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
PortAventura Selects Duetto’s GameChanger Solution
Duetto | November 23, 2015
Duetto Brings Game-Changing Loyalty and Integrated Resort Pricing Capabilities to more than 2,000 Rooms at Five Hotels at Europe's Largest Destination Resort, Including the Much Anticipated "Ferrari Land" London, November 23, 2015 -- Duetto, the market leader in hotel and casino profit optimization technology, announced that PortAventura will implement its GameChanger solution, bringing new loyalty, forecasting and price optimization capabilities to five resort hotels outside Barcelona, including at the soon to be opened Ferrari Land theme park. Under the agreement, GameChanger will come to PortAventura's Hotel Gold River, Hotel Mansio...
IHG Appoints Jonathan Lund Regional Vice President, Canada Franchise Performance Support
IHG | November 18, 2015
TORONTO – InterContinental Hotels Group (IHG), one of the world's leading hotel companies, announces the appointment of Jonathan Lund as Regional Vice President, Canada Franchise Performance Support. In this role, Jonathan oversees the operations of IHG's 165 franchised hotels across Canada to deliver exceptional results for owners. Jolyon Bulley, Chief Operating Officer, The Americas, IHG said: "We are delighted to welcome Jonathan to IHG. With his 30-plus years of experience in the hospitality industry, including 20 years working at IHG-managed hotels, Jonathan is well positioned to help our franchised hotels continue to succeed...
Haiti’s Habitation Jouissant to Undergo Renovation & Conversion to Marriott’s Autograph Collection
Autograph Collection Hotels | November 18, 2015
Global Lifestyle Brand to Transform Historic Residence into New Hotel Cap-Hatien, Haiti – November 18, 2015 – Autograph Collection Hotels, Marriott International's exclusive portfolio of properties recognized for celebrating individuality, will add The Habitation Jouissant – a boutique hotel located in Cap-Hatien, Haiti – to its impressive global portfolio in the fourth quarter of 2017. The property, located in Haiti's second largest city and situated on the country's northern coast, will be Autograph Collection's third hotel in the Caribbean and will proudly serve as Marriott International's second property in H...
Hotel AG Announces Year End and 1st Quarter Closings
Hotel AG | November 16, 2015
ATLANTA – November 16, 2015 – Hotel AG announced today their year end and 1st quarter closings. The firm currently has 71 hotels under sale agreement totaling $974 million with expected closings over the next several months. The brands under agreement include: 14 Hamptons, 7 Courtyards, 7 Hilton Garden Inns, 6 SpringHill Suites, 8 TownePlace Suites, 1 full service Marriott, 1 Hyatt, 1 Homewood, 3 Holiday brands, 3 Fairfield Inns, 1 Staybridge, 6 Choice flags, 5 independents and 8 other branded assets. H. Keith Thompson, principle of the firm, remarked, "We call this period in the cycle the race for capital. For the Hote...
Assila Investments and Shangri-La Sign Contract for Management of Shangri-La Hotel, Jeddah
Shangri-La Hotels and Resorts | November 16, 2015
BEIJING, Nov. 16, 2015 -- Shangri-La International Hotel Management Limited and Assila Investments today signed a contract for the management and operation of a 236-room hotel and serviced residences development in Jeddah, the second-largest city in Saudi Arabia and the principle gateway to Mecca. Slated to open in early 2018 Shangri-La Hotel, Jeddah will be the first Shangri-La in Saudi Arabia and an iconic landmark in the Middle East. Shangri-La Hotel, Jeddah will be housed in a prominent 65-storey development located on Jeddah Corniche Road facing the Red Sea. The group will also manage and provide services to the 122 apartments that...
Massport Issues RFQ for the Summer Street Development Project in the Seaport District of Boston, MA
Massport | November 12, 2015
Massachusetts Port Authority (Massport) seeks to qualify developers with exceptional experience and capability to develop a signature mixed-use commercial development project on a Massport-owned parcel in the South Boston Waterfront District. The Summer Street Development Project, located on Summer Street in Boston's vibrant Seaport District, must include a hotel of 250 rooms or more, street‐level retail opportunities, and a mixed-use development program which fully maximizes the development potential of the site at an appropriate development density. In addition to the required hotel, Massport seeks other complementary, non-hotel use...
