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 Development Trends and Opportunities South America
Cristiano Vasques | March 31, 2017
By Cristiano Vasques , Pedro Cypriano , Fernanda L'Hopital Introduction It is our great pleasure to present the third edition of the Trends and Opportunities South America, an annual publication by HVS/Hotel Invest (in partnership with STR) that illustrates and analyzes the sector's performance in some of the major markets in the region. Every year we provide recent and reliable information in addition to telling you about the challenges and opportunities in South America's main hotel markets. We are convinced that an informed and transparent market is more solid and professional. Having said this, we believe that this publication w...
Spirides Arranges $7.5 Million Hotel Construction Loan for New Florence, SC Hilton
Spirides Hospitality Finance Company | March 31, 2017
TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged and its client has closed on a $7.5 million senior loan facility from a southeast U.S. headquartered bank to finance the development of a new Hilton Tru Hotel in Florence, SC. The terms of the financing are as follows: The first 18 months during construction will have mortgage payments which are interest only, priced at the prime interest rate plus .50% (currently 4.50%) per annum, adjusted quarterly. Upon completion of construction, the loan payments will convert to a 25 year fully amortizing principal and interest monthly loan payment schedule. The interest rate of t...
Hilton Appoints Sumindi Peiris Vice President of Global Marketing, Luxury & Lifestyle Brands
Hilton | March 30, 2017
International senior executive tapped to lead brand campaigns for Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts and Canopy by Hilton MCLEAN, Va. – March 30, 2017 – Hilton (NYSE: HLT) today announced Sumindi Peiris as Vice President of Global Marketing, Luxury & Lifestyle Brands. A senior marketing professional, Peiris brings more than 20 years of international experience to the role, where she will lead all luxury marketing, digital and public relations initiatives as well as oversee the strategic development of global positioning for Waldorf Astoria Hotels & Resorts, Conrad Hotels & Resorts a...
Hawkeye Hotels Breaks Ground on Three New Midwest Hotel Projects
Hawkeye Hotels | March 30, 2017
CORALVILLE, IA – Today, one of the fastest growing privately held development firms in the country, Hawkeye Hotels, announced it has broken ground on three new properties in the last two weeks. "These three properties help drive the spring phase of our 2017 growth strategy," said Ravi Patel, President of Hawkeye Hotels. "Each of these properties is located in high-demand markets that we expect to continue to flourish in coming years. We look forward to more opportunities to serve the states of Iowa, Minnesota and Ohio." The properties include: a Fairfield Inn & Suites (Grove City, OH), a Holiday Inn Express (Marshalltown, IA) ...
Excellence Group Breaks Ground on $110 Million Excellence Oyster Bay Luxury Hotel Project in Montego Bay, Jamaica
Excellence Group Luxury Hotels & Resorts | March 30, 2017
MONTEGO BAY, Jamaica, March 30, 2017 -- Excellence Group Luxury Hotels and Resorts, the hospitality leaders who recently announced plans for an all-inclusive luxury resort in Montego Bay, Jamaica, officially broke ground today in conjunction with Jamaica's highest esteemed leaders in tourism and government. Alongside The Honourable Prime Minister Andrew Holmes, the Ministry of Tourism, The Honourable Edmund Bartlett, The Honourable Daryl Vaz from the Office of the Prime Minister, and The Honourable Karl Samuda from the Ministry of Industry and Commerce, Excellence Group revealed additional details of the highly anticipated, $110 mil...
The Rainmaker Group to Present Total Revenue Management Approach for Casino Hotels at INFORMS 2017
Rainmaker | March 29, 2017
Market leader in revenue and profit optimization for the gaming and hospitality industry to share how casinos can maximize share of wallet by focusing on total customer value ALPHARETTA, GA – March 29, 2017 – The Rainmaker Group, (Rainmaker) the market leader in profit optimization solutions for the gaming and hospitality industry, is set to present a step-by-step approach to total revenue optimization for casino and gaming properties at the INFORMS 2017 Business Analytics Conference, being held at Caesars Palace in Las Vegas, April 2-4. The informative session, entitled "Vegas Predicts: How the Prophets of Gaming Called the...
