Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3rd, 2024
Kimpton San Antonio Celebrates Its Topping Out on Schedule
Kimpton Hotels & Restaurants | July 20th, 2023
DoubleTree Resort by Hilton Myrtle Beach Oceanfront Debuts Following Property-Wide Renovation and Expansion
Integrated Capital LLC | September 15, 2016
MYRTLE BEACH, S.C. - Hilton (NYSE: HLT) today welcomes the 30-acre DoubleTree Resort by Hilton Myrtle Beach Oceanfront in Myrtle Beach, South Carolina, as the latest addition to the DoubleTree by Hilton portfolio of 465+ hotels after a property-wide renovation and expansion project of the resort. Formerly known as the Springmaid Beach Resort, the seaside hotel now boasts a 20,000 square-foot main building, ocean view restaurant and lounge, "grab & go" snack area and outdoor entertainment terrace. "From the area's 100+ golf courses to Springmaid Pier's world-class fishing and surfing, there are many reasons Myr...
21c Museum Hotels to Accelerate Expansion Following Formation of Joint Venture; Infusion of $250 Million Allows for Future Developments
21c Museum Hotels | September 15, 2016
Louisville, Kentucky. (September 15, 2016) -- 21c Museum Hotels and Junius Real Estate Partners ("Junius"), a specialized real estate investment unit of J.P. Morgan Private Bank, announced today that Junius Hospitality Partners ("JHP"), a fund managed by Junius, has made an investment in 21c Museum Hotels. Under the agreement, JHP will deploy dedicated capital toward building or acquiring properties for 21c's expansion. As part of the transaction, JHP will own a minority stake in the operating company. "21c is positioned for meaningful growth," said 21c Museum Hotels Co-Founder and CEO, Steve Wilson. "We have devoted significant time an...
Seoul, Jakarta and Tokyo Top Cities in Asia with Largest Hotel Construction Pipeline
Lodging Econometrics | September 14, 2016
September 14, 2016 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports that, excluding China, the top three cities in Asia with the largest hotel construction pipelines by rooms are: Seoul with 26,008 Rooms/124 Projects, Jakarta with 21,390 Rooms/122 Projects, and Tokyo with 12,029 Rooms/54 Projects. Excluding China, the leading franchise companies in Asia's Hotel Construction Pipeline are: InterContinental Hotels Group (IHG) with 26,211 Rooms/116 Projects, Marriott International with 25,912 Rooms/110 Projects and Starwood Hotels & Resorts with 25,632 Rooms/115 Projects. The leading brand for each of the top three franc...
Hotel Construction Pipeline in the Asia Pacific Region Declines with Projects Down 6% YOY
Lodging Econometrics | September 13, 2016
September 13, 2016 – PORTSMOUTH, NH – According to the recent Asia Pacific Construction Pipeline Trend Report from Lodging Econometrics (LE), excluding China, the region has 1,539 Projects/308,792 Rooms, down 6% by projects and 4% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, excluding China, the Asia Pacific Pipeline has 864 Projects/179,056 Rooms, down 4% by projects and 3% by rooms YOY. There are 285 Projects/60,349 Rooms Scheduled to Start Construction in the Next 12 Months, down 4% by projects and 11% by rooms. Projects in Early Planning, 390 Projects/69,387 Rooms, are down 11% by projects and ...
IHG Appoints Ranjay Radhakrishnan Chief Human Resources Officer
Ranjay Radhakrishnan | September 8, 2016
InterContinental Hotels Group (IHG), one of the world's leading hotel companies, today announces that Ranjay Radhakrishnan has been appointed Chief Human Resources Officer. He will join the business on 1st December and will become a member of IHG's Executive Committee, replacing Tracy Robbins who stepped down from the role in January 2016. Mr. Radhakrishnan joins IHG from Unilever, where he has spent 23 years in a range of senior leadership roles at global, regional and country levels. He is a member of Unilever's Human Resources (HR) Leadership team and his most recent role was as Executive Vice President Global HR (Categories & Ma...
Developer BLT and Salamander Hotels & Resorts Reimagine Historic NOPSI Building as New Orleans Luxury Hotel
Salamander Hotels & Resorts | September 8, 2016
Former New Orleans Public Service, Inc., HQ will reopen in spring 2017 as NOPSI Hotel, New Orleans – a 217-room luxury property NEW ORLEANS (September 8, 2016) – The historic headquarters of the former New Orleans Public Service, Inc., (NOPSI) is being reinvented as a luxury 217-room hotel called NOPSI Hotel, New Orleans. Located in the city's vibrant Central Business District on the corner of Baronne and Union streets, the nine-story brick building originally opened in 1927. It will reopen as NOPSI Hotel in spring 2017 after a meticulous restoration returns each space to its previous splendor, including the building's stre...
