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
Get More Content, Get Customers in 2018
Alan E. Young | November 7, 2017
Why content marketing sells but isn't about selling By Alan E. Young, Puzzle Partner Ltd. If we were to ask you what the core, driving purpose and motivation of your content marketing strategy was, what would your answer be? Would it be to target a specific demographic or persona? To evoke a certain type of emotional response? Or, quite simply, would it be to sell your product or service? It actually doesn't matter, because within the digital marketing landscape that exists today, all of those answers are inherently wrong. Marketing today — and we're talking about the campaigns and strategies that really work — isn't about ...
Hospitality Financial Leadership – Four Important Things to Know
David Lund | November 7, 2017
By David Lund By creating and delivering my hospitality financial leadership workshops, I learned four very important lessons. The lessons center around how this workshop helps leaders change and become more financially engaged. ...
Paramount Lodging Advisors Brings on New Senior Associate Sean Banilivy For Capital Markets
Paramount Lodging Advisors | November 6, 2017
Paramount Lodging Advisors (PLA) would like to introduce Sean Banilivy as PLA's newest addition to the team. Sean Banilivy is the Senior Associate that will be spearheading the newly formed Capital Markets Division for Paramount Lodging Advisors. Prior to Joining PLA, Sean founded SJ Equity Partners, where he was responsible for sourcing, underwriting, and presenting high-net worth investors on investment opportunities throughout North America. Before founding SJ Equity Partners, Sean worked for JLL's Hotels & Hospitality Group in Investment Sales, where he was responsible for producing Broker Opinion Values, underwriting, and parti...
New York Leads U.S. Markets in Hotel Construction Pipeline Followed by Houston, Dallas, Nashville and Los Angeles
Lodging Econometrics | November 6, 2017
November 6, 2017 – PORTSMOUTH, NH – According to recent reports, analysts at Lodging Econometrics (LE) state that the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 181 Projects/30,225 Rooms; Houston with 148 Projects/16,398 Rooms; Dallas with 143 Projects/17,580 Rooms; Nashville, which hit a cyclical peak this quarter, has 124 Projects/16,699 Rooms; and Los Angeles has 112 Projects/16,780 Rooms. New York has the most New Hotel Openings forecasted for 2017 with 39 Hotels/6,128 Rooms, then Dallas, which is expected to open 37 Hotels/4,510 Rooms followed by Houston with 27 H...
Rainmaker Executive Dan Skodol a Featured Speaker at Best Western Hotels & Resorts 2017 Annual Conference
Rainmaker | November 6, 2017
Presentation to Focus on the Relationship Between Benchmarking and Performance ALPHARETTA, GA. — Nov. 6, 2017 — The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that Dan Skodol, the company's vice president of revenue analytics, will be a featured speaker at the Best Western Hotels & Resorts 2017 Annual Conference, which will be held Nov. 7-10 at Gaylord Opryland Resort & Convention Center in Nashville, Tenn. Skodol's presentation, titled 'Comp Set: Getting it Right – The Relationship Between Benchmarking and Performance', w...
More Than 10,000 Hotel Properties Worldwide Rely on IDeaS’ Advanced Analytics for Confident Revenue Management
IDeaS | November 6, 2017
More hotel properties rely on IDeaS than any other revenue management software brand: 2017 marks a year of exceptional momentum and growth Tweet this: #RevenueManagement leader @IDeaS_RevOpt hits impressive milestone with 10K client properties! #10kThanks www.ideas.com/about/news MINNEAPOLIS, Nov. 06, 2017 – Hospitality managers across the globe are competing to see which technology tools can drive better business decisions, create new revenue opportunities and improve the guest experience. In 2017, many of these companies turned to IDeaS Revenue Solutions for revenue management software and advisory services, which have been sho...
