Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
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Brandt Hospitality Group Getting Great Results From Accounting Software Partner
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Finance & Development
Puzzle Partner Signs Hotel Technology Innovator hospitalityPulse™ as New Client
Puzzle Partner | February 15, 2017
Marketing agency focused exclusively on complex B2B initiatives for the travel and hospitality technology industry continues to expand roster of top-tier clients and strategic partnerships TORONTO, ON (February 15, 2017) – Leading B2B travel and hospitality technology marketing agency Puzzle Partner announced today that it has been named agency of record (AOR) for hospitalityPulse, the innovative hotel technology company based in Santa Cruz, California. Puzzle Partner will support hospitalityPulse through strategic and tactical marketing initiatives, including messaging, communications, public relations, and content development. A...
nSight for IDeaS™ Helps Hoteliers Drive More Profitable Bookings by Tapping Forward-Looking Travel Intent Data
nSight | February 15, 2017
First-to-market revenue management solution provides exclusive access to travel intelligence and online demand data to give hoteliers an unseen competitive advantage MINNEAPOLIS – February 15, 2017 – When it comes to forecasting hotel booking behaviors in order to maximize revenue strategy, more data is better than less. That's why IDeaS Revenue Solutions and nSight Travel Intelligence have teamed up to offer hoteliers a new experience in revenue management that allows managers to "futurecast" inventory demand based on a rich set of data points never before available on a single technology platform. With access to both nSig...
The Old 80/20 Rule – OTA’s – And How a Corporate Sales Manager Can Save Your Hotel 100K
David Lund | February 14, 2017
By David Lund I had a wonderful discussion with a hotel sales manager last week about a new hotel reservation platform that does not include any stops at an on-line travel agent, OTA. The sales manager explained to me that her mid-sized hotel did a couple of million dollars in corporate IT sales and that represented just over 12,000 room nights. She went on to explain that the room nights were generated by close to 100 corporate contracted companies. These companies ranged in volume from a dozen room nights per year to the top of the list where a handful of companies were in the 1000 room nights per year category. The 80/20 rule is also...
Avison Young Hospitality Group Announces Recruiting Initiative
Avison Young | February 13, 2017
Firm looking to add talent in the United States and Canada February 13, 2017 ATLANTA – Avison Young, the world's fastest-growing commercial real estate services firm, announced today that its newly formed hospitality group is planning rapid expansion in the United States and Canada. The Hospitality Group, currently comprised of 21 US brokers, has 190 hotels on the market, totaling $3 billion. Since Avison Young announced the purchase of Atlanta-based Hotel Assets Group (Hotel AG) last month, the group has added new brokers in Washington D.C. and expects to add several experienced brokers throughout the United States in the immedia...
HFTP is Now Accepting Applications for Entrepreneur 20X at HITEC Toronto
HFTP | February 9, 2017
HFTP is bringing back its cut-throat pitch competition for technology startups to the world's largest hospitality technology event Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is now accepting applications to participate in the successful Entrepreneur 20X (E20X) event at HITEC Toronto. Hospitality technology startups who would like to apply for the exciting opportunity can do so by visiting the event website – past applicants and winners are welcome to come back as long as they are considered Series A or a startup. The competiti...
Duetto to Provide Revenue Strategy Solutions for easyHotel
Duetto | February 8, 2017
Game-Changing Price Optimization and Revenue Intelligence Capabilities for 24 Hotels Encompassing Close to 2,500 Rooms in Markets across Europe London and New York, February 8, 2017 – Duetto, the market leader in hotel profit optimization technology, announced today that it will implement its cloud-based revenue strategy solutions, GameChanger and Scoreboard, for easyHotel plc (AIM:EZH), the owner, developer, operator and franchisor of "super budget" branded hotels in European gateway markets. The agreement comes as easyHotel expands its portfolio of company owned and franchised properties quickly across Europe. "We are ...
