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
The Cavalier Resort Welcomes Embassy Suites by Hilton Virginia Beach Oceanfront, Set to Open in February 2023
The Cavalier Resort | June 29, 2022
VIRGINIA BEACH, Va., June 29, 2022 - The all-new Embassy Suites by Hilton Virginia Beach Oceanfront Resort is on pace to open its doors by February of 2023. With its completion, the acclaimed Cavalier Resort will play host to 3 iconic hotels, all on one luxury Resort property located in the prestigious semi-private North End of the Virginia Beach Oceanfront. The hotel's opening is a rare recognition and Virginia Beach will join destinations such as Dorado, Puerto Rico, Scottsdale, Arizona, and Honolulu, Hawaii as one of only twelve Embassy Suites By Hilton locations nation-wide to receive the brand's Resort designation. The Embass...
Four Seasons and Vanzhong Group to Develop Four Seasons Hotel Xi’an in China
Four Seasons Hotel Xi'an | June 28, 2022
TORONTO, June 28, 2022 -- Leading luxury hospitality company, Four Seasons Hotels and Resorts and esteemed Chinese development firm, Spring Garden Company Limited, a subsidiary of Vanzhong Group, announce plans for the upcoming Four Seasons Hotel Xi'an. Four Seasons and Vanzhong Group Announce Luxury Hotel in Xi’an. "Xi'an is a dynamic destination known for its history, culture and incredible growth grounded in the city's flourishing tourism and technology sectors," says Bart Carnahan, President, Global Business Development and Portfolio Management, Four Seasons Hotels and Resorts. "We are thril...
Banyan Tree Group Debuts in Japan with Five Upcoming Properties
Banyan Tree Group | June 28, 2022
Singapore, 28 June 2022 – Banyan Tree Group today announces its expansion into Japan, a frontier location for the global, multi-branded hospitality group. This introduction of four brands marks the Group’s first-ever entry into Japan since its inception in 1994, and further reinforces its stronghold in Asia. Through a partnership with Wealth Management Group, Dhawa Yura and Garrya Nijo Castle have just launched earlier this month, while Banyan Tree Higashiyama and Banyan Tree Ashinoko Hakone are set to open from now through 2026. Separately, Banyan Tree Group has just signed a new partnership with Terraform Capital that will lead to ...
Club Med Unveils Resort in Kiroro Japan with 400-key Club Med Kiroro Peak to Open in December 2022
Club Med | June 28, 2022
Singapore, 28 June 2022 – During a reveal event with partners in Club Med Singapore’s newest office, Henri Giscard d’Estaing, President of Club Med, announced its newest addition to its portfolio of resorts in Hokkaido, Japan. Opening in December 2022, Club Med Kiroro, Hokkaido will offer an ideal getaway for city folks—with one-of-a-kind untouched snow experience and natural environment right at the thick, where mountain meets ocean and offering guests access to some of the best powder snow in the world, with long ski seasons and fresh ski tracks. The new Club Med Kiroro will be a takeover and combination of two existing propertie...
IHG Hotels & Resorts Signs Management Agreement to Develop the Holiday Inn Gurgaon NH 8 in India.
IHG Hotels & Resorts | June 28, 2022
New Delhi, June 28, 2022: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Oriental Structural Engineers Pvt. Ltd. to develop a new Holiday Inn hotel - Holiday Inn Gurgaon NH 8 in the NCR region. The new-build property featuring 139 keys is expected to be operational by the first quarter of 2025. Strategically located on the NH8 highway, which connects Delhi Airport to Gurgaon, the hotel is expected to benefit from excellent visibility and accessibility. Given close proximity to established commercial development located within a 3-5 km radius, the hotel will be well positio...
Until the Dust Settles, Zero-Based Budgeting Is Indispensable
HotStats | June 27, 2022
Some forecasts make sense. George Carlin once astutely predicted the night’s weather: dark. On the other hand, handicapping the future—especially the economy—is a fool’s errand. Here’s what Jamie Dimon once said about it: “No one can forecast the economy with certainty.” If the CEO of JPMorgan Chase can’t do it, good luck to anyone else. His comment rings more true than ever. COVID-19 cast the hotel industry into a free fall and just as the global recovery began to germinate, along came inflation, supply-chain distress, labour shortages, exploding energy and fuel costs and a host of other severe issues that make running a h...
