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TCC Hotels Group & IHG to Open the 184-room Holiday Inn Express Bangkok Sathorn in Thailand
TCC Hotels Group | September 17, 2013
Bangkok, 17 September 2013: Leading Thai conglomerate TCC Hotels Group and InterContinental Hotels Group (IHG), one of the world's leading hotel companies, have signed an agreement for the Holiday Inn Express Bangkok Sathorn. It will be the first of the Holiday Inn Express brand to be owned by TCC Hotels Group, who also own InterContinental and Crowne Plaza hotels under IHG's brand portfolio. Located in Bangkok's up-and-coming district of Sathorn, which is in the centre of the central business district and diplomatic area, the newly-built 184-room hotel will be near numerous embassies and major multinationals. With location being a key ...
AR Capital Purchases Majority Stake in Crestline Hotels and Resorts from Grupo Barcelo
ARC | September 17, 2013
NEW YORK, Sept. 17, 2013 -- AR Capital, LLC ("ARC") announced today that it has completed the purchase of a controlling interest in Crestline Hotels and Resorts, Inc. ("Crestline") from Grupo Barcelo, a hotel company in its third generation of family ownership headquartered in Majorca, Spain. In Crestline, ARC has acquired a majority interest in the 17th largest hotel manager in the United States. Crestline currently manages 43 hotels, containing in excess of 7,000 rooms, and operates mostly in the select service and full service segments. Crestline employs over 3,500 associates. Crestline is an approved operator for Hilton Hotels, Inte...
Payroll Pressures by Karen Johnson
the author | September 17, 2013
By Karen Johnson September 17, 2013 LABOR COST FORECASTS Budget season is upon us, and it is time to study the factor that would change the single greatest expense category: Labor Wage Rates In real dollars, the American worker earned 0.1 percent less in July 2013 than in July 2012, after the nominal adjustment for inflation. Because of the weakness in the economy, wage rates are likely to be stable during 2014, with some notable exceptions: California's $8.00 minimum wage will increase 12.5 percent to $9.00 in July of 2014 Minimum wage in the State of New York will increase 9.4% on January, 1. The base wage rate for tipped employees...
Educational Institute Welcomes New Partner School in Bangladesh
American Hotel & Lodging Educational Institute | September 17, 2013
Orlando, Florida, September 17, 2013 - The American Hotel & Lodging Educational Institute (EI) has signed a Global Academic Partner (GAP) agreement with Cambrian for International Studies (CIS) in Dhaka, Bangladesh. CIS is part of Cambrian School and College, which has about 2,000 students studying in several areas. About 200 of those students will pursue hospitality studies through CIS. CIS offers bachelor's and master's level education in collaboration with the Swiss Institute for Management and Hospitality (Swiss IM&H) in Switzerland. Mr. Amin Khandaker, CHE, CSGP, HPC, the Chief Academic Officer (CAO) of Swiss IM&H, made...
Pegasus Solutions Hosts Key Hoteliers in Paris for Launch of World of Distribution Event Series
Pegasus Solutions | September 17, 2013
DALLAS (September 17, 2013) – Pegasus Solutions hosted hoteliers at Google's Paris location on Monday for their first joint World of Distribution seminar. The event provided a forum for representatives from Pegasus, Google, and key Parisian hotel companies to deliberate on the industry's current and developing distribution needs. "An exclusive gathering of Google travel specialists, area hotel executives, and our own distribution leaders was the best path forward in planning for tomorrow's industry solutions," said Chris Wichers, chief sales officer of Pegasus Solutions. "Hotel distribution methods need to be sustainable and evolve be...
UniFocus Ensures Optimum Data Protection with Opening of Second Colocation Center
UniFocus | September 17, 2013
September 17, 2013 - Technology has made companies more efficient, and has simplified and streamlined daily operations. However, computers and other devices businesses utilize everyday aren't without flaws. Crucial data can be damaged or deleted due to malfunctions in the system, which then leads to a domino effect of errors. Colocation centers are equipped to handle and prevent such mishaps, and offer users security. UniFocus is pleased to announce the recent opening of a second colocation center in Seattle, joining the colocation facility operating in Dallas. Colocation centers offer space, physical security, power and cooling for ser...
