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
White Lodging Exits Suburban Hotel Markets, Boosts Focus on Experiential Urban & Lifestyle Hotels
White Lodging | March 24, 2022
Merrillville, Indiana – March 24, 2022 – White Lodging recently closed on an agreement to sell 25 suburban management contracts. The transaction, combined with planned individual suburban hotel sales, supports White Lodging’s multi-year strategy to exit suburban markets altogether. This transformation focuses the company’s resources across a concentrated urban portfolio with more complex hotels that deliver memorable and elevated guest experiences. Read more about the transition in the latest edition of Hotel Business. “This strategic portfolio shift further defines our position in the industry and reinforces our focus on u...
Hyatt Plans 48 New Hyatt Place and Hyatt House Hotels to Open in the Americas by 2023
Hyatt Hotels Corporation | March 23, 2022
CHICAGO, IL – March 23, 2022 – Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt Place and Hyatt House hotels in the Americas continue to outperform in leisure, urban, drive-to, and mixed-use locations, with 48 new hotels in these brands expected to open across the Americas in 16 new markets for Hyatt in 2022 and 2023. With more than 470 Hyatt Place and Hyatt House hotels currently open in the Americas, the brands continue to attract travelers looking for seamless hotel experiences and owners and operators that are committed to delivering brand and operational excellence. This planned expansion of the Hyatt Place and Hya...
Oakwood Partners With A&D for Oakwood Hotel Cheongju in South Korea
Oakwood | March 23, 2022
SINGAPORE – March 23, 2022 – Oakwood® cements its leadership position among the world’s top serviced apartment brands with sustained expansion in South Korea. The signing of a management agreement for Oakwood Hotel Cheongju, in the capital of North Chungcheong province, will increase the brand’s footprint in South Korea to three properties, joining Oakwood Premier Coex Center Seoul in the capital and Oakwood Premier Incheon. In partnership with A&D Partners Limited, Oakwood will manage the 250-key property comprising 150 hotel rooms and 100 apartments at the city’s new Cheongju Millennium Town landmark, scheduled for openin...
Deutsche Hospitality Launches in Ras Al Khaimah in Partnership With Al Hamra
Deutsche Hospitality | March 22, 2022
Deutsche Hospitality is expanding into the United Arab Emirates by joining forces with Al Hamra, the leading lifestyle developer and investment company in Ras Al Khaimah, to take on management of the Al Hamra Residences and Al Hamra Village Hotel. The resorts will use the Steigenberger Residences and MAXX by Deutsche Hospitality brand names in future. This expansion will enable Deutsche Hospitality to gain market entry to the Emirate of Ras Al Khaimah. “The partnership with Al Hamra represents an important milestone in Deutsche Hospitality’s growth strategy in the Middle East,” said Marcus Bernhardt, CEO of Deutsche Hospitali...
Wyndham Signs First 50 Hotels for New Economy Extended-Stay Brand, Project ECHO
Wyndham Hotels & Resorts | March 22, 2022
PARSIPPANY, NJ - March 22, 2022 - Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,000 hotels across nearly 95 countries, today unveiled new details about its upcoming economy extended-stay hotel brand. Among them, newly awarded contracts to develop 50 new construction projects with its first two partners: Richmond, Va.-based Sandpiper Hospitality and Dallas-based Gulf Coast Hotel Management. Operating under the working title "Project ECHO"—an acronym for Economy Hotel Opportunity—the all new-construction brand fills whitespace within the larger Wyndham Hotels & Resorts portfolio w...
Marriott International Signs Agreement With Baraka Lodges LTD. to Open First Luxury Safari Lodge in Africa
JW Marriott | March 22, 2022
Marriott International, Inc. today announced it has signed an agreement with Baraka Lodges LTD. to enter the safari segment in Africa. JW Marriott Masai Mara Lodge will be located within the Mara National Reserve, one of Africa’s most renowned wildlife conservation and wilderness regions. Offering discerning travellers an unparalleled setting, the elegant retreat expects to welcome guests in 2023. Overlooking the famed banks of the River Talek and on the edge of the reserve, JW Marriott Masai Mara Lodge’s prime location will offer guests a distinctively elevated camp from which to discover the Masai Mara National Reserve, its stunning ...
