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
onefinestay’s Greg Marsh to Deliver the Keynote Address at the Fourth Annual Revenue Strategy Summit (RSS) – July 7, 2016 at the Renaissance W
the Revenue Strategy Summit (RSS) | May 27, 2016
RSS Anticipates 300+ Participants, Discussing Innovation and Disruption in Today's Dynamic Marketplace Washington, DC – May 27, 2016 — Greg Marsh, co-founder of luxury vacation home pioneer onefinestay, will deliver the keynote address at the fourth annual Revenue Strategy Summit, (RSS), a gathering of thought leaders and practitioners who will examine the forces reshaping the hospitality industry and how marketing and technology must evolve to meet new demands. Scheduled for July 7th at the Renaissance Washington, D.C. Downtown Hotel, RSS combines education, networking and high-level information exchange among an anticipate...
Hospitality Focus on Construction Costs
The Author | May 27, 2016
By Elaine Sahlins The feasibility of a new hotel is driven by a number of factors, foremost among them – the availability of sites, the costs to build, the price and accessibility of financing, and the demand for hotel rooms at a rate point that supports all these and other elements. With several of these items falling into place in many markets across the U.S., hotel construction continues to accelerate. Cushman & Wakefield's Hospitality & Gaming practice provides consulting and valuation services for new and existing hotel properties across the country. In recent years, the majority of new hotel projects we have worked o...
Hotel Development Partners & Hotel Equities Open the 132-room Hampton Inn & Suites Atlanta Perimeter Dunwoody
Hotel Equities | May 26, 2016
Atlanta, GA–May 26, 2016 – Atlanta-based Hotel Development Partners (HDP) announced the opening of the Hampton Inn & Suites by Hilton Atlanta Perimeter Dunwoody. The 132-room hotel is located at 4565 Ashford Dunwoody Road in north Atlanta's prime office-retail market. Atlanta-based Hotel Equities serves as a joint venture partner with Hotel Development Partners as an owner of the hotel. Hotel Equities is also the management company for the uniquely urban version of the Hampton Inn & Suites hotel. Jason Caughron leads the team as the General Manager with Trudy Sankey as the Director of Sales. "The hotel will enhance l...
Venza Engages Puzzle Partner to Increase Brand Awareness and Solidify Thought Leadership Presence
Puzzle Partner | May 26, 2016
Toronto, CA, – May 26, 2016, Puzzle Partner Ltd., today announced that they have welcomed new client Venza, the leading global provider of solutions that enable hospitality organizations to mitigate data security vulnerabilities and ensure compliance. As the company expands its brand and scope of offerings for hotels over the course of 2016, Puzzle Partner will support messaging, content and public relations strategies for Venza. "The team at Puzzle Partner is unwavering in its commitment to bold, brave ideas," said Daniel Johnson, VENZA's COO. "Their experience and connections in the travel and hospitality space make them uniquel...
Hospitality Financial and Technology Professionals Announces 2016 International Hospitality Technology Hall of Fame Inductees
HITEC | May 24, 2016
Michael Levie, CHTP and Prakash Shukla will be inducted into the Hall of Fame during HITEC 2016 AUSTIN, TEXAS, USA (May 24, 2016) — Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce that Michael Levie, CHTP and Prakash Shukla will be inducted into the HFTP International Hospitality Technology Hall of Fame at the Hospitality Industry Technology Exposition and Conference (HITECSM) in New Orleans, La. next month. The induction ceremony will take place on Tuesday, June 21, 2016 at 8:30 a.m. in Great Hall A immediately before the keynote session that day. Levie and Shukla were nominated and selected ...
HFTP’s Entrepreneur 20X Pitch Competition Returns at HITEC 2016 with More Start-Ups, Top-Notch Judges and Exciting Changes
HITEC | May 24, 2016
The second annual E20X pitch competition is bigger and better than before AUSTIN, TX USA (May 24, 2016) — Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce the selected start-ups and judges that will be participating in the second annual Entrepreneur 20X (E20X) pitch competition taking place at the 2016 Hospitality Industry Technology Exposition and Conference (HITECSM) in New Orleans, La. USA next month. The action-packed E20X session is scheduled for Monday, June 20, 2016 from 1:00 – 4:00 p.m. at the Ernest N. Morial Convention Center in the Rivergate Room. All HITEC badges are welcome ...
