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Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
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Finance & Development
The 126-room Hotel Indigo® Düsseldorf – Victoriaplatz Opens in Germany
The Hotel Indigo | December 2, 2013
2 December, 2013 - InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, is thrilled to announce that it has opened Hotel Indigo® Düsseldorf - Victoriaplatz at the centre of this fashion-forward German city, renowned for its style credentials. Hotel Indigo Düsseldorf-Victoriaplatz will operate under a franchise agreement with LFPI Hotels Management Germany GmbH. The hotel will be the third Hotel Indigo property in Germany, alongside Hotel Indigo Berlin – Alexanderplatz and Hotel Indigo Berlin – Ku'Damm. As IHG's boutique brand, every Hotel Indigo property is designed to reflect the local neighbourhood...
Hotel AG Closes 13 Hotel Transactions in November
Hotel AG | December 2, 2013
ATLANTA - December 2, 2013 - Hotel AG announced today the firm closed 13 hotel transactions during the month of November. The hotels sold consist of 5 Hampton Inn & Suites, 1 Hilton Garden Inn, 1 Residence Inn, 1 Staybridge Suite, 3 AmericInn hotels and 2 independent properties. The clients represented were CMBS servicers, balance sheet lenders, REITs, Asian rim investment groups and private companies. H. Keith Thompson, principal of the firm, commented, "These 13 recent closings were across the board in terms of product type, pricing, buyer profile, seller profile and valuation methodology. This real estate cycle is very diverse an...
West Bay Beach, a Holiday Inn Resort in Traverse City, Michigan Opens After $6 Million Renovation
November 27, 2013
ATLANTA – 26 November, 2013 - InterContinental Hotels Group (IHG) [LON:IHG, NYSE:IHG (ADRs)], today announced the opening of West Bay Beach, a Holiday Inn Resort® hotel adding to its growing portfolio of vacation destinations. Located on the shores of West Grand Traverse Bay in Northern Michigan, the property re-opened this month as a Holiday Inn Resort brand hotel following a $6 million renovation. The Holiday Inn Resort brand now boasts nearly 40 locations across the globe. "We are thrilled to welcome another beautiful property into the Holiday Inn Resort® brand portfolio," said Heather Balsley, senior vice president, Americas Hol...
Hotel Equities Selected to Manage Newly Converted 145-room La Quinta Inn & Suites Pittsburgh North
Hotel Equities (HE) | November 26, 2013
Atlanta, GA-November 26, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage the newly converted 145-room La Quinta Inn & Suites Pittsburgh North in Pittsburgh, Pennsylvania to its portfolio. "We are delighted to expand our portfolio in Pennsylvania with this well-positioned hotel in Pittsburgh," said Joe Reardon, Vice President of Business Development for HE. "Our management team looks forward to making this hotel the flagship property for the La Quinta brand by building a rewarding and profitable working partnership with the hotel's ownership group and adding value to their asset." The La Quinta...
Grupo AGRISAL Opens the 196-room Holiday Inn Express Panama Distrito Financiero in Panama City
November 26, 2013
26 November, 2013 - MIAMI – InterContinental Hotels Group (IHG) today announced the newest addition to its Latin America portfolio with the opening of the 196-room Holiday Inn Express® Panama Distrito Financiero hotel located in Panama City, Panama. In partnership with Grupo AGRISAL, this is Panama City's first Holiday Inn Express® hotel. Owned by Grupo AGRISAL, the Holiday Inn Express Panama Distrito Financiero hotel is their fourth IHG®-branded property with others open and under construction in Costa Rica and El Salvador. "Holiday Inn Express is one of the fastest-growing hotel brands in the world, and we are thrilled to now hav...
Construction Underway for 164-key Staybridge Suites Al Andalus Mall in Jeddah, Saudi Arabia
IHG (InterContinental Hotels Group) | November 26, 2013
Jeddah, Kingdom of Saudi Arabia, 26 November 2013: IHG (InterContinental Hotels Group) has signed a 15 year management agreement with Al Andalus Property for a Staybridge Suites hotel in Jeddah, Kingdom of Saudi Arabia. Staybridge Suites Al Andalus Mall is due to be the first Staybridge Suites property to open in Saudi Arabia. The announcement follows closely after IHG announced plans for a Staybridge Suites property on Hira Street in Jeddah, demonstrating the increasing demand for extended stay properties in this important commercial hub. These two Jeddah properties mark the entrance of the Staybridge Suites brand into Saudi Arabia. As...
