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 Assets Group Closes 5 Hotel Transactions in October
Hotel AG | November 4, 2013
ATLANTA - November 4, 2013 - Hotel AG announced today the firm closed 5 hotel transactions in the month of October. The hotels sold consisted of a Hilton Garden Inn and Hampton Inn & Suites in Nanuet, NY; a StayBridge Suites in Mt. Laurel, NJ; a bank-owned hotel located on the west coast and a Best Western located in Jacksonville, Florida. Hotel AG senior partners involved in the transactions included Andy Broad, Brad Sinclair, Tom Huegel and Michael Bernath. Keith Thompson, principal of the firm, commented, "These 5 recent transactions were all private owned and private buyers and continue to represent the strength of this current ...
AC Hotel in Cincinnati Announces Marriott As Brand
BuildCentral | November 4, 2013
Hotel-Online and BuildCentral Add/Update 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 4, 2013 - Hotel-Online and BuildCentral have added or updated 136 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 Vine Inn and Suites (Los Angeles, CA) Dallas Midtown Hotels (Dallas, TX) 8 Maiden Lane Hotel ...
Rainmaker Implements GuestREV® Revenue Management System at Chickasaw Nation Properties in Oklahoma
WinStar World Casino and Resort | November 4, 2013
Two-Way Go-Live at WinStar World Casino and Resort, the Inn at WinStar, and the Artesian Hotel, Casino & Spa ATLANTA, GA - November 4, 2013 - Only weeks after receiving Info-Tech Research Group's Trend Setter Award for its "innovative approach of introducing gaming revenue to the revenue management modeling" and for having the "perfect system for cutting-edge casino-hotels looking to make decisions based on total guest value," The Rainmaker Group today announced that it has successfully implemented its GuestREV® revenue management system at WinStar World Casino and Resort, the Inn at WinStar in Thackerville, Okla., and the Artesia...
HFTP 2013-2014 Global Executive Committee and Board of Directors Begin Term
Hospitality Financial and Technology Professionals (HFTP) | November 1, 2013
AUSTIN, TEXAS, USA (November 1, 2013) - Today, the Global Executive Committee and Board of Directors for Hospitality Financial and Technology Professionals (HFTP) officially begin their 2013-2014 term. The association leaders represent a variety of hospitality industry segments (clubs, hotels, academics and management companies), and will use their professional expertise to help guide the association as it carries out its strategic plan. Upcoming goals for the association include growing globally, successfully serving the current global membership and continued development of the Global Hospitality Accounting Common Practices (GHACP), a...
Jerry Trieber Begins Term as HFTP Global President
Hospitality Financial and Technology Professionals (HFTP) | November 1, 2013
AUSTIN, TEXAS, USA (November 1, 2013) - Today, Jerry Trieber, CPA, CHAE, CFE, CFF, CGMA officially starts his term as Global President for Hospitality Financial and Technology Professionals (HFTP), with a directive to lead the association in carrying out its strategic goals. Trieber is regional director of accounting for Crestline Hotels and Resorts based out of Virginia. A member for 16 years, Trieber was recently honored at the HFTP Annual Convention & Tradeshow this past October in Dallas, Texas. "I am looking forward to working with the Global Board of Directors and Executive Committee to continue 'to lead and advance the hospit...
Thought Leaders Debate the Future of Revenue Strategy, at Inaugural Revenue Strategy Summit (RSS)
Duetto | November 1, 2013
Powered by Duetto, the RSS Will be Held November 12, 2013 at the Affinia Manhattan Hotel New York, November 1, 2013 ... Where can hotel professionals get guidance on how to leverage trends in technology, marketing and distribution to maximize revenue - as they network with the leading lights of the industry in an intimate, business-focused setting? It will be happening at the inaugural Revenue Strategy Summit (RSS), a gathering of thought leaders and practitioners who will examine forces reshaping the hospitality industry and discuss how marketing and technology must evolve to meet new demands. Distinguished speakers and panel participa...