Hotel Equities Opens DoubleTree in Dallas-Fort Worth Following Renovation and Rebranding
Hotel Equities | September 7, 2016
Atlanta and Arlington, TX–September 7, 2016 – Atlanta-based Hotel Equities announced the opening of the DoubleTree by Hilton Arlington DFW South in the Dallas suburb of Arlington, Texas. Located in the Entertainment District of the Dallas-Ft. Worth metroplex, the property recently completed a renovation. The DoubleTree by Hilton Arlington DFW South marks the fourth property under management by Hotel Equities in Dallas and a total of 12 hotels under management in the state of Texas. It lies within a three-mile radius of the DFW Airport, Globe Life Park, Six Flags over Texas and AT&T Stadium, home of the Dallas Cowboys. Je...
One Third of Upper Upscale Construction Pipeline Has Yet to Make a Branding Decision
Lodging Econometrics | September 6, 2016
September 6, 2016 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the Upper Upscale category in the U.S. Hotel Construction Pipeline is at 66,303 Rooms/307 Projects. About one third, 20,974 Rooms/101 Projects, have yet to make a branding decision. Of the 45,329 Rooms/206 Projects that have already made a branding decision, the franchise companies with the largest room-counts are Hilton Worldwide with 15,061 Rooms/78 Projects, Marriott International with 14,381 Rooms/56 Projects and Starwood with 5,839 Rooms/28 Projects. Hilton's two largest brands in the Upper Upscale Construction Pipeline are: Embassy S...
Hotel Equities Selected to Operate Newly-Renovated Fairfield Inn & Suites in Alamogordo, New Mexico
Hotel Equities | September 1, 2016
ATLANTA–September 1, 2016–Atlanta-based Hotel Equities recently announced its selection as the management firm for the newly-renovated Fairfield Inn & Suites by Marriott in Alamogordo, New Mexico. Conveniently located next to 2,900 square feet of convention space, the hotel welcomes business travelers and tourists visiting the scenic Southwest on the edge of the Lincoln National Forest near the San Andres Mountains. White Sands National Monument and Holloman Air Force Base are both within a short drive. Nearby Desert Lakes Golf Course attracts players and visitors for tournaments or just a casual game. "We are excited to...
Hotel Construction Pipeline Growth in Canada Steady with Projects Up by 10% YOY
Lodging Econometrics | August 31, 2016
August 31, 2016 – PORTSMOUTH, NH – According to the latest Canada Construction Pipeline Trend Report from Lodging Econometrics (LE), the Total Pipeline ended Q2 2016 with 208 Projects/25,177 Rooms, up 10% by projects and 9% by rooms Year-Over-Year (YOY). This is the 4th consecutive quarter where the pipeline shows YOY growth. There are 71 Projects/9,888 Rooms currently Under Construction. Projects Scheduled to Start Construction in the Next 12 Months are at 79 Projects/8,904 Rooms and projects in Early Planning are at 58 Projects/6,385 Rooms. ...
New U.S. Hotel Openings Up for 2016 with Marriott Leading Q2 with 53 Hotels
Lodging Econometrics | August 29, 2016
August 29, 2016 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports that 902 Hotels/101,454 Rooms are expected to open in the United States by the close of 2016, up from 736 Hotels/82,074 Rooms opened in 2015. Through the second quarter of 2016, 380 Hotels/42,798 Rooms have already opened, with another 522 Hotels/58,656 Rooms forecast for the remaining two quarters. LE forecasts that New Hotel Openings will jump to 1,099 Hotels/120,418 Rooms in 2017. Marriott has the most New Hotel Openings of any franchise company in the second quarter of 2016 with 53 Hotels/5,959 Rooms. Fairfield Inn is Marriott's top brand for New Hotel ...
New 115-Room Fairfield Inn & Suites by Marriott Set to Open in Uptown Cincinnati, Ohio
Fairfield Inn & Suites by Marriott | August 25, 2016
Cincinnati, OH – August 25, 2016 – The 115-room Fairfield Inn & Suites by Marriott in Cincinnati, Ohio is scheduled to open on Friday, September 2, 2016 with its smart, inventive public space and guest room design, and its bright and inviting décor. Located at 2500 South Market Street, the Fairfield Inn & Suites Cincinnati Uptown/University Area will operate as a Marriott franchise, owned by Hotel Development Services, LLC and managed by American Hospitality Management, Inc. of Cheboygan, Michigan. This is the newest Fairfield Inn & Suites in the area to feature the brand's new design and décor, whi...