Find the Balance in Hospitality Service
BSC Designer | September 17, 2013
One of the buzz-word business concept in last 20 years was the Balanced Scorecard. It was adopted by biggest retailers, banks, IT companies, hospitals and universities. The unique features of the Balanced Scorecard concept help companies all over the word to put together strategy and action, improving service and client satisfaction as a result. Hospitality industry is not an exception, the Balanced Scorecard concept is successfully used in many large hotel chain as well as in local bed and breakfasts. Balanced Scorecard Basics Any business website will tell you that there are 4 perspectives in the Balanced Scorecard: Education and Grow...
Top 4 Hotel Financing Obstacles And How to Get Around Them / Brian Holstein
Brian Holstein | September 16, 2013
Do you have upcoming hotel financing needs? Whether you are in the market for a simple refinance or acquisition financing, a discounted-payoff (DPO) financing or a PIP-induced recapitalization, the same rules apply. The hotel loan market has been on a good run for the last twelve months with competition among lenders heating to a point not seen since prior to the financial crisis. Lenders are beginning to focus increasingly on areas outside of pricing and leverage in order to preserve loan profitability and keep mortgage leverage below the aesthetically pleasing 70% loan-to-value level. SIMPLY PUT, WHAT THIS MEANS FOR HOTEL LOAN BORROWE...
Blackstone Banking on Success: Hilton Worldwide Files for Initial Public Offering
Hilton Worldwide | September 16, 2013
MCLEAN, Va. - September 16, 2013 - Hilton Worldwide today announced that it has filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Deutsche Bank Securities Inc., Goldman, Sachs & Co., BofA Merrill Lynch, and Morgan Stanley & Co. LLC are acting as the joint book-running managers for the offering. When available, copies of the preliminary prospectus related to the offering may be obtained from: Deutsche Bank Securities Inc., Attention: Pro...
Travel’s Big Data: It’s time to take off the blinders / Jami Timmons
Jami Timmons | September 16, 2013
No one can deny the obvious. Travel and its big data have migrated online. Whether it's a weekend jaunt to the nearest big city or a complex escape to an exotic locale, most trips today are planned on the Internet. Most travel marketers, however, aren't keeping up with the evolution of big data and the importance of online search in predictive analytics. Here are a few reasons why. 1. Siloing of data All brands, even individual properties, typically aggregate their own data without dynamically comparing or integrating with other real-time market data. Too often, they rely on legacy data-gathering institutions that deal in historic booki...
Grace Hotels Names Stuart Barwise as GM of The Mayflower Grace in CT & Regional GM, New England
Grace Hotels | September 16, 2013
Ian Grant Named as Regional Food & Beverage Director, New England 16 September 2013 - Grace Hotels is pleased to announce two senior appointments following its recent expansion in New England. Stuart Barwise becomes General Manager of the newly acquired Mayflower Grace and Regional General Manager, New England. Ian Grant has been appointed Regional Food & Beverage Director, New England. Barwise and Grant both join from US Hotels, the sister group of Grace Hotels, where they held the roles of Director, Hotel Operations, and Director, Food & Beverage Operations respectively. Each brings a wealth of experience: Barwise has hone...
Hyatt Hotels Enters Agreement for the 223-key Park Hyatt Shenzhen, Futian to Open in China in 2018
Park Hyatt | September 16, 2013
CHICAGO - September 16, 2013 - Hyatt Hotels Corporation (NYSE: H) today announced that a Hyatt affiliate has entered into a management agreement with Shenzhen Ping'An Financial Centre Construction and Development Co., Ltd. for a Park Hyatt hotel in Futian district, Shenzhen, China. Park Hyatt Shenzhen, Futian will join Grand Hyatt Shenzhen, which opened in 2009. "Shenzhen is a key city for multiple industries in China and is becoming a gateway city in its own right. We are pleased to offer travelers another opportunity to stay at a Hyatt-branded property in Shenzhen and thanks to Park Hyatt's reputation for outstanding service, as well ...