TOP-OFF Celebration Occurs for the New Hyatt Place Melbourne Airport Hotel at Florida’s Melbourne Orlando International Airport
June 27, 2022
Hollywood, FL, June 27, 2022 -- Officials gathered June 16, to celebrate the TOP-OFF of a 143-room Hyatt Place hotel scheduled to open in 2023. The hotel is a key component of the Melbourne Orlando International Airport’s (MLB) historic growth and is being developed by ADËLON Capital, headquartered in Hollywood, Florida, and constructed by Certified General Contractors of Melbourne, Florida. Co-owners ADËLON Capital and Twenty8 group are continuing to invest in the area with what will be a sophisticated five-story, four- star hotel featuring inspired guestrooms and premium suites with energizing design and insightful in-room techno...
Kuala Lumpur Metro Group Celebrates Construction Milestone With Imperial Lexis Kuala Lumpur and Grandview Residence
Kuala Lumpur Metro Group | June 27, 2022
Kuala Lumpur, 27 June 2022 – Kuala Lumpur city’s appeal as a destination of choice for business and leisure travellers is expected to be strengthened further with the soon-to-open Imperial Lexis Kuala Lumpur, a 5-star hospitality enclave and luxury city hotel and Grandview Residence, a luxury residence, strategically located in the heart of Kuala Lumpur, in Jalan Kia Peng, with close proximity to Petronas Twin Towers, KL Tower, KL Convention Centre, KLCC Park, and skyscrapers including Exchange 106. In recognition of Imperial Lexis Kuala Lumpur and Grandview Residence reaching its highest point in construction, a “topping out” cere...
Marriott International Signs Agreement With Vinpearl to Add Eight Hotels in Vietnam
Marriott International, Inc. | June 27, 2022
Marriott International, Inc. today announced a strategic agreement with Vinpearl, Vietnam’s largest hospitality and leisure chain, to convert and develop 2,200 rooms across eight hotels in Vietnam - significantly expanding its portfolio of world-class hotels and resorts in the country. This collaboration expects to see the debut of the Autograph Collection Hotels brand in the country, while other planned openings span the following brands: Marriott Hotels, Sheraton Hotels & Resorts, and Four Points by Sheraton. “We are thrilled to be working with Vinpearl to accelerate our growth in Vietnam,” said Rajeev Menon, President, Asia Pa...
Hospitality Financial Leadership: Why Auditors Miss the Mark
David Lund | June 27, 2022
By David Lund I recently watched a documentary on fraud and why the auditors were unable to detect anything even when they were right on top of what was so obvious to the person featured in the interview. The narrator also explained very clearly that the audit function is set up to fail. This piece is about what hotel auditors do and what they really should be looking at to find inconsistencies that lead to detecting financial problems in the hotel. Auditors are set up to fail because they are so green. I remember we had a revolving door of both internal and external auditors at the hotel for what seemed like years. Funny thing is ot...
Hard Rock Partners With GEK TERNA Group to Develop Hard Rock Hotel & Casino Athens
June 23, 2022
ATHENS, Greece, June 23, 2022 -- Hard Rock International and GEK TERNA Group held a special event in Athens yesterday signaling the official start of their partnership for the construction and operation of an integrated resort and casino, located in the iconic area of the Athens Riviera, within the context of "The Ellinikon" development. Hard Rock Hotel & Casino Athens, which is set to open in 2026, will be a unique destination in Europe, combining a 5-Star luxury hotel, a world class gaming floor, a premier meeting and convention space, a state-of-the-art entertainment venue, internationally renowned food and beverage, luxurious ...
IHG to Launch voco Brand in Japan in Partnership With NTT Urban Development Corporation
IHG Hotels & Resorts | June 23, 2022
IHG Hotels & Resorts (headquartered in the UK; IHG ANA Hotels Group Japan, Minato-ku, Tokyo, Japan, CEO: Abhijay Sandilya) will launch its popular voco Hotels brand in Japan for the first time, following the signing of a management agreement with NTT Urban Development Corporation (that will be represented via its subsidiary UD Hospitality Management Corporation) that will see it open the flagship voco Osaka Central in 2023. The voco brand has seen phenomenal success since its global launch in 2018, and the signing of voco Osaka Central marks the 75th signing for IHG in just over three years, with 35 high quality properties alrea...
