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
HRI Lodging Selects Aptech Targetvue, Execuvue BI, and Accounting to Simplify Reporting at 17 Hotels
HRI Lodging | March 19, 2014
Why Aptech? HRI Cites Easy-to-Use Property Performance Reports, Automated Multi-Property and Multi-System Data Gathering, Cost Effective Hosted Implementation Pittsburgh, PA - March 19, 2014 - Aptech Computer Systems, Inc. announced HRI Lodging, LLC (HRIL) will install the Targetvue, Execuvue®, and Profitvue® systems for its 17 hotels. HRIL selected Aptech's systems to simplify property reporting, data collection, and budgeting/forecasting for its expanding portfolio. Aptech is the leading provider of hospitality software for business intelligence, budgeting and forecasting, and enterprise financial accounting. Aptech will host HRIL's...
Financial District Hotel in New York Seeks City Approval
BuildCentral | March 17, 2014
Hotel-Online and BuildCentral Add/Update 185 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. March 17, 2014 - Hotel-Online and BuildCentral have added or updated 185 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: 7th and Congress Hotel (Austin, TX) Westminster Hotel (Carlisle , PA) Red Lion Inn (Polson, MT) El...
One Hotel Closing Every Five Days
Hotel AG | March 17, 2014
ATLANTA - March 17, 2014 - Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the past 3 1/2 years. The firm has closed 26 hotel transactions over the past 18 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the northeast and along the eastern seaboard through the Midwest states. "2014 looks to be a strong transaction year for Hotel AG. Our client base has grown as well as the product type of current engagements. We have 16 portfolios on the mark...
Largest Casino Resort Destination In Minnesota Selects Rainmaker’s TribalREV®
Rainmaker | March 17, 2014
ATLANTA, GA - March 17, 2014 - The Rainmaker Group, a world leader in automated forecasting and profit optimization software and services for the Gaming & Hospitality industry, today announced that Mystic Lake Casino Hotel, in Prior Lake, Minn., will implement TribalREV®, Rainmaker's comprehensive revenue management software solution provided as a managed service. The two entities finalized the agreement in mid-January and the solution will be implemented in the first quarter of 2014. Billed as the largest casino resort destination in Minnesota, Mystic Lake offers 586 well-appointed guest rooms and suites, nearly 100 Blackjack tab...
California Hotel Portfolio Now on the Market
Trigild | March 13, 2014
SAN DIEGO, Calif. (March 13, 2014) – Acting as receiver, Trigild – a San Diego-based real estate firm specializing in property/asset management and fiduciary services – has announced that a portfolio of five franchised hotels in Valencia, Thousand Oaks and San Luis Obispo, Calif. is now for sale, and has tapped Irvine-based Atlas Hospitality Group to market and broker the properties. The portfolio has an estimated value of $100 million. According to Trigild chief financial officer Josh Hall, his firm is working closely with Atlas to review all prospects, with offers being accepted for individual properties, for various sub portfol...
Hotel Equities Selected to Manage SpringHill Suites by Marriott in Pensacola Beach, Florida
Hotel Equities (HE) | March 11, 2014
Atlanta, GA - March 11, 2014 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage the 117-room SpringHill Suites Pensacola Beach at 24 Via de Luna Drive in Pensacola Beach, Florida. Positioned as a "resort style" hotel, the SpringHill Suites sits directly on the white sand beaches of Pensacola, touched by the blue waters of the Gulf of Mexico. Truly a flagship for the Springhill Suites brand, the hotel stands as an iconic spot on Pensacola Beach in Florida. The five-story SpringHill Suites hotel is convenient to the area's popular dining, shopping and tourist attractions. Quietwater Boardwalk, a popular bea...
Flip.to Gives a Big Boost to dana hotel and spa’s Total Web Traffic
Fairfield Inn & Suites by Marriott | March 6, 2014
Orlando, FL — March 7, 2014 — In the first two months of going live with Flip.to, the brand advocate platform for hotels, the web traffic for the dana hotel and spa has grown a full 10% year over year. This new traffic consists of friends, relatives & colleagues of current guests directed to the hotel's website to learn more about the hotel and earn an incentive towards a future stay. Liana Clark, Director of Sales and Marketing for the dana, added, "Our hotel has a well established web presence yet we are always looking for inventive ways to drive exposure for our website. Flip.to provides that with a twist. The new lookers are...
Is Your Hotel’s Revenue Management Strategy “Mobile-Compatible”? By Jean Francois Mourier
Jean Francois Mourier | March 3, 2014
March 4, 2014 If you have read any hotel trade publications, listened to the news or watched the average consumer book a vacation in the past year, you may already know about mobile commerce (or mCommerce). Just like the name implies, mCommerce is any purchase made via mobile device, including smartphones or tablets. While m-commerce used to be used primarily by tech-savvy Millenials, it has now gone mainstream across all industries: "mCommerce constitutes $41.68 billion of the total $262.3 billion of [retail] ecommerce sales for 2013 (an increase of 68.2% from 2012) and accounts for 16% of total ecommerce sales." Just like every other ...
