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
Executive Summary of the EB-5 Immigrant Investor Program
Jim Butler | June 25, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 25 June 2014 Hotel Lawyer looking at the EB-5 program Over the past 5 years, JMBM's team has helped clients with more than 40 EB-5 projects all over the U.S. The program is more popular than ever and the standards continue to rise for sponsors who want to advantage of this funding technique. I asked Jonathan Bloch, a corporate partner and Senior Member of JMBM's Global Hospitality Group®, to put together an Executive Summary and Overview of the EB-5 Program for investors and developers wanting to explore the funding source for new projects....
Benchmark Hospitality International Expands Ownership Advisory Group
Benchmark Hospitality International | June 23, 2014
Setting New Standards for Hotel Asset Management & Advisory Services New Website Will Feature Online Data Room, Private Client Access to All Documents The Woodlands (Houston), Texas, June 23, 2014 - A visionary, specialized and collaborative new brand is changing the face and future of asset management. The Benchmark Owner Advisory Group (OAG), a division of Benchmark Hospitality International®, a leading U.S.-based hospitality management company, is challenging the tired image of hotel asset management. Originally founded in 2011 as part of Benchmark Hospitality's expansion of its asset management services, today the Owner Advisor...
Hotel Lawyer: What is Happening with Chinese Real Estate Companies Investing in Banks?
June 17, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 17 June 2014 Concerns over a real estate bubble in China For decades, China was referred to as the "sleeping giant." This reference is to the great potential impact of the country, its vast population, and its economy, but also to the fact that this potential was largely unrealized for hundreds of years. Well, the sleeping giant is awake! And the world financial press if now full of analysts following China and the international ramifications of its every action on the world economy. Recently, great concern has been raised by some over the i...
Hotel Lawyer: Growing Together – China and Los Angeles County
June 17, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 19 June 2014 The growth of outbound Chinese investment Earlier this month we posted an article about the surge in Chinese investment as reported by Tiffany Hsu in the Los Angeles Times. See, "China and JMBM's Chinese Investment Group™ are in the news again!" That article prominently featured the Sheraton Gateway LAX hotel, its 15% increase in Chinese travelers since the beginning of the year, and its purchase by our Shenzen Hazens Real Estate Group, and JMBM's role as counsel to Shenzen Hazens. Special Report Just Released: Growing Togethe...
New Owner for 200-Room Hotel Development in San Francisco
BuildCentral | June 16, 2014
Hotel-Online and BuildCentral Add/Update 193 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 16, 2014 - Hotel-Online and BuildCentral have added or updated 193 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: Rivertowns Square Hotel (Dobbs Ferry, NY) Arundel Mills Hotel (Hanover, MD) 401 Hennepin Hotel (Minn...
InvoTech Continues International Expansion; Establishes Global Reseller Network
InvoTech Systems | June 12, 2014
At HITEC Visit InvoTech Systems in Booth #240 June 24 to 26 at the Los Angeles Convention Center InvoTech, The Industry's Leading RFID Linen, Uniform and Laundry System Provider, Extends Business to 25 Countries, Adds Clients in Ireland, Chile, UK, Singapore LOS ANGELES, CA - June 12, 2014 - InvoTech Systems, Inc. announced it expanded its international business to 25 countries with the addition of new clients and a network of global resellers. InvoTech signed new-client agreements with operators in Ireland, the United Kingdom, Chile, the Dominican Republic, and Singapore. The company also extended its multilingual system functionality...
hotel SystemsPro™ Expands into Latin America, Announces International Launch of property ServicePro™
Hotel SystemsPro | June 11, 2014
At HITEC visit hotel SystemsPro in Booth #1151 June 23 to 26 at the Los Angeles Convention Center How is Multilingual property ServicePro a True International Solution for Facilities and Asset Maintenance? The System Manages Physical Assets Regardless of Country or Industry Atlanta - June 11, 2014 -- hotel SystemsPro™ announced the international launch of property ServicePro™ for clients in Mexico and Latin America. property ServicePro is an international, multilingual web-based facilities and asset management solution. property ServicePro automates maintenance and oversight of physical assets for hotels, airports, hospitals, sports...
China and JMBM’s Chinese Investment Group™ are in the News Again!
June 10, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 10 June 2014 As the significance of Chinese investment in the US continues its rapid growth, news articles regularly document new details of this major trend. And in the Los Angeles Times, Tiffany Hsu provided some interesting facts in an article entitled "Chinese tourism and investment in Southern California surges." Her article led off with the example of a 15% increase in Chinese travelers at the Sheraton Gateway LAX Hotel. We served as lawyers and business advisors to Shenzen Hazens Real Estate Group (a large Chinese construction company...
