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
Stefan Huber Named Managing Director of El San Juan Hotel
El San Juan Hotel | November 4, 2016
SAN JUAN, Puerto Rico – November 4, 2016 – El San Juan Hotel is pleased to announce Stefan Huber's appointment as Managing Director & General Manager of the Isla Verde beach hotel which, under his direction, will reopen its doors in early 2017 following a multimillion dollar, property-wide renovation. A seasoned hospitality veteran, Huber returns to the El San Juan Hotel, where he served as Director of Housekeeping from 1985 to 1987. Huber refined his skills at the Ocean Reef Club, The Fairmont Dallas, The Inn & Spa at Loretto, and most recently, the InterContinental Dallas. "Stefan's exemplary management acumen, pro...
Hotel Equities to Operate Fairfield Inn & Suites in Downtown Memphis Set to Break Ground Early 2017
Hotel Equities | November 3, 2016
ATLANTA - (November 3, 2016) – Atlanta-based Hotel Equities recently announced its selection as the management firm for the new Fairfield Inn & Suites by Marriott as part of a development in downtown Memphis, Tennessee. Goodlettsville-based EPIQ Hotels, Inc. and MNR Hospitality LLC, under the leadership of President B. Patel, are the developers of the hotel. In addition to this custom urban model of the Fairfield Inn & Suites, the project will also include a signature bar and restaurant on the corner of Union Avenue and B.B. King Blvd., facing AutoZone baseball park. "We see great potential for this beautiful new hotel in ...
HFTP’s Premier HITEC Amsterdam to Co-Locate with HTNG’s Insight Summit Europe in March 2017
HFTP | November 3, 2016
AUSTIN, TEXAS, USA (November 2, 2016) — Global hospitality association Hospitality Financial and Technology Professionals (HFTP®), producers of the Hospitality Industry Technology Exposition and Conference (HITEC®), is partnering with Hotel Technology Next Generation (HTNG) to co-locate the HTNG Insight Summit Europe with the premier HITEC Amsterdam. Both events will take place in Amsterdam, The Netherlands. HTNG's Insight Summit Europe will be held from March 27-28, 2017, while HFTP's HITEC Amsterdam will take place March 28-30 at the RAI Convention Centre. "HFTP is proud to continue its lasting relationship with HTN...
Pebblebrook Hotel Trust Completes Sale of the DoubleTree by Hilton Hotel Bethesda-Washington DC for $50.1M
Pebblebrook Hotel Trust | November 3, 2016
BETHESDA, Md.--November 3, 2016--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has closed on the sale of the 270-room, upscale, full-service DoubleTree by Hilton Hotel Bethesda-Washington DC (the "DoubleTree Bethesda") in Bethesda, Maryland for $50.1 million. The sale price of $50.1 million reflects an 11.6x EBITDA multiple and a 7.4% net operating income capitalization rate (after an assumed annual capital reserve of 4.0% of total hotel revenues) based on the trailing twelve-month operating performance for the period ended September 30, 2016. "We are pleased with the sale of the DoubleTree Bethesda," noted...
Eight Companies with 175+ Properties Sign to Implement Aptech’s Hotel Software Solutions
Aptech Computer Systems, Inc. | November 2, 2016
Multi-Brand Operators and Standalone Independents Optimize Profitability with Execuvue® Business Intelligence, Targetvue Budgeting, and PVNG and Profitvue® Enterprise Back Office PITTSBURGH – November 2, 2016 – Aptech Computer Systems announced it signed agreements with 8 hotel companies with a total of 175+ properties in the past six months. Six companies integrated and centralized multi-brand data collection and analysis with Aptech's Execuvue business intelligence hotel software. Other operators installed Profitvue® enterprise back office and Targetvue budgeting and forecasting for faster response to market a...
