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Hotel Equities Selected to Operate New Fairfield Inn & Suites in Scottsbluff, Nebraska
Hotel Equities | April 25, 2016
Atlanta, GA–April 25, 2016– Atlanta-based Hotel Equities recently announced its selection as the management firm for the new-build Fairfield Inn & Suites by Marriott at 902 Winter Creek Drive in Scottsbluff, Nebraska. Opened in late March, the hotel welcomes business travelers and tourists visiting the tristate area of Nebraska, Wyoming and Colorado. It is easily reached by air from Denver, Colorado; Cheyenne, Wyoming and Rapid City, South Dakota. "We are excited to expand our management portfolio with the addition of our first property in the state of Nebraska," said Joe Reardon, Sr. Vice President of Marketing and Busi...
Top Cities in the World for Hotel Construction
Lodging Econometrics | April 15, 2016
April 15, 2016 – PORTSMOUTH, NH – According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the top five cities with the largest construction pipelines in the world by room count are: New York with 34,788 Rooms/204 Projects; Seoul with 28,223 Rooms/132 Projects; Dubai with 27,194 Rooms/94 Projects; Shanghai with 23,245 Rooms/115 Projects; and Jakarta with 22,463 Rooms/128 Projects. All of these pipelines showed room count increases in 2015, with the exception of Jakarta which was down slightly. ...
Hotel Equities and Scenic Capital Advisors Break Ground on Fairfield Inn & Suites in Terrell, Texas
Hotel Equities | April 14, 2016
Atlanta, GA and Terrell, TX–April 14, 2016– Atlanta-based Hotel Equities and Scenic Capital Advisors broke ground on the new-build Fairfield Inn & Suites by Marriott at 351 Market Center Drive in Terrell, Texas on April 7, 2016. Hotel Equities serves as the management company for the hotel under development by owner Scenic Capital Advisors. Thomas Chen, Principal of Scenic Capital Advisors, served as host along with representatives from Hotel Equities including Nahren Youkhana, Regional Director of Sales, and Yanbo Zhu, Regional Revenue Manager. Dignitaries at the event included The Honorable Hal Richards, Mayor of Terre...
Conrad Hotels & Resorts Signs Management Agreement with ASSETS for New Hotel in Doha, Qatar
Assets Real Estate Development | April 13, 2016
DOHA, Qatar and MCLEAN, Va. - 13 April 2016 - Conrad Hotels & Resorts, Hilton Worldwide's (NYSE: HLT) luxury hotel portfolio for the new smart luxury traveller, today announced the signing of a management agreement with Assets Real Estate Development Company for the 325 guestroom Conrad Doha, expected to open in early 2019. Carlos Khneisser, vice president of development, Middle East & North Africa, said, "Momentum for growth in Qatar's hospitality offering continues at a strong rate, owing to the significant focus being put on the country's future as a truly international destination, in line with Qatar's 2030 Vision. We ar...
The Global Hotel Construction Pipeline Tops 11,000 Projects
Lodging Econometrics | April 6, 2016
April 6, 2016 – PORTSMOUTH, NH – According to the latest Global Construction Pipeline Trend Report from Lodging Econometrics (LE), the worldwide Pipeline is at 11,130 Projects/1.9 million Rooms, the highest level LE has ever recorded. The Global Pipeline is up 9% Year-Over-Year (YOY) by both projects and rooms, led by significant growth in the United States which has the world's largest pipeline. Globally there are 5,287 Projects/986,913 Rooms Under Construction, up 1% by projects and 3% by rooms. Projects scheduled to Start Construction in the Next 12 Months, at 3,041 Projects and 440,632 Rooms, increased significantly, up ...
Hotel Equities Names Jemel Jones as General Manager for DoubleTree DFW Arlington South
Hotel Equities | March 30, 2016
Atlanta, GA–March 30, 2016 – Atlanta-based Hotel Equities announced Jemel Jones as the General Manager of the all-new DoubleTree by Hilton DFW Arlington South, in Arlington, Texas. Mr. Jones has responsibility and oversight for the operations, food & beverage, sales & marketing and revenue management strategies. The hotel is located at 1507 N. Watson Road in Arlington, just south of the Dallas-Ft. Worth metro area and within close proximity to all the Arlington area has to offer. "Jemel brings expertise in full service hotel management to this hotel that is currently completing a full renovation and conversion to the...
