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
IHG® Challenges Brands to Address the Needs of the Uncompromising Customer in the ‘Age of I’
IHG | January 16, 2017
Davos, Monday 16th January 2017: Intercontinental Hotels Group (IHG®) today launches its 2017 Trends Report - The Uncompromising Customer: Addressing the Paradoxes of the 'Age of I' - at the World Economic Forum (WEF) in Davos, Switzerland. The report highlights the uncompromising nature of today's customer who increasingly expects brands to deliver experiences that satisfy contradictory needs. IHG's research identifies four paradoxes that are driving the decisions customers make in a landscape constantly changing through advances in technology. In this environment, customers do not want either/or solutions: they want the best of bo...
ADA Defense Lawyer on Hotel Mixed Use: Tenants Not Liable for Common Areas
Marty Orlick | January 16, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com ADA Hospitality Defense and Compliance Lawyer: Hotel mixed-use projects have proliferated over the past decade or two — projects that combine a hotel with retail, residential, entertainment, office and other uses. In recent years, many of these projects combine hotel and shopping center elements. We are big fans of hotel mixed-use. Over the years, we have written about the numerous advantages that accrue to both hotels and shopping centers, when hotels are added to the right shopping or retail center. One study showed that the right ...
Managed by Hotel Equities, Fairfield Inn by Marriott Corpus Christi Aransas Pass Opens in Texas
Hotel Equities | January 13, 2017
ATLANTA–January 13, 2017–Atlanta-based Hotel Equities opened the Fairfield Inn by Marriott Corpus Christi Aransas Pass in Texas and serves as the hotel's management company. Hotel Equities now manages 21 hotels in the state of Texas. Owned by HCNA Enterprises, LLC, the hotel is located at 2379 Business Highway 35, only 23 miles from Corpus Christi International Airport and 20 minutes from downtown. Guests welcome convenient access to Conn Brown Harbor, Kohootz Dolphin Encounters and Aransas Queen Casino. "We are pleased to expand our presence in Texas by opening another property in the southern part of the state," said Joe R...
What to Expect from Global Hospitality Association HFTP in 2017
HFTP | January 13, 2017
AUSTIN, TEXAS, USA (January 13, 2017) – Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition & Conference (HITEC®), has widely extended its global reach for this upcoming year. With leading industry events spanning three separate continents, five inaugural events and three new Digital Learning Day additions, HFTP has largely increased its scope of hosted events in 2017. "It has been exciting to watch the rapid growth and progression of the association," said Frank Wolfe, CAE, CEO of HFTP. "We are looking forward to what lies ahead – wit...
2017 Commercial Real Estate Lending Predictions
Brian Holstein | January 13, 2017
By Brian Holstein The commercial real estate lending markets started 2016 slow and choppy and spent the rest of the year making up lost ground. Volume was down, but available for good deals; rates and spreads were accommodative, even with the year-end Treasury rate spike; defaults rose slightly, but not alarmingly and banks and life insurance companies picked up market share at the expense of CMBS lenders. This year, the debt markets will face their own set of unique and unprecedented challenges, but the picture remains rosy. Wall of Maturities Much has been made about the so-called "Wall of Maturities" in 2017, which is largely the re...
Hilton Signs Nine Hotels in Mexico Representing Five Brands Including Company’s First Dual-Branded Property
Hilton Hotels & Resorts | January 12, 2017
MCLEAN, Va. - Hilton (NYSE: HLT) today announced the signing of nine properties in Mexico that represent a number of Hilton brands, including Hilton Hotels & Resorts, Curio - A Collection by Hilton, Hilton Garden Inn, Hampton by Hilton and Homewood Suites by Hilton, as well as the company's first dual-branded property in the country. These newly announced properties contribute nearly 1,200 rooms to the hotel company's pipeline and will join the portfolio of more than 45 existing hotels in Mexico. "Mexico continues experiencing impressive tourism growth, and the addition of these hotels will help satisfy the increasing d...
