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
Abu Dhabi Fund Buying 3 Editions from Marriott. What Does this Mean to Marriott & the Edition Brand?
August 19, 2013
by the JMBM Global Hospitality Group® For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 15 August 2013 Hotel Lawyer on the reported sale by Marriott of 3 Edition hotels. Craig Karmin and Alexandra Berzon of the Wall Street Journal broke a big story yesterday evening which appeared in the August 15, 2013 US edition of the paper at page C3. The headline is "Marriott Close to Deal to Sell Three Hotels to Abu Dhabi Fund." The story, in which I am quoted, describes reports from people close to the deal, that Marriott International is about to...
Marriott Signs Non-Binding Letter for Sale of Three EDITION Hotels for $800 Million
Marriott International, Inc. | August 16, 2013
The Hotels are Currently Under Construction in London, Miami Beach, and Manhattan BETHESDA, MD – August 16, 2013 - Marriott International, Inc. (NYSE: MAR) has recently entered into a non-binding letter of intent for the sale of three EDITION hotels subject to long-term management agreements. The three hotels (located in London, Miami Beach, and Manhattan) are currently owned by Marriott and are under construction. The residential component of the Miami Beach EDITION would not be included in this transaction. The company would retain ownership of the Miami Beach EDITION residential units pending their sale to individual purchasers. Th...
The Hard Rock Hotel San Diego – a Condo Hotel – did NOT Offer “Securities”
August 15, 2013
According to new appellate court decision in Salameh v. Tarsadia Hotel. Lower district court dismissal upheld. by the JMBM Global Hospitality Group® For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 14 August 2013 Hotel Lawyers on "hotel condo" units as securities (or NOT). An important decision on when a condo hotel does NOT involve the sale of a "security" One of the most significant challenges for developers of a condo hotel project is whether the sale of the condo units constitutes the sale of a "security." If it does, the princi...
The Smart Hotelier’s Guide to 2014 Digital Marketing Budget Planning
The Authors and HeBS Digital | August 14, 2013
By Max Starkov & Mariana Mechoso Safer Hoteliers, we have just passed the mid-year mark and it's time to plan your digital marketing budgets for next year. Budgeting season is the ideal time to assess your business objectives, as well as audit the performance of the initiatives you invested in this year. 2014 is expected to be another great year in hospitality. To start with the good news, travel demand is projected to be up by 3.3 percent while supply will be up only one percent (PKF). All three key performance metrics are expected to experience positive growth over the already robust growth in 2013. The U.S. hotel industry's occup...
Lodging Econometrics Releases its 2015 Forecast for New Hotel Openings Predicting 739 U.S. Projects
August 13, 2013
August 13, 2013 - Lodging Econometrics' (LE's) forecast predicts New Hotel Openings of 739 Projects/ 82,587 Rooms for 2015, representing a growth rate for new supply of 1.6%. This is a slow, moderate but steady uptrend improvement over 2011's cyclical bottom of 346 Projects/ 37,193 Rooms. Despite these increases, the industry is still far away from the peak for New Openings of 1,341 Projects/ 154,258 Rooms set in 2008, a feat that will not likely be repeated until late this decade, if at all. The 2015 forecast is contingent upon two factors; that the hotels already in the Pipeline continue to migrate forward at the quickened pace establ...
Seven Days of Revenue Management Success – Part One By Jean Francois Mourier
REVPAR GURU | August 13, 2013
By Jean Francois Mourier August 13, 2013 In our office, we like to begin each week as an opportunity for new successes. We forget about the challenges and obstacles we may have experienced the week prior, because every week is a chance to start over. Each week is a chance for our team to strive for excellence, and so far, it's a philosophy that has served us well. Today, it is your property's chance to start over as well. You can revamp your revenue management strategy, simply by following these seven simple steps. Using these tips, you will see drastic increases in your bookings and RevPAR, and ensure that your property has seven days ...
