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
Alex. Brown Realty JV with Hotel Development Partners to Develop Courtyard by Marriott in Alpharetta, Georgia
Alex. Brown Realty | October 9, 2017
BALTIMORE--October 9, 2017--Alex. Brown Realty, Inc. (ABR) and Hotel Development Partners (HDP) have announced plans to develop a 115-room Courtyard by Marriott in Alpharetta, Georgia. ABR Chesapeake Fund V, a value-add real estate fund sponsored by ABR, invested $7.2 million in the joint venture. Financing for the project will be provided by the Bank of North Georgia, a division of Synovus Bank. The joint venture recently closed on the 1.9 acre site located off of Old Milton Parkway directly across from Avalon – the 86-acre mixed-use development that is expected to be a major demand generator for the hotel. "Alpharetta is experie...
Hilton Launches Africa Growth Initiative with Expectation of Adding 100 Properties Over the Next Five Years
Hilton | October 5, 2017
MCLEAN, Va. - Hilton (NYSE: HLT) has committed a total of $50 million over the next five years towards the Hilton Africa Growth Initiative to support the continued expansion of its Sub-Saharan African portfolio. These funds are intended to support the conversion of around 100 hotels (roughly 20,000 rooms) in multiple African markets into Hilton branded properties, namely into its flagship Hilton Hotels & Resorts brand, the upscale DoubleTree by Hilton and the recently launched Curio Collection by Hilton. Patrick Fitzgibbon, Senior Vice President, Development, Europe, Middle East and Africa, Hilton said: "Hilton remains committe...
Hotel Equities to Manage TownePlace Suites in Tallahassee, FL
Hotel Equities | October 5, 2017
ATLANTA–October 5, 2017–Atlanta-based Hotel Equities recently announced its selection as the management firm for the TownePlace Suites by Marriott in Tallahassee, Florida. The Edgewater Group owns the property and Terry Foye serves as the General Manager. The extended stay hotel is located on Capital Circle NE between Centerville and Miccosukee Roads in Tallahassee, Florida. It stands less than a mile from Florida State University and directly across from Capital Regional Medical Center. It is also convenient to downtown Tallahassee, Florida A&M University, Governor's Square Mall and Maclay Gardens State Park. "We are ex...
Rainmaker Ends Summer with Record-Setting Performance and Growth
Rainmaker | October 5, 2017
Leading provider of revenue and profit optimization software deploys solutions at more than 150 properties in 14 countries ALPHARETTA, GA – Oct. 5, 2017 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue management software, today announced that it has ended the summer with record-setting performance and growth, deploying its solutions at more than 150 properties in 14 countries in July and August. The properties include hotels, resorts and casinos throughout North America, Europe, Asia and Australia. Among the company's recent implementations are: FIVE Palm Jumeirah Dubai; Palazzo Versa...
HEDNA Call to Participate in Survey Developed to Tackle Global Hotel Current Analytics Practice & Challenges
Hotel Electronic Distribution Network Association (HEDNA) | October 3, 2017
Results of the open survey will be published to educate hoteliers on implementing analytics best practices to optimize their distribution strategies Washington, DC (October 3, 2017) – HEDNA (the Hotel Electronic Distribution Network Association) today announced, via its most recently formed working group on Hotel Analytics, the launch of a campaign to invite hoteliers to participate in a new global survey on analytics best practice. The working group, co-chaired by David Turnbull (Co-Founder, SnapShot) & Matthew Goulden (CEO, Triometric) aims to establish best practice guidelines that will empower hoteliers to optimize how the...
Hospitality Financial Leadership – How Can You Turn $250 Savings into $1,000,000 In Asset Value
David Lund | October 3, 2017
By David Lund That's right, your eyes and the headline are not fooling you. I learned this from a client in a backward kind of way and now I want to share it with you. It is a powerful way to justify and prove a return on investment (ROI) for financial leadership training. I use this story as well to show my clients what they are leaving on table in the way of profits and asset value if they are not using financial leadership in their hotel. I had just finished a half-day hospitality financial leadership workshop for a client, one of a series of six that they had contracted me to do. The General Manager got up and thanked me and ask...
