CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16, 2024
Paramount Lodging Advisors Successfully Transacts Chicago Renaissance OHare Hotel
Paramount Lodging Advisors | November 7, 2023
Real Estate
Condo Hotel Lawyer: Condominium Hotels are Hot! What is a Condo Hotel?
JMBM | November 5, 2014
By Jim Butler and the Global Hospitality Group® 05 November 2014 Click here for the latest articles on Condo Hotels What is a Condominium Hotel (or Condo Hotel)? Definition of a real estate legacy by Jim Butler, Bob Braun and Guy Maisnik Condo Hotel Lawyers A rebirth of the condo hotel phenomenon Condominium hotels (or "condo hotels" as they are commonly called) are back in the news again. It seems like every high-end or luxury hotel development is at least considering using the condo hotel approach. The renewed interest is fueled by recovery of residential real estate markets, high construction costs for high end hotel rooms, and the ...
Hotel AG’s New Logo – The Firm Closes 80 Hotel Transactions in Last 12 Months
Hotel AG | November 4, 2014
ATLANTA - November 4, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has a new logo and brand, and additionally, has closed 80 hotel transactions over the past 12 months. "The new Hotel AG logo and brand streamlines the message the firm wants to portray which is a company that is clean, honest, fresh and transparent," said H. Keith Thompson, principal of Hotel AG. What's more, the firm has closed 80 hotel real estate transactions over the past 12 months. Of the transactions closed, 34 were Hilton or Marriott branded assets, 11 were full service assets and 9 were over 200 rooms in size. Geographically, the hotels wer...
HDP Breaks Ground for the 132-key Hampton Inn & Suites Dunwoody/Perimeter Center in Atlanta, Georgia
Hotel Equities | November 4, 2014
Dignitaries participated in the groundbreaking for the Hampton Inn & Suites Dunwoody Perimeter Center. Pictured left to right are David Canaday, Senior Vice President, Rubenstein Partners; Brent Reid, CEO, Winter Construction Company; Mike Davis, Mayor of Dunwoody; Fred Cerrone, COO, Hotel Development Partners; Steve Smith, Partner, Hotel Development Partners; Gail Harmeier, Senior Vice President-Commercial Real Estate, Bank of North Georgia; and Allen O'Brien, CEO, Hotel Development Partners. ATLANTA, Ga. - (November 4, 2014) - Hotel Development Partners (HDP) recently held a groundbreaking ceremony for the Hampton Inn & Suites...
The “New Breed” of Condo Hotels – Key to Financing New Hotel Development?
JMBM | November 3, 2014
Selling condo hotels as "securities" under new SEC Rule 506(c) . . . By Jim Butler and the Global Hospitality Group® 3 November 2014 Click here for the latest articles on Condo Hotels. Condo hotel revolution and resurgence: Why developers are using "new breed" of condo hotels for financing One "little" legal change has revolutionized and revitalized condo hotels by Jim Butler, Bob Braun and Guy Maisnik Condo Hotel Lawyers The condo hotel lawyers at JMBM have helped clients with more than 100 condo hotels and hotel condos. Our experience proves that well-structured condo hotels play a valuable role and have earned an enduring legacy i...
County Officials Reviewing Plans for Salt Palace Convention Hotel
BuildCentral | November 3, 2014
Hotel-Online and BuildCentral Add/Update 249 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 3, 2014 - Hotel-Online and BuildCentral have added or updated 249 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: East Central Entrance Hotel (Duluth, MN) Gaslamp Canopy by Hilton (San Diego, CA) Chinatown AC H...
hotel SystemsPro Tops 11,000 Certified Users; Launches Online Learning Management System
hotel SystemsPro | October 23, 2014
Growing hotel SystemsPro Client List Continues to Expand; Users Gain System Proficiency Certification with Online Education for More Professional Client Interaction, Greater Productivity Visit hotel SystemsPro at IHG® 2014 Tradeshow booth #345 in Las Vegas October 27 - 29 Atlanta - October 23, 2014 - hotel SystemsPro, a leading provider of ASP-based enterprise hotel sales software, sales and catering systems, maintenance automation, and guest service solutions announced it now serves more than 11,000 certified users across all its products. Its solutions include hotel SalesPro, hotel Sales & CateringPro, hotel ServicePro, hotel Web...
The Strip’s Newest Destination, SLS Las Vegas, Opens with InvoTech’s Uniform System
InvoTech Systems | October 22, 2014
"Every Second Counts" - High-Tech UHF-RFID System Processes Hundreds of Uniforms Instantly and Automates Laundry Accountability for 40,000 Articles LOS ANGELES, CA - October 22, 2014 - InvoTech Systems, Inc. announced its partnership with SLS Las Vegas, the Las Vegas Strip's newest resort. InvoTech Systems, Inc.. increases profitability for clients. It is a leading provider of software management and control systems for uniforms and linens, and for laundry and security operations. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. "I cannot imagine manually processing the tens of thousands of uniforms ne...
