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
European Hotel Deals Up 85% on 2014 Says JLL
JLL's Hotels & Hospitality Group | July 20, 2015
20 July, 2015 EMEA H1 2015 volumes up 85% on 2014 UK up 172% on 2014 Private equity funds targeting Europe, particularly UK regional hotels Chinese investment has reached $1.9bn already this year Greek crisis will not put off investors Half year volumes from JLL's Hotel & Hospitality team indicate that 2015 is set to be a bumper year for hotel deals in Europe, Middle East and Africa (EMEA). EMEA half-year transaction volumes are up 85% on the same period in 2014 to €13.2bn transacted. This rise is primarily driven by the UK which is pulling away as the stand-out regional leader accounting for nearly 50% of all hotel deals i...
Atlantis Casino Resort Spa Enlists The Rainmaker Group to Optimize Profits in Reno
Rainmaker | July 20, 2015
ATLANTA, GA - July 20, 2015 - Reno, Nevada's marquee Atlantis Casino Resort Spa - recently named the top casino outside Las Vegas by USA Today and the number one hotel in Reno per TripAdvisor.com - has called upon The Rainmaker Group for profit optimization solutions to grow its business. The AAA Four Diamond hotel, spa and gaming retreat is nestled at the base of the Sierra Nevada mountain range and enjoys exclusive Sky Bridge access to the Reno-Sparks Convention Center, complementing its own conference facilities, recently upgraded with a $100 million investment. Rainmaker is the market leader in profit optimization solutions servicin...
Hotels Should Copy These Airline Revenue Management Techniques
Doug Kennedy | July 14, 2015
By Doug Kennedy July 14, 2015 Although hotels have practiced some of the most fundamental basics of revenue management throughout the ages, such as adjusting rates according to seasonal demand patterns and planned special events, it is generally accepted that the modern era of RM began when hotels started copying the airlines yield management techniques they developed after airline deregulation. Although the lodging industry has since evolved its RM practices, there are still some opportunities for the industry to learn from our sisters in the travel industry. Offer Partial Credit For Cancelled Advance Deposit Or Pre-Purchase Rates. Mo...
Duetto Announces Full Integration with WebHotelier’s CRS Technology
Duetto | July 13, 2015
San Francisco, July 13, 2015 -- Duetto, the market leader in hotel profit optimization technology, announced that its revenue strategy solutions have been fully integrated with WebHotelier's on-line booking engine and marketing platform, making Duetto's powerful new insights on pricing and demand available to more than 3,000 hotels in 45 countries. "We are happy to announce this partnership to make Duetto's solutions available to our hotels worldwide," said Victor Matsas Founder and CEO of WebHotelier. "Duetto's unique ability to price customer segments, offers and discounts independently provides a unique edge, giving our hotel clients...
3 Great Examples of True Traveler Engagement
Alan E. Young | July 10, 2015
By Alan E. Young, President and Co-Founder of Puzzle Partner There are some companies that claim they are guest or traveler engagement companies. These companies have developed software platforms or apps to communicate more effectively with the traveler. Their technology enables travelers check in online, purchase upgrades, and supports text messaging capabilities to order amenities while on-property as well as to send post-stay surveys. However, is this really engagement or just enhanced communication? I think we have lost the essence of what true engagement should be. I fully understand that different travelers require a different lev...
IDeaS Listed as Champion in Leading Industry Study
IDeaS | July 9, 2015
Info-Tech Research Group's Vendor Landscape Report recognizes IDeaS for strong innovation and analytical capabilities MINNEAPOLIS – July 09, 2015 – IDeaS Revenue Solutions, the leading provider of revenue management software solutions and advisory services, today announced it has been listed as a "Champion" in Info-Tech Research Group's Revenue Management Systems Vendor Landscape. Info-Tech Research Group Vendor Landscape reports recognize outstanding vendors in the technology marketplace. Assessing vendors by the strength of their offering and their strategy for the enterprise, Info-Tech Research Group Vendor Landscapes pay tribute...
