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
SONIFI Solutions Names Ken Dufault as Senior Director, Hospitality Product Marketing
MMGY Global | April 3, 2014
FALLS, S. Dak. – SONIFI Solutions, the leading provider of end-to-end interactive content and connectivity solutions for hospitality and healthcare businesses, announces the appointment of Ken Dufault as Senior Director, Hospitality Product Marketing. Dufault joins the SONIFI Solutions team from Starwood Hotels and Resorts Worldwide, Inc. where he most recently served as Director of Global Property Technology Solutions. In his new role, Dufault will be responsible for ensuring that hospitality industry clients receive best of breed & industry leading solutions for their property needs. During his time with Starwood Hotels and Reso...
Spring Construction Start for Mesa Sheraton Hotel
BuildCentral | March 31, 2014
Hotel-Online and BuildCentral Add/Update 166 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. March 31, 2014 - Hotel-Online and BuildCentral have added or updated 166 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: LA Warner Center (Canoga Park , CA) Courtyard by Marriott Honolulu Airport (Honolulu, HI) 35th Str...
Cancun’s Largest Resort Chain, Palace Resorts, Automates Linen and Laundry Operations with InvoTech
Palace Resorts | March 25, 2014
InvoTech Increases Efficiency and Control for Palace Resorts' 7 Properties and Laundry Distribution Center LOS ANGELES - March 25, 2014 - Palace Resorts, the company that sets the standard in five-star, all-inclusive resort accommodations, recently installed the InvoTech Systems, Inc. Multi-Property RFID Linen and Laundry Systems for automated linen and laundry control and cost reduction. Palace Resorts implemented the InvoTech Linen System at all of its resort properties and installed InvoTech's Laundry System at the Palace Resorts laundry distribution center. The InvoTech Systems provide Palace Resorts with complete control over linen...
La Quinta Inns & Suites Shatters Three Guinness World Records® in 90 Minutes
La Quinta | March 19, 2014
Company Donates 2,500 Towels to Fisher House - Tripler Army Medical Center DALLAS (Mar. 19, 2014) – Throwing in the towel is not an option for La Quinta Inns & Suites who successfully achieved its first GUINNESS WORLD RECORDS® achievement in 2012 for the largest Human Mattress Dominoes. This year on March 14, the hotel company was at it again setting three Guinness World Records titles by creating the longest Human Towel Chain with 1,113 participants, the longest High-Five Chain with 1,110 participants and the largest Towel Mosaic that formed a 26,390 square foot U.S. flag. All three records were achieved in 90 minutes by...
Hospitality Funding, LLC Raises Equity and Debt for Fort Lauderdale Hotel Acquisition
Hospitality Funding | March 19, 2014
Boutique investment bank advises on the purchase of the Holiday Inn Express & Suites in Plantation, FL Palm Beach, FL — The Holiday Inn Express & Suites Plantation is the latest hotel to be acquired through a $50 million equity Joint Venture and related $100 million debt facility raised by Hospitality Funding, LLC. Hospitality Funding advised the buyer group, which consists of a leading hospitality asset management firm and a US-based investment management company. Management of the 156-room hotel has been transferred to Interstate Hotels & Resorts. When assessing the transaction, Hospitality Funding considered the followi...
Financial District Hotel in New York Seeks City Approval
BuildCentral | March 17, 2014
Hotel-Online and BuildCentral Add/Update 185 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. March 17, 2014 - Hotel-Online and BuildCentral have added or updated 185 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: 7th and Congress Hotel (Austin, TX) Westminster Hotel (Carlisle , PA) Red Lion Inn (Polson, MT) El...
One Hotel Closing Every Five Days
Hotel AG | March 17, 2014
ATLANTA - March 17, 2014 - Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the past 3 1/2 years. The firm has closed 26 hotel transactions over the past 18 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 northeast and along the eastern seaboard through the Midwest states. "2014 looks to be a strong transaction year for Hotel AG. Our client base has grown as well as the product type of current engagements. We have 16 portfolios on the mark...
Flip.to Gives a Big Boost to dana hotel and spa’s Total Web Traffic
Fairfield Inn & Suites by Marriott | March 6, 2014
Orlando, FL — March 7, 2014 — In the first two months of going live with Flip.to, the brand advocate platform for hotels, the web traffic for the dana hotel and spa has grown a full 10% year over year. This new traffic consists of friends, relatives & colleagues of current guests directed to the hotel's website to learn more about the hotel and earn an incentive towards a future stay. Liana Clark, Director of Sales and Marketing for the dana, added, "Our hotel has a well established web presence yet we are always looking for inventive ways to drive exposure for our website. Flip.to provides that with a twist. The new lookers are...