Texas Has Largest Construction Pipeline with 673 Projects
Lodging Econometrics | May 19, 2016
May 19, 2016 – PORTSMOUTH, NH – According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), Texas has the largest pipeline of any state with 673 Projects/72,747 Rooms. Houston, Dallas and Austin account for 55% of all hotel development in Texas with 369 projects/44,459 rooms. Following Texas is California with 413 Projects/62,067 Rooms then New York with 325 Projects/47,909 Rooms. The franchise companies with most pipeline projects in Texas are: InterContinental Hotels Group (IHG) with 141 Projects/14,542 Rooms, Hilton Worldwide with 133 Projects/15,255 Rooms, and Marriott Internati...
HFTP Holds 2016 Hospitality Operations Finance Roundtable in McLean, Va. USA
HFTP | May 19, 2016
Annual financial roundtable offers candid discussion among top global hospitality financial leaders AUSTIN, TEXAS (May 19, 2016) – To identify and discuss the primary issues faced by hospitality finance professionals today, the Hospitality Financial and Technology Professionals' (HFTP®) Hospitality Finance Advisory Council (HFAC) held its inaugural hospitality operations finance roundtable on Wednesday, May 18, 2016 at the Hilton McLean Tyson Corner in McLean, Va. USA. The goal for the meeting is to gather hospitality finance executives to identify the key issues they are currently facing and discuss how they are being addres...
HFTP Allied Association, China Hotel Technology Alliance (CHTA), to Lead Educational Session at HITEC 2016
HITEC | May 18, 2016
CHTA will discuss China technology at the world's largest hospitality technology conference AUSTIN, TEXAS (May 18, 2016) — Hospitality Financial and Technology Professionals (HFTP®) has announced plans for a new educational session on hotel technology trends in China at the upcoming Hospitality Industry Technology Exposition and Conference (HITECSM). The Global China session will be organized by HFTP's allied association, the China Hospitality Technology Alliance (CHTA) and is scheduled for Wednesday, June 22, 2016 at 11:30 a.m. in the Rivergate Room at the Ernest N. Morial Convention Center in New Orleans, La. USA. The featu...
Dallas, Nashville and Atlanta Have Fastest Growing Construction Pipelines
Lodging Econometrics | May 18, 2016
May 18, 2016 – PORTSMOUTH, NH – Lodging Econometrics reports that Dallas, Nashville & Atlanta have the fastest growing hotel construction pipelines in the U.S. Dallas increased its pipeline by 41 projects Year-Over-Year (YOY), and now has 128 Projects/16,124 Rooms. Nashville has 89 Projects/11,566 Rooms, an increase of 39 projects. Atlanta with 79 Projects/9,912 Rooms is up by 29 projects. Marriott International is the leading franchise company in all three markets, with 29 projects in Dallas, 20 in Nashville, and 24 in Atlanta. All but one of these Marriott projects are either currently Under Construction or scheduled t...
Hotel Equities Celebrates Ribbon Cutting and Grand Opening of Residence Inn in Lake Charles, Louisiana
Hotel Equities | May 17, 2016
Atlanta, GA and Lake Charles, LA–May 17, 2016– Atlanta-based Hotel Equities recently held a Ribbon Cutting and Grand Opening celebration for the Residence Inn by Marriott Lake Charles. Hotel Equities is the management company for the hotel that is owned by the Lake Charles-based BDK Associates. Brandon Heidkamp serves as the General Manager with Melissa Nash as the Director of Sales. The 96-room hotel stands at 1601 West Prient Lake Road in Lake Charles, LA directly beside the SpringHill Suites by Marriott, also managed by Hotel Equities and owned by BDK Associates. "We are excited to add the Residence Inn, another premium M...
Warmbrodt Hotel Investments Announces the Sale of the Hilton Garden Inn Kansas City, Kansas
Warmbrodt Hotel Investments | May 17, 2016
WHI announced today they closed the sale of the Hilton Garden Inn Kansas City, Kansas. WHI was the exclusive adviser on behalf of the seller, KCK Hotel Group, LLC. The seller was a public/private partnership between the Unified Government of Wyandotte County/Kansas City, Kansas and a local investment group. The property was sold to an affiliate of Fairwood Capital and HP Hotels has assumed the management of the hotel. The purchaser plans to renovate the guest room bathrooms. "This property was received very well by the national, regional and local investor community and the results for the seller were excellent. The transaction acc...
