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
HDP to Develop Mixed-Use Project with 132-key Hampton Inn & Suites Dunwoody/Perimeter Center in GA
Hotel Equities (HE) | September 3, 2014
To Be Managed by Hotel Equities ATLANTA, Ga. - (September 3, 2014) - Hotel Development Partners (HDP) announced the acquisition of a prime hotel site on Ashford Dunwoody Road near Perimeter Mall for the development of the 132-room Hampton Inn & Suites, which will be the latest urban prototype for this Hilton hotel brand. The reuse of the 3.6 acre former parking field at the Sterling Pointe office complex will create a desirable urban setting for the hotel and 25,600 SF of restaurants and retail. Corner Bakery marks the first of two restaurants to be included in the project that provides a unique destination and experience for the Pe...
Hotel Management Companies and Equity Contributions: Benefits and Risks
the Authors | August 27, 2014
by Todd Isenstadt and Hans Detlefsen Introduction Hotel financing takes different forms based on the capital requirements of the developer and the availability of alternative financing sources. These factors vary with the economic climate. Typically, hotel developers attempt to finance new hotel construction projects with a combination of debt and equity. Within these two general categories of capital, various sources may be required to fund the project. This article investigates the benefits and risks of seeking equity participation from hotel management companies. Financing Scenarios In today's lending environment, active hotel lender...
Start-Ups, Keep Your Eye On The Ball
Puzzle Partner | August 27, 2014
Puzzle Partner CEO Shares Insights To Help Technology Start-Ups Hit It Out of the Park By Alan E. Young, CEO and Co-Founder of Puzzle Partner Toronto, CA August 27, 2014 Last night I was out in the backyard throwing the ball with my 10-year-old son, and while he has the arm of Greg Maddux, he has some difficulty catching the ball. I instructed him to watch the ball all the way from my throw into his glove. I kept on telling him to keep his eye on the ball. Once he understood this concept; the balls stopped falling onto the ground and remained in his glove. Obviously, once he was catching fastballs, pop flys and almost anything I threw a...
City Approval Process Started for Hyatt House Hotel Austin
BuildCentral | August 25, 2014
Hotel-Online and BuildCentral Add/Update 287 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 25, 2014 - Hotel-Online and BuildCentral have added or updated 287 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Bella Rose Inn (Chandler , AZ) Stockyard Hotel (Fort Worth, TX) Embassy Suites (Ventura, CA) Wil...
Four Seasons Resort Orlando at Walt Disney World® Resort Implements InvoTech RFID Uniform System
Four Seasons Resort Orlando at Walt Disney World Resort | August 25, 2014
High-efficiency UHF-RFID Tags, Mobile Readers, Automated Garment Identification and Processes Eliminate Unaccounted Loss, Establish Accurate Laundry Accountability LOS ANGELES, CA - August 25, 2014 - InvoTech Systems, Inc. announced Four Seasons Resort Orlando at Walt Disney World® Resort has implemented the InvoTech UHF-RFID Uniform System to automate management of the property's more than 7,000 custom uniforms. The InvoTech Uniform System reduces labor expenses associated with manual handling and increases employee accountability with automated uniform tracking. The Orlando resort is the ninth Four Seasons resort that utilizes InvoTe...
HAMA Study Documents Growing Revenue Acquisition Costs Outpacing Hotel Revenue Growth
HAMA | August 20, 2014
BOSTON - - August 20, 2014 - Officials of the Hospitality Asset Managers Association ("HAMA") today announced the results of a multi-year study that demonstrates that revenue acquisition costs outpaced hotel revenue growth from 2009 through 2012. The results were presented in "The Rising Costs of Customer Acquisition," a white paper commissioned in late 2013. The white paper addresses an analysis of the financial results of more than 100 upper upscale and luxury hotels with brand affiliations. It specifically looks at both the external costs of brand allocations (for marketing, advertising, major promotions, national and global sales of...
