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
Hotel Industry Outlook: Jim Butler’s Top 10 for 2014
January 20, 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 21 January 2014 Hotel Industry Outlook: Jim Butler's Top 10 for 2014 by Jim Butler | Chairman, JMBM's Global Hospitality Group® A lot of exciting things are happening in the hospitality industry as 2014 opens. Based upon more than $68 billion of hotel transactions, JMBM's Global Hospitality Group® has made its "top 10" pick of the events, issues, trends, and developments that will have the biggest impact on the hotel industry. 1. 2013 will prove to be better-than-expected, but 2014 will ...
Feasibility Study Starts for Planned USC Hotel and Conference Center
BuildCentral | January 20, 2014
Hotel-Online and BuildCentral Add/Update 168 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. January 20, 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: CIA Hotel (Hyde Park, NY) Ashford Dunwoody Hotel (Dunwoody, GA) Alta Colorado Lodge and Resort (L...
Comcast and Liberty Announce $1.2 Billion Philadelphia Skyscraper with New Four Seasons Hotel
Jim Butler | January 20, 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 20 January 2014 Hotel Lawyer on Hotel Mixed-Use. JMBM's hotel lawyers are proud to be the hotel legal and advisory team for the developers on the Four Seasons luxury hotel component of this spectacular project. This is one of the high-profile hotel-retail-office mixed-use projects we have been working on for more than a year. Hotel mixed-use is back! Hotels are being added to projects with retail, residential, office, entertainment and other uses -- and the multiple uses enhance each other...
Starwood & The Phoenician Get an Expensive (and unnecessary) Lesson in ADA Compliance. Who’s Next?
JMBM | January 16, 2014
For the most recent update on this topic, click here Hotel Lawyers | Authors of www.HotelLawBlog.com 16 January 2014 Hotel Lawyer with observations on the DOJ's ADA investigation of Starwood Hotels and The Phoenician, and the recent ADA Settlement Agreement. In January 2009, the Hotel Law Blog reported the Department of Justice's (DOJ) Americans with Disabilities Act (ADA) Time Square Manhattan Theater District sweep of nearly 60 hotels. See ADA Defense Lawyers: ADA Sweeps by Department of Justice - Coming to a theater district or hotel near you soon? At that time, Marty Orlick, Chair of JMBM's ADA Compliance and Defense Group - who re...
What the Target Data Security Breaches Mean for Hoteliers
JMBM | January 15, 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 15 January 2014 Hotel Lawyer: The growing problem of security breaches with sensitive customer information. The recent headlines about the Target and Neiman Marcus security breach with customer credit cards highlights a growing crisis that concerns owners and operator of hotels as well as retailers. In this article, Bob Braun, one of the senior members of our Global Hospitality Group® who focuses on data security -- when he is not working on hotel management or franchise agreements -- giv...
European Hotels Anticipate Positive Trading in 2014 but Must Adapt to Genuine Service Guest Demands
HVS | January 13, 2014
The hotel industry in the UK and across Europe is facing a positive 2014 with demand on the up from both leisure and corporate guests, transaction activity set to improve and lending becoming more easily available. Across Europe hotel development remains active with 360 hotel projects ongoing, an additional 60,000 rooms. Many are expected to open in 2014, with the balance in 2015 and 2016. A further 450 hotels (70,000 rooms) are currently at the planning stages, with the majority of projects to be found in the UK followed by Russia, Turkey, Germany and France*. Global hotel consultancy HVS London said that some 45% of the new rooms unde...
Hotel Commercial Investment & IHG to Open Holiday Inn® Dabrowa Gornicza Katowice in Poland in 2015
IHG (InterContinental Hotels Group) | January 13, 2014
January 13, 2104 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies today announced the signing of Holiday Inn® Dabrowa Gornicza Katowice in Poland. The hotel is scheduled to open in 2015. The franchise agreement with Hotel Commercial Investment to open Holiday Inn Dabrowa Gornicza Katowice will be the first Holiday Inn hotel in the area. The 160 room hotel featuring the Open Lobby Concept will be newly built close to exhibition centre EXPO Silesia and occupies a prime location in the greater Katowice area. The hotel's main driver of demand will be MICE travellers frequenting the exhibition hall. Marcin...
Hotel Lawyer: Something Everyone Buying or Building a Golf Course Should Know…
JMBM | January 6, 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 06 January 2014 Hotel Lawyer: Some lessons for the rising interest in golf. Golf courses are back in popularity -- for play, purchase and sale, and development. Whatever your involvement, you will likely find today's article by my partner Guy Maisnik to be interesting and helpful in avoiding unnecessary losses. Some other articles on golf are referenced at the end of this article. BUYING OR BUILDING A GOLF COURSE -- DUE DILIGENCE IS KEY by Guy Maisnik | Vice Chair of JMBM's Global Hospital...