Begin With the End in Mind – Creating a Finically Engaged Leadership Team in Your Hotel
David Lund | February 8, 2017
By David Lund Creating a finically engaged leadership team in your hotel is no different than creating a strong guest service culture or a team that has colleague and leader engagement as their mission. What you attend to grows, it's that simple. What's different with the finances is you and your focus. The picture you want to create needs to be clear and you need to have a plan to follow and resources to employ to create financial leadership. It's no different than guest service or colleague engagement. We would not expect these two disciples to grow and prosper in our hotel on their own, no, we recognize that these require constant at...
Lightstone Installs Aptech’s Execuvue® Business Intelligence
Lightstone | February 8, 2017
Developer with $2B portfolio in 26 states analyzes performance data, delivers reports to investors and management. PITTSBURGH – February 8, 2017 – Aptech Computer Systems announced that Lightstone, a national real estate investor/developer, installed Aptech's Execuvue Business Intelligence System. Lightstone broad hospitality portfolio operates more than 3,800 keys in 7 states. Its current portfolio emphasizes select services hotels, branded by Marriott, Hilton, IHG, and Starwood. Aptech is the leading provider of hotel software for business intelligence, budgeting, and enterprise financial accounting. Click here for more o...
Avison Young Hospitality Group Announces Hilton Garden Inn Sale
Avison Young | February 8, 2017
Michael Bernath Andrew Broad ATLANTA – February 8, 2017 – Avison Young's newly formed hospitality group announced today that it advised on the sale of a Hilton Garden Inn in the Midwest region of the United States. The seller was an institutional hospitality platform based in the Southeast and the buyer was a West Coast-based family office. Michael Bernath and Andrew Broad, senior hospitality brokers, represented Avison Young in the transaction. "The sale of Hilton Garden Inn represents a general flight to quality that we are seeing in today's transaction market," said Bernath. "The seller was able to realize a strong retu...
Puerto Rico’s Landmark El San Juan Hotel Reopens Following $60 Million Renovation; Joins Curio – A Collection by Hilton
IMPRINT Hospitality | February 7, 2017
SAN JUAN, Puerto Rico and MCLEAN, Va. - El San Juan Hotel, a landmark luxury, lifestyle and entertainment property in Puerto Rico, has joined Curio - A Collection by Hilton. As Hilton's (NYSE: HLT) rapidly-expanding global collection of distinctive upper upscale hotels, Curio caters to passionate travelers seeking local discovery and authentic experiences. Asset managed by LEÓN, MAYER & Co., who is also a co-owner of the hotel, and co-managed by IMPRINT Hospitality and Aimbridge Hospitality, the 388 guest room hotel marks the first property in Puerto Rico for Curio - A Collection by Hilton. "With the reopening today ...
HITEC Toronto Online Registration and Housing Bureau Open Now
HFTP | February 6, 2017
HFTP's HITEC Toronto is June 26–29, 2017 at the Metro Toronto Convention Centre in Toronto, Ontario Canada Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition & Conference (HITEC®), has announced that attendee registration for its HITEC Toronto is now available online. Also available on the HITEC Toronto website is information on travel and hotel reservations. HITEC is the world's largest hospitality technology exposition and conference, and this year will be HFTP's 45th anniversary since it produced its first HITEC event in 1972. HITEC Toronto is...
IHG® Notifies Guests of Payment Card Incident at 12 Properties in the Americas
IHG | February 6, 2017
ATLANTA, Feb. 6, 2017 -- IHG® values the relationship it has with its guests and understands the importance of protecting payment card data. On Dec. 28, 2016, IHG reported it was conducting an investigation after receiving a report of unauthorized charges occurring on some payment cards that were used at a small number of U.S. hotel properties. IHG hired leading cyber security firms to examine the payment card processing systems for the hotels that it manages in the Americas region. Based on the investigation, IHG is providing notification to guests who used their payment card at restaurants and bars of 12 company managed properties...