Leisure Hotel Holding and IHG Enter Agreement for First Holiday Inn in Cape Town, Africa
IHG | November 2, 2017
IHG (InterContinental Hotels Group), one of world's leading hotel companies, today announced the signing of Holiday Inn Cape Town in partnership with Leisure Hotel Holding (Pty) Ltd. Currently operating as Strand Tower Hotel, the property is expected to be rebranded as Holiday Inn by later this year, marking the brand's debut in the city. This signing is in line with IHG's strategy to increase its brand's visibility and franchise estate in South Africa. Located in Cape Town's Commercial Business District (CBD), where weekday business is driven by corporates and weekend through leisure, Holiday Inn Cape Town will provide easy access to a...
HFTP Celebrates 65 Years of Success at Annual Convention 2017
HFTP | November 2, 2017
HFTP's Annual Convention 2017 was held from October 25–27 in Florida USA More than 580 Hospitality Financial and Technology Professionals (HFTP®) members and hospitality industry professionals came together from around the globe to celebrate HFTP's 65 years as an association at Annual Convention last week. This year's Annual Convention was held from October 25–27, 2017 at the Omni Orlando Resort at Championsgate in Championsgate, Florida USA. "Thank you to HFTP members, chapters, stakeholders and staff for 65 years of success," said HFTP CEO Frank Wolfe. "HFTP is proud to have provided hospitality ...
U.S. Hotel Construction Pipeline Shows Moderate Increases Up 4 Percent by Projects and Rooms YOY
Lodging Econometrics | November 2, 2017
November 2, 2017 – PORTSMOUTH, NH – According to a recent report by Lodging Econometrics (LE), the U.S. Construction Pipeline stands at 5,011 Projects/608,837 Rooms, up 4% by projects and rooms Year-Over-Year (YOY). There are 1,592 Projects/208,523 Rooms Under Construction, up 8% and 7% YOY, respectively, the highest counts recorded this cycle. Projects Scheduled to Start Construction in the Next 12 Months, at 2,198 Projects/251,259 Rooms are down 1% YOY. Projects in Early Planning are at 1,221 Projects/149,055 Rooms. While these projects are up 10% YOY, the properties are smaller resulting in lower room-counts. The Pipeline...
U.S. Hotel Development Cost Survey 2016/17
Stacey E. Nadolny | November 2, 2017
By Stacey E. Nadolny Hotel development activity correlates directly with the ebbs and flows of hotel-sector performance. As we reached the peak of the current cycle in 2016, developers pursued hotel construction and redevelopment at a pace we haven't seen since 2006 and 2007. HVS has tracked Hotel Development Costs for the last three decades, collecting data from actual hotel cost budgets during our assignments. This year's sample reflects the largest sample HVS has analyzed given the number of hotels in the pipeline, as well as our growing presence in 35 U.S. markets. The data in this survey reflect budgets from 2016. With the availabi...
Hotel Equities to Manage Courtyard North Brunswick and Spring Hill Suites Woodbridge in New Jersey
Hotel Equities | November 2, 2017
ATLANTA–November 02, 2017– Atlanta-based Hotel Equities has been selected to manage two Marriott hotels in New Jersey, the Courtyard by Marriott in North Brunswick and the SpringHill Suites by Marriott in Woodbridge. The hotels compliment the firm's strategic growth plans in the northeast corridor. Owned by Main Street Hotel, LLC, the 124-room Courtyard North Brunswick is under construction less than 30 miles from Newark, NJ and Newark International Airport (EWR). The hotel expects to open in early 2018. The SpringHill Suites by Marriott Woodbridge expects to break ground in early 2018. "Adding additional properties in the n...
Owned and Managed by AAA Hotel Company, Home2 Suites by Hilton Lake Charles Opens in Louisiana
Home2 Suites by Hilton | November 1, 2017
LAKE CHARLES, La. and MCLEAN, Va. - Home2 Suites by Hilton, part of Hilton's (NYSE: HLT) All Suites portfolio, announced today its newest property, Home2 Suites by Hilton Lake Charles, bringing the brand one step closer to its 200thproperty milestone. Designed for travelers who want to maintain their normal routine, the hotel features 87 suites and a range of value, tech-focused and eco-conscious amenities. Home2 Suites by Hilton Lake Charles caters to the 46.7 million visitors traveling to Louisiana annually.* "Whether here on business, to enjoy the endless outdoor recreation activities at Prien Lake Park, or to experience the...
