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
IHG Signs With T&K Construction for Development of Holiday Inn in Bhutan
IHG Hotels & Resorts | July 11, 2023
11th July, 2023, Bhutan: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with T&K Construction Private Limited for its first Holiday Inn hotel in Bhutan. Featuring 100-keys, Holiday Inn Thimphu is set to open its doors in Q2 2025 and will bring an internationally renowned brand to leisure and business travellers visiting Bhutan. The hotel marks IHG’s second brand in the country, complementing the existing Six Senses Bhutan. Bhutan's captivating landscapes and natural beauty have garnered attention among leisure travelers on a global scale. In line with th...
IHG Signs With A.P.K Real Estate for Development of Holiday Inn Express & Suites Bangkok Asok
IHG Hotels & Resorts | July 10, 2023
Bangkok, Thailand – 10 July 2023: IHG Hotels & Resorts, one of the world’s leading hospitality companies, is proud to announce the signing of Holiday Inn Express & Suites Bangkok Asok with new partner A.P.K Real Estate Co., Ltd – a highly experienced real estate developer in Thailand. The landmark agreement signals the continued growth of the Holiday Inn Express & Suites brand in the country and marks the first collaboration between IHG and A.P.K Real Estate Co., Ltd, which is building on its three decades of residential experience to enter the hotel market for the first time. Holiday Inn Express & Suites Bangk...
HVS Webinar: Higher Interest Rates Are Here to Stay but the “Old Normal” Will Come Back
Russel Kett | July 7, 2023
By Russell Kett We were delighted to welcome 425 delegates to our webinar on The Status of Hotel Debt Finance on Wednesday 5 July, hosted by HVS in conjunction with Bird & Bird, AlixPartners and EP Business in Hospitality. Tim Barbrook of HVS Hodges Ward Elliott and James Salford of Bird & Bird led off with a detailed presentation, explaining how we have got to where we are now, focusing on the impact of inflation and its effect on interest rates, and predicting what the future holds. They commented that lenders are now tending to focus their support on budget / limited service and luxury hotels. Interest cover...
IHG Debuts voco Brand in Lebanon With Signing of voco Beirut Central District
IHG Hotels & Resorts | July 6, 2023
Beirut, Lebanon, 6th July 2023: IHG® Hotels & Resorts, one of the world’s leading hotel companies with more than 6,000 hotels, across 18 distinct brands, has announced the signing of a franchise agreement with DIA SARL to debut IHG’s premium brand, voco, in the Lebanese capital. The signing took place in Beirut, in the presence of H.E. Walid Nassar, the Minister of Tourism for Lebanon. A conversion property, voco Beirut Central District is scheduled to be rebranded by the end of this year, adding 123 rooms to IHG’s portfolio in the country. Globally, with 46 open hotels and over 50 hotels in the pipeline, voco continues to be ...
Fairmont Signs With Select Group For Redevelopment of The Mere in Cheshire
Fairmont Hotels & Resorts | July 5, 2023
5 July 2023 – Fairmont Hotels & Resorts, a world-leading luxury hotel brand within the Accor group, in partnership with Dubai-based real estate development and investment firm, Select Group, today announced the signing and redevelopment of the historic The Mere in Cheshire. The signing reconfirms Accor’s commitment to strategic growth in global markets, capitalizing on the international strength and vision of the luxury Fairmont brand and its collection of grand hotels around the globe. Overlooking The Mere Lake on the outskirts of the affluent town of Knutsford, Cheshire, the 157-acre resort today offers 81 luxurious guest room...
Hotel Indigo Makes Brand Debut in Romania With New Signing
IHG Hotels & Resorts | July 5, 2023
IHG Hotels & Resorts, one of the world’s leading hospitality companies, today announces the signing of Hotel Indigo Satu Mare, a brand debut in Romania. This latest signing delivers the lifestyle brand’s market debut in the Balkan nation and strengthens the brand’s presence in Eastern Europe. Located in one of the area’s best-known Art Nouveau building in Satu Mare, the hotel will celebrate the neighbourhood’s individuality through a reimagined upscale boutique-design - creating a gateway to discover the local culture. Satu Mare is a city located in Romania’s northern borderlands and is known as a gateway to some of the ...
