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 Plans World’s Tallest Modular Hotel Set to Rise in New York City This Fall
Marriott International, Inc. | April 18, 2019
The world's tallest modular hotel – which will carry a brand of Marriott International (NASDAQ:MAR) – is on track to be stacked in late fall in New York City with prefabricated and pre-furnished guestrooms. Once erected over a 90-day period, the 360-foot-tall tower will represent a milestone for Marriott's ongoing initiative to encourage hotel developers in North America to embrace modular for new construction projects. To be topped with a modular roof and modular rooftop bar, the world's tallest modular hotel is expected to open in late 2020 as the AC Hotel New York NoMad. "In North America, the construction process hasn't ...
Columbia Sussex Completes MultiMillion Renovation of Dallas Marriott Las Colinas
Columbia Sussex | April 18, 2019
CRESTVIEW, KY (April 18, 2019) – – Columbia Sussex, one of the largest Marriott franchisees in the country, continues its aggressive renovation program to at least nine of its Marriott owned and operated properties, and has completed a multi-million dollar renovation of its popular Dallas Marriott Las Colinas. Noted for its proximity to the area's convention center, but also its location across the street from the new Live Nation Toyota Music Factory and dining and shopping in the Metroplex, the hotel has hosted entertainers such as Chris Isaak and Steely Dan, acclaimed actresses such as Geena Davis and Carrie Fisher, and mo...
Fortuna Realty Group Plans Spring Opening of Hotel Hendricks in the Heart of Manhattan
Fortuna Realty | April 18, 2019
New York, NY (April 18, 2019) – Soaring twenty-seven stories over Fifth Avenue, Hotel Hendricks is the stylish new addition to Fortuna Realty Group's collection of Manhattan hotels. The property and its 176 guestrooms are located just steps away from the Fashion District and Bryant Park. With interiors by LA-based interior designer Marcello Pozzi, the hotel and its 176 guestrooms boast unparalleled views of the Empire State Building and the cityscape. With two rooftop bars and a Latin-infused restaurant, Hotel Hendricks is set to be the new Midtown hotspot for locals and travelers alike. "We are thrilled to introduce Hotel Hendric...
Premier Palace Hotel Treats Guests Like Diamonds
PHNR | April 18, 2019
Kyiv, Ukraine is a city in between. In between old and new. In between modern and classic. In between past and present. I recently returned from a balmy mid- April trip to attend CISOLAR 2019, 8th SOLAR ENERGY Conference and Trade Show of CE. Since it wasn't my first time visiting Kyiv, I decided to bring some friends. I wanted to impress them and show them the charm, elegance and European influence of Kyiv. And I think I did. We had the pleasure of staying at one of the most charming hotels in the city, the Premier Palace Hotel. The Premier Palace Hotel is part of The Kyiv Hotel Collection which boasts an impressive collection of upsca...
Can Artificial Intelligence Replace Human Intelligence in Hospitality Revenue Management?
Hotelogix | April 18, 2019
A lot has been said in the recent past about revenue managers and artificial intelligence and whether revenue managers in hospitality need to panic about being replaced by AI-driven tools, and so on. Can a revenue management tool ever actually replace the human intelligence that a hospitality revenue manager brings to the table? I feel we need to dig a little deeper and explore a few related concepts, which could help us get a better grasp of ideas like AI replacing humans in revenue management in the near future. It is, no doubt, a sensational debate, but we hope to discuss the finer details of why this debate is premature and how. The...
CBRE Arranges Sale of the Hyatt Place Emeryville/San Francisco Bay Area
CBRE | April 17, 2019
CBRE has announced the sale of the Hyatt Place Emeryville/San Francisco Bay Area, a 175-unit hotel located in Emeryville. Henry Bose and Mark McDermott of CBRE Hotels in San Francisco represented the seller in the transaction. Opened in 2016, the six-story hotel contains 175 units and enjoys a premier location in the vibrant Bay Street lifestyle center, surrounded by major corporate employers, such as Pixar, Novartis, Peet's Coffee corporate office and the Joint Bio Energy Institute. Hyatt Place offers visitors access to a fitness center, a patio with fire pits, a business center and a total of 150 parking spaces, along with sweeping vi...
