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
SSN Hotels Opens 111-Suite Residence Inn by Marriott in Collegeville, Pennsylvania
Residence Inn by Marriott | December 4, 2017
Collegeville, PA – December 4, 2017 – The 111-suite Residence Inn by Marriott in Collegeville, Pennsylvania is scheduled to open this Monday, December 4, 2017. Located at 500 Campus Drive, the all-suite Residence Inn Philadelphia Valley Forge/Collegeville will operate as a Marriott franchise, owned and managed by SSN Hotels of Wilmington, Delaware. Located inside the Providence Corporate Center and 35 miles from Philadelphia International Airport, the Residence Inn Philadelphia Valley Forge/Collegeville offers its guests convenient access to Valley Forge National Historical Park, King of Prussia Mall, Philadelphia Premium Ou...
IHG Partners with Ghelambo for 430-Room Dual-Branded Crowne Plaza and Holiday Inn Express Warsaw Hub, an IHG-First in Poland
IHG | December 4, 2017
Crowne Plaza Warsaw Hub will be built alongside Holiday Inn Express Warsaw Hub, IHG's first dual-branded hotel complex in Poland 430-room dual hotel will be IHG's largest in the market As business and leisure travel to Eastern Europe continues to surge, IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, is pleased to announce its 10th signing in the region in 2017, with partners Ghelamco. Crowne Plaza Warsaw Hub will be the first Crowne Plaza in Poland and will be built alongside Holiday Inn Express Warsaw hub, becoming IHG's first dual-branded complex in the market. The 430-room complex will be IHG's ...
Europe’s Hotel Construction Pipeline Up 22% Led by AccorHotels
Lodging Econometrics | December 4, 2017
December 4, 2017 – PORTSMOUTH, NH – A recent Hotel Construction Pipeline Trend Report for Europe states that the Total Pipeline has 1,228 Projects/189,490 Rooms, up 22% by projects Year-Over-Year (YOY) according to Lodging Econometrics (LE). There are 586 Projects/95,775 Rooms Under Construction, up 17% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 388 Projects/58,008 Rooms, up 51%, while projects in Early Planning at 254 Projects/35,707 Rooms are up by 2%. The top countries in the Europe Construction Pipeline are: United Kingdom with 228 Projects/34,614 Rooms, Germany with 185 Projec...
Embassy Suites Dallas DFW Airport North Completes Phase One of its Multi-Million-Dollar Renovation
Atrium Hospitality | December 4, 2017
Grapevine, Tex. – December 4, 2017 – Guests of the Embassy Suites by Hilton Dallas DFW Airport North will now be able to experience a new sleek and modern feel during their stay. The 329-suite hotel in Grapevine, Texas, just two miles from Dallas Fort Worth International Airport, has completed the first phase of its multi-million-dollar property renovation. Enhancements have been made to the following areas: Lobby: Guests will be greeted to an all new design including contemporary décor and lighting. Atrium: The contemporary look and feel continues as guests relax in the new and inviting 12-story atrium Meeting Sp...
Latin America’s Construction Pipeline is Stalling, Down 4% by Projects YOY
Lodging Econometrics | December 4, 2017
December 4, 2017 – PORTSMOUTH, NH – The Total Construction Pipeline in Latin America has 855 Projects/146,307 Rooms, down 4% by projects Year-Over-Year (YOY). There are 413 Projects/72,070 Rooms Under Construction, up 1% by projects YOY. Rooms Scheduled to Start Construction in the Next 12 Months are at 192 Projects/31,896 Rooms, up 5%, while those in Early Planning are at 250 Projects/42,341 Rooms, down 17% YOY. The top hotel companies in Latin America's Construction Pipeline by projects are: AccorHotels with 142 Projects/20,785 Rooms, Marriott International with 92 Projects/15,080 Rooms and Hilton Worldwide with 69 Project...
Rockbridge, in a Joint Venture with Musselman Hotels Management, Acquires Kentucky’s Seelbach Hilton Hotel
Rockbridge | December 1, 2017
Columbus, OH, December 4, 2017 – Rockbridge announced the acquisition of The Seelbach Hilton in Louisville, Kentucky in a joint venture with Louisville-based Musselman Hotels Management, who will manage the property. "We look forward to working with our local partner and the City to explore potential opportunities for the Seelbach," said Jim Merkel, Rockbridge CEO. The Seelbach Hilton is listed on the National Register of Historic Places. The 321-room property features several restaurants and bars and has more than 32,000 sq. ft. of meeting space. ...