HVS Design and JN+A Release Free 2014 Hotel Cost Estimating Guide
HVS Design | June 9, 2014
HVS Design and Jonathan Nehmer + Associates, Inc. (JN+A) are proud to announce the completion of the 2014 Hotel Cost Estimating Guide. The Guide is a comprehensive listing of capital expenditure construction and FF&E costs for hotel renovations in the United States of America. Now in its sixth year, the 2014 Hotel Cost Estimating Guide evaluates costs in a variety of hotel tiers including Economy, Extended Stay, Midscale, Upscale, Upper Upscale, and Luxury. Within each tier, costs are separated into the categories of Guestrooms; Guest Bathrooms; Guestroom Corridors; Public Areas; Food & Beverage Outlets; Function Space; Recreati...
Hotel Lawyer in New York: Mood of the New York Hotel Conference
Jim Butler | June 4, 2014
By Jim Butler Hotel Lawyers | Authors of www.HotelLawBlog.com 4 June 2014 2014 NYU Hotel Investment Conference On Sunday, June 1, 2014, the NYU hotel conference kicked off with its gala grand opening party. With about 2,300 people attending this year, the energy is high and a grounded optimism prevails. The increased conference attendance generally reflects the health of the hotel industry, and these numbers do not count the hundreds of "lobby lizards" who hang out at the conference hotel for meetings without registering. Mike Cahill of HREC, co-chairman of the Lodging Industry Investment Council ("LIIC") summed it up well at a pre-conf...
315-Room citizenM Hotel Approved by City of New York
BuildCentral | June 2, 2014
Hotel-Online and BuildCentral Add/Update 168 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 2, 2014 - Hotel-Online and BuildCentral have added or updated 168 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: 31 Prospect Street Hotel (Staten Island, NY) LA Convention Center Hotel (Los Angeles, CA) Olympia Hil...
La Quinta Inns & Suites Introduces New Prototype “Del Sol” Design
La Quinta | June 2, 2014
IRVING, Texas, June 2, 2014 -- La Quinta Holdings Inc. (NYSE: LQ) ("La Quinta"), owner, operator and franchisor of La Quinta Inn & Suites™ and La Quinta Inn™ branded hotels, today introduced a fresh, new prototype design called Del Sol. Inspired by extensive guest experience research, the Del Sol prototype combines iconic brand elements with elegantly clean geometric lines. Artfully blending light and shadow provides a new level of warmth that enhances the guest experience. Designed to maximize revenue-per-square foot while maintaining a competitive cost-per-key, the new prototype's operational functionalit...
Resorts World Sentosa Singapore Installs InvoTech UHF-RFID Uniform System
InvoTech Systems | May 29, 2014
At HITEC Visit InvoTech in Booth # 240 June 23 to 26 at the Los Angeles Convention Center Why RFID Uniform Tracking? Multi-Property Casino Resort Taps Advanced UHF-RFID System to Manage 200,000 Uniforms for Large Staff and Raise Efficiency, Cut Costs LOS ANGELES, CA - May 29, 2014 - InvoTech Systems, Inc. announced Resorts World Sentosa (RWS) - Singapore's first integrated resort - Implemented the InvoTech UHF-RFID Uniform System to streamline processing for more than 200,000 uniforms. The InvoTech system interfaces with the White Conveyors U-Pick-It System to automatically deliver uniforms to the staff of thousands with optimum effici...
Lodging Industry Investment Council’s Top 15 Member Quotes
May 29, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 29 May 2014 The Lodging Industry Investment Council (LIIC) is the hotel industry "think tank" whose membership includes the hospitality industry's most influential investors, lenders, corporate real estate executives, REITs, public hotel companies, brokers and significant lodging equity sources. More than 80% of surveyed LIIC members have purchased a hotel in the last 12 months. Together, the members of LIIC represent ownership, control or disposition of well over $20 billion of lodging real estate. Along with Mike Cahill of Hospitality Real...
Hotel AG Welcomes DJ Effler as Director of Capital Markets
Hotel AG | May 27, 2014
ATLANTA - May 27, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today that DJ Effler has joined Hotel AG as Director for the company's newly launched capital markets platform. DJ will continue his current role with Bellwether Enterprise Real Estate Capital, LLC (Bellwether Enterprise) and add to it the role of Director at Hotel AG. H. Keith Thompson, principal of Hotel AG, stated, "DJ comes from a very deep hospitality finance background that is second to none. His relationships with the CMBS markets, local lenders and insurance balance sheet lending are absolutely incredible. DJ could be the best hotel lending specialist in the ...