IHG and Recha Estate Launch Development for Hotel Indigo Bangkok Thonglor in Thailand
IHG Hotels & Resorts | June 30, 2023
Bangkok, Thailand – 30 June 2023: IHG Hotels & Resorts, one of the world’s leading hospitality companies, today announces the signing of Hotel Indigo Bangkok Thonglor in partnership with Recha Estate Co., Ltd. Scheduled to open in 2026, the 250-room property – situated in one of Thailand’s trendiest districts – is part of the continued growth of IHG’s Luxury & Lifestyle estate in the country and marks its first collaboration with the long-time real estate developers. Saowarin Chanprakaisi, Senior Director, Development, South East Asia and Korea, IHG Hotels & Resorts said: “Luxury & Lifestyle brands ha...
Chartwell Hospitality and Rockbridge Break Ground on Three Hotel Portfolio in Middle Tennessee
Chartwell Hospitality | June 30, 2023
NASHVILLE, Tenn.--Chartwell Hospitality and Rockbridge today announced they are expanding premium hospitality options in Middle Tennessee by developing three new hotels in high-growth neighborhoods. Construction will begin in Summer 2023 on a TownePlace Suites by Marriott in Brentwood, Tenn., a TownePlace Suites by Marriott in Murfreesboro, Tenn., and a Home2 Suites by Hilton in Lebanon, Tenn. “The Greater Nashville area is a vibrant place and rapidly growing. With the influx of people and businesses, the Middle Tennessee area is in high demand for a variety of lodging options,” said Will Schaedle, Executive Vice President of Chartw...
Urban Villages Celebrates Topping Out of the 265-room Populus in Denver, Colorado
Urban Villages | June 30, 2023
DENVER (June 30, 2023) – Urban Villages, a leading real estate developer and environmental steward, is pleased to announce that Populus, the first carbon positive hotel in the United States, has topped out. The milestone marks the completion of vertical structure for the 13-story, 265-room hotel which will open in Denver in Spring 2024. Managed by Aparium Hotel Group, Populus features a distinctive Aspen tree-inspired design by architecture and urban design practice Studio Gang and will offer a rooftop restaurant and bar with stunning mountain and city views. As the country’s first carbon positive hotel, Populus’s carbon footprint w...
David S. Brown Enterprises Launches Development for Element by Westin® Hotel Planned for Metro Centre Owings Mills, Maryland
David S. Brown Enterprises, LTD. | June 28, 2023
OWINGS MILLS, Md., June 28, 2023-- David S. Brown Enterprises announces plans for a new lifestyle hospitality offering at Metro Centre in Owings Mills. Crescent Hotels & Resorts, the management company for the Marriott Owings Mills Metro Centre will be managing the brand new Element as well. This summer, the real estate developer will break ground on the Element by Westin® hotel, joining the AAA Four Diamond Marriott Owings Mills Metro Centre which opened to incredibly positive reviews in December 2021. Element Hotels, a part of Marriott Bonvoy's extraordinary portfolio of 31 leading brands, is designed for today's healthy, active...
Development Launched for 300-room Holiday Inn Resort Kasauli in North India
IHG Hotels & Resorts | June 27, 2023
27 June, 2023, New Delhi: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with AHG Hotels & Resorts Private Limited to develop the Holiday Inn Resort Kasauli. The new-build property will feature 300 rooms. The signing of the new Holiday Inn Resort Kasauli will further strengthen the brand’s presence in key tourism destinations and enable IHG to sustain growth momentum within the Indian market. Holiday Inn Resort Kasauli will be located within one of Kasauli's largest and most prominent resort areas, offering excellent visibility and convenient access to...
IHG Signs With AHG Hotels & Resorts to Develop Holiday Inn Resort Kasauli in India
IHG Hotels & Resorts | June 26, 2023
26 June, 2023, New Delhi: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has announced the signing of a management agreement with AHG Hotels & Resorts Private Limited to develop the Holiday Inn Resort Kasauli. The new-build property will feature 300 rooms. The signing of the new Holiday Inn Resort Kasauli will further strengthen the brand’s presence in key tourism destinations and enable IHG to sustain growth momentum within the Indian market. Holiday Inn Resort Kasauli will be located within one of Kasauli's largest and most prominent resort areas, offering excellent visibility and convenient...