HFTP CEO, Frank Wolfe, CAE Discusses Global Hospitality Technology Trends at CHTA Global Conference
HFTP | November 12, 2015
AUSTIN, TEXAS (November 12, 2015) — This week Hospitality Financial and Technology Professionals (HFTP®) CEO Frank Wolfe addressed more than 125 CEO/CIO/COO from global hotel groups at the 2015 CHTA Global Conference, November 11 – 13 in Macau. Wolfe shared his expertise on global hospitality technology trends. As a member of the advisory council for HFTP's Hospitality Industry Technology Exposition and Conference (HITEC), the world's largest hospitality technology event, Wolfe is in tune with the most current hot topics in the industry. Joining Wolfe, was Sunny Wang, executive director of the HFTP Asia Research Center. ...
Hotel Equities to Manage Hampton Inn by Hilton in Panama City, Florida
Hotel Equities | November 12, 2015
Atlanta, GA–November 12, 2015 – Atlanta-based Hotel Equities announced its selection as the management company for the Hampton Inn by Hilton in Panama City, Florida. Conveniently located near the Panama City Mall, the hotel is situated in the heart of the business district at 2338 Mercedes Avenue within minutes of some of the world's most beautiful beaches in Panama City Beach, Florida. With this addition in Panama City, Hotel Equities expands its portfolio of over 10 hotels in the Florida panhandle. "Florida is an important state for us and we've been fortunate to achieve strong growth in the panhandle area with additional ...
Flip.to Boosts Revenue and Direct Bookings for Platinum Hotel with Revenue and Marketing Strategy
Flip.to | November 9, 2015
Advocacy platform sparks results; hotel and guests both win ORLANDO, FL — November 09, 2015 — Flip.to, the advocacy platform for hotels, has increased direct bookings and captured added revenue for Platinum Hotel, an all-suite property located in Las Vegas, Nevada. Flip.to tapped into the right demographic for the hotel and spa—a non-smoking, non-gaming retreat, just a few blocks off of the main strip. Designed to earn new guests by way of the warm introductions of their existing guests, Flip.to's advocacy platform extends the hotel's reach to a massive and highly targeted audience of potential future guests in an auth...
Now is the Time for Innovation, Say Hospitality Leaders at Europe’s First Revenue Strategy Forum
Duetto | November 9, 2015
Hosted by Duetto, Revenue Strategy Seen as a Key to Hotel Profitability in Today's Dynamic Marketplace London, November 9, 2015 - As the international travel community gathered at the World Travel Market just a few miles away, hospitality innovators and brand executives from companies such as Starwood Capital, Wyndham and IHG met at Shoreditch's Ace Hotel for a spirited discussion and networking focused on how hotels can create value in a rapidly evolving marketplace. The occasion was Europe's first Revenue Strategy Forum, a thought leadership event organized by Duetto, the market leader in hotel profit optimization technology. Particip...
IHG Issues Statement Regarding Press Speculation on Potential Sale or Merger
IHG | November 6, 2015
Following recent market speculation, the Board of Directors of IHG states that it is not considering a potential sale or merger of the company. ...
Above All Development and Hotel Equities Open New Home2 Suites by Hilton St. Louis
Hotel Equities | November 4, 2015
Atlanta, GA–November 4, 2015 – Atlanta-based Hotel Equities recently held a Grand Opening and Ribbon Cutting for the new 106-room Home2 Suites by Hilton hotel in St. Louis/Forest Park, Missouri. Hotel Equities serves as the management company for the hotel with Amanda Michael as General Manager and Carron Bean as Director of Sales. It is the first Home2 Suites by Hilton in Missouri. The Above All Development group of St. Louis, Missouri developed the property at 920 South Taylor Avenue, in the Forest Park Southeast neighborhood. Principals of the Above All Development group include Stan McCurdy, Bryan Aston, Jeff McCurdy and...
