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
Hotel Finance: Sign Up Today for Meet the Money 2024!
Jim Butler | January 16, 2024
Early Bird registration is now available for Meet the Money® 2024. Click here to register with a $200 discount off the regular rate of $1,495. Meet the Money® 2024 will be May 6-8, 2024 at the Marriott Los Angeles Airport hotel. More information is available on www.MeetTheMoney.com. Register now to secure your spot for the hospitality industry conference focused on 2024 hotel finance, investment, and deal-making. About Meet the Money® For 30 years, Meet the Money® has created an energetic environment to forge relationships, negotiate deals, and gain an in-depth understanding of hotel investment and finance. Our national ...
BluHost Taking Hospitality Financial Management Seriously With New Accounting System Upgrade
Aptech Computer Systems Inc. | January 16, 2024
Puerto Rico based hospitality management company hails PVNG from Aptech for its cloud-based reporting capabilities, remote access for staff, and responsive customer service PITTSBURGH, January 16, 2024 – BluHost is entering 2024 with a new enterprise accounting solution backing its portfolio of select service and ultra-luxury hotels and a mix of fine dining to casual restaurants. José M. Suárez, president and CEO of the Puerto Rico based hospitality management company, selected PVNG by Aptech because of past positive experiences with the company. “When BluHost was founded, it began looking for a unified financial system that cou...
Shamal Holding Breaks Ground on Exclusive Baccarat Hotel and Residences Dubai
Shamal Holding | January 15, 2024
New exclusive lifestyle luxury mixed-use development, opening in 2026, set to deliver a new standard of elevated living experience Project will be led by renowned Dubai developer H&H Development alongside award-winning architects Studio Libeskind and interior design studio 1508 London Originating from New York, the development will be the first Baccarat Hotel and Residences in the UAE DUBAI, UAE, Jan. 15, 2024 -- In an exclusive ground-breaking ceremony, Shamal Holding, a diversified investment firm which manages a unique portfolio of investments, assets and experiences, has inaugurated the start of construction for the highly an...
IHG Hotels & Resorts, Pelligra Group and ONE7 To Elevate Adelaide Hotel to Crowne Plaza Mawson Lakes
IHG | January 15, 2024
Sydney, Australia, Monday 15 January 2024: IHG Hotels & Resorts, Pelligra Group and ONE7 are excited to announce the elevated positioning of their upcoming hotel in Adelaide which is slated to open its doors in 2024. Originally announced as a 130-room Holiday Inn & Suites, the Mawson Lakes property in Adelaide has undergone a transformation during the development phase and is now positioned in the upscale space, with higher than anticipated demand coming from corporate, leisure and conference and event customers. The decision has therefore been made to elevate and rebrand the hotel as Crowne Plaza Mawson Lakes, reflecting the ...
IHG Expands Portfolio in Saudi Arabia With Signing of Hotel Indigo Abha
IHG | January 15, 2024
Set to open in December 2025, the new-build boutique hotel will feature 110 rooms. Abha, Saudi Arabia, 15 January 2024: IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a franchise agreement for a new-build boutique hotel, Hotel Indigo Abha, in partnership with Firdous Abha Hotel Holding Company and under the management of Aleph Hospitality. The strategic signing underscores IHG’s commitment to expanding its Luxury & Lifestyle portfolio of hotels and elevating hospitality offering for the growing tourism sector in the Kingdom. Part of the IHG Luxury & Lifestyle portfolio, Hot...
Hospitality Financial Leadership – How to Properly Record Packages in Your Hotel
David Lund | January 15, 2024
By David Lund Packages are, on the one hand, straightforward. They are a well-established offering in most hotels, customers love them, and they are not going away. On the other hand, most hoteliers are at a loss to properly set up and manage the transactions so that they do not end up with a mess in their books and systems. That is what this piece is about: How to properly administer these seemingly complicated and unruly devices. First: Pricing aspect Packages are a combination of a room and at least one other component, like a bed and breakfast package. They can also combine many items like we see in a romance package: room, meals, ro...
