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
New Frontiers of Disruption to Highlight RSS 2017
RSS | June 27, 2017
300+ Participants Anticipated at the 5th Annual Gathering of Hotel Industry Innovators July 26 in Washington, D.C. Washington, DC – June 27, 2017 — Lee McCabe, Vice President of Alibaba Group, and Michael Saylor, President and CEO of Microstrategy, will deliver keynote addresses at the fifth annual Revenue Strategy Summit, (RSS), a gathering of thought leaders and practitioners who will examine disruptive forces reshaping the hospitality industry and how marketing and technology must evolve to meet new demands. Scheduled for July 26th at the Renaissance Washington, D.C. Downtown Hotel, RSS combines education, networking and ...
Atlas Hospitality Group Arranges Sale of Lone Oak Lodge Monterey
Atlas Hospitality Group | June 27, 2017
IRVINE, California–June 27, 2017–Atlas Hospitality Group, the market leader in California hotel sales, arranged the sale of the 46-room Lone Oak Lodge in Monterey, California. The Lone Oak Lodge sits close to Pacific Coast Highway on the high barriers-to-entry Monterey Peninsula, about two hours south of San Francisco. The boutique property benefits from its proximity to the Monterey Bay Aquarium, Cannery Row, Fisherman's Wharf and Pebble Beach. Atlas Hospitality Group Associate Joshua Miehl and Executive Vice President Oliver Shah represented the seller. The buyer was a local private investor. The Lone Oak Lodge sold for on...
China Construction Pipeline Remains Steady Despite Total Pipeline Drop of 7 Projects YOY
Lodging Econometrics | June 26, 2017
June 26, 2017 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that according to the recent China Construction Pipeline that the Total Pipeline has 2,441 Projects/534,285 Rooms, down just 7 projects Year-Over-Year (YOY). There are 1,722 Projects/360,379 Rooms Under Construction, down 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 323 Projects/72,323 Rooms, up 10%, while projects in Early Planning at 396 Projects/101,583 Rooms are up by 8%. The top hotel companies in China's Construction Pipeline are: Marriott International with 240 Projects/69,051 Rooms, InterC...
Hotel Equities to Manage Courtyard Sea World/Lackland in San Antonio, Texas
Hotel Equities | June 26, 2017
Atlanta – June 26, 2017 – Atlanta-based Hotel Equities (HE) announced that it has been chosen to manage the Courtyard by Marriott Sea World/Lackland in San Antonio, Texas after a complete renovation of the property. Hotel Equities now manages 20 hotels in the state of Texas which are supported by its Texas regional offices. "We're excited to take over management for owner Ram Khatter as the Courtyard renovation and new ownership will bring new life to this well-located, beautifully updated property," said Joe Reardon, SVP of Business Development and Marketing for HE. "This is a solid partnership with great owners and a ...
First Bristol Corporation Opens Newly Built Homewood Suites by Hilton Worcester in Central Massachusetts
Homewood Suites by Hilton | June 22, 2017
WORCESTER, Mass. 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 Worcester. Designed for guests who want to travel on their own terms, Homewood Suites by Hilton Worcester offers guests all the comforts of home, whether they are traveling for work or enjoying a well-earned getaway. With 118 new suites, the hotel offers upscale accommodations in an ideal location in the heart of downtown Worcester. "As a hub for scientific and technical research, Worcester is known to be a city that hosts conventions and conferences, and...
ANA InterContinental Beppu Resort & Spa to Open in 2019 Marking Japan’s First Luxury Onsen Resort
IHG | June 22, 2017
The city of Beppu, on the southern Japanese island of Kyushu, has long been a favourite with locals as an onsen retreat. Today, the city will enjoy a boost as an international spa resort destination with the announcement of the execution of a hotel management agreement for the ANA InterContinental Beppu Resort & Spa between IHG ANA Hotels Group Japan LLC and GHS K.K. The exclusively designed ANA InterContinental Beppu Resort & Spa will be InterContinental® Hotels & Resorts'e first onsen resort and will feature a unique experience including a public onsen bath, spa and pool, as well as a fitness centre, restaurants &a...