IHG Hotels & Resorts Breaks Ground on InterContinental Grenada Resort
IHG Hotels & Resorts | June 23, 2022
IHG Hotels & Resorts, one of the world’s leading hotel companies, recently celebrated the groundbreaking of its new InterContinental Grenada Resort hotel. Located on the scenic shoreline of La Sagesse Beach, and adjacent to the highly anticipated, in-development Six Senses Grenada hotel, the InterContinental Grenada Resort is projected to open in 2025. Featuring 150 rooms and 30 private suites, the InterContinental Grenada Resort will extend the luxury hotel brand’s legacy of service excellence, award-winning design and cultural discovery to its guests. The resort’s luxurious spa and pool offer an ideal mix of relaxation and secl...
Wink Hotels to Open Two New Lifestyle Hotels in Danang, Vietnam
Wink Hotels | June 23, 2022
Ho Chi Minh City, 23 June 2022 - Wink Hotels, Vietnam’s home-grown lifestyle hotel brand which debuted its first property in Ho Chi Minh City in March 2021, is set to open two new hotels in Vietnam’s vibrant coastal city of Danang. The two hotels will mark the next steps in the revolutionary hospitality group’s plans to expand with 20 hotels in Vietnam in the coming five to seven years. The brand is disrupting traditional hospitality norms with streamlined services, tech-driven stays, a focus on sustainability, as well as space-smart and chic rooms. Wink Hotel Danang Centre is slated to open by the end of 2022, while the 25-floor Wi...
Dream Hotel Group Signs New Unscripted Hotel in Wichita, Kansas
Unscripted Hotels | June 22, 2022
NEW YORK, NY (June 22, 2022) – Renowned hotel and brand management company Dream Hotel Group, home to its Dream Hotels, Unscripted Hotels, The Chatwal and new By Dream Hotel Group brands, today announced plans to open a 155-key hotel as centerpiece of the new Ballpark District mixed-use development in the heart of downtown Wichita, Kansas. Scheduled to open in 2024, Unscripted Wichita will feature 155 beautifully designed guest rooms and multiple food and beverage offerings, including a signature restaurant on the street level and an impressive rooftop bar and lounge with sweeping views of the downtown skyline and Riverfront Stadium, tran...
Olive Real Estate Group and Hotel Equities Break Ground on New Residence Inn by Marriott at Colorado Springs Airport
Olive Real Estate Group | June 22, 2022
Atlanta, GA – June 22, 2022 – Olive Real Estate Group, Hotel Equities (“HE”), Colarelli Construction and Hotel Operations Services announced the official ground breaking of the new Residence Inn by Marriott hotel just minutes away from the Colorado Springs Airport Terminal. Located in Peak Innovation Business Park, the hotel is the first of a two-phase plan to build a Residence Inn and Courtyard by Marriott, which will be connected by a common lobby with shared amenities. The hotel will be managed by Hotel Equities, who will provide development services throughout the hotel’s construction, and is expected to open in late 2023 ...
IHG Hotels & Resorts and Sun Hospitality Group Expand Relationship With a Multi-Property Agreement to Develop Four Hotels
IHG Hotels & Resorts | June 22, 2022
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, has announced a strategic alliance framework agreement with long-term partners Sun Hospitality Group (SHG) to introduce fresh and innovative concepts, experiences and products in Vietnam. IHG and SHG – a member of Sun Group – will extend their decade-long relationship with a multi-property agreement to develop four hotels across two destinations, offering 2,709 rooms to meet the rising demand from domestic and international guests. IHG’s Crowne Plaza, Holiday Inn Resort and voco brands will take centre stage in the expansion of Ba Na Hills – Vietn...
Trilith Breaks Ground on Boutique Hotel Set for Fall 2023 Opening in Fayetteville, Georgia
The Town at Trilith | June 22, 2022
FAYETTEVILLE, Ga. — Trilith Development, in partnership with Mainsail Lodging & Development and Development Ventures Group, Inc. announced ground has been broken on an innovative boutique hotel that will serve as a flagship destination in Trilith. The hotel will be located in the heart of the Town at Trilith, an unparalleled 235-acre, internationally inspired town in Fayetteville, Georgia located adjacent to Trilith Studios. Construction on the community’s new showpiece is underway with an anticipated opening date of fall 2023. A comprehensive brand reveal for the boutique hotel will be announced this summer. “This unique hote...