Hilton’s LXR Hotels & Resorts to Debut in Abu Dhabi with a Private Signature Island Golf Course Resort
LXR Hotels & Resorts | March 21, 2022
Abu Dhabi, UAE - March 21, 2022 - LXR Hotels & Resorts, Hilton’s (NYSE: HLT) collection of independent luxury properties, is pleased to announce the signing of an agreement for a breathtaking new resort surrounded by lush greenery and stunning landscapes on the private Al Nawras Island in Abu Dhabi. Expected to open in 2023, Al Nawras Island, LXR Hotels & Resorts will mark the brand’s entry into the UAE capital. Perfectly situated in one of Abu Dhabi’s most recreational yet tranquil areas and designed with elements inspired by the destination, the resort will offer an exclusive escape on a private, secluded island, while st...
Hotel Equities and Greenwood Hospitality Form Alliance Adding 30 Lifestyle, Experiential and Full-Service Properties to Hotel Equities’ Portfolio
Hotel Equities | March 21, 2022
ATLANTA, GA – March 21, 2022 – Today, Hotel Equities (“HE”) is pleased to announce the formation of a strategic alliance with Colorado-based Greenwood Hospitality (“Greenwood”). The combined portfolio of HE and Greenwood will be in excess of two hundred hotels. The Greenwood portfolio of thirty hotels spans coast to coast and consists of award winning high-end independent and branded hotels including Marriott, Hilton and IHG. The alliance combines the unique strengths and resources of Greenwood, a celebrated leader in lifestyle, experiential and luxury hotels, and HE with its successful history of award-winning select a...
Cambria Hotels Breaks Ground the Cambria Hotel El Centro in California
Cambria Hotels | March 17, 2022
ROCKVILLE, MD - March 17, 2022 - Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc., celebrated the official start of construction on its newest franchised property in California: the Cambria Hotel El Centro. Expected to open early next year, the four-story, 108-room hotel joins five other Golden State Cambria hotels, including the recently opened Cambria Hotel Calabasas and Cambria Hotel Napa Valley, and underscores the brand's continued commitment to bring its locally-inspired, upscale offerings to more markets across the country. To commemorate the development milestone, representatives from Choic...
Hilton to Debut in Cannes With 2023 Opening of Canopy by Hilton Brand
Canopy by Hilton | March 16, 2022
CANNES, France and MCLEAN, VA - March 16, 2022 - Hilton (NYSE: HLT) has today confirmed a franchise agreement with SNC Société d´Exploitation Nouvelle du Soleil d´Or, a subsidiary of SDPNE, to open a new hotel under its growing lifestyle brand Canopy by Hilton. Canopy by Hilton Cannes will include 143 guest rooms and be located in central Cannes, a short walk from the city’s beaches, Old Port and the world-famous Palais des Festivals. The hotel is expected to welcome its first guests in 2023, and marks Hilton’s first property in Cannes. “Cannes is a world-class destination, hosting international events and leisure trav...
HRI Hospitality to Develop Tempo by Hilton Nashville Downtown
Tempo by Hilton | March 16, 2022
NEW ORLEANS, LA - March 16, 2022 - HRI Hospitality, a fully integrated real estate firm with more than $3.0 billion in total national development experience and in-house ownership, development, and management expertise, announces today that it has closed on construction financing for the ground-up development of a new Tempo by Hilton hotel in downtown Nashville, TN. The hotel is scheduled to break ground in March 2022 and open in spring 2024. HRI has entered into an agreement with Hilton to build a 16-story, 306-room focus-service lifestyle hotel adjacent to Nashville Yards in the heart of downtown Nashville. This will be HRI’s second hot...
Crawford Hoying and Shaner Hotels Plan New 171-Key Hotel at The District at Clifton Heights in Cincinnati
Crawford Hoying | March 15, 2022
CINCINNATI, OH - March 15, 2022 - Ohio-based real estate developer, Crawford Hoying, in partnership with Shaner Hotels, an award-winning, international hotel owner, operator and developer, today announced a new Tribute Portfolio Hotel at The District at Clifton Heights in Cincinnati, Ohio. “Hotel Celare” will feature 171 keys, a jump lobby, rooftop bar, multiple outdoor spaces and more. Construction on Hotel Celare is expected to begin later this year, with an anticipated completion date in early 2024. “The new Hotel Celare will mark our seventh hotel in Ohio and our 47th Marriott-branded property,” said Plato Ghinos, pre...