Nakheel and Centara Reach New Milestone on 600-Room Beachfront Resort at Deira Islands; Enter Joint Venture
Centara Hotels & Resorts | October 3, 2017
Hotel management agreement confirmed as joint venture company officially incorporated Bangkok, 3 October 2017 - UAE-based master developer Nakheel and leading Thai hotel group Centara Hotels and Resorts today reached a key milestone on their 600-room beachfront resort and waterpark at Dubai's Deira Islands, with the official formation of the joint venture company and the signing of a management agreement. The joint venture, cemented by Nakheel Chairman Ali Rashid Lootah and Centara Chairman of the Board, Suthikiati Chirathivat, at a signing ceremony at Centara's headquarters in Bangkok, will deliver a family-centric lifestyle destinati...
IHG Appoints Claire Bennett as Chief Marketing Officer
IHG | October 2, 2017
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has today announced the appointment of Claire Bennett as Chief Marketing Officer, effective immediately. Claire joins IHG from American Express, where she held a number of senior, consumer-focused marketing roles over a period of more than 10 years. She brings extensive marketing, brand and loyalty expertise to IHG, and a proven track record of leveraging data and technology to drive powerful marketing investments. During her career with American Express, Claire has overseen global marketing and brand management, leading its worldwide advertising, medi...
Owned and Managed by Hawkeye Hotels, New Fairfield Inn & Suites Set to Open in Coralville, Iowa
Fairfield Inn & Suites | October 2, 2017
Coralville, IA – October 2, 2017 – The 95-room Fairfield Inn & Suites by Marriott in Coralville, Iowa is scheduled to open in mid-October with its smart, inventive public space and guest room design, and its bright and inviting décor. Located at 650 Coral Ridge Avenue, the Fairfield Inn & Suites Coralville will operate as a Marriott franchise, owned and managed by Hawkeye Hotels of Coralville, Iowa. General Manager, Brian Bowser leads the management team at the property. Located across the street from the Coral Ridge Mall and 16 miles from Cedar Rapids Eastern Iowa Airport, the Fairfield Inn & Suites Coral...
Hilton and Fess Parker Family Announce Extensive Remodel and Rebranding of Santa Barbara’s Iconic Beachfront Resort
Hilton Hotels & Resorts | October 2, 2017
SANTA BARBARA, Calif., Oct. 2, 2017 -- Hilton (NYSE: HLT) and the Fess Parker family, announce the first phase of a complete renovation and rebrand of The Fess Parker, A Doubletree by Hilton Resort. Upon completion, the hotel will be known as Hilton Santa Barbara Beachfront Resort. Originally built in 1986, the property will remain managed by Hilton and jointly owned by Park Hotels & Resorts (PK-NYSE) along with Fess Parker's children who are proud to continue their 30-year partnership with Hilton. "We are fortunate to have an operating partner in Hilton, whose properties around the globe are synonymous with the highest sta...
Owned and Managed by Concord Hospitality, New Courtyard by Marriott Houston Intercontinental Airport Opens in Texas
Courtyard by Marriott | September 28, 2017
Houston, TX – September 28, 2017 – Courtyard by Marriott Houston Intercontinental Airport opened its doors in Houston, Texas on September 18, 2017. Featuring an innovative lobby space as well as Courtyard's latest contemporary room design, the new hotel provides flexibility and choices that allow guests to optimize and elevate their travel experience. Located at 1538 John F Kennedy Boulevard, the 127-room hotel will operate as a Marriott franchise, owned and managed by Concord Hospitality of Raleigh, North Carolina. Located less than one mile away from George Bush Intercontinental Airport, the Courtyard Houston Intercontinen...
Hilton Garden Inn Opens in Chinese City of Shiyan with General Manager Mason Liu at the Helm
Hilton Garden Inn | September 28, 2017
SHIYAN, HUBEI, China and MCLEAN, Va., Sept. 28, 2017-- Hilton (NYSE: HLT) today announced the opening of Hilton Garden Inn Shiyan, the first Hilton Garden Inn and second Hilton property in Shiyan, following the opening of DoubleTree by Hilton Shiyan. "Hilton Garden Inn Shiyan offers midscale accommodation options and modern amenities to cater to the needs of today's busy travelers," said John Greenleaf, global head, Hilton Garden Inn. "With more than 700 Hilton Garden Inn hotels worldwide, we have a proven track record of ensuring exceptional and memorable experiences for guests, through our high standards of comfort ...