Hotel Equities Names Roger Miller Vice President of Sales & Marketing
Hotel Equities | March 21, 2016
Industry veteran brings multi-brand full service, resort expertise and relationships to firm's leadership ATLANTA, GA (March 17, 2016) – Atlanta-based Hotel Equities (HE) recently named Roger A. Miller the Vice President of Sales & Marketing for the firm. A veteran of more than 20+ years in multi-unit hotel sales and marketing, Mr. Miller brings full service and select service brand expertise and leadership to his new position including a background in training, coaching and mentoring. In addition, he has a solid history of building collaborative business partnerships with owners, lenders, investors, asset managers and multip...
U.S. Clears Marriott to Engage in Business Development in Cuba
Marriott International, Inc. | March 21, 2016
Company in Discussions to Pursue Hospitality Agreement BETHESDA, MD and HAVANA, CUBA, March 21, 2016 – Marriott International, Inc. (NASDAQ:MAR) said today that the the Office of Foreign Assets Control (OFAC) of the U.S. Department of the Treasury has approved Marriott International's application to pursue a business transaction in Cuba, and that the company is in discussions to develop a hospitality relationship with potential partners. The announcement was made during President Obama's historic trip to Cuba, marking the first time in more than 80 years a sitting U.S. president has visited the country. Marriott President and Chie...
Marriott Counters – Starwood Accepts
Marriott International, Inc. | March 21, 2016
BETHESDA, Md. and STAMFORD, Conn., March 21, 2016 -- Starwood's Board of Directors determined that revised terms from Marriott constitute a superior proposal compared to previously announced offer by Consortium led by Anbang Insurance Group. Increased cash consideration to $21.00 for each share of Starwood common stock. Revised exchange ratio of 0.80 shares of Marriott common stock for each share of Starwood common stock. Targeted annual G&A synergies increased to $250 million run-rate. Marriott and Starwood special stockholder meetings to be held on April 8, 2016 with transaction closing planned for mid-2016. Marriott ...
Marriott International Responds to Starwood’s Notice of Merger Termination
Marriott International, Inc. | March 18, 2016
Bethesda, MD, March 18, 2016 – Marriott International, Inc. (NASDAQ: MAR) has been informed by Starwood Hotels and Resorts Worldwide (NYSE: HOT), and Starwood has announced publicly, that the Starwood Board of Directors has determined that it considers an Anbang consortium proposal to acquire Starwood to be a "Superior Proposal" to Marriott's existing merger agreement with Starwood. Starwood has further informed Marriott that it intends to terminate the merger agreement with Marriott unless Marriott and Starwood agree on revisions to their merger agreement that Starwood's board of directors determines to be superior to the Anbang ...
DS Hospitality Taps Hotel Equities to Manage New Courtyard by Marriott in Dripping Springs, TX
Hotel Equities | March 16, 2016
Atlanta, GA–March 16, 2016 – Atlanta-based Hotel Equities announced its selection as the management firm for the new-build Courtyard by Marriott in Dripping Springs, Texas, just 25 miles west of Austin Texas. The Courtyard by Marriott will begin construction in April with opening expected in the second quarter of 2017. Hotel Equities will work directly with ownership and design and through the construction process to ensure a great hotel for this thriving market. HE will also work in market closely with Marriott and the community to ensure all pre-opening training and hiring are in place prior to opening. DS Hospitality, LLC...
Hotel Equities Names Jackie Edmonds Regional Director of Sales in Texas Office
Hotel Equities | March 7, 2016
ATLANTA, GA (Manager March 7, 2016) – Atlanta-based Hotel Equities (HE) named Jackie Edmonds the Regional Director of Sales to the firm's regional office in Plano, Texas. She will report to Drew Salapka, Vice President of Sales & Revenue Generation. Ms. Edmonds works with a defined number of properties in the Hotel Equities' portfolio to assist, support and direct the sales efforts in those hotels. She also conducts training for the Directors of Sales at their respective hotels. "Jackie brings both longevity and a proven record of success in sales to our firm," said Mr. Salapka. "She has a depth of knowledge and experience wit...