IHG Appoints Jolyon Bulley as Chief Operating Officer for the Americas
IHG (InterContinental Hotels Group) | August 20, 2014
20 August, 2014 - ATLANTA, GA – InterContinental Hotels Group (IHG), one of the world's leading hotel companies, announces the appointment of Jolyon Bulley to the position of Americas Chief Operating Officer (COO). Jolyon will be responsible for leading the operations for IHG's portfolio of more than 3,600 hotels, as well as further strengthening IHG's existing franchisee relationships and developing new ones. He also will serve on the Americas Regional Executive Committee and be based at IHG's regional headquarters in Atlanta, Georgia. Jolyon is an experienced hotelier with over 30 years in the hospitality industry, and first started...
Hotel Equities Breaks Ground on 92-rooom Residence Inn by Marriott Lake Charles, LA
Hotel Equities | August 19, 2014
Atlanta, GA-August 19, 2014 - Atlanta-based Hotel Equities (www.hotelequities.com) broke ground recently on the 92-room Residence Inn by Marriott in Lake Charles, Louisiana. The new-build hotel will be located at1591 West Prien Road, beside the SpringHill Suites by Marriott, also managed by Hotel Equities. "We are happy to add a second property to our successful operation of the SpringHill Suites in the vibrant and growing Lake Charles market," said Joe Reardon, Vice President of Business Development for HE. "We are pleased to work with an ownership group who has such an entrepreneurial vision and a commitment to building another great ...
3 Things Hoteliers Must Budget for in 2015
Lodging Interactive | August 19, 2014
What every hotelier should consider and budget for in 2015 PARSIPPANY, N.J. - AUGUST 19, 2014 - Given recent trends, digital marketing is set to become a majority piece of the budget pie by 2019. In a world of increased mobile use and expectations of rapid online responses from properties and brands, hoteliers need to stay on trend with digital spending when planning their 2015 budget, ensuring three areas of web-based marketing are well addressed next year. 3 Things Hoteliers Must Budget for in 2015 Complete Online Reputation Management Managing your online reputation isn't as simple as monitoring what guests are saying on review sites...
US Pipeline Posts Double-Digit YOY Gains for 3rd Consecutive Quarter Reports Lodging Econometrics
Lodging Econometrics | August 18, 2014
The Construction Pipeline continued its upward momentum in Q2 14, posting a double-digit gain Year-Over-Year (YOY) for the third consecutive quarter. At Q2 14 the Pipeline stands at 3,311 Projects/ 421,387 Rooms, an increase of 17% by Projects and 20% by Rooms YOY. The Pipeline has been increasing for the past nine quarters off the bottom established in Q1 2012. Projects Under Construction are on a 12-quarter uptrend and are up a strong 50% by projects and 55% by rooms YOY. Increasing for eight quarters, projects Scheduled to Start Construction in the Next 12 Months are showing an increase of 21% by projects and 25% by rooms YOY and st...
Speakers and Topics Announced for the Second Annual Revenue Strategy Summit (RSS)
Duetto | August 18, 2014
October 16, 2014 at the Affinia Manhattan Powered by Duetto, RSS Anticipates More than 300 Participants to Focus on the Next Frontiers in Hotel Innovation New York, August 18, 2014 ... Duetto, Kalibri Labs and Silver Hospitality Group, LLC announced the speakers, and agenda, for the second annual Revenue Strategy Summit (RSS), a gathering of thought leaders and practitioners who will examine forces reshaping the hospitality industry and how marketing and technology must evolve to meet new demands. Scheduled for October 16th at the Affinia Manhattan, the full-day conference will feature industry leaders who will continue to articulate an...
Puzzle Partner Opens Doors for Travel and Hospitality Technology Start-Ups
Puzzle Partner | August 13, 2014
Full service start-up accelerator combines experience, strategy and execution to drive awareness, deliver leads and create partnerships to help businesses grow profitably Toronto, CA, - August 13, 2014 Puzzle Partner, an innovative consultancy firm, today announced the success of their recent initiatives focused on developing dramatic growth and marketing strategies for hospitality and travel technology start-ups. "We are very pleased by the interest in Puzzle Partner and the services that we offer," says Alan E. Young, CEO of Puzzle Partner. "The travel and hospitality technology start-up domain is full of great ideas and innovations....