Hunden Strategic Partners Announces Lakefront Hotel Developer RFQ for Michigan City, Indiana
Hunden Strategic Partners | June 22, 2017
The Michigan City Redevelopment Commission (MCRC) is issuing a Request for Qualifications for a Hotel Developer for a proposed downtown hotel-based development in Michigan City, which could include additional uses such as restaurants. MCRC invites firms experienced in developing hotel projects to submit a proposal outlining their qualifications in response to this RFQ. While the MCRC is interested in developer creativity for a mix of potential uses on the site, the initial vision for the site includes a mixed-use building with an elevated hotel that would likely sit atop a parking structure. The proposed project is a 90 to 120-room near...
Owned and Managed by Ram Hotels, New TownePlace Suites by Marriott Set to Open in Montgomery, Alabama
TownePlace Suites by Marriott | June 22, 2017
Montgomery, AL – June 22, 2017 – Get ready to be real and be you on long stays. Marriott International's (NASDAQ: MAR) TownePlace Suites by Marriott Montgomery, Alabama is scheduled to open for business on Thursday, June 29, 2017. On average, a TownePlace Suites opens every six days. Built for travelers looking for a simple and friendly place where they can settle-in, keep their routine, and easily connect to the Montgomery area. The new TownePlace Suites Montgomery EastChase located at 2845 EastChase Lane, continues to exemplify the brand's rapid growth. The new hotel will operate as a Marriott franchise, owned and mana...
Home2 Suites by Hilton Opens in Opelika, Alabama with General Manager Laine English Oliver at the Helm
Home2 Suites by Hilton | June 21, 2017
OPELIKA, Ala. 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 Opelika Auburn. Designed for travelers who want to maintain their normal routine, the hotel features 81 suites and a range of value, tech-focused and eco-conscious amenities. Home2 Suites by Hilton Opelika Auburn's debut complements the area's rising economic growth, which has resulted in visitors spending $438 million in area hotels, restaurants and retail stores in 2016 alone.* "Whether visiting for an Auburn University football game or gr...
IHG to Launch New Midscale Brand With Details to Be Revealed Later This Year
June 21, 2017
InterContinental Hotels Group (IHG®), one of the world's leading global hotel companies, revealed plans to launch a new, high-quality midscale brand at its 2017 Americas Conference this week in Las Vegas. It will target more than 14 million guests in a vastly underserved segment of the U.S. midscale market, estimated to be worth $20 billion in annual industry revenues. This brand will champion the traveler who wants a hotel stay that finally meets their expectations for the type of hospitality they value most – the basics done exceptionally well – at a price point about $10-15 less than IHG's industry-leading Holiday Inn...
Hospitality Financial Leadership – What’s the System?
David Lund | June 21, 2017
By David Lund When we are creating financial leadership in our hotel we're focused on the system we use. When I say "system" in this context I am not talking about a computer system. We may use a computer and software when we construct the forecasts and budgets. What I'm talking about in this article is the Financial Communication System. What's my system for creating financial information in my hotel? How does it work and how can I enhance the system and get a better result? This article focuses on creating and maintaining an effective business system in your hotel. "Systems are everything to a business. Don't change the pe...
High Hotels Set to Open New SpringHill Suites by Marriott in Mount Laurel, New Jersey
SpringHill Suites by Marriott | June 21, 2017
Mount Laurel, NJ – June 21, 2017 – Marriott International announced today that the SpringHill Suites by Marriott in Mount Laurel, New Jersey is scheduled to open on Monday, June 26, 2017. The 135-suite hotel, located at 5000 Midlantic Drive, will operate as a Marriott franchise, owned and managed by High Hotels Ltd of Lancaster, Pennsylvania. SpringHill Suites Mount Laurel is located just 25 miles from Philadelphia International Airport, and 25 minutes from Center City Philadelphia. The hotel is the latest addition to the Laurel Corporate Center, which is home to more than 876,000 square feet of Class-A office space. Four ne...
