Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Hospitality Financial Leadership: Why Prioritizing Employee Development Has the Best ROI for Owners Too
David Lund | March 27, 2023
Finance
Hotel Lawyer at the ALIS Hotel Conference in Los Angeles — a Turnaround in Hotel Investor Sentiment? Was That Just a Raindrop or Is the Sky Falling?
Jim Butler | January 28, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 28 January 2016 Hotel Lawyers with first signs of a sea change in investor sentiment about the hotel sector As our team of hotel lawyers returns from the Americas Lodging Investment Summit (or ALIS) in Los Angeles, we all noticed a big change. This is the first industry conference since the beginning of the recovery from the Great Recession where we have seen a clear turnaround in hotel investor sentiment that seems to be gaining traction. Unfortunately it is a negative turnaround. Until now, the discussions have always been about how lon...
Aptech Computer Systems Adds Office Space and Staff to Serve New Clients
Aptech Computer Systems, Inc. | January 28, 2016
Targetvue Budgeting and Execuvue BI Implementation Expands to Hundreds of New Properties Pittsburgh, PA – January 28, 2016 – Aptech Computer Systems announced that it added new office space and increased staff to support the growing number of hotel companies that implemented its Targetvue Budgeting and Forecasting, Execuvue® Business Intelligence, and Profitvue® and PVNG Enterprise Accounting systems. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. "The economic recovery has been be...
The European Rate Conundrum: To Be (in Parity) or Not to Be?
Jean Francois Mourier | January 26, 2016
By Jean Francois Mourier First, I'd like to start this article by saying "Felicitations!" and "Gratuliere!" to hoteliers in France and Germany. It is an exciting time to be a European hotelier because the laws relating to rate parity are being amended as we speak/write. In July 2015, the French National Assembly completed the process to ban rate parity clauses in contracts between online travel agencies (OTAs) and hotels. Germany's courts have decreed that OTAs cannot have a "best price" clause in their contracts with German hotels – and that all OTA contracts must be amended by January 31, 2016. As many European properties obtain...
Positive Operating Leverage Results in Another Year of Hotel Value Gains; Cap Rates Start to Rise
Suzanne Mellen | January 25, 2016
By Suzanne Mellen Five years of steady cap rates and rising NOI have resulted in significant U.S. hotel asset appreciation. The current economic landscape is likely to cause hotel cap rates to rise in 2016, moderating future value gains. Click to view document. ...
Hotel AG Adds Two New Offices in Washington, DC and Philadelphia
Hotel AG | January 25, 2016
ATLANTA – January 25, 2015 – Hotel AG announced today the firm has added two new offices in Washington, DC and Philadelphia. Andy Broad and Brad Sinclair, as co-presidents of the firm, have hired two very seasoned real estate professionals to lead the two new offices. The official launch date is several weeks away and plans are being made to implement and ramp up the two new Hotel AG offices. Both professionals have joined the firm at the partner level, thereby increasing Hotel AG to 18 national brokers and 23 partners. Hotel AG starts 2016 with the most aggressive pipeline since the firm started in 2007. The firm has 194 ho...
Carl Weldon Steps Down as CEO of HOSPA to Join Hospitality Financial and Technology Professionals (HFTP) as its COO of Europe
HFTP | January 22, 2016
AUSTIN, TX USA (January 22, 2016) — Hospitality Financial and Technology Professionals (HFTP) announced that beginning in March 2016, Carl Weldon will join HFTP as its Chief Operations Officer (COO) – Europe. Weldon is currently the Chief Executive of the Hospitality Professionals Association (HOSPA) and is also principal of his own consultancy business CW Hospitality. "HFTP is growing exponentially throughout the globe because the industry continues to request it," said HFTP CEO Frank Wolfe, CAE. "Because of our growth and our partnerships with groups like HOSPA, HSMAI – Europe, and others, we needed an expert on the ...
