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 Statement on Health of President and CEO Arne Sorenson
Marriott International | May 3, 2019
Marriott International, Inc. (NASDAQ: MAR) today announced that President and CEO Arne Sorenson was diagnosed on Wednesday with stage 2 pancreatic cancer. Sorenson, 60, received the diagnosis from a medical team at Johns Hopkins Hospital in Baltimore after a series of tests. Sorenson will remain in his role while undergoing treatment. In a message to Marriott International associates, Sorenson noted: "The cancer was discovered early. It does not appear to have spread and the medical team – and I – are confident that we can realistically aim for a complete cure. In the meantime, I intend to continue working at the company I l...
Mic Drop: Next REVERB by Hard Rock to Be Located in Sonoma Wine Country
May 2, 2019
HOLLYWOOD, Fla., May 2, 2019 -- REVERB by Hard Rock, Hard Rock's newest generation of music-centric hotels, is revving up the anticipation with the announcement of its second select service property, REVERB by Hard Rock Sonoma Wine Country, slated to open in summer of 2020. The property will join the inaugural REVERB by Hard Rock Atlanta, which is scheduled to open earlier next year. "REVERB by Hard Rock is lighting up the select service scene for 2020," said Todd Hricko, senior vice president, global hotel business development for Hard Rock Hotels. "The city of Cotati is the perfect location for our second REVERB, as...
IHG Partners With QLong Investments to Develop Flagship Holiday Inn in Queenstown Remarkables Park, New Zealand
IHG | May 1, 2019
IHG® will open a brand-new Holiday Inn in Queenstown Remarkables Park following the signing of an agreement with property owner QLong Investments Limited. Set to open its doors in early 2021, Holiday Inn Queenstown Remarkables Park will be a flagship for Holiday Inn in New Zealand, showing off the latest and best of the world's largest hotel brand family. The 182 room build will be conveniently located within a few minutes' drive from Queenstown Airport and close to The Remarkables Ski Field, perfectly positioned and easily accessible to visitors, families and holidaying groups. It will feature an all-day dining and bar venue, as we...
How Hotel Design and Concept Development Can Benefit From Revenue Management Insights
Patrick Landman | April 30, 2019
By Patrick Landman Over the last few years we have gotten more and more involved in the businesses of our hotel clients. We have seen a clear difference in revenue and profitability in hotels where we got involved at project definition stage vs coming in at pre-opening. There are many key points that increase the revenue potential of a hotel or resort, which architects, designers and investors are overlooking. And we are not talking about pocket change. I estimate the upside by utilizing revenue management insights to be easily 10% to 25% in top line income. Just think about how much this would impact your bottom line profit. We have de...
Deutsche Hospitality Partners With ICD to Develop Jaz in the City Hotel in the Deira Quarter of Dubai
Jaz in the City | April 30, 2019
Frankfurt am Main, 29 April 2019 Jaz in the City to conquer Dubai! The fourth hotel to operate under the Jaz in the City lifestyle brand will open in the United Arab Emirates in 2022. After establishing locations in Amsterdam, Stuttgart and Vienna, the Jaz Crew will be setting up shop right next to Dubai's historic souks and within the immediate vicinity of the famous Dubai Creek. "Jaz in the City really comes into its own in places where a unique local cultural scene meets an international audience seeking a particular lifestyle and an inimitable experience," said Deutsche Hospitality CEO Thomas Willms. "We have found just such a venue...
Muckleshoot Indian Tribe to Develop Luxury 400-Room Hotel at Muckleshoot Casino
Muckleshoot Indian Tribe | April 29, 2019
Twenty-four years after opening a casino which would set the standard for gaming in Washington State, the Muckleshoot Indian Tribe will once again redefine expectations with the addition of a luxury resort at Muckleshoot Casino. Anticipated to open in the second quarter of 2021, the 18-story, 400-room hotel tower will offer sweeping views showcasing the natural beauty of the Pacific Northwest. Sixty percent of the accommodations will allow for stunning panoramas of Tahoma, the native name for Mount Rainier, while other rooms will showcase the majesty of the Olympic mountain range. Beyond the comfort of their plush retreats, guests will ...
