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
HVS Releases the 2017 Hotel Cost Estimating Guide
Warren G Feldman | June 14, 2017
By Warren G Feldman, Scott P. Rosenberg , Christine Shanahan The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA. ...
Owned by TTN and Managed by Hotel Equities, New SpringHill Suites by Marriott Set to Open in Navarre, Florida
SpringHill Suites by Marriott | June 14, 2017
Navarre, FL – June 14, 2017 – Marriott International announced today that the SpringHill Suites by Marriott in Navarre, Florida is scheduled to open this Thursday, June 15, 2017. The 161-suite hotel, located at 8375 Gulf Boulevard, will operate as a Marriott franchise, owned by TTN, Inc. and managed by Hotel Equities of Atlanta, Georgia. Located on the pristine white beaches of the Gulf of Mexico, the SpringHill Suites Navarre Beach offers guests convenient access to the Navarre Beach Marine Science Station, the Navarre Beach Fishing Pier and the Gulf Breeze Zoo. Rates are seasonal. "As a brand opening a new hotel every 10 d...
Hospitality Technology Pioneers Recognized with Quinquennial HFTP Award of Merit
HITEC | June 14, 2017
AUSTIN, TEXAS, USA (June 13, 2017) — Hospitality Financial and Technology Professionals (HFTP®) is proud to announce the honorees Keith Gruen, Hiroo Ichii and Dr. Ravi Mehrota as the 2017 Hospitality Technology Award of Merit recipients. The three individuals, chosen for his/her unique contribution to hospitality technology, will be recognized at the Opening Keynote of the 45th Annual Hospitality Industry Technology Exposition and Conference (HITEC®) in Toronto, Ontario Canada this month. The Technology Award of Merit is given every five years at HITEC, and was presented in 2002, 2007 and 2012. HFTP created the Technology ...
Glacier House Hotels Installs Aptech’s PVNG Web-Based Enterprise Accounting
Glacier House Hotels | June 14, 2017
Glacier House Hotels Converts Easily from Profitvue to PVNG Enterprise Financial System Visit Aptech in Booth #1211 at HITEC in Toronto JUNE 26-29 at the Metro Toronto Convention Centre PITTSBURGH – June 14, 2017 – Aptech Computer Systems announced Glacier House Hotels completed conversion to the PVNG Enterprise Accounting hotel software system. Arizona-based Glacier House Hotels is a full service development and management company that currently operates six properties. PVNG is Aptech's next generation enterprise accounting hotel software solution that is deployed in the cloud. Aptech is the leading provider of hospitality ...
HFTP Announces Planning Underway for HITEC India, HITEC Asia, and 2018 Club Engagement Conference
HFTP | June 12, 2017
AUSTIN, TX -- Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), announced today they are laying the groundwork to further globally expand the HITEC brand by also producing HITEC India and HITEC Asia. These educational events, HITEC India and HITEC Asia will follow the tremendously successful HITEC brand that launched in North America in 1972. HFTP's North American version HITEC Toronto, the largest HITEC of 2017, will take place from June 26-29 at the Metro Toronto Convention Centre in Toronto, Ontario Canada. "Expanding HITEC to Indi...
Hospitality Financial Leadership – Why Doesn’t My Director of Finance Step Up?
David Lund | June 12, 2017
By David Lund Your DOF is a great accountant. They do a solid job running the accounting department and they are very efficient. Your monthly financials are timely and overall the accuracy is high. The internal audit reports are very strong and they manage the accounting staff and departmental communications well. What's the problem then? What you really want and what your business really needs is a DOF that's a "financial leader". The kind of DOF that's going to teach and lead the non-financial managers in your hotel. You want the DOF to be as effective with the forecasts and commentaries as they are with the day to day accounting. You...
Hotel Equities Set to Open 108-Room Fairfield Inn & Suites by Marriott in Palm Desert, California
Fairfield Inn & Suites | June 8, 2017
Palm Desert, CA – June 8, 2017 – The 108-room Fairfield Inn & Suites by Marriott in Palm Desert, California is scheduled to open this Friday, June 9, 2017 with its smart, inventive public space and guest room design, and its bright and inviting décor. Located at 74-764 Technology Drive, the Fairfield Inn & Suites Palm Desert will operate as a Marriott franchise, managed by Hotel Equities of Atlanta, Georgia. Located 14 miles from Palm Springs International Airport and 20 from downtown Palm Springs, the Fairfield Inn & Suites Palm Desert offers guests convenient access to Agua Caliente Casino, Empire Polo C...