Duetto Announces Michael Schäffner as Head of its New Office Germany
Duetto | March 29, 2017
Schäffner to Lead Duetto's Push into the Heart of Europe as the Company's European Growth Accelerates London, March 29, 2017 — Duetto, the market leader in hotel profit optimization technology, announced today that it has appointed to Michael Schäffner to head sales and service in the "DACH" region of German-speaking countries of Europe: Germany, Austria, and Switzerland. Schäffner is based in Munich and can be reached at Schaeffner@duettoresearch.com. The announcement comes as Duetto further accelerates it growth throughout Europe, where its cloud-based Revenue Strategy solutions are already in place at more than 7...
Global Construction Pipeline Shows Steady Increase with Projects Up by 6 Percent YOY for 2016
Lodging Econometrics | March 28, 2017
March 28, 2017 – PORTSMOUTH, NH – The Lodging Econometrics (LE) Global Construction Pipeline Trend Report stated that the Total Pipeline ended 2016 with 11,776 Projects/1,962,676 Rooms, up 6% by projects Year-Over-Year (YOY). There were 5,504 Projects/1,012,987 Rooms Under Construction, up 4% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months, at 3,675 Projects/516,709 Rooms, were up a strong 21% while projects in Early Planning at 2,597 Projects/432,980 Rooms were down 7% by projects. The leading franchise companies in the Global Construction Pipeline by project-count are: Marriott International...
Hospitality Financial Leadership – How Can We Create It Every Day in Our Hotel?
David Lund | March 28, 2017
By David Lund "Leadership is the art of giving people a platform for spreading ideas that work." -Seth Godin I think leadership is about two things that are continuously and endlessly evolving: communication and the development of people including you. Financial leadership is also about the same two processes. If you're the leader of a nation, an army or a company, you need people to understand you and you need to understand them. Your constituents must be able to hear your message clearly and your message needs to resonate with them to allow them to follow you and do great things. Being compassionate, listening to the need...
Jonathan Witter Joins Hilton as Chief Customer Officer
Hilton | March 27, 2017
MCLEAN, Va. - Hilton (NYSE:HLT) has named Jonathan (Jon) Witter as Chief Customer Officer. In this newly created role, he will oversee the Global Brands, Marketing, Loyalty & Partnerships, IT and Strategy teams. Witter has extensive background in these functional areas, most recently serving as President of Retail and Direct Banking at Capital One Financial Corporation. He will report to Christopher J. Nassetta, president and CEO of Hilton, and serve as a member of the executive committee. "Jon has built an incredibly strong reputation throughout his career for constantly driving innovation, being a deeply strategic thinker and...
Hotel Equities Selected by Quyp Hospitality to Operate Two New Marriott Hotels in Phoenix
Hotel Equities | March 27, 2017
Properties include: 130-Room SpringHill Suites Avondale and 120-Room Fairfield Inn & Suites Tolleson Atlanta, GA–March 27, 2017– Atlanta-based Hotel Equities recently announced its selection as the management firm for the 130-room new build SpringHill Suites by Marriott in Avondale and the 120-room Fairfield Inn & Suites in Tolleson, both in metropolitan Phoenix, Arizona. In a vibrant area that also includes high-end residential and upscale retail outlets and dining, the Avondale site enjoys a central location to all the area's desirable amenities. The hotel in Tolleson, located off Interstate 10, will sit in a mixe...
Wyndham and Zeus International Enter Strategic Development Partnership for 20 New Hotels
Wyndham Hotel Group | March 27, 2017
ATHENS, Greece, 27 March 2017 – Wyndham Hotel Group, the hotel giant with an unmatched global presence of more than 8,000 hotels, and Zeus International, a Greek hotel management and consulting company with international presence, today announced plans to build upon their existing partnership with a new strategic development agreement. Through this new agreement, the two companies will collaborate in developing 20 hotels (conversions or new construction) over the next 10 years in Greece, Cyprus, Bulgaria and Romania. Wyndham Hotel Group and Zeus International initially partnered on development of Wyndham Grand Athens, which opened...