Pebblebrook Hotel Trust Acquires The 57-room Redbury Hotel in Hollywood, California
Pebblebrook Hotel Trust | August 12, 2013
BETHESDA, Md.--August 12, 2013--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has acquired the award-winning Redbury Hotel for $34.0 million. The 57-room, all-suite, luxury, full-service hotel is located in the center of Hollywood, California. The property will continue to be managed by sbe Hotel Group ("sbe"). "We're thrilled with the acquisition of the Redbury in the dynamic, high-barrier-to-entry Hollywood neighborhood," said Jon Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. "The hotel is ideally located at the corner of Hollywood Boulevard and Vine Street in the cent...
888 Sepulveda Hotel Development Announced for El Segundo, CA
BuildCentral | August 12, 2013
Hotel-Online and BuildCentral Add/Update 93 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 12, 2013 - Hotel-Online and BuildCentral have added or updated 93 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: Hampton Inn Hotel (Lexington, KY) Pittsburgh Technology Center Hotel (Pittsburgh, PA) The Greens at...
The 78-suite Homewood Suites by Hilton Opens in Durango, Colorado
Homewood Suites by Hilton | August 12, 2013
Durango, CO - August 12, 2013 - Homewood Suites by Hilton, the international brand of upscale, all-suite, extended-stay hotels, announces today the opening of its newest property in Durango, Co. Creating 28 permanent jobs, the three-story, 78-suite hotel is owned F2DL, LLC and will be managed by HHC Hotels, LLC. General Manager Kurt Berridge has been in the hotel industry for 24 years, and will be supported by Director of Sales, Stefanie Goodloe. "As both a business and leisure destination in Colorado, Durango welcomes guests who are seeking a hotel that offers the space to spread out and added value at a cost conscious price point," sa...
Hilton Worldwide and Lanzhou Friendship Hotel to Open 389-Room Hilton Lanzhou in China in Q1 2017
Hilton Hotels & Resorts | August 12, 2013
August 12, 2013 - LANZHOU, China - Hilton Worldwide today announced the signing of a management agreement with Lanzhou Friendship Hotel to build a hotel consisting of approximately 389 guest rooms in Lanzhou, the capital of Gansu province. Scheduled to open in the first quarter of 2017, the 389-room Hilton Lanzhou will reside in the city's central commercial district and provides Hilton Worldwide with greater access to China's rapidly developing northwest China. Francis Lee Wee-Hau, senior vice president of development, Greater China & Mongolia, Hilton Worldwide said, "The introduction of our flagship Hilton property to Gansu provin...
Reimagining Meetings Spaces: Inspired by People, for People, and the Way they Collaborate
Marriott Hotels | August 7, 2013
August 7, 2013 - London – Marriott Hotels, the signature brand of Marriott International (NYSE:MAR), is "re-imagining" traditional meeting spaces to meet a growing demand for more inspiring and creative work environments. Marriott Hotels is re-thinking everything from boardrooms, breakouts and pre-function spaces, taking a holistic approach to meetings and seamlessly integrating service, technology and contemporary design. The Munich Marriott Hotel and Amsterdam Marriott Hotel will be the first hotels in Europe to offer the "people-inspired" meeting spaces, opening in September 2013. Research conducted by Marriott and the publishers o...
First Two Hotel Openings for EVEN™ Hotels Brand to be in Rockville, Maryland & Norwalk, Connecticut
August 6, 2013
ATLANTA, Aug. 6, 2013 -- IHG (InterContinental Hotels Group) [LON: IHG; NYSE: IHG (ADRs)] today announces the signing of two EVEN™ Hotels properties, confirming locations for the highly-anticipated first hotels and continuing development momentum for the holistic wellness brand. The hotels, located at 1775 Rockville Pike in Rockville, Md., and 426 Main Avenue in Norwalk, Conn., are strategically located in major feeder markets for Washington, D.C. and New York City, and are well-suited to meet the demands of the large population of wellness-minded people living in and traveling to those areas. "We are excited to add these two new prop...
Why Data and Analytics is Revenue Management’s Reason for Being
EyeforTravel | August 6, 2013
August 6, 2013 - Revenue management professionals acknowledge that change is afoot and are gearing up to move with the times as the discipline enters new territory. Ritesh Gupta gets a look into the future in this exclusive interview with Ankur Randev of Highgate Hotels. In the next decade change in the discipline will accelerate, says Ankur Randev, vice president - revenue and distribution, Highgate Hotels. He believes the role of a revenue management professional will continue to evolve from rudimentary pricing and inventory management to having a more defined focus on total product management. This will include having responsibility ...
