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
Marriott Signs With Zhejiang Wanhao Wanjia Group to Develop Two Properties in Qiandao Lake
Marriott International | December 18, 2023
The St. Regis Qiandao Lake and AC Hotel by Marriott Qiandao Lake are slated to open in late 2026 in Zhejiang Province, Eastern China Marriott International, Inc. recently announced it has signed an agreement with Zhejiang Wanhao Wanjia Group to develop two properties in Qiandao Lake, located in eastern China’s Zhejiang Province. The St. Regis Qiandao Lake and AC Hotel by Marriott Qiandao Lake are expected open in December 2026, bringing the St. Regis brand’s signature luxury and timeless heritage, complemented with AC Hotels’ modern design and intuitive service to a destination famous for its vast expanses of shimmering blue-gree...
IHG Signs With XECO Media to Bring Holiday Inn Resort to Karjat, Maharashtra
IHG | December 18, 2023
The new-build resort with 150 keys will open its doors to guests in 2027 18 December 2023, New Delhi: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with XECO Media LLP to bring a new Holiday Inn Resort to the city of Karjat, Maharashtra. Set to open in 2027, the resort will add 150 keys to IHG’s portfolio in the state. The signing is a strategic move underscoring IHG's commitment to providing diverse and exceptional hospitality experiences across leisure destinations in the country. The new-build resort will be situated in the resort town of...
Hospitality Financial Leadership: Explaining Accounting
David Lund | December 18, 2023
By David Lund No one can explain accounting. I have some pretty crazy situations presented to me by potential clients. I say crazy and I what that means is that it is almost unbelievable that anyone would find themselves in such a mess with their business and their books. I also say potential client. Almost always it is never going to be a client, but because I am out there – and in order to find real customers – I must kiss a lot of frogs. I am not complaining. To the contrary I am only too happy to speak with just about anyone who has a problem and thinks I can help. I provide a service and in order to get a paying cl...
The Cordish Companies Breaks Ground on New $270+ Million Live! Casino & Hotel Louisiana
The Cordish Companies | December 14, 2023
World-Class Gaming, Hotel, Dining, and Entertainment Destination to Feature First Land-Based Casino in Shreveport-Bossier Market New Development Projected to Generate More Than $200 Million in City and State Gaming Tax Revenue in First Five Years of Operation, and Create Approximately 1,500 New Jobs for the Region BOSSIER CITY, La., Dec. 14, 2023 -- LRGC Gaming Investors, LLC, an affiliate of The Cordish Companies, today celebrated the commencement of construction on the first land-based casino in the Shreveport-Bossier market and the $270+ Million LIVE! CASINO & HOTEL LOUISIANA, a project that will serve as a regional...
Capital Square and Method Co. Mark Construction Milestone With Topping Out of Luxury Boutique Hotel in Charleston Opportunity Zone
Capital Square | December 14, 2023
CHARLESTON, S.C., Dec. 14, 2023 -- Capital Square, one of the nation's leading sponsors of tax-advantaged real estate investments and an active developer and manager of housing communities, and Method Co., a real estate development, design and management company, announced today the topping out of their new project, a 50-unit, luxury boutique hotel in historic downtown Charleston. The as-yet-unnamed development, located at 529 King Street within a qualified opportunity zone, is expected to be completed by summer 2024. "Capital Square focuses on development opportunities in growing Southeastern markets, including Charleston, Raleigh, ...
Le Méridien Fort Worth Downtown to Open Spring 2024
Le Méridien Fort Worth Downtown | December 14, 2023
Fort Worth’s first Le Méridien hotel fuses Texan bravado and European flair FORT WORTH, TX [December 14, 2023] - Nestled in the crossroads of Texan heritage and cultural innovation, Le Méridien Fort Worth Downtown is positioned to weave its own chapter into the tapestry of the historic city of Fort Worth. In partnership with premier real estate investment and development company, Blueprint Hospitality, and operated by Remington Hospitality, the 14-story boutique hotel is an addition to Marriott Bonvoy, Marriott International’s award-winning travel program, and is set to open in spring of 2024 as a nod to the city’s storied p...