Asia Pacific Pipeline Continues Moderate Decline with Projects Down 2 Percent YOY
Lodging Econometrics | March 27, 2017
March 27, 2017 – PORTSMOUTH, NH – According to analysts at Lodging Econometrics (LE), the most recent Asia Pacific Construction Pipeline Trend Report, excluding China, states that the Total Pipeline has 1,554 Projects/312,766 Rooms, down 2% by projects Year-Over-Year (YOY). There are 844 Projects/174,302 Rooms Under Construction, up 3% by projects YOY. Projects Scheduled to Start Construction in the Next 12 Months are at 325 Projects/68,923 Rooms, up a strong 27%, while projects in Early Planning at 385 Projects/69,541 Rooms are down by 18%. The top hotel companies in the Asia Pacific Construction Pipeline, excluding China, ...
Hotel Lawyer: What’s Happening with EB-5 Financing for New Development Projects? Is it Still Available?
Jim Butler | March 27, 2017
By Jim Butler and the Global Hospitality Group® 27 March 2017 Unless Congress acts in time, a critical part of EB-5 financing will lapse on April 28, 2017 The Regional Center program was enacted in 1992 as a "pilot project." Since then, it has been renewed or extended many times by Congress, with the current extension due to sunset April 28, 2017. Combined with some negative comments by a few foes of the program, some have begun to wonder out loud if the end of EB-5 financing is near. And, if Congress does not act soon, it would have a serious impact on the program. Important people, is an important part. What will likely happen if ...
HFTP Launches New Multi-Event Mobile App for Expanding HITEC Brand
HITEC | March 23, 2017
Download the new HITEC App in the Apple and Google Play stores today by searching for "HITEC 2017" AUSTIN, TEXAS (March 23, 2017) – Gearing up for its first Hospitality Industry Technology Exposition and Conference (HITEC®) of 2017, Hospitality Financial and Technology Professionals (HFTP®) is excited to announce the launch of its new HITEC 2017 multi-event mobile app – an additional benefit to tailor individual experiences for HITEC attendees. Available for download from the iTunes Apple Store and Google Play, the app will serve as a comprehensive guide for information on education sessions and exhibits wh...
Paramount Lodging Advisors Welcomes Managing Directors Andy Wardner and Brian Guernier
Paramount Lodging Advisors | March 22, 2017
Paramount Lodging Advisors (PLA) is delighted to announce Andy Wardner and Brian Guernier as PLA's newest Team Members. Andy Wardner is the Managing Director of the new PLA office in Atlanta. Prior to joining PLA, Andy was a Vice President with Starwood Capital Group where he oversaw the full investment cycle and asset management responsibilities of SCG's portfolio of North American full-service hotels. Over his 15 year career with SCG, Andy was involved in the successful acquisition and disposition of over $3 billion in real estate transactions and over $1 billion in debt placement or refinancing. Brian Guernier is the Managing Directo...
HFTP’s HITEC Amsterdam High Pre-Registration Count Illustrates Hospitality Vitality – Stakeholders’ Support for the Industry
HITEC | March 22, 2017
With the 600+ pre-registered attendees for next week's inaugural HITEC Amsterdam, Hospitality Financial and Technology Professionals (HFTP®) is interpreting the strong interest as a sign of vitality for the hospitality industry and its stakeholders. In 2017, HFTP expanded its stakes in its 45-year Hospitality Industry Technology Exposition and Conference (HITEC®), by adding two boutique events in hospitality-strong regions to complement the larger, North American HITEC that runs annually in June. The first of three HITECs in 2017 is HITEC Amsterdam, March 28-30 at the RAI Amsterdam Convention Centre, with pre-registration al...
Irvine Company Resort Properties Achieves YOY Revenue Growth with Portfolio-Wide Implementation of Revenue Management Solutions by The Rainmaker G
Rainmaker | March 22, 2017
Prestigious independent hotel group bolsters both revenue management results and processes with solutions from industry leader in total profit optimization ALPHARETTA, GA – March 22, 2017 – Irvine Company Resort Properties, the hospitality division of real estate development company, The Irvine Company, has successfully implemented advanced revenue management solutions from The Rainmaker Group (Rainmaker) across its portfolio of luxury hotels and resorts in southern California. The internationally renowned real estate development company has deployed Rainmaker's guestrev® and grouprev® solutions to optimize both tran...
