HFTP® Acquires Leading Hospitality Industry Brands: Hospitality Upgrade, Hotel-Online, The CIO Summit and The Executive Vendor Summit
Hospitality Financial and Technology Professionals | June 25th, 2024
Daly Seven Acquires Hilton Garden Inn Roanoke in Virginia
Daly Seven, Inc. | May 14, 2019
GREENSBORO, N.C., May 14, 2019 -- Daly Seven, Inc. announces acquisition of the company's 40th hotel, the Hilton Garden Inn Roanoke. The 80,000-square-foot, 117-room hotel offers travelers stunning views of the Roanoke Valley from the south-side of Roanoke, VA in the upscale community of South Peak. "We chose the Hilton Garden Inn Roanoke because we have considerable experience working with Hilton, and we are confident in our ability to successfully manage this beautiful hotel." The hotel marks the fourth Hilton Garden Inn in the Daly Seven hotel portfolio, with two other properties in Greensboro and one in Raleigh, NC. &q...
Mixed Travel Signals Ahead for Summer,& But Hotel Revenue Is There if You Want It
May 14, 2019
There is no shortage of mixed opinions on this summer's travel outlook. While some outlets project increases in rate and demand, we suggest you'd better make up your own mind. That's because rising averages don't always reflect independent owner operators, who are often left behind in the massive changes we are facing together as an industry. We were speaking to a good friend from China recently, and his outlook was that unless companies and hoteliers team-up together, new and existing threats to the industry will put the midscale & economy market at a significant disadvantage within 5 years. Just a few of the Key Irreversible Tr...
IHG’s Holiday Inn Express, Hilton’s Home2 Suites, and Marriott’s Fairfield Inn Claim 20% of U.S. Construction Pipeline Projects
Lodging Econometrics (LE) | May 14, 2019
May 13, 2019 – PORTSMOUTH, NH -- In the Lodging Econometrics (LE) first quarter report for 2019, analysts detailed the leading franchise companies and their brands in the construction pipeline. Leading in the pipeline is Marriott International with 1,499 projects/196,771 rooms and Hilton Worldwide with 1,386 projects/154,349 rooms, both at all-time record highs. InterContinental Hotels Group (IHG) follows with 980 projects/99,115 rooms. These three franchise companies alone comprise 68% of the projects in the total pipeline. The leading brands in the construction pipeline by project count for each of these three companies are IHG'...
CoralTree Hospitality Group to Manage Steamboat Springs’ 77-Room Ptarmigan Inn
CoralTree Hospitality Group | May 14, 2019
Steamboat Springs, Colo. – May 14, 2019 – The Ptarmigan Inn, the only true ski in/ski out resort in Steamboat Springs, has closed for the 2019 summer season to undergo a comprehensive $5 million renovation. Denver-based CoralTree Hospitality Group has added Ptarmigan Inn to its growing collection of distinctive, lifestyle resorts and hotels and will help oversee improvements to the 77-room local landmark. "The Ptarmigan Inn is one of Steamboat Ski Resort's original ski-in/ski-out hotels and enjoys an unparalleled location at the base of the mountain," said Tom Luersen, president of CoralTree Hospitality. "The renovation will...
Meyer Jabara Hotels Encouraging Associates to Think Big
Meyer Jabara Hotels | May 14, 2019
No idea is too small: Just ask the Stamford Marriott which hosted the 42nd annual American Crossword Puzzle Tournament – brainchild of the hotel's first Director of Sales [Danbury, Conn., May 14, 2019] — In 1977, Mike Dolan, director of sales for the new Stamford (Conn.) Marriott Hotel, had an idea. To help increase business on a slow winter weekend, Dolan approached Will Shortz, then editing crossword puzzles for Penny Press magazines in Stamford, with the idea of hosting a crossword tournament. Shortz, who today is best known as the "Puzzlemaster" for NPR and crossword editor of The New York Times, jumped at the offer. The...
Angie Hospitality Achieves International Certifications to Provide Hoteliers with Seamless Integration and Standards Compliance in Global Hospitality
Angie Hospitality | May 14, 2019
Certified status ensures that purpose-built voice-activated guest room virtual assistant meets regulatory standards for compatibility with hotel devices and services worldwide. San Jose, Calif. – May 14, 2019 – Angie Hospitality, developer of the industry's first 24-hour interactive guest room assistant purpose-built for the hotel environment, today announces its comprehensive 'global-ready' status, having received multiple authorizations and international certifications to operate in virtually every hospitality market around the globe. Combined with its original North American certifications for the US and Canada, Angie is ...