Hotel Financing In Four Practices
Larry Mogelonsky | November 4, 2015
By Larry Mogelonsky, MBA, P. Eng. (www.lma.ca) There are many ways to assess and categorize the strengths and weaknesses of a hospitality business. Allow me to present a slightly different and holistic way of organizing how you approach the daunting task of where to allocate funds for the next cycle. For one, we tend to drill down to the minutia of a venture. I am confident that any GM knows the intimate details of the variable cost of each amenity, the labor costs at the front desk or even the number of yards of drapery fabric required per room for an upcoming renovation. After all, it's our business to know such detailed metrics, and ...
Q3 2015 Financial Reports Round Up: Marriott, MGM, Host, & Hersha
October 29, 2015
Marriott International Reports Third Quarter 2015 Net Income of $210 million, a 9% Increase Over 2014 Third Quarter Income. Systemwide RevPAR Rose 4.5% in the Third Quarter. HIGHLIGHTS Third quarter diluted EPS totaled $0.78, a 20 percent increase over prior year results; On a constant dollar basis, worldwide comparable systemwide RevPAR rose 4.5 percent in the third quarter; North American comparable systemwide constant dollar RevPAR rose 4.2 percent in the third quarter; Marriott repurchased 9.8 million shares of the company's common stock for $702 million during the third quarter. Year-to-date through October 28, the company...
Q3 2015 Financial Reports Round Up: Hilton and Starwood
October 28, 2015
Hilton Worldwide reports third quarter 2015 net income of $279 million, an increase of $96 million from the same period in 2014. System-wide comparable RevPAR increased 5.8 percent. Highlights include: EPS, adjusted for special items, for the third quarter was $0.23, a 28 percent increase from the same period in 2014; without adjustments, EPS was $0.28 Net income attributable to Hilton stockholders for the third quarter was $279 million, an increase of $96 million from the same period in 2014 Adjusted EBITDA for the third quarter increased 13 percent from the same period in 2014 to $758 million, and Adjusted EBITDA margin increased ...
HFTP Showcases Another Successful Year
HFTP | October 28, 2015
AUSTIN, TEXAS, USA (October 28, 2015) – Over 560 Hospitality Financial and Technology Professionals (HFTP®) members and other hospitality industry professionals recently gathered for HFTP's 63rd Annual Convention & Tradeshow. The convention was held October 21 – 24 at the Hyatt Regency Bellevue in Bellevue, Wash. USA. Attendees celebrated the association's successful year with a convention full of topic focused education sessions, multiple networking opportunities and access to leading industry suppliers at the trade show. The education sessions presented a spectrum of crucial concepts and trends from top ind...
HFTP Launches Hospitality Industry Specific Search Site: Pineapplesearch.com
HFTP | October 26, 2015
Austin, Texas USA (October 26, 2015) — The hospitality industry has a new, valuable resource in the just launched Pineapplesearch.com. Produced by Hospitality Financial and Technology Professionals (HFTP), and powered by hsyndicate, the site is an aggregated content destination that focuses on news, articles and reports of primary interest to the hospitality industry, with priority placed on information-based results. The site is a super-charged resource, with numerous functionalities to help customize a hospitality-specific search. "There are multiple channels for locating information in our connected world, but it is actually a ...
HFTP Establishes Agnes DeFranco, Ed.D., CHAE Scholarship at the University of Houston
HFTP | October 26, 2015
October 26, 2015 (Austin, Texas USA) – In continuance of its fundamental mission to support hospitality-focused education, Hospitality Financial and Technology Professionals (HFTP) has announced the creation of the Agnes DeFranco, Ed.D., CHAE Scholarship. The scholarship, named in honor of DeFranco an HFTP Global Past President, resides at the Conrad N. Hilton College of Hotel and Restaurant Management at the University of Houston. To seed the scholarship, HFTP is donating US$25,000, which will be matched 100 percent by the Conrad N. Hilton Foundation. "The success of the hospitality industry is largely dependent on the talent of ...