Aptech Mobile GM Dashboards with STR Stats Give Operators Competitive Advantage
Aptech Computer Systems | August 13, 2014
"Total Mobility" Property Performance Data and Reports with STR Comparisons Help Highpointe Hotel Corp. GMs Make Better Decisions, Manage by the Numbers Anywhere Pittsburgh, PA - August 13, 2014 - "One of our GMs pulled out his company iPad while he was at a national hotel management conference last month. He wanted to check his property's labor and expense numbers for the previous day. The manager beside him at the table thought it was pretty cool; he'd never seen anything like it," said Mark Pate, assistant controller and IT manager for Highpointe Hotel Corporation. "All of our GMs use tablets and Execuvue Reports to be totally mobile...
New Educational Institute Case Study Walks Students through Accounting Tasks
the American Hotel & Lodging Educational Institute (AHLEI) | August 13, 2014
Orlando, Florida, August 2014-The American Hotel & Lodging Educational Institute (AHLEI) has published a new learning resource to help hospitality management students better understand the many ways accounting is used at a hotel property. SeaSpray Hotel: An Integrated Hospitality Accounting Case Study shows students how managers and department heads use managerial accounting concepts and techniques in the daily operation of a hotel. The case study was written by Gurprit S. Chhatwal and Jean Abbott, who teach at Richard Stockton College of New Jersey. The extended case study presents a narrative that follows newly-hired controller Sa...
Marriott Expanding Mobile Check-in and Checkout Services to Ten Additional Brands
Marriott International | August 12, 2014
BETHESDA, Md., Aug. 12, 2014 -- As part of its global mobile strategy, Marriott International, Inc. (NASDAQ:MAR) is announcing a significant expansion of the company's popular mobile check-in and checkout feature. Now, ten additional brands – The Ritz-Carlton, JW Marriott Hotels & Resorts, Renaissance Hotels, Autograph Collection, Courtyard, SpringHill Suites, Fairfield Inn & Suites, Residence Inn, TownePlace Suites and Marriott Executive Apartments* – are joining the nearly 500 properties of the company's flagship Marriott Hotels brand in providing mobile check-in and checkout to guests. With these latest additions, these s...
InvoTech UHF-RFID Uniform System Goes Live at Hard Rock Rocksino Northfield Park
Hard Rock Rocksino Northfield Park | August 12, 2014
Hard Rock Rocksino Northfield Park Installs InvoTech for Uniform Management and Control; System Eliminates Unaccounted Losses, Establishes Staff Responsibility LOS ANGELES, CA - August 12, 2014 - InvoTech Systems, Inc. announced Hard Rock Rocksino Northfield Park implemented the InvoTech UHF-RFID Uniform System to automate control and management of the property's 6,000-plus uniforms. The InvoTech Uniform System reduces labor expenses associated with manual handling and increases employee accountability with automated uniform tracking. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. Hard Rock Rocksino'...
Branding Negotiations Started for Alta Colorado Lodge and Resort
BuildCentral | August 11, 2014
Hotel-Online and BuildCentral Add/Update 257 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 11, 2014 - Hotel-Online and BuildCentral have added or updated 257 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: The Ashton Hotel (Fort Worth, TX) Manhattan West Hotel (New York, NY) Historic District Hotel (Ne...
Total Simulator Company Wins ICHRIE 2014 Industry Recognition Award
The Total Simulator Company | August 11, 2014
At the 2014 ICHRIE (International Council on Hotel, Restaurant & Institutional Education) Awards Ceremony in San Diego, The Total Simulator Company (TSC) was presented with the prestigious Industry Recognition Award. TSC produce industry leading simulation programs for the hospitality, restaurant and tourism industries. These simulations are licensed for educational use and also used to deliver industry training and events. TSC have developed the industry leading, HOTS hotel simulation program, which is used to teach hospitality students and industry professionals about hotel operations, revenue management, marketing, finance & ...
