Kimpton Gray Hotel Appoints Aaron Munson as New Executive Chef
the Kimpton Gray Hotel | January 30th, 2023
IDeaS Names Winner of Fabian Specht Revenue Optimisation Professional of the Year at HSMAI Europe
IDeaS | January 26th, 2023
News Archive: January
What to Expect in the Hospitality Industry in 2023
Mark D. Podgainy | January 30, 2023
By Mark D. Podgainy Last year was a year of dramatic recovery for the hospitality industry. What’s ahead for 2023? Definitely clouds, but the question is whether the clouds will pass over or they will result in a storm. What’s Ahead High labor costs will persist. While many workers have come back to the hospitality industry after leaving during the Covid-19 pandemic, the industry is still short of employees. This supply-demand imbalance will continue to keep labor costs high and impact margins. As the economy slows the supply of employees will grow (layoff announcements in the news have been increasing), but it is unkno...
The Ritz-Carlton, Aruba Unveils Guestroom Renovation
The Ritz-Carlton Hotel Company, LLC | January 12, 2023
PALM BEACH, ARUBA (January 12, 2022) – The Ritz-Carlton, Aruba announces the completion of their most recent reimagination with the debut of new, island-inspired designs in all of the 320 guestrooms, suites and corridors. The contemporary design pays homage to the hotel’s unmatched location along Aruba’s acclaimed Palm Beach with locally inspired design motifs and color waves across the resort’s new textiles and textures featuring custom artwork and elevated comfort. Perfectly paired with a stay in the refreshed guestrooms, The Ritz-Carlton, Aruba has also introduced new culinary experiences for guests to enjoy in 2023. Resort Rooms...
Q4 2022 Major U.S. Hotel Sales Survey
Daniel Lesser | January 16, 2023
By Daniel Lesser Heading into a new year, the U.S. commercial real estate industry finds itself in choppy waters amid fears of a recession, rising inflation, and interest rate hikes as market participants await a course correction. Challenges during 2022 including continued supply chain constraints, increasing labor costs and struggles in attracting talent are anticipated to endure through 2023. Combined with international and domestic geopolitical issues and market volatility, many believe during the near term, the U.S will experience a mild to moderate economic recession. Although inflation appears to have recently stabilized, it remains...
Accor to open Wonil Hotel Perth, the First Handwritten Collection Hotel in Australia, at Forrest Hall Precinct
Accor | January 23, 2023
Accor, the largest hotel operator in Australia, will operate Wonil Hotel Perth, a new Handwritten Collection hotel set to open at the Forrest Hall Precinct in early February 2023. Wonil is the Noongar name for peppermint tree and the new hotel is located on the banks of the Swan River surrounded by peppermint trees, adjacent to The University of Western Australia. Through a unique operating model, net revenue from the hotel will be reinvested back into the Forrest Research Foundation (FRF) to support current and prospective scholars and fellows, and sustain FRF into the future. As part of Accor’s new Handwritten Collection, Wonil Hote...
Technology Plays a Key Role in Reducing Travel-Related Stress
Fran Worrall | January 3, 2023
Q&A with Mike Gathright of Hilton By Fran Worrall Streamlining the guest journey is top of mind for any hotelier. Hotel Online recently sat down with Mike Gathright, senior vice president of customer experience at Hilton, to learn what types of technology enable smoother and more stress-free guest stays and to find out what the brand is doing to make guest service more efficient. Gathright oversees reservations, guest services and support, as well as Hilton’s digital channels, including website and mobile app, property and contact center. HO: Briefly discuss your recent survey, The 2023 Traveler: Emerging Trends that are Inno...
Alpental Capital, Solid Rock Group, and Taconic Capital Advisors Complete Sale of Sheraton Denver Tech Center for $16.2M
Alpental Capital | January 5, 2023
Alpental Capital, Solid Rock Group, and Taconic Capital Advisors jointly announced the sale of the Sheraton Denver Tech Center for $16.2 million. The 263-room hotel located in Greenwood Village, CO last sold for $9.2 million as part of a bankruptcy auction in June 2021. The partnership completed an extensive capital improvement plan and reopened the hotel in August 2021, after being closed by the previous owner in March 2020. “We are proud to see this investment through its lifecycle from acquisition to disposition, despite the broader economic and capital markets headwinds. The transaction represents one of the few hotel investments suc...
The Lost Hotels Of Midtown New York
Dexter Wood | January 12, 2023
By Dexter Wood Several legendary properties remain closed in Midtown New York, and most will never reopen. Luxury hotel demand staged a respectable resurgence last year as the dreadful impact of the pandemic continued to fade. Trailing twelve-month RevPAR for luxury hotels in NYC, as of November 2022, has already surpassed its pre-pandemic benchmark from December 2018. This was a welcome improvement for prominent Midtown hotels that had reopened after many months of closure, including the Mandarin Oriental, Ritz-Carlton, The Plaza, St. Regis, The Peninsula, and the Lotte New York Palace. However, some well-known properties that enjoy...
Beverly Hills-Based Hawkins Way Capital Buys 655-Room Hotel in Midtown, Manhattan
Hawkins Way Capital | January 31, 2023
NEW YORK, Jan. 31, 2023-- Hawkins Way Capital, in a joint venture with Värde Partners, has acquired 525 Lexington Avenue in Midtown, Manhattan, comprising a 655-room, 406,261 square foot tower across 35 stories. A designated landmark building, the 1924-built property previously operated as a Marriott International branded hotel focused on corporate and business travel before closing at the onset of the Covid-19 Pandemic. "525 Lexington represents a compelling opportunity to increase our footprint in the heart of Manhattan at a favorable basis. We believe the property will benefit from an injection of fresh equity ...