Choice Hotels Completes Radisson Hotels Americas Integration Just 16 Months After Acquisition
Choice Hotels | December 13, 2023
Company's Expertise and Experience in Integrating Hotel Brands Results in Rapid Onboarding of Hundreds of Radisson Properties NORTH BETHESDA, Md., Dec. 13, 2023 -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest and most successful lodging franchisors, announced today that it has completed the integration of the Radisson Hotels Americas business, transitioning nearly 600 hotels to Choice's world-class franchise success system and digital platforms. The milestone comes just 16 months after Choice acquired the Radisson Hotels Americas brands in August 2022. "Completing the integration in such a short amount o...
IHG Partners With A.R Resorts & Hotels to Develop voco Amritsar Airport
IHG | December 13, 2023
The signing marks India’s fifth voco hotel as the brand sees rapid expansion in the country 13 December 2023, New Delhi: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with A.R Resorts & Hotels Pvt Ltd to develop a new hotel in the city of Amritsar - voco Amritsar Airport. The 139-keys hotel is set to open its doors to travellers in December 2024. voco offers a premium experience to guests and combines the informality and charm of an individual hotel with the quality and reassurance of a global and respected brand. Marking the fifth voco hotel in India and the first in ...
Trump International Beach Resort Leveraging a Trifecta of Financial Management Tools to Optimize Operations
Aptech Computer Systems Inc. | December 13, 2023
The four-star luxury resort in Miami says the customer service and support for Aptech’s enterprise accounting, business intelligence and budgeting and forecasting software is ‘Outstanding’ PITTSBURGH, December 13, 2023 – Trump International Beach Resort in Miami has selected Aptech to gain access to the financial information it needs to make effective business decisions. The popular luxury destination is leveraging the complete portfolio of Aptech solutions – PVNG, Execuvue, and Targetvue – to streamline all enterprise accounting, business intelligence and budgeting and forecasting processes, making the property more financially ...
IHG Hotels & Resorts and RAK Properties Expand Partnership With the Introduction of Staybridge Suites Mina Al Arab in Ras Al Khaimah
IHG | December 12, 2023
Located on Hayat Island, the developement will be designed to meet the needs of extended-stay business and leisure travellers. Dubai, 12 December 2023: RAK Properties PJSC, (ADX: RAKPROP), Ras Al Khaimah’s leading publicly listed property developer announced that it has expanded it’s strategic relationship with IHG Hotels & Resorts (IHG®) with the introduction of ‘Staybridge Suites Mina Al Arab’ on Hayat Island. The 156-key Staybridge Suites Mina Al Arab will offer studio, one and two-bedroom appartments blending contemporary design with spacious layouts. The 14-storey tower will feature a fully equipped fitness center, b...
Maine Course Hospitality Group Breaks Ground on TownePlace Suites by Marriott in Williston, Vermont
Maine Course Hospitality | December 12, 2023
Williston, VT – December 12, 2023 – Maine Course Hospitality Group, a leading hotel management company, is thrilled to announce the groundbreaking of a new TownePlace Suites by Marriott in the picturesque town of Williston, Vermont, a submarket of the greater Burlington area. This exciting venture is a result of a collaborative effort between Maine Course Hospitality and Redstone VT Property Management, the property's owner and developer. The groundbreaking ceremony marks the beginning of a project that promises to bring modern accommodations and hospitality excellence to the heart of Vermont's thriving community. The new TownePlace Su...
Accor Signs With JSC “Dallmark LTD” for First Hotel in Tajikistan
ACCOR | December 12, 2023
Accor, a world leading hospitality group, announces the signing of a cooperation agreement with the representative office of construction and investment company JSC “Dallmark LTD” to open a new Swissôtel on Rudaki Avenue in Dushanbe. The official signing ceremony, which took place at Safo Dushanbe Hotel, was attended by Hamzaali Fazilov, Director of the Representative office of JSC “Dallmark Ltd” in the Republic of Tajikistan, and Alexis Delaroff, Chief Operating Officer of Accor New East Europe. Swissôtel in Dushanbe became Accor’s first project signed in Tajikistan. The new premium hotel will offer traditional Swiss hospitali...