Peachtree Hotel Group Acquires Five Hotels and Signs Five Development Projects with $155 Million Investment
Peachtree Hotel Group | January 30, 2017
ATLANTA, Ga., January 30, 2017—Officials of Peachtree Hotel Group (PHG), one of the nation's fastest growing hotel investment and management platforms, today announced it made five hotel acquisitions and undertook five development projects totaling approximately $155 million during the second half of 2016, increasing to its growing portfolio of select- and limited-service hotels nationwide by approximately 1,250 rooms. "While most indicators suggest we are near the peak of the current hospitality cycle, we firmly believe there remain a number of prudent and profitable investment opportunities that provide compelling value," said B...
InterContinental Hotels Group Appoints Sudeep Jain as Vice President, Development, South West Asia
January 27, 2017
New Delhi, 27 January, 2017: InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has appointed Sudeep Jain as Vice President, Development, South West Asia. His immediate remit will be to further strengthen IHG's presence in the region encompassing India, Sri Lanka, Nepal and Bangladesh. IHG currently has 29 hotels open in South West Asia with a further 43 in the development pipeline. Sudeep brings more than 15 years' experience in the hospitality sector from roles based in the US and India, working across brand management, asset management, strategy, planning and real estate development. His most recent...
The Third Pillar – the Financial Pillar and What You Can Do to Make It an Equal
David Lund | January 26, 2017
By David Lund In the hotel business, we have three pillars, the guests, the colleagues and the money. They're not equal. They're not equal because we ignore the third pillar and we do so at our own peril and out of ignorance to what we can do to manage this cagey and slippery bugger. There is a fundamental disconnect in our industry, and it's high time it changed. It's 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 old's without a clue what to do. If you're one of those it's time to move and get some financial leadership game on. Th...
Bandstand Square Developments Ltd. and Hilton Reveal Plans for New Build Hilton Woking
Hilton Hotels & Resorts | January 25, 2017
New high-rise hotel will feature 196 guest rooms, including 12 suites, and is due to open in early 2021 WOKING, UK and MCLEAN, Va. - Hilton (NYSE:HLT) today announced plans to introduce its flagship Hilton Hotels & Resorts brand to the affluent Surrey town of Woking, with the signing of a management agreement with Bandstand Square Developments Limited (BSDL). The new high-rise hotel will feature 196 guest rooms, including 12 suites, and is due to open in early 2021. "Hilton Woking joins Hilton's impressive portfolio of more than 160 trading and pipeline hotels in the UK and Ireland," said Patrick Fitzgibbon, senior vic...
Pebblebrook Hotel Trust Reveals the 5th Annual Pebby Award Nominations – Recognizing the Year’s Best Hotels
Pebblebrook Hotel Trust | January 24, 2017
HOLLYWOOD, Calif.)-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced the nominations for its Fifth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2016, as determined by the Company. Sofitel Philadelphia earned five Pebby nominations this year, followed closely by The Westin San Diego Gaslamp Quarter with four nominations. Both hotels are up for the Company's top hotel honors of Best Picture, establishing the selection of this year's winners as one of the most highly anticipated award ceremonies of the season. "2016 marked one of the most competitive nomination p...
HFTP’s Hospitality Financial Comparison Database, GHACP, Seeks Additional Global Participants
HFTP | January 24, 2017
HFTP continues development of world's first global hospitality industry financial comparison database The Global Hospitality Accounting Common Practices (GHACP) is a valuable tool that provides users a way to compare global hospitality accounting practices from five different countries, plus the Uniform System of Accounts for the Lodging Industry (USALI), 10th and 11th editions. Developed by Hospitality Financial and Technology Professionals (HFTP®) and released in Fall 2014, the association continues to build this important resource and is now reaching out for input to expand the database. To further provide the useful data found i...
Skilled Construction Worker Shortage Hits U.S. Commercial Real Estate
JLL Real Views | January 24, 2017
U.S. skylines and suburbs are packed with construction cranes, but a serious shortage of skilled trade workers is creating a challenge for contractors and owners alike. Commercial construction and development is at near-record levels across the United States, thanks to a strengthened economy. As of the third quarter of 2016, the volume of jobs, projects and other key industry indicators are all near cyclical highs. But a labor shortage could be threatening the seemingly-endless stream of commercial construction starts. A recent survey conducted by the Associated General Contractors of America found that 69 percent of contractors have d...
