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
Pebblebrook Hotel Trust and Noble House Complete $6 Million Renovation of LaPlaya Beach & Golf Resort
LaPlaya Beach & Golf Resort | December 8, 2016
NAPLES, Fla. (December 8, 2016) – LaPlaya Beach & Golf Resort, a Noble House Resort located on the idyllic Naples beachfront, is pleased to announce the completion of a $6 million renovation, which includes luxurious new Beach House guest rooms, property-wide beautification updates, new sustainability initiatives, and the introduction of a gourmet coffee bar. Located on a stunning, private six-acre white sand beach alongside the Gulf of Mexico, LaPlaya Beach & Golf Resort offers a quintessential Naples experience with an award-winning beachside restaurant, luxurious spa, exclusive golf club, and stunning waterfront views f...
Hilton To Detail A Simplified Fee-Based Business With Expanded Capital Return Potential
Hilton | December 8, 2016
Executives to highlight the business strategies for Hilton, Park Hotels & Resorts, and Hilton Grand Vacations MCLEAN, Va. - Hilton Worldwide Holdings (NYSE: HLT) ("Hilton") will host an Investor Day in New York today to discuss the company's strategy and financial outlook in conjunction with the planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations. The event will feature presentations by members of Hilton's senior leadership team including Christopher J. Nassetta, president & chief executive officer, and Kevin Jacobs, executive vice president & chief financial officer. Thomas J. Baltimo...
Valuing a Hotel’s Real and Personal Property Separately
Hans Detlefsen | December 7, 2016
How to Separate Tangible Personal Property Value from Real Property Value in Hotels A hotel's value can be categorized into real property and personal property. Real property includes the land and improvements. Personal property includes tangible1 and, sometimes, intangible2 personal property. When valuing a hotel for ad valorem tax purposes, it is often necessary to separate the tangible personal property value from the real property value, as many jurisdictions tax the real property separately. This article describes a methodology for separating the tangible personal property from the real property value of hotels. Introduction by Exa...
Lao International Development & IHG Enter Agreement for New Build InterContinental Vientiane in Laos
IHG | December 6, 2016
Set to open in 2021, the new-build InterContinental Vientiane will join Crowne Plaza Vientiane to be the second hotel managed by IHG in the capital city. The hotel will feature more than 400 rooms, offering guests a quality stay in the upcoming World Trade Centre – a mixed-use complex being developed by Lao International Development Co. Ltd. Slated to be the city's commercial hub when it opens, the complex will also include a large retail mall, medical centre, conference centre, office tower and residential towers. Strategically located a short drive away from Wattay International Airport and adjacent to Lan Cang Avenue, Vietnam S...
Los Angeles Has More Pipeline Rooms in Early Planning Than Any Other Market
Lodging Econometrics | December 6, 2016
December 6, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), Los Angeles has 18,229 Rooms/108 Projects in the Total Pipeline. Early Planning currently stands at 6,382 Rooms/37 Projects. It is the highest room-count for this stage in any market. Developers have yet to make a branding decision for 4,800 Rooms/23 Projects in Early Planning, representing significant opportunity for franchise companies and their brands. Additionally, there are 5,975 Rooms/29 Projects Under Construction and 5,872 Rooms/42 projects Scheduled to Start Construction in the Next 12 Month...
Marriott Officially Debuts New Luxury Group for Eight of Its 30 Brands
Marriott | December 5, 2016
From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. (NASDAQ: MAR) today announced that the company continues to grow its leadership position in luxury, doubling its portfolio of luxury hotels through the recent merger with Starwood Hotels & Resorts. Providing global travelers an unrivaled selection of diversified, high-end experiences in 61 countries, the Marriott International Luxury Brands group now includes the iconic St. Regis, The Luxury Collection and W Hotels brands, in addition to the company's world-renowned hospitality hallmarks The Ritz-Carlton, Ritz-Carlton Reserve, Bulgari Hotels & Re...