IHG Signs Master Development Agreement With Valor Hospitality Partners Africa for Multiple Franchise Hotels
April 17, 2019
InterContinental Hotels Group (IHG®), one of the world's leading hotel companies, has signed a Master Development Agreement with Valor Hospitality Partners Africa to roll out multiple franchise hotels over the next 10 years, across IHG's portfolio of brands in midscale, upscale and luxury segments. The agreement will see IHG expand its presence in Sub-Saharan Africa, including key countries such as South Africa, Botswana, Mozambique, Mauritius, Ethiopia, Zambia and Kenya. The development adds to IHG's growing pipeline in the Middle East and Africa and cements its position as one of the leading operators in the region. Valor Hospital...
Hard Rock International and Convention Hotels India Private Limited Bringing Hard Rock Hotel Bangalore to India
Hard Rock International | April 17, 2019
HOLLYWOOD, Fla. – April 17, 2019 – With a portfolio spanning across 75 countries, including 27 unique hotel properties with 37 projects in different phases of development, Hard Rock International continues intensifying its international presence with the announcement of Hard Rock Hotel Bangalore, slated to open in Fall 2020. Joining Hard Rock Hotel Goa, the second Hard Rock Hotel in India will be located in the bustling city of Bangalore, known as the Silicon Valley of India. "The city of Bangalore is full of culture and beauty and is the perfect location for our second property in India," said Todd Hricko, senior vice presi...
Avison Young Announces Portfolio Sale in San Francisco
Avison Young | April 17, 2019
ATLANTA – April 17, 2019 – Avison Young Hospitality Group announced the firm closed a four-property hotel portfolio in downtown San Francisco. The portfolio contained 418 rooms and consisted of the following properties; Hotel Vertigo, Good Hotel, Americania Hotel and the Carriage Inn. The transaction closed on Monday April 8th. Avison Young represented Haiyi Hotels as the seller and the buyer was Oxford Capital Group LLC. This transaction represents the 6th closing Avison Young has completed in San Francisco within the last two months and the firm's 15th closing for 2019. Chris Stark, a Principal with the Avison Young Hospit...
FAUCHON Hospitality Expands Boutique Hotel Collection With 2020 Opening of Second Property in Kyoto, Japan
FAUCHON Hospitality | April 16, 2019
PARIS, FRANCE (April 16, 2019) -- FAUCHON Hospitality, which debuted its first hotel in Paris in September of 2018, will open a second property in Kyoto, Japan, it was announced today by Jacques-Olivier Chauvin, President and CEO. FAUCHON has been a well-known brand in Japan for the past 47 years, and currently manages 28 shops, 2 cafes, and 2 bakeries with cafes throughout the country. The five-star FAUCHON Hotel Kyoto will open in 2020 in the center of Kyoto, in the Shimogyo-ku district, approximately 10 minutes from the most interesting districts (Gion, Higashiyama and Kawaramachi-Shijo). The hotel will feature 70 guest rooms and sui...
Rainmaker Enters Q2 With High-Growth Momentum and Exciting New Advances
Rainmaker | April 16, 2019
Alpharetta, GA – April 16, 2019 - The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization solutions reports continued growth coming out of Q1, a steady pipeline and new advances to their revenue and profit optimization suite of solutions. "We're excited to kick off 2019 with a strong sales quarter," says Mike Cowles, CEO at Rainmaker. "We've added a lot of great names to our growing customer list, continued to make strides in expanding our global footprint, and are making great product enhancements to help our growing all-inclusive customer base." Rainmaker had a very successf...
Hilton Expands Presence in Colombia With Debut of Hilton Bogota Corferias in Bogota
Hilton Hotels & Resorts | April 16, 2019
BOGOTA, Colombia & MCLEAN, Va.--Hilton (NYSE: HLT) today officially announces the opening of Hilton Bogota Corferias, representing Hilton's 20th property in the country. As the first full service hotel in the city's fair and convention district, the 410-room property features more than 13,000 sq. ft. of flexible meeting and event space, including the largest terrace in the area that offers both indoor/outdoor space and spectacular mountain views. "Colombia's tourism industry continues to set records with a nine percent growth in visitor arrivals last year, maintaining a positive year over year momentum," said Jorge Giannattasio, sen...
