How to Better Manage Conference and Banqueting When It Returns
HotStats | October 28th, 2020
Summarizing the Financial Consequences of the Pandemic
Larry Mogelonsky | October 28th, 2020
News Archive: October
Branded Hotels: Who Has the Best Contactless App?
Sonya Taylor | October 19, 2020
Safety is still paramount for those that are traveling today and putting guests at ease is a top priority. So, of the major brands (Marriott, Hilton, IHG), Cogwheel Marketing did a little research on which brand the best contactless opportunities for guests. All three of the major brands offer some form of digital check-in, one thing they do all have in common is you must be a rewards member. Easy, all you have to do is sign up. Now that eligibility is out of the way, let’s get to the nitty-gritty. IHG App Contactless Options Offers Mobile check-in for all IHG branded hotels in the Americas effective November 1, 2020 Must be ...
DCF Is the Most Appropriate Method of Hotel Valuations, Especially During the COVID Era
Akash Datta | October 5, 2020
By Akash Datta, Dipti Mohan In a market like India, where land most often than not is mis-appropriately valued resulting in exaggerated project costs and hotel transactions are limited in number, the only viable methodology that remains relevant especially in the current uncertain & volatile market scenario is that of Discounted Cash Flows (DCF). Moreover, the current pandemic has had an unprecedented impact on the hospitality sector, with hotels being temporarily closed and the sector witnessing all-time low performance metrics, by the virtue of which, assessing the value of a hotel on current income fails miserably. Hotels are ext...
2021 Hotel Forecast
Robert Rauch | October 1, 2020
By Robert Rauch The COVID-19 pandemic has caused unprecedented disruption to the hospitality industry, so when it comes to mapping a post-pandemic recovery, it’s clear that we are in uncharted territory. The Lodging Conference hosted Bernard Bauhmohl, Chief Economist of the Economic Outlook Group. His remarks related to vaccines, treatments, lack of stimulus package and election results led us to believe we are in for a longer ride along the trough of this recession. Our assessment is that we are at the midpoint with Q2 and Q3 behind us, two more quarters of recession will put us at one full year, close to the average length of a rece...
New Hospitality Group, Long Weekend, Launches Hotel Portfolio
Long Weekend | October 26, 2020
Properties include The Lake House on Canandaigua, The Seagate Hotel & Beach Club and The Elbow Cay Club in Abaco, Bahamas New York, NY (October 26, 2020) – Launching today is Long Weekend, a new hospitality group with three projects under its flag. The independent collective will bring together award-winning designers, architects, restaurateurs and operators to create thoughtfully designed properties located in unexpected destinations. Each Long Weekend property, a mixture of existing and yet to be built, will be unified by a common goal. To create spaces and experiences that hold lasting memories. Long Weekend properties redef...
Marriott International Plans 2021 Opening of The Cloudveil, an Autograph Collection Hotel, in Jackson Hole, Wyoming
The Cloudveil, an Autograph Collection hotel | October 29, 2020
JACKSON, WY (October 29, 2020) – Set to open spring 2021 on Jackson’s historic Town Square, The Cloudveil, an Autograph Collection hotel, will draw upon the town’s signature Western style, while bringing understated luxury and a refined, yet relaxed sensibility to the valley. Rooted in the destination, people, and soul of Jackson Hole, The Cloudveil name gives both a nod to the Cloudveil Dome within the Teton Range, while also invoking the veil of clouds lifting to reveal the transformational journey guests will undoubtedly embark on as they experience the natural wonder and enduring character of Jackson Hole. The Cloudveil will als...
New Owners for Historic Maxwell Mansion Hotel in Lake Geneva, Wisconsin
Maxwell Mansion | October 21, 2020
LAKE GENEVA, Wis. (Oct. 21, 2020) – One of the most intriguing lodging properties in Lake Geneva, Wis., the Maxwell Mansion, is getting new owners. Luke and Monica Pfeifer, Wisconsin natives, will take over the reins from Andrew Fritz, who has owned the property since 2012 and is credited with its rejuvenation as one of the most glamorous inns in this storied lake resort community. For more on the Maxwell Mansion which dates back to 1856, its password-required Speakeasy , Apothecary cocktail bar, crystal-laden ballroom, and shaded gardens, visit www.MaxwellMansion1856.com. The address is 421 Baker Street, just two blocks east of Geneva Lake...
Highgate Assumes Management of Trust Hospitality Portfolio of 22 Lifestyle Properties
Highgate | October 5, 2020
New York, NY – Oct. 5, 2020 – Leading real estate investment and hospitality management company Highgate announced today it has assumed management of Trust Hospitality’s portfolio assets, comprised of 22 hotels and resorts – approximately 3,100 rooms – throughout the U.S., Caribbean and Latin America. The portfolio includes a combination of existing and under development hotels and resorts. This transaction increases Highgate’s footprint in the Caribbean and Latin America, and will enable the company to be the leading hotel manager in the region. Trust CEO Richard Millard and Partner/Head of Development Michael Registe...
Pradeep Raman Appointed General Manager of Baccarat Hotel New York
Baccarat Hotel New York | October 7, 2020
NEW YORK, NY, October 7, 2020 – Pradeep Raman has been named General Manager of the Forbes Five Star AAA Five Diamond Baccarat Hotel New York In this role, he oversees the day to day operation of the flagship hotel, which reimagined the elegance and perfection of the legendary French crystal maker into a luxury lifestyle hospitality brand when it opened in March of 2015. “We are thrilled to welcome Pradeep to the Baccarat Hotel team,” said Arash Azarbarzin, CEO, SH Hotels & Resorts. “We are confident that he will continue the tradition of extraordinary service and position the Hotel for a successful reopening during these unp...