Hotel Equities Selected to Operate Fairfield Inn & Suites by Marriott in Colorado Springs, Colorado
Hotel Equities | February 25, 2016
Atlanta, GA–February 25, 2016 – Atlanta-based Hotel Equities (www.hotelequities.com) recently announced its selection as the management firm for the Fairfield Inn & Suites by Marriott in Colorado Springs, Colorado. Catherine Ramirez serves as the General Manager. "Expanding our management portfolio into Colorado is of significant importance to our firm as we expand to the west," said Joe Reardon, Senior Vice President of Marketing and Business Development for Hotel Equities. "The Colorado Springs location appeals not only to Air Force Academy visitors and business travelers but to tourists and vacationers as well. O...
Hotel Equities Selected to Manage Atlanta/Airport Full Service Hotel and its Conversion to a Four Points by Sheraton
Hotel Equities | February 16, 2016
Atlanta, GA–February 16, 2016– Atlanta-based Hotel Equities recently announced its selection as the management firm that will also assist in the design and processing of the renovation of the 190-key full service hotel off Camp Creek Parkway to a Four Points by Sheraton, a Starwood brand. Located at 3520 North Desert Drive, at Camp Creek Parkway and I-285, the hotel will undergo a multi-million-dollar renovation during the next six months for a mid-summer opening. The hotel will feature over 5,000 square feet of meeting space, a new restaurant concept and well-appointed rooms and suites making it an ideal spot for both busin...
IHG and Proud Resort Phuket Co., Ltd Partner for New Intercontinental Phuket Resort
IHG | February 15, 2016
15 February, 2016 - IHG® (InterContinental Hotels Group) today announced the signing of a management agreement with Proud Resort Phuket Co., Ltd to develop InterContinental Phuket Resort, as part of a luxury community project, MontAzure, in the most exclusive area on Phuket's stunning west coast marking InterContinental Hotels & Resorts' debut on Thailand's largest island. Scheduled to open in 2019, the luxurious InterContinental Phuket Resort is located on Kamala Beach, between Millionaire's Mile and the Amanpuri headland, one of the island's most popular destinations and perfect for travellers looking for a relaxing and luxuri...
Hotel Development Partners Bringing New Residence Inn to the Perimeter Area, North of Atlanta
Hotel Development Partners | February 2, 2016
ATLANTA – One of the last undeveloped quadrants along the Perimeter business district's primary commercial corridor is under construction. Owned and developed by Hotel Development Partners, the 4.8-acre site that surrounds the existing Spruill Center for the Arts is soon to be home to the area's newest Marriott-branded hotel, an internationally renowned Brazilian steakhouse and other dining and shopping amenities. The Shopping Center Group is leasing the site that is located at the signalized intersection of Ashford Dunwoody and Meadow Lane Roads. "Ashford Dunwoody continues to serve as the Perimeter market's primary commercial co...
U.S. Hotel Construction and Number of Hotel Transactions at Highest Point in 8 Years
Lodging Econometrics (LE) | January 25, 2016
Jan. 25, 2016 – PORTSMOUTH, NH - According to the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), the total U.S. Hotel Construction Pipeline ended 2015 with 4,413 Projects/546,135 Rooms. This is the highest year-end total since 2008, but still below the 2007 cyclical high of 5,438 Projects/718,387 Rooms. There are 1,312 projects currently Under Construction, up 226 projects or 21% Year-Over-Year (YOY). Projects scheduled to Start in the Next 12 Months, at 1,926 Projects, have shown significant increases, adding 575 projects and are up 43% YOY. Projects in Early Planning, with 1,175 projects,...
Hotel Equities Taps Former Hilton Executive Steve Crabill for Vice President of Business Development
Hotel Equities | January 21, 2016
ATLANTA, GA (January 21, 2016) –Atlanta-based Hotel Equities (HE) recently tapped Steve Crabill to join the firm as Vice President of Business Development. Mr. Crabill was most recently with Hilton Worldwide serving as Vice President & Managing Director, Franchise Development for all Hilton brands in the Southeast Region, with the exception of luxury brands. In a hospitality career that spans 30 years, Mr. Crabill has developed or led teams responsible for opening over 1,000+ hotels throughout the southeastern United States. He has held leadership positions with three major hotel companies, including Hilton Worldwide, Marriott...
