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
EB-5 Regional Center Program Extended Until December 9, 2016 by Continuing Resolution
Jim Butler | October 5, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Déjà vu all over again? Last Thursday, President Obama signed the Continuing Resolution, or CR, passed by Congress for the principal purpose of avoiding the shutdown of the Federal government by continuing to fund government operations and most of its agencies at 2016 levels through December 9, 2016. It is hoped that at that time, Congress and the President will be able to agree upon the budget for the entire fiscal year ending September 30, 2017. As last year, the Continuing Resolution is a temporary solution, continuing fun...
IHG and NOVUM Hotel Group Sign Landmark Deal to Develop 20 Hotels Across Europe
IHG | October 3, 2016
Multiple Development Agreement will see the companies develop winning portfolio of brands across Europe This is NOVUM Hotel Group and IHG's first MDA together InterContinental Hotels Group (IHG), one of the world's leading hotel companies, and NOVUM Hotel Group, (NOVUM Group), one of the largest hotel groups in Germany, have today announced the signing of a Multiple Development Agreement (MDA) spanning 20 hotels across Europe in markets such as Germany, Austria and Netherlands. The MDA is the first venture together between both companies. IHG currently has over 650 hotels in Europe, including 64 hotels in Germany, and is going fr...
Paramount Lodging Advisors Assists in the Sale of the Detroit Metro Airport Marriott
Paramount Lodging Advisors | September 28, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the Detroit Metro Airport Marriott. PLA exclusively represented the seller in the transaction, with PLA Managing Directors Bennett Webster, Brent Clemens, and Adam Montufar leading the marketing efforts on the 249-room full-service hotel. "Our team was pleased with the activity on the sale. The marketing process resulted in approximately 190 confidentiality agreements and nearly 20 offers," noted Montufar. "We remain bullish on Detroit and the broader Metro area and we look forward to continued success in the market. We believe Detroit is one of the few top-20 MSA's tha...
5 Ways for Hotels to Counter Growing Pressure from Review Sites, the Sharing Economy and the Expanding Technology Stack
ALICE | September 27, 2016
Hotels are under increasing pressure to evolve. Review sites, the sharing economy, and even the rise of dedicated hotel technology are making adaptability a hotel's most valuable asset. Here's five ways hotels can respond. With TripAdvisor's growing impact on bookings, hotels are under a microscope like never before Guests are evaluating and sharing service observations publicly, divulging insights that previously lived anonymously in the hotel's review systems and on paper rating cards. Because some 80% of guests consult 6-12 TripAdvisor reviews before booking, these ratings now have a direct bearing on ADR. Previously, a hotel's marke...
Sao Paulo Leads Latin America’s Hotel Construction Pipeline with 38 Projects Followed by Campinas, Brazil and Rio de Janeiro
Lodging Econometrics (LE) | September 27, 2016
September 27, 2016 – PORTSMOUTH, NH According to Latin America's Hotel Construction Pipeline from Lodging Econometrics (LE), the three cities with the largest pipelines are: Sao Paulo with 38 Projects/7,191 Rooms, Campinas, Brazil with 34 Projects/6,239 Rooms and Rio de Janeiro with 32 Projects/6,625 Rooms. The leading franchise companies in Latin America's Pipeline are: AccorHotels with 111 Projects/16,551 Rooms, Marriott International with 58 projects/9,814 Rooms and Hilton Worldwide with 55 Projects/7,483 Rooms. The leading brand for each of Latin America's top three franchise companies are: Accor's Hotel Ibis with 47 Projects/...
HIlton Honors Robert G. Schaedle III of Chartwell Hospitality with Lifetime Achievement Award
Hilton | September 26, 2016
MCLEAN, Va. – Sept. 26, 2016 — Hilton (NYSE: HLT) today announced honors for its top annual development awards in the Americas. Awards are presented in five categories across the company's portfolio of hotels, including: Developer of the Year, Best Conversion, Deal of the Year, Outstanding Achievement and Lifetime Achievement. Recipients are awarded based on criteria ranging from total number and quality of hotels developed to impact on community during the course of 2015. "We owe much of Hilton's success to the efforts of our owner partners, and we are proud to honor them with this well-deserved recognition," said Bill F...