How to Find (And Keep) the Best Hotel Sales Talent Right Now: Tips From Tambourine’s DOSM-in-Residence
Tambourine | December 5, 2016
Group and catering revenues often make or break your property's P&L and determine whether you outperform your comp set. Your sales team's performance is often the key to winning… so you MUST have quality salespeople. While most hotels have found a way to stay competitive in the transient space (with proper revenue management and smart hotel marketing), gaining a competitive advantage on the group side requires an enhanced commitment to recruiting and retaining sales talent. How to find and retain the best hotel sales talent right now: We asked our own Jeff Spaccio, Tambourine's DOSM-in-Residence, for advice on finding and ret...
Hotel Equities Celebrates Grand Opening of DoubleTree Arlington DFW South Following $10 Million Renovation
Hotel Equities | December 1, 2016
Atlanta and Arlington, TX –December 1, 2016 – Atlanta-based Hotel Equities (HE) recently held a Grand Opening and ribbon cutting celebration in Arlington, Texas for the DoubleTree by Hilton Arlington DFW South. Hotel Equities manages the 237-room, five-story property that recently completed a $10 million renovation in the Entertainment District of the Dallas-Ft. Worth metroplex. Owned by Admiral Hotel Group LLC, the DoubleTree by Hilton Arlington DFW South marks the fourth property under management by Hotel Equities in Dallas and a total of 12 hotels under management in the state of Texas. Hotel Equities now counts four Doub...
Terry Sanders Joins Hotel AG and Opens Dallas Office
Hotel AG | November 30, 2016
ATLANTA – November 30, 2016 – Hotel AG announced today that Terry Sanders has joined Hotel AG as a partner and will lead the Dallas, Texas office for the firm. Terry is a 20-year veteran of the hotel industry who most recently played a key role in the growth of Wyndham Hotel Group's U.S. portfolio of hotels. Holding various positions during his career at Wyndham, Terry's most recent role from 2009 to 2015 was as Senior Vice President of Development for Franchised and Managed Hotels for the U.S., as well as Western Canada. While at Wyndham, Terry was responsible for generating over $500 million in ongoing franchised and manag...
Timothy Arnold Named Managing Director of Food and Beverage of El San Juan Hotel
El San Juan Hotel | November 28, 2016
SAN JUAN, Puerto Rico – November 28, 2017 – El San Juan Hotel is pleased to announce Timothy Arnold as Managing Director of Food and Beverage. Arnold brings more than 25 years of luxury resort, hotel and restaurant experience to the multimillion dollar renovation. In his new role, Arnold will oversee all aspects of El San Juan Hotel's food and beverage operations including the resort's nine award-winning restaurants, 15 bars and in room dining programming. "Throughout his career, Arnold has established himself as an exemplary leader, not just managerially and operationally, but also strategically." said Stefan Huber, Managin...
Hilton Appoints Katie Beirne Fallon as Senior Vice President and Global Head of Corporate Affairs
Hilton | November 21, 2016
MCLEAN, Va. - Hilton (NYSE:HLT) has named Katie Beirne Fallon as senior vice president and global head of corporate affairs. She previously served as a senior advisor at the White House and a top aide in the U.S. Senate. Hilton's corporate affairs department includes communications, government relations and corporate responsibility functions globally for the company. Fallon will report to Christopher J. Nassetta, president and CEO of Hilton, and serve as a member of the executive committee. "As we continue to gain momentum and accelerate our growth around the world, finding additional ways to connect and engage with our most cr...
Hospitality Funding Arranges $12.6 Million Acquisition Loan for Plantation, Florida Hotel
Hospitality Funding | November 20, 2016
Palm Beach, Fla. – Hospitality Funding, a Palm Beach-based boutique financial advisory firm, has facilitated a 10-year, $12.6 million loan for the owner of the Holiday Inn Express in Plantation, Fla. The fixed-rate loan is secured by the 156-room hotel at 1701 N University Drive. An affiliate of Waramaug Hospitality is the owner of the hotel. Waramaug is a privately held investment group that focuses on acquiring legacy branded assets throughout the United States. Hospitality Funding Chairman Scott Silver stated, "While the markets have been changing over the last few months, Hospitality Funding was still able to executive an attr...