Industry Fundamentals Are Good Now and Will Continue Improve
Jim Butler | May 16, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Hotel industry fundamentals are good, and will continue to improve. But the hotel industry is being punished by the disconnect between the investment community of Wall Street and actual performance of the hotels on Main Street. More on the nature of this disconnect shortly, but first, here is the current situation as summarized by Vail Brown of STR last week at the 26th annual Los Angeles hotel investment conference, Meet the Money®. Total United States Key Performance Indicator Outlook (% Change vs. Prior Year) 2016 – 2017 Note...
Marriott Brands Leads Upscale Hotel Sales with 15 First Quarter Transactions
Lodging Econometrics | May 13, 2016
May 13, 2016 – PORTSMOUTH, NH - Lodging Econometrics reports that in the first quarter of 2016 there were 15 Marriott-branded Upscale hotel sales in the United States that had selling prices reported into the public domain. The Average Selling Price Per Room (ASPR) for these Marriott-branded hotels was $178,131, while the ASPR for the remaining 17 transactions in the Upscale sector was $123,465. The 15 Marriott-branded Upscale transactions consisted of: five Courtyards with an ASPR of $204,054; five SpringHill Suites with an ASPR of $192,891; and five Residence Inns with an ASPR of $133,029. The highest ASPR for a single transacti...
Marriott’s Bid for Starwood Challenged in Lawsuit by Hotel Owners
May 11, 2016
Owners of hotels in Chicago and New York filed suit Tuesday Plaintiffs say deal would violate exclusivity agreements by Chris Dolmetsch Marriott International Inc.'s acquisition of Starwood Hotels & Resorts Inc. was challenged by the owners of hotels in Chicago and New York who say the merger would violate exclusivity agreements. Cityfront Hotel Associates Limited Partners, the owner of the Sheraton Grand Chicago, and Dream Team Hotel Associates LLC, which owns the Westin Times Square in New York, sued Marriott and Starwood in New York state court Tuesday, arguing the merger would unfairly eat into their business. Sheraton and W...
Hotel Transactions Off to a Slow Start in First Quarter According to US Transactions Trend Report
Lodging Econometrics | May 9, 2016
May 9, 2016 – PORTSMOUTH, NH - According to the most recent United States Transactions Trend Report from Lodging Econometrics, transaction activity is off to a slow start in 2016. In the first quarter there were 252 hotel transactions, the lowest transaction volume recorded since the third quarter of 2012. There was no merger & acquisition activity reported in the first quarter. Only 42 of the hotels sold were part of portfolio transactions, the lowest total in four years. The remaining 210 hotels were single-asset transactions. ...
InterContinental Hotels Group Reports First Quarter 2016 Trading Update
IHG | May 6, 2016
Highlights Global Q1 comparable RevPAR up 1.5%1 Enhanced global scale: 5k rooms opened, increasing net system 2.7% YoY to 742k rooms Building future growth: 15k rooms signed; pipeline of 220k rooms, with ~45% under construction Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We have made a good start to the year, driving RevPAR up 1.5% against the background of weak oil markets and the earlier timing of Easter, which affected several of our markets. We continued our focus on building and leveraging scale where it matters, signing rooms into our pipeline at the fastest rate since 2008. We also strength...
Hospitality Financial and Technology Professionals to Host Inaugural CIO Forum in India
HFTP | May 5, 2016
AUSTIN, TEXAS (May 5, 2016) – Leading global hospitality association, Hospitality Financial and Technology Professionals (HFTP®), will host its first annual India CIO Forum from September 28-30, 2016 at The Oberoi Udaivilas property in Udaipur, Rajasthan India. The exclusive event will bring together leading hospitality professionals from around the globe, as well as some of the brightest minds in India's hospitality industry, in a highly-interactive forum to discuss pressing topics unique to hospitality technology. The event will offer networking and educational opportunities for hospitality chief information officers. "S...