IHG Partners With Destination Group for Holiday Inn Resort Pattaya
IHG Hotels & Resorts | June 26, 2023
Bangkok, Thailand – 26 June 2023: IHG Hotels & Resorts, one of the world’s leading hospitality companies, today announces the signing of Holiday Inn Resort Pattaya in partnership with Destination Group, a leading hospitality and restaurant company in Thailand. Together with the recently signed Holiday Inn Resort Phuket Surin Beach and Holiday Inn Resort Phuket Karon Beach, the agreement is the third collaboration for a conversion property in the country between the two partners. Located just 10 minutes from central Pattaya and 200 metres from Pratumnak beach, Holiday Inn Resort Pattaya will open in late 2024 following its ...
PVNG Integrates With Plaid for Secure Financial Institution Connectivity for Hotels
Aptech Computer Systems Inc. | June 26, 2023
Aptech is the first hospitality company to link its hotel-specific enterprise accounting solution to the popular data network to achieve seamless, secure access to bank reconciliation data; Visit Aptech in Booth 1301 at HITEC PITTSBURGH, JUNE 26, 2023 — Aptech, provider of customizable financial-management software for single hotels or multi-property/multi-brand enterprises, announces an integration with Plaid, a data network powering the digital financial ecosystem. By connecting Aptech’s PVNG enterprise accounting solution to the Plaid platform, properties will achieve seamless and secure access to thousands of financial accounts for...
Aptech to Unveil NEW Solution Upgrades & Financial Reconciliation Integration at HITEC Toronto
Aptech Computer Systems, Inc. | June 22, 2023
Attendees are encouraged to visit the 100% hospitality focused provider of enterprise accounting, business intelligence and budgeting/forecasting solutions in Booth 1301 PITTSBURGH, June 22, 2023 — Next week at HITEC® Toronto, Aptech will reveal a series of upgrades to its three innovative financial-management solutions, PVNG, Execuvue, and Targetvue. Produced by Hospitality Financial and Technology Professionals (HFTP®), this premier hotel technology tradeshow is the ideal forum to shop for the latest in financial-management software designed to help operators cut costs and improve their bottom lines. Aptech’s 100% hospitality foc...
Hilton Signs With Premier Choice to Open Hilton Garden Inn Islamabad
Hilton Garden Inn | June 21, 2023
ISLAMABAD, Pakistan – Hilton (NYSE: HLT) has announced the signing of its first Hilton Garden Inn in Islamabad. Set to open in 2027, Hilton Garden Inn Islamabad was signed with multinational real estate development company Premier Choice and will bring Hilton’s award-winning Hilton Garden Inn brand to Orchard Boulevard in Defence Housing Authority (DHA) – Phase 1, the newest commercial hub of the twin cities of Islamabad and Rawalpindi. Hilton Garden Inn Islamabad will be centrally located adjacent to the gates of the DHA. Developed by Premier Choice, the project is situated at the centre of Premier Choice’s flagship development,...
The Ruby Group Secures Second Location in Dublin
Ruby Hotels | June 21, 2023
Dublin / Munich, June 2023//…The Ruby Group, led by CEO and founder Michael Struck, continues to expand its presence in Ireland: after Ruby Molly, which will open in Q3 / 2024 on the Emerald Isle, Ruby has now secured its second project in Dublin. In addition to Germany, Austria, the UK, Switzerland, the Netherlands, Italy and France, Ireland is the eighth brand entry in Europe, with two leases signed in Ireland within a year. The second Ruby Hotel will be a new building with 257 rooms that will feature a rooftop bar as well as prominent space in the entrance area. Thanks to its central location on Middle Abbey Street in Dublin's city cen...
Hilton Signs With High Street Development Company to Open Hilton Accra Cantonments
Hilton Hotels & Resorts | June 20, 2023
ACCRA, Ghana - Hilton has signed a management agreement with High Street Development Company Limited to open Hilton Accra Cantonments, a new build hotel that will mark Hilton’s debut in Ghana. The announcement was made ahead of the Africa Hotel Investment Forum (AHIF) which is set to take place in Nairobi this week. The hotel will be located in Cantonments, an upscale suburb which is home to multiple embassies and high commissions - including the US and French embassies which will be within walking distance of the property. Hilton Accra Cantonments will also be less than five kilometres from Kotoka International Airport, making it a co...