U.S. Select-Service and Extended-Stay Hotel Outlook 2024
JLL | January 12, 2024
In the early 2000s, select-service and extended-stay hotels operated as more clearly defined sectors, differentiated by their target market and length of stays. During this period, individual owners dominated the market with only a handful of prominent brands available. However, in recent years, the distinctions between select-service and extended-stay hotels have become increasingly blurred. Select-service hotels now incorporate extended-stay amenities including in-room kitchenettes and flexible workspaces, while extended-stay hotels have added business centers with more of its brands incorporating 24/7 self-service marketplaces as see...
Global Travel and Tourism Sector Deal Activity Plunges 31.9% in 2023, Finds GlobalData
GlobalData | January 11, 2024
Global travel and tourism sector witnessed the announcement of a total of 723 deals (mergers & acquisitions (M&A), private equity (PE), and venture capital (VC)) during 2023, a decline of 31.9% compared to the 1,062 deals announced during the previous year, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database reveals that all the deal types under the coverage witnessed notable decline in volume during 2023 compared to the previous year. While the volume for M&A deals fell by 32.8%, the number of PE and VC deals were down by 40% and 27.9%, respectively, during 2023 c...
Hilton Unveils Name for New Long-Stay Brand: LivSmart Studios by Hilton
Hilton | January 9, 2024
Built to accommodate guest stays of 20 nights or more, the lower midscale, extended‑stay solution already has more than 350 deals in various stages of negotiation MCLEAN, Va. – Hilton (NYSE: HLT) today announced LivSmart Studios by Hilton as the official name of its new studio apartment-style, extended-stay hotel brand. Created for the long-stay guest who never stopped traveling, even throughout the pandemic, LivSmart Studios has received tremendous interest from owners and developers in just six months and currently boasts more than 350 deals in various stages of negotiation. In fact, construction in Kokomo, Ind. broke ground less...
IHG Partners With Rusd Group to Open voco & Suites Jeddah in Saudi Arabia
IHG | January 9, 2024
Building on the success of the brand in the region, the 110-key new-build hotel will open its doors in 2024, offering a world-class hospitality experience to guests visiting the city Jeddah, Saudi Arabia, 9th January 2024 – IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement to open voco & Suites Jeddah, in partnership with Rusd Group. With project currently in advance stages of construction, the new built hotel is set to open its doors in September 2024. The latest signing in Saudi Arabia underscores IHG’s commitment to further strengthen its presence across t...
Rentyl Resorts Partners With New Luxury Hotel Brand to Develop and Manage an Upscale Historic Hotel on Miami Beach
Rentyl Resorts | January 8, 2024
MIAMI BEACH/ORLANDO, Fla. -- Rentyl Resorts proudly announces its collaboration with DaVinci Hospitality Group and Ferrari Group to brand and manage a new, cutting-edge boutique hotel at 2814 Collins Avenue, Miami Beach. This partnership unites Rentyl’s expertise in creating authentic, extraordinary experiences with DaVinci Hospitality’s proven success in developing captivating properties. “We are delighted to work with DaVinci Hospitality Group,” said Nicholas Falcone, CEO of Rentyl Resorts. “This venture aligns perfectly with our goal of providing a unique Miami Beach experience at a vibrant condo hotel.” Set for transformati...
Marriott Signs Agreement to Bring the Ritz-Carlton and Marriott Marquis to China National Convention Center in Beijing
Marriott International | January 3, 2024
Marriott International, Inc., recently announced that it has signed an agreement with Beijing North Star Company Limited to open the third The Ritz-Carlton and the first Marriott Marquis Hotel in Beijing. Expected to open in 2026, The Ritz-Carlton Beijing, North will provide its legendary service and elegant design to travelers in and abroad, while Beijing Marriott Marquis Hotel will deliver a perfect blend of heartfelt service and modern style at China National Convention Center Phase II, a large complex with hotels, retails, offices, leisure facilities, and spacious venues for high-level conferences, exhibitions, and events. "We are exci...
Hard Rock International Breaks Ground on Hard Rock Hotel & Casino Athens in Greece
Hard Rock | December 22, 2023
ATHENS, Greece, Dec. 22, 2023 -- Today, Hard Rock International, GEK TERNA Group and the Athens community celebrated the groundbreaking of the luxury resort and Casino in the heart of the Athens Rivera. The groundbreaking event featured a commemorative shovel celebration at the historical Hellinikon Airport. The ceremony to follow was conducted at the Hellinikon Experience Center and included the Hard Rock International executives, GEK TERNA Group executives, Greek government officials, political dignitaries and local community leaders. Hard Rock Hotel & Casino Athens will be the first integrated resort of its kind in continen...
