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 International and Eagle Hills Sign Agreement to Bring Ritz-Carlton Reserve to Ramhan Island, Abu Dhabi
Marriott International, Inc. | July 10, 2024
Marriott International, Inc. and Eagle Hills announced the signing of an agreement to open the first Ritz-Carlton Reserve in the United Arab Emirates (UAE). Anticipated to open on Ramhan Island, an exclusive waterfront destination in Abu Dhabi, the property will offer a secluded escape complete with expansive views across the azure waters of the Arabian Gulf. “Together with Eagle Hills, we look forward to bringing Ritz-Carlton Reserve to the UAE and offering intimate and transformative experiences in an ultra-luxury setting,” says Sandeep Walia, Chief Operating Officer – Middle East, Marriott International. “This monumental signing...
Revamping Fort Lauderdale: Convention Center Expansion and Omni Hotel Development
Emeldina Paratusic | July 9, 2024
Fort Lauderdale, a staple South Florida beach destination, is shifting its focus beyond leisure tourism with a $1.3-billion investment in the Broward County Convention Center and adjoining Omni Hotel. Following this project, Fort Lauderdale will position itself as both a vacation destination and a commercial city. Fort Lauderdale, known for its beaches and canals, has grown beyond a leisure destination in recent years. As the focus of this shift, the Broward County Convention Center is undergoing a $1.3-billion renovation and expansion. The highly anticipated project is underway and slated for completion in 2025. The first phase of th...
IHG Signs With Meliora To Develop First Vignette Collection in Kazakhstan
IHG Hotels & Resorts | July 9, 2024
The hotel joins a pipeline of seven Vignette Collection properties across Europe and a further 23 around the world LONDON (09.07.2024): IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, announces the signing of the first Vignette Collection in Almaty, Kazakhstan. The property will become IHG’s second luxury and lifestyle hotel in Kazakhstan, joining InterContinental Almaty. The 95-room Vignette Collection property, signed under a franchise agreement with Meliora (part of HAYAT Construction), will further strengthen IHG’s Vignette Collection portfolio across Europe which stands at three open hotels a...
The Hotel Group Breaks Ground on Home2 Suites by Hilton Kalispell, Montana
The Hotel Group | July 9, 2024
Kalispell, MT – July 9, 2024 - Award-winning hotel management company The Hotel Group ("THG"), an affiliate of Hotel Equities, in partnership with TE Miller Development, LLC., broke ground on the Home2 Suites by Hilton in Kalispell, Montana, promising a high-quality extended stay option coming soon to Northwest Montana. Located at the intersection of US Highway 93 and Rose Crossing, the 107-room Home2 Suites by Hilton Kalispell will be THG’s second hotel in Montana and the Home2 Suites’ third location in the state. “We are excited to bring the Home2 Suites brand to Northwest Montana and to be partnering with TE Miller Developmen...
Hilton Signs With M Hospitality to Develop Hilton Marjan Island Beach Resort & Spa in Ras Al Khaimah
Hilton | July 8, 2024
DUBAI, United Arab Emirates - Hilton (NYSE: HLT) today announced an agreement with M Hospitality to open Hilton Marjan Island Beach Resort & Spa in Ras Al Khaimah, the UAE’s northernmost emirate. Expected to open in Q4 2026, the upscale property will add to Hilton’s fast-growing portfolio of 80 hotels across 11 brands operating in the Middle East. “Hilton has been operating in Ras Al Khaimah for over 20 years and we are excited to be working with M Hospitality once again,” said Carlos Khneisser, vice president, development, Middle East & Africa, Hilton. “With Ras Al Khaimah expected to welcome over 3.8 million visitor...
Hilton Partners With Fragrance Group To Launch DoubleTree by Hilton Hobart, Hilton’s First Hotel in Tasmania
Hilton | July 3, 2024
Located in the heart of Hobart, DoubleTree by Hilton Hobart is slated for opening within 2024 SYDNEY and MCLEAN, VA – DoubleTree by Hilton, together with Fragrance Group Limited, is thrilled to announce its latest hotel signing in Hobart, Tasmania. DoubleTree by Hilton Hobart is in advanced construction status and is set to open in the second half of 2024. Situated within walking distance to Hobart’s Central Business District (CBD), the waterfront, and the vibrant Salamanca Place, the new hotel promises to be a standout addition to the city’s hospitality landscape. The new DoubleTree by Hilton Hobart will offer guests a blend of...