Marriott Reports Q3 2013 Net Income of $160M, a 12% Increase Over Prior Year; RevPAR up 4.8%
Marriott International, Inc. | October 31, 2013
THIRD QUARTER HIGHLIGHTS • Third quarter diluted EPS totaled $0.52, an 18 percent increase over prior year results; • North American comparable company-operated REVPAR rose 5.5 percent in the third quarter with average daily rate up 4.4 percent; • On a constant dollar basis, worldwide comparable systemwide REVPAR rose 4.8 percent in the third quarter, including a 3.4 percent increase in average daily rate. Worldwide occupancy reached nearly 75 percent in the quarter, the highest in the last six years; • At the end of the third quarter, the company's worldwide pipeline of hotels under signed contracts increased to over 144,000 ro...
ThistleDown Racino Implements InvoTech Systems to Protect Investment in 10,000 Designer Uniforms
InvoTech Systems | October 31, 2013
At IHM&RS Visit InvoTech in Booth # 3120 with T-Y Group November 9 – 12, Jacob K. Javits Center, NYC ThistleDown Racetrack Reopens as ThistleDown Racino by Caesars Entertainment; InvoTech Tracks New Staff Uniforms for Upscale Racino LOS ANGELES, CA - October 31, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, announced ThistleDown Racino implemented its Uniform System to track uniforms for its 900 team members. ThistleDown Racetrack recently reopened as a Racino (racetrack-casino) operated by Caes...
Brigade Group & IHG to Open 10 Holiday Inn Express Hotels in India By 2020
October 30, 2013
Bangalore, 30 October 2013: InterContinental Hotels Group (IHG) has signed a deal with South India's leading real estate developer, Brigade Group. Under the agreement, 10 Holiday Inn Express hotels are to be built in southern India, owned by Brigade Group and managed by IHG. The newly-signed hotels will add to IHG's strong pipeline of properties of the Holiday Inn brand family, which now represent 88% of IHG's growth in India. The first two hotels under this partnership will open in Bangalore in early 2017, while the remaining eight hotels are scheduled to open within the next four to seven years. IHG and Brigade Group are currently in ...
IHG Army Hotels Portfolio Continues Growth with Ground Breakings and Openings
IHG (InterContinental Hotels Group) | October 29, 2013
Holiday Inn Express®, Staybridge Suites® and Candlewood Suites® Branded Hotels 29 October, 2013 - ATLANTA — IHG® (InterContinental Hotels Group) [LON: IHG, NYSE: IHG (ADRs)], the exclusive hotel manager and operator of the $1 billion Privatization of Army Lodging (PAL) program that has brought the first-ever branded hotels to U.S. military installations, announces continued progress on the IHG Army Hotels portfolio. IHG, along with Lend Lease (US) Public Partnerships – the asset manager, developer and design builder – and the U.S. Army have broken ground on three hotels this year, including the first Staybridge Suites® hotel ...
The 146-key Holiday Inn Warwick Farm Opens in Sydney, Australia Completing Sunnybrook Hotel Makeover
IHG (InterContinental Hotels Group) | October 29, 2013
Sydney, Australia, 29 October, 2013: InterContinental Hotels Group (IHG) has opened the 146-room Holiday Inn Warwick Farm in south west Sydney. The previously-named Sunnybrook Hotel has benefited from a multimillion-dollar makeover and refurbishment to become Holiday Inn Warwick Farm. Located at 355 Hume Highway Warwick Farm, the hotel is within easy access to a number of commercial and business park precincts and will meet the needs of the growing commercial and leisure based industries of south west Sydney. The hotel facilities include an all-day dining restaurant, gymnasium, meetings and events centre, heated outdoor swimming pool, a...
Pebblebrook Reports Q3 2013 Net Income of $11.3M Compared to $7.5M Prior Period, RevPAR up 6.2%
Pebblebrook Hotel Trust | October 25, 2013
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the third quarter ended September 30, 2013. The Company's results include the following: (1) See tables for this this press release by visiting http://phx.corporate-ir.net/phoenix.zhtml?c=233964&p=irol-news&nyo=0 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 a...