Revenue Management: A Brief History
Howard Hian | September 26, 2016
By Howard Hian When I began in the hotel business in the early 1970s in San Diego, revenue management wasn't even a phrase. In its primitive state, it was a loose practice. When more tourists visited, a hotel would simply raise room rates. In summer how we loved the people from Arizona! Then there were weekends and special events (anyone remember the Cool Jazz Festival?). Sometimes minimum stays were even required over holidays. Wow! Someone much earlier in the history of economic theory called it "supply and demand". Then about 15 years ago or so, some suit dreamed up the position of Revenue Manager. Usually, the front desk or re...
IHG and HPL Partner to Bring InterContinental Resort to Maldives’ Island of Maamunagau
IHG | September 26, 2016
New Delhi, 26 September 2016 - InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has signed a management agreement with Hotel Properties Limited ("HPL") to open a new InterContinental® resort on the island of Maamunagau in the Maldives. The 83-room InterContinental® Maldives Maamunagau Resort will mark the brand's entry into the Maldives when it opens. This is the third resort that IHG has in partnership with HPL. The Singapore-based property owner and developer also owns Holiday Inn Resort Kandooma Maldives and Holiday Inn Resort Vanuatu. According to Maldives Ministry of Tourism, ove...
Paramount Lodging Advisors’ Interns Awarded Highest Honors At DePaul University’s Real Estate Department Fall Reception
Paramount Lodging Advisors | September 23, 2016
CHICAGO, IL – The Paramount Lodging Advisors (PLA) team is proud to recognize the achievements of DePaul University interns Lindsey White and Daniel Jackson. Both DePaul University students were awarded the most prestigious scholarships from DePaul University's Real Estate Department and the Kellstadt Graduate School of Business. Lindsey was granted the DePaul Real Estate Alumni Association Scholarship, which was given to an undergraduate student whom exemplified high-achievement in the real estate program. Lindsey will graduate early in 2018, when she is sure to take the commercial real estate industry by storm. Daniel received T...
The Middle East’s Top Three Cities with Largest Construction Pipelines are Dubai; Riyadh, Saudi Arabia; and Doha, Qatar
Lodging Econometrics | September 23, 2016
September 23, 2016 – PORTSMOUTH, NH – According to the Middle East's Hotel Construction Pipeline from Lodging Econometrics (LE), the three cities with the largest pipelines are: Dubai with 110 Projects/31,155 Rooms, Riyadh, Saudi Arabia with 56 Projects/11,866 Rooms, and Doha, Qatar with 44 Projects/9,554 Rooms. The leading franchise companies in the Middle East's Pipeline are: Hilton Worldwide with 75 Projects/22,708 Rooms, Starwood Hotels & Resorts with 49 Projects/14,249 Rooms and Marriott International with 43 Projects/10,513 Rooms. The leading brand for each of the Middle East's top three franchise companies are: Hi...
12 Reasons Travel and Hospitality Brands Should Boost Their B2B Content Marketing in 2017
Alan E. Young | September 22, 2016
By Alan Young It's hard to believe that summer is just about over and we are entering the homestretch of 2016 --and planning time for 2017. I am sure you already see the paradigm shift in the travel and hospitality technology industry ---and it is truly tougher than ever to break through the noise. There's a reason why CMOs at the largest tech brands report that content marketing is the second most important initiative, only behind measuring ROI. In fact, 75% of marketers are increasing investment in content marketing in 2017. These days, if you want your business to succeed, it's not enough to just produce and deliver your product &nda...
Middle East Construction Pipeline Accelerates with Projects Up 16% and Rooms up 11% YOY
Lodging Econometrics | September 22, 2016
September 22, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the total pipeline has 495 Projects/142,946 Rooms, up 16% by projects and 11% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, the Middle East Pipeline has 282 Projects/88,545 Rooms, up 26% by projects and 19% by rooms YOY. There are 103 Projects/24,211 Rooms Scheduled to Start Construction in the Next 12 Months, up 8% by projects and 7% by rooms. Projects in Early Planning, 110 Projects/30,190 Rooms, are down 16% by projects and 11% by rooms. ...