Kempinski Hotel Mall of Emirates Partners with IDeaS, Deploys Advanced Analytics to Optimize Revenue
IDeaS | July 7, 2015
Leading UAE hotel utilizes IDeaS G3 Revenue Management System for better pricing power across room classes LONDON – July 7, 2015 – IDeaS Revenue Solutions, the leading provider of revenue management software solutions and advisory services, today announced Kempinski Hotel Mall of Emirates in Dubai has deployed its latest and most scientifically advanced automated revenue management system, IDeaS G3 RMS. With nearly 400 guest suites and 48,000 square meters of space, the hotel was seeking an advanced solution to powerfully price, forecast and optimise rooms across a variety of rates and classes. Combined with industry-leading SAS® A...
The Plasencia Group Advises on Sale of the DoubleTree Denver-Westminster Hotel
The Plasencia Group | July 2, 2015
Tampa, Fla. (July 2, 2015) - The Plasencia Group is pleased to announce the sale of the DoubleTree by Hilton Denver-Westminster hotel, located in Westminster, Colorado. The firm represented Burrus Investment Group, the owner of the 180-room hotel. Hotel Capital, LLC, an Indiana-based real estate investment firm, acquired the property. "Upon completion of planned improvements, the hotel in this dynamic Westminster-Denver market is expected to continue to outperform the market due to its superior product differentiation and amenities. These improvements will be completed at an ideal time as Colorado enjoys a record number of visitors," s...
The Plasencia Group Closes Sale of the Embassy Suites Chicago – Schaumburg/Woodfield Hotel
The Plasencia Group | July 2, 2015
Tampa, Fla. (July 2, 2015) - The Plasencia Group is pleased to announce the sale of the Embassy Suites Chicago - Schaumburg/Woodfield hotel, located in Schaumburg, Illinois. The firm represented Burrus Investment Group, the owner of the 209-suite hotel. Hotel Capital, LLC, an Indiana-based real estate investment firm, acquired the property. "Both the seller and buyer benefited from this outstanding transaction. Our client was able to further their corporate strategy of exiting non-strategic assets, and the purchaser was able to acquire the only full-service all-suites hotel in the Schaumburg market. The hotel has shown consistent profit...
2015 Hotel Investment and Finance Opportunities: Hospitality Market Activity and Interest Rates
Jim Butler | July 1, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com July 2015 Bill Sipple, Executive Managing Director of HVS Capital, speaks in the video about activity in different markets, limited service properties, and whether rising interest rates will have an effect on transactional activity. Bill sat down with Bob Braun, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015. Bob Braun: Hi, I'm Bob Braun. I am a Partner at Jeffer Mangels Butler & Mitchell. I'm here at Meet the Money® 2015, our 25th anniversary. I'm here...
2015 Hotel Investment and Finance Opportunities: Hotel Operating Agreements and Asset Management
Jim Butler | June 30, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com June 2015 Jack Westergom, Managing Director of Manhattan Hospitality Advisors, discusses hotel operating agreements, asset management, and the RFP process in the video. Jack spoke with David Sudeck, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015. David Sudeck: I'm David Sudeck. I'm a senior attorney with Global Hospitality Group® at Jeffer Mangels Butler & Mitchell. We're here at the 25th Annual Meet the Money® Conference. I'm here with Jack Westergom,...
US Supreme Court Voids LA Ordinance Requiring Hotel Operators to Turn Over Guest Records on Demand
Jim Butler | June 29, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com June 2015 In a 5-4 opinion rendered on June 22, 2015, the United States Supreme Court held that a Los Angeles municipal code provision violates the US Constitution's Fourth Amendment prohibition on unreasonable search and seizures. The invalidated LA Code provision requires hotel operators to make guest records available to the police upon request. This case may be significant because many cities throughout the country have similar laws, and they are now all constitutionally suspect. On the other hand, for reasons discussed below, most hotel operators will p...