Duetto to Provide Revenue Strategy Solutions for NH Hotel Group
Duetto | January 19, 2016
Duetto Brings Open Pricing to One of the World's Largest Hotel Companies, Adding Close to 400 Hotels Worldwide London and Madrid, January 19, 2016 – Duetto, the market leader in hotel profit optimization technology, announced today that it will implement its revenue strategy solutions for NH Hotel Group, bringing new insights on pricing and demand to close to 400 NH hotels encompassing approximately 60,000 rooms in Europe, the Americas and Africa. NH Hotel Group is one of the world's top 25 hotel chains, and is known for superior locations, facilities, guest service and guest technology. "We are very happy to announce this agreeme...
Pebblebrook Hotel Trust Reveals Nominees for its 4th Annual Pebby Awards
Pebblebrook Hotel Trust | January 18, 2016
HOLLYWOOD, Calif.-January 18, 2016-Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced the nominations for its Fourth Annual Pebby Awards. The Pebby Award nominees were chosen for their outstanding accomplishments in 2015, as determined by the Company. The Westin Colonnade, Coral Gables received three Pebby nominations, while Sofitel Philadelphia received four Pebby nominations, including Best Picture, positioning these two hotels as leading contenders for the Company's top hotel honors. "It has been another extremely competitive nomination process for 2015," noted Jon Bortz, Chairman, President and Chief Executive Offic...
Viceroy Hotel Group Set to Open Hotel Zeppelin San Francisco, Formerly The Prescott Hotel
Hotel Zeppelin | January 13, 2016
SAN FRANCISCO, Jan. 13, 2016 -- Viceroy Hotel Group announces the launch of Hotel Zeppelin San Francisco, a progressive hideaway that reflects the heart and soul of the City by the Bay. Set in an historic building, two blocks from Union Square, Hotel Zeppelin rebelliously celebrates San Francisco's tradition of counter culture with a mischievous approach to design. An unorthodox regeneration is underway, with Hotel Zeppelin's opening scheduled for Spring 2016. Acquired as the former Prescott Hotel in early 2015 by Pebblebrook Hotel Trust (NYSE: PEB), the property is managed by Viceroy Hotel Group, now their second San Francisco ...
nSight Scores New San Francisco Hotel Clients by Helping Win Guests from the OTAs
nSight | January 13, 2016
A dozen hoteliers turn predictive consumer data into game-changing revenue strategy NASHVILLE, TN (January 13, 2016) nSight, the leader in online consumer shopping intelligence for hotels and destinations, has added twelve new hotel clients from the San Francisco/Napa Valley region. A combination of branded and independent properties, these hoteliers are focused on winning back guest relationships from the OTAs by using forward-looking shopping data to make smarter digital marketing and revenue management decisions in one of today's hottest global leisure markets. Transient consumer demand for hotel stays in San Francisco over the next ...
Not Just Heads in Beds – Cybersecurity for Hotel Owners
Jim Butler | January 12, 2016
By Jim Butler and the Global Hospitality Group® | Authors of www.HotelLawBlog.com January 2016 What part do hotel owners play in preventing a cyberattack and the resulting data breach? The hospitality industry relies on its reputation for confidence, and that confidence can be shattered when guests learn that their private information has been compromised. What can hotel owners do and how should they work with brands and management to prevent a cyberattack? In the article below, my partner, Bob Braun reminds hotel owners that because they are generally required to indemnify brands and managers for costs the managers and brands incur...
IDeaS Revenue Management Curriculum Now Free to Academic Institutions
IDeaS | January 12, 2016
IDeaS continues commitment to preparing the revenue management leaders of tomorrow MINNEAPOLIS – January 12, 2016 – IDeaS Revenue Solutions, the leading provider of revenue management software solutions and advisory services, today announced a free online program for all academic institutions that uses learning materials and demo systems to help teach revenue management in the classroom. "IDeaS is committed to preparing the next generation of revenue management professionals and helping educators in doing so," said Linda Hatfield, vice president of knowledge management for IDeaS. "It's critical that students of the hospitali...
