Using Soft Metrics to Guide Hotel Operations
Larry and Adam Mogelonsky | April 27th, 2022
Traveler Trends and Hotel Guest Behavior – What’s Changed, What’s New, What’s Next?
Preetham Shetty | April 26th, 2022
News Archive: April
Understanding Distribution: OTA Channels
Vizergy | April 5, 2022
With countless channels and platforms to manage, distribution can be tricky. Today, we begin our series on distribution to help demystify some of the process and provide you with information you need to boost bookings and create new business. Building a Hotel Distribution Channel Strategy When it comes to hotel channel distribution, you have several options. To maximize production and revenue, you need to consider the right channel mix that best fits your property’s target market. Understanding different traveler segments who book at your property allows you to diversify your business mix and optimize your distribution strategy. The ...
Kiawah River Celebrates Groundbreaking of The Dunlin, Auberge Resorts Collection
Kiawah River | April 7, 2022
Johns Island, SC – April 7, 2022 – Kiawah River, a new waterfront community and the Charleston region’s first agrihood, announced the groundbreaking of The Dunlin, Auberge Resorts Collection on Friday, April 1, 2022. Located on the property’s 2,000 acres of picturesque land, The Dunlin, Auberge Resorts Collection, will be a charming, family-friendly getaway that invites guests to take in the natural beauty and simple pleasures of an authentic sea island lifestyle upon its opening in 2024. “For the past several years, we have built a vibrant community at Kiawah River,” said John Darby, CEO of The Beach Company. “...
Island Capital Group and MCR Acquire Sheraton New York Times Square Hotel for $373M
Island Capital | April 20, 2022
Joint venture marks the second high-profile hotel transaction between Island Capital and MCR and demonstrates continued optimism in the recovery of New York City's hospitality industry NEW YORK, April 20, 2022 -- MCR, a leading hotel investor and the third-largest hotel owner-operator in the United States, and Island Capital Group LLC ("Island Capital"), a leading international real estate merchant bank that controls a diverse group of real estate services companies engaged in fund management, principal investment, and financial advisory and consulting services, today announced that they have jointly acquired the Sheraton New York Times ...
Sheraton Park Hotel at the Anaheim Resort Completes $33M Renovation
Sheraton Park Hotel at the Anaheim Resort | April 14, 2022
The Sheraton Park Hotel at the Anaheim Resort, owned by Taconic Capital Advisors and operated by leading hospitality company Aimbridge Hospitality, has announced the completion of a $33 million dollar renovation. Renovations began in May 2021. “We are delighted to unveil our reimagined and vastly improved resort and introduce the extraordinary changes throughout the property,” said Ian Gee, General Manager. “Guests and locals alike will appreciate the totally new-and-improved experience, in both design and services we offer.” Guests will immediately notice the large-scale commissioned sculpture bathed in ligh...
Fullsteam Acquires IQware Inc and Megasys Hospitality Solutions
Fullsteam Holdings LLC. | April 19, 2022
Fullsteam strengthens its position in the Hospitality Industry by acquiring IQware Inc. and Megasys Hospitality Solutions. Laval, Quebec, Canada - Fullsteam, a holding company acquiring software and payments businesses, announced its March 2022 acquisition of IQware Inc and Megasys Hospitality Solutions, leading providers of hospitality management solutions. IQware Inc and Megasys were merged at the end of 2021 to create an industry-leading software and services solution for hotels, condo-hotels, state parks, and other recreational facilities. Both companies have long served the hospitality market with deep expertise, understanding, and ...
Remington Hotels Acquires Chesapeake Hospitality
Remington Hotels | April 18, 2022
DALLAS, TX — April 18, 2022 — Remington Hotels, a dynamic and growing hotel management company, has acquired Chesapeake Hospitality’s hotel management expertise, and legacy of excellence. With 65 years of experience helping hotel owners and real estate investors in the eastern United States discover their properties’ full potential, Chesapeake joins Remington with a complementary vision and mission. The acquisition expands Remington’s footprint to Midwestern markets, including Pittsburgh, Milwaukee, Detroit, and St. Louis. Additionally, Remington will expand its portfolio of IHG & Independent properties in several locations ...
Grand Orlando Resort at Celebration Under New Ownership, Management; Announces $35 Million Renovation
Tishman Hotel Corporation | April 13, 2022
CELEBRATION, FL – April 13, 2022 – The Grand Orlando Resort at Celebration is under new ownership and management. The 718-room property, located just 1.5 miles from Walt Disney World, was recently purchased by Tishman Hotel Corporation. StepStone Hospitality has been named the management company and will oversee the property. The resort is currently undergoing a $35 million renovation, which includes guest rooms and suites, outdoor pool areas, a restaurant and on-site conference center, with completion expected in early 2023. The room renovation construction is contained to one of the hotel’s six towers at a time, to avoid interruption...
Avion Hospitality Awarded Management of Five Hotels by Texas-Based Family Office Founder and Entrepreneur, Mac Haik
Avion Hospitality | April 26, 2022
DALLAS, TX (April 25, 2022) - Avion Hospitality, a third-party hotel management company, announces it has been awarded the management contract for five Texas hotels. The properties are owned by Haik’s parent company, Mac Haik Enterprises, LTD. “Choosing to partner and place our trust in Avion Hospitality as our hotel management company was an easy decision,” said Mac Haik, Chairman and CEO of Mac Haik Enterprises. “Avion devotes attentive oversight and a team of hospitality experts with deep knowledge and experience. Unquestionably, Avion will return exceptional results for our hotels.” The assets are a combination of Hilton and...