Hunter Valley’s Most Prestigious Estate Reopens as voco Kirkton Park Hunter Valley in Australia
IHG | April 16, 2019
voco™ Kirkton Park Hunter Valley has today opened its doors as Australia's second voco™ hotel following the completion of a refresh and rebrand to IHG's newest upscale brand, voco. Renowned as one of the Hunter Valley's most prestigious estates, the 70-room property now embodies the bold characteristics of voco, with exclusive features from its bright yellow accents to onsite beehives and distinctive hallmarks, setting it apart for a memorable stay. Already a much-loved destination for locals and visitors alike, Kirkton Park estate reigns on 70 acres of rolling countryside and scenic mountain views, and just minutes away fro...
Nobu Hospitality to Launch in London West End With 2020 Opening of Nobu Hotel London Portman Square
Nobu Hotels | April 15, 2019
NEW YORK, April 15, 2019 -- Nobu Hospitality, the globally established lifestyle brand founded by Nobu Matsuhisa, Robert De Niro and Meir Teper, is delighted to announce the launch of its London West End hotel. Expected to open in spring 2020, Nobu Hotel is set in Portman Square W1, steps from Mayfair's vibrant restaurants and independent boutiques and on the edge of Soho's world-famous theatres in the heart of London's West End. The 239-guest rooms and suites, together with a Nobu restaurant, ballroom and meeting facilities are being conceptualized by London-based architecture and interior design firm, David Collins Studio,...
Hamilton Hotel Investors and Centerbridge Partners Complete Acquisition of Belgian Nine-Hotel Portfolio From WNE
Hamilton Hotel Partners and Hamilton Hotel Investors | April 15, 2019
LONDON, April 15, 2019 - Hamilton Hotel Investors and Centerbridge Partners have completed the acquisition of a portfolio of nine hotels located in Belgium and France from WNE Investor S.À R.L. The hotels comprise 1,120 keys in total and are located in some of Belgium's key commercial and tourism destinations (Antwerp, Hasselt, Ghent and Liege) and Calais in France. Five of the nine hotels operate under the Holiday Inn and Holiday Inn Express brands, and Hamilton Hotel Partners will assume management of the portfolio going forward. "We are excited to acquire the Brabo hotels and to work in close partnership with the team at Hamil...
Hospitality Financial Leadership: Nobody Gets to Be Wrong, Everyone is Wrong, No One Gets to Be Right, Everyone is Right
David Lund | April 15, 2019
By David Lund I use this quote to start many of my workshops. To me it's the way I want the participants to stand in their individual power during our time together. It's also how I see our industry. In the hotel business we all need to have an opinion and even more important we need to be able to share those thoughts. Reason being is, we all have something important to bring to the table. That's what I tell my workshop participants. To illustrate this, I often ask the following question. "What would you rather have to increase your GOP in your 300-room hotel that is currently operating at 75% occupancy with a $150 average rate, a $4 ro...
Hilton Expands Presence in Colombia With Debut of New Hotel in Bogotá
Hilton Hotels & Resorts | April 11, 2019
BOGOTÁ, Colombia and MCLEAN, Va - Hilton (NYSE: HLT) today officially announces the opening of Hilton Bogota Corferias, representing Hilton's 20th property in the country. As the first full-service hotel in the city's Fair & Convention District, the 410-room property features more than 13,000 square feet of flexible meetings and events space, including the largest terrace in the area that offers both indoor/outdoor space and spectacular mountain views. "Colombia's tourism industry continues to set records with a nine percent growth in visitor arrivals last year, maintaining a positive year over year momentum," said Jorge Gian...
Avison Young Closes 260 Million YTD 2019
Avison Young | April 11, 2019
ATLANTA – April 11, 2019 – Avison Young Hospitality Group announced today the firm closed on its 15th hotel transaction of the year with year to date sales totaling 260 million. Since 2013, the Avison Young Hospitality Group has closed 106 Marriott branded hotels, 72 Hilton branded assets, 49 IHG branded assets and 158 historic, upscale boutique, resort and other branded hotels. ...