London Leads Europe’s Hotel Construction Pipeline Followed by Istanbul and Moscow
Lodging Econometrics | September 21, 2016
September 21, 2016 – PORTSMOUTH, NH According to Europe's Hotel Construction Pipeline from Lodging Econometrics (LE), the three cities with the largest pipelines are: London with 78 Projects/14,070 Rooms, Istanbul with 35 Projects/6,310 Rooms and Moscow with 31 Projects/7,805 Rooms. The leading franchise companies in Europe's Pipeline are: Hilton Worldwide with 147 Projects/24,312 Rooms, InterContinental Hotels Group (IHG) with 116 Projects/20,593 Rooms and Marriott International with 80 Projects/14,605 Rooms. The leading brand for each of Europe's top three franchise companies are: Hilton's Hampton Inn & Suit...
Europe’s Hotel Construction Pipeline Shows Steady Growth with Projects Up 7% and Rooms Up 6% YOY
Lodging Econometrics | September 20, 2016
September 20, 2016 – PORTSMOUTH, NH According to the recent Construction Pipeline Trend Report for Europe from Lodging Econometrics (LE), the total pipeline has 951 Projects/152,085 Rooms, up 7% by projects and 6% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, Europe's Pipeline has 423 Projects/74,158 Rooms, up 9% by projects and 7% by rooms YOY. There are 236 Projects/37,482 Rooms Scheduled to Start Construction in the Next 12 Months, up 2% by projects and 4% by rooms. Projects in Early Planning, 292 Projects/40,445 Rooms, are up 8% by projects and 6% by rooms. ...
How Foreign Investors Can Avoid Hidden Traps Of U.S. Taxation On U.S. Investments
Jim Butler | September 15, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com Asians love the U.S. as a place to live, buy homes, invest, go to school, and run their businesses. Over the past five years, we have seen an unprecedented increase in foreign investment in the US — particularly as a new flood of Chinese investors joins the tide of Japanese, Korean, Malaysian and other Asian investors. My partner Scott Harshman counsels foreign investor clients from all over the world. He tells them that it is urgent to get an early grip on potential U.S. tax consequences and structures when first contemplating thei...
DoubleTree Resort by Hilton Myrtle Beach Oceanfront Debuts Following Property-Wide Renovation and Expansion
Integrated Capital LLC | September 15, 2016
MYRTLE BEACH, S.C. - Hilton (NYSE: HLT) today welcomes the 30-acre DoubleTree Resort by Hilton Myrtle Beach Oceanfront in Myrtle Beach, South Carolina, as the latest addition to the DoubleTree by Hilton portfolio of 465+ hotels after a property-wide renovation and expansion project of the resort. Formerly known as the Springmaid Beach Resort, the seaside hotel now boasts a 20,000 square-foot main building, ocean view restaurant and lounge, "grab & go" snack area and outdoor entertainment terrace. "From the area's 100+ golf courses to Springmaid Pier's world-class fishing and surfing, there are many reasons Myr...
21c Museum Hotels to Accelerate Expansion Following Formation of Joint Venture; Infusion of $250 Million Allows for Future Developments
21c Museum Hotels | September 15, 2016
Louisville, Kentucky. (September 15, 2016) -- 21c Museum Hotels and Junius Real Estate Partners ("Junius"), a specialized real estate investment unit of J.P. Morgan Private Bank, announced today that Junius Hospitality Partners ("JHP"), a fund managed by Junius, has made an investment in 21c Museum Hotels. Under the agreement, JHP will deploy dedicated capital toward building or acquiring properties for 21c's expansion. As part of the transaction, JHP will own a minority stake in the operating company. "21c is positioned for meaningful growth," said 21c Museum Hotels Co-Founder and CEO, Steve Wilson. "We have devoted significant time an...
Seoul, Jakarta and Tokyo Top Cities in Asia with Largest Hotel Construction Pipeline
Lodging Econometrics | September 14, 2016
September 14, 2016 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports that, excluding China, the top three cities in Asia with the largest hotel construction pipelines by rooms are: Seoul with 26,008 Rooms/124 Projects, Jakarta with 21,390 Rooms/122 Projects, and Tokyo with 12,029 Rooms/54 Projects. Excluding China, the leading franchise companies in Asia's Hotel Construction Pipeline are: InterContinental Hotels Group (IHG) with 26,211 Rooms/116 Projects, Marriott International with 25,912 Rooms/110 Projects and Starwood Hotels & Resorts with 25,632 Rooms/115 Projects. The leading brand for each of the top three franc...