Should Your Hotel be Managed by an Operator of Independent Hotels?
JMBM | March 4, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 4 March 2014 Hotel Lawyer with a guest column from an operator of independent hotels A growing number of hotel owners are facing the question of whether and how to brand their hotels, and who should operate them. The New York Times recently estimated that more than 2,500 hotels were reflagged in a single year, and that does not count the growing wave of new hotels coming on line through the development pipeline. The hotel lawyers of JMBM's Global Hospitality Group® think the branding and ...
European Hotel Transactions Reach New Peak in 2013, Up 39% Over 2012, Says HVS Report
HVS | March 3, 2014
3 March 2014 - European hotel transaction volume in 2013 reached a new peak since the onset of the global financial crisis, signalling a comeback of the hotel real estate market. The 2013 European Hotel Transactions article, published by HVS London to coincide with the International Hotel Investment Forum [Berlin, 3-5 March], reports that total transaction volume across Europe reached €7.7 billion in 2013, a 39% increase on the €5.6 billion recorded in 2012. The first quarter of 2013 accounted for more than half of the year's total transaction volume, totalling €4.2 billion. "The European hotel industry has signalled positive tren...
Construction Slated to Begin in Spring 2014 for The Hotel Covington Kentucky
BuildCentral | March 3, 2014
Hotel-Online and BuildCentral Add/Update 176 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. March 3, 2014 - Hotel-Online and BuildCentral have added or updated 176 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: Jupiter Pointe Marina Hotel (Jupiter, FL) TK Tripps Hotel (Asheville, NC) Hotel Eleven (Austin, TX) ...
Investor Interest in Europe’s Hotels Improves as Economic Recovery Boosts Demand, Says HVS London
HVS | February 27, 2014
27 February 2014 - Hotel values for the majority of the key European cities have grown during 2013, according to the 2014 European Hotel Valuation Index (HVI) published this week by global hotel consultancy HVS London. Hotel values are expected to continue to increase as the lending environment becomes more favourable and the economic recovery improves demand. The European Hotel Valuation Index monitors annual percentage changes in the values of typically four- and five-star hotels in 33 European cities. An index is calculated ranking each market relative to a European average, as well as an average value per room for each market. Most ...
Hotel Franchise Lawyer: 8 Things to Negotiate in Your Next Franchise Agreement
JMBM | February 27, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 27 February 2014 The ascendancy of hotel franchise agreements. Branded hotel franchise agreements continue their rise to dominance in the hotel landscape. Hotel management agreements are not dead, but the advantages of having a hotel operator independent of the brand have been widely recognized and continue to propel the franchise model. (The considerations of branding and using branded (versus independent) management are discussed at length in "When should you choose a brand for your hote...
149-Room Hyatt House Hotel Planned for Irvine, CA
BuildCentral | February 17, 2014
Hotel-Online and BuildCentral Add/Update 158 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. February 17, 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: FM 620 Hotel (Austin, TX) Fairview Avenue Hotel (Seattle, WA) Cambria Suites Hotel (Schaumburg, ...
Casino Rama Installs InvoTech Uniform System; Reduces Labor 15 Hours Daily
InvoTech Systems | February 13, 2014
New UHF-RFID System Helps Luxury Resort Grow with Greater Efficiency, Automated Uniform Laundry Processing LOS ANGELES, CA - February 13, 2014 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry operators, announced Canada's Casino Rama implemented its Uniform System to track and maintain the asset value of the casino resort's 15,000 uniforms. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. "Our team estimates we save 15 hours a day in labor with InvoTech. This is huge," said H...
JMBM’s Chinese Investment Group™ Announces Successful Acquisitions in the U.S. for Chinese Clients
JMBM | February 10, 2014
Promotes Eudeen Chang to Vice Chairman of the Group By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 10 February 2014 Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the successful closing of a number of hotel and real estate purchases by members of its Chinese Investment Group™, and the promotion of Eudeen Chang to Vice Chairman of the Group. Chang is a founding member of the Group as well as a senior member of the Firm's JMBM's internationally recognized Global Hospitality Group®. The attorneys in JMBM's Chinese Investment Group™ help Chinese investors make in...
Plans for Oxford Suites Paso Robles in California Approved by City
BuildCentral | February 3, 2014
Hotel-Online and BuildCentral Add/Update 167 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. February 3, 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: Harbor Bay Club Hotel (Alameda , CA) Statler Hotel Site Redevelopment/Fitzgerald Place Complex (D...
