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
Europe’s Economic Recovery and Construction Pipeline May Face New Challenges
Lodging Econometrics | October 14, 2015
European economies have been slow to recover from the Great Recession but began to gain momentum in early 2014. Today, optimism about the economy is more tempered as the economic shockwaves from China's downturn and those of its major trade partners may threaten Europe's fledgling recovery. Overall, the investment climate has changed markedly as much of Europe is now in a reactionary mode, on the watch for further economic and political headwinds. Since early 2014 the hotel construction pipeline has experienced five consecutive quarters of modest YOY improvements and has grown to 890 Projects/143,744 Rooms (Chart 1), the highest...
Lodging Econometrics Reports Eight Straight Quarters of Year-Over-Year U.S. Pipeline Growth
Lodging Econometrics | October 13, 2015
OCT. 13, 2015 - PORTSMOUTH, NH - According to a recent United States Construction Pipeline Trend Report from Lodging Econometrics, the Pipeline has now posted eight straight quarters of Year-Over-Year (YOY) growth and recorded double-digit increases in each of the last four quarters. The Construction Pipeline is at 4,038 Projects/507,221 Rooms, up more than 20% YOY by room count. The Pipeline is 29% below the 2008 high of 5,883 Projects/785,547 Rooms. Analysts at Lodging Econometrics say that the number of New Project Announcements entering the Pipeline is accelerating and think that the hotel real estate cycle has about two more years ...
Hotel Equities Rolls Out Full Service & Resorts Division, Taps Dominic Buompastore as Vice President
Hotel Equities (HE) | October 6, 2015
ATLANTA, GA (October 6, 2015) - In response to its dynamic growth, Atlanta-based Hotel Equities (HE) announced the formation of the firm's Full Service & Resorts Division and named long-time industry veteran Dominic Buompastore as the Vice President of Operations, Full Service & Resorts. Mr. Buompastore reports to Chuck Powell, Senior Vice President of Operations. Mr. Buompastore's responsibilities include oversight of all full service and resort operations including renovation and design, as well as food and beverage for the firm's portfolio. He works closely with Hotel Equities' executive team, as well as the R...
IHG Names Two New Area General Managers for North and South Regions of South West Asia
IHG (InterContinental Hotels Group) | October 5, 2015
New Delhi, India, October 05, 2015: InterContinental Hotels Group (IHG), one of the world's leading hotel companies, has announced the appointment of Arindam Kunar as Area General Manager, South India and Greesh Bindra as Area General Manager, North India. In his new role, Arindam is responsible for driving the performance of IHG's hotels in South India. This includes the company's two hotels in Kochi: Crowne Plaza Kochi and Holiday Inn Kochi; Crowne Plaza Bengaluru Electronics City, and the latest addition to the IHG family, Holiday Inn & Suites Bengaluru Whitefield. The company's two hotels due to open in Chennai over ...
Survey by Partners NATHIC & Lodging Econometrics Finds High Interest in Buying/Developing Hotels
Lodging Econometrics | October 1, 2015
Miami, Fla., October 1, 2015—Officials of the North American Tourism & Hospitality Investment Conference (NATHIC) in conjunction with Lodging Econometrics, the lodging industry's leading consulting partner for global real estate intelligence, today announced that respondents to a survey of hotel owners and investors found high interest in both buying and building hotels-signifying a continuation of the current Lodging Real Estate Cycle. The survey includes responses from hoteliers who currently are "active" in the market. The 7th annual NATHIC event will be held November 4-6 at the Fontainebleau Hotel in Miami. NATHIC is a par...
Hotel Equities Names Jason Caughron GM for Hampton Inn & Suites by Hilton Dunwoody/Perimeter Center
Hotel Equities | September 23, 2015
An early 2016 opening is planned for the 132-key North Atlanta hotel Atlanta, GA - September 23, 2015 - Atlanta-based Hotel Equities announced the hiring of Jason Caughron as the General Manager of the new Hampton Inn & Suites by Hilton Dunwoody/Perimeter Center in North Atlanta. Mr. Caughron has responsibility for overseeing the management of all operations at the hotel including food & beverage concepts plus sales, marketing and revenue management strategies. He will also execute timelines and oversee all activities to prepare the hotel for opening. Hotel Development Partners, based in Dunwoody, owns the 132-room hotel under c...
