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Shangri-La Group Forms Joint Venture With Samty Group for a Luxury Hotel in Kyoto, Japan
Shangri-La Group | May 5, 2021
Hong Kong – May 5, 2021 – Shangri-La Group announced a new joint venture with Samty Co., Ltd to develop a luxury hotel in Kyoto, Japan. The location of the proposed hotel is just north of the Nijo Castle, a UNESCO World Heritage Site, one of the most popular tourist destinations in Kyoto. It is conveniently situated just four kilometers north of Kyoto Station, one of the main gateways into the city. This hotel will be Shangri-La Group’s second hotel in Japan, after Shangri-La Tokyo. “We are thrilled with this new partnership with Samty Group,” said Shangri-La Group Chief Executive Officer Lim Beng Chee. “This project brings toge...
NOUN Hotel Breaks Ground in Norman, Oklahoma
NOUN HOTEL | May 5, 2021
NORMAN, OKLAHOMA – May 5, 2021 – Managing partner Scott Lambert is pleased to announce NOUN Hotel, a premiere four-story boutique hotel, has broken ground and is expected to welcome its first guests in summer 2022. Located in downtown Norman at 542 South University Boulevard on Campus Corner next to the University of Oklahoma, NOUN Hotel will feature 92 modern guest rooms, including two luxurious 900-square-foot suites, a signature restaurant and bar, an intimate speakeasy bar, a banquet room for up to 150, boardroom, an outdoor/indoor bar, and on-site parking. NOUN Hotel will be managed by Lambert, who will drive the hotel’s develop...
Developing a People-First Approach to Mergers and Acquisitions
Jeff Venza | May 5, 2021
By Jeff Venza For many, change is a terrifying concept – especially when it comes to business. But what we so often forget is that, although uncomfortable, change is the inevitable catalyst to transformation and innovation. Sometimes, the most disruptive moments in our respective careers are the ones that derive the most meaning, setting us on course for incredible development and professional alignment. And contrary to popular belief, mergers and acquisitions can represent precisely that kind of moment. Historically, the hospitality industry is both resistant to change and notorious for it. We are a firmly rooted sector in a traditio...
Core Hospitality Opens Moxy Hotel in Bergen, Norway
Core Hospitality | May 5, 2021
Today, affordable lifestyle brand Moxy Hotels opens on the waterfront of Bergen, Norway. The highly anticipated hotel is now ready to welcome fun hunting guests, both locals and visitors of the city. Moxy Hotels, Marriott International’s experiential brand for young and young-at-heart, is now open in world heritage city and gateways to the fjords of Norway, Bergen. Moxy Bergen is characterized by its vibrant, playful design, providing the perfect location to explore the city’s cultural heritage and a breathtaking backdrop with sea views. The hotel consists of 199 guest rooms with premium bedding, a 55” TV with Chromecast, designer am...
ProfitSword Demonstrates the Cost Savings of Business Intelligence for Hotels With Newly Published White Paper
ProfitSword, LLC | May 5, 2021
White paper analyzes how hoteliers can save thousands of dollars each month while reducing business planning errors and maximizing efficient use of employee time. ORLANDO, Fla. – May 5, 2021 – ProfitSword, a premier developer of business intelligence and data integration software, has announced the publishing of a white paper focusing on how hoteliers can save themselves from thousands of dollars in operational expenses when deploying an advanced business intelligence platform. Now freely available for hospitality professionals to download from the ProfitSword website, the new white paper takes a step-by-step approach to demonstrate p...
California Cannabis Tourism Association (CCTA) Evolves to Cannabis Travel Association International
Cannabis Travel Association International (CTAI) | May 5, 2021
Santa Rosa, Calif. — May 5, 2021 — The California Cannabis Tourism Association (CCTA) founded in 2017 is changing its name-- as well as its geographic focus-- to the newly branded Cannabis Travel Association International (CTAI). The new web site www.CannabisTravelAssociation.org launched this week. Formed to promote the development of safe and responsible cannabis tourism, unify the cannabis and tourism industries, and advocate for an enabling regulatory environment and promoting best practices in the cannabis space, the Association is evolving as a response to the global movement to integrate cannabis and tourism ecosystems. ...
