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 to Manage New Residence Inn Atlanta Perimeter Center Dunwoody, Developed by Hotel Development Partners
Hotel Equities | September 6, 2017
ATLANTA-September 6, 2017– Atlanta-based Hotel Equities was named to manage the 127-suite Residence Inn by Marriott Atlanta Perimeter Center Dunwoody, developed and owned by Hotel Development Partners (HDP). The hotel marks the third property owned by HDP and managed by Hotel Equities in the vibrant, upscale Atlanta Perimeter Center market. Joe Fallis serves as the General Manager and Susan Zuppardo is the Director of Sales. Hotel Development Partners also owns the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody and the Fairfield Inn & Suites Perimeter Center. Both are also managed by Hotel Equities. "We are prou...
Top Franchise Companies in the U.S. Construction Pipeline are Marriott, Hilton and IHG Comprising 67% of Projects in the Total Pipeline
Lodging Econometrics | September 6, 2017
September 6, 2017 – PORTSMOUTH, NH – According to the recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the franchise companies with the largest pipelines are; Marriott with 1,288 Projects/166,096 Rooms, Hilton with 1,243 Projects/140,912 Rooms and IHG with 817 Projects/84,676 Rooms. These 3 franchise companies comprise 67% of all projects in the Total Pipeline. The largest brand for each of these companies are; Marriott's Fairfield Inn with 283 Projects/27,244 Rooms, Hilton's Home2 Suites with 343 Projects/35,845 Rooms and IHG's Holiday Inn Express with 426 Projects/39,393 Rooms. The co...
Peachtree Hotel Group Chooses Profitsword for Business Intelligence Platform
Peachtree Hotel Group | September 6, 2017
Sandy Springs, Georgia – September 6, 2017 – With the goal of improving operational efficiencies and providing a real-time reporting platform for management, Peachtree Hotel Group (PHG), one of the nation's fastest-growing hotel investment and management platforms, has chosen ProfitSword and the ProfitSage suite of applications for its portfolio of hotels. Peachtree operates 34 hotels concentrated in the southeastern United States with Comfort, Starwood, Hyatt, Marriott, IHG, and Hilton brands. ProfitSage is a web-based financial business intelligence application providing users with data in real-time. With a high level of i...
Trilogy Spa Holdings Appoints Samara Gonzalez as Spa Director, Well & Being Spa at El San Juan Hotel
Trilogy Spa Holdings | September 5, 2017
San Juan, PR – September 5, 2017 – Trilogy Spa Holdings announces the appointment of Samara Gonzalez as spa director of Well & Being Spa at El San Juan Hotel. Bringing a diverse background of retail, marketing and spa industry experience to this new role, Gonzalez will implement business-driving initiatives and marketing strategies to transform the newest Well & Being location into Puerto Rico's top destination spa for both locals and visiting tourists. In this position, Gonzalez will boost guest loyalty and drive business to the 4,400 square-foot spa and 5,000 square-foot fitness center through the development of cr...
Marriott Has the Largest Construction Pipeline of Any Franchise Company in the U.S.
Lodging Econometrics | September 5, 2017
September 5, 2017 – PORTSMOUTH, NH – Marriott International currently has the largest construction pipeline of any franchise company with 1,288 Projects/166,096 Rooms. Their largest brands in the Pipeline are: Fairfield Inn with 283 Projects/27,244 Rooms, Residence Inn with 187 Projects/23,617 Rooms and TownePlace Suites with 184 Projects/18,757 Rooms. Marriott has the most rooms currently Under Construction with 482 Projects/67,434 Rooms, which represents almost 1/3 of all Pipeline rooms Under Construction. Additionally, they have the most rooms Scheduled to Start Construction in the Next 12 Months with 619 Projects/76,451 ...
Hospitality Financial Leadership – How to Set Up and Report Food & Beverage in Your Hotel Financials
David Lund | September 5, 2017
By David Lund That is a long title and it is fitting because F&B reporting in your financials is the longest part of your hotel financial reporting process. Every other department except for benefits is a single shot. In F&B you need allocations and a roll up of all outlets into a total F&B profit statement. This is the single biggest area where I see hotels get their statements wrong. In this article, I am going to lay out how to set up your statements and general ledger to provide you strong financial reporting for your food and beverage department. Food and beverage is different This is the first thing to grasp. In comple...