Construction Slated to Begin in Spring 2014 for The Hotel Covington Kentucky
BuildCentral | March 3, 2014
Hotel-Online and BuildCentral Add/Update 176 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. March 3, 2014 - Hotel-Online and BuildCentral have added or updated 176 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: Jupiter Pointe Marina Hotel (Jupiter, FL) TK Tripps Hotel (Asheville, NC) Hotel Eleven (Austin, TX) ...
Hotel Equities to Manage the 107-room Home2 Suites by Hilton to be Built in St. Louis, Missouri
Hotel Equities (HE) | February 28, 2014
Atlanta, GA - March 4, 2014 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage the 107-room Home2 Suites by Hilton hotel in St. Louis, Missouri. The Above All Development group of St. Louis, Missouri will develop the property in the Forest Park Southeast neighborhood. Principals of the Above All Development group include Stan McCurdy, Bryan Aston, Jeff McCurdy and Tom Behle. The property is set to break ground in May 2014 and open in 2015. Hotel Equities will partner in a supportive role during the construction phase and take over hotel operations during the pre-opening stage. This marks Hotel Equities' s...
FIU Shares White Paper for Hospitality Leaders on Revenue Management & Growth Opportunities
February 27, 2014
This month, Florida International University's Chaplin School of Hospitality& Tourism Management (CSHTM) and its Institute for Hospitality and Tourism Education and Research (IHTER) released a white paper titled Revenue management 2020: talent, tools & technology. The paper provides the hospitality industry with ideas on what can be done to shift the perception on the integration of revenue management and to best capitalize on growth opportunities. The best practices analysis was authored by Gregory T. Bohan, assistant professor at CSHTM; Simone Champagnie, executive director at IHTER; and Christine Toguchi, managing director at...
The 75-key Fairfield Inn & Suites by Marriott is Set to Open in Gainesville, Georgia
Fairfield Inn & Suites | February 24, 2014
Owned by DUS Hospitality and Managed by Hotel Equities Gainesville, Georgia - February 24, 2014 - The 75-suite Fairfield Inn & Suites by Marriott in Gainesville, Georgia is scheduled to open on Friday, February 28, 2014. Located at 1755 Browns Bridge Road, the Fairfield Inn & Suites Gainesville will operate as a Marriott franchise, owned by DUS Hospitality and managed by Hotel Equities of Atlanta, Georgia. Whether traveling for business or pleasure, the Fairfield Inn & Suites Gainesville offers guests convenient access to Main Street Gainesville, Lake Lanier Olympic Center and Lake Lanier Islands. Rates begin at $90 per nigh...
Pebblebrook Hotel Trust Reports 2013 Yearly Net Income of $20M up from $8.3M & RevPAR Growth of 6.4%
Pebblebrook Hotel Trust | February 21, 2014
February 20, 2014 04:01 PM Eastern Standard Time - BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the fourth quarter and year ended December 31, 2013. 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...
149-Room Hyatt House Hotel Planned for Irvine, CA
BuildCentral | February 17, 2014
Hotel-Online and BuildCentral Add/Update 158 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. February 17, 2014 - Hotel-Online and BuildCentral have added or updated 158 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: FM 620 Hotel (Austin, TX) Fairview Avenue Hotel (Seattle, WA) Cambria Suites Hotel (Schaumburg, ...
Strand Development Company Grows to 56 Properties, Increases Profitability
Strand Development Company LLC | February 17, 2014
Automated Property Data Collection, Analysis, Performance Reports, and Forecasting Raise Operating Standards, Support Steady Growth for Multiple Ownership Groups February 17, 2014 - "Strand Development prides itself on providing its owners with effective and accurate financial reporting on a timely basis - there is no room for error, no room for tardiness," says John Johnson, Strand's CFO. "We know that our continued relationship is contingent on delivering solid bottom line results. This is our top priority." With 56 properties and multiple ownership entities, Strand relies on its corporate business intelligence system to automate the...
Hotel Equities Names Bert Haifley Task Force Manager for Firm’s Portfolio
Hotel Equities (HE) | February 17, 2014
ATLANTA (February 17, 2014) -Atlanta-based Hotel Equities (HE) recently named Bert Haifley to the position of Task Force Manager for the firm's portfolio. As Task Force Manager, Mr. Haifley is available to assist in new transitions and acquisitions for the firm as Hotel Equities continues its strong growth momentum. His responsibilities cover the overall operation of the hotel including hiring, training and all of the metrics required to assure its success. This is an opportunity to continue to hit the ground running day one on all new hotels that come into the portfolio and make a real difference quickly for HE's ownership groups. "Ber...