HeBS Digital Wins Six 2013 WebAwards, Including Best Hotel and Lodging Website
HeBS Digital | September 16, 2013
HeBS Digital won a grand total of six 2013 WebAwards, including Best Website in the "Hotel and Lodging" category for the new Crowne Plaza Times Square Manhattan site. Additional awards include three Standard of Excellence awards for Hotel Belleclaire, Le Parc Suite Hotel, and Virginia Beach Vacation Rentals and two Outstanding Website awards for The Roger New York and the City of Indian Wells, also in the "Hotel and Lodging" category. New York, NY - September 16, 2013 - HeBS Digital announces it has won a grand total of six 2013 WebAwards from the prestigious Web Marketing Association. The digital technology and marketing firm led the f...
Michael Jokovich Promoted to Hyatt Area Vice President Northern California
Grand Hyatt San Francisco | September 16, 2013
San Francisco, California (September 16, 2013) - Hyatt Hotels announces the promotion of Michael Jokovich to Area Vice President Northern California. After nearly six years as General Manager at Hyatt Regency Maui Resort and Spa, Jokovich has returned to the mainland to provide oversight operations at six Hyatt properties in the Bay Area: Grand Hyatt San Francisco, the property where he will be based and solely responsible for, Hyatt Regency San Francisco, Hyatt Regency San Francisco Airport, Hyatt Regency Sacramento, Hyatt Regency Santa Clara, and Andaz Napa. Jokovich will continue to report to Jordan Meisner, Senior Vice President Fie...
Last Chance to Receive Your Free Pass to the Las Vegas Food & Beverage Event at the #1 Casino Show
G2E - Global Gaming Expo | September 16, 2013
See unique food and beverage suppliers, such as Sysco and 60 of their distributors. Discover new wines and spirits at the Ultra Lounge sponsored by Southern Wine & Spirits. Check out the latest uniforms at the Uniform Fashion Show sponsored by Cintas. Learn about the latest food trends and network. If you are a food and beverage professional or restaurateur, you may register for free exhibit hall admission to the Las Vegas Food & Beverage event at Global Gaming Expo (G2E), #1 Casino event in the world. September 24-26, Sands Expo, Las Vegas, Nevada. ...
Autograph Collection Debuts in Japan with Opening of the Newly Renovated Prince Sakura Tower Tokyo
Marriott International, Inc. | September 16, 2013
HONG KONG - September 16, 2103 – Marriott International and Prince Hotels, Inc, of Japan announced that The Prince Sakura Tower Tokyo will become Japan's first Autograph Collection hotel - a portfolio of independent hotels, with the re-opening of the newly renovated hotel on September 14, 2013. Exactly like nothing else, the Autograph Collection is an upscale portfolio of hand-selected independent hotels each offering its own unique travel experience. Experiences fall within diverse categories including Urban Excitement, Indulgent Escape, Culinary Delight, Artistic Getaway, Historic Exploration and more. Each hotel is thoughtfully cho...
New Castle Names Jason McCarthy General Manager of the Homewood Suites by Hilton Virginia Beach, VA
New Castle Hotels & Resorts | September 16, 2013
SHELTON, Conn. - - September 16, 2013 - Officials of New Castle Hotels and Resorts, a leading hotel owner, operator and developer, today named Jason McCarthy general manager of the 122-suite Homewood Suites by Hilton Virginia Beach. An award-winning hotelier, McCarthy recently oversaw the $1.5 million renovation and rebrand of a Norfolk-area hotel. Prior to his turnaround success, McCarthy served as the general manager for the SpringHill Suites in Chesapeake, Va., where he was responsible for achieving the brand's award for improving guest satisfaction. "Jason brings a wealth of experience in select service and extended stay brands and ...
Essential Mobile and Social Stats for Travel Industry Movers and Shakers – an Infographic
EyeforTravel | September 16, 2013
September 16, 2013 - In uncertain times, every travel industry executive needs the latest research at his or her fingertips. Read on for a handful of the big numbers and sobering insights from EyeforTravel's latest report. With mobile accounting for 20% of all travel sales and social media penetration averaging 44% across the developing world, the writing is on the wall. Brands must move cleverly and swiftly in the multichannel environment. Take a look at this detailed infographic - a snapshot of some of the threats, opportunities and trends that the travel industry cannot afford to miss. ...
