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
Sofitel London Heathrow Turn Around Their Daily Operations With Knowcross
Knowcross | March 5, 2020
London March 05th, 2020 - KNOWCROSS, the global leader in providing service quality and optimization solutions for hotels, is thrilled to share that Sofitel London Heathrow, has decided to implement the Knowcross platform to increase operational productivity and enhance the quality of guest service. This addition further reinforces the company’s position as the most preferred service quality management platform of hotels all across Europe. Connected to Heathrow Terminal 5, 21 minutes from London city center and close to sightseeing attractions including Windsor Castle, Royal Ascot, and Legoland, this luxury Heathrow hotel is the choice f...
Access Point Financial to Finance Hitalk Hotels’ Acquisition of Hyatt Place Mohegan Sun in Connecticut
Access Point Financial | March 5, 2020
Leading hospitality industry lender selected to finance hotel acquisition near the famed Mohegan Sun Casino in Uncasville, Connecticut ATLANTA – March 5, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, has signed an agreement with Hitalk Hotels to provide financing for the company’s acquisition of the Hyatt Place Mohegan Sun in Uncasville, Connecticut. Access Point Financial provided $10.1 million in financing for the acquisition of the property, which will be managed by Aimbridge Hospitality. The hotel is expected to now undergo a ren...
The Hotel Group Adds New Residence Inn by Marriott in Wenatchee, Washington to Management Portfolio
The Hotel Group | March 4, 2020
Seattle, WA, March 4, 2020 — The Hotel Group (THG), a leading national hotel management and investment company, announced the addition of the five-story Residence Inn by Marriott in Wenatchee, Washington, to its growing portfolio of hotels under management. The property has broken ground and is scheduled to open in Q4 2020. As a co-investment project between Stream Real Estate of Seattle, owner and developer, and THG, the property will contain 127 suites. Each suite will be outfitted with a fully equipped kitchen, spacious window facing workspace, plush bedding and linens. It will feature a complimentary breakfast to comfortably host fam...
DiamondRock Hospitality Plans June 2020 Opening of Barbary Beach House Key West
March 3, 2020
KEY WEST, Fla., March 3, 2020 -- DiamondRock Hospitality Company (the "Company") has announced an anticipated June opening of the Barbary Beach House Key West (2001 South Roosevelt Boulevard), a 184-room oceanfront hotel inspired by the island's natural landscape and legendary maritime history. Following an extensive, top-to-bottom conversion, the Barbary Beach House Key West has been transformed into a lush, tropical haven where free-spirited adventurers can discover an unrivaled Key West experience along the famed southernmost shores of the United States. "Without a doubt, Barbary Beach House Key West will be a prized addition to ...
Novotel Sriracha & Koh Si Chang Marina Bay Opens First Phase of Its Dual-Location Hotel on the Gulf of Thailand
Novotel Hotels | March 3, 2020
SRIRACHA, THAILAND, 3 MARCH 2020 - The much-anticipated opening of Novotel Sriracha & Koh Si Chang Marina Bay offers business and leisure travellers the opportunity to enjoy the ocean views of Sriracha and island paradise retreat on Koh Si Chang. Nestled along the east coast of the Gulf of Thailand, the main hotel building in Sriracha comprises 235 rooms. Another 40 guest rooms, including 16 villas will open on Koh Si Chang later this March, complete with private pier and speedboat services to shuttle guests between the two locations. The new sea front hotel is conveniently situated between Bangkok’s Suvarnabhumi International Air...
Sonnenblick-Eichner Company Arranges Financing for Lone Star Court, Austin, Texas
Sonnenblick-Eichner Company | March 3, 2020
Beverly Hills, CA (March 3, 2020) -- Sonnenblick-Eichner Company has arranged first mortgage debt to refinance the Lone Star Court, a 123-room boutique hotel located within The Domain, a 303-acre master planned development in Austin, TX. The CMBS loan, funded by a Wall Street investment bank pays 3.49% interest only over the entire 10-year term. Loan proceeds were utilized to retire existing debt and provide working capital. Hotel amenities include The Water Trough Restaurant and Bar, 1,933 square feet of meeting space, 3,341 square feet of outdoor event space, a fitness center, swimming pool, and 154 parking spaces. Lone Star Court is ran...