P3 Hotel Software Targets Growth in U.S. and Germany After Securing $1.2M Investment
P3 Hotel Software | March 15, 2022
Hotel software solutions provider P3 has announced plans to almost double its workforce and expand into the United States and Germany after it secured investments totaling $1.2m (€1.1m). The Irish company – which offers an integrated ecosystem of hotel technology through core products, such as custom booking engine and online check-in/checkout solutions– announced that it has received $820,000 (€750,000) from Business Venture Partners (BVP). This funding comes on top of a recent $380,000 (€350,000) investment that P3 received from the Irish state economic development agency Enterprise Ireland in 2021. P3 now plans a major e...
Hilton Prepares for New Era of Travel With Plans to Double France Portfolio
Hilton | March 14, 2022
FRANCE – March 14, 2022 – With travel restrictions continuing to ease across France and confidence in the travel market increasing, Hilton (NYSE: HLT) is preparing for an incoming wave of travelers with a determined growth strategy for the country. As well as continuing to open more hotels in Paris, Hilton is increasing its focus on major resort destinations and provincial towns and cities with a development pipeline that will double the hotel group’s presence nationwide. Patrick Fitzgibbon, senior vice president, development, EMEA, Hilton, said, “In the last 12 months, despite challenging market conditions, Hilton opened six h...
Baird/STR Hotel Stock Index Rose 4.1% in February
STR | March 14, 2022
HENDERSONVILLE, Tennessee, and MILWAUKEE — March 14, 2022 — The Baird/STR Hotel Stock Index rose 4.1% in February to a level of 5,753. Year to date through the first two months of 2022, the stock index increased 0.2%. “Hotel stocks posted gains in February and were relative outperformers for the third consecutive month,” said Michael Bellisario, senior hotel research analyst and director at Baird. “Despite increased stock market volatility and growing geopolitical concerns, investors remained focused on the reopening momentum and improving demand trends as Omicron-related disruptions are in the rearview mirror and corpo...
Four Seasons and Diriyah Gate Development Authority Plan New Luxury Hotel in Saudi Arabia’s Most Historic Destination
Four Seasons Hotels and Resorts | March 14, 2022
March 14, 2022 – Four Seasons Hotels and Resorts, one of the world’s leading luxury hospitality companies, and Diriyah Gate Development Authority (DGDA), the developers of the Diriyah master plan, announce plans for Four Seasons Hotel Diriyah, Saudi Arabia. A 300 year-old site located just outside of Riyadh, Diriyah is considered to be the birthplace of the Kingdom and the capital of the first Saudi state. The area is home to the UNESCO World Heritage Site, At-Turaif, the valley and lush palm groves of Wadi Hanifah, and will soon include the Diriyah development – an acclaimed project that pays homage to the history of Saudi Arabia. Loc...
HSMAI Develops New Chapter in Partnership With Discover Puerto Rico
HSMAI | March 11, 2022
The Hospitality Sales & Marketing Association International (HSMAI) is proud to announce the formation of a new chapter in Puerto Rico that is being established through a development grant provided by Discover Puerto Rico. A key objective of the grant is to provide educational programs for hospitality sales, marketing, and revenue professionals and stakeholders in the market, which will enhance their skills and abilities. “Discover Puerto Rico is thrilled to partner with HSMAI.,” said Brad Dean, CEO of Discover Puerto Rico. “Their proven track record as a trusted education and certification provider in various markets aro...
Hilton to Welcome Hilton Garden Inn Brisbane City Centre North in Partnership With Spring Hill Property Group Pty Ltd
Hilton Garden Inn | March 10, 2022
SYDNEY, Australia - March 10, 2022 - Hilton (NYSE: HLT) today announced the signing of Hilton Garden Inn Brisbane City Centre North, marking the fifth Hilton Garden Inn hotel in the pipeline for Australasia. In partnership with Spring Hill Property Group Pty Ltd, part of Image Developments, Hilton will manage the newly built 129-room property, with hotel construction expected to start this year. “We are actively seeking to introduce more of our award-winning brands to Queensland and are delighted to be partnering with Spring Hill Property Group Pty Ltd to welcome the Hilton Garden Inn brand in Brisbane which will mark our fif...