Stayntouch Raises $48 Million in Strategic Growth Equity Investment Led by Sixth Street Growth
Stayntouch | December 12, 2023
New York, December 12, 2023 – Stayntouch, a global leader in cloud hotel property management systems (PMS), today announced it has secured $48 million in financing in a strategic growth equity investment led by Sixth Street Growth, the technology growth investing arm of Sixth Street. Founded in 2012 and acquired by MCR in 2020, Stayntouch offers an intuitive cloud PMS for hotels to streamline operations and connect front and back office functions, including reservations, front desk operations, payments, revenue management and reporting, and multi-property management. In October 2022, the company launched Stayntouch 2.0, which expanded it...
PENN Entertainment Breaks Ground on Second Hotel Tower at The M Resort
The M Resort | December 11, 2023
WYOMISSING, Pa. & HENDERSON, Nev.--PENN Entertainment, Inc. (“PENN” or the “Company”) (Nasdaq: PENN) announced today that it will host a groundbreaking ceremony for the second hotel tower at M Resort this afternoon at 2 pm PST. “We can’t wait to begin construction on a second hotel tower at M Resort,” said Jay Snowden, CEO and President of PENN Entertainment. “This new addition will benefit from the strong demand of the Henderson locals market while providing much needed additional room capacity for group business that is drawn to our market-leading resort and amenities, including our highly successful partnership with ...
IHG and ACTUR Partner to Develop Six Senses Xala on Mexico’s Pacific Coast
Six Senses | December 11, 2023
BANGKOK – December 11, 2023 – Six Senses, part of the IHG Hotels & Resorts luxury and lifestyle portfolio, has signed a hotel management agreement with Activos Turisticos de Mexico (ACTUR) for the development of Six Senses Xala, which is scheduled to open in 2026. Xala: a thousand simple moments Flanked by five miles of curving white-sand beach, the 3,000-acre terrain, located in the Costalegre or “Cheerful Coast” region of Jalisco, will offer both a sanctuary and a vibrant community among fragrant mango fields, coconut palms, pristine ocean, and the serene estuary waters of the Xola-Paramán. Six Senses Xala: disconnect ...
Marriott Signs With Enjoy Group to Launch Two Additional Autograph Collection Hotels in Costa Rica
Autograph Collection Hotels | December 11, 2023
Expected to debut in 2025, two additional properties propel companies’ plans to craft an exclusive array of locally inspired hotels in Costa Rica under the Autograph Collection brand, promising a unique and culturally immersive hospitality experience. Plantation, Fla. December 11, 2023 – Marriott International announced today it has signed an agreement with Enjoy Group to launch two additional Autograph Collection hotels in Costa Rica reinforcing the companies' vision to create an exclusive array of locally inspired hotels in the country. Anticipated to open in the last quarter of 2025, Villa Lapas, Autograph Collection and Marina ...
Rosewood and Murbee Resorts Partner to Expand in Caribbean With Development on Barbuda
Rosewood Hotels & Resorts | December 7, 2023
HONG KONG, Dec. 7, 2023 -- Rosewood Hotels & Resorts® is proud to announce today that the secluded island of Barbuda will welcome its latest Caribbean escape as the brand looks to further expand into this highly coveted region. Developed by Murbee Resorts, Rosewood Barbuda will bring an intimate expression of Rosewood's ultra-luxury hospitality experience to the island, featuring 50 resort suites and 35 Rosewood Residences. Known for its year-round warm weather, turquoise water, pink sand beaches, and authentic local culture, Barbuda is an ideal fit for Rosewood as the brand grows its presence throughout the Caribbean island...
Hilton Expands Signia by Hilton Portfolio With Signing of Signia by Hilton Indianapolis
Hilton | December 7, 2023
Expected to open in late 2026, the 800‑room property will serve as the latest anchor hotel connecting to the Indiana Convention Center INDIANAPOLIS and MCLEAN, Va. – Today, global hospitality leader Hilton (NYSE: HLT) announced the official signing of a management agreement for the 800-room Signia by Hilton Indianapolis, growing the existing Signia by Hilton portfolio. Currently under construction and expected to open in late 2026, the new-build Signia by Hilton Indianapolis will serve as the latest anchor hotel connecting to the Indiana Convention Center via skywalk as part of the city’s $710 million convention center expansion....