The Luxury Collection Signs with The Mori Trust Group for IRAPH SUI, a Luxury Collection Hotel in Okinawa, Japan
The Mori Trust Group | November 1, 2017
The Luxury Collection today announced the signing of IRAPH SUI, a Luxury Collection Hotel in Okinawa, Japan. Owned by The Mori Trust Group and slated to open in late 2018, the new island resort will be will be located in the city of Miyakojima, in Okinawa Prefecture and will be the third Luxury Collection hotel in Japan. "We are thrilled to welcome this island resort to our portfolio in Japan," said Mitzi Gaskins, Global Brand Leader, The Luxury Collection. "The luxury vacation market in Japan is a well-established one, and sophisticated travelers are always looking for exciting new destinations and authentic experiences wherever they g...
Sonnenblick-Eichner Company Arranges $16,750,000 of First Mortgage Acquisition Financing for the Normandy Hotel, Washington, D.C.
Sonnenblick-Eichner Company | November 1, 2017
Beverly Hills, CA (November 1, 2017) -- Sonnenblick-Eichner Company has secured $16,750,000 of acquisition financing for the purchase of the 75-room Normandy Hotel, located in the upscale Kalorama neighborhood of Washington, D.C. The property was acquired by Blu Kalorama Hotel, L.P. based in Santa Barbara, California The buyer has a long track record in the acquisition and repositioning of hotel properties and plans to upgrade the hotel and utilize their management expertise to bring hotel operations in line with its Competitive Set. Washington, D.C. is one of the strongest performing lodging markets in the nation. "We generated a treme...
Avison Young Hospitality Group Announces Closings
Avison Young | November 1, 2017
ATLANTA – November 1, 2017 – The Avison Young Hospitality Group announced today that it has closed 33 hotel transactions over the past 22 weeks. It also announced the hotel practice group has closed 318 hotel transactions since 2013 consisting of 91 Marriott, 68 Hilton, 42 IHG, 27 Choice, 16 Red Roof, 14 Wyndham, 7 Carlson and 53 other branded, historical or independent hotels. "The market is still in the window of this up-cycle," said H. Keith Thompson principal at Avison Young. "This cycle began in spring of 2010 and its duration is well beyond what most expected. Based on new debt, maturing CMBS debt, public markets and n...
Tru by Hilton Expands to Canada with Signing of Three Properties
Hilton | October 31, 2017
MCLEAN, Va. – October 31, 2017 – Hilton (NYSE: HLT) today announced deals for three Tru by Hilton properties in Canada, which marks the development of the brand's first non-U.S. locations. Located in Alberta, Tru by Hilton Edmonton-Windermere is the first of these properties expected to open in 2018. It will be followed by two additional Tru by Hilton properties in Ontario in 2019. These hotels are part of Tru by Hilton's robust pipeline of 420 hotels in various stages of development – the fastest-growing pipeline in the history of the hospitality industry. "Tru by Hilton is an innovator and industry-leader in the mids...
Hotel Equities Expands Executive Team with Four Key Appointments
otel Equities | October 31, 2017
ATLANTA, GA (October 31, 2017) – Recognizing a critical time of opportunity, Atlanta-based Hotel Equities (HE) named four hospitality industry veterans to expand its executive team and implement the firm's strategic growth. Hotel Equities named Bryan DeCort as Senior Vice President of Operations, Greg Presley as Vice President of Business Development, Patrick Trainor as Vice President of Projects and Facilities and Thomas Harrison as Regional Director of Sales. "Expansion of our executive leadership team is mission critical. We continue to invest in talent and infrastructure improvements throughout our disciplines," said Brad Rahi...
LUX* Resorts & Hotels Books In For Growth With Infor
Infor | October 31, 2017
Infor EzRMS Rolled Out As Part of Strategy to Optimize Performance NEW YORK – Oct. 31, 2017 – Infor, a leading provider of beautiful business applications specialized by industry and built for the cloud, today announced that LUX* Resorts & Hotels has gone live on Infor EzRMS revenue management software, across eight properties. The application is set to help support more than 1,400 rooms as part of an ambitious strategy to drive growth and maximize revenue at the luxury resort operator. Infor EzRMS will provide revenue strategy recommendations per room category and channel that are intended to optimize yield throughout t...