PDSI Completes $75M Restoration Project of Puerto Rico’s El San Juan Hotel, Curio Collection by Hilton
PDSI Inc. | April 10, 2019
ATLANTA, April 10, 2019 -- PDSI, a premier hotel development consultancy, is thrilled to announce the completion of the restoration of the El San Juan Hotel, Curio Collection by Hilton, after extreme damage from Hurricane Maria in 2017. The El San Juan is not only the most beautiful hotel on the island of Puerto Rico, it now stands as the epitome of luxury throughout the entire region. The resort is comprised of 388 guestrooms, suites, and oceanfront villas, as well as 40,000 sq. ft. of flexible meeting space, including an 11,000 sq. ft. grand ballroom. PDSI previously managed a $65M renovation of the El San Juan Hotel that completed 2 ...
IHG® Signs Two Holiday Inn Hotels in Saudi Arabia
April 10, 2019
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has signed two franchise agreements including Holiday Inn® Madinah King Abdulaziz Road with Loulouat Al Madinah Hospitality and Holiday Inn Jeddah Al Hamra with Al Hokair Group. The agreements were signed and announced at Arabian Hotel Investment Conference (AHIC) 2019 in Ras Al Khaimah. The signings consolidate IHG's strategy to expand its footprint across the kingdom, with its midscale offerings. Holiday Inn Jeddah Al Hamra will feature 253 rooms and a host of facilities for business and leisure travellers including three food and beverage outlet...
IHG Signs With SRG Holding for Staybridge Suites® Dubai Financial Centre and Staybridge Suites Dubai Internet City
April 9, 2019
IHG® (InterContinental Hotels Group), one of the world's leading hotel companies, has signed franchise agreements for two hotels, Staybridge Suites® Dubai Financial Centre and Staybridge Suites Dubai Internet City, with the Dubai-based real estate development firm, SRG Holding. The agreements will see the conversion of two SRG-owned developments to IHG's extended-stay brand Staybridge Suites. The two franchised assets will be operated by SRG Hospitality, the group's hotel management arm with opening dates set for January 2020. The hotels are strategically located along Sheikh Zayed Road, Dubai's main commercial artery with conve...
Rollins College Plans Expansion for The Alfond Inn at Rollins in Winter Park, Florida
Alfond Inn at Rollins | April 9, 2019
April 9, 2019. Winter Park, Florida – The Alfond Inn at Rollins, the award-winning boutique hotel in the heart of historic Winter Park, has announced plans to expand the property. Construction is expected to commence in late summer with a completion date anticipated for the first quarter of 2021. The new development of the hotel, which is owned by nearby Rollins College, will include 73 additional guest rooms, bringing the total to 185 rooms. The new guest accommodations will offer spacious luxury rooms and several large suites that can be used for meetings and hospitality or converted into grand two-bedroom suites. "This is an ex...
Perception Is Reality: Pricing Psychology for Hotel Revenue Managers
the Author | April 9, 2019
By Dan Skodol, Vice President of Revenue Analytics, The Rainmaker Group "All our knowledge has its origin in our perceptions." ~ Leonardo da Vinci Is a pair of $50,000 Sennheiser Orpheus headphones really fifty times better than a pair that costs $1,000? Expensive items and experiences are often branded as high quality, exclusive, or bespoke. But are they really better than their less-expensive counterparts? And what truly motivates people to pay more for something? In the hectic daily life of a hotel revenue strategist, coming up with optimal pricing presents the greatest challenge – a challenge that's typically handled through r...
Mandarin Oriental Partners With Astaș Holding A.Ş, and Yapi & Yapi for New Hotel in Istanbul
Asta? Holding A.?, and Yapi & Yapi | April 8, 2019
Hong Kong, 8 April 2019 - Mandarin Oriental Hotel Group has announced that it will manage a second luxury hotel in Istanbul, Turkey. The project, which also features branded residences, is scheduled to open in 2022. The new development comprises three standalone towers and is located in the exclusive Etiler residential area, close to the city's central business district. One of the towers will house Mandarin Oriental Etiler, Istanbul with 158 guestrooms and suites and 16 serviced apartments. The remaining two towers will house 251 luxurious Residences at Mandarin Oriental. UNStudio from Amsterdam has been appointed as the master planner...