Owned and Managed by Woodbury Corporation, SpringHill Suites By Marriott in Idaho Falls, Idaho Opens
SpringHill Suites by Marriott | September 1, 2017
Idaho Falls, Idaho – September 1, 2017 – Marriott International announced that the SpringHill Suites by Marriott in Idaho Falls, Idaho, is now open. The 124-suite hotel, located at 665 Riverwalk Drive, will operate as a Marriott franchise, owned and managed by Woodbury Corporation, a full-service real estate management and development company based out of Salt Lake City, Utah. Located on the Snake River, the new SpringHill Suites by Marriott will be located just three miles from the Idaho Falls Regional Airport, and five minutes from downtown. The hotel offers guests convenient access to the Idaho Falls LDS Temple, Idaho Nat...
New York Market Leads U.S. Markets with the Largest Construction Pipeline Followed by Houston and Dallas
Lodging Econometrics | August 30, 2017
August 30, 2017 – PORTSMOUTH, NH – In the second quarter, analysts at Lodging Econometrics (LE) report that the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 190 Projects/31,923 Rooms; Houston with 159 Projects/17,472 Rooms; Dallas with 147 Projects/18,429 Rooms; Nashville with 125 Projects/16,697 Rooms; and Los Angeles with 109 Projects/17,029 Rooms. Dallas has the most New Hotel Openings forecasted for 2017 with 42 Hotels/5,029 Rooms, then New York, which is expected to open 38 Hotels/5,657 Rooms followed by Houston with 31 Hotels/3,182 Rooms. In 2018, New York is forec...
Lotte Tour Development and Hyatt Hotels Enter Agreement for New Build Grand Hyatt Hotel in Jeju City, South Korea
Grand Hyatt | August 29, 2017
The hotel is to be part of Lotte Tour's integrated resort project on Jeju Island, South Korea and is expected to be the second largest Grand Hyatt hotel in the world CHICAGO (August 29, 2017) - Hyatt Hotels Corporation today announced that a Hyatt affiliate has entered into a management agreement with Lotte Tour Development Co., Ltd. for a Grand Hyatt branded hotel in Jeju City, Jeju Island, South Korea. The new hotel will mark Hyatt's sixth property in the country, complementing Grand Hyatt Seoul and is expected to be the second largest Grand Hyatt hotel in the world. Grand Hyatt Jeju will make its home in the center of Jeju City, the ...
Hospitality Financial Leadership – Leadership and Technology
David Lund | August 29, 2017
By David Lund "Your success in life isn't based on your ability to simply change. It is based on your ability to change faster than your competition, customers, and business." – Mark Sanborn One incredibly challenging aspect of hospitality is the ever-changing technology. In a modern full-service 500-plus room hotel you have more than 50 different systems and apps to manage, integrate and upgrade. Most people do not see the massive amount of technology being used in hospitality and this article is about leadership in the face of that ever-changing landscape. I remember when we upgraded from Micros 4700 posting machines in the fron...
HFTP Announces Re-branded Annual Convention Formal Event, HFTP’s Annual Tribute to Success
HFTP | August 29, 2017
The Friday night event, formerly known as "President's Evening," will recognize outstanding achievements by HFTP members Hospitality Financial and Technology Professionals (HFTP®) is making some key updates to its Friday evening event at its upcoming Annual Convention, an event the association has produced since 1952. The event, which offers essential educational and networking opportunities for hospitality finance and technology professionals, will feature a reformatted formal dinner program. Now called "HFTP's Annual Tribute to Success," the celebration will focus on recognizing the association and its outstanding me...
U.S. Hotel Construction Pipeline Up 7% Year-Over-Year with a 20% Increase in New Supply Forecast for 2017
Lodging Econometrics | August 28, 2017
According to a recent report by Lodging Econometrics (LE), the U.S. Construction Pipeline stands at 4,973 Projects/598,371 Rooms, with projects up 7% Year-Over-Year (YOY). There are 1,520 Projects/198,710 Rooms Under Construction, up 10% YOY, and are the highest counts recorded this cycle. Projects Scheduled to Start Construction in the Next 12 Months, at 2,312 Projects/264,924 Rooms, are up 5% YOY. Projects in Early Planning are at 1,141 Projects/134,737 Rooms and are up 8%, YOY. However, it's slightly down from last quarter which, so far, is the peak level this cycle. For the economy, the rate of growth may be low but it's running on ...