Charleston’s Wild Dunes Resort Plans New 153-Room Hotel Expansion to Open in Early 2021
Wild Dunes Resort, A Destination Hotel | April 29, 2019
CHARLESTON, S.C. (April, 2019) – Wild Dunes Resort, A Destination Hotel, is expanded its existing oceanfront meeting destination on the Isle of Palms, just 30 minutes outside of historic downtown Charleston. Opening in early 2021, the highly anticipated project will add a new 153-room hotel bringing the total to 400 guestrooms and suites, in addition to the existing 240 vacation rental homes and condos. The new, multi-faceted meeting and event space includes a grand ballroom with pre-function space and rooftop ballroom and event terrace with 270-degree panoramic ocean views, now allowing the resort to welcome groups of up to 650 a...
JMBM’s Global Hospitality Group® to Host the 29th Annual Meet the Money® National Hotel Finance and Investment Conference May 6-8, 2019 in Los
Meet the Money | April 29, 2019
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com April 29, 2019 LOS ANGELES—JMBM's Global Hospitality Group® will host Meet the Money® national hotel finance and investment conference May 6-8 at the Hyatt Regency LAX in Los Angeles. Now in its 29th year, this annual event will bring together hotel owners, operators, developers, consultants, investors, brands, lenders and other capital providers to discuss current developments in the industry as well as strategies for the future. "Our line-up of more than 70 speakers include top hospitality leaders who will share their expe...
Margaritaville Beach Resort at The Pointe Bahamas Celebrates Topping Off
Margaritaville at The Pointe | April 29, 2019
Orlando, Fla. – April 25, 2019 – Margaritaville Beach Resort at The Pointe, the highly-anticipated beachfront resort coming to the Bahamas' capital, celebrated its progress with a topping off celebration last month and today released a new rendering (shown above) of the soon-to-open resort. The five-star Margaritaville Beach Resort will be an integral part of Margaritaville at The Pointe, an exclusive $250 million, seven-acre luxury development located on Nassau Harbour in the Bahamas "The topping off of Margaritaville Beach Resort at The Pointe is one more exciting step in nearing completion of The Pointe," said Daniel Liu,...
Hospitality Financial Leadership: Investing in Financial Leadership in Your Hotel
David Lund | April 29, 2019
By David Lund CFO to CEO: "What happens if we invest in developing people and they leave?" CEO: "What happens if we don't and they stay?" I found this exchange in, of all places, the internet. Go figure. It's an interesting back and forth that I know plays out in many organizations. Investing in anything training related in business is tricky. Not only when it comes to the money and resources it takes, but it's also the matter of finding the appropriate training. I also believe one of the biggest stumbling blocks to creating and investing in a culture where we train and develop our leaders continually, is the ability to have it result i...
Hyatt Signs With wasl Asset Management Group for Development of Andaz Dubai The Palm
Andaz | April 29, 2019
CHICAGO -- Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with wasl Asset Management Group, one of the largest real estate development and management companies in Dubai, for the development of an Andaz branded hotel on the Palm Jumeirah. Occupying prime real estate on the world-famous man-made island, Andaz Dubai The Palm is slated to open in the last quarter of 2019, becoming the first Andaz branded hotel in Dubai and the second Andaz hotel in the United Arab Emirates, joining Andaz Capital Gate Abu Dhabi. Created for the inquisitive-minded traveler, the hotel will offe...
New Research Study Explores Trends to Meet Consumer of the Future Needs
IHG | April 29, 2019
The end of room types, robots at the concierge and achieving 'cult status': new Amadeus-IHG research asks if this is the future of hospitality? New research study, Drivers of Change in Hospitality, explores the changes we can expect as guest insight, technology optimization and the ability to hyper-personalize take effect. Informed by over 7,500 consumers worldwide and industry experts, the study identifies three trends that the sector must respond to meet the needs of the consumer of the future. Traditional room types have been around forever - single, double, twin, suite or family room. It's a tried and tested format, beloved by hotel...