Desbravador Integrates TravelClick’s iHotelier Central Reservations System into its Property Management System
Desbravador | October 30, 2017
Integration Provides Real-Time Transmission of Rates and Inventory While Facilitating Seamless Communication for Hoteliers to Maximize Revenue NEW YORK, N.Y. October 30, 2017 – TravelClick, a global provider of innovative, cloud-based and data-driven solutions for hotels to maximize revenue, and Desbravador, a leader in lodging industry Property Management Systems (PMS) with a commercial presence in Brazil, Argentina and Europe and more than 3,500 clients across six other countries, have come together to integrate TravelClick's iHotelier Central Reservations System (CRS) into Desbravador Intelligent Management Software's PMS. This...
Hospitality Financial Leadership – Using EFTEs
David Lund | October 30, 2017
By David Lund If You Can't Measure It, You Can't Improve It. Management thinker Peter Drucker is often quoted as saying, "You can't manage what you can't measure." Drucker means that you can't know whether or not you are successful unless success is defined and tracked. In the hotel business payroll is the number one cost. STR recently reported that labor made up 50 percent of revenues for a sample of over 4,000 hotels of all types and sizes. Having an efficient and reliable way to measure payroll is critical in any business. In hotels, the impact of payroll is amplified considerably and the need to have so...
Duetto Brings True Personalization to Booking Process with Launch of PlayMaker
Duetto | October 30, 2017
With Hospitality's Only Revenue Strategy Platform and PlayMaker, Hotels and Casinos Can Increase Conversion Through Customized Merchandising San Francisco, October 30, 2017 — Duetto, hospitality's only Revenue Strategy Platform in the cloud, has introduced PlayMaker, the industry's first application tackling true personalization of the booking path. The new cloud application addresses the industry's greatest challenge by providing consumers a better and more personal shopping experience, increasing their likelihood to convert. By serving both known and unknown shoppers customized merchandising content on direct channels, PlayMaker...
Q3 2017 Financial Reports Round Up Part 2: Hilton, Wyndham, Las Vegas Sands, Pebblebrook
October 26, 2017
Hilton Worldwide reports net income of $181 million for the third quarter 2017. Hilton added 12,000 net rooms in the third quarter and the development pipeline hit a record 335,000 rooms in Q3, a 13% rise over the same quarter in 2016. System-wide comparable RevPAR increased 1.3 percent on a currency neutral basis for the third quarter compared to the prior year Wyndham Worldwide reports net income in the third quarter of 2017 at $203 million compared with $196 million for the third quarter of 2016. Third quarter domestic same-store RevPAR increased 2.3% compared with third quarter 2016. In constant currency, global same-store RevPAR in...
HITEC Amsterdam 2018 Online Registration and Housing Bureau Open Now
HITEC | October 25, 2017
HFTP's second annual HITEC Amsterdam is 11-13 April 2018 at the RAI Amsterdam Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition & Conference (HITEC®), announced that attendee online registration for its second HITEC Amsterdam is now open. Also available on the HITEC Amsterdam website is information on travel and hotel reservations. HITEC Amsterdam will take place from 11-13 April 2018 at the RAI Amsterdam Convention Centre in Amsterdam, The Netherlands. "2018 will be the second time HFTP brings HITEC to Europe," said HFTP CEO Frank Wolfe. "Amste...
Public Involvement in Convention Center Hotel Financing
Thomas A Hazinski | October 24, 2017
By Thomas A Hazinski, Brian Harris Research generously supported by the Greater Phoenix Convention and Visitors Bureau Public sector involvement in convention center hotel projects is common due to the high cost of development and lack of private capital for such investments. Event planners expect the presence of a hotel adjacent to a convention center. Consequently, proximate hotels are essential for many convention centers to remain competitive in the convention center industry. As most communities desire the economic impact of group events and the spending of the visitors they attract, many are providing public subsidies to projects...
