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
Application Submitted to State Gaming Commission for Rivers Casino and Resort at Mohawk Harbor
BuildCentral | September 8, 2014
Hotel-Online and BuildCentral Add/Update 273 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. September 8, 2014 - Hotel-Online and BuildCentral have added or updated 273 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: New Allen Park Hotel (Allen Park, MI) Hilton Hotel (Charleston, SC) Palm Harbor Hotel (West Pal...
HDP to Develop Mixed-Use Project with 132-key Hampton Inn & Suites Dunwoody/Perimeter Center in GA
Hotel Equities (HE) | September 3, 2014
To Be Managed by Hotel Equities ATLANTA, Ga. - (September 3, 2014) - Hotel Development Partners (HDP) announced the acquisition of a prime hotel site on Ashford Dunwoody Road near Perimeter Mall for the development of the 132-room Hampton Inn & Suites, which will be the latest urban prototype for this Hilton hotel brand. The reuse of the 3.6 acre former parking field at the Sterling Pointe office complex will create a desirable urban setting for the hotel and 25,600 SF of restaurants and retail. Corner Bakery marks the first of two restaurants to be included in the project that provides a unique destination and experience for the Pe...
City Approval Process Started for Hyatt House Hotel Austin
BuildCentral | August 25, 2014
Hotel-Online and BuildCentral Add/Update 287 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 25, 2014 - Hotel-Online and BuildCentral have added or updated 287 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: Bella Rose Inn (Chandler , AZ) Stockyard Hotel (Fort Worth, TX) Embassy Suites (Ventura, CA) Wil...
Four Seasons Resort Orlando at Walt Disney World® Resort Implements InvoTech RFID Uniform System
Four Seasons Resort Orlando at Walt Disney World Resort | August 25, 2014
High-efficiency UHF-RFID Tags, Mobile Readers, Automated Garment Identification and Processes Eliminate Unaccounted Loss, Establish Accurate Laundry Accountability LOS ANGELES, CA - August 25, 2014 - InvoTech Systems, Inc. announced Four Seasons Resort Orlando at Walt Disney World® Resort has implemented the InvoTech UHF-RFID Uniform System to automate management of the property's more than 7,000 custom uniforms. The InvoTech Uniform System reduces labor expenses associated with manual handling and increases employee accountability with automated uniform tracking. The Orlando resort is the ninth Four Seasons resort that utilizes InvoTe...
Asians Want to Live, Buy Homes and Invest in Orange County
August 21, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 21 August 2014 Asians love California, particularly Southern California! They love it as a place to live, buy homes, invest, go to school, and run their businesses. In June, we talked about the close affinity between China and Los Angeles County as revealed by a new report. Now there is yet another report documenting how Asians love Orange County. Why? The report does not tell us that, but certainly Asians are attracted to California for the same reasons they been settling here for more than a century: proximity, climate, opportunity, and th...
JMBM Announces 25th Annual Meet the Money® National Hotel Finance Conference
Meet the Money | August 19, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 19 August 2014 Today, the Hotel Lawyers in JMBM's Global Hospitality Group announced our 25th Annual Meet the Money® conference to be held May 4-6, 2015, at the Sheraton LAX. It's hard to believe we are marking the 25th year of getting together with our friends in the industry for a couple of days where all participants share information, meet leaders in the industry and make deals. It will be an exciting conference and if you have not joined us at Meet the Money® in the past, we hope you will come find out what all the buzz is about in 20...
3 Things Hoteliers Must Budget for in 2015
Lodging Interactive | August 19, 2014
What every hotelier should consider and budget for in 2015 PARSIPPANY, N.J. - AUGUST 19, 2014 - Given recent trends, digital marketing is set to become a majority piece of the budget pie by 2019. In a world of increased mobile use and expectations of rapid online responses from properties and brands, hoteliers need to stay on trend with digital spending when planning their 2015 budget, ensuring three areas of web-based marketing are well addressed next year. 3 Things Hoteliers Must Budget for in 2015 Complete Online Reputation Management Managing your online reputation isn't as simple as monitoring what guests are saying on review sites...
La Quinta Signs for Early 2015 Construction Start on Two Hotels in Guatemala and One in Nicaragua
La Quinta Holdings Inc. | August 13, 2014
IRVING, Texas, Aug. 13, 2014 -- La Quinta Holdings Inc. (NYSE: LQ) ("La Quinta" or the "Company"), owner, operator and franchisor of La Quinta Inns & Suites hotels, announced it has signed franchise agreements for new hotels in Nicaragua and Guatemala, marking the Company's entry into those countries. "Our entry into these two new Central American markets reflects the strength of La Quinta in Latin America and our ability to deliver on this growth objective," remarked Wayne Goldberg, President and CEO of La Quinta. "We see tremendous opportunities for ongoing franchise growth internationally gi...