Pebblebrook Hotel Trust Completes $118 Million Sale of the 252-Room Dumont NYC
Pebblebrook Hotel Trust | June 21, 2017
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has closed on the sale of the 252-room, upper upscale Dumont NYC in New York, New York for $118.0 million. The sale price of $118.0 million reflects a 25.2x EBITDA multiple and a 3.3% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the trailing twelve-month operating performance for the period ended May 31, 2017. "We are very excited to announce the sale of the Dumont NYC," noted Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. "Wit...
HITEC Toronto Entrepreneur 20X Judges and Mentors Announced
HITEC | June 21, 2017
Hospitality Financial and Technology Professionals (HFTP®), producer of the Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce the expert judges' panel and industry mentors that will offer their time and expertise in the Toronto version of Entrepreneur 20X (E20X). All registered HITEC attendees and exhibitors, including Exhibits Only registrants, are welcome to attend the action-packed pitch competition that will take place on Monday, June 26 from 1:00 to 4:00 p.m. at HITEC Toronto. "HFTP, with the help of Somers Communications, works hard each year to bring together experienced i...
The Rainmaker Group Continues Support of HSMAI Initiatives as Platinum Sponsor of 2017 Revenue Optimization Conference (ROC)
Rainmaker | June 21, 2017
Leading provider of revenue and profit optimization solutions for the hospitality and gaming industry to welcome attendees of ROC 2017 with presentation of educational session and sponsorship of volunteer opportunities Toronto – June 21, 2017 – The Rainmaker Group (Rainmaker), the market leader in revenue and profit optimization solutions for the gaming and hospitality industry, will work alongside HSMAI as a Platinum Partner in this year's Revenue Optimization Conference (ROC), taking place at the Metro Toronto Convention Centre on Wednesday, June 28. As part of this key partnership with HSMAI, Rainmaker will sponsor a numb...
Turf Pioneer South Broadway Opens New Homewood Suites by Hilton in Saratoga Springs, New York
Homewood Suites by Hilton | June 20, 2017
SARATOGA SPRINGS, N.Y. 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 Saratoga Springs. Designed for guests who want to travel on their own terms, Homewood Suites by Hilton Saratoga Springs offers guests all the comforts of home, whether they are traveling for work or enjoying a well-earned getaway. With 113 new suites, the hotel is ideally located in the foothills of the Adirondack Park and continues the brand's expansion in the state of New York. "Whether traveling to Saratoga Springs for the races, to enjoy a p...
New 103-Suite Residence Inn by Marriott Opens in Bolingbrook, Illinois with General Manager Zoe Jankovic at the Helm
Residence Inn by Marriott | June 20, 2017
Bolingbrook, IL – June 20, 2017 – The 103-suite Residence Inn by Marriott in Bolingbrook, Illinois is now open for business. Located at 180 Remington Boulevard, the all-suite Residence Inn Chicago Bolingbrook will operate as a Marriott franchise, owned by BGH Chicago Holdings LLC and managed by Love Hotel Management Company of St. Louis, Missouri. Located 25 miles south of downtown Chicago and 22 miles from Chicago Midway International Airport, the Residence Inn Chicago Bolingbrook offers its guests convenient access to Promenade Bolingbrook, the Illinois Aviation Museum, DuPage River Confluence Preserve and Lewis University...
Waramaug Hospitality Completes Renovation of Chicago Marriott Southwest Burr Ridge
Waramaug | June 20, 2017
Jun. 20, 2017, Boca Raton, FL— Waramaug Hospitality III LLC and Sidra Real Estate, Inc. unveiled the reimagined traveler experience following an $7,000,000 extensive renovation of the Marriott Southwest at Burr Ridge, in Burr Ridge, Illinois. The 185-room property was renovated with tailored solutions based on consumer insights, interior accents inspired by the chic, urban ambiance of vibrant downtown Chicago. The work surfaces allow flexibility for consumers to move and utilize technology wherever they desire freely; bathtubs in king rooms have been replaced with deluxe walk-in showers, and spa-like lighting provides a relaxed, u...