Marriott International Plans to Double Its Luxury Brand Footprint in Asia with Addition of More Than 100 Hotels by 2021
Marriott International, Inc. | June 6, 2017
Marriott International today unveiled plans to double its luxury presence in Asia Pacific by adding more than 100 luxury hotels to its current footprint of 113 luxury properties. Announced at the International Luxury Travel Market (ILTM) conference in Shanghai, this represents over half of the company's global growth in this category. With the introduction of 11 new hotels to its luxury portfolio in Asia Pacific, 2017 is already on track to be a breakthrough year for Marriott International. China continues to contribute around half of the new hotels in the region with key cities such as Shanghai and Suzhou being flagged for new properti...
Sale of Sheraton Metairie – New Orleans Hotel Facilitated by The Plasencia Group
The Plasencia Group | June 6, 2017
Tampa, Fla. (June 6, 2017) – The Plasencia Group is pleased to announce the sale of the Sheraton Hotel located in the New Orleans suburb of Metairie. The firm represented a joint venture of Songy Highroads, JDC Holdings and Aimbridge Hospitality in the sale of the 181-room hotel to Hotel Capital, LLC, a private equity real estate investment firm. Hotel Capital LLC's Chief Executive Officer, Michael Collier, commented on the transaction, "We are very excited to invest in New Orleans which continues to positively transform into more of an international and institutional marketplace for commercial real estate owners while the annual...
Hospitality Financial Leadership – The Russians
David Lund | June 6, 2017
By David Lund When heads of state come to visit your hotel they usually make a bit of a show. The Russians are no exception, they even bring their own warship, the KGB and a wad of cash! I had the pleasure of witnessing the Russian President Dmitriy Medvedev arrival in San Francisco in June of 2010. He flew in the presidential plane, meanwhile his missile cruiser Varyag sailed into San Francisco Bay to accompany his visit. Heads of state often have a ship accompany them on their state visits. The first and previous last time a Russian warship entered San Francisco Bay it was almost 150 years earlier during the American Civil War. The Ru...
StayNTouch, SHR, and Rainmaker Announce Webinar to Optimize Connectivity between Hotel PMS/CRS/RO
StayNTouch | June 6, 2017
June 14th Webinar "Get the Balance Right: Mastering the PMS/CRS/RO Connection in a Changing Economy" offers a guide to maximizing the use and integration of key hotel systems June 6, 2017 – Bethesda – With HITEC quickly approaching, it's time to focus on your hotel's unique areas of opportunity. Join StayNTouch, SHR, and Rainmaker for a special LIVE event on Wed, June 14th at 1pm EDT/10am PDT, dedicated to de-mystifying and optimizing the PMS, CRS, and Revenue Optimization (RO) relationship to your best advantage. Click here to register for the "Get the Balance Right: Mastering the PMS/CRS/RO Connection in a Changing Econom...
Mandarin Oriental Weighing Sale of Hong Kong’s Excelsior Hotel
Avison Young | June 6, 2017
June 06--Mandarin Oriental International announced yesterday that it plans to test market interest in the possible sale of The Excelsior hotel in Hong Kong. The company said the move is part of a review it is undertaking of its long-term strategic options with The Excelsior, which is the group's only property that is not branded as Mandarin Oriental, "in the light of the current strong commercial property valuations in Hong Kong". The company has obtained approval for the development of a commercial building with a gross floor area of some 63,500 sq m on the site of The Excelsior, a prime commercial waterfront site in the ...