Aemilia Hotel Deploys BeyondTV GuestCast to Cater to Latest Demands in Contactless Guestroom Entertainment
BeyondTV | May 5, 2021
Italian hotel leverages BeyondTV certification program with LG Business Solutions to provide guests with hassle-free and secure access to streaming subscriptions. MILAN — May 5, 2021 — BeyondTV (BTV), a full-service provider of guestroom entertainment services and solutions for the hospitality industry, has announced the successful implementation of its BeyondTV GuestCast streaming solution at the Aemilia Hotel in Bologna, Italy. Installed by LB Sistemi, one of the first LG Business Solutions vendors to receive BeyondTV dealer Certification in the region, BeyondTV GuestCast will ensure that the Aemilia Hotel can securely meet growi...
The Current State of the Hospitality Industry
ROBERT RAUCH | May 5, 2021
By Bob Rauch Where is the Hospitality Industry as of Spring 2021? Current conditions in the state of the hospitality industry include leisure travel, employee challenges and reinvented guest programming. While I do not know how we are going to pay for the government spending plans, I do know that in the short-term, we will see huge growth in gross domestic product with some forecasters projecting over 6% for this year. Lenders are back in the game and traffic on the roads seems to me like an increase in business overall. To date, all of the hotel business, by and large, is leisure business. Longer weekends...
Our Town Hospitality Partners With IDeaS for Greater Profitability, Efficiency and Agility
IDeaS | May 5, 2021
U.S. hotel group selects proven revenue technology leader to give its independent properties a competitive edge MINNEAPOLIS — May 5, 2021 — IDeaS, a SAS company, the world’s leading provider of hotel revenue management software and services, announced today its new partnership with Our Town Hospitality, beginning with the implementation of IDeaS G3 Revenue Management System (RMS) at two of the hotel group’s independent properties. Our Town recognized the importance of implementing an RMS now before demand returns. It selected IDeaS to empower its revenue recovery strategy, adapt as conditions shift and position its hotels to run m...
Hotels, After Tough Year, Are Back in Investors’ Sights
JLL | May 4, 2021
Capital-raising and hotel sales highlight investor optimism for the sector’s recovery Hotel investment is gaining momentum amid improving prospects for travel. Blackstone Group and the Starwood Group in March bought hotel operator Extended Stay America for US$6 billion, the largest deal in the U.S. since COVID-19 hit. In Madrid, German investor Commerz Real acquired an office building at city’s airport with intentions to convert it into a 280-room hotel branded by Zleep Hotels. In a recent JLL survey, 70 percent of investors said they will be targeting hotels in Asia Pacific. Global hotel investment is expected to increase up to 35...
In a World of Mobile Lifestyles and Remote Working, What Role Will Hotels Play?
Kimberly Yoong | May 4, 2021
By Kimberly Yoong, Borivoj Vokrinek At a time when many of the world’s events continue to be plagued by COVID-19, making plans even a week in advance may seem difficult, much less 10 years into the future. Nearly overnight, the dialogue shifted from “where to for lunch?” to “can you hear me?”. And as hotels emptied out and travel restrictions drag on, many may wonder, where lies the future of hotels? To answer this question, it is first important to recognize that the hotel sector does not exist as an individual silo, but one which forms part of a much wider network: the ecosystem of how we live and work. The cities in which ...
Hotel Revenue Reaches 50% of 2019 Level
STR | May 4, 2021
BROOMFIELD, Colorado — May 4, 2021 — Total revenue for U.S. hotels reached 50% of the comparable 2019 level, according to STR‘s March 2021 monthly P&L data release. GOPPAR, TRevPAR and EBITDA PAR came in higher than any month since February 2020. GOPPAR: US$26.79 TRevPAR: US$86.61 EBITDA PAR: US$12.77 LPAR (Labor Costs): US$27.66 Amid hiring difficulties, total labor costs were just 60% of the figure reported for March 2019. “We have seen continued improvement in room revenue, but with little coming in from F&B and other departments, industry TrevPAR is not gaining as much steam,” said Raqu...