Operadora ALRO and IHG Open the 143-room Holiday Inn® Mexico Buenavista Hotel in Mexico City
Holiday Inn Hotels | October 22, 2013
Mexico City, Mex. - October 22, 2013 – InterContinental Hotels Group (IHG) and Operadora ALRO, announced the opening of the 143-room Holiday Inn® Mexico Buenavista hotel in Mexico City to expand IHG's family hotels in Mexico. "This is IHG's fifth opening in Mexico City this year, demonstrating the confidence that investors and franchisees have in our brand family," said Gerardo Murray, vice president, Marketing Strategic Services, Mexico, Latin America and Caribbean, IHG. "The convenient location of this newly renovated property makes it an excellent choice for travelers who visit Mexico City for business or leisure." The scale and d...
IHG Signs Three Hotels in Russia and the CIS; One Complete, Two Under Development with 2015 Openings
IHG (InterContinental Hotels Group) | October 22, 2013
22 October, 2013 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies, is delivering more growth across Russia and the CIS with the signing of three more hotels in the region: Holiday Inn Express® Naberezhnye- Chelny, Holiday Inn Express® Samara and Staybridge Suites® Baku. Holiday Inn Express Naberezhnye- Chelny is the third hotel to be signed as part of the multiple development franchise agreement signed in March 2013 with Regional Hotel Chain (RHC), a portfolio company of VIY Management (VIYM), to develop 15 new hotels in Russia by 2019. The 145-room new-build property is due to open in the second qu...
150-Room AC Hotel Development Announced for Miami Beach
BuildCentral | October 21, 2013
Hotel-Online and BuildCentral Add/Update 158 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 21, 2013 - 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: Upmarket Hotel (Hackensack, NJ) 10-12 Maiden Lane Hotel (New York, NY) Gulfview Hotel Development...
Janelle Schwartz to Lead Sales and Marketing for M&R Hotel Management
M&R Hotel Management | October 16, 2013
GREAT NECK, N.Y. (Oct. 18, 2013) ─ M&R Hotel Management, a fast-growing, owner-operator based in Great Neck, N.Y., today announced the appointment of Janelle Schwartz, a 16-year hospitality veteran, as vice president of sales and marketing to oversee sales, marketing, e-commerce, revenue management, public relations and social media. Brian M. McSherry, M&R chief operating officer, said Schwartz brings "multiple branding skills" to her new role, notably experience marketing hotels under the Starwood, Hilton, Marriott and Leading Hotels of the World brands in the United States as well as destinations including Turks and Caicos a...
Video Report: InvoTech Demonstrates Automated Linen Operations using UHF-RFID Technology
InvoTech Systems | October 16, 2013
Laundry Cart Reading Station Counts and Records High-Volume Linens Instantly; Automatically Emails Production Reports to Housekeeping and the Laundry Manager with Real-Time Accurate Information LOS ANGELES, CA - October 16, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, produced a video demonstration of its Linen Management System's UHF-RFID Laundry Cart Reading Station. InvoTech is recognized globally for its reliable, easy-to-use systems that save companies time and money. Click here for more informa...
IHG and Auteles Kalionchiz S.A. de C.V Open the 128-room Holiday Inn® Hotel in Monclova, Mexico
Holiday Inn hotels | October 16, 2013
Monclova, Coah. - 16 October, 2013 – InterContinental Hotels Group (IHG) and Auteles Kalionchiz S.A. de C.V announced the opening of the Holiday Inn® Monclova hotel. This is the first Holiday Inn hotel in Coahuila and is the fifth IHG®-branded hotel for the state. Other IHG®-branded hotels in Coahuila include a Crowne Plaza® hotel and three Holiday Inn Express® hotels. The scale and diversity of the IHG family of brands means that our hotels can meet our guests' needs whatever the occasion. "We are very happy to welcome the Holiday Inn brand to the State of Coahuila and especially to the city of Monclova, one of Mexico's key comm...