Paramount Lodging Advisors Brings In The New Year With Radisson Indianapolis Airport Sale
Paramount Lodging Advisors | January 11, 2016
INDIANAPOLIS, IN—Paramount Lodging Advisors ("PLA") is pleased to announce the sale of the Radisson Hotel Indianapolis Airport. Brent Clemens and Bennett Webster, Managing Directors acted as agents for PLA who exclusively represented the seller on the 257-room, full service airport hotel and conference center. PLA's Chairman Daniel Beider noted, "We are excited to have achieved all parties' objectives on a transaction with multiple layers of complexity, comprised of a lender-owned leasehold hotel business with a municipal corporation as the Lessor." "The deal marks Paramount's fourth brokerage hotel transaction in the Indiana...
2016 Revenue Management Resolutions for Independent Hotels
Jean Francois Mourier | January 7, 2016
By Jean Francois Mourier As someone who has been working in the hotel industry for more than 13 years, I still find it shocking to discuss independent properties' pricing strategies with revenue managers. I am always amazed at how many of the properties are still using the OTAs as their main source of revenue and completely ignoring the direct channel. Phocuswright and h2c's Independent Lodging Market: Marketing, Distribution and Technology Strategies for Non-Branded Properties, shows that in 2015 "OTAs will represent 58% of US independent properties' online volume this year, compared to a 48% share for chains[1]". European independent ...
HFTP Certifications Recognized as Gold Standard for Hospitality Technology Professionals
HFTP | January 6, 2016
Rosewood Hotel Group to require HFTP certification for information technology staff AUSTIN, TEXAS (January 6, 2016) — Hospitality Financial and Technology Professionals' (HFTP®) Certified Hospitality Technology Professional (CHTP) certification program has been named a requirement for the information technology staff of the prominent Rosewood Hotel Group. Current IT professionals employed at Rosewood Hotel Group are diligently working to obtain their CHTP designation. Rosewood Hotel Group is the first group certification HFTP has coordinated, and has been a success from the get-go. "Since its inception the CHTP designation has...
2015 IDeaS Cornell Revenue Management Scholarship Winners Announced
IDeaS | January 5, 2016
Eight Professionals Chosen for Certificates in Strategic Leadership and Revenue Management MINNEAPOLIS – January 5, 2016 – IDeaS Revenue Solutions, a leading provider of revenue management software solutions and advisory services, today announced the 2015 IDeaS Cornell Revenue Management Scholarship winners. Currently in its seventh year and offered in conjunction with The Cornell University School of Hotel Administration, the scholarship is designed to help increase professional development opportunities in the field of revenue management. "IDeaS is pleased to recognize these scholarship recipients of hospitality profession...
Update on Phased Renovation of Carillon Miami Beach & Other Hotel Construction Projects
Construct-A-Lead | January 5, 2016
Hotel-Online and Construct-A-Lead reported today that there have been 259 new hotel construction leads added to the Construct-A-Lead hotel project database during December, 2015. Interested parties are invited to visit construct-a-lead.com and enter promo code hotelonline for a reduced rate available only to Hotel Online subscribers following a free trial that provides you up to five reports to view over three days. Businesses will have ample opportunities to provide construction bids and other services relative to these projects. Users are encouraged to view and track projects, examples of which are listed below. Reference the Project ...
Tides Hotel at Folly Beach Turns Guests Into an Army of Marketers with Flip.to
Flip.to | January 4, 2016
Hotel reaches over 400,000 future travelers with the advocacy platform, while building strong brand affinity ORLANDO, FL — January 04, 2016 — Tides Hotel, an oceanfront property in the bohemian town of Folly Beach, SC, with the helps of their guests, have engaged a new audience of travelers—and the best demographic for their property—with Flip.to, the advocacy platform for hotels. Advocacy has grown to be an impactful part of the hotel's marketing and revenue strategy, whose vibrant and stylish setting offers a beachside getaway that their guests are excited to share. "Our guests have become a small army of marke...