Six Senses Wadi Safar Project Launched by Diriyah Company in Saudi Arabia
IHG Hotels & Resorts | December 22, 2023
BANGKOK – December 22, 2023 – When the Diriyah Company announced a unique giga-project with distinctive cultural, historical, and tourism landmarks, it invited international partners to come together and construct a new legacy for Saudi Arabia. Six Senses will help bring this to life through a new hotel in Wadi Safar, which lies just west of Diriyah and northwest of Riyadh. “As the Kingdom evolves and opens to tourism, it is garnering strong interest among international visitors to explore its heritage sites and outstanding natural beauty,” said Chief Executive Officer of Six Senses Neil Jacobs. “We are excited to be working close...
Holladay Properties Launches Development for Tempo by Hilton Hotel at Farm Brew LIVE! Campus in Manassas, Virginia
Holladay Properties | December 22, 2023
MANASSAS, Va., Dec. 22, 2023 -- Holladay Properties, a leading commercial real estate development company, has officially announced an exciting new hotel project - the Tempo by Hilton - coming to the popular Farm Brew LIVE! Campus in Manassas, VA. In a strategic joint partnership with Villagio Hospitality Group, Holladay will develop this innovative hotel concept from Hilton that is poised to redefine the hospitality experience. Scheduled to open in mid 2025, the Tempo by Hilton will feature an open lobby design, multi-functional spaces for relaxation, work and dining, as well as premium food and beverage outlets. "We are thrilled to ...
Hotel Okura Suzhou to Open in 2027 in China’s Jiangsu Province
Hotel Okura Co., Ltd. | December 22, 2023
New hotel to open in Suzhou, the economic driver of China's Jiangsu Province TOKYO--Hotel Okura Co., Ltd. is pleased to announce that it has signed an agreement to operate and manage Hotel Okura Suzhou in Suzhou, China from 2027. The agreement with Suzhou Ronghe Real Estate Co., Ltd., which is owned by Suzhou Harmony Development Group Co., Ltd., Marimo Holdings, Inc. and Sumitomo Corporation, was signed on December 20. Suzhou, located in southeastern Jiangsu Province, has developed as an economic center due to its geographical proximity to Shanghai. Blessed with a picturesque "old-town" center, Suzhou (the "Venice of the East") is ...
Radisson Collection Brand to Strengthen Portfolio of Luxury Lifestyle Hotels and Resorts in 2024
Radisson Hotel Group | December 21, 2023
Radisson Hotel Group has seen rapid growth of the Radisson Collection brand since its launch in 2018 as a luxury lifestyle brand of individual hotels with distinct character. By the end of 2023, the Radisson Collection brand portfolio will encompass 35 hotels in operation and 24 under development globally, offering over 7000 guest rooms and suites. The Radisson Collection brand has developed as a hallmark of iconic hotels in unique locations, representing both famed heritage hotels and new properties. The collection of hotels united under the Radisson Collection brand occupy sought-after locations at dynamic destinations in Europe, the A...
Four Seasons and Fungseng Prosperity Holdings Limited to Open Four Seasons Hotel Shanghai
Four Seasons | December 21, 2023
Combining Shanghai's historic charm and urban flair, the new Four Seasons Hotel will offer a distinct luxury hospitality experience with modern design, dynamic culinary concepts and resort-style amenities throughout TORONTO, Dec. 21, 2023 -- Four Seasons together with Fungseng Prosperity Holdings Limited have announced plans for a new hotel in Shanghai, marking a new chapter of growth for the luxury hospitality company in one of China's most important cities. Four Seasons Hotel Shanghai will soar 44 storeys high with 160 luxuriously appointed rooms and suites, anticipated to welcome guests in 2027. Located along the iconic Hu...