IHG Signs With THR Hotel for InterContinental Penang Resort in Malaysia
IHG Hotels & Resorts | June 21, 2022
Penang, Malaysia – 21 June 2022: IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, is proud to announce the signing of InterContinental Penang Resort, in partnership with THR Hotel (Penang) Sdn Bhd, a subsidiary of a leading Malaysian hotel owner, Tradewinds Corporation Berhad (Tradewinds Corp). The collaboration will see IHG grow its Luxury & Lifestyle portfolio in Malaysia by transforming the former Penang Mutiara Beach Resort at Teluk Bahang into an IHG-branded luxury beach resort. Truly nostalgic and immersive, the resort will create a haven for couples and families whilst redefining luxury beach to...
Maritim Hotels Group and Union Investment Celebrate Topping Out of Flagship Property, Maritim Hotel Amsterdam
Maritim Hotels | June 21, 2022
German Maritim Hotels group has signed a new 50-year lease with Union Investment for the biggest integrated congress hotel in Europe, being developed in Amsterdam North, close to the River Ij and opposite the city’s central railway station across the waterway. The hotel, together with the Yvie residential tower being constructed alongside, represent a total investment commitment to the area development project of around €500 million by Union Investment. The agreement was announced at a ‘topping out’ ceremony in the Maritim Hotel tower on 15th of june by the well-known German family-owned hospitality group and Union Investment, on...
NYU Investment Conference Takeaways
David J. Sangree | June 21, 2022
David Sangree, MAI, CPA, ISHC had the opportunity to attend the NYU International Hospitality Industry Investment Conference on June 6-7 at the New York Marriott Marquis. The following are some key highlights from the conference. ADR growth: The growth in ADR in 2022 has exceeded everyone’s projections for the industry. The actual ADR is above 2019 levels for the U.S. for the past 10 months although the inflation-adjusted ADR is just getting back to 2019 levels since March 2022. In some markets, such as the Florida Keys or northern New England, ADR growth has been well above the nation. Other urban and commercial-oriented markets have se...
Nobu Hospitality Grows Partnership With RCD Hotels in North America
Nobu Hospitality | June 21, 2022
Nobu Hospitality, the leading luxury lifestyle and iconic hotel and dining brand in partnership with RCD Hotels, announces today two new hotels and residences in Punta Cana and Orlando. The introduction of these two destinations marks the fifth successful collaboration between Nobu Hospitality and RCD Hotels. The partnership commenced back in 2016 with the opening of Nobu Hotel Miami Beach and has continued to flourish over the years with the introduction of Nobu Hotel Los Cabos in 2019, Nobu Hotel Chicago in 2020, and the imminent arrival of Nobu Los Cabos Residences, 60 stunning units situated next to the hotel and overlooking the golf c...
Propst Development and Chartwell Hospitality Complete Hilton’s Conrad Luxury Hotel in Nashville
Chartwell Hospitality | June 20, 2022
NASHVILLE, Tenn.--Propst Development and Chartwell Hospitality today announced they have finalized development of the Conrad Nashville hotel, located in the Broadwest city block in Midtown. The Conrad Nashville is Hilton’s first luxury branded hotel in Nashville and is scheduled to open on June 29, 2022. Additionally, the co-developers have completed the sale of the 234-room property to Northwood Investors, LLC, a premier owner and manager of luxury hotels around the world. “Our goal for Broadwest was to create a property that all Nashvillians are proud of, and we believe the Conrad raises the bar as one of the most luxurious hotel pro...
Rosewood Hotels & Resorts Partners With Vanzhong Group for 2026 Opening of Rosewood Xi’an
Rosewood Hotels & Resorts | June 20, 2022
Rosewood Hotels & Resorts continues its strategic global growth with the announcement of Rosewood Xi’an, an urban resort set to join the brand’s already robust portfolio of properties across China in 2026. Located east of Xi’an’s Qujiang District, the property will provide leisure and business travelers alike with an ultra-luxury home base located in close proximity to major arts, shopping, and tourism attractions. Representative of the brand’s guiding A Sense of Place® philosophy, wherein each Rosewood® property reflects its destination’s storied history, rich culture, and unique spirit, Rosewood Xi’an aims to full...