InvoTech UHF-RFID Uniform System Goes Live at Hard Rock Rocksino Northfield Park
Hard Rock Rocksino Northfield Park | August 12, 2014
Hard Rock Rocksino Northfield Park Installs InvoTech for Uniform Management and Control; System Eliminates Unaccounted Losses, Establishes Staff Responsibility LOS ANGELES, CA - August 12, 2014 - InvoTech Systems, Inc. announced Hard Rock Rocksino Northfield Park implemented the InvoTech UHF-RFID Uniform System to automate control and management of the property's 6,000-plus uniforms. The InvoTech Uniform System reduces labor expenses associated with manual handling and increases employee accountability with automated uniform tracking. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. Hard Rock Rocksino'...
Branding Negotiations Started for Alta Colorado Lodge and Resort
BuildCentral | August 11, 2014
Hotel-Online and BuildCentral Add/Update 257 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 11, 2014 - Hotel-Online and BuildCentral have added or updated 257 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: The Ashton Hotel (Fort Worth, TX) Manhattan West Hotel (New York, NY) Historic District Hotel (Ne...
Hotel Asset Management Assoc. Offers Certified Hotel Asset Manager Certification to Overseas Members
HAMA | August 7, 2014
BOSTON, Mass., August 7, 20014-The Hotel Asset Management Association (HAMA) today announced that it now offers its Certified Hotel Asset Manager (CHAM) certification program to non-U.S. asset managers wishing to achieve the profession's equivalent of the Certified Public Accountant (CPA). HAMA recently approved two affiliate organizations, HAMA Europe and HAMA MEA, adding more than 100 new members to the global organization. Founded in the U.S. in 1992, HAMA also has affiliates in Asia Pacific and Japan. "The responsibilities of hotel asset managers are far more encompassing than they have ever been in past, and the position has rapidl...
Hotel Lawyer with FAQs about EB-5 Project Financing for New Hotel Development
Jim Butler | August 7, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 7 August 2014 Frequently Asked Questions about EB-5 project financing for new hotel development by Jim Butler and Jonathan Bloch Partners, Jeffer Mangels Butler & Mitchell LLP Why is there so much buzz about EB-5 financing? In the last five years, EB-5 financing has become extremely popular in development circles and is being widely used by mainstream, institutional players including government entities such as port authorities, major hotel brands like Marriott and Hilton, and some of the largest owners of hotels and restaurants. EB-5 fi...
Hotel Development & EB-5 Financing: Why You Don’t Want to Form Your Own Regional Center
Jim Butler | August 4, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 4 August 2014 How should hotel developers go after EB-5 financing? Although the EB-5 immigrant visa program has been around since 1990, the current trend of using this as a source of financing for hotel development began only three years ago. We worked on one of the first hotel EB-5 financings for the W Hotel and Residences in Hollywood, and have since worked on more than 60 EB-5 projects all over the country. Now, use of the EB-5 financing program has gone mainstream. Headline grabbers include the $400 million financing of the SLS Hotel in ...
Hotel AG Closes 12 Transactions in July
Hotel AG | August 4, 2014
ATLANTA - August 4, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 12 separate hotel real estate transactions in the month of July. The transactions consisted of 5 full-service hotels and 7 select service hotels. The full-service assets included a 200+ room ocean front resort, a 250+ room Crowne Plaza in New England, a 300+ room convention hotel in a Eastern Seaboard resort market, a 220+ room Marriott in an Upper Midwest state, and a 210+ room hotel in the Pacific Northwest. The select service hotels that closed included a 7-story independent hotel at a major university campus; a SpringHill Suites in Pin...
Hotel Development Financing: How to Win the Race for EB-5 Capital
Jim Butler | July 30, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 30 July 2014 A viable source of capital and now mainstream The EB-5 Immigrant Investment Visa program offers an alternative means of raising capital for hotel development projects in the U.S., and the lawyers in JMBM's Global Hospitality Group® and Chinese Investment Group™ have worked on more than sixty EB-5 projects all over the United States. Over just the past 3 years, the EB-5 program has quickly gained the support of some of the largest, institutional-quality developers as well as major hotel brands. Perhaps a bit late, many develop...
Financing Hotel Development Today: 5 Questions Every Hotel Developer is Asking About EB-5 Financing
Jim Butler | July 29, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 29 July 2014 EB-5 financing has gone mainstream for hotel development The use of EB-5 financing has exploded over the past 3 years as an important funding source for new hotel development. It is clearly now part of the "mainstream" being used with great success by increasingly institutional companies. Marriott was among the earliest advocates for the program and has used it for many high profile hotels such as the Ritz-Carlton/JW Marriott and Marriott Courtyard/Residence Inn hotels in DTLA. But more recently, other major brands have come on ...