Destination Resorts Hawaii Announces Lindsey Dollahon Assistant Director of Sales
Destination Resorts Hawaii | August 8, 2014
Destination Resorts Hawaii by Destination Hotels & Resorts, one of the largest luxury vacation rental companies on Maui, hires Lindsey Dollahon as its assistant director of sales. Ms. Dollahon will be based in San Diego and is responsible for growing the leisure market focusing on high-end travel agents, wholesale and consortia partners. "Lindsey's industry knowledge and relationships will be a great asset to the team," said Donna Wheeler, director of sales and marketing at Destination Resorts Hawaii. "Our decision to have her work from the mainland is part of our overall strategy to enhance our brand awareness and be readily availa...
Hotel Equities Names Bert Haifley General Manager at Courtyard by Marriott Mall of Georgia
Hotel Equities | August 8, 2014
ATLANTA (August 8, 2014) - Atlanta-based Hotel Equities (HE) recently promoted Bert Haifley to the position of General Manager of the Courtyard by Marriott at the Mall of Georgia, north of Atlanta. He previously served as Task Force Manager across a number of brands in the firm's portfolio. As General Manager at one of the firm's key properties, Mr. Haifley has responsibility for the overall operation of the hotel including hiring, training and all of the metrics required to assure its success. "Bert has served in a variety of leadership positions across several key brands for our firm and he brings a wealth of experience to his new rol...
Hotel Asset Management Assoc. Offers Certified Hotel Asset Manager Certification to Overseas Members
HAMA | August 7, 2014
BOSTON, Mass., August 7, 20014-The Hotel Asset Management Association (HAMA) today announced that it now offers its Certified Hotel Asset Manager (CHAM) certification program to non-U.S. asset managers wishing to achieve the profession's equivalent of the Certified Public Accountant (CPA). HAMA recently approved two affiliate organizations, HAMA Europe and HAMA MEA, adding more than 100 new members to the global organization. Founded in the U.S. in 1992, HAMA also has affiliates in Asia Pacific and Japan. "The responsibilities of hotel asset managers are far more encompassing than they have ever been in past, and the position has rapidl...
Hotel Lawyer with FAQs about EB-5 Project Financing for New Hotel Development
Jim Butler | August 7, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 7 August 2014 Frequently Asked Questions about EB-5 project financing for new hotel development by Jim Butler and Jonathan Bloch Partners, Jeffer Mangels Butler & Mitchell LLP Why is there so much buzz about EB-5 financing? In the last five years, EB-5 financing has become extremely popular in development circles and is being widely used by mainstream, institutional players including government entities such as port authorities, major hotel brands like Marriott and Hilton, and some of the largest owners of hotels and restaurants. EB-5 fi...
IHG Reports 2014 Half Year Results
IHG | August 5, 2014
Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We have achieved a strong first half performance, with our preferred brands continuing to drive good momentum through the second quarter. With underlying operating profit2 up 6% and solid net system growth, our long-term winning strategy is delivering results. This has given us the confidence to increase the interim dividend by 9%. We have had our best half for signings4 in six years, underpinning our future growth prospects and demonstrating owners' preference for our brands. Openings included the first two EVEN Hotels in the US, a major milestone for this...
Twenty Four Seven Hotels Awarded California Management Contracts
Twenty Four Seven Hotels | August 4, 2014
Twenty Four Seven Hotels ("24-7 Hotels") a western regional hotel management company recently added two new contracts to its growing portfolio giving them eleven managed hotels totaling just under 1,500 rooms. The new additions in the last thirty days include the 100-room Comfort Suites in Ontario, CA, and the 139-room TownePlace Suites by Marriott in Anaheim, CA. Both hotels will be managed on behalf of the same investment group. "We began a relationship with this ownership group over a year ago and recently we've added two additional management contracts with the same owner" said David Wani, CEO of Twenty Four Seven Hotels. "When our ...