Pebblebrook Hotel Trust Reported Q3 2016 Net Loss of $35.5 million, a Decline of $73.8 million Over the Same Period of 2015
Pebblebrook Hotel Trust | November 1, 2016
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the third quarter ended September 30, 2016. The Company's results include the following: Third Quarter Nine Months Ended, September 30 2016 2015 2016 2015 ($ in millions except per share and RevPAR data) Net income (loss) ($35.5) $38.2 $55.5 $72.0 Same-Property RevPAR(1) $231.34 $231.60 $216.92 $210.54 Same-Property RevPAR growth rate (0.1%) 3.0% Same-Property Wholly Owned EBITDA(1) $80.7 $80.6 $220.7 $208.9 Same-Property Wholly Owned EBITDA growth rate 0.2% 5.6% Same-Property Wholly Owned EBITDA Margin(1) 38.6% 38.6% 36.3% 35.5% Same-Property...
HFTP’s Annual Convention Delivers Thought-Provoking Discussion for Hospitality, Finance and Technology Professionals
HFTP | October 28, 2016
The professional association's yearly event had a reformatted program that offered important industry information in a variety of session styles AUSTIN, TEXAS, USA (October 28, 2016) — More than 555 Hospitality Financial and Technology Professionals (HFTP®) members and hospitality industry professionals came together, from around the globe, for HFTP's 64th Annual Convention last week. This year's Annual Convention was revamped, with a completely new format, to progress the event to keep up with evolving business practices. The three-day event was held from October 19–21, 2016 at Caesars Palace Las Vegas Hotel & Casin...
Hotel Equities Selected to Manage Hampton Inn by Hilton in Gainesville, Georgia
Hotel Equities | October 25, 2016
ATLANTA–October 25, 2016– Atlanta-based Hotel Equities recently announced its selection as the management firm for the Hampton Inn by Hilton in Gainesville, Georgia. H&R Hotels, Inc., owner of the property, has developed a strategic partnership with Hotel Equities to manage the hotels in its portfolio. The Hampton Inn Gainesville will begin a major renovation in the near future using the brand's "Forever Young" design that promises to provide guests with a fresh new look and experience. Located in the central business district of Gainesville, the hotel is within walking distance of the Georgia Mountains Convention Center...
ADA Defense Lawyer: Philadelphia Court Hits Uber and Lyft for ADA Violations
Jim Butler | October 24, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Uber and Lyft are back in the headlines again, but not for the usual ride share issues. This time it is for alleged violations of the ADA. Here is what my partner Marty Orlick, Chair of our ADA Compliance & Defense Group, has to say on this development. The City of Brother Love is Showing Love to Persons with Disabilities Under the ADA, but not to Lyft or Uber by Martin H. Orlick, Chair, JMBM's ADA Compliance & Defense Group From coast to coast, Uber and Lyft have come under increasing fire from disability rights organizations and ...
IHG Reports Q3 2016 Results: Slow but Steady Growth with a 1.3% Increase in RevPar
IHG | October 21, 2016
Highlights Global Q3 comparable RevPAR1 up 1.3%, and up 1.8% Q3 YTD Enhanced global scale: 7k rooms opened in Q3, increasing net system size 3.8% YoY to 754k rooms Building future growth: 19k rooms signed; highest for Q3 since 2008, taking pipeline to 230k rooms Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We delivered a solid performance in the third quarter, leveraging our global scale to drive 3.8% net system growth and 1.3% RevPAR growth. We remain focused on executing our commercial strategy to drive competitive advantage. This includes broadening the footprint of our global portfolio of brand...
IHG Signs with Amapa Group to Convert Historic Palace Building into Hotel Indigo in Milan’s Duomo Neighborhood
October 19, 2016
Scheduled to open early 2018 under a franchise agreement with Amapa Group, the historic palace building will be converted into a hotel featuring 55 rooms, a destination restaurant, courtyard and a leisure and fitness centre. Situated in the city-centre, just ten minutes from Milan's Duomo and La Scala the hotel will be in a perfect location for guests to explore the local neighbourhood and its design will draw on inspiration from the local area, which has established a long history in the fields of fashion, textile and design. Hylko Versteeg, IHG's Associate Vice President of Development for Southern Europe, commented: "Boutique remains...