Prosperity Equals Accuracy When it Comes to Hotel Budgets / Robert Mandelbaum & Viet Vo
Robert Mandelbaum and Viet Vo of PKF Hospitality Research | October 15, 2013
Since 2001, PKF Hospitality Research, LLC (PKF-HR) has assessed the accuracy of hotel budgets. Over the past 12 years, one trend has become very predictable. During times of industry prosperity, hotel budgets are extremely accurate. During the depths of the 2001 and 2009 industry recessions, hotel managers underestimated their revenue levels by an average of 10.4 percent, while the profit deficits averaged 23.4 percent. Conversely, when market conditions were on the rise, the budget variance for revenues was a positive 1.2 percent on average, while profit goals were exceeded by 3.4 percent. For the purpose of this analysis, profits are ...
IHG Expands the Holiday Inn Express Brand in Brazil with Five Upcoming Openings in 2014 and 2015
Holiday Inn Express | October 11, 2013
Slated for Belem-Ananindeua, Porto Velho, Marilia and Rio Branco and a Newly-Signed Holiday Inn Express® Hotel in Manaus MIAMI (Oct.11, 2013) - InterContinental Hotels Group (IHG) today announces that the Holiday Inn Express® brand is expanding in Brazil with the openings of the Holiday Inn Express® Belem-Ananindeua hotel, the Holiday Inn Express® Porto Velho hotel and the Holiday Inn Express® Marilia hotel expected to open later this year. IHG also has plans for a new-build Holiday Inn Express® Manaus hotel, scheduled to open in 2014. The Holiday Inn® Express brand is the ideal choice for the smart traveler, offering them a grea...
Hotel Equities Adds Boutique 63-room Wyvern Hotel in Punta Gorda, Florida to Management Portfolio
Hotel Equities (HE) | October 8, 2013
Atlanta, GA - October 8, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) added the management contract for The Wyvern Hotel (www.thewyvernhotel.com), a 4-star boutique hotel in Punta Gorda, Florida, to its portfolio. This 63-room hotel, located on South Florida's Gulf Coast, delivers luxury without pretense as it provides upscale service and amenities. The Wyvern Hotel marks the first addition for Hotel Equities after the firm completed a joint venture with Alliance Hospitality that increased their portfolio to more than 55 hotels. With an artfully landscaped rooftop pool and lounge area, the hotel offers clear views of Char...
1375-Room Luxury, New York Hotel Confirms General Contractor and Brand
BuildCentral | October 7, 2013
Hotel-Online and BuildCentral Add/Update 193 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 7, 2013 - Hotel-Online and BuildCentral have added or updated 193 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: Johnnie Dodds Hotel (Mount Pleasant, SC) Boutique Hotel (Ocala, FL) Saxony Life Advocate Center ...
IHG and Bierwirth & Kluth Hotelmanagement GmbH to Develop Five Hotels Across Germany
IHG (InterContinental Hotels Group) | October 7, 2013
7 October, 2013 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies, has concluded a multi-development franchise agreement with Bierwirth & Kluth Hotelmanagement GmbH to develop five hotels across Germany. The first hotel under the agreement – Holiday Inn Hamburg - City Nord – has already been signed. This is IHG's sixth multiple development agreement (MDA) with a partner in Germany, continuing the momentum of the growth of its brands in Europe. The hotels signed under this agreement will include up to four of IHG's hotel brands – Hotel Indigo®, Crowne Plaza®, Holiday Inn® and Holiday Inn Exp...
Marriott CEO Tells U.S. Congress: Get Back to Work; Shutdown Is a Failure of Political Leadership
Arne Sorenson, President & CEO of Marriott International | October 4, 2013
by Arne Sorenson, President & CEO of Marriott International Marriott International's headquarters is just a few miles north of America's Capitol, the epicenter of the profoundly disappointing federal government shutdown and a looming confrontation on the debt ceiling. The impacts ripple well beyond Washington, D.C. and past U.S. borders. Others from around the world are watching this circus, which is embarrassing at best. Just like in each of the last few years, we are confronted with a failure of our political leadership that threatens an economy that wants to turn the corner to higher growth and employment. With the major attracti...
