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CDC Houston’s Phase I Plan for Houston Springwoods Village Town Center Includes Full-Service Hotel
CDC Houston | August 6, 2013
HOUSTON - August 6, 2013 - CDC Houston, Inc., a subsidiary of Coventry Development Corporation, New York, announced today that the phase one development of Springwoods Village Town Center will include a full-service hotel, luxury apartments, office space and retail shops. Located adjacent to the ExxonMobil Springwoods Village campus, Town Center will be on Town Lake and will include a public plaza on the lakefront to make it a focal point for the Springwoods Village community and the region. Springwoods Village is a $10-billion, 1,800-acre, mixed-use community situated along the west side of Interstate 45 between Springwoods Village Par...
Agreement Finalized for Trump International Hotel, the Old Post Office Building, Washington, D.C.
August 6, 2013
Construction to Begin in Spring 2014, with Grand Opening Slated for the End of 2015 WASHINGTON, DC--(Aug 6, 2013) - Today, The Trump Organization finalized its deal with the U.S. General Services Administration (GSA) on plans to redevelop the iconic Old Post Office Building on Pennsylvania Avenue in Washington, D.C. now that Congressional review has finished. Donald J. Trump's wholly owned company, the TRUMP HOTEL COLLECTION™, is planning a $200-million redevelopment of this national landmark into a super-luxury hotel. The property will be managed by the award-winning TRUMP HOTEL COLLECTION as the new Trump® International Hotel, The ...
Carlson Rezidor to Open the 114-key Park Inn by Radisson Hotel Göttingen in Germany in Q4 2013
Rezidor Hotel Group | August 6, 2013
August 6, 2013 - Carlson Rezidor, one of the ten largest hotel groups worldwide, announces the Park Inn by Radisson Hotel Göttingen. The property featuring 114 keys and offering 4-star standard brings Carlson Rezidor's portfolio in Germany to 52 hotels with more than 11,000 rooms. It is scheduled to welcome the first guests in Q4 2013. "We are pleased to strengthen our German network and to extend the co-operation with our strategic franchise partner Provent. The Park Inn by Radisson Hotel Göttingen is our 6th joint hotel project, and we look forward to further growing our relationship", said Wolfgang M. Neumann, President & CEO a...
Chad Minton Appointed as Executive Chef for Andaz 5th Avenue in New York City
Andaz 5th Avenue | August 6, 2013
New York, (August 6, 2013) - Andaz 5th Avenue, the boutique lifestyle hotel in Midtown Manhattan, proudly announces the new executive chef of its seasonally inspired restaurant, the shop. Chad Minton, most recently Executive Chef at the acclaimed Ojai Valley Inn and Spa in California, joins the team at Andaz 5th Avenue this month. Chef Minton will also oversee the bar downstairs, located in the hotel's cellar and serving seasonal, pre-prohibition style cocktails and delectable Latin-style small plate dishes. The culinary offerings at the hotel's meetings, events and entertaining space, Apartment 2E, will also be under Chef Minton's tute...
MGM Resorts International Reports Q2 2013 Net Loss of $93 million; Domestic RevPAR Up 2.5%
MGM Resorts International | August 6, 2013
LAS VEGAS, Aug. 6, 2013 -- MGM Resorts International (NYSE: MGM) today reported financial results for the quarter ended June 30, 2013. Loss per share for the second quarter of 2013 was $0.19 compared to a loss per share of $0.30 in the prior year second quarter. Comparability of the current and prior year consolidated results was affected by certain items discussed below. View the full press release with supporting tables. "We continue to see broad-based Las Vegas improvement as our Strip EBITDA increased 15%, driven by a 7% increase in casino revenues and a 5% increase in hotel revenues," said Jim Murren, MGM Resorts International Cha...
Radisson Blu Aqua Hotel in Chicago Appoints Gordon Taylor III as Director of Sales and Marketing
Radisson Blu Aqua Hotel, Chicago | August 6, 2013
CHICAGO (Aug. 6, 2013) - The Radisson Blu Aqua Hotel, Chicago today announced Gordon A. Taylor III has been appointed as director of sales and marketing. In this role, Taylor provides leadership, direction, and management to the sales teams of the upper-upscale hotel to achieve all sales and revenue objectives. "Gordon's exceptional knowledge of the hospitality industry and out-of-the-box ideas make him a valuable asset to the Radisson Blu Aqua Hotel, Chicago," said General Manager Pierre-Louis Giacotto. "I am thrilled to have him join our team and I am confident he will help drive the hotel's continued success in years to come." Taylor...