Travelers Predict Future of Travel: Face Recognition Technology, Hologram Personal Trainers & More
Marriott | September 22, 2015
The Top 10 Ways Travel Will Change: Results Revealed in New Survey from Marriott Rewards Credit Card from Chase WILMINGTON, Del.--September 22, 2015--A new survey unveiled today by Marriott Rewards Credit Card from Chase asked Americans to imagine the near future and predict what the travel experience could look like. Their top predictions reveal some surprises. "As travel becomes more advanced, we are making it easier for travelers to earn credit card reward points for the trips they are taking today, and to put toward their future travel." From unique travel experiences to putting the real in virtual reality, American travelers are...
Hilton Worldwide Honors Top Hotel Owners in the Americas with Annual Development Awards
Hilton Worldwide | August 31, 2015
McLean, Va., August 31, 2015 — Hilton Worldwide (NYSE: HLT) today announced honors for its top annual development awards in the Americas. Awards are presented in five categories across the company's portfolio of hotels, including: Developer of the Year, Best Conversion, Deal of the Year, Outstanding Achievement and Lifetime Achievement. Recipients are recognized based on criteria ranging from total number and quality of hotels developed to impact on community and fastest construction time. Once nominated, the finalists are chosen by Hilton Worldwide's global brand heads. "We are proud to celebrate the achievements of these valued ...
Hotel Equities Selected to Manage Courtyard Lake Placid, NY and Hampton Inn Bennington, VT
Hotel Equities | August 25, 2015
Atlanta, GA–August 26, 2015 – Atlanta-based Hotel Equities recently announced its selection as the management firm for the Courtyard by Marriott in Lake Placid, New York and the Hampton Inn by Hilton in Bennington, Vermont. Gordon Properties, based in Albany, New York, owns both hotels. Located in scenic resort areas, the hotels draw both leisure and business guests throughout the year. The 96-room Courtyard by Marriott Lake Placid delivers a wide variety of amenities and friendly service with a welcoming "Adirondack" ambiance. The Hampton Inn by Hilton Bennington, nestled between the Green and the Taconic Mountains, offers proximi...
Conor Acquisitions Purchases 96-room Courtyard by Marriott East Lenox Park in Memphis, Tennessee
Hotel Equities | August 20, 2015
Fort Myers, FL and Memphis, TN–August 20, 2015 –Conor Acquisitions recently announced the purchase of the 96-room Courtyard by Marriott East Lenox Park in Memphis, Tennessee. Jonathan Williams serves as the General Manager. "The acquisition of this hotel reinforces our commitment to create a truly nationwide presence for Conor," said Mike Patel, Conor's Chief Investment Officer. "We are looking for value-added properties beyond the southeast that will both benefit their local communities and afford Conor many opportunities for success. "Because of Conor's unique ability to reposition and convert projects, we have a strong vision for...
Hotel Equities Names Humberto ‘Bert’ Allegue Director of Sales at Residence Inn Miami Beach/Surfside
Hotel Equities | August 11, 2015
ATLANTA, GA (August 11, 2015) - Atlanta-based Hotel Equities (HE) www.hotelequities.com named Humberto "Bert" Allegue the Director of Sales for the Residence Inn by Marriott Miami Beach/Surfside, Florida. The unique, resort-style hotel with 175 suites is scheduled to open in late fall 2015. Mr. Allegue has responsibility for initiating sales and implementing the marketing strategy for both corporate and leisure market sales for this one-of-a-kind Residence Inn. He generates new business and builds relationships with clients by capitalizing on the hotel's unique amenities and services. Mr. Allegue works closely with Sean McKeen, the hote...
Hotel Development Partners & Ares Management Acquire Three Hotels in Charleston, S.C.
Hotel Development Partners | August 11, 2015
Transaction Brings Total Hotels Jointly Owned by HDP & Ares to 10 August 11, 2015 - ATLANTA & LOS ANGELES - Hotel Development Partners (HDP) and funds managed by the real estate group of Ares Management, L.P. (NYSE:ARES) recently announced the purchase of three select service hotels with a total of 248 rooms in North Charleston, South Carolina. The well-positioned hotels include two carrying the Marriott brand—the Residence Inn by Marriott Charleston North/Ashley Phosphate and the Fairfield Inn & Suites by Marriott Charleston North/Ashley Phosphate—as well as a third that is part of the Choice Hotels portfolio of brands...