125-Room College Hill Hotel Project Waiting On Zoning Approval
BuildCentral | October 20, 2014
Hotel-Online and BuildCentral Add/Update 356 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 20, 2014 - Hotel-Online and BuildCentral have added or updated 356 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Summit Boutique Hotel (Saint Paul, MN) Pearl District Hotel (Portland, OR) Grand Park Sports Cam...
Budgeting Is Getting Easy
Robert Mandelbaum | October 20, 2014
by: Robert Mandelbaum Throw away the Ouija and dart boards. Apparently predicting the performance of U.S. hotels has become very easy for U.S. hotel managers. For the third consecutive year, management's projections of revenues, expenses and profits contained in their budgets have been extremely accurate. Since 2001, PKF Hospitality Research, a CBRE company, (PKF-HR) has assessed the accuracy of hotel budgets. Over the past 13 years, one trend has become very predictable. During times of industry prosperity, hotel budgets are extremely accurate. In 2013, U.S. hoteliers overestimated their total property revenues by just 0.04 percent. Ho...
Hotel Technologists to Expand Strategic and Technical Knowledge at Annual Conference in Budapest
Hotel Technology Next Generation | October 14, 2014
CHICAGO (October 14, 2014) - A robust agenda of current issues and emerging technologies awaits hospitality industry technology leaders next week in Budapest at the European Hotel Technology Conference. "Hoteliers who have attended our past conferences have raved about the quality of the content, and this year will be no exception," said Douglas Rice, Executive Vice President and CEO of event producer, HTNG, a nonprofit association serving the hotel industry. "With the engagement our association has from top technologists from hotels and tech vendors, we are able to deliver the highest quality content, rather than simply filling panels ...
Los Angeles is the New Magnet for Real Estate Investment
JMBM | October 7, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 7 October 2014 After so many years of being off everyone's screen, Los Angeles has suddenly become one of the hottest markets for real estate investment. Roger Vincent's article of October 4, 2014, in the Los Angeles Times provides some of the latest and most exciting detail about how the "smart money" in New York now sees Los Angeles is a great place to buy real estate. See "Downtown L.A. real estate is drawing N.Y. investors' interest." The transformation of Los Angeles to a "real city" where people live, work, and play has taken deca...
Best Western Roosevelt Avenue Hotel in Queens Slated to Open Late 2014
BuildCentral | October 6, 2014
Hotel-Online and BuildCentral Add/Update 341 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 6, 2014 - Hotel-Online and BuildCentral have added or updated 341 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Port Royal Resort (Jasper, GA) Waltham Hotel (Queens, NY) Riverfront Hotel Complex (Davenport, IA)...
Marriott Signs FCC Consent Decree and Agrees to Pay $600,000 Civil Penalty for Wi-Fi Blocking
JMBM | October 6, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 6 October 2014 Have you ever wondered why your cell phone or personal Wi-Fi hot spot does not seem to work in some hotels? As more business and leisure travelers equip themselves to stay in constant communication with their work place and families, they have accelerated the tendency to shun high-priced hotel room telephones and internet connections. But sometimes, even when you are in the middle of New York City (or other major urban gateway) on a high floor, your cell service or Mi-Fi just does not seem to work, and you wonder if it is...
Hotel AG Closes 76 Hotels in Last 11 Months
Hotel AG | October 6, 2014
ATLANTA - October 6, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 76 hotel real estate transactions in the last 11 months. The transactions included 14 Hilton branded, 15 Marriott branded, 11 full service, and 65 select service hotels. The assets were located across all regions in the US. Many of the hotels were in top MSA markets and covered most brand families. The buyers consisted mostly of REITs and large institutional investment firms, and the clients represented were across all ownership types. Hotel AG currently has 204 active hotel engagements totaling $2.7 billion in real estate value on the ma...
Hotel AG Closes 20 Hotel Transactions in September
Hotel AG | October 1, 2014
ATLANTA - October 1, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 20 separate hotel real estate transactions in September. The closings consists of 5 Hilton branded hotels, 7 Marriott branded hotels, 3 Wyndham branded hotels, 3 Choice branded hotels and 2 other branded assets. Included in the 20 hotels were 2 portfolios of mostly Hilton and Marriott assets located in the Northeast. Of the hotels sold, 4 were large urban hotels, 11 were in top MSA suburban markets and the balance of the assets were across various market segments. The highest price per room transaction was a large top CBD urban hotel that...
InterContinental Buckhead Atlanta and Park Hyatt Chicago Upgrade to InvoTech RFID Uniform System
InvoTech Systems | September 24, 2014
Long-time InvoTech Customers Upgrade their Uniform Systems with RFID Technology for More Efficient Operations and Cost Saving Benefits LOS ANGELES, CA - September 24, 2014 - InvoTech Systems, Inc. announced two leading city center hotels upgraded their uniform management and control processes with InvoTech's UHF-RFID Uniform System. The InterContinental Buckhead Atlanta and Park Hyatt Chicago have both benefited from the control and accountability established by the InvoTech Uniform System for more than ten years. The RFID upgrade will provide cost saving benefits with more efficient operations by automating manual tasks. Click here for...