Hotel AG 2014 Transaction Market Performance
Hotel AG | May 27, 2014
ATLANTA - May 27, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today the firm continues its momentum in closing hotel transactions. "Hotel AG continues a rapid pace in hotel transaction closings. The firm has closed more transactions this year to date than in 2013, and over the past 12 months the firm has been involved in 1 hotel transaction every 3 days. The firm has 49 hotels under sale agreement with closings scheduled for this summer," stated H. Keith Thompson, principal of the firm. "We see off the chart strong demand in the hotel real estate investing, but we think the selling window is beginning to close. I told a client ...
Jonathan Bloch Joins JMBM, Adding Expanded Channels of Capital-Raising Resources
JMBM | May 20, 2014
By Jim Butler | Author of www.HotelLawBlog.com Jonathan Bloch joins JMBM, adding expanded channels of capital-raising resources to the Firm's Global Hospitality Group® and Chinese Investment Group™ Los Angeles-Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to welcome Jonathan Bloch as a corporate partner in its Los Angeles office. Formerly of Manatt, Bloch's law practice focuses on the needs of large institutional investors, including venture capital and private equity. He counsels clients in fund formation, operations, and legal and regulatory compliance. He has participated in raising capital for real estate, hospitalit...
Hotel AG Welcomes Eric Gunderson as Newest Team Member, Opens California Office
Hotel AG | May 19, 2014
ATLANTA - May 19, 2014 - Hotel Assets Group, LLC (Hotel AG), announced today that Eric Gunderson has joined the firm as Vice President responsible for expanding the company's brokerage platform in California. Eric comes to Hotel AG from Cassidy Turley with more than seven years experience in the hospitality real estate industry. While at Cassidy Turley, Eric was based in San Francisco where he started the Northern California hospitality group, which transacted over $120 million during his tenure. "California is a market we have wanted to have a presence in for quite some time. We are excited and proud to have Eric on board as a partner....
Architect Confirmed for 116-Room Glenside Drive Hotel
BuildCentral | May 19, 2014
Hotel-Online and BuildCentral Add/Update 158 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. May 19, 2014 - Hotel-Online and BuildCentral have added or updated 158 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: Hilton Garden Inn (Port Washington, NY) Greynolds Park Hotel (North Miami Beach, FL) Saint Charles Ho...
Soaring Eagle Casino and Resort Installs InvoTech UHF-RFID Uniform System to Reduce Costs
InvoTech Systems | April 30, 2014
Why Did a Four-Diamond Casino Resort Automate Control of 20,000 Uniforms? Property Taps InvoTech to Track Accountability of New Uniform Inventory to Lower Replacement Expense, Increase Efficiency LOS ANGELES, CA - April 30, 2014 - InvoTech Systems, Inc. announced Soaring Eagle Casino and Resort implemented InvoTech's UHF-RFID Uniform Management System to automate uniform tracking, accounting, and reporting for 20,000 newly designed uniforms. Soaring Eagle also installed InvoTech in the property's uniform distribution center to establish 100% accountability and reduce replacement expenses. The InvoTech Uniform System interfaces with the ...
Buying Bad Loans and Distressed Debt in Europe (and Italy)
Jim Butler | April 28, 2014
By Jim Butler For the latest articles on this subject, please click here. By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 28 April 2014 Some are calling it the "distressed real estate gold rush in Europe." Others who have been expecting 1990s-style opportunistic investment opportunities for several years, now are seeing a change in European banks' willingness to sell distressed loans at discounts to clean up their books. Several significant deals have been announced with big name investors and more are underway. What is happening? And what is the opportunity for investors? Is it too late ...
54-Room Bay Harbor Hotel Development Moves Forward in Planning
BuildCentral | April 28, 2014
Hotel-Online and BuildCentral Add/Update 167 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. April 28, 2014 - Hotel-Online and BuildCentral have added or updated 167 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: Sawmill Area Hotel (Albuquerque, NM) Caesars Resort (Woodbury, NY) Phipps Plaza Hotel (Atlanta, GA...
Hotel AG Closes One Hotel Every Five Days
Hotel AG | April 21, 2014
ATLANTA - April 21, 2014 - Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the last 3 1/2 years. The firm has closed 33 hotel transactions over the past 23 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the Midwest through the Northeast and along eastern seaboard states with several in Florida. H. Keith Thompson, principle of the firm, commented, "We continue to see great traction in the hotel real estate space across all segments, brand fam...
Sports Complex & Hotel for Greenwood Indiana is Moving Forward Since Announced in 2007
BuildCentral | April 14, 2014
Hotel-Online and BuildCentral Add/Update 175 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. April 14, 2014 - Hotel-Online and BuildCentral have added or updated 175 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: Ybor City Hotel (Tampa, FL) Country Inn and Suites (Charlottesville, VA) Hotel and Conference Cent...