EB-5 Financing Lawyer: What JMBM Does to Help Developers With EB-5 Construction Financing
Jim Butler | August 28, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 28 August 2017 Focus on helping developers Client confidentiality precludes us from listing clients and projects we have assisted with this program, but suffice it to say that some of the best known names in the business are tapping into this funding source to fill out their capital stack at a favorable cost. And we have helped some of the biggest and highest profile players. JMBM has closed more than $1.5 billion of EB-5 financing and has sourced more than half of that for our development clients. We specialize in representing developer...
Owned by HDP Spruill and Managed by Hotel Equities, Residence Inn Hotel Set to Open in Dunwoody, Georgia
Residence Inn by Marriott | August 24, 2017
Dunwoody, GA – August 24, 2017 – The 127-suite Residence Inn by Marriott in Dunwoody, Georgia is scheduled to open on Thursday, August 31, 2017. Located at 4695 Ashford Dunwoody Road, the all-suite Residence Inn Atlanta Perimeter Center/Dunwoody will operate as a Marriott franchise, owned by HDP Spruill, LLC and managed by Hotel Equities of Atlanta, Georgia. Located 10 minutes from Braves Stadium, 20 minutes from downtown Atlanta and 20 miles from Hartsfield-Jackson Atlanta International Airport, the Residence Inn Atlanta Perimeter Center/Dunwoody offers its guests convenient access to the Perimeter Center Mall, Georgia Aqua...
Getting into the Mind Set of Budget Planning Season for 2018
the Author & HeBS Digital | August 23, 2017
A quick look at macro and micro travel trends in preparation for the fall budget planning season By Jason Price, EVP, HeBS Digital Budget season is fast approaching and next month HeBS Digital will publish its annual Smart Hoteliers' Guide to Budgeting for 2018. This popular guide provides hotel marketers with a blue print on where, what, and how for driving the direct online channel and shifting share away from the OTAs. The planning process should take a macro and micro view of the travel economy because the broader market does affect the economic conditions of your local and regional destination. Moving into 2018, travel supply a...
Duetto and Constance Hotels & Resorts Announce Revenue Strategy Partnership
Duetto | August 23, 2017
Leading Hotelier in the Indian Ocean Resort Market Adopts Duetto's Cloud Applications Poste de Flacq, Mauritius, 23 August, 2017 — Duetto, the hospitality industry's leader in Revenue Strategy technology, has partnered with Constance Hotels & Resorts to bring the firm's cloud-based solutions to the seven Constance resorts in luxury destinations across the Indian Ocean. "Our agreement with Constance Hotels and Resorts shows the benefits of a new approach to Revenue Strategy in the luxury-resort sector, and we're pleased to count such a high-caliber hotel company as our newest partner," said Patrick Bosworth, Co-Founder and CEO ...
The Rainmaker Group Ranks on Inc. 5000 List of America’s Fastest-growing Private Companies for Seventh Consecutive Year
Rainmaker | August 22, 2017
Alpharetta, Ga. – August 22, 2017 – The Rainmaker Group (Rainmaker), the hotel revenue and profit optimization cloud, is proud to announce that it has again ranked on the Inc. 5000 list of the fastest growing privately held companies in the U.S. for 2017, making it the seventh consecutive year to achieve this honor. With the addition of 2017, Rainmaker is now part of an elite two percent (2%) of companies that have had the honor of being listed seven times, and an even smaller percentage that have received this distinction for seven years consecutively. With a continuously expanding customer base, Rainmaker continues to rank...
EB-5 Financing Lawyer: Why You Do NOT Want to Form Your Own Regional Center
Jim Butler | August 22, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 04 August 2017 How should developers pursue EB-5 financing? Although the EB-5 immigrant visa program has been around since 1990, the current trend of using it as a source of financing for hotel and other real estate started 20 years later – around 2010. We worked on one of the first hotel EB-5 financings for the W Hotel & Residences in Hollywood, and we have since worked on more than 100 EB-5 projects all over the country. Now, the use of EB-5 financing for construction has gone mainstream. High profile EB-5 financing closings ...