HFTP to be the Founding Association Sponsor of UCF’s Center for Innovation in Hospitality Technology
HFTP | October 26, 2015
October 26, 2015 (Austin, Texas USA) – Hospitality Financial and Technology Professionals (HFTP) announced today that it will be the founding association sponsor of the Center For Innovation in Hospitality Technology (CIHT) at the University of Central Florida's Rosen College of Hospitality Management. Currently in development, the CIHT will be a hub of product demonstration and testing, research, professional training and innovative education to advance the hospitality industry. It will link classroom learning to real-life experience, and extend high quality education and training to students and professionals worldwide. In addit...
Pebblebrook Hotel Trust Reports 3rd Qtr. 2015 Net Income of $31.6M Compared to $23.7M in 2014
Pebblebrook Hotel Trust | October 23, 2015
BETHESDA, Md.-- Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the third quarter ended September 30, 2015. The Company's results include the following: (1) See tables later in this press release for a description of same-property information and reconciliations from net income (loss) to non-GAAP financial measures, including Earnings Before Interest, Taxes, Depreciation and Amortization ("EBITDA"), Adjusted EBITDA, Funds from Operations ("FFO"), FFO per share, Adjusted FFO and Adjusted FFO per share. For the details as to which hotels are included in Same-Property Revenue Per Availabl...
HSMAI Foundation Releases Publication on the Evolution of Hotel Sales
HSMAI Foundation | October 22, 2015
Research Finds Expanded Skill Sets are Essential to Hotel Sales Professionals of the Future McLean, VA (October 22, 2015) – The Hospitality Sales and Marketing Association International (HSMAI) Foundation today released a new research publication entitled, "The Evolution of Sales: Perspectives and Realities Defining the Modern Sales Professional." The report explores the challenges facing hotel sales today, including the way organizations and individuals think about the sales process, sales management and the sales professionals, and highlights the need for the hospitality industry to change perspective. The report, authored by La...
New York City #1 Reports Lodging Econometrics
Lodging Econometrics | October 22, 2015
OCT. 22, 2015 - PORTSMOUTH, NH Lodging Econometrics reports that New York City continues to have the largest construction Pipeline of any market in the world with 210 Projects/33,875 Rooms. New York is forecast to open a total of 38 hotels with 5,505 rooms in 2015. The city will have twice as many hotel openings this year than any other market in the U.S. but, interestingly, fewer openings than at least seven markets in China. According to the current forecast, New York is scheduled to open another 59 hotels and 7,986 rooms in 2016 and in 2017 is predicted to open 39 hotels with 6,527 rooms. ...
InterContinental Hotels Group Reports Third Quarter Interim Management Statement
IHG | October 20, 2015
Highlights Global Q3 comparable RevPAR up 4.8%1, led by rate up 3.6%. Expanded our global scale: net system size of 727k rooms, up 4.3% year on year (2.7% excluding Kimpton); 16k rooms signed into our 218k room pipeline, highest Q3 hotel signings since 2008. Strengthened the position of our preferred brands, in particular opening more Holiday Inn rooms in the period than ever before. Completed the sale of InterContinental Hong Kong, for proceeds of $929m2. Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We delivered strong RevPAR growth of 4.8% in the third quarter, driven by rate up 3.6%, and conti...
Duetto Partners with ReviewPro Integrating its Global Review Index™ (GRI) Data
Duetto | October 15, 2015
Expanded Partnership Helps Hotels Optimize Revenues by Benchmarking Online Reputation Vs. Competitors New York, October 15, 2015 – Duetto, the market leader in hotel profit optimization technology, announced that it has fully integrated ReviewPro's Global Review IndexTM (GRI) data into its dashboard, helping Duetto's customers by benchmarking reputation performance against their competitive sets. The partnership adds GRI's advanced reputation analytics to Duetto's tools for helping hotels fully optimize revenue and manage distribution complexity in today's rapidly changing online marketplace. "We're pleased to deepen our partners...