IHG Hotels & Resorts, in Partnership With the V&A Waterfront Bring InterContinental Brand to Cape Town
IHG Hotels & Resorts | July 3, 2024
Set to open in 2025 after refurbishment, InterContinental Table Bay Cape Town will build on the legacy of the property and write a new era of luxury hospitality in the country. Cape Town, South Africa, July 3, 2024: IHG Hotels & Resorts, one of the world’s leading hotel companies, has announced the debut of the InterContinental brand in Cape Town with the signing of InterContinental Table Bay Cape Town, marking a significant milestone in IHG’s luxury portfolio. Inaugurated in May 1997 by former South African president Nelson Mandela, the renowned Table Bay Hotel has consistently set the benchmark for world-class hospitality. Lo...
New JW Marriott Hotel Coming to Detroit at Water Square – The Site of the Former Joe Louis Arena
JW Marriott | July 3, 2024
• Sterling Group and the Detroit Regional Convention Facility Authority announce that the hotel at Water Square will be the “JW Marriott Detroit Water Square” • The hotel will be 25 stories and have 600 rooms on site of former Joe Louis Arena adjacent to the Residences at Water Square • The new JW Marriott will be connected to the Huntington Place Convention Center by a skybridge • 50,000 sf of meeting spaces, Restaurants, lobby bar, market, etc. July 3rd, 2024 (DETROIT, MICHIGAN) Detroit-based developer Sterling Group and the Detroit Regional Convention Facility Authority (DRCFA) announced new details today related to the h...
IHG Signs With Geelan Residency for voco Srinagar Marking Brand Debut in Kashmir
IHG Hotels & Resorts | July 2, 2024
July 2nd, 2024, National: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Geelan Residency for voco Srinagar - IHG’s first hotel in Kashmir. Scheduled to open in Q4 2026, the signing is in line with IHG’s strategy to expand presence across key leisure destinations in India and capitalize on the growing tourism industry in the country. The signing also marks the sixth voco hotel being developed in India and follows the opening of the first voco in Jim Corbett. voco offers a premium experience to guests and combines the informality and charm of an individual hotel with th...
SH Hotels & Resorts Unveils Plans for 1 Hotel & Homes San Miguel de Allende
SH Hotels & Resorts | July 2, 2024
Introducing a Sustainable Landmark in a UNESCO World Heritage Site MIAMI, FL (July 2, 2024) - SH Hotels & Resorts, the sustainable hotel brand management company founded by hospitality visionary Barry Sternlicht, today announced plans to unveil 1 Hotel & Homes San Miguel de Allende. Set to open in 2027, the property is poised to redefine luxury and sustainability in the heart of historic Mexico. Located just minutes away from the vibrant city center of San Miguel de Allende and perched on an incline with breathtaking views, this sanctuary will offer a profound escape guided by the beauty of its surroundings. “1 Hotel & Homes S...
Hospitality Financial Leadership: The Top 10 Accounts Receivable Controls
David Lund | July 2, 2024
“AR” as we commonly refer to the sub department of the accounting function is a mainstay in any larger group-based hotel. In these juggernauts the importance of efficiently collecting your money is mission critical. Not only do we take the chance that the group will come and stay after we hold all those rooms, but we also roll the dice and give them credit. In today’s business world it would shock many to realize that credit is a common element in these group hotels. It’s common because we need to be competitive; that other hotel around the corner offers a master account and we need to as well. But be warned. Offering credit comes wi...
Replay Destinations Plans to Develop 53-Key Luxury Hotel in Downtown Healdsburg, California
Replay Destinations | June 28, 2024
Unique Partnership to Create a Sonoma-Centric, Experience-Driven Hotel in the Heart of Wine Country HEALDSBURG, Calif., June 28, 2024-- Replay Destinations ("Replay"), a fully integrated destination development company, today announced their plans for the development of a 53-room luxury hotel at Mill District, Healdsburg, CA. The new hotel will form the heart of Mill District, downtown Healdsburg's newest master planned neighborhood, and Replay's re-envisioning and re-development of a 10-acre former lumber mill site. In addition to the hotel, Mill District will feature exceptionally designed residences by architects such as Olson K...