IHG and Trans Orient Group Debut Holiday Inn Brand in Quatar with Opening of Holiday Inn Doha
Holiday Inn | September 28, 2017
New Delhi, India, 28thSeptember, 2017: InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, announced the opening of Holiday Inn Doha - The Business Park in partnership with the Trans Orient Group. The opening marks the brand's debut in the country and will be the 24th Holiday Inn in the Middle East region. The newly-built, 307-room hotel is situated right in the centre of the business and financial district in Doha. The site is adjacent to the existing Crowne Plaza Doha - The Business Park, located on Al Matar Street and is a part of The Business Park complex that hosts financial, medical, government an...
Owned by NewcrestImage, Newly-Built Embassy Suites by Hilton Opens in Amarillo, Texas
Embassy Suites by Hilton | September 28, 2017
AMARILLO, Texas and MCLEAN, Va. - Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton, announced today the opening of a newly-built hotel in Amarillo, TX. Owned by NewcrestImage, the full service Hilton property is located in the heart of downtown Amarillo and within walking distance to great local restaurants, the Civic Center and Globe News Center for Performing Arts. Embassy Suites by Hilton prides itself on offering guests an approachable and stress-free experience at each of its spacious, all-suites hotel properties. Embassy Suites by Hilton Amarillo Downtown has 226 contemporary suites and is ideal fo...
North Point Hospitality Celebrates Topping Out on First Tri-Branded Marriott Hotel in the US
North Point Hospitality Group | September 28, 2017
NASHVILLE, Tenn. – (September 28, 2017) – North Point Hospitality, an Atlanta based hotel development and management company, celebrated the topping out of the first tri-branded Marriott hotel in the US yesterday afternoon with a private ceremony. Key leaders and executives from Marriott International, Inc., SunTrust Commercial Real Estate, the construction lender, & North Point Hospitality were in attendance. The tri-branded $140 million, 470-room Marriott, located in Nashville's popular SoBro neighborhood at 410 5th Avenue South, will include a 125-room SpringHill Suites, a 136-room Residence Inn, and 209-room AC Hotel...
The Rainmaker Group Wins Prestigious GGB Gaming & Technology Award
Rainmaker | September 28, 2017
Company's grouprev® Solution Takes Silver in 'Best Productivity Enhancement Technology' Category ALPHARETTA, GA. – Sept. 28, 2017 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue management software solutions, today announced that it has received the prestigious silver medal for its groundbreaking grouprev® solution in the 17th Annual GGB Gaming & Technology Awards. The award will be presented at next week's Global Gaming Expo (G2E) in Las Vegas. The Gaming & Technology Awards, sponsored by Global Gaming Business magazine, recognize excellence in innovation and practica...
Aptech’s Execuvue® Delivers Next-Day Portfolio Analysis for Multiproperty Operators
Aptech Computer Systems, Inc. | September 27, 2017
Execuvue Hospitality Business Intelligence Reports Put Performance Data in Operators' Hands In Time to Make a Financial Difference PITTSBURGH – September 27, 2017 – Accurate, next day financial reporting is essential for proactive profitability-focused operators. Comprehensive operations reports with dynamic drill down capability are like headlights that examine the factors that impact performance. They show managers and owners where their business is, how it got there, and illuminate what they need to change to make it better. "TPG Hotels & Resorts operates a portfolio of more than 50 hotels nationwide. Understanding wh...