Hotel Construction Pipeline in the Asia Pacific Region Declines with Projects Down 6% YOY
Lodging Econometrics | September 13, 2016
September 13, 2016 – PORTSMOUTH, NH – According to the recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics (LE), excluding China, the region has 1,539 Projects/308,792 Rooms, down 6% by projects and 4% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, excluding China, the Asia Pacific Pipeline has 864 Projects/179,056 Rooms, down 4% by projects and 3% by rooms YOY. There are 285 Projects/60,349 Rooms Scheduled to Start Construction in the Next 12 Months, down 4% by projects and 11% by rooms. Projects in Early Planning, 390 Projects/69,387 Rooms, are down 11% by projects and ...
IHG Appoints Ranjay Radhakrishnan Chief Human Resources Officer
Ranjay Radhakrishnan | September 8, 2016
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, today announces that Ranjay Radhakrishnan has been appointed Chief Human Resources Officer. He will join the business on 1st December and will become a member of IHG's Executive Committee, replacing Tracy Robbins who stepped down from the role in January 2016. Mr. Radhakrishnan joins IHG from Unilever, where he has spent 23 years in a range of senior leadership roles at global, regional and country levels. He is a member of Unilever's Human Resources (HR) Leadership team and his most recent role was as Executive Vice President Global HR (Categories & Ma...
Paramount Lodging Advisors Opens St. Louis Office and Welcomes New Agent
Paramount Lodging Advisors | September 8, 2016
ST. LOUIS, MO—Paramount Lodging Advisors (PLA) is pleased to welcome aboard new team member, Beau Mullenix. Beau will be working out of PLA's new St. Louis office. Beau's focus is on individual and portfolio transactions across the country with a vast knowledge of the Midwest and West region hotel markets. He brings with him over 16 years of experience as an owner/operator in the Hotel Industry with an expertise in overseeing all aspects of property management. This includes superior financial results, P&L analysis, budgeting, capital improvements, and quality assurance. Prior to Paramount, Beau held positions in several manag...
Developer BLT and Salamander Hotels & Resorts Reimagine Historic NOPSI Building as New Orleans Luxury Hotel
Salamander Hotels & Resorts | September 8, 2016
Former New Orleans Public Service, Inc., HQ will reopen in spring 2017 as NOPSI Hotel, New Orleans – a 217-room luxury property NEW ORLEANS (September 8, 2016) – The historic headquarters of the former New Orleans Public Service, Inc., (NOPSI) is being reinvented as a luxury 217-room hotel called NOPSI Hotel, New Orleans. Located in the city's vibrant Central Business District on the corner of Baronne and Union streets, the nine-story brick building originally opened in 1927. It will reopen as NOPSI Hotel in spring 2017 after a meticulous restoration returns each space to its previous splendor, including the building's stre...
Hotel Equities Opens DoubleTree in Dallas-Fort Worth Following Renovation and Rebranding
Hotel Equities | September 7, 2016
Atlanta and Arlington, TX–September 7, 2016 – Atlanta-based Hotel Equities announced the opening of the DoubleTree by Hilton Arlington DFW South in the Dallas suburb of Arlington, Texas. Located in the Entertainment District of the Dallas-Ft. Worth metroplex, the property recently completed a renovation. 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. It lies within a three-mile radius of the DFW Airport, Globe Life Park, Six Flags over Texas and AT&T Stadium, home of the Dallas Cowboys. Je...
Paramount Lodging Advisors Arranges the Sale of 649 Jones Street Formerly “Halcyon Hotel” Located in San Francisco, California
Paramount Lodging Advisors | September 7, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the successful sale of the property at 649 Jones Street, formerly known as the "Halcyon Hotel" located in San Francisco. Scott Griemsmann, Senior Managing Director and Subu Thiagarajan, Broker Associate of the West Coast office represented the owners in the transaction. The property sold for a purchase price of $7 million/$259,259 per room. "This is a tremendous price for the owners and the purchasers achieved a very specific goal with the purchase," commented Griemsmann. The four-story, 27-room, SRO hotel opened in 1912 and was converted to alternative housing in 2013. The hotel r...