Hospitality Financial Leadership – Creating Hotel Financial Policies
David Lund | August 22, 2017
By David Lund Having a policy manual that covers all the important aspects of your business that relate directly to the financial function is a mission-critical building block for your hotel company. Not too many people would argue with that statement. Why then do most small hotel companies still not have a financial policy manual for its hotels and what do they need to do to create one? In this article, I will lay out why this project is on the backburner, how to construct a policy and a process for getting this project completed in short order. There are two main reasons why the creation and completion of this policy manual are so elu...
Cayman Islands Newest Addition, the Kimpton Seafire Resort & Spa, Manages Uniform Inventory with InvoTech Systems
InvoTech Systems, Inc. | August 21, 2017
InvoTech Uniform System Provides Cost Saving Benefits to New Caribbean Resort with Efficient Inventory Control and Accountability LOS ANGELES, CA – August 22, 2017 InvoTech Systems Inc. announces the recent implementation of its Uniform System at the Kimpton Seafire Resort & Spa, located on the Cayman Islands, west of the Caribbean Sea. InvoTech Systems is the leading provider of advanced Linen Management, Laundry and Uniform Systems that increase profitability for hotels, resorts, casino operators, sports arenas, convention centers and theme parks. The InvoTech System installed at the Kimpton Seafire Resort & Spa manages ...
EB-5 Financing Lawyer: The 5 Questions Every Developer is Asking About EB-5 Financing
Jim Butler | August 18, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 18 August 2017 EB-5 financing has gone mainstream for hotel development The use of EB-5 financing has exploded over the past 8 years as an important funding source for new development – particularly for hotel developments. It is clearly now part of the "mainstream." It is used by many institutional players, including government entities such as port authorities, major hotel brands like Marriott and Hilton, and some of America's most successful and respected companies, such as Great Wolf Resorts, the Related Companies, and Silverste...
Demystifying the Digital Marketplace: Managing the Cost of Sales
August 17, 2017
By Maureen O'Hanlon HSMAI's Sales Advisory Board recently discussed Demystifying the Digital Marketplace, (available at no cost to HSMAI members, code "HSMAI2016"), and were joined in their discussion by Cindy Estis Green, co-author of the report and co-founder of Kalibri Labs. Part 1 of "DDM" is at a micro level, and describes the key players and current models. Part 2 focuses on hotel performance. Part 3, coming soon, will focus on what actions hoteliers can take to better manage their acquisition costs and reduce the cost of sales. Why should sales people care? How do changing distribution trends impact direct sales? Simply...
HFTP Announces 2017 CHAE of the Year Recipient Guus Martinus Heijmans, CHAE
HFTP | August 17, 2017
Heijmans will be honored at HFTP's upcoming 2017 Annual Convention in October Hospitality Financial and Technology Professionals (HFTP®) will honor Guus Martinus Heijmans, CHAE as the 2017 Certified Hospitality Accountant Executive (CHAE®) of the Year at its upcoming Annual Convention this October. The CHAE of the Year award honors the individual that scored the highest on the CHAE certification exam within a given year. HFTP's Annual Convention will be held from October 25-27, 2017 at the Omni Orlando Resort at Championsgate in Championsgate, Florida USA. Heijmans' accounting journey began from an F&B internship tha...
JMBM’s Global Hospitality Group Announces the Publication of an EB-5 Handbook for Developers
JMBM's Global Hospitality Group | August 17, 2017
LOS ANGELES--August 17, 2017--JMBM's Global Hospitality Group® and EB-5 Finance Group™ are pleased to announce the publication of The Developer's EB-5 Handbook for EB-5 Construction Financing, a "must-read" resource for developers who are considering using EB-5 financing to complete or enhance their capital stack for construction projects. This is the much talked-about and often (inappropriately) maligned EB-5 program, also known as the immigrant investment visa program. While there are many pending developments that could affect the EB-5 program, this is still a good time to learn how the program works and w...