Operadora Decori Orizaba SA de CV. Opens the 103-room Holiday Inn Orizaba Hotel in Veracruz, Mexico
November 26, 2013
Orizaba, Ver. – 26 November, 2013 - InterContinental Hotels Group (IHG) today announced the opening of the Holiday Inn® Orizaba hotel, bringing its total number of hotels in Veracruz to eight including: two Crowne Plaza® hotels, one Hotel Indigo® property, three Holiday Inn® hotels and one Holiday Inn Express® hotel. "This market has vast potential and we are happy to grow the IHG brand family here," said Gerardo Murray, vice president, Strategic Marketing Services, Mexico, Latin America and the Caribbean, IHG. "The scale and diversity of the IHG family of brands means that our hotels can meet our guests' needs whatever the occas...
Hotel AG Closes a 4-Property Northeast Portfolio
Hotel AG | November 25, 2013
ATLANTA - November 25, 2013 - Hotel AG announced today the firm closed a 4-property Pennsylvania Hilton and Marriott portfolio last week. Hotel AG senior partners involved in the transaction included Andy Broad and Chris Stark. Andy Broad, commented, "This recent sale was the perfect example of the market place we have today in hotel real estate. The seller was a private owner and the buyer was a public REIT, and the transaction met the yield needs of both parties." ...
Hoteles Cacique Internacional Opens 187-room New-Build Holiday Inn Bucaramanga Cacique in Colombia
Holiday Inn Hotels | November 19, 2013
MIAMI – 19 November, 2013 - InterContinental Hotels Group (IHG) [LON: IHG, NYSE:IHG (ADRs)], today announced the opening of the 187-room Holiday Inn® hotel in the northeastern city of Bucaramanga, Colombia. Bucaramanga's first Holiday Inn® hotel brings IHG's hotel portfolio for Colombia to nine including two hotels in Bogota - the Holiday Inn Express® Bogota and Holiday Inn® Bogota Airport, Holiday Inn® Cartagena Morros, Holiday Inn Express® Hotel & Suites Medellin and properties in the pipeline to be developed in Barranquilla, Cucuta, and Cartagena. "The Holiday Inn Bucaramanga hotel is just one example of IHG's vision for ...
Hotel AG Closes 6 Hotel Transactions in Last 18 Days
Hotel AG | November 19, 2013
ATLANTA - November 19, 2013 - Hotel AG announced today the firm closed 6 hotel transactions over the past 18 days. The hotels sold consist of a Austin, Texas Hampton Inn & Suites located at the Austin International Airport; a 2-property Hilton portfolio including a Hilton Garden Inn and a Hampton Inn & Suites; a hotel for Wells Fargo located in northern Florida; a hotel in a New England state for a CMBS special servicer; and an independent hotel for Ameris Bank located in the Southeast. Hotel AG partners involved in the transactions were Wendy Blissett, Michael Bernath, Andy Broad, Scott Foster, Tom Huegel, Bill Bowen and Rex Ca...
City Approval for Hermosa Boutique Hotel In California
BuildCentral | November 18, 2013
Hotel-Online and BuildCentral Add/Update 144 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 18, 2013 - Hotel-Online and BuildCentral have added or updated 144 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: White Sands Resort (Orange Beach, AL) Candlewood Suites (Canton, OH) Port Imperial Hotel and Re...
Hotel Equities Names Bob Keating to Director of Business Development
Hotel Equities | November 15, 2013
ATLANTA, GA (November 15, 2013) -Atlanta-based Hotel Equities (HE) www.hotelequities.com recently named Bob Keating to the position of Director of Business Development. As a member of the firm's development team, Mr. Keating works directly with hotel owners who are looking for the best third-party partners to manage their existing hotels, new builds and portfolios. "An innovative and highly-accomplished top management executive, Bob brings a wealth of industry experience to his new post," said Joe Reardon, HE Vice President of Business Development. "Bob is a real partner and relationship leader for our clients. He has high integrity and...