CA’s Casa Madrona Hotel & Spa Undergoing Renovation of its Historic Mansion, Cottages, & Event Space
Casa Madrona Hotel & Spa | September 16, 2013
Sausalito, CA (September 16, 2013) - Nestled hillside in Northern California's beautiful Sausalito, Casa Madrona Hotel & Spa is announcing the renovation of its historic mansion, upper hillside cottages, and meeting and event space set to debut later this year. Exemplifying innovation, technology, luxury, service and style, the unveiling will showcase a number of notable highlights including the complete renovation of its historic mansion built in 1885, the restructuring and redesign of the Mansion's 11 rooms including the new, standout 5,000-square-foot Alexandrite Suite and the 1,700 square-foot Junto meeting and event space, plus...
New Owner for 60-Room Oakhurst Lodge in California; Hotel-Online & BuildCentral Update 102 Hotels
BuildCentral | September 16, 2013
Hotel-Online and BuildCentral Have Updated 102 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. September 16, 2013 - Hotel-Online and BuildCentral have reported 102 changes in personnel, property management and ownership in the Hotel Profiles database over the last two weeks. Many hotels are getting a fresh start with a new Owner, Property Manager or General Manager. Recommend your product or service to someone who might be looking for a change. Hotels Under New Management: Dunes Motel (Ocean City, MD) The Sunburst Calistoga (Calistoga, CA) Fairfield Inn Ann Arbor (Ann Arbor, MI...
Hotel & Lodging Association of Volusia County Honors Daytona Beach, FL Area Outstanding Employees
September 16, 2013
DAYTONA BEACH, FL - September 16, 2013 - The Hotel and Lodging Association of Volusia County held its 9th Annual Employee Appreciation Luncheon at Café 101 located in the Mori Hosseini College of Hospitality and Culinary Management on the campus of Daytona State College. Over 200 people attended the event that recognized 46 employees with over 350 years of experience in the hospitality industry. The guest speaker was Rep. David Hood. The culinary and hospitality students at Daytona State College prepared and served the meal. Employee of the Year winners were: Each year we recognize a person for their outstanding contribution to the ho...
Historic NY Buckingham Hotel Re-imagined, Re-Opens as the 208-key Quin
The Quin | September 16, 2013
New York, NY - September 16, 2013 - Situated on 57th Street, a short block away from Carnegie Hall, stands an elegant 17-story pre-War building with a history that is fully intertwined with an entire era of world-class music. The former Buckingham Hotel, once home to icons like Paderewski and Tebaldi, has been rechristened the Quin (www.theQuinhotel.com) and re-imagined as a new luxury hotel where art, design and nature blend seamlessly to create a sanctuary from the city at an incomparably central address. Debuting this October, the Quin lies in the midst of the 57th Street gallery district, a mere block away from the grandest of the F...
The 92-room Courtyard Philadelphia Springfield to Open this Week in Pennsylvania
Courtyard by Marriott | September 16, 2013
Springfield, Pennsylvania - September 16, 2013 - Courtyard by Marriott is rolling out its innovative lobby and room design in Springfield, Pennsylvania. This is the first Courtyard in the area featuring the Refreshing Business lobby environment, where guests can enjoy an open and flexible space. Along with media pods, Wi-Fi and a variety of seating zones, the redefined space is ideal for everything from pop-up meetings to social gatherings. Scheduled to open this Thursday, the 92-room Courtyard Philadelphia Springfield also offers a refreshing and stylish room design that helps guests stay connected, productive and comfortable. Thoughtf...
Finvarb Group & Marriott Set to Open the 173-suite Residence Inn by Marriott in Tempe, AZ
Residence Inn by Marriott | September 13, 2013
Tempe, Arizona - September 13, 2013 - The 173-suite Residence Inn by Marriott in Tempe, Arizona is scheduled to open later this month. Located at 510 South Forest Avenue, the Residence Inn Downtown Tempe is owned by Miami based Finvarb Group and managed by Marriott International, Inc. Located in the Mill Avenue District in the heart of downtown Tempe and five miles from Phoenix Sky Harbor International Airport, the Residence Inn Downtown Tempe offers its guests convenient access to Arizona State University, Sun Devil Stadium, Gammage Auditorium and Tempe Town Lake & Beach Park. Rates vary depending on length of stay. "We are pleased...