Red Rock Resorts to Sell Palms Casino Resort for $650 Million
May 4, 2021
LAS VEGAS - May 4, 2021 - Red Rock Resorts, Inc. ("Red Rock" or the "Company") today announced a definitive agreement between its subsidiary Station Casinos LLC and a subsidiary of the San Manuel Band of Mission Indians ("San Manuel") to sell the Palms Casinos Resort for $650 million in cash, subject to customary adjustments. The transaction is subject to regulatory approvals and other customary closing conditions. Milbank LLP represented Red Rock and Deutsche Bank Securities Inc. is acting as financial advisor to Red Rock on the transaction. Latham & Watkins LLP represented San Manuel and Jefferies LLC is acting as financ...
Hilton Appoints Clarence Tan as SVP Development for Asia Pacific
Hilton | May 4, 2021
SINGAPORE and MCLEAN, Va. - May 4, 2021 - Hilton today announced the appointment of Clarence Tan as Senior Vice President, Development – Asia Pacific. Effective May 1, 2021, Clarence will lead the company’s development strategy in the region, deploying Hilton’s brands across Asia Pacific and continuing to deliver best in class financial returns for owners. With more than 20 years’ experience, Clarence joins Hilton from international hotel management and development company Valor Hospitality, where he served as the principal and corporate advisor. Prior to this, he was Group CEO at Millennium & Copthorne after serving at IHG i...
Pro-invest Group and IHG Launch Kimpton Hotels & Restaurants in Australia With 2021 Sydney Debut
IHG Hotels & Resorts | May 4, 2021
After years of anticipation, Kimpton Hotels & Restaurants will arrive in Australia in 2021, with IHG Hotels & Resorts and Pro-invest Group planning to convert and reposition Sydney’s Primus Hotel as Kimpton Sydney. As the industry pioneer that first introduced the boutique concept in the US in 1981, Kimpton Hotels & Restaurants is renowned for its signature heartfelt service and creating guest experiences that foster genuine human connections. Today, its playful brand philosophy is celebrated worldwide, delivered through thoughtful perks and amenities, inventive meetings and events, distinctive, design-forward interiors, and ...
New Research Shows New Net Zero Model Brings Benefits for Hotel Sector
IHG Hotels & Resorts | May 4, 2021
A new paper co-authored by international property consultancy Gleeds, global engineering and design consultancy Arup, global hospitality company IHG Hotels & Resorts, and energy management and automation specialist Schneider Electric has revealed how the hotel industry can tackle the net zero carbon challenge and save £millions in the process. Entitled ‘Transforming Existing Hotels to Net Zero’, the team compiling the research used a real-life case study to consider what opportunities exist to decarbonise existing hotels and drive operational energy to net zero carbon. With energy consumption typically accounting for as much as 60...
Historic Narragansett Inn, The Shore House, Unveils Details of Its Refurbishment
The Shore House | May 4, 2021
Narragansett, Rhode Island — May 4, 2021 — The Shore House - a historic, boutique inn situated directly on the beach in Narragansett, Rhode Island — has announced its soon-to-be completed property-wide refresh, set to open on May 1, 2021. Formerly the Ocean Rose Inn, The Shore House will debut with a new name and updated look that instantly transports guests to a modern, nautically inspired “home away from home,” that still pays homage to the rich history of the destination. Located beachside and inspired by its New England setting, The Shore House received a thorough makeover, with its existing main inn and hall...
BENCHMARK Promotes Claire Lieberman to Vice President of Business Development
BENCHMARK, a global hospitality company | May 4, 2021
THE WOODLANDS, TX – May 4, 2021 – BENCHMARK, a global hospitality company, today announces the promotion of Claire Lieberman to vice president of business development. As a leader within Benchmark’s robust development team, Lieberman will drive forward the continual growth of the Texas-based management company that operates more than 80 assets worldwide. Lieberman initially joined Benchmark in February 2020 as senior director of business development, bringing with her nearly a decade of hotel management, investment, acquisition, and development experience. Since then, Lieberman has proven instrumental in the stabilization and expansi...