Now Available: The Q2 Hotel Digital Marketer’s Whitepaper
HEBS Digital | May 14, 2019
Now available for viewing and download, the Q2 2019 Whitepaper Edition: The Hotel Digital Marketer's Whitepaper, covers current trends and industry insights hoteliers should be paying attention to in order to have a strong digital presence. The whitepaper takes a deep dive into strategies that will help to reach different audiences through every phase of the travel planning journey. Read the Q2 2019 whitepaper to learn about: What's Trending: Stay in the loop with the need-to-know trends of the quarter, including video coming to Google responsive display ads, the rise of Snapchat advertising, and asymmetrical website designs. From th...
SHTM Joins Hands with China Outbound Tourism Research Institute to Offer New Online Training Programme for the Chinese Outbound Tourism Market
School of Hotel and Tourism Management | May 14, 2019
14 May 2019 -- The School of Hotel and Tourism Management (SHTM) of The Hong Kong Polytechnic University (PolyU) and the China Outbound Tourism Research Institute (COTRI) are joining hands to offer a new online training programme – the China Tourism Training (CTT). Aiming to become the Global Standard training in Chinese outbound tourism market, the CTT will offer five different tracks for tourism service providers. According to COTRI's forecast, 180 million trips will originate from Mainland China in 2019. With such large number, the market is obviously more and more fragmented, and different tourism service providers would need ...
Autograph Collection Hotels Welcomes Ireland’s National Treasure, The Shelbourne
The Shelbourne | May 14, 2019
Bethesda, Maryland (May 14, 2019) – Autograph Collection Hotels, Marriott International's diverse and dynamic portfolio of more than 170 independent hotels around the world, today announced the addition of The Shelbourne, the enduringly iconic hotel that's been at the heart of Dublin society since 1824. Proudly overlooking Dublin's grandest square, St. Stephen's Green, The Shelbourne is just a stone's throw from some of the city's most celebrated landmarks: Trinity College, parliament building Dáil Éireann, and the National Gallery. Recently renovated by Guy Oliver of design firm Oliver Laws, the timelessly elegant i...
IHCL Signs With Sincere Developers for a New Taj Hotel in Agra
The Indian Hotels Company Limited (IHCL) | May 14, 2019
Mumbai, May 14, 2019: The Indian Hotels Company Limited (IHCL), South Asia's largest hospitality company is pleased to announce a Taj branded hotel in Agra. This hotel is owned by Sincere Developers Pvt Ltd. under a management contract by Taj. Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer, IHCL said, "This signing further strengthens our leadership in the leisure portfolio, as aligned to Aspiration 2022. Agra is one of the key cities in the famed Golden Triangle circuit. With this established hotel migrating to the Taj brand, the company will offer a multiple choice of hotels in all the three cities of Delhi, Agra a...
Batten Down the Hatches: SHR Sets a New Course for the Future of Hotel Tech With Force10™
SHR | May 14, 2019
Already known for its popular Windsurfer® CRS and Booking Engine, SHR, Sceptre Hospitality Resources, is investing heavily on behalf of today's and tomorrow's hoteliers to bring them the most meaningful hotel tech yet. Originating from client conversations, SHR is turning wish lists into reality via Force10—an Artificial Intelligence (AI) engine that will utilize data from proprietary applications (CRS, RMS, and CRM to begin with) to generate optimized recommendations that increase the effectiveness of the apps, and ultimately create more revenue. How are they doing it? Rod Jimenez, CEO and Co-Founder of SHR, explains the visi...
Managing Beverage Inventory Is a Breeze at the Westin New York Times Square Thanks to Clear Sky Software
Clear Sky Software | May 14, 2019
CHARLOTTE, North Carolina – May 14, 2019 – Clear Sky Software, Inc. ® is pleased to announce that the Westin New York at Times Square has installed Clear Sky BEVERAGE, the company's beverage management system. This busy hotel chose Clear Sky Software to help control all beer, liquor and wine inventory. This system is a comprehensive, perpetual inventory system that tracks and controls all beverage products. Functions include purchasing, receiving, outlet transfers/issues/returns and physical inventory. Additional features allow management to report product fast-movers, slow- movers, cost variances, and order/vendor discr...