Hyatt Affiliate Signs With Umm Alqura to Develop Grand Hyatt Branded Hotel in Makkah
Grand Hyatt | March 2, 2020
CHICAGO (March 2, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Umm Alqura for development and construction of a Grand Hyatt branded hotel in the Holy City of Makkah in the Kingdom of Saudi Arabia. Located in close proximity to the Grand Mosque, the hotel will be an integral component of the King Abdul Aziz Road (KAAR) mixed-use urban development project, designed to support one of the fastest-growing religious tourism markets in the world. “The Kingdom of Saudi Arabia is one of Hyatt’s prime focus areas within the Middle East," said Ludwig Bouldoukian,...
Hilton Signs With Mitsubishi Estate for Hilton Okinawa Miyako Island Resort
Mitsubishi Estate | March 2, 2020
TOKYO, Japan and MCLEAN, Va. - Hilton (NYSE: HLT) today announced that the company entered into a management agreement with Mitsubishi Estate Co., Ltd. scheduled to open Hilton Okinawa Miyako Island Resort in 2023. Constructed by Mitsubishi Estate and Kajima Corporation, this will be Hilton’s first property on Miyako Island, located approximately 300km southwest from Okinawa’s main island. Hilton Okinawa Miyako Island Resort will join Hilton’s portfolio of six hotels in Okinawa presently operating under two brands, including Hilton Hotels & Resorts and DoubleTree by Hilton. Known for its clear blue waters and home to the pop...
Chesapeake Hospitality Adds Doubletree by Hilton Hotel & Suites Pittsburgh Downtown to Management Portfolio
Chesapeake Hospitality | March 2, 2020
GREENBELT, Md., March 2, 2020 – Chesapeake Hospitality, an award winning third-party hotel management company with properties across the country, announced today its new role as property manager for Doubletree by Hilton Hotel & Suites Pittsburgh Downtown. The property is Chesapeake Hospitality’s second Doubletree Hotel in the Pittsburgh area including Doubletree by Hilton Hotel Pittsburgh-Cranberry. Chris Green, President and CEO of Chesapeake Hospitality, made the announcement. “We’ve had an incredible past year identifying great opportunities to bring our results focused management expertise to the right properties acros...
Centara and Hua Hin Pearl Sign HMA for Cha Am Resort
Centara | February 28, 2020
Bangkok, Thailand – 28th February 2020 - Centara Hotels & Resorts, Thailand’s leading hotel operator, and Hua Hin Pearl Resort Company Limited, announced the signing of a Hotel Management Agreement (HMA) for Centra by Centara Cha Am Beach Resort Hua Hin. Senior executives from the two companies officially executed the agreement at a signing ceremony held yesterday at Centara’s flagship Centara Grand & Bangkok Convention Centre at CentralWorld. Hua Hin Pearl, the owner of the property which is owned by a major shareholder of KTIS Group, a leading Thailand-based sugar company, acquired the former Beach Garden Hotel and carried ...
HCW Breaks Ground on 265-Room Caesars Republic Scottsdale Hotel
HCW | February 28, 2020
SCOTTSDALE, Ariz., Feb. 28, 2020 -- HCW, a real estate development company with offices in Arizona and Missouri, announced that it has broken ground on the first Caesars Republic non-gaming U.S. hotel. HCW, which has developed more than $2 billion in real estate in the last 23 years, has teamed up with Caesars Entertainment Corporation (NASDAQ: CZR) and Macerich (NYSE: MAC) to bring the 265-room Caesars Republic Scottsdale luxury brand hotel to Scottsdale, Arizona. The hotel will be located at Scottsdale Fashion Square on the southeast corner of Goldwater Blvd. and Highland Ave. in the heart of the Scottsdale dining lifestyle district....
Accor Signs With MIT Group Holdings to Develop SO/Melbourne
Accor | February 27, 2020
Today, Accor announces the continued expansion of its luxury portfolio in Australia, with the debut of the vibrant and playful SO/Hotels & Resorts luxury brand in Melbourne, Australia. Slated to open in 2023, SO/Melbourne is set to be a bold, fashionable and luxurious designer hotel, located in a prime CBD position overlooking Flagstaff Gardens. Positioned on the corner of William and Franklin Streets, the hotel is within close reach of Melbourne’s key commercial, retail and leisure attractions. The first SO/ branded hotel for Australia and second in the region following SO/Auckland, will boast 288 avant-garde guestrooms and suites...