Top Hotel Management Company Implements Aptech’s Execuvue® Business Intelligence System
TPG Hotels & Resorts | June 20, 2017
Visit Aptech in Booth #1211 at HITEC in Toronto JUNE 26-29 at the Metro Toronto Convention Centre PITTSBURGH – June 20, 2017 – Aptech Computer Systems, a leading provider of hospitality enterprise accounting, budgeting, forecasting, and business intelligence systems, announced today that TPG Hotels & Resorts has deployed Execuvue Enterprise Business Intelligence System. TPG Hotels & Resorts is a top-ranked hospitality management company and fully accredited operator of the industry's most respected brands including Marriott (Starwood), Hilton, Hyatt, IHG and others. "With a national portfolio of more than 50 hotels o...
The Rainmaker Group to Showcase Hospitality Revenue and Profit Optimization Cloud at HITEC 2017
Rainmaker | June 20, 2017
Leading provider of revenue and profit optimization solutions for the hospitality and gaming industry to demonstrate comprehensive new cloud-based platform Toronto – June 20, 2017 – The Rainmaker Group (Rainmaker), the market leader in revenue and profit optimization solutions for the gaming and hospitality industry, is set to demonstrate its full suite of cloud-based solutions to attendees of HITEC 2017, taking place June 26th – 29th in Toronto, Canada. In addition to demonstrations of the proven Rainmaker revenue management, intelligence and rate-shopping solutions platform, which includes guestrev®, grouprev&re...
Hotelsoft Expands Its Development Center, Beefs Up Offerings
Hotelsoft | June 20, 2017
SAN FRANCISCO – June 20, 2017 - Hotelsoft Inc. (www.hotelsoft.com), a Silicon Valley startup focused on the hospitality industry recently moved its development center to a larger state of the art 16,000 sqft facility in Bengaluru (click to link), India to accommodate its growing dev team and the support staff. Company continues to operate from of its head-quarters in Fremont, CA. Hotelsoft's flagship product Hotelsoft One™ is a next generation integrated software that offers following applications to chain scale and independent hotels: Revenue Management System Business Intelligence Rate Shop The company has expanded it...
Paramount Lodging Advisors Arranges the Sale of Two Dallas-Area Fairfield Inn & Suites
Paramount Lodging Advisors | June 19, 2017
DALLAS, TX— Paramount Lodging Advisors (PLA) has completed the sales of the Fairfield Inn & Suites in Las Colinas and the Fairfield Inn & Suites Fort Worth/Fossil Creek in the Dallas, TX area. Senior Managing Director Scott Griemsmann and PLA Associate, Subu Thiagarajan represented the sellers in the transactions. Both Scott and Subu represent Paramount Lodging's West Coast office located in San Rafael, CA. "Our team did an excellent job creating competition for the hotels. We produced roughly 350 executed confidentiality agreements, 60 tours, and 25 offers between the two hotels. This kind of market exposure coupled with ...
Originally Constructed in 1927, Former New Orleans Public Service Headquarters Reopening as NOPSI Hotel
Building and Land Technology | June 15, 2017
NEW ORLEANS (June 15, 2017) – Nine decades after it was originally built to service the city's needs, the historic headquarters of the former New Orleans Public Service Inc. (NOPSI) will re-open its doors on July 6 as the new, luxury NOPSI Hotel, New Orleans – a Salamander Hotel. Located in the vibrant Central Business District, the nine-story brick building was originally constructed in 1927 by New Orleans' former utility company and transit operator. Listed on the National Register of Historic Places, NOPSI Hotel now features 217 refined guestrooms –including 76 suites – a lively and regionally inspired restaur...
AccorHotels Selects IDeaS to Deliver Advanced Revenue Strategy for Its Worldwide Hotel Network
AccorHotels | June 15, 2017
Tweet this: Hospitality news: @IDeaS_RevOpt now available for 4k+ AccorHotels properties to offer advanced #RevenueManagement http://ideas.com/about/news/ MINNEAPOLIS – JUNE 15, 2017 – AccorHotels Group and IDeaS Revenue Solutions have announced a partnership that will enable the AccorHotels Group's properties to rely on IDeaS' revenue optimization expertise. IDeaS, the leading provider of automated revenue management capabilities, is one of the most trusted hospitality technology solution providers in the world, working with more than 9,000 properties. With IDeaS, each AccorHotels property will be able to intelligently pric...