RBH Hospitality Management Selects StayNTouch’s Guest-Centric PMS for Their 4 Fragrance Group Properties
StayNTouch | May 4, 2021
RBH Hospitality Management, a UK based hospitality management company which manages over 45 properties across the UK, has selected StayNTouch Cloud PMS and Contactless Solutions for their four Fragrance Group properties totaling over 400 rooms. RBH specializes in full-service management for luxury assets and chose StayNTouch’s guest-centric PMS because they wanted a dynamic and mobile platform that could unburden their staff, drive profitability, and empower their guests with a seamless and digital experience. Vibhu Gaind, the Chief Information Officer of RBH, said, “We felt that the StayNTouch guest-centric model was an optimal f...
JW Marriott Monterrey Valle Makes Its Debut in the Heart of Mexico’s “City of the Mountains”
JW Marriott | May 4, 2021
MONTERREY, NUEVO LEON — May 4, 2021 — JW Marriott, part of Marriott Bonvoy’s portfolio of 30 extraordinary brands, today announces the opening of JW Marriott Monterrey Valle, the brand’s newest luxury property and fifth in Mexico. Acquired by Fibra Inn and operated by Grupo Hotelero Prisma, JW Marriott Monterrey Valle is set in an unparalleled location, flanked by the majestic Sierra Madre mountain range and in the heart of San Pedro Garza Garcia, one of the most prestigious economic centers of Latin America. "We are excited to continue to grow our JW Marriott portfolio in Mexico with the opening of JW Marriott Monterrey Valle," sa...
Red Roof® Opens Two Hotels in Texas
Red Roof | May 4, 2021
Columbus, Ohio - May 4, 2021 - Red Roof®, the leader in economy lodging, announced the opening of the 62-room HomeTowne Studios by Red Roof - Lake Jackson and the 70-room Red Roof Inn - Lake Jackson, bringing the total number of Red Roof properties in the state of Texas to seventy. The 62-room HomeTowne Studios by Red Roof Lake Jackson and 70-room Red Roof Inn Lake Jackson are conveniently located on TX-322, just two miles from Brazosport College. They are also close to Sea Center Texas, Lake Jackson Historical Museum, and Texas Gulf Coast Regional Airport (LJN). The HomeTowne Studios by Red Roof Lake Jackson property features kitchenette...
FAU Poll Tells Disturbing Tale of Hospitality and Tourism Employment in Wake of COVID-19
Florida Atlantic University | May 4, 2021
BOCA RATON, Fla. – May 4, 2021 – The world’s battered hospitality and tourism industry has a long way to go to rebound from the devastating effects of the COVID-19 pandemic, according to a survey of workers conducted by Florida Atlantic University. Roughly 70 percent of the more than 4,000 respondents felt COVID-19 would have a negative long-term impact on the industry, while 65 percent said they felt the industry did not protect its employees better than other sectors. More than one-third of respondents indicated they would be seeking employment outside the industry over the next year. Meanwhile, desperately needed entry-level work...
The Memphian, a Tribute Portfolio Hotel, Opens in Midtown Memphis’ Overton Square
THE MEMPHIAN, A TRIBUTE PORTFOLIO HOTEL | May 4, 2021
MEMPHIS, TN – May 4, 2021 – Developed by LPI Memphis in conjunction with MMI Hotel Group and LRC2 Properties, The Memphian, a Tribute Portfolio Hotel, a boutique hotel located in Midtown Memphis’ Overton Square, is set to bring a colorful new hospitality experience to Midtown Memphis when it open on May 4, 2021. The hotel will be a member of Tribute Portfolio, Marriott International’s growing global family of characterful, independent hotels drawn together by their passion for captivating design and their drive to create vibrant social scenes for guests and locals alike. The project features 106 guest rooms including 9 suites in i...
Lancemore Crossley St. Hotel Partners With Liveport to Meet Guest Expectations for High-Speed Wi-Fi
Liveport | May 4, 2021
Cosmopolitan boutique hotel implements reliable and secure network capable of accommodating a multitude of guest devices without affecting performance. MELBOURNE, Australia — May 4, 2021 — Liveport, a leading provider of internet services and IoT-based technology, has today announced its successful deployment of a high-speed internet network at Lancemore Crossley St. Hotel in Melbourne, Australia. A trendsetting 114-guestroom property that combines both the glamour and grit of Melbournian culture, Lancemore Crossley St. can now also solidify its reputation as a modern and technologically advanced hotel by being able to cat...