Casino Rama Installs InvoTech Uniform System; Reduces Labor 15 Hours Daily
InvoTech Systems | February 13, 2014
New UHF-RFID System Helps Luxury Resort Grow with Greater Efficiency, Automated Uniform Laundry Processing LOS ANGELES, CA - February 13, 2014 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry operators, announced Canada's Casino Rama implemented its Uniform System to track and maintain the asset value of the casino resort's 15,000 uniforms. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. "Our team estimates we save 15 hours a day in labor with InvoTech. This is huge," said H...
Hotel Equities Names Drew Salapka Vice President of Sales and Revenue Generation
Hotel Equities | February 12, 2014
ATLANTA (February 12, 2014) - Atlanta-based Hotel Equities (HE) recently named Drew Salapka to the position of Vice President of Sales and Revenue Generation. His responsibilities include leading the sales and revenue generation team which is responsible for the daily inventory and rate management of the firm's hotels. His team analyzes the demand for all markets, evaluates market strengths and weaknesses, and reports key statistics that impact the industry and individual hotels. The team also manages sales processes and directs the ongoing training of all key sales and revenue staff members. "Drew's analytical abilities, business sense...
At Year-End 2013 Total Investment in the Lodging Industry Reached an Estimated 21.8B
Lodging Econometrics | February 10, 2014
The lodging industry reached an estimated total investment of 21.8 billion in 2013. This is the highest level since 2009 and is expected to accelerate higher in 2014 and into late decade. For 2013, 1,171 Hotels were sold or transferred, a decrease of 19% Year-Over-Year (YOY). Previously, Total Transactions and Property Transfers had peaked at 3,218 Hotels/ 441,613 Rooms in 2007, then precipitously fell to a bottom of 528 Hotels/ 60,804 Rooms in 2009, a decrease of 84% by Hotels. After rebounding a bit in 2010 to 1,358 hotels, Transaction volume has since been locked in a bottoming formation with little M&A activity. Of the 1,171 Pr...
USA Winter 2014 US Lodging Real Estate Trends Show Construction Pipeline Spurts to the Upside
Lodging Econometrics | February 10, 2014
Marriott Delivers Big Gains After being locked in a bottoming formation for nine quarters, the Construction Pipeline increased in 2013 to 3,020 Projects/382,958 rooms, a Year-Over-Year (YOY) increase of 10% by projects and 12% by rooms. It's the first YOY double-digit increase since before the recession. The volume bounce from the 2Q11 bottom is significant because it starts the second leg of the new real estate cycle where Pipeline growth is expected to steadily increase as single asset and portfolio selling prices are now at record highs, signaling the point where it will be cheaper to build new hotels than to buy existing ones. The ...
The Plasencia Group Reveals a Fresh Look Following Its 20th Anniversary
The Plasencia Group | February 5, 2014
Tampa, Fla. (February 5, 2014) – Entering its third decade of providing personalized hospitality investment advisory services, The Plasencia Group is introducing a new logo and branding for the firm and its affiliates. The Company has undertaken a number of endeavors as part of the transformation, including the refreshing of the firm's logo, the release of a new company website and the implementation of state-of-the-art Citrix ShareFile Virtual Data Room technology. Founded in 1993 with one office in Tampa, Florida, The Plasencia Group now maintains a national footprint through its regional offices strategically situated throughout th...
Marriott’s Response to White Lodging Data Breach
February 3, 2014
February 3, 2014 Marriott International Statement as of February 1, 2014; 10:00 a.m. (ET) One of our franchise management companies has experienced unusual fraud patterns in connection with its systems that process credit card transactions at a number of hotels across a range of brands, including some Marriott-branded hotels. They are in the midst of the investigation and are in close contact with the banks and credit cards companies. We are working closely with the franchise management company as they investigate the matter. Because the suspected breach did not impact any systems that Marriott owns or controls, we do not have additiona...
Plans for Oxford Suites Paso Robles in California Approved by City
BuildCentral | February 3, 2014
Hotel-Online and BuildCentral Add/Update 167 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. February 3, 2014 - Hotel-Online and BuildCentral have added or updated 167 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: Harbor Bay Club Hotel (Alameda , CA) Statler Hotel Site Redevelopment/Fitzgerald Place Complex (D...
InvoTech Systems Installs Uniform, Linen, and Laundry Management Systems at Canouan Resort
InvoTech Systems | January 30, 2014
Luxury Caribbean Resort Implements UHF-RFID Inventory Tracking Systems to Control High-Value Uniform and Linen Assets LOS ANGELES, CA - January 30, 2014 - InvoTech Systems, Inc. announced that the luxury Canouan Resort on Canouan Island Heart of the Grenadines installed the InvoTech UHF-RFID System for managing the resort's uniforms, linens, and laundry operations. InvoTech is a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry operators. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. InvoTech Uniform,...