First La Quinta Inn & Suites Hotel Opens in Billings, Montana
La Quinta Holdings Inc. | September 24, 2014
Opening Marks a New Level of Service and Guest Comfort in the Billings Market, Highlights Brand's Expansion in the State of Montana Billings, Montana, September 24, 2014 - To serve the growing number of visitors traveling to the Billings area, La Quinta Inns & Suites is proud to announce the opening of the new La Quinta Inn & Suites™ - located at 5720 South Frontage Road, Billings. Whether traveling for business or leisure, this newly constructed, four-story hotel offers guests a refreshing and engaging experience providing 85 beautifully appointed guest rooms, meeting space, an onsite business and fitness center and a...
Beauport Gloucester Hotel Moving Toward Construction
BuildCentral | September 22, 2014
Hotel-Online and BuildCentral Add/Update 335 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. September 22, 2014 - Hotel-Online and BuildCentral have added or updated 335 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: 3rd Avenue Hotel (New York, NY) Convention Center and Hotel (Katy, TX) 6080 Collins Hotel (Mia...
Hotel AG Set to Close 20 Hotel Transactions in September
Hotel AG | September 22, 2014
ATLANTA - September 22, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm expects to close 20 hotel real estate transactions in September. The anticipated closings will consist of two hotel portfolios including 13 Hilton and Marriott assets with the remaining consisting of other brand families. Hotel AG as a firm has seen an increase in transactions of 47% and income of 68% year-to-date through September 2014 versus the same period in 2013. "We believe we are seeing the investment window of this cycle. Buyers are taking note of the low interest rates versus the cap rate spreads, and understanding that the delta we are ...
FAQs on Service Animal Requirements of the ADA. What Every Hotelier Needs to Know. Why Uber was Sued
JMBM | September 17, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 17 September 2014 The recent Uber lawsuit On September 9, 2014, Uber Technologies was sued in Federal Court in San Francisco for violating the Americans with Disabilities Act (ADA) and California's Unruh Act. The suit arose from the claim that UberX drivers refused to allow blind riders to bring their guide dogs. For a copy of the complaint, click here to see Natl Federation of the Blind v. Uber Technologies. This is just the latest in a long history of complaints or enforcement actions involving the legal requirements concerning "service a...
The Components of Franchise Fees
Robert Mandelbaum and Gray McDade | September 16, 2014
By Robert Mandelbaum and Gary McDade Hotel franchise companies ("the brands/chains") charge their franchisees a series of fees that cover a variety of services provided by the franchisor. In our firm's annual Trends® in the Hotel Industry survey of operating statements, PKF Hospitality Research, (PKF-HR is a CBRE company) captures four of these fees discretely: Royalty Fees Advertising and Marketing Assessments Loyalty Program Fees Reservation Assessments To gain a better understanding of the fees paid by hotel owners to their franchisors, PKF-HR analyzed the operating statements of 1,304 chain-affiliated hotels in our Trends® d...
Hotel Development Partners Names Robert J. McCarthy as Chairman
Hotel Development Partners (HDP) | September 10, 2014
ATLANTA, GA (September 10, 2014) - Atlanta-based Hotel Development Partners (HDP) recently welcomed Robert J. "Bob" McCarthy to the firm as Chairman. As chairman of the firm's executive board, Mr. McCarthy serves as a driving force in setting forward the strategy for the growth of HDP. His experience in all markets and his strong brand knowledge highlight his ability to lead HDP's expanding portfolio with a focus on Marriott-branded hotels. HDP's active development projects include new Residence Inns in both Miami Beach/Surfside and Dunwoody/Atlanta Perimeter Center as well as the Hampton Inn & Suites Dunwoody/Perimeter Center. More...
Park Hyatt New York Marks Grand Opening with InvoTech RFID Staff Uniform Protection
Park Hyatt New York | September 9, 2014
How Does Manhattan's Newest Luxury Location Track Uniform Assignments, Maintain Laundry Accountability, and Reduce Labor Expenses? With InvoTech Systems, Inc. Technology LOS ANGELES, CA - September 9, 2014 - When Manhattan's newest luxury hotel, Park Hyatt New York, opened its doors on August 19, , InvoTech Systems, Inc.'s UHF-RFID Uniform System was already at work behind the scenes to maintain garment quality. InvoTech managed installation of durable RFID tags in the hotel's 4,000 uniforms and recorded garment assignments prior to opening to simplify property operations. The InvoTech Uniform System reduces labor expenses associated wi...
Looking for EB-5 Financing? The China “Retrogression” Means You Should Act Sooner than Later!
JMBM | September 9, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 9 September 2014 EB-5 Visas and China "Retrogression" - What's it all about? by Jim Butler and Jonathan Bloch Partners, Jeffer Mangels Butler & Mitchell LLP In the past, when China exceeded its 7% allocation of US Immigrant Investor Visas (EB-5 visas), Chinese applicants were permitted to take advantage of unused EB-5 visas allotted to other countries. But as of the last week of August 2014, the US State Department decided that the issuance of new EB-5 visas to Chinese applicants will be frozen or "retrogress" (move backward) until Octob...