Alliance Hospitality Announces $2.5 Million Restyling and Conversion of Delta by Marriott Chicago North Shore to Renaissance
Renaissance Hotels | February 27, 2020
Chicago, February 27, 2020 – Alliance Hospitality announced today its conversion of the Delta by Marriott Chicago North Shore Suites into a Renaissance Hotel. The Renaissance Chicago Glenview Suites will officially open on March 4, 2020. The property underwent a $10 million renovation in 2017, as it was converted from Wyndham to Delta, upon its acquisition by Glenview Investors-Hotel LLC. The property features over 14,000 sq. ft. of meeting space, an indoor pool and 1,000 sq. ft. state-of-the-art fitness center. Food & Beverage options include an on-site Starbucks and Bourbon Kitchen & Tap Restaurant. The restaurant, which was ...
Radisson Hotel Group Signs Hotels in Long Island City, Los Angeles, Nashville and San Francisco
Radisson Hotel Group | February 26, 2020
Minneapolis - February 26, 2020 - Radisson Hotel Group (RHG) today announced at its Americas Business Conference in Las Vegas, Nev. the signing of five hotels set to join its Americas portfolio, including three Radisson RED hotels in top U.S. destinations. “Over the past two years, our team has been working aggressively to grow our Americas portfolio, primarily in key gateway markets in the U.S.,” said Terry Sanders, chief development officer, Americas, Radisson Hotel Group. “These signings, many of them new-build hotels, from the Music City to the sunny West Coast, exemplify the commitment from our owners, who understand our vision a...
Hyatt Signs With edyn for First Hyatt Centric in UK
Hyatt Centric | February 26, 2020
CHICAGO (February 26, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a franchise agreement with edyn, a UK-based hospitality group, for the first Hyatt Centric hotel in the UK. The 150-room hotel is expected to open in 2021 and will mark the seventh Hyatt Centric property in Europe. “We are thrilled to announce plans to bring the Hyatt Centric brand to the UK – where we’re focused on growing Hyatt’s brand presence – and the first Hyatt hotel to Cambridge, England,” said Guido Fredrich, Hyatt’s regional vice president of development for Europe. “We are looking forward ...
Kingston Resorts® to Undergo $50 Million Dollar Multi-Phase Transformative Renovation and Repositioning
Embassy Suites by Hilton | February 26, 2020
MYRTLE BEACH, S.C. - EOS Investors LLC (EOS), a privately held real estate investment firm, has unveiled plans for a multi-phase $50 million dollar renovation of the Kingston Resorts® properties, beginning with a comprehensive $20 million dollar investment in the Hilton Myrtle Beach Resort followed by a $30 million dollar investment in the Embassy Suites Myrtle Beach Oceanfront Resort. The transformative renovation of Hilton Myrtle Beach Resort is set for completion by June 2020 and will bring EOS’s vision to life for the future of these legacy properties, which includes a repositioning and reintroduction of the Hilton property as on...
The Grand Hyatt Brand Selected as Flag for New Miami Beach Convention Center Hotel
Grand Hyatt | February 24, 2020
Miami Beach, FL – Feb. 24, 2020 – The development team behind Miami Beach’s new Convention Center hotel announced today that an 800-room property will be operated by Hyatt under the luxury Grand Hyatt brand, when it opens to guests in 2023. Grand Hyatt Miami Beach will create a new hospitality option for visitors attending events at the adjacent Miami Beach Convention Center, which underwent a $600 million renovation that was completed last year, and anchor the Convention Center District. The hotel development is being led by David Martin of Terra and Jackie Soffer of Turnberry, whose plans for the hotel were overwhelmingly appro...
How to Control Payroll for Better Profit
HotStats | February 24, 2020
For hoteliers and investors, it’s easy to be dazzled by revenue numbers. Unfortunately, when labor costs jump, revenue can quickly disintegrate. This is why getting a grasp on payroll data is at the heart of driving profit. Rising labor costs have put a fright into even the most seasoned of hoteliers. And there's reason for concern: Not accounting for payroll can eviscerate profit. Consider how U.S. hotels performed in the third quarter last year. Total revenue (TRevPAR) jumped across the board, but had trouble filtering down to the bottom line. Why? Hotels were hit by a 3.7% year-over-year increase in labor costs. The good n...