HFTP and HSMAI Region Europe to Co-locate European Conferences in April 2018
HITEC | November 30, 2017
Hospitality Financial and Technology Professionals (HFTP®) and HSMAI Region Europe are pleased to extend their partnership and co-locate European conferences again in April 2018. HSMAI Region Europe will co-locate its Revenue Optimization Conference (ROC) and its Digital and Distribution Optimization Conference (DOC) with HFTP's HITEC® Amsterdam. HSMAI Region Europe's Annual ROC and DOC conferences will take place 10-11 April 2018 at Hotel Novotel Amsterdam City, while HITEC Amsterdam will take place from 11-13 April 2018 at the RAI Amsterdam Convention Centre. HFTP's HITEC is an all-encompassing vehicle that showcas...
IHG in Partnership with JEJUair Plan 2018 Opening of 300-Room Holiday Inn Express Hotel in Seoul, South Korea
IHG | November 30, 2017
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has announced it will open a new 300-room Holiday Inn Express hotel in Seoul, South Korea in 2018. The new-build Holiday Inn Express Seoul Hongdae, in partnership with the hotel's major investor JEJUair, will be part of Hongdae's largest mixed-use development, featuring a retail mall, extensive dining options and an office tower. Situated at the main junction of Hongdae just a short drive or subway ride from the Yeouido Business District and Gangnam Business District, the hotel will sit atop both the Hongdae subway station and the Airport Express rail ...
HFTP and Naseba Set New Standard in The Middle East with HITEC Dubai
HITEC | November 30, 2017
Co-produced by Hospitality Financial and Technology Professionals (HFTP®) and Naseba, more than 600 hospitality technology professionals came together for the inaugural HITEC Dubai. The event served as a regional, Middle Eastern counterpart to HFTP's 45-year-old Hospitality Industry Technology Exposition and Conference (HITEC®) – the world's largest and oldest hospitality technology exposition and conference brand. HITEC Dubai served as HFTP's third HITEC of the year, and took place from November 14-15, 2017 at the Conrad Dubai in Dubai, UAE. The inaugural conference featured 600+ hospitality stakeholders, 40+ ...
Owned and Managed by Stonebridge Companies, Residence Inn by Marriott Set to Open in Downtown Seattle
Residence Inn by Marriott | November 29, 2017
SEATTLE – November 29, 2017 – The 302-suite Residence Inn by Marriott in downtown Seattle is scheduled to open this Friday, December 1, 2017. Located at 1815 Terry Avenue, the all-suite Residence Inn Seattle Downtown/Convention Center will operate as a Marriott franchise, owned and managed by Stonebridge Companies of Centennial, Colorado. Located in the heart of downtown and 14 miles from Seattle-Tacoma International Airport, the Residence Inn Seattle Downtown/Convention Center offers its guests convenient access to the Space Needle, Pike Place Market and the Washington State Convention Center. Rates vary depending on length...
Michael Lamey Named Director of F&B at Fort Lauderdale Marriott Harbor Beach Resort & Spa
Fort Lauderdale Marriott Harbor Beach Resort & Spa | November 29, 2017
FORT LAUDERDALE, FLA. (NOVEMBER 29, 2017) – Fort Lauderdale Marriott Harbor Beach Resort & Spa announces the appointment of Michael Lamey as director of food and beverage. With more than 10 years of culinary experience, Lamey will be responsible for overseeing the food and beverage operations of the 650-room iconic hotel. The property features four dining options including 3030 Ocean, a seafood restaurant that utilizes fresh, local ingredients; Sea Level, a beachfront eatery overlooking the Atlantic Ocean; Riva, offering a full-service menu for guests of all tastes with al fresco or indoor dining options; Barefoot Dining, prov...
Rainmaker Announces Antitrust Clearance from U.S. Department of Justice, Clearing the Way for Completion of Multifamily Assets Sale
Rainmaker | November 29, 2017
Company expects the transaction to close in December ALPHARETTA, GA – Nov. 29, 2017 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that it has received antitrust clearance from the U.S. Department of Justice to transition its Rainmaker LRO multifamily housing business and product portfolio to RealPage, Inc., a Richardson, Texas-based global provider of software and data analytics to the real estate industry. The company anticipates the transaction closing will take place by the end of 2017. On February 28, 2017, Rainmaker announced th...