Sonnenblick-Eichner Company Arranges $21,000,000 of First Mortgage Leasehold Financing for Palihotel Seattle, Washington
Sonnenblick-Eichner Company | May 14, 2019
Beverly Hills, CA (May 14, 2019) – Sonnenblick-Eichner Company announced today that it has arranged $21 million of non-recourse first mortgage leasehold financing, on behalf of a partnership between Los Angeles based Lighthouse Investments, LLC and KCB Management, for the 96-room Palihotel Seattle. Operated by Palisociety, the hotel is located across the street from the world-famous Pike Street Market in downtown Seattle, WA. The newly renovated hotel opened in November of 2018 and the initial funding was sized to a debt yield less than 6% on the first year's projected net operating income. The five-year interim loan also provided...
North Point Hospitality Celebrates Topping Out of Hampton Inn & Suites by Hilton in Midtown Atlanta, Georgia
Hampton by Hilton | May 13, 2019
Atlanta, GA – May 13, 2019 – North Point Hospitality, an award-winning Atlanta based hotel development and operations company, celebrated the topping out of its Hampton Inn & Suites by Hilton Atlanta Midtown today. The 186-room hotel, located at 1231 West Peachtree Street, sits in the epicenter of the bustling midtown area on the corner of West Peachtree & 15th streets across from the Arts Center MARTA Station. The hotel is conveniently located near the Museum of Design Atlanta, SCAD Atlanta and the Woodruff Arts Center, home of the Atlanta Symphony, the High Art Museum and the Alliance Theatre. It is expected to open in early ...
Hospitality Financial Leadership: Engage Their Hearts and Minds First
David Lund | May 13, 2019
By David Lund Getting your hotel leadership team excited about accounting is like someone thinking it's fun to go to the dentist. Your average person wants nothing to do with it because they have a predisposed notion that it's yucky, boring and better left for someone who has a hard time walking and talking at the same time. What I have learned about getting your average hotel leader excited about the numbers is just the opposite. Let me explain. Hotel leaders ALL want to have the "financial where-with-all" to dazzle their peers. They know it's the secret sauce to propel their career. They all want their seat at the captain's table. Bei...
AJ Capital Partners Acquires 112-Key Hilton Garden Inn Across From University of Tennessee
AJ Capital Partners | May 13, 2019
Knoxville, Tenn. – Adventurous Journeys (AJ) Capital Partners announced today that it has acquired the Hilton Garden Inn on Cumberland Avenue across from the University of Tennessee. The hotel will operate independently as The Volunteer Hotel prior to and during renovations, which will begin in December 2019. Once complete in spring 2020, the 112-key hotel will debut as Graduate Knoxville, part of the Graduate Hotels® collection. Saloon 16, opening in partnership with University of Tennessee graduate and former NFL quarterback, Peyton Manning, will bring a western-inspired, high-end watering hole to Graduate Knoxville. The nam...
Aimbridge Hospitality to Assume Management of Canada’s Four Points by Sheraton Surrey
Aimbridge Hospitality | May 13, 2019
DALLAS, TEXAS (May 13, 2019) – Aimbridge Hospitality, North America's largest and most recognized independent hotel investment and management firm, announces it will soon assume the management of a Canadian Four Points by Sheraton in Surrey, British Columbia. Aimbridge Hospitality is focusing on expansion into Canada following the recent hiring of Ian McAuley as president overseeing development in the Canadian market. "We look forward to achieving the same pace of growth and success in Canada as Aimbridge Hospitality has experienced in the United States," said Ian McAuley, President, Canada, at Aimbridge Hospitality. The managemen...
JMBM’s Global Hospitality Chairman Jim Butler Will Speak About Hotel Investment at 2019 Institutional Real Estate Forum
May 13, 2019
By Jim Butler and the Global Hospitality Group® Authors of www.HotelLawBlog.com LOS ANGELES—Jim Butler, Chairman of JMBM's Global Hospitality Group®, along with Jack Westergom of Manhattan Hospitality Advisors, will speak at the 4th Annual West Institutional Real Estate Investor Forum on June 5, 2019 in San Francisco on the topic of hotel investment. They will also conduct a roundtable discussion for investors who may be new to the hotel investment. "Many institutional investors, family offices and other sophisticated real estate investors are looking to hotels to increase investment returns. While hotel investments can of...
