rooms, Hilton ...
Chesapeake Lodging Trust Opens Hilton Denver City Center Following $27 Million Multi-Phased Renovation and Rebranding
Hilton Hotels & Resorts | December 5, 2017
December 5, 2017 DENVER - Denver community leaders gathered today to celebrate the opening of Hilton's (NYSE: HLT) newest hotel, Hilton Denver City Center, a modern, upscale retreat in the heart of the city. The ribbon cutting ceremony introduced the 613-room hotel, which towers 20-stories high and features newly renovated public spaces, guest rooms and dining venues following the completion of a $27 million multi-phased renovation. The ribbon cutting ceremony was attended by CEO of Visit Denver, Richard Scharf, and Councilman Albus Brooks as well as Tim Benolken, Hilton's senior vice president of operations for North America. â...
Hotel Development Partners Breaks Ground for Courtyard in North Atlanta, Hotel Equities to Manage
Hotel Development Partners, LLC | December 5, 2017
ATLANTA (December 5, 2017) – Hotel Development Partners (HDP) recently held a groundbreaking ceremony for the Courtyard by Marriott Alpharetta, Georgia, located across the street from Avalon, a high-end shopping mall in the heart of a booming, mixed-use development north of Atlanta. Hotel Equities will manage the 115-room Courtyard by Marriott. Alex Brown Realty, Inc. serves as a joint venture partner with HDP in developing the hotel that is expected to open in late 2018. "We are pleased to bring a unique, custom-designed Courtyard by Marriott to the Avalon development and this affluent area of North Atlanta," said Allen O'Brien, ...
Dual-Branded Homewood Suites and Hampton Inn Long Beach Airport Opens in California with General Manager R.J. Escobedo in the Pilot’s Seat
Hampton by Hilton | December 4, 2017
December 4, 2017 LONG BEACH, Calif. and MCLEAN, Va. - Hilton (NYSE: HLT) today announced the opening of its newest hotel, the dual-branded Hampton Inn by Hilton Long Beach Airport and Homewood Suites by Hilton Long Beach Airport bringing a total of 241 new rooms to the beautiful Long Beach area. The dual-brand hotel enters a market that saw its strongest year since 2008 as the city reported an estimated $300 million economic impact by overnight visitors in the last recorded year*. "Southern California has presented a prime opportunity for expansion, coming on the heels of a record-breaking year for Long Beach tourism in 2016*,"...