Treatment of Service Charge for Revenue and Expense Reporting in the Hospitality Industry
Christopher Garland | June 29, 2015
Implementation of the11th Revised Edition of the Uniform System of Accounts for the Lodging Industry The 11th revised edition of the Uniform System of Accounts for the Lodging Industry (USALI) was published in the spring of 2014, with an implementation date of January 1, 2015. The responsibility for revising the USALI lies with the Financial Management Committee (FMC) of the American Hotel & Lodging Association (AHLA). Throughout the implementation process, the FMC has received several questions from the worldwide lodging industry. To answer these questions, the FMC has created a Frequently Asked Questions (FAQ) document on the USAL...
2015 Hotel Investment and Finance Opportunities: Hottest Hospitality Segments for Investors
Jim Butler | June 24, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com June 2015 Deric Eubanks, Chief Financial Officer of Ashford Hospitality Trust, discusses why now is a great time to buy hotels, which segment provides the best opportunities, and how supply growth will affect the hospitality industry over the next few years. Deric sat down with Bob Braun, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015. Bob Braun: Hi, I'm Bob Braun. I am a Partner at Jeffer Mangels Butler & Mitchell and I'm a senior member of our Global H...
2015 Hotel Investment and Finance Opportunities: World’s Largest Bank
Jim Butler | June 23, 2015
By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com June 2015 Alice Gao, Senior Vice President of the Industrial and Commercial Bank of China, discusses ICBC's global reach, its U.S. lending program, and recent deals in the video. Alice spoke with David Sudeck, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015. David Sudeck: We're here at the Meet the Money® Conference 2015, which is the 25th Annual Hotel Investment Conference for JMBM. I'm sitting here with Alice Gao, Senior Vice President and Head of Commerci...
Emirates Palace Optimizes Revenue Management in the Cloud with Infor
Infor | June 19, 2015
First Kempinski Hotels Property in the Middle East to Implement Infor EzRMS NEW YORK - June 19, 2015 - Infor, the industry cloud company, today announced that Emirates Palace has successfully implemented Infor EzRMS in the cloud to enable a more integrated approach to revenue management. A luxury, five-star hotel in Abu Dhabi, Emirates Palace is the first Kempinski Hotels property in the Middle East to become fully operational with Infor's hospitality-specific revenue management application as part of the global agreement signed by the international hotelier. Utilizing Infor EzRMS, Emirates Palace benefits from the ability to analyze c...
2015 Hotel Investment and Finance Opportunities: Crowdfinding for Hospitality Real Estate Deals
Jim Butler | June 18, 2015
Elizabeth Braman of Realty Mogul explains By Jim Butler and the Global Hospitality Group® Author of www.HotelLawBlog.com June 2015 Elizabeth Braman, Chief Production Officer at Realty Mogul, discusses crowdfunding for hospitality real estate projects and the benefits to investors in the video. Elizabeth spoke with David Sudeck, a senior partner in the JMBM Global Hospitality Group®, as part of our video interview series on hotel finance and investment opportunities in 2015. David Sudeck: I'm David Sudeck. I'm with Jeffer Mangels Global Hospitality Group®. We're here at the 25th Annual Meet the Money® Conference. I'm here with Elizab...
Rainmaker Named to Atlanta Business Chronicle List of Top 100 Fastest-Growing Private Companies
Rainmaker | June 15, 2015
Organic sales growth in hospitality and multifamily sectors earns leading technology company its third consecutive spot in exclusive annual list of Atlanta-based top firms. ATLANTA, GA - June 15, 2015 - The Rainmaker Group, the leading provider of revenue management and profit optimization solutions for the multifamily housing and gaming/hospitality industries, announced that the company has been named to the Atlanta Business Chronicle's 2015 List of the 100-Fastest Growing Companies in Atlanta. This is the third consecutive year that The Rainmaker Group has been recognized by the Atlanta Business Chronicle as one of the region's top-r...