Hotel Westminster Expands Relationship with Infor
Hotel Westminster | August 6, 2013
Infor EzRMS Simplifies Revenue Management for Luxury Hotel in France NEW YORK - Aug. 6, 2013 - Infor, a leading provider of business application software serving more than 70,000 customers, today announced that the Hotel Westminster, a luxury hotel situated on center of the Promenade des Anglais in Nice, has selected Infor EzRMS to manage the property's revenue management function. The Hotel Westminster is an existing Infor customer for property management (PMS), and the cloud-functionality of the Infor EzRMS application is expected to help the Hotel Westminster drive faster turnover and higher profit margins and increase revenue to ac...
Great Revenue Management Isn’t a 9-5 Job
Duetto | August 6, 2013
by Anuj Jenveja, Director of Customer Success, Duetto August 6, 2013 Hotels do not receive bookings on a 9 to 5 basis. Reservations are made all times of day and night, shifting rate structures and demand patterns at hotels, even while hotel management sleeps. Pricing, therefore, and price optimization, are not "9 to 5" functions - they take place 24 hours a day, 7 days a week. Yet we've all seen properties, where a revenue manager only monitors the property during regular business hours five days a week. Once 5 p.m. hits, they clock out and either hand over the keys to overworked front desk staff, or they don't do anything at all. This...
Jean-Paul Nel Named GM of Frenchman’s Reef & Morning Star Marriott Beach Resort, St. Thomas (USVI)
Frenchman's Reef & Morning Star Marriott Beach Resort | August 5, 2013
ST. THOMAS, U.S. Virgin Islands (August 5, 2013) - Jean-Paul Nel has been named General Manager of Frenchman's Reef & Morning Star Marriott Beach Resort. In this position, he will oversee the overall operations of the iconic 450-room property on St. Thomas, U.S. Virgin Islands. A 30-year Marriott veteran, Nel most recently served as Area Vice President for the UK North region, which is a part of Marriott Europe. Prior to this, he held the position of Vice President of Operations for UKIMEA (United Kingdom, Ireland, Middle East, and Africa), where he oversaw all operational aspects of the region and played a key role in the developme...
GuestREV® To Be A Key Technology Element Of Major Expansion Project At Mohegan Sun At Pocono Downs
Mohegan Sun at Pocono Downs | August 5, 2013
Addition of new seven-story hotel and adjacent convention center slated to open this fall ATLANTA, GA - August 5, 2013 - The Rainmaker Group a world leader in automated forecasting and profit optimization software and services for the Gaming & Hospitality industry, today announced that Mohegan Sun at Pocono Downs has implemented its market-leading GuestREV® profit optimization system as a key technology element of its major expansion project at the Wilkes-Barre, PA, property, one of the largest and most distinctive entertainment, gaming, shopping and dining destinations in the Commonwealth. Tabbed Project Sunlight, Mohegan Sun at P...
Puerto Rico’s 571-room Conrad San Juan Condado Plaza Rebranded as The Condado Plaza Hilton
The Condado Plaza Hilton | August 5, 2013
SAN JUAN, Puerto Rico and MCLEAN, Va. - August 05, 2013 - Hilton Hotels & Resorts announced today that the 571-room hotel in San Juan, Puerto Rico, formerly known as Conrad San Juan Condado Plaza, has been renamed and rebranded as The Condado Plaza Hilton. Joining more than 550 Hilton hotels and resorts in 79 countries across six continents, The Condado Plaza Hilton now represents the Hilton Hotels & Resorts brand's fourth hotel on the island. Designed by renowned architect Morris Lapidus, the Condado Plaza - the hotel's original name - was inaugurated in 1963. Since then, the San Juan hotel has shared a wealth of names, includi...