Accor and Mardi Holding Launch Development for a New Mercure in Batumi, Georgia
ACCOR | December 21, 2023
Accor, a world leading hospitality group, announces the signing of a cooperation agreement with the Georgian development company Mardi Holding to open a new Mercure on the Black Sea coast in Batumi, Georgia. The hotel will deliver the ultimate in customer service, wellness, gastronomy and leisure, as well as additional benefits thanks to the global loyalty program ALL - Accor Live Limitless. “We are delighted to announce our new signing in Georgia and the future premiere of Mercure brand in Batumi recognized as Europe's leading all-season destination 2023 at the tourism “Oscar”, World Travel Awards, for the third time. We are confide...
ONYX Hospitality Group Unveils Expansion for ‘Shama’ Brand Across Thailand, Malaysia, China, and Hong Kong
ONYX Hospitality Group | December 21, 2023
London, December 2023 – ONYX Hospitality Group, the prominent management company in Southeast Asia, is expanding its renowned serviced apartment brand, Shama, with five new properties across Asia. The company recognises the increasing demand for serviced apartments, particularly in the post-pandemic era, and is confident that these new additions will meet the needs of business, leisure, and the growing segment of ‘Bleisure’ travellers. The Shama brand is renowned for its commitment to providing contemporary, stylish, and spacious serviced apartments. Acknowledging and responding to the popularity of serviced apartments for both long ...
Oetker Collection Launches Restoration with Plans to Open The Vineta Hotel, Palm Beach in Autumn 2024
Oetker Collection | December 21, 2023
Palm Beach, California - December 21, 2023 -Uniting once again with owner-partners, Reuben Brothers – following the success of the opening of Hotel La Palma in Capri this summer – Oetker Collection is taking its famed European hospitality to the U.S. for the first time, to open The Vineta Hotel in Palm Beach next autumn. Steeped in the elegance of bygone times, The Vineta Hotel stands as testament to history and opulence, where the walls whisper of glamorous tête-à-têtes past. This glittering new hotel takes root in the heart of Palm Beach just two blocks off Worth Avenue – a landmark destination renowned for its designer bouti...
Hilton Signs First Tru by Hilton Hotel in Argentina With Argenway
Hilton | December 19, 2023
The game‑changing hotel brand continues its global expansion to 10 countries with the signing of Tru by Hilton Bariloche MCLEAN, Va. and BUENOS AIRES, Argentina – In a year of continued growth, Hilton’s (NYSE: HLT) innovative hotel brand, Tru by Hilton, announces the signing of Tru by Hilton Bariloche. Slated to open in 2027 in Patagonia, one of Argentina’s most exciting destinations, Tru by Hilton Bariloche will represent another market first for the fast-growing, game-changing brand and marks its 10th country with supply and pipeline locations. Located in the scenic village of San Carlos de Bariloche close to the Civic Center a...
IHG Partners With Square Nine Estate Developers to Debut Holiday Inn Express Brand in Islamabad, Pakistan
IHG | December 19, 2023
Set to open in 2026, Holiday Inn Express & Suites, The Avenue, Islamabad will add to IHG’s developing presence in the country Dubai, United Arab Emirates, 19 December 2023: IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a franchise agreement for its first Holiday Inn Express & Suites hotel, in Islamabad — in partnership with Square Nine Estate Developers Pvt. Ltd., a prominent real estate organisation in Pakistan. Scheduled for a 2026 opening, the hotel reaffirms IHG’s strategic commitment to expand its presence in key international markets, in line with market demands. ...
Hard Rock and the Tejon Indian Tribe Celebrate the Groundbreaking of Hard Rock Hotel & Casino Tejon
Tejon Indian Tribe | December 18, 2023
METTLER, Calif., Dec. 18, 2023 -- Hard Rock International and the Tejon Indian Tribe celebrated the groundbreaking of the long-awaited hotel and casino located at Hwy. 166 and Sabodan Road West of the community of Mettler, California on Tejon Tribal land. The celebration featured a commemorative shovel groundbreaking with Hard Rock representatives, Tejon Indian Tribe leadership and general membership plus statewide and local community leaders. "This is an exciting day for the state of California, Kern County and the Tejon Indian Tribe," said Octavio Escobedo, III Chair of the Tejon Indian Tribe. "This groundbreaking is a symbolic cer...