Measuring Economic Impact Is a Win-Win for Developers and Municipalities
David J. Sangree | June 28, 2024
June 2024, by David J. Sangree, MAI, CPA, ISHC Introduction: At a time when financing for hospitality development projects is challenging for developers, it can often mean that some projects won’t ever come to fruition. At the same time, municipalities would like to increase their hotel or resort offerings to attract travelers to their destinations while remaining fiscally responsible. When developers seek government assistance for development projects, state and local authorities must balance the needs of developers in the community with the financial realities of the project. Commissioning an economic impact study will provide important ...
How the Right Asset Management Firm Helps Optimize Hotel Investments
Kasia Russell | June 27, 2024
When implemented effectively, partnering with the right asset management firm can help maximize investor returns and real estate property values. Asset management is particularly important in this post-pandemic environment where macroeconomic conditions are in constant flux, geopolitical issues continue to intensify, and domestic monetary policy has considerable implications for real estate wealth management. These factors present both challenges and opportunities; however, without the proper analysis and expert tactics of skilled asset managers, risk becomes more difficult to anticipate and opportunities more challenging to harness. The ...
Radisson Hotel Group Adds Ten New Hotels to Its Pipeline in South Asia
Radisson Hotel Group | June 26, 2024
Brussels / New Delhi - 26 June 2024 Radisson Hotel Group is delighted to announce the signing of 10 new hotels in just four days. These signings are across brands, including Radisson Blu, Radisson, Radisson Individuals, and its brand extension Radisson Individuals Retreats. The Group also entered five new markets and will be the first to open internationally branded hotels in Jawai (Rajasthan), Sagar (Madhya Pradesh), Yavatmal (Maharashtra), Ooty (Tamil Nadu) and Calicut (Kerala). In a pioneering move, the Group signed Radisson Blu Hotel, Nathdwara Stadium Rajasthan, featuring 234 luxurious rooms. This innovative hotel is Indi...
Radisson Hotel Group Bolsters African Presence With 7 Additional Hotels and Over 1,200 New Rooms Including Entry Into Tanzania
Radisson Hotel Group | June 25, 2024
Radisson Hotel Group continues to hold a leading position with a portfolio of 13 hotels in operation and under development, including five new hotels signed in 2023 WINDHOEK, Namibia, June 25, 2024 -- Radisson Hotel Group (www.RadissonHotels.com) is delighted to announce the addition of seven new hotels, adding over 1,200 hotel rooms to its African portfolio and its debut in Tanzania within the first half of 2024. With those additions, the Group’s footprint in Africa has grown to nearly 100 hotels in operation and development, placing the Group well on track to reach its goal of 150 hotels within the next five years. Tanzania has been ...
Ennismore Signs With AB Invest and Møller Eiendom for The Hoxton, Oslo in Norway
Ennismore | June 25, 2024
The Hoxton, Oslo will see the first international lifestyle brand enter the Norwegian hospitality landscape. Ennismore, the fastest-growing lifestyle and leisure hospitality company, together with AB Invest and Møller Eiendom, is proud to announce the signing of The Hoxton, Oslo—the brand's first hotel in the Nordic region. Set to open in 2027, the milestone signing also marks Ennismore’s first property in Norway and the first international lifestyle brand to enter the Norwegian hospitality scene. The Hoxton, Oslo will bring the brand’s signature layered aesthetic to the Norwegian capital, courtesy of Ennismore’s in-house inter...
IHG Hotels & Resorts To Launch the Holiday Inn Express Brand in Egypt
IHG | June 25, 2024
The longstanding partnership with Arkan Palm for Real Estate Investment sees IHG’s expansion in Egypt with the new 200-keys Holiday Inn Express West Cairo 205 Cairo, Egypt – 25 June 2024: IHG® Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with leading developer Arkan Palm for Real Estate Investment to further expand its presence in Egypt with the launch of the first Holiday Inn Express hotel in the country. As IHG’s largest and fastest-growing hotel brand with more than 3,100 hotels world-wide, Holiday Inn Express is dedicated to simplifying travel with accessible and comfo...