Future of Risk Series: Reputation Risks Accelerate and Amplify
Nancy Albinson | January 12, 2017
By Nancy Albinson, Andrew Blau and Yang Chu In today's hyper-connected world dominated by mobile devices, social media, and evolving expectations from society, information can spread like wildfire. This convergence of mobile and social media is intensifying the impact of reputation risks for organizations and is driving them to fundamentally rethink their approaches to risk management and proactively address these accelerated, amplified risks. What forces are driving this trend? Social media is creating a more connected, networked world where information is rapidly amplified Disruptive mobile technologies are ushering in a new era of ...
What Hotels Can Learn From the Airbnb CEO’s Twitter Exchange about What Guests Want
ALICE | January 11, 2017
When Airbnb's CEO asked his Twitter community for their Airbnb product wish list, what he got was a comprehensive look at what guests want from lodging today. by Alex Shashou When Airbnb CEO Brian Chesky asked his Twitter followers for Airbnb product recommendations in the late hours of Christmas day, Chesky said he expected about 10 people to respond. Instead, some 2,200 people offered their suggestions, with product recommendations still coming in. Chesky spent the rest of the 25th, and then many hours on subsequent days, responding to input from users. The Airbnb CEO facilitated a wide-ranging conversation about short and longer-ter...
HITEC Amsterdam Online Registration Open Now – Secure Your Spot Today
HFTP | January 10, 2017
HFTP's Inaugural HITEC Amsterdam is 29–30 March 2017 at RAI Amsterdam Convention Centre in Amsterdam, The Netherlands AUSTIN, TEXAS, USA (January 10, 2017) – Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition & Conference (HITEC®), has announced that attendee registration for its inaugural HITEC Amsterdam is now available online. Also available on the HITEC Amsterdam website is information on travel and hotel reservations. HITEC is the world's largest hospitality technology exposition and conference, and has extended its reach even further with its...
Hilton Joins TripAdvisor Instant Booking Marketplace
Hilton | January 9, 2017
MCLEAN, Va. and NEEDHAM, Mass., Jan. 9, 2017 -- Hilton (NYSE: HLT) and TripAdvisor (NASDAQ: TRIP) today announced a partnership to make Hilton's portfolio of 13 world-class global brands accessible in the TripAdvisor instant booking marketplace. Beginning in early 2017, travelers around the world will be able to make a reservation at any Hilton property quickly and easily without leaving the TripAdvisor site or mobile app. Hilton, comprising nearly 789,000 rooms across 104 countries and territories, is the latest major hotel company to join TripAdvisor instant booking. The partnership will expand TripAdvisor's instant booking in...
Kasikci’s Bentley Management Opens 2017 with New Directions, Clients and Projects
Jim Butler | January 4, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Recently, I had a delightful year-end lunch at the SoHo House with a remarkable man I have known and worked with about 25 years. I am very proud to call him my friend and include him amongst our "celebrity clients." When I first met this hotelier, he had recently left Four Seasons Newport Beach, and taken over the helm of the newly opened Beverly Hills Peninsula Hotel. With a hands-on intensity, he quickly turned around the financial performance at the hotel, earned the elusive 5 stars and 5 diamonds, and made the hotel the most profitable...
D’Ambra Construction Co. Gains Approval for Development of $20 Million, 120-room Hyatt Place Hotel in Warwick, RI
January 4, 2017
Jan. 04--WARWICK, R.I. -- The inauguration of city officials Tuesday night was marked by pomp and circumstance and included an announcement of approvals of a new hotel on Jefferson Boulevard. Mayor Scott Avedisian announced that D'Ambra Construction Co. has received all the approvals from the Rhode Island Commerce Corporation for a 120-room Hyatt Place Hotel on the boulevard near the airport, a more than $20-million project. The hotel project had received preliminary approvals in June. A groundbreaking ceremony is expected to take place toward the end of the month, said press secretary Courtney Marciano. Avedisian's choice of ve...