The Excellence Collection to Invest Over USD $50 Million to Revamp Its Properties in the Caribbean
The Excellence Collection | March 10, 2022
Miami, FL - March 10, 2022 - The high-end hospitality group has announced it will invest over USD $50 million to upgrade the premises and enhance the amenities of its properties in the Caribbean. The disclosed amount will be used for all eight resorts within The Excellence Collection’s portfolio in Cancun, the Riviera Maya, Punta Cana and Montego Bay. Following the success and growing demand for the brand’s most sumptuous category yet, the Beach Villas with a Private Pool, The Excellence Collection will build 12 additional units at Excellence Oyster Bay in Jamaica, almost tripling its current offering to a total of 17 villas once comp...
2020 Travel and Tourism Industry Impact on the U.S. Economy
NTTO | March 9, 2022
The National Travel and Tourism Office’s (NTTO) Travel & Tourism Satellite Account, produced annually by the Bureau of Economic Analysis, is the official U.S. Government estimate of the economic impact of the travel and tourism industry in the United States. The latest TTSA shows that in Calendar Year 2020: Total economic output generated by travel and tourism fell $982.5 billion (-50.1%) from 2019 ($1.96 trillion) to 2020 ($978.4 billion). Among those sectors hardest hit, passenger air transportation services output declined by nearly $214.7 billion in 2020, followed by food services and drinking places/restaurants (dow...
Pacifica Hotels and New Ownership Group Begin Rebrand of Hotel Indigo Santa Barbara to The Riviera Beach House
Pacifica Hotels | March 8, 2022
Aliso Viejo, CA – March 8, 2022 – Pacifica Hotels, the largest owner and operator of independent, design-inspired hotels on the Pacific Coast, is refreshing the Hotel Indigo Santa Barbara property in collaboration with new ownership starting with a name change. The hotel was recently purchased by the same hotelier family who owns the historic Culver Hotel in Los Angeles and will be rebranded as an independent lifestyle hotel under the new name “The Riviera Beach House”. “We are excited to give our Santa Barbara property a much-needed update. The Riviera Beach House will draw inspiration from the Mediterranean lifestyle ...
Hilton to Debut on Galapagos Island With Signing of Royal Palm Galapagos, Curio Collection by Hilton
Curio Collection by Hilton | March 7, 2022
GALAPAGOS ISLANDS, Ecuador and MCLEAN, VA - March 7, 2022 - Today, Hilton (NYSE: HLT) announced the signing of a franchise agreement with Serinatura S.A. to welcome the Curio Collection by Hilton brand to the Galapagos island of Santa Cruz with the conversion of the Royal Palm Galapagos Hotel. The renowned property will remain owned and operated by its current management company, led by Diego Andrade Murtinho, while joining Curio Collection by Hilton, and will maintain the property’s storied commitment to sustainable, responsible travel. With an anticipated conversion in July 2022, Royal Palm Galapagos, Curio Collection by Hilton will r...
Hospitality Financial Leadership: The 6 Quadrants of GOPPAR
David Lund | March 7, 2022
By David Lund GO PAR is the new and exciting measurement everyone is talking about in the hotel business. But let’s be honest. It is a bit of a stretch to comprehend. It is a little more complicated than REVPAR. Why you ask? Well, REVPAR has two components: occupancy and rate. That is all you need to square the calculation. GO PAR has six components and I am going to lay them all out here. A big part of the struggle people have is the idea that GO PAR is an accounting thing. It is true that the calculation is based on accounting theory but stick with me here, it is a straightforward concept. GO PAR like REVPAR is easy to square. Yo...
Accor Signs With Boutique Corporation Public Company Limited for ibis hotel in Chiang Mai, Thailand
Accor | March 3, 2022
Accor, the largest international hotel operator in the Southeast Asia region, is expanding its partnership with Boutique Corporation Public Company Limited for a new development project in Chiang Mai, Thailand. The partnership will see the debut of the iconic ibis brand in the mountainous northern region, with the newly signed ibis Chiangmai Nimman Journeyhub scheduled to open mid-2023. Located within walking distance of the trendy Nimman neighbourhood, guests will enjoy convenient access to city’s popular coffee destinations, vibrant dining scene, live music bars, and the charming Old Town. With a forward-looking modern design that refl...