Visit Tampa Bay Honors McKibbon Hospitality Chairman, John McKibbon, as Its 2019 Tourism Ambassador
McKibbon Hospitality | May 13, 2019
TAMPA, Fla. (May 13, 2019) – John McKibbon, chairman of McKibbon Hospitality, was named the 2019 Gonzmart Family Tourism Ambassador of the Year by Visit Tampa Bay during a luncheon ceremony at the Tampa Hilton Downtown on Tuesday. The event kicked off National Tourism Week. John McKibbon — the third-generation head of Tampa, Fla.-based McKibbon Hospitality, an industry leader in hotel development, management and renovation — was recognized for his contributions to the tourism industry in Tampa Bay. In 1991, he took the reins of McKibbon Hospitality, which currently manages 87 hotels representing 20 Marriott, Hilton, Hy...
Hotel Indigo® Debuts in Shakespeare’s Hometown of Stratford-upon-Avon
May 13, 2019
IHG® (InterContinental Hotels Group) is proud to announce the opening of Hotel Indigo® - Stratford upon Avon, marking the brand's debut in the heart of the historic market town. A slice of bygone England, Stratford-upon-Avon is a magnet to visitors from around the world who make the pilgrimage to visit the birthplace of William Shakespeare and marvel at one of the most famous theatres in the world; Royal Shakespeare Theatre. Hotel Indigo – Stratford upon Avon is home to 93 stylish guest rooms with designs inspired by the history of the local neighbourhood. Each guest room pays homage to the town's heritage, by using classi...
Wyndham Hotels & Resorts Partners With Wellworth Properties to Develop Wyndham Garden Hotel in Quezon City
May 13, 2019
QUEZON CITY, PHILIPPINES (May 13, 2019) – Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,200 properties worldwide, is bringing a fresh approach to hospitality in the Philippines with the launch of the country's first Wyndham Garden hotel in Quezon City. The new-construction Wyndham Garden Quezon City, located directly opposite the ABS-CBN communications and broadcasting center in the heart of Quezon City, Metro Manila, is expected to start welcoming guests in 2021. Upon opening, this modern 25-story hotel will feature 235 sleek and stylish rooms and suites, plus an extensive selection of ...
The U.S. Hotel Construction Pipeline Continues to Grow in the First Quarter as the Economy Shows Surprising Strength
Lodging Econometrics | May 13, 2019
May 13, 2019 – PORTSMOUTH, NH - At the end of the first quarter of 2019, analysts at Lodging Econometrics (LE) reported that the total U.S. construction pipeline continued to expand with 5,647 projects/687,941 rooms, up a strong 7% by projects and 8% by rooms year-over-year (YOY). Pipeline totals are a mere 236 projects, or 4%, shy of the all-time high of 5,883 projects/785,547 rooms reached in the second quarter of 2008. The record should be pierced later in the year. Conversions and renovations are already at record levels. Projects currently under construction stand at 1,709 projects/227,924 rooms with projects scheduled to sta...
HSMAI Foundation Partners With Hiring Our Heroes to Tackle Hospitality Industry’s Employment Deficit
The HSMAI Foundation | May 13, 2019
New Partnership will Implement Workforce Development Initiatives Targeting Military Spouses Mclean, Va. – May 13, 2019 – After recently announcing a new $3 million capital campaign and renewed mission to serve as the hospitality industry's unofficial employment brand, the Hospitality Sales and Marketing Association International (HSMAI) Foundation today introduced a new partnership with the U.S. Chamber of Commerce Foundation's Hiring Our Heroes initiative (HOH), in a joint effort to establish workforce development initiatives for military spouses. Both organizations will work together to identify new hospitality career oppo...
Radisson Hotel Group Signs With Stenson Investments Limited for Radisson Blu Hotel in Cyprus
May 13, 2019
Brussels/Nicosia - May 13, 2019 - Radisson Hospitality AB, part of Radisson Hotel Group, is proud to announce its entry into the capital city of Cyprus with the signing of the Radisson Blu Hotel, Nicosia. Building on an already-successful partnership, the new deal with Stenson Investments Limited as a subsidiary of Quality Group is part of the master development agreement with Sunnyseeker Hotels to develop a minimum of six hotels and resorts, bringing almost 1,000 rooms into operation by 2025. The Radisson Blu Hotel, Nicosia will be located on Salaminos Road in the city center, and walking distance from attractions such as the Aqueduct ...