IHG Appoints Michael Torres Vice President, Corporate Communications, The Americas
IHG | January 13, 2016
ATLANTA – 13 January 2016 – InterContinental Hotels Group (IHG), one of the world's leading hotel companies, has named Michael Torres Vice President of Corporate Communications, The Americas. Torres will provide strategic counsel to protect and enhance the reputation of IHG and its family of brands for the region, which includes the U.S., Canada, Latin America and the Caribbean. As the chief communications officer, he will serve on the Americas Regional Executive Committee and be based in Atlanta. Torres will oversee internal and external corporate communications, including employee/organizational, crisis/issues management, ...
Hotel Equities Adds Two Regional Directors of Operations: Joe Sebestyen and Tim Goodman
Hotel Equities | January 7, 2016
ATLANTA, GA (January 07, 2016) –To manage its growing portfolio of assets, Atlanta-based Hotel Equities (HE) added two Regional Director of Operations positions to its infrastructure and tapped industry veterans Joe Sebestyen and Tim Goodman to its roster of leaders. Mr. Sebestyen and Mr. Goodman report to Rob Cote, the firm's Vice President of Operations. Each has responsibility for the oversight of multiple brands in his assigned region of the country. An award-winning and successful hotel management professional with more than 30 years of operational and sales experience, Joe Sebestyen oversees a portfolio of the firm's hotels ...
Managed by Hotel Equities the 70-room Fairfield Inn & Suites Houston-Pasadena Nears Opening in Texas
Fairfield Inn & Suites by Marriott | January 4, 2016
Pasadena, Texas - January 4, 2016 - The 70-room Fairfield Inn & Suites by Marriott in Pasadena, Texas is scheduled to open this Friday with its smart, inventive public space and guest room design, and its bright and inviting décor. Located at 3640 East Sam Houston Parkway South, the Fairfield Inn & Suites Houston-Pasadena will operate as a Marriott franchise, managed by Hotel Equities of Atlanta, Georgia. This is the newest Fairfield Inn & Suites in the area to feature the brand's new design and décor, which enhance the guest experience through flexible features, and a warm and welcoming environment. Locate...
The 92-suite Residence Inn Lake Charles in Louisiana is Now Open for Business
Residence Inn by Marriott | December 28, 2015
Lake Charles, Louisiana - December 28, 2015 - The 92-suite Residence Inn by Marriott in Lake Charles, Louisiana is now open for business. Located at 1591 West Prien Lake Road, the all-suite Residence Inn Lake Charles will operate as a Marriott franchise, owned by LA Creole Hospitality 1 and managed by Hotel Equities of Atlanta, Georgia. Located just minutes from downtown Lake Charles and five miles from Chennault International Airport, the Residence Inn Lake Charles offers its guests convenient access to the Golden Nugget Casino and L'Auberge Casino Resort. "We are pleased to introduce Residence Inn hotels in the Lake Charles a...
U.S. Hotel Openings Forecast to Accelerate in the Next Two Years According to Lodging Econometrics
Lodging Econometrics | December 28, 2015
Dec. 28, 2015 - PORTSMOUTH, NH - Analysts at Lodging Econometrics (LE) report that new hotel openings in the United States will accelerate over the next two years. This year the U.S. is scheduled to open a total of 742 new hotels. Based on the current construction Pipeline, 845 hotels are forecast to open in 2016 with another 998 hotel openings in 2017. LE says that the growth in new hotel openings from 2016 to 2017 will be led by three major franchise companies, which are forecast to brand 67% of all new openings: Marriott International with 456 hotel openings, Hilton Worldwide with 406, and Intercontinental Hotels Group (IHG) with 374....
U.S. Hotel Construction at Highest Point Since 2009
Lodging Econometrics | December 22, 2015
Dec. 22, 2015 - PORTSMOUTH, NH - According to a recent United States Construction Trend Report from Lodging Econometrics, the total Pipeline is at 4,055 Projects, the highest point since the second quarter of 2009. There are 1,192 Projects currently Under Construction, up 12% Year-Over-Year (YOY). Projects scheduled to Start in the Next 12 Months have shown even greater growth, up 28% YOY, and are now at 1,755 Projects. Projects Under Construction and projects scheduled to Start in the Next 12 Months are both at their highest points since 2009. Projects in Early Planning, up 3% YOY, has 1,108 projects. ...