MCR Acquires Allentown, Pennsylvania’s 111-Room Hilton Garden Inn for $15 Million
MCR | November 28, 2017
NEW YORK--MCR, the seventh largest hotel owner-operator in the United States, today announced that it has acquired the 111-room Hilton Garden Inn Allentown West located in Allentown, PA, for $15.0 million. The property is located at the intersection of I-78 and PA Route 100, which is the center of the Lehigh Valley's manufacturing and logistics industry. "We are very pleased to make this investment in the Lehigh Valley, a region MCR has successfully invested in previously," said Tyler Morse, Chief Executive Officer and Managing Partner of MCR. "Given the array of demand generators supported by the area's strong business climate and cont...
The Unfinished Business of Revenue Management: Investment Abandoned
Pierre Boettner | November 28, 2017
Pierre Boettner CEO and Founder hospitalityPulse Hotel revenue management is on the verge of something of a second renaissance; the field is propelling itself toward the notion of Total Hotel Revenue Management. It is one that revenue managers have foreseen—in fact, requested—for many years now, and the idea is that revenue management should move beyond room pricing and channel strategies, beyond Pace reports and market segment reviews, and move to identify profitability gaps and opportunities across the entire operation. In the introduction to a 2017 Cornell Hospitality Research Brief on the topic, the authors say, "While a...
Homewood Suites by Hilton Silao Airport Opens in Key Industrial Center in Central Mexico
Homewood Suites by Hilton | November 28, 2017
SILAO, Mexico and MCLEAN, Va. - Homewood Suites by Hilton, part of Hilton's(NYSE: HLT) All Suites portfolio, announced today its newest property, Homewood Suites by Hilton Silao Airport. As part of the brand's expansion in Latin America, the hotel represents a landmark opening as the 55th Hilton hotel in the country and the first new build hotel featuring Homewood Suites' region-specific prototype design that preserves the signature differentiators of an extended stay hotel, combined with new amenities addressing local market demand. Offering 139 suites, Homewood Suites by Hilton Silao Airport is ideal for leisure or busines...
Sonnenblick-Eichner Company Arranges $35,000,000 of First Mortgage Financing for The Inn at the Market, Seattle, Washington
Sonnenblick-Eichner Company | November 28, 2017
Beverly Hills, California – November 28, 2017 – Sonnenblick-Eichner Company has arranged $35,000,000 of first mortgage financing for the iconic 76-room luxury boutique Inn at the Market hotel in Seattle, Washington. The hotel is located at the world-famous Pike Place Market, the most popular and recognizable destination in downtown Seattle. The hotel is currently ranked #1 of 100 hotels on TripAdvisor in Seattle. The financing, provided by a Wall Street investment bank, was a non-recourse, 10-year fixed rate loan with 5 years of interest-only payments. The Inn at the Market has historically been a rate leader in the downtown...
IHG Partners with SAMHI to Expand Holiday Inn Express Portfolio in India
IHG | November 27, 2017
Bangalore, India, 27 November 2017: IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has partnered with SAMHI to rebrand approximately 2000 rooms (operating and under construction) within its India hotel portfolio, to Holiday Inn Express® hotels. The recently signed portfolio comprises 14 hotels, including ten open hotels across key cities such as Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, and Mumbai. The additional four hotels are under construction. The signing sees IHG grow its pipeline by 41 hotels, positioning IHG as one of the largest players in India's growing midscale h...
IHG ANA Hotels Group Japan, a Joint Venture, Enters Agreement to Launch New Hotel Indigo® Hakone Gora in Japan
IHG | November 22, 2017
As the number of visitors to Japan continues to grow, there is a segment of travellers who are looking for something different – a property to satisfy their senses of curiosity and creativity that delivers a memorable experience of a destination. Looking to meet this need, IHGA Hotels Group Japan, the joint venture between InterContinental Hotels Group (IHG®) and ANA, signed an agreement with GHS K.K. and Daiwa House Industry Co., Ltd. to launch IHG's popular boutique brand Hotel Indigo® in Japan. The first property Hotel Indigo® Hakone Gora is scheduled to open in 2019, and will be a place where guests and locals alik...