Noble House Names Bruno Oakman as Executive Chef for The Commons Hotel in Minneapolis, Minnesota
Noble House Hotels & Resorts | August 6, 2013
SEATTLE, Wash. - August 6, 2013 - Noble House Hotels & Resorts (NHHR) proudly announces the appointment of Bruno Oakman as Executive Chef to The Commons Hotel, located close to downtown Minneapolis on the University of Minnesota campus. In this role, Oakman will oversee all culinary operations for the hotel and its signature restaurant, The Beacon Public House, which features superior regional cuisine and reinvented classic cocktails in a contemporary, gastro-pub setting. "We're extremely excited about the level of passion for savory cuisine that Chef Bruno Oakman brings to The Beacon Public House," said Duane Rohrbaugh, general man...
Sunstone Hotel Investors Reports Q2 2013 Net Income of $15.1 M; RevPAR Up 2.6%
Sunstone Hotel Investors | August 6, 2013
ALISO VIEJO, Calif., Aug. 5, 2013 -- Sunstone Hotel Investors, Inc. (the "Company" or "Sunstone") (NYSE: SHO) today announced results for the second quarter ended June 30, 2013. View the full press release with supporting tables. Second Quarter 2013 Operational Results (as compared to Second Quarter 2012) (1): •Adjusted Comparable Hotel RevPAR increased 2.6% to $156.78. ?Adjusted Comparable Hotel RevPAR increased 3.3% to $154.05 (excluding the following hotels in which significant renovations were underway and completed during the second quarter: Hilton Times Square, Hyatt Chicago Magnificent Mile, Hyatt Regency Newport Beach and Rena...
First Two Hotel Openings for EVEN™ Hotels Brand to be in Rockville, Maryland & Norwalk, Connecticut
August 6, 2013
ATLANTA, Aug. 6, 2013 -- IHG (InterContinental Hotels Group) [LON: IHG; NYSE: IHG (ADRs)] today announces the signing of two EVEN™ Hotels properties, confirming locations for the highly-anticipated first hotels and continuing development momentum for the holistic wellness brand. The hotels, located at 1775 Rockville Pike in Rockville, Md., and 426 Main Avenue in Norwalk, Conn., are strategically located in major feeder markets for Washington, D.C. and New York City, and are well-suited to meet the demands of the large population of wellness-minded people living in and traveling to those areas. "We are excited to add these two new prop...
Morgans Hotel Group Reports Q2 2013 Net Loss of $16.2 million; RevPAR Up 10.6%
Morgans Hotel Group | August 6, 2013
NEW YORK, Aug. 5, 2013 -- Morgans Hotel Group Co. (NASDAQ: MHGC) ("MHG" or the "Company") today reported financial results for the quarter ended June 30, 2013. View the full press release with supporting tables. Highlights Adjusted EBITDA was $12.6 million in the second quarter of 2013, a $6.2 million, or 98.0% increase over the same period in 2012, due primarily to an increase in EBITDA at Hudson. Operating margins at the Company's Owned Hotels and leased food and beverage operations increased approximately 600 basis points during the second quarter of 2013 as compared to the same period in 2012. Revenue per available room ("RevPA...
Why Data and Analytics is Revenue Management’s Reason for Being
EyeforTravel | August 6, 2013
August 6, 2013 - Revenue management professionals acknowledge that change is afoot and are gearing up to move with the times as the discipline enters new territory. Ritesh Gupta gets a look into the future in this exclusive interview with Ankur Randev of Highgate Hotels. In the next decade change in the discipline will accelerate, says Ankur Randev, vice president - revenue and distribution, Highgate Hotels. He believes the role of a revenue management professional will continue to evolve from rudimentary pricing and inventory management to having a more defined focus on total product management. This will include having responsibility ...
Ryman Hospitality Reports Q2 2013 Net Income of $16.4 M; RevPAR Down 3.9%; Updates Outlook for 2013
Ryman Hospitality Properties | August 6, 2013
NASHVILLE, Tenn.--Ryman Hospitality Properties, Inc. (NYSE: RHP), a lodging real estate investment trust ("REIT") specializing in group-oriented, destination hotel assets in urban and resort markets, today reported financial results for the second quarter ended June 30, 2013. View the full press release with supporting tables. Colin V. Reed, chairman, chief executive officer and president of Ryman Hospitality Properties, stated, "We continued to face near-term challenges in the second quarter, as the headwinds related to the management transition to Marriott, as well as overall weakness in the group sector, impacted our results. As comm...