You’re Invited to Rethink Your Hotel Technology with ALICE & Duetto
ALICE | June 5, 2017
Join ALICE and Duetto for a pre-HITEC conversation about rethinking your hotel technology. Hotels have invested in numerous technology systems to keep up with all the ways consumers can interact with them in the digital space, but are they set up to win in the future? Between a complex landscape of legacy technology, the abundance of analog operational processes, and a crowded field of providers trying to innovate in the hospitality space, many hotels have arrived at an expensive, inefficient tech stack. But advancements in cloud architecture and mobile technology represent an opportunity to migrate data and systems to an environment th...
Asia Pacific Construction Pipeline Excluding China Remains Steady With Projects Up 1% YOY
Lodging Econometrics | June 5, 2017
June 7, 2017 – PORTSMOUTH, NH – The most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,561 Projects/314,716 Rooms, up 1% by projects Year-Over-Year (YOY) according to analysts at Lodging Econometrics (LE). There are 834 Projects/172,518 Rooms Under Construction, down 2% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 308 Projects/66,676 Rooms, up 11%, while projects in Early Planning at 419 Projects/75,522 Rooms up by 2 projects. The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, are: Marrio...
HFTP Announces Keynote Speakers and Opening Party for HITEC Toronto
HITEC | June 1, 2017
World's largest hospitality technology exposition and conference adds four recognized innovators to education program Hospitality Financial and Technology Professionals (HFTP®), producer of the Hospitality Industry Technology Exposition and Conference (HITEC®), has added four keynote speakers to this year's education program: Dave Berkus, super angel, author and entrepreneur; Alex Tapscott, CEO at Northwest Passage Ventures; Kevin Rosen, Esq. CIPP/US, partner at Shutts & Bowen, LLP; and Robert Villanueva, executive vice president at Q6 Cyber. Opening Keynote and Party. On Monday, June 26, 2017, Dave Berkus will take the ...
The Historic Minneapolis Marquette Hotel to Complete $25 Million Renovation and Join Curio Collection Late June 2017
Marquette Hotel, Curio Collection by HiltonTM | June 1, 2017
MINNEAPOLIS – (June 1, 2017) – The Marquette Hotel, is thrilled to announce the $25 million transformation and conversion to Curio Collection by HiltonTM, a global portfolio of remarkable hotels handpicked for their unique character and personality, appealing to curious travelers seeking authentic experiences. With this conversion, The Marquette Hotel will mark Curio Collection's first hotel in Minnesota. Hotel renovations are set to be complete end of May with transition to Curio Collection late June 2017. Located in the heart of downtown Minneapolis at 710 Marquette Avenue, the hotel's redesign and conversion will be focus...
Conrad Hotels & Resorts Welcomes Guests to 309-Room Conrad Guangzhou in Greater China
Conrad Hotels & Resorts | May 30, 2017
GUANGZHOU, CHINA and MCLEAN, VA (May 30, 2017) – Conrad Hotels & Resorts, Hilton's (NYSE: HLT) smart luxury hotel brand, is delighted to welcome guests to the new Conrad Guangzhou, the seventh Conrad property to debut in Greater China. Created as a stylish urban oasis in the heart of CBD Zhujiang New Town, Conrad Guangzhou boasts panoramic river views from its rooms and restaurants while offering intuitive amenities and flawless service. The hotel is ideal for leisure and business travelers alike who want to explore, do business and stay inspired. "We are thrilled to introduce smart luxury to the Guangdong Province. As the...
Owned and Managed by LODGCO Hospitality, Home2 Suites by Hilton Opens in Nokomis, Florida
Home2 Suites by Hilton | May 30, 2017
NOKOMIS, Fla. and MCLEAN, Va. - May 30, 2017 - Home2 Suites by Hilton, part of Hilton's (NYSE: HLT) All Suites portfolio, announced today its newest property, Home2 Suites by Hilton Nokomis. Designed for travelers who want to maintain their normal routine, the hotel features 100 suites and a range of value, tech-focused and eco-conscious amenities. Located near Casey Key and the city of Venice, Fla., Home2 Suites by Hilton Nokomis gives travelers a fresh, new experience for those visiting the Gulf Coast beaches. "With Tampa and Sarasota to the north and Venice and Naples to the South, Nokomis is the perfect destination for tra...