Avison Young Hospitality Group Spotlights Victor Kalyanji and Wendy Blissett
Avison Young | March 20, 2017
Avison Young Hospitality Group is pleased to highlight Victor Kalyanji and Wendy Blissett, who are located in the Avison Young Atlanta office. Kalyanji, a senior hospitality broker in the capital markets group, has more than a decade of experience in hotel ownership, development and management. In his current role, he is focused on single asset and portfolio sales. Prior to joining the hospitality group, he owned and operated independent and franchised hotels in, Alabama, Georgia, Illinois and Ohio. He is a graduate of the University of Cincinnati and a member of the Asian American Hotel Owner's Association (AAHOA). Originally from Ohio...
F TAR W – The Secret Recipe for Creating Financial Leadership in Your Hotel
David Lund | March 14, 2017
To get your non-financial managers to play ball with their numbers in your hotel you need a system that they can follow, a sort of road map they can use to stay on track every month. Teach them this and you will have an engaged team that buys into playing their financial part. F TAR W is a step by step process you can teach your leaders to follow. I have clients who use a white board or a scoring sheet and they display the monthly results. How? They list the leaders who have P&L responsibility down the left-hand side of the sheet and across the top they have 5 columns; Forecast, Track, Adjust, Review and Write. One client even calls...
Aptech Computer Systems Launches New Service-Focused Website
Aptech Computer Systems, Inc. | March 14, 2017
Site Personalizes Client Relationships; Spotlights People, Services, and Hotel Software Solutions PITTSBURGH – March 14, 2017 – Aptech Computer Systems is the leading provider of hotel software for business intelligence, budgeting, and enterprise financial accounting. It is a family business that was started over 45 years ago. "We have a personal commitment to our clients and the hospitality industry." "We have a personal commitment to our clients and the industry to represent the best solutions and provide the most exceptional customer service available," said Jill Wilder, Aptech vice president. New Website Offers a Perso...
Duetto to Provide Revenue Strategy Solutions for Mexico’s Brisas Group
Duetto | March 14, 2017
Luxury Resort and Downtown Hotels Embrace Game-Changing Revenue Strategy Solutions to Spur Efficiencies, Growth San Francisco, March 14, 2017 — Duetto, the market leader in hotel profit optimization technology, announced today that it will implement its cloud-based Revenue Strategy application, GameChanger, for Brisas Group, a fast-growing owner of luxury properties in key markets in Mexico. Duetto's GameChanger solution is already in place at the company's 274-room NIZUC Resort and Spa, Cancun, and the 434-room Galeria Plaza Reforma, Mexico City. "We are very happy to announce this partnership with Brisas Group, a forward-looking...
IHG® Appoints Rajit Sukumaran as Chief Development Officer in AMEA
IHG | March 9, 2017
New Delhi, 09 March, 2017: InterContinental Hotels Group (IHG®) today announces the appointment of Rajit Sukumaran to the role of Chief Development Officer in the Asia, Middle East and Africa (AMEA) region. IHG has an established reputation as a valued partner for successful hotel owners and investors globally and currently operates across nearly 40 countries and territories in AMEA. In his new role, Rajit will head the Development team and lead the Group's growth strategy. Rajit brings more than 12 years' experience in Development, Acquisitions, and Feasibility from his previous role as Senior Vice President, Acquisitions & Dev...
HFTP Announces HITEC Dubai, Extension of World’s Largest Hospitality Technology Event
HITEC | March 9, 2017
Save the date for November 14–15, 2017 AUSTIN, TEXAS (March 9, 2017) — Building on the expertise of planning and producing the world's largest hospitality technology show, Hospitality Financial and Technology Professionals (HFTP&rreg;), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), will host its inaugural HITEC Dubai from November 14–15, 2017 at the Conrad Dubai in Dubai, UAE – the center of the fast-developing markets of Asia and The Middle East. Produced in partnership with Naseba, HFTP's HITEC Dubai will serve as the association's third, and final, HITEC of 20...