EB-5 Immigrant Visa Program Extension Signed Into Law — Without Any Changes
Jim Butler | December 22, 2015
EB-5 financing continues for new development projects. By Jim Butler and the Global Hospitality Group® December 2015 Hotel lawyer with great news for developers: the EB-5 immigrant visa financing program has been renewed — approved by Congress and signed by the President. It is being continued without change through September 30, 2016. A funny thing happened on the way to the 2016 Federal budget approval last week. One of the "riders" to the omnibus appropriations bill was the EB-5 legislation sponsored by Senators Leahy and Grassley. For months preceding the scheduled Congressional action, many stakeholders in the EB-5 indust...
Duetto to Provide Revenue Strategy Solutions for Classic Hotels & Resorts
Duetto | December 21, 2015
Duetto Brings Game-Changing Open Pricing and Price Optimization Capabilities to Nearly 1,000 Rooms at Five Classic Luxury Resort Hotels New York, December 21, 2015 – Duetto, the market leader in hotel profit optimization technology, announced today that it will implement its revenue strategy solutions for Classic Hotels & Resorts, bringing new insights on pricing and demand to the luxury hotel collection, which has exclusive resort hotels in Arizona and California. Duetto will launch its services at hotels in five timeless destinations encompassing nearly 1,000 rooms, beginning with the 744-room Arizona Grand Resort & Spa...
Atlanta Leads All U.S. Markets in Transaction Volume
Lodging Econometrics | December 17, 2015
Dec. 17, 2015 - PORTSMOUTH, NH - Lodging Econometrics (LE) reports that Atlanta has had the most hotel sales of any U.S. market over the last three years. Atlanta logged 42 sales in 2013 with a reported selling price, 30 sales in 2014 and 25 sales through the third quarter of 2015. These 25 sales had an Average Selling Price Per Room (ASPR) of $74,446 and because Atlanta has a larger preponderance of mid-market hotels in its census mix, compared to many northern tier markets, it normally has a lower average selling price per room than the national average, said LE. ...
U.S. Hotel Construction Pipeline Posts Nine Straight Quarters of YOY Growth
Lodging Econometrics | December 11, 2015
Dec. 11, 2015 - PORTSMOUTH, NH - Lodging Econometrics reports that the U.S. Hotel Construction Pipeline has posted nine straight quarters of Year-Over-Year (YOY) growth and recorded increases of at least 10% YOY for the last five quarters. The Construction Pipeline is now at 4,055 Projects/503,935 Rooms, up 15% YOY by projects and 14% by rooms compared to a year ago. ...
Westgate Resorts Breaks Marketing and Revenue Management Rules with nSight Predictive Analytics
nSight | December 10, 2015
nSight empowers world-class developer to improve revenue management practices and leverage consumer demand for future arrival dates NASHVILLE, TN (December 10, 2015) nSight, the leader in online consumer shopping intelligence for hotels and destinations, today announced the addition of the full Westgate Resort portfolio to their already impressive client roster. Westgate Resorts, one of the largest resort developers in the world and an innovator in revenue management, has selected nSight to drive market share and improve overall RevPAR for its resorts in Florida, Tennessee, South Carolina, Missouri, Utah, Nevada, and Arizona. "Maximizin...
Outlook 2016: New Rules for Developers Raising Inexpensive Capital with EB-5 Financing for Hotels
Jim Butler | December 9, 2015
By Jim Butler and the Global Hospitality Group® December 2015 Hotel Lawyer preview of the new EB-5 financing rules. Although minor tweaks and adjustments continue to be made to legislation in the final hours before Congress votes, it looks like we have a pretty good idea of what the new rules will be for EB-5 financing. Top takeaways for developers are: The EB-5 regional center program will be extended for 5 years Developers will be able to raise 60% more EB-5 capital on the same number of jobs Minimum investment will be raised to $800,000 (not expected to deter investors) TEAs will be forced into a "modified California model" ...