JMBM’s Hotel Lawyers Help Chinese Real Estate Developer Buy 802-room Sheraton Gateway LAX for $96 M
JMBM | December 30, 2013
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 30 December 2013 The hotel lawyers of JMBM's Global Hospitality Group® and Chinese Investment Group™ assisted Hazens Investment, LLC, in the company's purchase of the 15-story, 802-room Sheraton Gateway LAX Hotel, located close to Los Angeles International Airport. Hazens Investment is a subsidiary of Shenzhen Hazens Real Estate Group Co. Ltd., one of the top 100 largest construction and development companies in China, based in Shenzhen, China. Hazens Investment and the seller, an affil...
70-Room Sessions Hotel Planned for Bristol, VA
BuildCentral | December 30, 2013
Hotel-Online and BuildCentral Add/Update 98 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. December 30, 2013 - Hotel-Online and BuildCentral have added or updated 98 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: Healdsburg Plaza Boutique Hotel (Healdsburg, CA) Phipps Plaza Hotel (Atlanta, GA) Amber Valley We...
Hotel Equities & JV Partner HDP to Develop 132-key Hampton Inn and Suites in Atlanta, Georgia
Hotel Equities (HE) | December 23, 2013
Atlanta, GA - December 23, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) signed a definitive agreement with Hilton Hotels to develop an upscale Hampton Inn & Suites in the Sterling Pointe development with its joint venture partner, Hotel Development Partners (HDP). The project will include four outparcels targeted for high-end restaurants and retail. Hotel Equities will manage the hotel and assist with the development. Opening is projected for early 2015. "We have seen pent-up demand for quality lodging assets in Atlanta's Perimeter Center area, making the location and timing for this project ideal." said Brad Rahinsky...
Warning for Hotel Investors Considering Golf Courses: Golf Courses are Different!
JMBM | December 16, 2013
They have different risks and require different skill sets. 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 16 December 2013 Hotel Lawyer with some insights on buying and developing golf courses. Hotel investors suddenly seem to be buying or building more golf courses. With the right expectations and circumstances, golf courses can make sense -- particularly as an amenity for hotels, residential development and other real estate. But as more hospitality clients look at golf courses, it seems appropriate to consider the drivers of this r...
Groundbreaking Takes Place for Hyatt Regency Galleria in Houston
BuildCentral | December 16, 2013
Hotel-Online and BuildCentral Add/Update 125 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. December 16, 2013 - Hotel-Online and BuildCentral have added or updated 125 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: Tyre Casino Resort (Tyre , NY) Doheny Hotel (Dana Point, CA) KY Horse Park Hotel (Lexington, KY)...
Hotel Equities Selected to Manage Four La Quinta Hotels in Tampa, Florida
Hotel Equities (HE) | December 9, 2013
Atlanta, GA - December 9, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage four La Quinta Inn & Suites hotels in the greater Tampa, Florida metro area with a total of 265 rooms. The four hotels include La Quinta Inn & Suites Clearwater South, La Quinta Inn & Suites St. Petersburg Northeast, La Quinta Inn & Suites Tampa Central and La Quinta Inn & Suites Tampa South. "Adding four additional properties in Tampa brings us to a total of 10 hotels in Florida and gives us great flexibility and synergy here," said Joe Reardon, Vice President of Business Development for HE. "We are work...
Hotel Construction Financing Arranged By Pacifica Capital & Brokerage, Inc.
Pacifica Capital & Brokerage, Inc. | December 9, 2013
DANA POINT, CA: December, 2013 - Chris A. Chiotis, Principal of Pacifica Capital & Brokerage, is pleased to announce his firm arranged the construction and permanent financing for the Hampton Inn & Suites, which is under development in Southern California. Pacifica arranged the financing through one of their many relationship lenders. "Pacifica's entrepreneurial approach and strong network of third party consultants together with their established banking relationships, allowed us to achieve the leverage we wanted and also provide assurance that we would be successful in developing our most recent Hilton product" according to Ch...
Hotel Lawyer: Surge of Activity Creates New Management Agreement Opportunities
JMBM | December 6, 2013
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 6 December 2013 Hotel Lawyer on the jump in hotel development and investment activity. These are getting to be pretty exciting times to be in the hotel business. Hotel industry fundamentals have continued to improve since the Great Recession and none of the experts see a particular event or reason that fundamentals will stall. Although occupancy growth rate is slowing in some sectors, ADR growth generally continues to drive greater profits to the bottom line. All this activity creates "man...