IACC-Americas Names USA Chefs as “Copper Skillet Champions”
Hotel Development Partners, LLC (HDP | November 17, 2016
Oak Brook, IL -- November 2016 – Eight chefs from IACC-member properties across the US gathered recently to compete for the coveted USA Copper Skillet at the Hilton Chicago | Oak Brook Hills Resort & Conference Center, where the winners edged one step closer to the International Copper Skillet Competition global finale next April. Shane Hawkins, Lead Cook at Stonewall Resort, took the "Junior Category US Copper Skillet Award" for his winning dish in the cook-off. Local judges named Hawkins the winner for his dish of red potato hash, lightly fried striped bass with white wine butter, and seared New York strip with portabella. ...
Hotel Development Partners Celebrates Opening of Hampton Inn & Suites by Hilton in North Atlanta
Hotel Development Partners | November 16, 2016
Atlanta –November 16, 2016 – Atlanta-based Hotel Development Partners (HDP) held a Grand Opening and Ribbon Cutting celebration in Atlanta's Perimeter Center for the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody. Atlanta-based Hotel Equities serves as an investor in the hotel and manages the 132-room property that is a uniquely urban version of the Hampton Inn & Suites brand. The hotel anchors a mixed-use project including 25,600 SF of retail and restaurant space at 4565 Ashford Dunwoody Road in Atlanta's prime office-retail market. Jason Caughron leads the hotel team as the General Manager with Trudy San...
UpsellGuru to Further Maximize Upsell Opportunities for Partner Hotels in the U.K.
UpsellGuru | November 15, 2016
London, UK – The 132-bedroom resort Cameron House has partnered with UpsellGuru to generate greater revenues and higher guest satisfaction. The 5 Star Luxury Hotel, set on the world-renowned banks of Loch Lomond in Scotland, is using UpsellGuru's innovative upsell system to permit their guests to submit bids on room upgrade prior to their arrivals. Additionally, guests can purchase meals and spa visits in the hotel's multi award-winning restaurants and spa. In the first 3 months of partnership, Cameron House is experiencing a high number in stay upgrades, attaining average additional revenues of GBP 6.000 per month (up to GBP 10.0...
India – The HVS 2016 Hotel Development Cost Survey
Rishabh Thapar | November 14, 2016
By Rishabh Thapar and Achin Khanna HVS is pleased to share the analysis and insights of the 2016 Hotel Development Cost Survey – India. The development cost is an important aspect of a hotel project that determines its viability. HVS, over the years, has helped investors estimate the overall cost of developing a hospitality project as part of the multiple feasibility studies we have performed for varied asset types across all positioning. This survey endeavours to enhance the knowledge and understanding of industry stakeholders on the subject based on actual development costs of recently opened hotels in India. The report provides...
Hilton Introduces Leadership Team for Planned REIT, Park Hotels & Resorts
Hilton | November 14, 2016
MCLEAN, Va. - Hilton Worldwide Holdings Inc (NYSE: HLT) ("Hilton") today announced the appointment of additional members of the executive leadership team of Park Hotels & Resorts Inc. ("Park"), ahead of the planned separation of the real estate investment trust (REIT) around year end. Hilton previously announced the appointment of Thomas J. Baltimore, Jr. as chief executive officer, and Sean M. Dell'Orto as chief financial officer, of Park. Upon completion of the spin-off, expected at or around year end, Park will be one of the largest lodging real estate companies, with a diverse portfolio of iconic and mark...
How the Marriott-Starwood Merger Will Affect You…
Jim Butler | November 11, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Global Hospitality Group® survey results: What does all the recent consolidation in the hotel industry mean to different stakeholders? Marriott closed its acquisition of Starwood on September 23, 2016, following Accor's closing of its acquisition of Fairmont/Raffles on July 12, 2016. Other consolidations may already be underway. In any event, most of us in the hotel industry expect some very important consequences to result from such transactions. The hotel lawyers at JMBM's Global Hospitality Group® thought it would be int...