Transaction Volume Moves Higher. Earnings Are Robust
Lodging Econometrics | August 10, 2015
August 10, 2015 - PORTSMOUTH, NH - Hotel transaction volume increased modestly in the first half of 2015 as privately held equity funds and hotel companies continued their disposition strategies. For 1H 2015 transactions and property transfers trended upward to 807 hotels caused by a substantial increase in portfolio sales. Single-asset transactions actually declined for the period and there was no M&A activity recorded. Investors are basking in the fifth consecutive year of double-digit earnings growth and although the rate of growth is slowing. They do not foresee a top-out of earnings for a least another two to three years. Howe...
Hotel Development Partners & Ares Management Acquire Three Hotels in Charleston, S.C.
Hotel Development Partners | August 6, 2015
ATLANTA, GA & LOS ANGELES, CA (August 6, 2015) – Hotel Development Partners (HDP) and funds managed by Ares Management, L.P. (NYSE: ARES) recently announced the purchase of three select service hotels with a total of 248 rooms in North Charleston, South Carolina. The well-positioned hotels include two carrying the Marriott brand—the Residence Inn by Marriott Charleston North/Ashley Phosphate and the Fairfield Inn & Suites by Marriott Charleston North/Ashley Phosphate—as well as a third that is part of the Choice Hotels portfolio of brands. Clustered together in an area just 15 minutes from Historic Downtown Cha...
Hotel Equities to Manage SpringHill Suites by Marriott Navarre Beach on the Florida Panhandle
Hotel Equities | August 5, 2015
Atlanta, GA–August 5 2015 – Atlanta-based Hotel Equities (www.hotelequities.com) recently announced its selection as the management company for a $30 million, 161-room SpringHill Suites by Marriott in Navarre Beach on the Florida panhandle. Located at 8375 Gulf Boulevard, the six-story hotel will provide a one-of-a-kind experience for leisure and business travelers alike. American Fidelity Life Insurance Company (AFLI) serves as the hotel's development company and is known for its community vision and for developing impressive custom-built hotels with a strong focus on beachfront properties. This unique, resort-style SpringHill Suit...
Hotel Equities Promotes Elizabeth Derby, Jeff Shockley to Expanded Roles
Hotel Equities | July 28, 2015
ATLANTA, GA (July 28, 2015) – To support its unprecedented growth in 2015, Atlanta-based Hotel Equities (HE) www.hotelequities.com announced promotions and the expansion of leadership roles for Elizabeth Derby and Jeff Shockley, two of its key executives. The firm promoted Elizabeth Derby to Vice President of Talent and Performance Excellence. Jeff Shockley increases his focus on owner relations and retains the title of Vice President of Acquisitions & Financial Analysis. In a role critical to the firm's growth, Ms. Derby oversees the transitioning of hotels into the portfolio through operations, onboarding and retention of talent...
IHG Signs Sixth InterContinental® Hotel in France: InterContinental® Bordeaux – Le Grand Hotel
IHG | July 27, 2015
July 27, 2015 - InterContinental Hotels Group (IHG), one of the world's leading hotel companies, announces the signing of InterContinental® Bordeaux - Le Grand Hotel, France. The hotel will operate under a management agreement with Financière Immobilière Bordelaise. Opening later this year, the hotel will be IHG's sixth InterContinental® Hotels & Resorts property in France, cementing its position as the largest luxury hotel brand in Europe. InterContinental Bordeaux - Le Grand will join InterContinental® Paris - Le Grand, InterContinental® Paris - Avenue Marceau, InterContinental® Marseille - Hotel Dieu, InterContinental® Ca...
Five Evolving Trends in Building Operations
Ron Segura | July 15, 2015
By Ron Segura Green and Sustainability Issues at the Top of the List San Francisco, CA - The concerns of large facilities are always evolving, according to Ron Segura, president of Segura Associates. His company helps organizations, such as Stanford University, Adobe Systems, Stryker Medical, and others, operate their facilities in a healthier, more sustainable, and efficient manner. "Sometimes their focus is on cost reduction," Segura says. "This was very true during the recession but now these larger organizations are more focused on other issues." Segura says it is important that jansan industry professionals are aware of this so the...