Radisson to Debut Luxury Brand in Egypt With Signing of Radisson Collection Resort, Marsa Alam Port Phoenice
Radisson Hotel Group | June 20, 2023
DUBAI, United Arab Emirates, June 20, 2023-- Radisson Hotel Group announces the signing of Radisson Collection Resort, Marsa Alam Port Phoenice in Egypt. This signing debuts Radisson Hotel Group’s third brand in Egypt, Radisson Collection, and is a fantastic addition to the current portfolio, bringing the Group’s footprint in the country to eight hotels in operation and under development. It also reflects the transformation of the Group in the region. Radisson Collection is a unique collection of iconic properties, reflecting an authentic local influence, living design, and vibrant social scene. In the collection of exceptional hotel...
Marriott International Signs With Delaware Investment Limited to Launch Luxury Safari Lodge in the Serengeti
JW Marriott | June 20, 2023
DODOMA, Tanzania, June 20, 2023 -- Marriott International, Inc. (JW-Marriott.Marriott.com) today announced that it has signed an agreement with Delaware Investment Limited to open its first JW Marriott luxury safari lodge in the Serengeti, Tanzania. Expected to open in 2026, the lodge will be situated within the Serengeti National Park, a protected UNESCO World Heritage Site and one of the most renowned safari destinations in Africa, home to endless plains, the incredible Great Migration and some of the largest herds on the planet. JW Marriott Serengeti Lodge is expected to offer 30 private suites, including two presidential suites, all of...
Radisson Hotel Group Signs Three New Hotels in Nigeria
Radisson Hotel Group announces three new hotels in Nigeria, cementing its leading position as one of the largest global hotel operators in the country From: News Release - APO Group
LAGOS, Nigeria, June 19, 2023/ -- Radisson Hotel Group, one of the fastest-growing international hotel companies and one of the largest hotel operators in Nigeria, continues its ambitious growth in the country with the signing of three new hotels. These new hotels include the highly anticipated debut of the bold and cutting-edge upscale lifestyle Radisson RED brand to the country and cemented the Group’s introduction in Abuja with two brands. The hotels add over 400 rooms to Radisson Hotel Group’s Nigerian portfolio comprising of 11 hotels in operation and under development, placing the group firmly on track to reach their objective o...
Hilton Signs With Dangayach Group to Debut Flagship Brand in Delhi-NCR
Hilton Hotels & Resorts | June 19, 2023
DELHI, India – Hilton (NYSE: HLT) today announced the signing of Hilton Sohna Resort & Spa, marking the debut of its flagship brand in the Delhi-NCR region. This marks Hilton’s second hotel and management agreement with the Dangayach Group, following the recent landmark signing of the country’s first Waldorf Astoria in Jaipur. "We are excited to bring Hilton's flagship brand to Delhi-NCR and celebrate our deepening partnership with Dangayach Group,” said Navjit Ahluwalia, senior vice president and country head, India, Hilton. “As Hilton strategically expands across India, we look forward to welcoming even more guests with o...
Hospitality Financial Leadership – Why You Need an Internal Control Review Program in Your Hotel
David Lund | June 19, 2023
By David Lund Here is the scenario You finally have a full-blown accounting policy manual in place. It has taken several months and a lot of work, but it is done. Something to be proud of indeed! But, wait a minute, it seems like no one knows about these policies and whenever you speak about such and such internal control not being followed, you get the deer in the headlights look. This all too familiar stare means one thing, these people have no idea what you are talking about. Your policy manual might be complete but you are still a long way from compliance. What is the solution? The answer is you need a regular program to test ...
Newport Hospitality Group Chooses Single Provider to Run ALL Financial Processes Across 50 Hotels
Aptech Computer Systems Inc. | June 19, 2023
From accounting and business intelligence to budgeting and forecasting, the results-driven hotel management company relies solely on Aptech to run its multi-property, multi-brand operations; Visit Aptech at HITEC Toronto in Booth 1301 PITTSBURGH, June 19, 2022 — Good things come in threes. For Newport Hospitality Group (NHG), this idiom is proven in its recent deployment of Execuvue, Targetvue, and PVNG – three innovative financial-management solutions from Aptech. This trifecta of accounting, business intelligence, and budgeting/forecasting software is now LIVE at 45 NHG managed hotels, representing Hilton, Marriott, Hyatt, Choice, Wy...