New Global Marketing Officer, Karin Timpone, Joins Marriott International From Disney
Marriott International, Inc. | November 14, 2013
Bethesda, Md., Nov. 14, 2013 – Karin Timpone has been named Marriott International, Inc.'s (NASDAQ:MAR) global marketing officer. In her new role, Ms. Timpone will lead the company's integrated global marketing, bringing her 'next generation' skills to attract next generation travelers. She will lead customer relationship strategy, portfolio marketing, media, digital and social as well as oversight and development of the award-winning Marriott Rewards guest loyalty program, which exceeds 44 million members. "We are excited to have Karin join our team and look forward to putting her creative ideas, marketing skills and mobile and digit...
New Discipline of Revenue Strategy Takes Center Stage at Industry’s First Revenue Strategy Summit
Duetto | November 14, 2013
More than 200 Leaders Discuss Threats, Opportunities and Disruption, at the Inaugural RSS, Powered by Duetto Thayer Lodging CEO Lee Pillsbury Urges Leaders to Take Risks, Assert Leadership, in Today's "Very Crowded Value Chain" New York, November 14, 2013 ... There was a sense something bigger was at work than "just an industry conference," as 200 leaders from the fields of revenue management, marketing, sales and distribution converged on today's first annual Revenue Strategy Summit at the Affinia Manhattan. That "something" was the birth of a new discipline -- Revenue Strategy -- as leaders from major hospitality brands, academic inst...
A Brand Debut in Indonesia, the 198-room Holiday Inn Express Semarang Simpang Lima Opens
IHG (InterContinental Hotels Group) | November 12, 2013
Singapore, 12 November 2013: InterContinental Hotels Group (IHG) has opened Indonesia's first ever Holiday Inn Express hotel in Central Java's cosmopolitan capital city of Semarang. The 198-room Holiday Inn Express Semarang Simpang Lima paves the way for the brand's expansion across Indonesia, with plans for 13 more Holiday Inn Express hotels to open across the country over the next few years. "Indonesia accounts for two thirds of the development pipeline for Holiday Inn Express in South East Asia and we are excited to debut the brand in one of the country's most vibrant cities. Semarang is a popular destination for both business and le...
Marriott to Debut in Bosnia & Herzegovina with 2014 Opening of 75-key Residence Inn Sarajevo
Residence Inn | November 11, 2013
Owned by SEIC Hospitality and Managed by Interstate Hotels & Resorts London – Nov. 11, 2013 – Marriott International, Inc. (NASDAQ: MAR) announced plans to open its first hotel in Bosnia and Herzegovina. The 75-suite Residence Inn Sarajevo is expected to open in late 2014 and will operate as a Marriott franchise, owned by SEIC Hospitality and managed by Interstate Hotels & Resorts. The only internationally branded hotel in Bosnia and Herzegovina, the Residence Inn Sarajevo will fill a gap in the extended stay segment and offer a blend of modern style and functionality that allows guests to thrive on long stays. Ideally locat...
Rainmaker Welcomes Former Hilton Revenue Management Executive to Team
Rainmaker | November 11, 2013
New VP Business Consulting for Rainmaker to Help Hospitality Customers Drive Greater Revenue and Profitability ATLANTA, GA - November 11, 2013 - The Rainmaker Group, a world leader in automated revenue management software and services for the multifamily housing and gaming/hospitality industries, is pleased to announce the addition of veteran hospitality executive Erik Browning as Vice President of Business Consulting for Rainmaker's Gaming/Hospitality Division. Browning is an accomplished hospitality industry professional with senior level revenue management and operations experience. He came to Rainmaker after nearly twelve years with...
The 212-room Crowne Plaza® Lansing West Opens in Michigan Following Conversion Renovations
November 8, 2013
ATLANTA - November 8, 2013 – InterContinental Hotels Group (IHG®) announces the opening of the Crowne Plaza® Lansing West hotel following conversion renovations to the guest rooms, reception and entrances, funded by the hotel's ownership. Located at 925 South Creyts Rd. and just off of Interstate 496, the five-story hotel is surrounded by tranquil green spaces and close to a variety of shopping centers and local attractions. This Lansing hotel is conveniently accessible to Michigan State University, the Michigan State Capitol Building, the Wharton Center for the Performing Arts, as well as the General Motors – Lansing Delta Townsh...
