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
The Edgewater Selects Infor for Hospitality-Specific Financial Management
The Edgewater | November 10, 2014
Infor SunSystems to Support Strategic Business Decisions with In-Context Analytics NEW YORK - Nov. 10, 2014 - Infor, a leading provider of business application software serving more than 73,000 customers, today announced that The Edgewater has selected Infor SunSystems to benefit from an integrated, industry-specific application for financial management. A historic hotel located in downtown Madison, Wis., The Edgewater chose Infor SunSystems because of its hospitality-focused accounting functionality and ability to meet the hotel's needs right out-of-the-box without requiring extensive customization. Its combination of usability and fle...
HFTP 2014-2015 Global Executive Committee and Board of Directors Begin Term
November 5, 2014
AUSTIN, TEXAS, USA (November 5, 2014) - The Global Executive Committee and Board of Directors for Hospitality Financial and Technology Professionals (HFTP®) have officially begun their 2014-2015 term. The association leaders represent a variety of hospitality industry segments (clubs, hotels, academics and management companies), and will use their professional expertise to help guide the association as it carries out its strategic plan. Upcoming goals for the association include growing globally, successfully serving the current global membership and continued development of the Global Hospitality Accounting Common Practices (GHACP), a...
Daniel N. Conti, JR., CAM, CHAE Installed as HFTP Global President
November 5, 2014
AUSTIN, TEXAS, USA (November 5, 2014) - As of November 1, Daniel N. Conti, Jr., CAM, CHAE officially began his term as global president of Hospitality Financial and Technology Professionals (HFTP®). Conti was recently honored at the association's 2014 Annual Convention & Tradeshow in New Orleans, La. Conti is currently the director of finance for Wyndham Grand Jupiter at Harbourside Place in Jupiter, Fla. "My philosophy has always been and will continue to be 'we succeed together and we fail together'," said Conti. "I plan to use my background in both country clubs and hotels to assist with directing our association forward. I look...
Hotel AG’s New Logo – The Firm Closes 80 Hotel Transactions in Last 12 Months
Hotel AG | November 4, 2014
ATLANTA - November 4, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has a new logo and brand, and additionally, has closed 80 hotel transactions over the past 12 months. "The new Hotel AG logo and brand streamlines the message the firm wants to portray which is a company that is clean, honest, fresh and transparent," said H. Keith Thompson, principal of Hotel AG. What's more, the firm has closed 80 hotel real estate transactions over the past 12 months. Of the transactions closed, 34 were Hilton or Marriott branded assets, 11 were full service assets and 9 were over 200 rooms in size. Geographically, the hotels wer...
County Officials Reviewing Plans for Salt Palace Convention Hotel
BuildCentral | November 3, 2014
Hotel-Online and BuildCentral Add/Update 249 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 3, 2014 - Hotel-Online and BuildCentral have added or updated 249 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: East Central Entrance Hotel (Duluth, MN) Gaslamp Canopy by Hilton (San Diego, CA) Chinatown AC H...
Gemstone Deploys ProfitSword Applications for Business Intelligence Platform
ProfitSword, LLC | October 30, 2014
Park City, Utah - October 30, 2014 - Gemstone Hotels & Resorts, LLC has chosen ProfitSword and the ProfitSage family of applications for its portfolio of hotels with the goal of improving operational efficiencies and providing a real-time reporting platform for management. Gemstone operates 13 independent and boutique hotels in eight different states. ProfitSage is a web-based financial business intelligence application providing users with data in real-time. With a high level of integration throughout an organization, countless operational efficiencies are created, including the elimination of manually keying data from one system i...
HotelREZ Hotels & Resorts Implements Revcaster Comp-Set Pricing Data for 1,000 Member Properties
HotelREZ Hotels & Resorts | October 30, 2014
How does HotelREZ Set Effective Day-by-Day Rate Strategies? With the Industry's Most Affordable, User-Friendly Pricing Solution and Exceptional Customer Service PORTLAND, OR - October 30, 2014 - Revcaster agreed to supply HotelREZ Hotels & Resorts with competitive price data to maximize rates for its properties in markets around the world. HotelREZ provides distribution, revenue, sales and marketing consultancy for more than 1,000 member hotels in 27 countries. Member properties now access Revcaster data to evaluate pricing dynamics in specific markets and set optimized competitive rates. Revcaster offers the hospitality industry's ...
Revenue Management: How to Make it Work Better for You in 2015
Ahmed Mahmoud | October 28, 2014
by Ahmed Mahmoud Year after year revenue management is gaining wide acceptance as a key marketing and pricing strategy in many hotels. Even the phenomenal revenue gains attributed to revenue management—typically in the range of 45 to 85 percent, virtually all of which drop to the bottom line—have prompted executives to investigate the potential applicability of revenue management to their hotels. These executives, taking notice of how the airline industry has used yield management principles to its gain, are beginning to apply the same principles to generate millions of dollars in extra profits. However virtually all hospitality ind...