Developed and Owned by Button Block Holdings, LLC and Managed by Kinseth Hospitality Companies, Homewood Suites by Hilton Milwaukee Downtown Opens
Homewood Suites by Hilton | November 22, 2017
November 22, 2017 MILWAUKEE, Wis. and MCLEAN, Va - Homewood Suites by Hilton, part of Hilton's (NYSE: HLT) All Suites portfolio, announced today its newest property, Homewood Suites by Hilton Milwaukee Downtown. Designed for guests who want to travel on their own terms, Homewood Suites by Hilton Milwaukee Downtown offers guests all the comforts of home, whether they are traveling for work or enjoying a well-earned getaway. With 94 new suites, the hotel complements the continued growth of travelers to Milwaukee County, which is the largest tourism economy in the state.* "With over 22.5 million visitors a year** frequenting the W...
Al Badr For Investments and Commercial Spaces Company Signs for First Crowne Plaza Hotel in Cairo
IHG | November 21, 2017
IHG (InterContinental Hotels Group), one of the world's leading hotel companies, has announced the signing of Crowne Plaza Cairo Sheikh Zayed City in partnership with Al Badr For Investments and Commercial Spaces Company. The new development aligns with IHG's strategy to grow the Crowne Plaza brand across Middle East and North Africa (MENA), by further strengthening its presence in top-tier business epicentres and primary markets in the region. IHG currently has 2,169 rooms in Cairo under the InterContinental Hotels and Resorts, Holiday Inn and Staybridge Suites brands. Scheduled to open in 2021, the 187-room new build will form part of...
Hotel Development Partners Celebrates Grand Opening for Residence Inn Atlanta Perimeter Center Dunwoody
Hotel Development Partners, LLC (HDP) | November 21, 2017
ATLANTA (November 21, 2017) – Atlanta-based Hotel Development Partners (HDP) celebrated the Grand Opening of the 127-suite Residence Inn by Marriott Atlanta Perimeter Center Dunwoody, Georgia. The hotel operates as a Marriott franchise, owned by Hotel Development Partners and managed by Hotel Equities (HE). Joe Fallis serves as the General Manager and Susan Zuppardo is the Director of Sales. The hotel marks the third property owned by HDP and managed by Hotel Equities in the vibrant, upscale Atlanta Perimeter Center market. The other properties are the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody and the Fairfield...
New 116-Suite Residence Inn by Marriott Set to Open in Littleton, Colorado Led by General Manager Steve Ryan
Residence Inn by Marriott | November 21, 2017
Littleton, CO – November 21, 2017 – The 116-suite Residence Inn by Marriott in Littleton, Colorado is scheduled to open this Tuesday, November 21, 2017. Located at 3090 West County Line Road, the all-suite Residence Inn Denver Southwest Littleton will operate as a Marriott franchise, owned by CIP 2014/PC RIL Hotel LLC and managed by Propel Management of San Antonio, Texas. Located 20 minutes from downtown Denver, the Residence Inn Denver Southwest Littleton offers its guests convenient access to Chatfield State Park, Hudson Gardens Event Center and The Falls Event Center. Rates vary depending on length of stay. "We are pleas...
Owned, Developed and Managed by Ontario Hospitality, Home2 Suites by Hilton Opens in Jackson, Michigan
Home2 Suites by Hilton | November 21, 2017
November 21, 2017 JACKSON, Mich. and MCLEAN, Va. - Home2 Suites by Hilton, part of Hilton's (NYSE: HLT) industry-first All Suites portfolio, announced today its newest property, Home2 Suites by Hilton Jackson. Designed for travelers who want to maintain their normal routine, the hotel features 83 suites and a range of value, tech-focused and eco-conscious amenities. Home2 Suites by Hilton Jackson complements the city's inviting appeal, as it is known for its Midwestern charm, rich history, natural beauty, award-winning wineries and popular festivals. "Whether on vacation or travelling for business, guests can explore a vari...
Global Hotel Groups Support HFTP’s Hospitality Certification Programs
HFTP | November 21, 2017
AUSTIN, TEXAS, USA (November 21, 2017) — Hospitality Financial and Technology Professionals (HFTP®) offers two certification programs that are globally recognized for setting industry standards for hospitality finance and technology professionals: Certified Hospitality Accountant Executive (CHAE®) and Certified Hospitality Technology Professional (CHTP®). These certification programs have been named a requirement for information technology and accounting employees at Rosewood Hotel Group, Two Roads Hospitality and Accorhotels Group – which operate Fairmont branded hotels. Accorhotels Group recently followed suit ...
