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
JMJ Development Bringing Mandarin Oriental Hotel and Resdiences to Dallas, Texas
JMJ Development | November 12, 2019
Dallas, November 12, 2019 -- JMJ Development has announced that it will be the developer and owner of a luxury hotel in Dallas, Texas which will be managed by the prestigious Mandarin Oriental Hotel Group. The project, which will also feature branded residences, is scheduled to open in 2022. The new development will comprise a 25-story mixed-use tower located in the exclusive Turtle Creek neighborhood, one of Dallas’s wealthiest and most attractive neighborhoods. The project is within close proximity to the central business district and a number of cultural attractions including the Dallas Theatre Centre and Arts District. The hotel will...
LHM Canada Breaks Ground on Holiday Inn Express & Suites – Toronto Airport South
Holiday Inn Express | November 12, 2019
Toronto, Ontario (November 12, 2019) – LHM Canada Inc. broke ground today on a new 120-room Holiday Inn Express & Suites hotel in the Toronto Pearson International Airport area. The new hotel will be called, the Holiday Inn Express & Suites – Toronto Airport South. LHM Canada has had a long history with the InterContinental Hotels Group (IHG) and has developed and managed several other IHG branded hotels over the years. The hotel is slated to open in the fourth quarter of 2020. InterContinental Hotels Group (IHG), one of the world’s leading hotel companies, is the parent company of the Holiday Inn Express brand. The hotel ...
Phoenix Development Partners Acquires Historic Chicago Office Building to Redevelop as 350-Key Dual-Branded Hilton Property
Phoenix Development Partners | November 11, 2019
CHICAGO – November 5, 2019 – Phoenix Development Partners (“Phoenix”), as the lead sponsor, in partnership with Green Door Capital, Crowdstreet, Polaris, among other minority investors, announced the acquisition of 226 West Jackson (Chicago), a 238,000sf historic office building. This property will be restored and transformed to become a 350-room dual flag Hilton property (a Canopy by Hilton – 215 rooms - on the upper floors and a Hilton Garden Inn – 135 rooms - on the lower floors). John Mangel, Founder and CEO of Phoenix Development Partners commented that “the restored property will include a new 4,800sf rooftop restaurant...
Hospitality Financial Leadership: Controlling Food Cost – Top 10 List
David Lund | November 11, 2019
By David Lund Food cost is a never-ending battle in a war that does not end. You can never take your foot off the gas, if you do you will slow down. When you slow down in the food cost world it is costly. Back in the day I cut my teeth as a receiver, F&B cost control clerk and ultimately an F&B cost controller. Here is my top 10 list of food cost control strategies you can either put in place, re-commit to doing, or ask yourself why it is not already being done.😊 Shop Around Check Your Receiving Lock it Up Menu Costings Embrace Contribution Margin Separation of Duties After Hours Invoice Approval ...
Tapestry Collection by Hilton Hotel on the Way for Pappas Properties’ Midtown Charlotte Development
Pappas Properties | November 7, 2019
CHARLOTTE, N.C., Nov. 7, 2019 -- Pappas Properties today unveiled details for the next phase of development at its 7-acre property in Midtown Charlotte, including a Tapestry Collection by Hilton Hotel and new office and retail space that will complement the two state-of-the-art medical office buildings already being built for Atrium Health. The 150-room hotel will be the first Tapestry Collection by Hilton location in the Charlotte area. Launched in 2017, Tapestry Collection by Hilton is a collection of hotels that embraces the distinctive, local culture of each hotel's environment, ensuring that each property in the collection offers a un...
The Luxury Collection Debuts in Qatar With Opening of Al Messila in Doha
The Luxury Collection® Hotels & Resorts | November 7, 2019
The Luxury Collection today announced the opening of Al Messila, A Luxury Collection Resort & Spa in Doha, marking the debut of the brand in Qatar. Only 25 minutes from Hamad International Airport and 15 minutes from Doha’s city centre, West Bay, Al Messila is an urban oasis designed to respect the area’s natural surroundings. The ‘private palace’ setting is a celebration of a verdant retreat in the heart of the desert, offering attentive service infused with age-old Qatari hospitality. A cherished reflection of the local spirit, Al Messila is anchored by holistic wellness and epicurean journeys for each guest to embark on during ...