RFID Systems Provider InvoTech Names Jeff Welles President
InvoTech Systems | December 3, 2013
Industry Veteran to Focus on Customer Success; Will Continue to Leverage Emerging Technologies and Provide Superior Customer Service LOS ANGELES, CA - December 3, 2013 - InvoTech Systems, Inc. appointed Jeff Welles to the post of president. InvoTech is a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals and commercial laundry operators. InvoTech celebrated its 20-year anniversary in 2013 and more than 500 clients in over 20 countries. Welles brings 21 years of experience solving clients' business problems with advanced technologies to his new post. Click here f...
Construction Starts for Microtel Inn & Suites in Kenedy, Texas
BuildCentral | December 3, 2013
Hotel-Online and BuildCentral Add/Update 141 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. December 3, 2013 - Hotel-Online and BuildCentral have added or updated 141 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: Sunset/Doheny Hotel (West Hollywood, CA) Port Imperial Hotel Number Two (Weehawken, NJ) Hyatt Pl...
Hotel AG Closes 13 Hotel Transactions in November
Hotel AG | December 2, 2013
ATLANTA - December 2, 2013 - Hotel AG announced today the firm closed 13 hotel transactions during the month of November. The hotels sold consist of 5 Hampton Inn & Suites, 1 Hilton Garden Inn, 1 Residence Inn, 1 Staybridge Suite, 3 AmericInn hotels and 2 independent properties. The clients represented were CMBS servicers, balance sheet lenders, REITs, Asian rim investment groups and private companies. H. Keith Thompson, principal of the firm, commented, "These 13 recent closings were across the board in terms of product type, pricing, buyer profile, seller profile and valuation methodology. This real estate cycle is very diverse an...
Hotel Equities Selected to Manage Newly Converted 145-room La Quinta Inn & Suites Pittsburgh North
Hotel Equities (HE) | November 26, 2013
Atlanta, GA-November 26, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage the newly converted 145-room La Quinta Inn & Suites Pittsburgh North in Pittsburgh, Pennsylvania to its portfolio. "We are delighted to expand our portfolio in Pennsylvania with this well-positioned hotel in Pittsburgh," said Joe Reardon, Vice President of Business Development for HE. "Our management team looks forward to making this hotel the flagship property for the La Quinta brand by building a rewarding and profitable working partnership with the hotel's ownership group and adding value to their asset." The La Quinta...
Hotel AG Closes 6 Hotel Transactions in Last 18 Days
Hotel AG | November 19, 2013
ATLANTA - November 19, 2013 - Hotel AG announced today the firm closed 6 hotel transactions over the past 18 days. The hotels sold consist of a Austin, Texas Hampton Inn & Suites located at the Austin International Airport; a 2-property Hilton portfolio including a Hilton Garden Inn and a Hampton Inn & Suites; a hotel for Wells Fargo located in northern Florida; a hotel in a New England state for a CMBS special servicer; and an independent hotel for Ameris Bank located in the Southeast. Hotel AG partners involved in the transactions were Wendy Blissett, Michael Bernath, Andy Broad, Scott Foster, Tom Huegel, Bill Bowen and Rex Ca...
City Approval for Hermosa Boutique Hotel In California
BuildCentral | November 18, 2013
Hotel-Online and BuildCentral Add/Update 144 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 18, 2013 - Hotel-Online and BuildCentral have added or updated 144 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: White Sands Resort (Orange Beach, AL) Candlewood Suites (Canton, OH) Port Imperial Hotel and Re...
New “Tipping” Rules for 2014: Are you ready?
JMBM | November 12, 2013
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 12 November 2013 Hotel Lawyer with some tips for employers on handling tipping -- the new IRS Rules. Employer practices with tips at hotels and restaurants have spawned a lot of employee discontent, class actions and other litigation. Some employers have withheld all or a portion of employee tips to cover administrative costs and others have redistributed tips amongst employees, some of whom (like bus staff and kitchen crews) have no opportunity to earn tips. Even the IRS has gotten into the game by adopting new rules that go into effect in ...
Mark Carrier Elected as Incoming AH&LA Secretary/Treasurer
AH&LA | November 11, 2013
New York, NY, November 11, 2013 - The American Hotel & Lodging Association (AH&LA) has elected Mark Carrier, CHA, president of the B.F. Saul Company Hospitality Group, as incoming secretary/treasurer of the AH&LA board of directors. The B. F. Saul Company, founded in 1892, is a privately-held diversified real estate concern based in the Washington, D.C. region. The Hospitality Group owns and operates a portfolio of business class hotels, which are primarily affiliated with Intercontinental Hotels Group, Marriott, and Hilton, as well as The Hay-Adams, one of the nation's finest hotels. Carrier's leadership responsibilities in...