InvoTech Systems Installs Uniform, Linen, and Laundry Management Systems at Canouan Resort
InvoTech Systems | January 30, 2014
Luxury Caribbean Resort Implements UHF-RFID Inventory Tracking Systems to Control High-Value Uniform and Linen Assets LOS ANGELES, CA - January 30, 2014 - InvoTech Systems, Inc. announced that the luxury Canouan Resort on Canouan Island Heart of the Grenadines installed the InvoTech UHF-RFID System for managing the resort's uniforms, linens, and laundry operations. InvoTech is a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry operators. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. InvoTech Uniform,...
Hotel Management Agreements: 5 Things to Keep in Mind When You Look for a Hotel Operator
JMBM | January 24, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 24 January 2014 As the economy and the hotel industry fundamentals continue to improve, hotel values have recovered to pre-recession levels in many of the top 35 hotel markets, the number of hotel transactions has jumped and new capital is pouring into hotels. This new capital -- whether focused on new, ground-up development, or the purchase of neglected assets with a view to deep renovation and rebranding -- is increasingly seeking new brands and management for their hotels. We have not s...
New outsourced revenue management startup in Orlando
BestRev.com | January 23, 2014
BestRev, LLC, is a new revenue management consulting startup, based in the Orlando, FL area. With core competencies in the areas of revenue management, rate and inventory management, online distribution and channel management, the team at BestRev is now offering their services to independent and franchise hotel properties of all sizes. According to CEO and co-founder, Zephyr Gentry, "We recognize the need that independent and franchise owners have every day: for solid expertise and know-how in the ever-changing world of e-commerce, as it relates to hotels specifically, and the travel industry, in general. The old approaches just don't w...
InvoTech and T-Y Group Partner to Simplify Linen Supply and Control for Grand Beach Hotel Surfside
InvoTech Systems | January 22, 2014
Miami's Luxury Grand Beach Hotel Surfside Opens with Easy-Install UHF-RFID Linen System to Protect Valuable Assets LOS ANGELES, CA - January 22, 2014 - InvoTech Systems, Inc. announced that the Grand Beach Hotel Surfside installed InvoTech's UHF-RFID Linen System to protect the property's high-value linen investment. T-Y Group provided the hotel with 50,000 linen items pre-tagged with durable UHF-RFID laundry tags to enable instant, simplified linen inventory and tracking. InvoTech is a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry o...
Hotel Equities to Develop $52 Million 175-key Residence Inn in Miami Beach/Surfside, Florida
Hotel Equities (HE) | January 21, 2014
Atlanta, GA-January 21, 2014 - Hotel Equities (www.hotelequities.com), an Atlanta-based hotel management, ownership and development company, announced the execution of a Marriott franchise agreement to develop a new construction $52 million resort-style Residence Inn by Marriott in Miami Beach/Surfside, Florida. Industry veteran and award-winning hotelier Fred Cerrone founded Hotel Equities and serves as the President and CEO. The firm has grown from one hotel in Atlanta to a nationally recognized portfolio of more than 45 properties. Hotel Equities will co-develop the 175-room one-of-a kind hotel in conjunction with Hotel Development P...
Twenty Four Seven Hotels Adds TownePlace Suites Sacramento Cal Expo to Portfolio
Twenty Four Seven Hotels | January 20, 2014
Newport Beach CA, January 21,2014 – Twenty Four Seven Hotels expands its portfolio with the addition of the TownePlace Suites Sacramento Cal Expo. The hotel has 117 studio, one-bedroom and two-bedroom residential-style suites, offering 25% more space than traditional hotel rooms. The hotel features In a Pinch 24/7 food/beverage pantry, complimentary breakfast, free Wi-Fi throughout the hotel, outdoor pool exercise room, on-site business services and complimentary weekday USA Today in the lobby. The hotel is pet-friendly and discounts rates based on length of stay. TownePlace Suites Sacramento Cal Expo is within walking distance to Cal...
HVS Releases 2013-2014 Hotel Development Cost Survey
Elaine Sahlins of HVS | January 20, 2014
2013 Development Costs Rise; Market-by-Market Development Uneven HVS has released the HVS Hotel Development Cost Survey for 2013-2014, which incorporates a range of data sources including development budgets, material and labor costs indexes, and input from industry professionals, to track hotel construction costs in the United States. According to HVS San Francisco Senior Vice President Elaine Sahlins, author of the Survey, research shows that by the end of 2013, the hotel investment market as a whole had largely recovered from previous recessionary years, but the trend in market-by-market hotel development has been uneven. "The hotel ...