70-Room, Limited-Service Hotel in New Mexico to Hit Online Auction Block via RealINSIGHT Marketplace, This December
RealINSIGHT Marketplace | November 7, 2019
Aztec, NM Presidential Inn is being offered significantly below replacement cost with 1.72 Acres included in the sale. This December, Presidential Inn, a 70-room, limited-service hotel located in Aztec, New Mexico, will be auctioned through the online commercial real estate auction platform, RealINSIGHT Marketplace. The offering, presented by Berkadia and RealINSIGHT Marketplace, is unencumbered of management and the current lender will consider financing a new buyer. The new buyer will also have the opportunity to affiliate the Hotel with a new major brand, including Microtel, Comfort Inn, Sleep Inn, Red Lion, Red Roof Inn, o...
Briad Group Breaks Ground on AC by Marriott San Diego
The Briad Group | November 7, 2019
San Diego, CA, Nov. 7, 2019 – AC Marriott, an upscale lifestyle hotel, celebrated the groundbreaking of AC San Diego today. Located at 743 Fifth Avenue, the hotel is in the heart of the Gaslamp Quarter and provides guests easy access to the San Diego Convention Center, Petco Park, Seaport Village, USS Midway Museum, Waterfront Park and a variety of shops and restaurants. AC by Marriott San Diego is owned and managed by Briad Lodging Group, LLC, the hotel division of Livingston, New Jersey-based The Briad Group. The hotel is one of 11 new properties Briad will open in the next three years. Community representatives joined Briad executives...
Choice Hotels and Koucar Management Break Ground on Detroit’s First Cambria Hotel
Cambria Hotels | November 4, 2019
ROCKVILLE, Md., Nov. 4, 2019 -- Choice Hotels International, Inc. (NYSE: CHH) and Koucar Management celebrate the official start of construction on Detroit's first Cambria hotel: the Cambria Hotel Detroit Downtown. Slated to open in 2020, the modular-construction, six-story, 158-room upscale hotel will become the Cambria brand's second location in Michigan. Nine other Cambria hotels have already opened their doors this year, together representing over 1,200 upscale rooms. Three more Cambria hotels are expected to open in top-tier markets across the country by year-end. This milestone was marked at an event attended by local dignitaries an...
Winter Opening Planned for New AC Hotel Atlanta Airport Gateway Led by General Manager Jeff Fowler
AC Hotels by Marriott | October 30, 2019
ATLANTA (October 30, 2019) – AC Hotels by Marriott® announces today the newest addition to its Atlanta portfolio, AC Hotel Atlanta Airport Gateway, with plans to open this winter in the developing Gateway Center in College Park, Ga. Set just beside the Georgia International Convention Center (GICC) and a few steps off of Hartsfield-Jackson Atlanta International Airport’s ATL SkyTrain, the new-build property provides unprecedented convenience and affordable luxury for both weekday and weekend Atlanta travelers alike. AC Hotel Atlanta Airport Gateway is thoughtfully designed for today’s entrepreneurial business travelers alongside vac...
McWhinney to Begin Construction of New Hyatt Centric Hotel in Austin, Texas
McWHINNEY | October 30, 2019
AUSTIN, Texas (Oct. 30, 2019) – McWHINNEY a Colorado-based real estate investor and developer with expertise in mixed-use, hospitality, commercial, multifamily and residential assets, will begin construction next month on Hyatt Centric Congress Avenue Austin, a new full-service lifestyle hotel in a prime downtown Austin location. Expected to open in Fall 2021, Hyatt Centric Congress Avenue Austin will offer 246 modern guestrooms, including a nearly 1,400 square foot Presidential Suite that will also be available as private event space. The hotel will be managed by Hyatt. The hotel’s interior spaces will be inspired by Austin’s b...
Hospitality Financial Leadership: The Ultimate Hotel P&L
David Lund | October 28, 2019
By David Lund I know a lot of people have some confusion and a slight frustration when it comes to the financial information that’s available in a hotel and the way it’s presented. The 11th edition of the Uniform System of Accounts for the Lodging Industry (USALI) is rock solid in its acceptance and use in our industry for those who know about it and choose to use it. But what if there is a better way to look at the financial information that helps operators see their results (and better still their budgets and forecasts) in a different light? A light that shines on the various different levels of profitability by business type. ...