Accor Signs New Novotel Property on Egypt’s North Coast
Accor | June 24, 2024
ACCOR STRENGTHENS ITS FOOTPRINT IN EGYPT WITH THE SIGNING OF NOVOTEL SIDI ABD EL RAHMAN ON THE MEDITERRANEAN COAST Accor is pleased to announce the signing of a partnership agreement with Egypt’s Q Real Estate Development Company to develop a new Novotel property – Novotel Sidi Abd El Rahman. Debuting on Egypt’s idyllic northern Mediterranean coast, an increasingly popular tourist destination, the hotel is set to open in 2027, featuring 240 spacious and modern rooms as well as a host of thoughtful wellbeing and entertainment offerings. Novotel Sidi Abd El Rahman is the latest announcement for Egypt’s northern coastline, wh...
Aptech To Unveil NEW Enterprise Accounting Dashboard at HITEC Charlotte
Aptech | June 19, 2024
Accessible via computer, tablet, or phone, the PVNG dashboard provides a quick glimpse of financial and operational data without having to execute multiple reports; Visit Aptech at HITEC Charlotte June 24-27 in Booth #2644 PITTSBURGH, June 19, 2024 — Aptech, a hospitality company providing the best in finance and accounting software for more than 50 years to hotels, will reveal a NEW dashboard for its PVNG enterprise accounting solution at HITEC Charlotte, to be held June 24 to 27 at the Charlotte (N.C.) Convention Center. Developed at the request of its customers, the tool provides a quick view of the status of a hotel’s financials fro...
Accor Signs With Terres de Légendes for Conversion of Saint Martin’s Beach Plaza Hotel to MGallery Property
Accor | June 18, 2024
Accor, a world-leading hospitality group, in partnership with Terres de Légendes, is thrilled to announce the signing of a new hotel development, The Whimsy Hotel & Spa Saint-Martin – MGallery Collection. Located in the vibrant heart of Saint-Martin, it will be the first MGallery hotel to open in the Caribbean, a strategic location for the ongoing growth and development of the boutique-hotel collection brand MGallery. Nestled along the pristine beaches of Saint-Martin, close to Marigot on the French side of the island, the hotel serves as an enchanting coastal haven, celebrating the island's rich cultural heritage while drawing insp...
HITEC 2024 Spotlight on Hotel Development in Charlotte, NC
Lodging Econometrics | June 18, 2024
June 18, 2024 – PORTSMOUTH, NH Lodging Econometrics (LE) has released the Q1 hotel development data for the Charlotte, NC market ahead of the Hospitality Industry Technology Exposition and Conference (HITEC). The Q1 2024 LE Market Trend Report for the Charlotte market highlights that Charlotte has a total of 67 hotel projects and 7,772 rooms in the construction pipeline, positioning it fifteenth among the top 25 U.S. markets for the largest hotel construction pipeline by project count. Within the Charlotte market, at the close of the first quarter, hotels presently under construction stand at 11 projects/1,435 rooms. Projects sched...
Hilton Signs With Bohemian Hotels for Two Properties in Iceland
Hilton | June 17, 2024
Reykjavik and Akureyri poised to welcome new hotels under Hilton brands REYKJAVIK, Iceland – Hilton (NYSE: HLT) today announced a franchise agreement with Bohemian Hotels ehf. to open Akureyri "Skáld" Hotel, Curio Collection by Hilton, in the northern Icelandic countryside, as well as a stunning new property in Iceland´s capital city, Reykjavik. Nick Smart, vice president, development, UK, Ireland & Nordics, Hilton, said, “Iceland is an incredibly popular travel destination and we are excited to expand our portfolio of properties in Reykjavik, as well as bring the first internationally branded hotel to the Icelandic country...
Global Travel and Tourism Deals Drop 10.9%; PE Deals and European Markets Shine During January-May 2024, Reveals GlobalData
GlobalData | June 17, 2024
Travel and tourism sector witnessed 10.9% year-on-year (YoY) decline in the number of deals (mergers and acquisitions (M&A), private equity (PE) and venture financing) announced globally during January-May 2024. Despite this downturn, PE deals showed improvement, and European markets showed growth, highlighting new opportunities for strategic investments, according to GlobalData, a leading data and analytics company. An analysis of GlobalData’s Deals Database revealed that the total number of deals announced in the travel and tourism sector globally fell from 321 during January-May 2023 to 286 during January-May 2024. Meanwhil...