Hospitality Properties Trust Reports Q2 2013 Net Income of $37.3 million; RevPAR Increased 7.1%
Hospitality Properties Trust | August 6, 2013
NEWTON, Mass.--Hospitality Properties Trust (NYSE: HPT) today announced its financial results for the quarter and six months ended June 30, 2013. View the full press release with supporting tables. Results for the Quarter Ended June 30, 2013: Normalized funds from operations, or Normalized FFO, for the quarter ended June 30, 2013 were $108.6 million, or $0.78 per share, compared to Normalized FFO for the quarter ended June 30, 2012 of $93.0 million, or $0.75 per share. Net income available for common shareholders was $37.3 million, or $0.27 per share, for the quarter ended June 30, 2013 compared to $27.0 million, or $0.22 per share, fo...
Hotel Westminster Expands Relationship with Infor
Hotel Westminster | August 6, 2013
Infor EzRMS Simplifies Revenue Management for Luxury Hotel in France NEW YORK - Aug. 6, 2013 - Infor, a leading provider of business application software serving more than 70,000 customers, today announced that the Hotel Westminster, a luxury hotel situated on center of the Promenade des Anglais in Nice, has selected Infor EzRMS to manage the property's revenue management function. The Hotel Westminster is an existing Infor customer for property management (PMS), and the cloud-functionality of the Infor EzRMS application is expected to help the Hotel Westminster drive faster turnover and higher profit margins and increase revenue to ac...
Grace Hotels Adds Mayflower Inn & Spa in CT and Sister Hotel The White Barn Inn in ME to Portfolio
August 6, 2013
NEW YORK, Aug. 6, 2013 -- Grace Hotels, the privately owned luxury boutique hotel group, has announced a partnership with an affiliate of Three Wall Capital LLC to acquire the celebrated five diamond/five star Mayflower Inn and Spa in Washington, Connecticut. Under the agreement Grace Hotels will become the majority owner of the Mayflower and will manage the hotel under the Grace brand which now has a presence on five continents. In a move designed to bring together under one marque some of the finest hotel, spa and restaurant properties in New England, the international boutique hotel group has also announced that its sister hotel, The...
Daniel Entenberg Appointed General Manager of Gramercy Park Hotel in New York
Gramercy Park Hotel | August 6, 2013
August 6, 2013 (New York, NY) - Gramercy Park Hotel in the Flatiron District of New York City, has announced the appointment of Daniel Entenberg as General Manager. Drawing on more than a decade of experience in the luxury hotel business, including success at stylish addresses in New York, Los Angeles and Las Vegas, Entenberg is responsible for all operations at the historic property set a stone's throw from the only private park in Manhattan. Gramercy Park Hotel is the third Manhattan address that Entenberg has worked with since he launched his career at W New York Hotel in 2001. He arrived from W New York Times Square, where he spent ...
Chesapeake Lodging Trust Reports Q2 2013 Net Income of $14.6 M; ProForma RevPAR Up 7.7%
Chesapeake Lodging Trust | August 6, 2013
ANNAPOLIS, Md.--Chesapeake Lodging Trust (NYSE:CHSP), a lodging real estate investment trust (REIT), reported today its financial results for the quarter ended June 30, 2013. View the full press release with supporting tables. HIGHLIGHTS Pro Forma RevPAR: 7.7% increase for comparable 19-hotel portfolio over the same period in 2012. Pro Forma Adjusted Hotel EBITDA Margin: 170 basis point increase for comparable 19-hotel portfolio over the same period in 2012. Acquisitions: Acquired the 410-room W New Orleans for $65.0 million, the 313-room Hyatt Fisherman's Wharf for $103.5 million, and the 200-room Hyatt Santa Barbara for $61.0 mil...
Cornell Quarterly Study Finds Increasing Balance in Online Hotel Reviews
Cornell Hospitality Quarterly | August 6, 2013
Ithaca, NY, August 6, 2013 - The popular view of online hotel reviews is that many are unfairly negative, but a new study published in the Cornell Hospitality Quarterly (CQ) finds that as more reviews are posted on a site, the overall tone becomes more balanced. The study, "Online Customer Reviews of Hotels: As Participation Increases, Better Evaluation Is Obtained," by Santiago Melián-González, Jacques Bulchand-Gidumal, and Beatriz González López-Valcárcel, is the featured article in the August 2013 CQ. The journal is published by Sage Publishing on behalf of the Cornell School of Hotel Administration. The authors, who are all on ...