Hilton Signs Franchise Agreements for Trio of Hotel Brands in Madrid, Spain
HIP Hotel Investment Partners | October 25, 2019
MADRID and MCLEAN, Va. - Hilton today announced the signing of three hotel franchise agreements with strategic investor partners, bringing three new brands to Madrid, of which two mark brand entries to the country. The addition of Canopy by Hilton Madrid Castellana; El Metropol Madrid, Curio Collection by Hilton; and Atocha Hotel Madrid, Tapestry Collection by Hilton represents a significant milestone for the global hospitality company, illustrating Hilton’s continued investment in Madrid as a premier tourist destination and its ambitions to further expand across Spain. Patrick Fitzgibbon, senior vice president, development, EMEA, Hilto...
Highgate Opens The Candler Hotel, Curio Collection by Hilton in Downtown Atlanta
CURIO COLLECTION BY HILTON | October 24, 2019
ATLANTA and MCLEAN, Va. -- October 24, 2019 -- A new chapter begins for a beloved, iconic landmark with the debut of The Candler Hotel, Curio Collection by Hilton — one of the most highly anticipated hotel openings in Atlanta this year. The first Curio Collection by Hilton property to open in the city, the majestic property opens its doors today at 127 Peachtree Street NE in Downtown Atlanta. “Centrally located in one of the most innovative and diverse cities in the U.S.,The Candler Hotel is an exciting addition to our collection of one-of-a-kind hotels,” said Jenna Hackett, global head, Curio Collection by Hilton. “As we conti...
Reuben Brothers Acquire Historic Property in Rome to Be Developed and Operated by Corinthia Hotels
THE REUBEN BROTHERS | October 24, 2019
Oct. 24, 2019 -- The Reuben Brothers have acquired a historic property in the centre of Rome and entered into contractual arrangements with Corinthia Hotels, the five-star hotel portfolio, to develop, lease and operate it as an ultra-luxury hotel. The property is the former seat of the Central Bank of Italy on Parliament Square. Plans are in hand for the conversion of the 7,500m2 property into a luxury destination, featuring, in addition to guest suites and bedrooms, restaurants and bars wrapping around a central garden as well as a spa and rooftop amenities. Jamie Reuben, a principal at Reuben Brothers, said: “This acquisition and dev...
U.S. Virgin Islands Hotel Expansion Gets a Boost With New Hotel Development Law
| October 24, 2019
CHARLOTTE AMALIE, U.S. Virgin Islands -- Oct. 24, 2019 -- The U.S. Virgin Islands took another in a series of strategic moves to encourage economic development under the leadership of Governor Albert Bryan, Jr. The expanded Hotel Development Bill, No 33-0104, signed into law on Oct. 7 allows hotel developers to channel a percentage of room revenue to finance renovating existing properties and building new hotels. Administered through the U.S. Virgin Islands Economic Development Authority (USVIEDA), the bill was created to encourage and promote economic growth in the Territory and incentivize construction of new hotels and resorts incl...
Construction Underway on Ambiente, North America’s First Landscape Hotel
Ambiente, a Landscape Hotel | October 23, 2019
SEDONA, Ariz. (Oct. 23, 2019) – North America’s first “landscape hotel” is now underway with sitework and construction amidst the red rocks of Sedona, Ariz., offering a new way for travelers to embrace sustainable tourism in one of the rarest and beautiful places in America. Ambiente, A Landscape Hotel, will begin to take shape following the official site dedication yesterday by developer Two Sister Bosses and the City of Sedona. The highly anticipated hotel features 40 cube-shaped, luxury guest Atriums elevated above the ground by steel piers and encased in bronze glass to give the appearance that the structures are floating. Ambi...
Sonnenblick-Eichner Company Arranges $13,750,000 of Construction and Interim Financing for L’Horizon Resort & Spa, Palm Springs, CA
Sonnenblick-Eichner Company | October 23, 2019
Beverly Hills, CA (October 23, 2019) -- Sonnenblick-Eichner Company has arranged $13.75 million in construction and interim financing for the world-renowned L’Horizon Resort and Spa, a full-service, luxury resort located in Palm Springs, CA. The five-year LIBOR-based loan provides funds to refinance the existing debt on the 25-room resort as well as for the ground-up construction of an additional 24 bungalow-style guestrooms on an adjacent parcel. Widely considered one of the premiere destinations in Palm Springs, L’ Horizon Resort and Spa was ranked #1 Resort in the United States in 2018 and #2 in the world in 2019, according to Co...