STOP Selling to the Masses. Start by Creating Guest Personas
Donna Lewis | May 2, 2016
by Donna Lewis Essentially hotels offer a place to stay in a given location, and everyone needs that right? Which means a hotel's target audience is almost everyone right? Wrong and wrong. Ok, so maybe you already know that your target audience isn't everyone per se, but truly how specific is the audience you're targeting? How detailed is your guest profile? Do you even know what your guest persona is? Let us help raise your awareness of why your marketing and sales tactics might not be working, or working as well as desired. One of the biggest reasons is typically a lack of a defined guest persona. So let's get into the details of the ...
Pebblebrook Hotel Trust Reports First Quarter 2016 Net Income of $6.6 million, Compared to $0.7 million in the Year Ago Quarter
Pebblebrook Hotel Trust | April 28, 2016
Same-Property EBITDA Increased 15.2 Percent; Same-Property RevPAR Increased 8.0 Percent; Adjusted EBITDA Rose 44.8 Percent; Adjusted FFO Per Diluted Share Climbed 64.7 Percent BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the first quarter ended March 31, 2016. The Company's results include the following: First Quarter 2016 2015 ($ in millions except per share and RevPAR data) Net income to common shareholders $6.6 $0.7 Net income per diluted share $0.09 $0.01 Same-Property RevPAR(1) $195.01 $180.50 Same-Property RevPAR growth rate 8.0% Same-Property EBITDA(1) $62.0 $53.8 Same-Property EB...
HFTP via HITEC Helps Commits to Donation to the Children’s Hospital of New Orleans
HITEC | April 26, 2016
HITEC 2016 attendees and exhibitors to work together to provide for the Children's Hospital of New Orleans AUSTIN, TEXAS (April 26, 2016) — Attendees and exhibitors at the 2016 Hospitality Industry Technology Exposition and Conference (HITEC®) in New Orleans, La. will have a chance to give back to the local community via HITEC Helps, the event's annual social responsibility project. This year at the HITEC closing keynote, a station will be set up for participants to fill attendee bags with all-ages arts and crafts supplies to be donated to patients at the Children's Hospital of New Orleans. HITEC, produced by Hospitali...
Hotel Equities Selected to Operate New Fairfield Inn & Suites in Scottsbluff, Nebraska
Hotel Equities | April 25, 2016
Atlanta, GA–April 25, 2016– Atlanta-based Hotel Equities recently announced its selection as the management firm for the new-build Fairfield Inn & Suites by Marriott at 902 Winter Creek Drive in Scottsbluff, Nebraska. Opened in late March, the hotel welcomes business travelers and tourists visiting the tristate area of Nebraska, Wyoming and Colorado. It is easily reached by air from Denver, Colorado; Cheyenne, Wyoming and Rapid City, South Dakota. "We are excited to expand our management portfolio with the addition of our first property in the state of Nebraska," said Joe Reardon, Sr. Vice President of Marketing and Busi...
HITEC 2016 Exhibit Space Sold Out
HITEC | April 25, 2016
AUSTIN, TEXAS, USA (April 25, 2016) – Exhibit space for the 2016 Hospitality Industry Technology Exposition and Conference (HITEC®), a service of Hospitality Financial and Technology Professionals (HFTP®), is sold out. A waiting list is available on a first-come, first-served basis for booth space. HITEC 2016 is June 20-23 at the Ernest N. Morial Convention Center in New Orleans, La. USA. HITEC 2016 is the world's largest hospitality technology exposition and conference with over 379 companies and 869 booths occupying this year's show floor. It offers a unique combination of top-notch hospitality technology education, ...
Paramount Lodging Advisors Successfully Advises On Another New England Hotel
Paramount Lodging Advisors | April 19, 2016
CHICAGO, IL – Paramount Lodging Advisors (PLA) has completed the sale of the Hawthorn Suites by Wyndham. The 129-room extended stay property is located at 246 Daniel Webster Highway in Merrimack, New Hampshire. PLA Managing Directors Bennett Webster and Brent Clemens arranged the transaction. "We're pleased to get this one over the finish line and also with our continued success in the market. The trade follows our recent success on a four hotel Boston area portfolio and our work in the Connecticut I-95 corridor," noted PLA's Webster. "Similar to our other New England hotel transactions, there was a significant amount of interest ...