IHG Appoints Jacque Riley as Brand Director, Kimpton Hotels & Restaurants Europe
IHG | August 25, 2016
InterContinental Hotels Group® (IHG), one of the world's leading hotel companies, is pleased to announce the appointment of Jacque Riley, Brand Director, Kimpton Hotels & Restaurants Europe. The newly created role will report directly to Tom Rowntree – VP Brand Management, Luxury & Boutique Brands, Europe, and begin with immediate effect. IHG acquired Kimpton Hotels & Restaurants in 2015 and recently announced the signing of Kimpton Paris as the second Kimpton within Europe. The signing of Kimpton Amsterdam was announced in January 2016. Jacque's appointment is a result of the success of developing the Kimpton bra...
Los Angeles Leads U.S. Pipeline in Early Planning Projects with 36 Hotels on the Drawing Board
Lodging Econometrics | August 23, 2016
August 23, 2016 – PORTSMOUTH, NH – According to the recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), Los Angeles has 104 Projects/17,912 Rooms in the pipeline. There are 28 Projects/6,030 Rooms Under Construction, 40 projects/5,539 Rooms Scheduled to Start Construction in the Next 12 Months and 36 Projects/6,343 Rooms in Early Planning. At 36 Projects/6,343 Rooms, Los Angeles has the largest number of Early Planning projects of any market in the Construction Pipeline. Of these, 20 Projects/4,372 Rooms have yet to make a branding decision, the largest of which is a 1,000-Room project dow...
Dallas Pipeline Growth Continues with 128 Projects Under Construction, Scheduled and Planned
Lodging Econometrics | August 19, 2016
August 19, 2016 – PORTSMOUTH, NH – Lodging Econometrics reports that according to its most recent Construction Pipeline Trend Report, Dallas has 128 Projects/15,682 Rooms in the pipeline, the third highest in the U.S. Projects Under Construction are at 40 Projects/5,170 Rooms, those Scheduled to Start Construction in the Next 12 Months are at 68 Projects/8,334 Rooms while those in Early Planning are at 20 Projects/2,178 Rooms. Second only to Nashville, Dallas added the most projects Year-Over-Year (YOY) to its pipeline with 27 Projects/2,771 Rooms. Under Construction added 19 Projects/2,303 Rooms, up 90% by projects YOY and ...
Houston, Texas Leads in Projects to Start Construction in the Next 12 Months
Lodging Econometrics | August 18, 2016
August 18, 2016 – PORTSMOUTH, NH – Houston has 170 Projects/20,083 Rooms in the Hotel Construction Pipeline according to Lodging Econometrics (LE). Of all markets, Houston has the most projects Scheduled to Start Construction in the Next 12 Months with 87 Projects/9,771 Rooms. Other project stage totals consist of 49 Projects/6,692 Rooms Under Construction and 34 Projects/3,620 Rooms in Early Planning. With 29 projects Scheduled to Start Construction in the Next 12 Months, InterContinental Hotels Group (IHG) has the most scheduled projects of all franchise companies in Houston. Marriott International and Hilton Worldwide are...
New York is Top Market for New Hotel Openings in 2016 According to U.S. Construction Pipeline Trend Report
Lodging Econometrics | August 17, 2016
August 17, 2016 – PORTSMOUTH, NH – According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the markets expecting the largest number of New Hotel Openings in 2016 are: New York with 46 Projects/7,129 Rooms, Houston with 36 projects/4,145 Rooms, Dallas with 25 Projects/3,014 Rooms, Miami with 21 Projects/2,638 Rooms and Austin with 19 Projects/2,176 Rooms. In the first half of 2016, the U.S. opened 380 Hotels/42,798 Rooms. 116 of these hotels and 17,084 of the rooms were in the top 25 markets, representing 31% of all hotels and 40% of the rooms opened in the first half. ...
Top U.S. Hotel Construction Markets Include New York, Houston, Dallas, Nashville, and Los Angeles
Lodging Econometrics | August 16, 2016
August 16, 2016 – PORTSMOUTH, NH – Lodging Econometrics (LE) reports that the five U.S. markets with the largest hotel construction pipelines by project count are: New York with 196 Projects/32,121 Rooms; Houston with 170 Projects/20,083 Rooms; Dallas with 128 Projects/15,682 Rooms; Nashville with 109 Projects/13,789 Rooms; and Los Angeles with 104 Projects/17,912 Rooms. New York has continuously had the largest project count since the fourth quarter of 2011 while Houston has had the second largest for the last ten consecutive quarters. ...