Hotel Equities Promoted Kathy Taudte to Corporate Controller of the Firm
Hotel Equities | July 8, 2015
ATLANTA, GA (July 8, 2015) –Atlanta-based Hotel Equities (HE) www.hotelequities.com promoted accountant Kathy Taudte to the position of Corporate Controller of the firm. Her responsibilities include oversight of the accounting and financial functions for the firm, staff supervision and owner relations. She reports to Carlos Melgar, Vice President of Finance for Hotel Equities. "Kathy has a proven track record with us as a highly skilled and diligent accountant," said Carlos Melgar, Vice President of Finance for Hotel Equities. "Her knowledge and understanding of the hospitality industry's financial area and her dedicated work ethic ma...
Lodging Econometrics Reports Asia has Largest Regional Pipeline in the World as Construction Soars
Lodging Econometrics | June 18, 2015
June 17, 2015 - PORTSMOUTH, NH - The Total Asia Pacific Construction Pipeline is at 4,284 Projects/871,480 Rooms at the end of the first quarter. It also is the largest regional Pipeline in the world and has the highest number of projects and rooms ever recorded in any region by Lodging Econometrics. An astounding 71 percent of all projects in the Pipeline, 3,046 Projects/598,958 Rooms, are currently Under Construction. The Asia Pacific region has more rooms Under Construction than all other regions of the world combined. More than a quarter of these projects are in the Economy chain scale, a proportion much greater than observed in ot...
ZENO’s Guest Experience Interface Connects Front Office Staff to Environmental Controls
June 11, 2015
New building automation tools from Zeno Controls LLC are equipping even the smallest properties with the equipment they need to monitor important engineering data; See ZENO Controls at HITEC in the Viconics / Schneider Booth #2133 [BUFFALO, NY - JUNE 11, 2015] - Today Zeno Controls LLC is putting sensor data in the hands of the people that impact the guest experience . . . the hotel staff. Using Zeno's InnPoint® Guest Experience Interface, data that normally is reserved for back-of-house areas is now available for guestrooms. InnPoint uses a Supervisory Control and Data Acquisition (SCADA) system that collects data points from anywher...
Hotel Equities Names Bauchrowitz to Regional Director of Operations
Hotel Equities | June 4, 2015
ATLANTA, GA (June 3, 2015) –Atlanta-based Hotel Equities (HE) www.hotelequities.com recently named Erika Bauchrowitz to the position of Regional Director of Operations. She reports to Rob Cote, the firm's Vice President of Operations. Erika has responsibility for the oversight of multiple brands in her region including Georgia, Florida, Louisiana and Missouri. "Erika's role comes as a direct result of Hotel Equities' robust growth to over 90 properties in the first four months of 2015, " said Mr. Cote. "Erika's leadership, guidance and focus on success is critical to the success of the properties in her region. We continue to strength...
AWH Partners and Building and Land Technology Purchase Doubletree by Hilton Orlando at Sea World
AWH Partners, LLC | May 28, 2015
Partnership Acquires 1,004-Room Orlando Resort in an Off-Market Acquisition and Plans Renovations and Meeting Space Expansion to Add Value NEW YORK (May 28, 2015) - AWH Partners, LLC, a privately held real estate investment, development and management firm, in partnership with Building and Land Technology, a privately held, vertically integrated, real estate private equity, development and property management firm, announce today the off-market acquisition of the 1,004-room DoubleTree by Hilton Orlando at Sea World. This is the second hotel acquisition for the partnership following the acquisition of the 536-room Dallas Westin Park Cent...
U.S. Pipeline Growth Continues to Accelerate as Operating Metrics Hit Record High
Lodging Econometrics | May 19, 2015
May 19, 2015 - PORTSMOUTH, NH - Now at 3,885 Projects/488,230 Rooms, the Total Construction Pipeline has shown seven consecutive quarters of growth, with the last three quarters posting Year-Over-Year (YOY) gains of 20% or greater. The Pipeline is approximately half way though the expansion phase of the current real estate cycle but is still a third below the peak of 5,883 Projects/785,547 Rooms established in the first quarter of 2008. The Pipeline has at least two more years of rapid growth ahead before entering the maturity, or "topping out," phase of the cycle. US Construction Pipeline Projects Under Construction and those Schedule...
