News Archive: October
Hawaii’s Turtle Bay Resort Looks Likely to be Sold for $350 Million
October 20, 2017
Oct. 20--A giant real estate investment firm and former owner of major Hawaii hotels has made a deal to buy Turtle Bay Resort. Blackstone Group has arranged to buy the resort on Oahu's North Shore for $350 million, according to Real Estate Alert, a publication on institutional real estate investing. Another source closer to the deal confirmed the tentative purchase and said the price is $330 million. Such an acquisition, if completed, would put Turtle Bay in the hands of a firm with huge financial resources and experience investing heavily in resort properties. The current owners of Turtle Bay retained brokerage firm JLL early last ...
Global MICE Trends to Look For in 2018
Pacific World | October 12, 2017
Destination and Event Management Company Highlights Top Destinations and Engagement Trends SINGAPORE (October 12, 2017) – Pacific World – one of the world's leading global destination and event management companies – is highlighting the MICE trends to watch for in 2018. The leading creative experts at the forefront of global event planning, Pacific World looks beyond technology, and believes it is time to look for unique destinations and development of distinctive, engaging incentive programs and events that drive connection on a personal level. "Over the past several months, we've systematically collected data, insigh...
Karl Bieberach-Dielman Will Join Rosewood Hotel Group as Chief Development Officer
Rosewood Hotel Group | October 31, 2017
International hotel management company Rosewood Hotel Group strengthens its development division with the appointment of Karl Bieberach-Dielman as chief development officer. Joining later this year, Mr. Bieberach-Dielman will lead the global development and feasibility team to strategically expand the footprint for the group's three distinct brands including ultra-luxury Rosewood Hotels & Resorts®, deluxe New World Hotels & Resorts and neighbourhood lifestyle pentahotels. "With Karl's proven track record of successful transactions to develop business across continents, we are confident he will significantly enhance our group...
Scent of a Lobby
Benoit Gateau-Cumin | October 26, 2017
By Benoit Gateau-Cumin Have you noticed, in recent years, that little "je ne sais quoi" that feels so familiar when you step into the lobby of a luxe hotel? Is it that all the beautiful women are exquisitely made up and perfumed? Or does it feel more like getting off the elevator at Neiman Marcus' cosmetics floor? Your olfactory senses are hijacked by the cacophony of fragrances at Neiman Marcus: they are there to "perfume" you, hoping you will like and buy. The chic hotel has a totally different approach and goal: it wants to seduce you, to relax you, to make you happy, maybe giddy, to make you feel plush. You feel like inhaling deeply...
How Do Hotels Fill Those Last Available Rooms?
Leora Lanz | October 17, 2017
By Leora Lanz Hoteliers, marketing directors, and revenue managers in particular are continuously learning how to put the pieces of the puzzle together when it comes to creative and effective options for selling out room nights. Numerous challenges arise with the plethora of new distribution technology, which complicate the process of directly reaching the guest, or even controlling a hotel's presence on the variety of brand and third party websites. The Director of Sales and Marketing at The Langham Boston, Rachelle Boudreau, emphasized this challenge. "It is difficult to be aware of the various distribution channels, as so ma...
What Makes a Great Hospitality Leader?
Jos Jumelet | October 3, 2017
By Jos Jumelet There are a plethora of lists of traits of Business Leaders but what makes a great Hospitality leader? According to Forbes, the 10 traits of Business Leaders are: Persistence: It's all about determination. Failure (sometimes) happens on the road leading to success. A thick skin: Never give up if you believe in what you are trying to achieve or accomplish. An eye for talent: Hunting for talent and surrounding yourself with other specialists and great minds. Can't get no satisfaction: Leaders are never satisfied and will always strive to take their company or business to the next level. Fearlessness: Show ...
What You Need to Know About Drone Photography for Hotels
Larry Mogelonsky | October 4, 2017
By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) The saying goes, "A picture is worth a thousand words." Now imagine what a video says! Last year, some 750,000 drones – known to the professional industry as Unmanned Aerial Vehicles and abbreviated as UAVs – were sold through big box retailers, with a forecast of over a million transactions this year. In parallel are frequent stories on the evening news recanting tales of UAVs making close contact with commercial aircraft in tandem with the fitting calls for regulation of this fast-growing, seemingly recreational activity. If you own or operate a large resort, golf cou...
Hospitality Financial Leadership – Food Cost and the 80/20 Rule
David Lund | October 23, 2017
By David Lund We have all heard of the 80/20 rule. But I am willing to bet most of you have not heard it in conjunction with the words "food cost." A good friend of mine who was an executive chef explained it to me and I am going to share it with you. So first off, the 80/20 rule states that 80 percent of any result comes from 20 percent of the activity. In food cost, what Chef taught me is the 80 percent of the food cost comes from only 20 items. That's right—the top 20! What he explained was so simple and powerful. Identify the top 20 food items your hotel buys using the dollar value of those items. It takes a bit ...
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