Hotel Assets Group Closes Seven Hotel Transactions In July
Hotel AG | August 5, 2013
ATLANTA - August 5, 2013 - Hotel AG announced today the firm closed 7 hotel transactions in the month of July. The hotels sold consisted of a 15-story CBD hotel in a top 25 market; a 12-story full service hotel in North Carolina; 1 full service hotel in the North Central US; 3 select service hotels located in Florida; and 1 small conference center resort hotel. Keith Thompson, principal of the firm, commented, "These recent transactions are representative of the various practice groups within Hotel AG including full service and select service assets." ...
Hotel Equities and Hotel Development Partners to Develop a Hampton Inn & Suites in Dunwoody, Georgia
Hotel Equities (HE) | August 5, 2013
Atlanta, GA-August 05, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) and its joint venture partner, Hotel Development Partners (HDP), recently gained City of Dunwoody approval to develop a mixed-use project in the Dunwoody/Perimeter Center area of Atlanta. This project will include a seven-story, 132-room Hampton Inn & Suites at the corner of Ashford Dunwoody Road and Perimeter Center North, just outside I-285 across from the highly popular Perimeter Center Mall in Dunwoody, Georgia. The location is approximately 12 miles from downtown Atlanta and 22 miles north of Hartsfield-Jackson International Airport. It stands wi...
Waterford Hotel Group Names Lori Woll Director of Sales at Connecticut’s Mystic Marriott Hotel & Spa
Mystic Marriott Hotel & Spa | August 2, 2013
Groton, CT (August 2, 2013) - Waterford Hotel Group has announced the appointment of Lori Woll to the Director of Sales position for the renowned 285-room Mystic Marriott Hotel & Spa, located in Groton, CT. Woll previously served as Director of Catering for the Mystic Marriott from 2006 to 2009. The Mystic Marriott is managed by Waterford Hotel Group, a national hotel and convention center management firm. "We are delighted to welcome Lori back to the Mystic Marriott," said Brien Fox, Vice President of Sales and Marketing for Waterford Hotel Group. "Lori's prior experience with the award-winning Mystic Marriott, coupled with her ext...
The 115-room DoubleTree by Hilton Pune – Chinchwad Opens in India
DoubleTree By Hilton | August 1, 2013
PUNE, India - August 1, 2013 - Hilton Worldwide today announced the launch of DoubleTree by Hilton Pune - Chinchwad, the first international hotel brand to open in Chinchwad - Pimpri. Located in the heart of the Pune district's information technology and industrial belt, the 115-room property boasts upscale accommodations and amenities, including four food and beverage venues, an executive lounge, 24-hour business centre, versatile meeting and events spaces, pool, fitness centre and spa. DoubleTree by Hilton Pune - Chinchwad is conveniently located near more than 8,000 of the area's key businesses and manufacturers, including Hyundai, F...
Marriott Reports Q2 2013 Net Income of $179 M, Systemwide RevPAR Up 4.7%
Marriott International, Inc. | August 1, 2013
BETHESDA, Md., July 31, 2013 - View the full press release with supporting tables. SECOND QUARTER HIGHLIGHTS Second quarter diluted EPS totaled $0.57, a 36 percent increase over prior year results. Operating income increased $36 million in the second quarter to $279 million, including an estimated $20 million increase relating to the change in the fiscal calendar; North American comparable company-operated REVPAR rose 5.3 percent in the second quarter with average daily rate up 4.3 percent; On a constant dollar basis, worldwide comparable systemwide REVPAR rose 4.7 percent in the second quarter, including a 3.2 percent increase in ...
Opportunity Knocks as Real Estate and Hospitality Execs Sense More Stable Foundation For Deal Making
EY | August 1, 2013
EY's global survey shows vast majority of senior real estate, hospitality and construction executives see global economy on the upswing, positioning industry for growth NEW YORK, 1 AUGUST 2013 - Real estate executives are far more confident about the global economy than they were just six months ago, according to EY's Global Capital Confidence Barometer for Real Estate, Hospitality and Construction. The report, which surveyed 117 senior executives from real estate, hospitality and construction (RHC) companies around the world, found there is increased optimism about the global economy. Eighty-five percent of those surveyed said the global ec...