Owned and Managed by CDB Hospitality, the 118-suite Springhill Suites Opens in Coeur D’alene, Idaho
SpringHill Suites by Marriott | August 6, 2013
Coeur d'Alene, Idaho - August 6, 2013 - The 118-suite SpringHill Suites by Marriott in Coeur d'Alene, Idaho opened on Monday, August 5, 2013. Located at 2250 West Seltice Way, the SpringHill Suites Coeur d'Alene will operate as a Marriott franchise, owned and managed by CDB Hospitality, LLC of Spokane, Washington. Located two miles from downtown, 35 miles from Spokane International Airport and five minutes from one of the most beautiful lakes in the world, Lake Coeur d'Alene, the hotel offers guests convenient access to Centennial Trail, the Spokane River, and Silverwood Theme Park. Rates are seasonal. "We're delighted that the SpringHi...
Watermark Hotel Group Taps ZDirect for Hotel Marketing Automation in Australia
ZDirect | August 6, 2013
A successful eCRM program at the Watermark Hotel & Spa Gold Coast has the luxury hotel company extending ZDirect's ZMail® electronic communication platform to its Watermark Hotel Brisbane property [HALLANDALE BEACH, FL- AUGUST 6, 2013] - When the Australian division of Watermark Hotel Group needed to replace its outdated and labor-intensive eMarketing software, they turned to hotel marketing automation specialist ZDirect. Today, the ZMail® electronic communication platform is installed at the Watermark Hotel & Spa Gold Coast, and soon it will roll out to the Watermark Hotel Brisbane, making "the most refreshing hotel experien...
Chatham Lodging Reports Q2 2013 Net Income of $2.2 M; RevPAR Up 2.6%
Chatham Lodging Trust | August 6, 2013
PALM BEACH, Fla.---Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) that owns wholly or through its joint venture approximately $1.5 billion of premium-branded, upscale, extended-stay and select-service hotels, today announced results for the second quarter ended June 30, 2013. Second Quarter 2013 Highlights Hotel RevPAR – Rose 2.6 percent to $115 for the 20 hotels owned for the entire quarter. Excluding the Washington D.C. hotel, which currently is being renovated/rebranded, comparable RevPAR grew 6.1 percent (excluding the recently acquired Hyatt Place, RevPAR rose 5.3 percent). Adjusted EBITDA –...
UniFocus Donates Guest Survey System to The Hole in the Wall Gang Camp
The Hole in the Wall Gang Camp | August 6, 2013
August 6, 2013 - The Hole in the Wall Gang Camp is looking to amplify the experiences of the campers' families through the use of UniFocus' Survey Solutions, which will allow the Camp to gain insight from parents who attend their "Change of Pace Experience (COPE)" weekend programs to support their strategy to become a more research-based organization. UniFocus is proud to contribute its services free of charge to support the Camp's and community's efforts to lift the morale of parents of seriously ill children. GUESTScope provides the camp with the tools they need to deliver on their mission. Through the COPE program, the Camp strives t...
Personal Choice Holds Career Women Back Professionally More than Glass Ceiling Reveals New Study
HVS | August 6, 2013
A new study by HVS Executive Search and appearing in the August issue of the Cornell Hospitality Quarterly surveyed nearly 100 executive men and women in the hospitality industry about the traditional glass ceiling. Two key findings from this executive survey suggest an important shift in workplace trends: Men and women agree on home and career: Out of six categories of personal priorities, both sexes rated family first and career third. Men do not seem more career-focused than women, and women do not seem more household-focused than men. Personal choice outweighs the glass ceiling: Household and family responsibilities were rated as...
Great Revenue Management Isn’t a 9-5 Job
Duetto | August 6, 2013
by Anuj Jenveja, Director of Customer Success, Duetto August 6, 2013 Hotels do not receive bookings on a 9 to 5 basis. Reservations are made all times of day and night, shifting rate structures and demand patterns at hotels, even while hotel management sleeps. Pricing, therefore, and price optimization, are not "9 to 5" functions - they take place 24 hours a day, 7 days a week. Yet we've all seen properties, where a revenue manager only monitors the property during regular business hours five days a week. Once 5 p.m. hits, they clock out and either hand over the keys to overworked front desk staff, or they don't do anything at all. This...