U.S. Hotel Supply Forecast for 2017 Shows 22 Percent Increase Over Total Number of Openings Last Year
Lodging Econometrics | May 25, 2017
May 25, 2017 – PORTSMOUTH, NH – In Q117, there were 513 Projects/57,127 Rooms newly announced into the Hotel Construction Pipeline according to analysts at Lodging Econometrics (LE). 212 Hotels/24,122 Rooms opened in the U.S. in the first quarter. The majority of these opens, 93 Hotels/10,018 Rooms, were in Suburban locations. Almost half of the opens, 100 Hotels/12,856 Rooms were hotel properties with between 100-200 rooms. 79 of these hotels and 10,544 of the rooms, or 37%, were in a top 25 market. For the remainder of the year, LE forecasts another 868 Projects/97,386 rooms to open for a Total of 1,080 Hotels/121,508 Room...
The Rainmaker Group Solves Revenue Management Challenges to Bolster Growth at Westgate Las Vegas
Rainmaker | May 25, 2017
Leading provider of revenue management and intelligence solutions for the gaming and hospitality industry brings total profit optimization to prominent resort and casino property ALPHARETTA, GA – May 25, 2017 – The Rainmaker Group (Rainmaker) has successfully deployed its comprehensive suite of revenue management and business intelligence solutions at Westgate Las Vegas Resort & Casino (Westgate Las Vegas), a popular casino resort that is celebrated for its variety of suites, onsite amenities, customer service and prime location adjacent to the Las Vegas Convention Center. In late 2016, the Westgate Las Vegas team deploy...
HFTP Annual Convention 2017 Online Registration Now Open
HFTP | May 24, 2017
HFTP's 2017 Annual Convention is October 25-27 at the Omni Orlando Resort at Championsgate in Orlando, Florida USA Hospitality Financial and Technology Professionals (HFTP®) has opened online registration for its Annual Convention, which it has produced since 1952. This year's event will offer a variety of educational session lengths, enhanced networking and vendor opportunities as HFTP celebrates its 65th year as an association. Annual Convention will take place from October 25-27, 2017 at the Omni Orlando Resort at Championsgate in Orlando, Florida USA. HFTP Annual Convention full registration attendees will have access to thr...
EB-5 Funding for New Development: JMBM Has Closed More Than $1.5 Billion of EB-5 Financing
Jim Butler | May 23, 2017
By Jim Butler and the Global Hospitality Group® As of January 31, 2017, JMBM's team has closed more than $1.5 billion of EB-5 financing and sourced more than half of that for our clients! EB-5 is a proven means of financing development projects. EB-5 financing is an important and viable source of construction financing for hotels, hotel enhanced mixed-use, and other development projects. Seven or eight years ago, when JMBM started helping hotel developers with EB-5 financing, many worried about whether this is a legitimate and reliable financing source. Now, after billions of dollars of development have been funded with EB-5, this t...
Upper Midscale Category Leads Construction Pipeline with 2,067 Projects/205,662 Rooms Followed by Upscale with 1,246 Projects/161,229 Rooms
Lodging Econometrics | May 23, 2017
May 23, 2017 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that the Upper Midscale category is currently at 2,067 Projects/205,662 Rooms, and has the largest project count of any chain scale in the Total Pipeline. The second largest is Upscale, which currently has 1,246 Projects/161,229 Rooms. Together, the Upper Midscale and Upscale Pipelines comprise 66% of all projects in the Total Pipeline. The brands with the largest number of projects in the Upper Midscale pipeline are; IHG's Holiday Inn Express with 412 Projects/38,160 Rooms, Hilton's Home2 Suites 344 Projects/36,074 Rooms and Marriott's Fairfield Inn w...
Hospitality Financial Leadership – Share the Financials in Your Hotel or NOT
David Lund | May 22, 2017
By David Lund In your hotel, you either share the financials with you leaders, the department managers or you don't. If you already share the financial statements, you know the power it unleashes with your team and the result it helps to create. If you don't share you're wondering what the management team will think about the money and how much goes to you and the owner. You naively think no one needs to know about the finances in your hotel. You think it's none of their business. You're also pretty sure the team will judge you and your results. You're probably thinking the money is top secret and on a need to know basis. Or maybe y...