Europe’s Hotel Construction Pipeline Continues an Upward Trend Despite Some Economic Challenges
Lodging Econometrics | February 24, 2020
February 21, 2020 – PORTSMOUTH, NH - According to the recent Europe hotel construction pipeline trend report from Lodging Econometrics (LE), Europe’s total construction pipeline rose to 1,871 projects/297,490 rooms in the fourth quarter of 2019, a 19% increase by projects and 22% by rooms, year-over-year (YOY). There are 879 projects/140,620 rooms currently under construction, 531 projects/81,235 rooms scheduled to start construction in the next 12 months, and 461 projects/75,635 rooms in early planning. All stages of the pipeline are at record highs and have counts more than double their cyclical lows set earlier in the decade. Ho...
The Waterfront Beach Resort, a Hilton Hotel, Sees Six-Figure Revenue From Partnership With ResortPass
The Waterfront Beach Resort | February 20, 2020
What started as a way to fill a few pool loungers and cabanas quickly becomes a profitable new opportunity for an award-winning property that now offers a variety of daycation experiences to guests Santa Monica, California (February 20, 2020) – Since partnering with ResortPass in early 2019, The Waterfront Beach Resort, a Hilton Hotel, has seen an impressive six-figure boost to their bottom line. With full control of who visits the property and which amenities are made available based on inventory and seasonality, the AAA Four Diamond award-winning resort has created unique offerings that cater to their desired audience. From family-fri...
Greater Fort Lauderdale Alliance and Shiji Group Announce High-Tech Job Growth and Innovation in South Florida
Shiji Group | February 19, 2020
Hollywood, FL – Shiji Group, a leading global hospitality technology provider, and the Greater Fort Lauderdale Alliance (GFLA), Broward County’s official partnership for economic development, announced the company is contributing to tech-focused job growth in the South Florida region with the addition of 70 new high-value tech jobs. On Tuesday, February 18th Shiji and GFLA commemorated the announcement during the ribbon-cutting ceremony of Shiji Group’s third corporate headquarters in the Americas, located in Hollywood, FL. The ceremony was attended by Commissioner Richard Blattner of Hollywood, FL, President and CEO of GFLA, Bob Swi...
Tapestry Collection by Hilton Expands to Asia Pacific With Two Hotel Signings
Prince Housing and Development | February 18, 2020
SINGAPORE and MCLEAN, Va. - Hilton (NYSE: HLT) marked the launch of the Tapestry Collection by Hilton brand in Asia Pacific with the signing of development agreements to open two new hotels in Taipei and Christchurch — Hotel Resonance Taipei, Tapestry Collection by Hilton and The Modern Christchurch, Tapestry Collection by Hilton. Under a franchise agreement with Times Square International Stays Corp, a subsidiary of Prince Housing & Development Corp, Hotel Resonance Taipei is slated to open at the end of 2020. The Modern Christchurch will open in the third quarter of 2021, under a franchise agreement with Sarin Investments Limited ...
Dream Hotel Group Signs Milestone Deal to Bring Iconic Dream Hotels Brand To Las Vegas, Nevada
Dream Hotels | February 18, 2020
NEW YORK, NY (February 18, 2020) – Celebrated hotel and brand management company Dream Hotel Group today announced plans to debut its flagship lifestyle brand Dream Hotels in Las Vegas with a free-standing 450-room luxury lifestyle hotel on the Las Vegas Strip in 2023. The signing of Dream Las Vegas with local developers Contour and Shopoff Realty Investments marks an exciting new chapter in the continued growth and expansion of the company and its namesake lifestyle brand Dream Hotels. Construction on Dream Las Vegas is expected to begin in early 2021. "Today’s announcement is a testament to the strength of our brands, setting the ...
Jackson-Shaw Selects Crescent Hotels & Resorts to Manage AC Hotel Fort Worth Opening Fall 2020
AC Hotel Fort Worth | February 17, 2020
FORT WORTH (Feb. 17, 2020) – AC Hotel Fort Worth, a key addition to Tarrant County’s hospitality market, has hit some key milestones on its way to a planned early fall 2020 opening. This includes the selection of its leadership team – operating company, general manager and director of sales and marketing. The 252-room, 16-story AC Hotel Fort Worth is owned and developed by Jackson-Shaw, a national real estate company headquartered in North Texas. “Jackson-Shaw is excited to welcome Crescent Hotels & Resorts as AC Hotel Fort Worth’s management company, industry veteran Aaron R. Oquendo as general manager and Jillian Lehmann as...