Xanterra Investing $30 Million for Rebuild of Maswik South Lodging at South Rim, Grand Canyon Slated for 2020 Opening
Xanterra Travel Collection | April 25, 2019
SOUTH RIM, GRAND CANYON — April 25, 2019 — Grand Canyon South Rim is getting a "birthday present" for its Centennial: as part of its concession contract with the National Park Service (NPS), Xanterra Travel Collection is investing $30 million to rebuild the Maswik South Lodging complex at South Rim. The existing 90 rooms, constructed in 1971, will be replaced with 120 new lodging units within four new lodging structures in the same general location. The new Maswik guest lodging is anticipated to open in Summer of 2020. The new units will greatly improve the guest experience adding new amenities to the two-story structures in...
Red Roof® Unveils Evolution of Extended Stay Brand HomeTowne Studios by Red Roof®
April 25, 2019
COLUMBUS, Ohio, April 25, 2019 -- Red Roof has unveiled the first prototype of the new build concept of its sub-brand, HomeTowne Studios by Red Roof®. A company that obsessively listens to its guests, this new prototype design is based on the number one request from consumers: more functional storage in room but not at the expense of good design. The new build upgraded specifications for exterior, lobbies and rooms provide guests with everything they need for an elevated extended stay experience and provides franchisees with a cost- effective solution to drive performance. Developed as a home away from home; a comfortable, convenien...
In Revenue Management, You Can Have Good Timing AND Good Forecasting
Dan Skodol | April 25, 2019
By Dan Skodol I recently read a piece about an international resort company that introduced a Revenue Management System (RMS) within the last five years. Like many resort properties around the world, their hotels have a high degree of dependence on contracted tour business and other leisure-oriented distribution channels. Because of the long lead-time associated with forming these contracts, "timing" is a very important focus of Revenue Management as missing a contract season means missing out on bookings that are essential to their performance. This certainly makes sense. But I got lost was when the Revenue Manager stated in an intervi...
IHG Signs With City Motors Group for New-Build Holiday Inn Slated for 2023 Opening in Kuala Lumpur
April 25, 2019
IHG® (InterContinental Hotels Group), one of the world's largest hotel companies, has signed a management agreement with City Motors Group for a new-built Holiday Inn in the affluent creative hub of Kuala Lumpur – Bangsar, Kuala Lumpur. Holiday Inn Kuala Lumpur Bangsar will be the fourth IHG property in the Malaysian capital. Slated to open in 2023, the hotel will feature 220 rooms and six meeting rooms, the largest of which will hold approximately 400 people. The hotels plans to incorporate the Holiday Inn Open Lobby concept, which will combine public facilities within a single, open cohesive space, creating flexibility for g...
Hotel Revenue Leaders to Convene at HSMAI’s ROC Americas in Minneapolis
HSMAI | April 25, 2019
ROC Americas is the world's largest gathering of travel industry revenue professionals (McLean, VA, April 25, 2019) The Hospitality Sales and Marketing Association International (HSMAI) is convening hotel revenue professionals for two days of education, collaboration, and innovation at its ROC Americas in Minneapolis, Minnesota. ROC 2019 will be held June 18–19 and is co-located with HITEC 2019. The event is the world's largest gathering of revenue professionals in the travel industry with more than 650 in attendance. With powerful educational and networking opportunities, ROC is the must-attend conference of 2019 for learning...
17th Annual Southern Lodging Summit Conference Scheduled for August 27th & 28th in Memphis, Tenn.
| April 25, 2019
MEMPHIS, Tenn., April 25, 2019—Officials of the Southern Lodging Summit (SLS), an annual hotel conference focusing on development and operations throughout the southern United States, today announced it will host its annual conference August 27-28, 2019, in Memphis, Tenn. Confirmed Speakers include Mitch Patel, president & CEO, Vision Hospitality Group; Rick Pastorino, president, REVPAR International; Jane Cooper, president & COO, Herschend Family Entertainment; Mary Beth Cutshall, senior vice president/chief development officer, Hospitality Ventures Management Group; and Dianna Vaughan, global head, all suites brands, Hilton. Thoug...