IHG Signs With Thanishq Grande Hotels & Resorts for Holiday Inn Express Bengaluru Bommasandra
IHG® | October 22, 2019
InterContinental Hotels Group® (IHG), one of world’s leading hotel companies has signed a management agreement with Thanishq Grande Hotels & Resorts Private Limited for Holiday Inn Express Bengaluru Bommasandra. The new-built hotel will feature 170 keys and is expected to be operational by Q4 2022. IHG currently operates three Holiday Inn Express hotels in Bengaluru, and the recent signing will further strengthen the brand’s presence in the city. The Holiday Inn Express brand has recently gained significant momentum in the country with the opening of 10 hotels, across key cities, positioning IHG as one of the leading hospitality p...
Hyatt Partners With Cariari Premium Outlets to Develop New 120-Room Hyatt Place Hotel in Costa Rica
Hyatt Place | October 22, 2019
CHICAGO (October 22, 2019) - Hyatt Hotels Corporation (NYSE:H) announced today that Hyatt has entered into a management agreement with Cariari Premium Outlets S.A. and affiliates for a new Hyatt Place hotel in the province of Heredia in Costa Rica. The 120-room Hyatt Place San Jose Cariari will be located less than one mile away from the recently opened Costa Rica Convention Center, in the heart of the country’s most important economic center. With construction expected to begin in early 2020, Hyatt Place San Jose Cariari is projected to open in the second quarter of 2021, and will join the already open Hyatt Place San Jose Pinares a...
Hilton Signs With Garfield to Bring Full-Service Doubletree by Hilton to Abilene Convention Center
| October 22, 2019
ABILENE, TX -- Oct. 22, 2019 -- It will be a homecoming of sorts when a full-service convention Hilton property returns to the heart of downtown Abilene in late 2021. From 1927-1945, Abilene’s Hilton Hotel – only the second in the country to bear that iconic name -- brought a new standard of luxury to west Texas. Fast forward 76 years, as Abilene eagerly prepares to welcome the new Doubletree by Hilton. The hotel is poised to become a popular home-base for visitors, just steps from the Convention Center as well as all of downtown’s dining offerings and historic attractions. In a special ceremony on Friday, October 18th, the City of...
Edwardian Hotels London Plans June 2020 Opening of Flagship Hotel, The Londoner
Edwardian Hotels | October 22, 2019
NEW YORK, NEW YORK -- October 22, 2019 -- The newest property and flagship hotel under Edwardian Hotels London, The Londoner will open in June 2020 as the world’s first super boutique hotel, situated within the heart of London’s West End in the world-famous Leicester Square neighborhood. Boutique in feeling yet staggering in scale, The Londoner offers a multifaceted experience combining the best aspects of a luxury boutique hotel with a thoughtful range of bespoke meetings and events spaces, to deliver an enhanced new concept that meets the needs of travel buyers and corporate travelers. The hotel will set a new standard for contempora...
IHG Signs With The Arabian Hospitality Company to Develop Holiday Inn Madinah West
IHG | October 21, 2019
The hotel will cater to the increasing number of religious tourists visiting the country IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed a Management Agreement with leading hospitality supplier, The Arabian Hospitality Company, to open Holiday Inn Madinah West in 2022. The new property will cater to the influx of religious tourists expected as part of Vision 2030 and reinforces IHG’s commitment to expand its presence and diversify its portfolio across the Kingdom. Once completed, the 700-key property will be IHG’s fourth hotel in Madinah, joining InterContinental Dar Al Hijra, InterCon...
Radisson Brand Signs With Prospect Group to Make Russia Debut in Perm
Radisson | October 17, 2019
Radisson Hotel Group is proud to announce the signing of the first Radisson-branded hotel in Russia. Set to arrive in the Urals region of the country, the newly built Radisson Hotel Perm will have 150 rooms and is due to open in late 2021. This new signing brings the group’s Russian portfolio to a total of 39 hotels and 10,320 rooms in operation or under development. Last year, traffic at Perm International Airport reached 1.2 million passengers and continues to grow from both local and international destinations. It is rapidly developing as a destination for both leisure and business travelers. Elie Younes, Executive Vice President ...