Dual-Branded Hotel Complex Planned for Columbus, Ohio
BuildCentral | July 28, 2014
Hotel-Online and BuildCentral Add/Update 190 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 28, 2014 - Hotel-Online and BuildCentral have added or updated 190 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: Quarrier Street Hotel (Charleston, WV) Bohemian Hotel (Fort Collins, CO) South Lake Union Hotel (Se...
Hotel AG Closes 10 Transactions Since July 1st
Hotel AG | July 21, 2014
ATLANTA - July 21, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm has closed 10 separate hotel real estate transactions since July 1st. The transactions consist of 4 full-service hotels and 6 select service hotels. The full-service hotels represented include a large Crowne Plaza in New England, a 300+ room convention hotel in a Northeastern Seaboard state, a Marriott in an upper Midwest state and an IHG hotel in the Pacific Northwest. The select service hotels include a seven-story independent hotel at a major university campus; a Springhill Suites in Pinehurst, North Carolina; 2 Fairfield Inns and 1 Hampton Inn in ...
Systematic Laundry in Singapore Installs InvoTech UHF-RFID Laundry System for Efficient Operations
Systematic Laundry | July 15, 2014
Why InvoTech's Laundry System? It Eliminates Unaccounted Losses, Cuts Labor Costs, Pays for Itself in One Year LOS ANGELES, CA - July 15, 2014 - InvoTech Systems, Inc. announced Systematic Laundry installed the InvoTech UHF-RFID Laundry System to efficiently manage resort laundry operations. The InvoTech Laundry System streamlines and automates laundry operations, cuts labor costs, and provides real-time information to lower operating expenses. Systematic Laundry processes up to 20,000 garments per day for Resorts World Sentosa and 50,000 garments per day for other hotel clients and international airlines. Click here for more informatio...
250-Room Sandy Springs Hotel Development Starts City Approval Process
BuildCentral | July 14, 2014
Hotel-Online and BuildCentral Add/Update 179 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 14, 2014 - Hotel-Online and BuildCentral have added or updated 179 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: Anderson Field Hotel (Waterbury, VT) The Chauncy (Iowa City, IA) Udipi Inn (Monroeville, PA) BlueR...
Hotel AG Welcomes Rick George, Opens Chicago Office
Hotel AG | July 14, 2014
ATLANTA - July 14, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today that Rick George has joined the firm and will open the Hotel AG Chicago office. "Rick comes from a deep hospitality transaction background and will add his resume to that of Hotel AG. We believe his tenure within the hotel real estate industry will complement the Hotel AG brand," commented H. Keith Thompson, principal of the firm. "There are a few dots on the map that we want a presence in and Chicago is one of them. We know Rick very well and have great respect for his ability to sell hotels. We look forward to having him lead the team in Chicago." About Rick...
Chinese-Language Hotel Law Blog Launched by JMBM Global Hospitality Group® and HotelLawyer.com
July 10, 2014
By Jim Butler, author of www.HotelLawBlog.com July 10, 2014 LOS ANGELES-The Global Hospitality Group® and the Chinese Investment Group™ at Jeffer Mangels Butler & Mitchell LLP are pleased to announce the launch of a Chinese-language version of the Hotel Law Blog. It is available as a new tab on www.HotelLawyer.com or it can be accessed directly at www.ChineseHotelLawBlog.com. "Since 2007, our Hotel Law Blog has been a valuable resource for the hospitality industry," said Jim Butler, author of HotelLawBlog.com and chairman of the Global Hospitality Group® and the Chinese Investment Group™. "We want to share some of the experien...
Hotel AG Summer 2014 Transactions
Hotel AG | June 30, 2014
ATLANTA - June 30, 2014 - Hotel Assets Group, LLC (Hotel AG) announced today the firm has been involved in 238 hotel transactions over the past 36 months. Over half of the transactions were upscale select service or full service hotels. "Hotel AG continues a rapid pace in hotel transaction closings. The firm has closed 1 hotel transaction every 5 days for the past 3 years. Additionally, the firm has 51 hotels under sale agreement with closings scheduled over the next 90 days," stated H. Keith Thompson, principal of the firm. "We see very strong demand in hotel real estate investing, but we remain concerned the selling window is beginnin...
CityFest Hotel (Embassy Suites) in Tuscaloosa Slated to Open September 2014
BuildCentral | June 27, 2014
Hotel-Online and BuildCentral Add/Update 180 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 30, 2014 - Hotel-Online and BuildCentral have added or updated 180 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: Stickney Point Hotel & Retail (Sarasota, FL) Sky Hotel Redevelopment (Aspen, CO) Elm Court Estat...