Paramount Lodging Advisors Arranges the Sale of the Former Residence Inn located NW Indianapolis, IN
Paramount Lodging Advisors | October 18, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the successful sale of the property at 3553 Founders Road, formerly known as the "Residence Inn" located in Indianapolis. Scott Griemsmann, Senior Managing Director and Adam Montufar, Managing Director, exclusively represented the owners in the transaction. "We continue to experience significant demand for lodging investment opportunities in the greater Indianapolis metro. This is our fourth successful sale in the market in the last year with an existing listing currently available in Castleton," commented Montufar. The two-story, 88-room, hotel opened in 1984 and was converted to ...
ADA Compliance & Defense Lawyer: ADA Website Accessibility Lawsuits Escalate
Jim Butler | October 18, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Click here for the latest articles on ADA Compliance & Defense. JMBM's ADA Defense & Compliance team takes the ADA seriously, and we recommend that our clients take a proactive approach in identifying and solving potential problems before they become lawsuits. For many years now, we have called attention to the importance of making website ADA-compliant, but hotels, resorts, restaurants, banks, retailers and other owners and operators of commercial real estate continue to be vulnerable to one of the more recent and serious waves of...
Budget Season: Planning Ahead for 2017
Natalie Francoeur | October 18, 2016
By Natalie Francoeur As we help our hotel clients wade through budget season each year, we all wonder if other hoteliers have the same concerns that we do. What are the owner's expectations? Are their expectations reasonable? Can the operations team meet these expectations? There seem to be some perpetual issues that creep up annually – how do we manage the increasing cost of providing healthcare coverage to employees; what will be the impact of new hotel supply in our markets, etc. But each year, there also seem to be a different set of issues that come to the forefront, usually based on changes in laws or regulations, current tr...
Hotel Fights Back: Judge Dismisses High Frequency Litigant’s ADA Pool Lift Case
Jim Butler | October 17, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Click here for the latest articles on ADA Compliance & Defense. JMBM's ADA Defense & Compliance team takes the ADA seriously, and we recommend that our clients take a proactive approach in identifying and solving potential problems before they become lawsuits. But sometimes serial plaintiffs just go too far with claims that cannot be justified and which violate the purpose and spirit of the ADA. Today, my partner Marty Orlick talks about a recent case that offers property owners and operators some relief against this type of harass...
Bedrooms to Showrooms: Blurring the Boundaries Between Hotels and Retail
JLL Real Views | October 17, 2016
By Kelsey Burgess Ever stayed in a hotel room where the mattress is so comfortable you wished you could take it home? It's a concept that retailer West Elm is exploring with its new chain of boutique hotels all kitted out with the brand's bedroom furniture ranges, light fixtures and linen along with locally commissioned artwork to give each room an individual touch. And while there won't be price tags hanging from the handles, guests will be able to buy any furnishings that catch their eye through the company's website or app, enabling them to bring the best of their travel experience into their home environments. For West Elm, which pl...
The One Thing You Can Control With TripAdvisor Reviews
ALICE | October 12, 2016
The influence of reviews on traveler's booking behaviors is well established. Some 95% of travelers consult reviews before making a purchase. And data from TripAdvisor reveals almost all of their visitors consult some 6-12 reviews before purchasing a trip. Review sites' direct impact on a hotel's bottom line has also been well documented. One recent study by Cornell University found that if a hotel increased its review score by 1 point on a 5-point scale, it could increase its prices by 11.2 percent without sacrificing occupancy or market share. TripAdvisor is the undisputed king when it comes to online hotel reviews. The site reaches o...
The William Vale Installs Aptech Computer Systems
Aptech Computer Systems, Inc. | October 12, 2016
Brooklyn's Newest Full-Service Hotel Implements Profitvue® Enterprise Back Office Pittsburgh, PA – October 12, 2016 – Aptech Computer Systems announced that The William Vale, in Brooklyn NY, installed Profitvue to manage financial processes and property accounting. The visually-striking 183-room William Vale is a new-build property that opened in summer 2016. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. "We installed Profitvue to manage pre-opening accounting in December 2015 and us...