New York City Leads U.S. Construction Pipeline with 196 Projects/32,121 Rooms
Lodging Econometrics | August 15, 2016
August 15, 2016 – PORTSMOUTH, NH – Analysts at Lodging Econometrics (LE) report that the New York City Hotel Construction Pipeline is at 196 Projects/32,121 Rooms. It is the largest pipeline in the U.S. New York City also has the highest number of projects Under Construction with 103 Projects/19,010 Rooms, 53% of New York's Total Pipeline. Projects Scheduled to Start in the Next 12 Months are at 62 Projects/8,868 Rooms, while Early Planning stands at 31 Projects/4,243 Rooms. Marriott International has the most pipeline projects Under Construction of any franchise company in New York City with 22 Projects/5,526 Rooms, the lar...
U.S. Construction Still Climbing
Lodging Econometrics | August 10, 2016
August 10, 2016 – PORTSMOUTH, NH – According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. Construction Pipeline ended Q2 2016 with 4,633 Projects/569,848 Rooms, up 15% by projects and 12 % by rooms Year-Over-Year (YOY). This is the 15th consecutive quarter of pipeline growth. There are 1,381 Projects/184,167 Rooms currently Under Construction, up by 237 projects or 21%. Projects Scheduled to Start in the Next 12 Months, at 2,198 Projects/249,103 Rooms, are up 480 projects, 28%. Projects in Early Planning with 1,054 Projects/136,578 Rooms are down by 122 project...
Hotel Equities Names Wesley Ludloff as General Manager for Island House Hotel in Orange Beach, Alabama
Hotel Equities | August 3, 2016
Atlanta, GA–August 03, 2016 – Atlanta-based Hotel Equities announced Wesley Ludloff as the General Manager of the Island House Hotel, a 161-room beach front, full service property in Orange Beach, Alabama. The hotel begins a comprehensive renovation following the summer season converting to a DoubleTree by Hilton. Located at 26650 Perdido Beach Blvd. in Orange Beach, Alabama, the hotel overlooks sugar sand and the turquoise Gulf in the heart of Orange Beach's finest golf, fishing, restaurant and shopping. Just a short drive from the Pensacola International and Mobile Regional Airports, it is conveniently accessible to bo...
IHG Reports First Half 2016 Interim Results: Achieved a 10% Increase in Operating Profit
IHG | August 2, 2016
Financial summary1 Reported Underlying2 2016 2015 %Change 2016 2015 %Change Revenue $838m $915m (8)% $771m $736m 5% Fee revenue3 $673m $656m 3% $687m $656m 5% Operating profit $344m $337m 2% $345m $313m 10% Adjusted EPS 89.0¢ 87.2¢ 2% 89.4¢ 80.3¢ 11% Basic EPS4 87.7¢ 156.2¢ (44)% - - - Interim dividend per share 30.0¢ 27.5¢ 9% - - - Net debt $1,829m $1,710m 7% - - - 1All figures before exceptional items unless otherwise noted. 2Excluding owned asset disposals, managed leases and significant liquidated damages; at constant H1 2015 exchange rates (CER). Underlying adjusted EPS based on underlying EB...
Marriott International Reports Q2 2016 Net Income of $247 million, a 3% Increase Over Prior Year Results
Marriott International, Inc. | July 28, 2016
Highlights: Second quarter reported diluted EPS totaled $0.96, a 10 percent increase over prior year results. Excluding transition and transaction costs related to the Starwood acquisition, second quarter adjusted diluted EPS totaled $1.03, an 18 percent increase over prior year results; North American comparable systemwide constant dollar RevPAR rose 3.2 percent in the second quarter. On a constant dollar basis, worldwide comparable systemwide RevPAR rose 2.9 percent in the second quarter; At the end of the second quarter, Marriott's worldwide development pipeline increased to more than 285,000 rooms, including approximately 33,...
Hilton Reports Q2 2016 Net Income of $244 million, an Increase of $77 million from Q2 2015; Outlines Progress on Spin-Offs
Hilton | July 27, 2016
MCLEAN, Va. - Hilton Worldwide Holdings Inc. ("Hilton," "Hilton Worldwide" or the "Company") (NYSE: HLT) today reported its second quarter 2016 results. Highlights include: EPS, adjusted for special items, was $0.25 for the second quarter; without adjustments, EPS was $0.24 Net income for the second quarter was $244 million, an increase of $77 million from the same period in 2015 Adjusted EBITDA for the second quarter was $806 million, an increase of 4 percent from the same period in 2015, and Adjusted EBITDA margin increased 100 basis points System-wide comparable RevPAR increased 2.9 percent for the ...