Fifth Annual Revenue Strategy Summit (RSS) Slated for July 26, 2017 at the Renaissance Washington, D.C. Downtown Hotel
the Revenue Strategy Summit (RSS) | January 23, 2017
Innovators Will Gather to Discuss Profitability, Loyalty, Disruption in the Hotel Industry Washington, D.C. — January 23, 2017 — Hotel industry innovators and thought leaders will converge on Washington, D.C., for the fifth annual Revenue Strategy Summit (RSS) on July 26, 2017. The annual event examines the forces reshaping the hospitality industry and how marketing and technology can evolve to meet these new challenges. RSS 2017 will be held at the Renaissance Washington, D.C. Downtown Hotel. "Now for five years running, RSS has become the undisputed laboratory for new ideas shaping the future of hospitality," said Patrick...
Hotel Equities Promotes President Brad Rahinsky to Chief Executive Officer
Hotel Equities | January 19, 2017
ATLANTA (January 19, 2017) - Atlanta-based Hotel Equities recently promoted President Brad Rahinsky to the position of President & Chief Executive Officer. Fred Cerrone, founder of the firm, retains the position of Chairman. Following a unanimous vote by the Hotel Equities' Board of Directors in December, Mr. Cerrone announced the promotion at the monthly meeting of the firm's leadership team. "An extraordinary leader with an astute business mind, Brad brings that rare mix of business acumen and street sense to his position as the President & CEO of Hotel Equities" said Fred Cerrone, Founder and Chairman of Hotel Equities. "He h...
Bayside Land Partners to Develop $1 Billion Master-Planned Development in the Lake Ray Hubbard Area of Rowlett, Texas
Lifescapes International | January 17, 2017
Mixed-Use Project to Include 700-Room Hotel and First Crystal Lagoon in Texas ROWLETT, TX – Jan. 9, 2017) Lifescapes International, a Newport Beach-based landscape architectural firm, has been selected to design the overall landscape environment for Bayside, the $1 billion master-planned development encompassing 262 acres that is planned to feature a variety of retail, restaurants, residential units, and a resort hotel in the Lake Ray Hubbard area of Rowlett, Texas. The development will feature the very first Crystal Lagoon in Texas, which is a new technology that creates man-made lagoons with crystal-clear, turquoise waters in or...
Hotel Equities to Manage SpringHill Suites St. Petersburg Clearwater
Hotel Equities | January 17, 2017
ATLANTA–January 17, 2017– Atlanta-based Hotel Equities recently announced its selection as the management firm for the SpringHill Suites by Marriott St. Petersburg Clearwater. Owned by Alliras Hospitality, LLC, the hotel is located at 3485 Ulmerton Road in Clearwater, Florida. Newly renovated, the all-suites hotel is located near St. Petersburg Clearwater Airport and Bright House Networks Field, the home of spring training for the Phillies. Guests also have easy access to Clearwater Beach, Pier 60 for entertainment under the stars, St. Petersburg Pier and Tropicana Field. "We are pleased to expand our presence on Florida's w...
Avison Young Acquires Atlanta-Based Hotel Assets Group, LLC
Avison Young | January 17, 2017
With purchase, commercial real estate firm launches new hospitality service line; 25 members join, Keith Thompson becomes Principal Toronto, ON – Mark E. Rose, Chair and CEO of Avison Young, the world's fastest-growing commercial real estate services firm, announced today that it has acquired Atlanta-based hotel real estate brokerage company Hotel Assets Group, LLC (Hotel AG). With the purchase, Avison Young launches a new hospitality group that will operate nation-wide in the U.S. Effective immediately, Hotel AG is rebranded as Avison Young. Twenty-five new members, including 20 brokers, join the company. Keith Thompson, Brad Si...