JMBM’s Global Hospitality Group® Announces EB-5 Financing and Closing of Two Recent Deals for Great Wolf Resorts and Wurzak Hotel Group
Jim Butler | October 10, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Los Angeles—The Global Hospitality Group® of Jeffer Mangels Butler & Mitchell LLP is pleased to announce the recent closing of two hotel deals for their clients, Great Wolf Resorts and Wurzak Hotel Group. Jim Butler, Chair of the Global Hospitality Group®, and David Sudeck, a senior member, led the transactions and associated EB-5 financing. Great Wolf Resorts recently closed the purchase of property in LaGrange, Atlanta, for a resort that will include a 93,000 square foot water park, several restaurants, and 456 suites. ...
Hotel Equities Names Joe Fallis General Manager for the Residence Inn Atlanta Perimeter Dunwoody
Hotel Equities | October 6, 2016
ATLANTA–October 6, 2016 – Atlanta-based Hotel Equities recently hired Joe Fallis to serve as the General Manager of the Residence Inn by Marriott Atlanta Perimeter Dunwoody. The hotel is currently under construction at 4695 Ashford Dunwoody Rd. in the heart of the Perimeter Center area of Atlanta. It is expected to open in early summer 2017. Mr. Fallis has responsibility and oversight of the operations of the hotel including food & beverage, sales & marketing and revenue management strategies. "Joe brings years of outstanding leadership experience many of which he spent working in the Marriott family of hotels," said...
IHG Appoints Michael Zager Vice President, Operations, Continental Europe
IHG | October 6, 2016
Michael Zager will report directly to Stephen McCall, Chief Operating Officer, Europe, IHG®, and join IHG's Operations Leadership Team Zager will be based in Frankfurt, reflecting the operator's focus on Germany as a key market IHG, one of the world's leading hotel companies, has appointed Michael Zager as Vice President, Operations, Continental Europe. Zager will start his new role effective October 1st and report to Stephen McCall, Chief Operating Officer, Europe. Zager will join the Operations Leadership Team and will be based within IHG's Frankfurt office to help further strengthen presence and resource in this key market....
Paramount Lodging Advisors Sells Quality Inn & Suites Houston – Westchase
Paramount Lodging Advisors | October 5, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Quality Inn & Suites Houston - Westchase. PLA exclusively represented the special servicer seller, with Managing Directors Adam Montufar, Brent Clemens, Bennett Webster and Associate Subu Thiagarajan leading the efforts. "We are extremely pleased with result of this auction and were pleasantly surprised by the more than 460 executed confidentiality agreements," stated Thiagarajan. "This transaction marks another successful trade for PLA on Ten-X and our 19th total sale on behalf of the seller. We were informed the confidentiality agreement count set a record for...
Hotel Equities Opens 134-Key Four Points Houston Energy Corridor
Hotel Equities | October 5, 2016
ATLANTA and HOUSTON–October 5, 2016– Atlanta-based Hotel Equities plans to open the Four Points Houston Energy Corridor, a new member of the Marriott family brand of hotels, in west Houston on October 4. The 134-key full service property is located at 18861 Katy Freeway in Houston and features 3,000 square feet of flexible meeting space. Hotel Equities serves as the management company for the hotel that is owned by OM Hospitality. Gary Shultz is the General Manager and Donnisha Spicer serves as the Director of Sales. "We are excited to open our first Four Points hotel and further expand our firm's presence in the greater Hou...
Upselling: Icing on the Revenue Management Cake
New Castle Hotels & Resorts | October 5, 2016
by Don Urbahn, Vice President Revenue Management, New Castle Hotels & Resorts Have you ever been pleasantly surprised to find your favorite dessert hiding in the refrigerator following a satisfying and wholesome meal? You know that feeling of delight, even though you're really not hungry? In the discipline of hotel revenue management, upselling is just like that unexpected dessert. It's icing on the cake of a solid, satisfying, profitable ADR. Here are a few ways smart hoteliers can ensure a steady stream of sprinkles and cherries. At time of reservation: Take the time to understand the potential guest and their reason for travel....