Construction To Begin on Marriott Renaissance Hotel Coming to North America’s Largest Research Park
NexPoint | December 7, 2023
RESEARCH TRIANGLE PARK, NC [December 7, 2023] The Research Triangle Foundation of North Carolina, stewards of Research Triangle Park (RTP), today unveiled the official hotel plans for its vibrant, downtown destination, Hub RTP. An affiliate of real estate investment firm NexPoint Advisors, LP, recently completed the purchase of a prime site in the heart of the Hub RTP development, working with Dallas-based developer Alamo Manhattan to deliver a Marriott-branded Renaissance Hotel to the project. The 250-room, full-service hotel is poised to become a cornerstone of activity for Research Triangle Park and the growing Triangle area, creatin...
Marriott and Palm Hills Developments Sign Agreement to Open the Ritz-Carlton Cairo, Palm Hills in Egypt
Marriott International | December 6, 2023
Slated to open in 2027, the hotel will be located in Palm Hills West Cairo, in close proximity to the Great Pyramids of Giza CAIRO, Egypt, December 6, 2023 -- Marriott International, Inc. today announced it has signed an agreement with Palm Hills Developments to open The Ritz-Carlton Cairo, Palm Hills, signaling a commitment to strengthening its portfolio of properties across the company’s luxury brands in Egypt. “We are thrilled to work with Palm Hills Developments to bring a new level of exceptional luxury and unrivaled elegance to West Cairo,” said Sandeep Walia, Chief Operating Officer – Middle East, Marriott International. ...
The Leela Palaces, Hotels and Resorts Announces Its Foray Into Northeast India With the Signing of a 140-Room Hotel in Sikkim
The Leela Palaces, Hotels and Resorts | December 5, 2023
MUMBAI, India, Dec. 5, 2023 -- The Leela Palaces, Hotels and Resorts, one of India's leading luxury hotel brands, today announced the signing of a management agreement for a 140-room hotel in Ranka in Sikkim, marking the foray of the brand into Northeast India. Owned by the SIBIN Group, the project Leela Sikkim is located approximately 10 kilometres from the capital city, on a 17-acre plot overlooking the Gangtok Hill. Slated to open in December 2026, The Leela Sikkim is set amidst the serene backdrop of the Himalayas and is poised to redefine the hospitality landscape of the region with its inspirational design, thoughtful programming a...
Bellefield at Historic Hyde Park’s First Hotel, Inn at Bellefield, Opening January 2024
Bellefield at Historic Hyde Park | December 5, 2023
HYDE PARK, N.Y.--Bellefield at Historic Hyde Park, a $1 billion, world-class hospitality, agritourism and residential destination located directly across from the Culinary Institute of America, will soon conclude construction of its first structure, the Inn at Bellefield Residence Inn by Marriott International, a 137-room all-suite hotel with sophisticated amenities that will provide an elite lodging experience. The Inn at Bellefield is now accepting reservations starting January 14, 2024 and expects to welcome its first guests shortly thereafter. The Inn at Bellefield is a $55 million project developed by T-Rex Capital Group, LLC, in partn...
IHG Partners With ALAND to Open voco Gosford in Australasia
IHG | December 4, 2023
4 December 2023: IHG Hotels & Resorts (IHG) is delighted to announce the signing of the seventh voco in Australasia, partnering with leading Sydney developer ALAND to open voco Gosford in regional New South Wales in early 2025. The brand-new voco Gosford will form part of Archibald by ALAND, a landmark mixed-use development precinct overlooking the magnificent Brisbane Water. Named after Archibald Acheson, the second Earl of Gosford, the highly anticipated development covers 5,656sqm and will include 320 residential apartments, a 130-room lifestyle hotel, a portfolio of impressive hospitality venues and a podium outdoor pool with s...
Dusit Signs With Gamuda Land for ASAI Gamuda Cove in Malaysia
Dusit International | December 1, 2023
ASAI Gamuda Cove, Gamuda Land’s maiden hotel project, will uniquely link guests with a host of eco-friendly attractions, such as SplashMania Waterpark, Discovery Park, and Paya Indah Discovery Wetlands in a beautiful location just 40 minutes by car from Kuala Lumpur city centre. Bangkok, Thailand – 1 December 2023 – Dusit Hotels and Resorts, the hotel arm of Dusit International, one of Thailand’s leading hotel and property development companies, has signed a Hotel Management Agreement with Gamuda Land, Malaysia’s leading property developer, to manage ASAI Gamuda Cove – Dusit’s first hotel in Malaysia and the first hotel dev...