Pebblebrook Hotel Trust Acquires The Tuscan Fisherman’s Wharf in San Francisco, CA for $122 million
Pebblebrook Hotel Trust | June 12, 2015
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has acquired The Tuscan Fisherman's Wharf, a Best Western Plus Hotel ("The Tuscan") for $122.0 million. The 221-room hotel is located in the heart of Fisherman's Wharf in San Francisco, California. The property will continue to be managed by Kimpton Hotels & Restaurants ("Kimpton"). "We're excited about our acquisition of The Tuscan, which marks our seventh hotel investment in the highly desirable San Francisco market and our third in the dynamic Fisherman's Wharf submarket," said Jon Bortz, Chairman and Chief Executive Officer of Pebblebrook ...
Rainmaker to Demonstrate Market-Leading Revenue Optimization Solutions at HITEC
Rainmaker | June 11, 2015
June 16-18, Austin Convention Center, Booth #1929 WHAT: Rainmaker will be at HITEC to demonstrate its market-leading revenue optimization solutions for hotel, resort and gaming hotel owners, operators, and management companies. Attendees can explore Rainmaker's product suite – GuestREV®, GroupREV®, Revcaster®, and Business Intelligence – at four iPad stations manned by senior executives. The company will drive booth visitors with a daily raffle of an iPad mini and a Starbucks gift card for all who download the app onsite. Gary Johnson, chief marketing officer, will be available to discuss Rainmaker solutions and...
HVS Design and JN+A Release 2015 Hotel Cost Estimating Guide
HVS Design | June 11, 2015
June 11, 2015 HVS Design and Jonathan Nehmer + Associates (JN+A) are proud to announce the completion of the 2015 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the USA. HVS Design and Jonathan Nehmer + Associates, Inc. (JN+A), leading Architecture, Interior Design, and Project Management firms specializing in the hospitality industry, are proud to announce the completion of the 2015 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations. Now in its sev...
Hotel ADR Rise vs Distribution Channels Cost, What Hoteliers Need to Calculate?
Ahmed Mahmoud | June 10, 2015
by Ahmed Mahmoud According to the latest TravelClick data launched early May 2015, Hotel bookings from individual business and leisure travellers spiked across a variety of digital channels in the first quarter of 2015, That includes bookings made through official hotel websites, online travel agencies (OTAs), and Global Distribution Systems (GDS). OTAs (which include Expedia.com, Hotels.com and Bookings.com) experienced the greatest jump in bookings, with a 15.1 percent increase compared to the first quarter of 2014. Reservations made directly through hotel websites also grew by 7.1 percent, year-over-year, while GDS bookings increased...
RoomKeyPMS Partners with PriceMatch to Add Unparalleled Revenue Management for Hotelier Partners
RoomKeyPMS | June 9, 2015
June 9, 2015, Vancouver, BC: Competition is fiercer in the hospitality industry than ever before. As hoteliers deal with the changing landscape of the industry with OTAs and emerging technology, they realize the business is changing. In this aggressive marketplace, hoteliers are looking for ways to stay competitive and implementing automated technologies to assist. RoomKeyPMS is committed to assisting hoteliers run their operations smoothly and is pleased to introduce our latest integration with PriceMatch, a powerful revenue management system. PriceMatch's machine learning algorithms are tailored by a team of mathematics graduates and ...
Highpointe Hotel Corporation Merges Property Performance Data on 3-System Platform
Aptech Computer Systems | June 9, 2015
At HITEC June 15 – 18 visit Aptech in Booth #921 at the Austin Convention Center How Does a Leading Hotel Management Company 'Complete the Suite?' With Profitvue Enterprise Accounting, Execuvue Business Intelligence and Targetvue Budget/Forecasting By Cam Troutman, Vice President of Aptech Computer Systems It is said that adversity can bestow unexpected benefits. This was the case 16 years ago when Highpointe Hotel Corporation searched for a new back office accounting system to weather the dreaded Y2K bug. The worldwide millennial computer meltdown never materialized. But Highpointe's vendor search resulted in a "successful long-term...