Hotel Construction Pipeline in Latin America is Steady with 892 Projects, Up 3 Percent YOY
Lodging Econometrics | December 28, 2016
December 28, 2016 – PORTSMOUTH, NH - According to the recent Construction Pipeline Trend Report for Latin America from Lodging Econometrics (LE), the region has 892 Projects/151,203 Rooms, up 3% by projects and down 1% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, the Latin America Pipeline has 410 Projects/70,564 Rooms, down 1% by projects and 6% by rooms YOY. There are 182 Projects/31,255 Rooms Scheduled to Start Construction in the Next 12 Months, up 3% by projects and 2% rooms. Projects in Early Planning, 300 Projects/49,384 Rooms, are up 8% by projects and 5% by rooms. The three cities with the large...
Hotel AG Announces Recent Closings
Hotel AG | December 27, 2016
ATLANTA – December 28, 2016 – Hotel AG announced today that in December the firm closed 5 hotel transactions located mostly in the central US. The sales included a Residence Inn, Hilton Garden Inn, Courtyard by Marriott, Holiday Inn and a Hawthorn Suites in Texas. Chris Stark, a partner with the firm, remarked, "The volatility in the hotel transaction markets seem to have stabilized post-election. These recent sales represent a sharp back to retail pricing. We as a firm are encouraged that this cycle is showing signs of lengthening as the health of the market improves." ...
Marriott Takes Top Spot Leading Franchise Companies in Global Hotel Construction Pipeline with 2,021 Projects
Lodging Econometrics (LE) | December 27, 2016
December 27, 2016 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that the four leading franchise companies in the Global Hotel Construction Pipeline by project-count are: Marriott International with 2,021 Projects/347,544 Rooms, Hilton Worldwide with 1,733 Projects/267,788 Rooms, InterContinental Hotels Group (IHG) with 1,343 Projects/207,806 Rooms and Choice Hotels with 487 Projects/43,381 Rooms. The leading brand for each of these top Global franchise companies are: IHG's Holiday Inn Express with 607 Projects/73,584 Rooms, Hilton's Hampton Inn with 478 Projects/55,737 Rooms, Marriott's Fairfield Inn with 299 Proje...
El San Juan Hotel to Join Curio – A Collection by Hilton Following Multi-Million Dollar Renovation
December 22, 2016
SAN JUAN, Puerto Rico – December 22, 2016 – El San Juan Hotel is pleased to announce that it will open its doors as part of Curio – A Collection by Hilton TM to travelers and locals alike on February 5th, 2017. Following a property-wide multi-million-dollar renovation, one of the most extensive completed at the property since its inception in 1958, the highly anticipated reopening will debut the majority of the updates made to the iconic San Juan property. The new look designed by Jeffery Beers, one of the top hotel and restaurant designers in the world, will include completely remodeled guest rooms, a new pool, 22 lux...
Paramount Lodging Advisors (PLA) Thrives in the Pittsburgh Area Market
Paramount Lodging Advisors | December 22, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the SpringHill Suites Pittsburgh West Mifflin and Comfort Inn & Suites Pittsburgh RIDC. PLA exclusively represented the seller on both deals with Associate Omari Head and Managing Directors Brent Clemens and Bennett Webster leading the efforts on the nearly 320 combined rooms across the two assets. The two deals mark PLA's fourth and fifth consecutive successful engagements in the Pittsburgh area in 2016. "Despite a slight dip in area performance, we were pleasantly surprised with the buyer turnout and remain bullish on broader Pittsburgh area demand," noted Head. C...
Dubai Tops List for Largest Construction Pipeline in Middle East with 110 Projects /31,555 Rooms
Lodging Econometrics | December 21, 2016
December 21, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the total pipeline has 513 Projects/136,683 Rooms, up 21% by projects and 6% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, the Middle East Pipeline has 298 Projects/81,169 Rooms, up 28% by projects and 6% by rooms YOY. There are 108 Projects/25,783 Rooms Scheduled to Start Construction in the Next 12 Months, up 23% by projects and 20% by rooms. Projects in Early Planning, 107 Projects/29,731 Rooms, are up 3% by projects and down 3% by rooms. The three ci...