Hotel Equities Promotes Jeff Shockley to Vice President of Acquisitions, Financial Analysis
Hotel Equities (HE) | November 8, 2013
ATLANTA (November 8, 2013) - Hotel Equities (www.hotelequities.com) recently promoted Jeff Shockley to the position of Vice President of Acquisitions and Financial Analysis. Mr. Shockley's responsibilities at the hotel development and management company include working as a member of the firm's Development Team with responsibility for the growth of third party management contracts, while he continues to lead the Financial Analysis Department of the organization. "Jeff brings over twenty years of leadership experience in hotel operations as well as property, asset, and financial management to his new development role," said Brad Rahinsky...
The Deadwood Mountain Grand, a Holiday Inn Resort in SD, Opens Following $50 Million Renovation
the Holiday Inn Resort brand | November 8, 2013
ATLANTA, Nov. 8, 2013 -- InterContinental Hotels Group (IHG) today announced the opening of the Deadwood Mountain Grand, a Holiday Inn Resort(R) hotel located in Deadwood, S.D. The opening follows an approximately $50 million renovation by the ownership to the sprawling over 245,000 sq. feet property. "The Holiday Inn Resort brand continues to grow in key vacation destinations, and we are thrilled to welcome this property into the Holiday Inn(R) Brand Family," said Heather Balsley, senior vice president, Americas Holiday Inn Brand Family. "The brand is one guests have come to know and trust, aimed at providing family vacation experience...
Lodging Econometrics Reports Q3 2013 US Construction Pipeline Growth Continues at a Modest Pace
Lodging Econometrics | November 6, 2013
Growth in the Pipeline remains sluggish and is likely to continue that way at least thru early 2014 as ongoing political and economic uncertainty continue to affect developer sentiment. As of Q3 2013 the Total Construction Pipeline stands at 2,819 Projects/ 358,691 Rooms, a year-over-year (YOY) increase of just 2% by projects and 5% by rooms. Hotels Under Construction have uptrended for nine quarters and are now at 710 Projects/ 92,065 Rooms, a YOY increase of 27% for Projects and 30% for Rooms. Totals for Hotels Scheduled to Start in the Next 12 Months have increased off the bottom established in Q2 2012 and stand at 1,008 Projects/ 12...
The 93-key Staybridge Suites London Vauxhall to Open in the UK in Early 2015; Owned by Spring Mews
IHG (InterContinental Hotels Group) | November 6, 2013
6 November, 2013 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies, is gaining an increased foothold in the UK's extended stay hotel market with the signing of its second property in the capital - Staybridge Suites London Vauxhall. The hotel is due to open early in 2015. Operating under a franchise agreement with new owner Spring Mews Ltd; a subsidiary of CLS Holdings Plc, the 93 suite new build hotel will be managed by Cycas Hospitality, extended stay hotel specialists, who also manage Staybridge Suites London Stratford City and Staybridge Suites Liverpool. Part of the Spring Mews development project, ...
IHG Provides Q3 2013 Interim Management Statement; Global RevPAR up 3.3%
IHG | November 5, 2013
Solid third quarter performance For complete results and tables please visit: http://www.ihgplc.com/index.asp?PageID=116&NewsID=3076 Highlights Global third quarter RevPAR growth of 3.3%, with 3.6% in the first nine months. 8k rooms opened in the quarter taking system size to 679k rooms as at 30 September, up 1% year on year. 16k rooms signed in the third quarter, up 18% year on year, taking the pipeline to 180k rooms at the quarter end. Richard Solomons, Chief Executive of InterContinental Hotels Group PLC, said: "We have delivered a solid third quarter performance with RevPAR growth in all four regions, driven by our preferre...
The 143-room Radisson Blu Le Vendome Hotel Cape Town to Open in South Africa by Q2 2014
Staybridge Suites Hotels | November 4, 2013
November 4, 2013 - Rezidor, one of the ten largest and most dynamic hotel groups worldwide, announces the Radisson Blu Le Vendome Hotel Cape Town in South Africa. The upper upscale property featuring 143 rooms is scheduled to open within the next six months. Formerly known as "Hotel Le Vendome" and a local landmark, the property is undergoing renovation and refurbishment in order to be re-positioned as one of Cape Town's leading upper upscale addresses. The Radisson Blu Le Vendome Hotel brings Carlson Rezidor's strong portfolio in Cape Town to five hotels in operation and under development. "We are proud to operate this hotel and thank ...