4 Big Trends in Hospitality & Travel Technology for 2015
Alan Young | October 27, 2014
by Alan Young, CEO of Puzzle Partner 1. "Three Screens" is Out, Universal Digital Is In The idea of three screens has been valuable in expanding our ideas and ability to reach travelers across a spectrum of devices, but we are past it now. The next year will be one in which innovations in travel technology are made in such a way that all methods of correspondence are available to travelers—text, email, voice—and all applications and software are available in the same format across all devices. Ultimately, it means that the guest has total control over the way they plan their travel and communicate while on the road. 2. Mobile Check-...
American Liberty Hospitality Installs Aptech Targetvue Budgeting and Forecasting for 22 Properties
American Liberty Hospitality, Inc. | October 23, 2014
Targetvue to Create Easy-to-Use Budgets and Forecasts; Bases Evolving EOY Projections on Newest Data for Multi-Flag Operator Pittsburgh, PA - October 23, 2014 - Aptech Computer Systems announced American Liberty Hospitality, Inc. will implement Aptech's Targetvue Enterprise Planning system in 22 properties. American Liberty operates Hilton, IHG, Choice, Wyndham and other brands and full-service independent resorts. The company also uses Aptech's Profitvue® and Webvue® Enterprise Accounting. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for ...
hotel SystemsPro Tops 11,000 Certified Users; Launches Online Learning Management System
hotel SystemsPro | October 23, 2014
Growing hotel SystemsPro Client List Continues to Expand; Users Gain System Proficiency Certification with Online Education for More Professional Client Interaction, Greater Productivity Visit hotel SystemsPro at IHG® 2014 Tradeshow booth #345 in Las Vegas October 27 - 29 Atlanta - October 23, 2014 - hotel SystemsPro, a leading provider of ASP-based enterprise hotel sales software, sales and catering systems, maintenance automation, and guest service solutions announced it now serves more than 11,000 certified users across all its products. Its solutions include hotel SalesPro, hotel Sales & CateringPro, hotel ServicePro, hotel Web...
The Strip’s Newest Destination, SLS Las Vegas, Opens with InvoTech’s Uniform System
InvoTech Systems | October 22, 2014
"Every Second Counts" - High-Tech UHF-RFID System Processes Hundreds of Uniforms Instantly and Automates Laundry Accountability for 40,000 Articles LOS ANGELES, CA - October 22, 2014 - InvoTech Systems, Inc. announced its partnership with SLS Las Vegas, the Las Vegas Strip's newest resort. InvoTech Systems, Inc.. increases profitability for clients. It is a leading provider of software management and control systems for uniforms and linens, and for laundry and security operations. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. "I cannot imagine manually processing the tens of thousands of uniforms ne...
5 Ways to Use LinkedIn to Drive Group Revenues
Tambourine | October 21, 2014
by Dave Spector Ever watch the competition land a big event while you're stuck at a 60% occupancy rate? You know their rooms are full. Their restaurants are hoppin.' And all you can do is scratch your head and hope that meeting planner calls you next time. Fortunately, that's not all you can do. You can build a LinkedIn marketing plan that puts you in front of thousands of meeting planners. In a moment, I'm going to give you some specific tips on building your LinkedIn plan, but first let's get you in the LinkedIn mindset. Remember that it's social media... not "sales media." Professionals log on to gain business insight and connect. Ev...
125-Room College Hill Hotel Project Waiting On Zoning Approval
BuildCentral | October 20, 2014
Hotel-Online and BuildCentral Add/Update 356 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 20, 2014 - Hotel-Online and BuildCentral have added or updated 356 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Summit Boutique Hotel (Saint Paul, MN) Pearl District Hotel (Portland, OR) Grand Park Sports Cam...
Budgeting Is Getting Easy
Robert Mandelbaum | October 20, 2014
by: Robert Mandelbaum Throw away the Ouija and dart boards. Apparently predicting the performance of U.S. hotels has become very easy for U.S. hotel managers. For the third consecutive year, management's projections of revenues, expenses and profits contained in their budgets have been extremely accurate. Since 2001, PKF Hospitality Research, a CBRE company, (PKF-HR) has assessed the accuracy of hotel budgets. Over the past 13 years, one trend has become very predictable. During times of industry prosperity, hotel budgets are extremely accurate. In 2013, U.S. hoteliers overestimated their total property revenues by just 0.04 percent. Ho...
The Return of Hotel Financing and What to Consider
Ashish Amin | October 17, 2014
by Ashish Amin Driven by rising room rates, demand, and limited supply growth, hotel acquisition financing/refinancing looks to be back in full swing. Many lenders that were apprehensive in the past, have noticed this trend and are increasingly aggressive in this space. These lenders have become more sophisticated since the financial crisis and may now require additional navigating to make sense of the available options and nuances of financing. The following identifies key items both lenders and borrowers consider for: What are your priorities and what do you value the most in acquiring financing? In most cases, financing is a major de...