IDeaS Announces 2019 Cornell Revenue Management Scholarship Recipients
IDeaS | April 25, 2019
IDeaS works to help advance the careers of six next-generation hotel revenue leaders through its ongoing scholarship program Tweet This: @IDeaS_RevOpt awards six hospitality professionals with prestigious revenue management scholarships in partnership with Cornell University www.ideas.com/news #RevenueScience #TheFutureofRM MINNEAPOLIS—April 25, 2019—IDeaS Revenue Solutions today announced the 2019 IDeaS Cornell Management Scholarship recipients. As the leading provider of revenue management software and advisory services, IDeaS works in partnership with the Cornell University School of Hotel Administration within the Corne...
St. Kitts Marriott Resort & The Royal Beach Casino Installs Aptech PVNG Enterprise Financial Accounting
Aptech Computer Systems, Inc. | April 24, 2019
Aptech Recognized as The Industry Standard for Hospitality Financial Systems PITTSBURGH, April 24, 2019 – Aptech Computer Systems announced St. Kitts Marriott Resort & The Royal Beach Casino installed PVNG Enterprise Financial Accounting system to simplify back office processes and provide comprehensive reporting. The St. Kitts Marriott Resort & The Royal Beach Casino is a 389-room luxury destination on Frigate Bay featuring nine dining outlets, the Emerald Mist Spa, and many other amenities. Aptech Computer Systems is the leading provider of business intelligence, budgeting and forecasting, and enterprise hotel accounting softw...
Owned and Managed by High Hotels, Residence Inn by Marriott Set to Open in Lancaster, Pennsylvania
Residence Inn by Marriott | April 23, 2019
Lancaster, PA – April 23, 2019 – The 127-suite Residence Inn by Marriott in Lancaster, Pennsylvania is scheduled to open on Friday, April 26, 2019 with its upscale, stylish décor that offers flexibility, and alternatives that allow guests to heighten their travel experience. Located at 1450 Harrisburg Pike, the all-suite Residence Inn Lancaster will operate as a Marriott franchise, owned and managed by High Hotels Ltd. of Lancaster, PA. Situated in The Crossings at Conestoga Creek – featuring shopping, dining and entertainment options, the Residence Inn Lancaster offers its guests convenient access to downtown L...
IHG Signs Agreement With Bin Faqeeh Real Estate Investment Company for Staybridge Suites Manama Al Seef
April 22, 2019
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has announced the signing of Staybridge Suites Manama Al Seef, marking the debut of the brand in the Kingdom of Bahrain. Expected to open in January 2020, the 128-room extended stay hotel will operate under a management agreement with major developer, Bin Faqeeh Real Estate Investment Company S.P.C. The signing was held with the attendance of H.E. Sheikh Khaled bin Humood Al Khalifa, CEO of Bahrain Tourism and Exhibitions Authority (BTEA) in the headquarters of the Bin Faqeeh Real Estate Investment Company S.P.C. Located in the heart of the capital, St...
Hospitality Financial Leadership: Negative Flow Thru
David Lund | April 22, 2019
By David Lund One of the most read articles I have written is on the topic of flow thru and how to use it in your financial statements. Understanding flow thru is not something that comes easily to most people immediately, but once you look at it and do the calculation it usually clicks. Once it drops in place you have got it for good. To take things one step further in this piece I am going to discuss negative flow thru. Negative flow thru or retention is something that most people in North America have not had to deal with very much in the past decade. We have just crossed over a massive stretch of growth in our industry that was mark...
Choice Hotels Signs Franchise Agreements With Organizations Led By African-American Women to Develop Six Hotels Across US and Caribbean
Choice Hotels | April 18, 2019
ROCKVILLE, Md., April 18, 2019 -- Businesses owned by women of color grew three times faster than other women-owned businesses in the United States last year, yet it is estimated by the National Association of Black Hotel Owners, Operators and Developers (NABHOOD) that less than one percent of hotels are owned by African-American women. Choice Hotels International, Inc.'s (NYSE: CHH) one-of-a-kind emerging markets franchise development team is helping to bridge this gap and extend the opportunity of hotel ownership to underrepresented populations—most recently by awarding six franchise agreements to organizations led by Africa...