Brookfield Asset Management Names Audrey Oswell President and Managing Director of Atlantis, Paradise Island
Atlantis Paradise Island, The Bahamas | September 26, 2017
PARADISE ISLAND, BAHAMAS, SEPTEMBER 26, 2017 – Today, Atlantis, Paradise Island resort in The Bahamas announced the immediate appointment of Audrey Oswell as President and Managing Director. Oswell has held the role of Chief Operating Officer at the resort since the end of 2016 and had previously held the role of Chief Gaming Officer at Atlantis from 2011 to 2013. With this appointment, Oswell becomes the first female President of Atlantis, Paradise Island. According to Andrea Balkan, Managing Partner of Brookfield Asset Management, owners of the resort, "we are extremely pleased that Audrey will elevate her leadership role at the...
Hospitality Financial Leadership – The Third Pillar
David Lund | September 25, 2017
By David Lund In the hotel business, there are three pillars: the guests, the colleagues and the money. They are not equal. They are not equal because we ignore the third pillar and we do so at our own peril and out of a bad habit. We are lazy about what we can do to manage this cagey and slippery bugger. There is a fundamental disconnect in our industry, and it is high time that changed. It is no longer acceptable to throw our hands up in the air and say the numbers are the accounting department's responsibility as if the rest of us are 5-year-olds without a clue what to do. If you are one of those, it is time to move and get some fina...
The Americas Is the Top World Region and Market in the Global Construction Pipeline
Lodging Econometrics | September 25, 2017
September 25, 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 The America's with 5,719 Projects/745,510 Rooms, Asia Pacific with 3,862 Projects/836,725 Rooms and EMEA with 1,679 Projects/337,135 Rooms. The top countries by project-count are the United States with 4,973 Projects/598,371 Rooms and China with 2,410 Projects/525,225 Rooms. The U.S. accounts for 41% of the projects in the Global Pipeline while China accounts for...
Paramount Lodging Advisors Sells 12th Consecutive Property in the Indiana Market
Paramount Lodging Advisors | September 22, 2017
Indianapolis, IN -- Paramount Lodging Advisors (PLA) is pleased to announce four transactions in Indiana over the last 14 days – starting with the sale of the Quality Inn South Bend and the Quality Inn Indianapolis. The properties were sold to a single buyer for an undisclosed amount. Managing Directors Bennett Webster and Brent Clemens, Senior Associate Mike Schlictman, and Associate Hussain Waseem represented the seller in these transactions. The 246-room portfolio was ideally positioned next to the University of Notre Dame in South Bend and the I-465 Beltway in Indianapolis. The buyer was looking to substantially supplement the...
Global Hotel Construction Pipeline Growing with Projects up 8% YOY
Lodging Econometrics | September 22, 2017
September 22, 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 12,190 Projects/2,029,231 Rooms, up 8% by projects Year-Over-Year (YOY). There are 5,691 Projects/1,048,457 Rooms Under Construction, up 9% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,879 Projects/557,958 Rooms, are up a strong 14% while projects in Early Planning at 2,620 Projects/422,816 Rooms are down just 12 projects, less than 1%, YOY. The leadin...
HFTP Announces 2017 Paragon Award Recipient
HFTP | September 21, 2017
Mary Gerdts will be honored at HFTP's Annual Convention this October Mary Gerdts was selected as the 2017 Hospitality Financial and Technology Professionals (HFTP®) Paragon Award recipient for her unwavering support of the association, and substantial contributions to increase knowledge sharing and promote growth in the hospitality industry at large. Gerdts will be honored next month during HFTP's 2017 Annual Convention held at the Omni Orlando Resort at ChampionsGate in ChamptionsGate, Florida USA. Based in Phoenix, Arizona USA, Gerdts is the founder, CEO and president of two companies in the electronic transactions industry: P...
An Analysis of Franchise Fees
Robert Mandelbaum | September 20, 2017
By Robert Mandelbaum In the current market environment of modest growth in revenue, hotel owners and operators are paying extra attention to their operating expenses. Per the June 2017 edition of Hotel Horizons®, RevPAR growth in the U.S. is forecast to remain under 3.0 percent from 2018 through 2021. Therefore, it will be management's ability to control expenses that will enable profits to grow. One expense that management has less control over are franchise fees. Most of the fees charged by the franchising companies (brands) are assessed as a percent of a source of revenue. Therefore, owners and operators have mixed emotions when ...