HotelUpgrade Launches Mobile App to Help Hotels Drive Multiple Night Brand.com Reservations
HotelUpgrade | October 13, 2014
website. () helps hotels cost upgrades such as additional bonus points, room upgrades, Internet, and upgrades when they can confirm 5 or more nights at a time, allowing hotels to The solution is focused on helping revenue and sales managers on a flexible corporate per diem and are comfortable booking BAR in order to on selling deeply discounted rates, HotelUpgrade is positioned to help their HotelUpgrade makes hotel and upgrade selection simple for the business traveler by displaying the hotels and upgrades they desire by market in an intuitive format. revealed that millennial business travelers highly value "soft" benefits such to sel...
Jeffrey Katz, Orbitz Founding Chairman/CEO, Keynote at Second Annual Revenue Strategy Summit (RSS)
Duetto | October 10, 2014
October 16, 2014, Affinia Manhattan Powered by Duetto, Hundreds of Travel Thought Leaders will Tackle the Next Frontiers in Hotel Innovation at RSS 2014 New York, October 10, 2014 ... Orbitz Founding Chairman and CEO and travel industry disruptor Jeffrey G. Katz will deliver the keynote address at the second annual Revenue Strategy Summit (RSS), a gathering of thought leaders and practitioners who will examine forces reshaping the hospitality industry and how marketing and technology must evolve to meet new demands. Founder and Managing Partner at KA Holdings, Katz is a thirty-five year leader in travel technology, whose additional role...
Best Western Roosevelt Avenue Hotel in Queens Slated to Open Late 2014
BuildCentral | October 6, 2014
Hotel-Online and BuildCentral Add/Update 341 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 6, 2014 - Hotel-Online and BuildCentral have added or updated 341 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Port Royal Resort (Jasper, GA) Waltham Hotel (Queens, NY) Riverfront Hotel Complex (Davenport, IA)...
Hotel AG Closes 76 Hotels in Last 11 Months
Hotel AG | October 6, 2014
ATLANTA - October 6, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 76 hotel real estate transactions in the last 11 months. The transactions included 14 Hilton branded, 15 Marriott branded, 11 full service, and 65 select service hotels. The assets were located across all regions in the US. Many of the hotels were in top MSA markets and covered most brand families. The buyers consisted mostly of REITs and large institutional investment firms, and the clients represented were across all ownership types. Hotel AG currently has 204 active hotel engagements totaling $2.7 billion in real estate value on the ma...
Hotel AG Closes 20 Hotel Transactions in September
Hotel AG | October 1, 2014
ATLANTA - October 1, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 20 separate hotel real estate transactions in September. The closings consists of 5 Hilton branded hotels, 7 Marriott branded hotels, 3 Wyndham branded hotels, 3 Choice branded hotels and 2 other branded assets. Included in the 20 hotels were 2 portfolios of mostly Hilton and Marriott assets located in the Northeast. Of the hotels sold, 4 were large urban hotels, 11 were in top MSA suburban markets and the balance of the assets were across various market segments. The highest price per room transaction was a large top CBD urban hotel that...
Puzzle Partner Launches Marketing on Demand for Travel Tech Companies Looking for Escape Velocity
Puzzle Partner | September 29, 2014
Start-up accelerator offers a full suite of marketing services without the big agency price tag to drive awareness, deliver leads and create partnerships to help businesses grow profitably Toronto, CA, - September 29, 2014 Puzzle Partner, the premier business consultancy firm specializing in travel and hospitality technology, today announced their new Marketing on Demand (MoD™) program. The turn-key services are scalable and tailored to meet the unique needs of start-ups and companies looking to take their business or product to the next level. "With decades of experience, we've learned a lot over the years, and we know what it takes ...
The Rainmaker Group Ready To Make Big Splash At G2E 2014
Rainmaker | September 25, 2014
Revenue Management Leader Continues Expansion of Service Portfolio and Staff ATLANTA, GA - September 25, 2014 - The Rainmaker Group will be hard to miss inside the Sands Expo and Convention Center at next week's Global Gaming Expo (G2E) in Las Vegas, as the world leader in automated profit optimization software and services for the gaming/hospitality industry continues to further strengthen its portfolio and expand its staff to meet growing customer demand. "We're very excited to showcase the latest advancements to our GuestREV® and GroupREV® products at our booth (#2813) along the high foot-traffic path of Tropicana Avenue," said Tam...
First Company to Target Hotels with Crowdfunding Launches
Hotel Innvestor, LLC | September 24, 2014
Hotel Innvestor Capitalizes On Recent Legal Changes Newport Beach, Calif. – Marking the first anniversary of SEC regulations that altered the face of crowdfunding for real estate, Hotel Innvestor is entering this emerging market by applying this approach to a first-of-its-kind business model for hotel investment – selling private securities in hotels to accredited investors via crowdfunding. Tim L. Edgar Founder and President Tim L. Edgar has created not only the first nationwide, web-based, hotel-investment-banking portal, but also what we believe is the first company to identify the strength of specializing in any specific commer...