Global Hotel Construction Pipeline Shows Modest Growth, Up 6 Percent by Projects YOY
Lodging Econometrics (LE) | December 21, 2016
December 21, 2016 – PORTSMOUTH, NH The Total Global Pipeline has 11,547 Projects/1,953,784 Rooms, up 6% by projects and 4% by rooms Year-Over-Year (YOY) according to the recent Global Construction Pipeline Trend Report from Lodging Econometrics (LE), who tabulates the Construction Pipeline and Census with complete ownership detail for 196 countries worldwide. For hotels currently Under Construction, the Global Pipeline has 5,417 Projects/1,008,948 Rooms, both within 1% of last year's Total. However, there are 3,514 Projects/504,938 Rooms Scheduled to Start Construction in the Next 12 Months, up 22% by projects and 19%...
An Insider’s Irreverent Guide to Travel in 2017
Alan E. Young | December 21, 2016
By Alan E. Young, Co-Founder and President of Puzzle Partner It's been a heck of a year, hasn't it? Most of us are ready to say a big Sayonara! to the hangover that 2016 has become. But really, on the whole, the travel industry had a pretty solid year. While next year doesn't register signs of dramatic growth in the number of travelers, it does appear that travelers will spend more when they do travel.[1] Capturing that revenue will be more important than ever with the uncertain political and economic landscapes. Here's where the opportunities are in 2017 to grab some of that market share: "Get the heck out of dodge" takes on a new mean...
EB-5 Financing for Developers Extended. Obama Signs “Continuing Resolution”
Jim Butler | December 20, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com 20 December 2016 On December 9, 2016, President Obama signed the "Continuing Resolution" passed by Congress to extend funding of the federal government until April 28, 2017, by which time it is expected that Congress will have approved a budget for the full fiscal year. EB-5 Regional Center program also extended to April 28, 2017 As with several prior budget extensions, the Continuing Resolution included an extension of the EB-5 program's Regional Center provisions, validating expectations of industry experts. This means that developers wh...
HSMAI Names Top 25 Extraordinary Minds in Hospitality Sales, Marketing, & Revenue Optimization for 2016
HSMAI | December 13, 2016
The Hospitality Sales & Marketing Association International (HSMAI) is proud to announce its 2016 honorees for The HSMAI Top 25: Extraordinary Minds in Hospitality Sales, Marketing, Revenue Optimization. The hospitality and travel industry requires creative thinkers and innovators. The HSMAI Top 25 honors these top achievers in sales, marketing, and revenue optimization of hospitality, travel and tourism organizations for their accomplishments in the preceding 18 months. HSMAI will honor The HSMAI Top 25 in conjunction with the Adrian Awards Dinner Reception and Gala on February 21, 2017, at the New York Marriott Marquis, and in a p...
Seoul Remains Top City for Hotel Construction Pipeline in Asia Pacific with 159 Projects
Lodging Econometrics | December 13, 2016
December 13, 2016 – PORTSMOUTH, NH Lodging Econometrics (LE) reports that, excluding China, the top four cities in the Asia Pacific region with the largest hotel construction pipelines by rooms are: Seoul with 159 Projects/31,233 Rooms, Jakarta with 118 Projects/20,885 Rooms, Kuala Lumpur with 47 Projects/11,484 Rooms and Tokyo with 49 Projects/10,941 Rooms. Seoul is the only one of these markets to increase Year-Over-Year with 22 projects added, up 16%. Excluding China, the leading franchise companies in Asia's Hotel Construction Pipeline are: Marriott International, after the Starwood merger, with 236 Projects/54,328 Rooms, Inte...
American Liberty Hospitality Makes Owner Profitability Job One
American Liberty Hospitality | December 12, 2016
Family Owned Operator Puts Leading Edge Financial Management Tools to Work for Stronger Property Performance PITTSBURGH – December 12, 2016 – Nick Massad, Jr. and his wife Vicki purchased American Liberty Hospitality 26 years ago on a foundation of service to its owners and investors. They worked hard, hired good people and treated every penny as if it were their own. Today American Liberty Hospitality (ALH) operates 20 properties with Hilton, IHG and other flags in Texas and Louisiana. The company is a real American success story. Nick Massad, Jr. started in the hotel business as a bellboy to help put himself through colleg...