HFTP Announces Forward-Thinking Keynote Speakers for Premier HITEC Amsterdam in March 2017
HFTP | November 10, 2016
HFTP adds future scenario planner Woody Wade and BBC broadcaster Aleks Krotoski as program headliners AUSTIN, TEXAS, USA (November 10, 2016) — Hospitality Financial and Technology Professionals (HFTP®), producer of the Hospitality Industry Technology Exposition and Conference (HITEC®), has secured two globally known, innovative thinkers for the inaugural HITEC Amsterdam. Opening the event is Aleks Krotoski, an award-winning international broadcaster, author and academic who is behind the BBC Radio 4 show The Digital Human and BBC World's The Virtual Revolution. Closing the program is Woody Wade, future scenario plannin...
Hotel Lawyer: The PROs and CONs of Multi-Branded Hotels
Bob Braun | November 10, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Hotel Lawyer on multi-branded hotels. Hotels with more than one brand are increasingly common, but it wasn't always so. Although some compelling advantages are driving this trend in many situations, developers and owners should weigh the advantages against other considerations. My partner Bob Braun is a senior member of our Global Hospitality Group® and has experience with many hundreds of hotel management and franchise agreements. Bob is also co-author of the Hotel Management Agreement & Franchise Agreement Handbook (3rd edition),...
Pebblebrook Hotel Trust Enters Agreement to Sell the Manhattan NYC in New York, New York for $217.5 Million
Pebblebrook Hotel Trust | November 7, 2016
BETHESDA, Md.--November 7, 2016-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has executed a purchase and sale agreement to sell the 618-room, upper upscale, full-service Manhattan NYC in New York, New York for $217.5 million to a third party. The sale of the Manhattan NYC is subject to normal closing conditions, and the Company offers no assurances that this sale will be completed. The Company is targeting to complete the sale in the next 90 days. Proceeds from the sale of Manhattan NYC will be utilized for general business purposes which may include reducing the Company's outstanding debt or repurchasin...
HSMAI Releases Report on Revenue Management Leadership
HSMAI | November 7, 2016
The Hospitality Sales & Marketing Association International (HSMAI) announces the release of Portrait of Revenue Management Leadership. The report examines the results of a recent survey of hotel management executives on their current work, the challenges facing the discipline, and the evolving skills and duties of senior revenue management professionals. MCLEAN, VA NOVEMBER, 2016 --The Hospitality Sales & Marketing Association International (HSMAI) announces the release of Portrait of Revenue Management Leadership. The report examines the results of a recent survey of hotel management executives on their current work, the chall...
HFTP’s 2016–2017 Global Executive Committee and Board of Directors Begin Term
HFTP | November 7, 2016
The new HFTP Global Board was installed last month during the association's 2016 Annual Convention AUSTIN, TEXAS, USA (November 7, 2016) — The 2016-2017 Global Executive Committee and Board of Directors for Hospitality Financial and Technology Professionals (HFTP®) have officially begun their term. The association leaders represent a wide variety of segments within the hospitality industry, including: clubs, consulting, hotels, finance, technology and more. The HFTP Global Executive Committee and Board of Directors volunteer their time and professional expertise to help guide and progress the association to the forefront of th...
Hotel AG Announces Recent Closings
Hotel AG | November 7, 2016
ATLANTA – November 7, 2016 – Hotel AG announced today that over the last several weeks the firm has closed the following hotel transactions - a new Home 2 Suites in Nashville, Tennessee; a Holiday Inn Express in the Washington, DC metro area; a select service hotel west of Huntsville, Alabama; a Carlson hotel in Georgia; and a full service hotel located in Pennsylvania. The brokers involved in these transactions were Chris Stark, Victor Kalyanji, Wendy Blissett and Brad Sinclair. Currently, Hotel AG has 42 hotels totaling $600 million in value in various stages of contract with many closings scheduled over the next 7 weeks. ...
