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
Pool Lift Litigation Proliferates. Why Enterprise-Wide Compliance is the Best Solution
JMBM | November 8, 2013
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 8 November 2013 It has been almost a year since the Department of Justice's ADA requirement for fixed or permanent pool lifts in "places of public accommodation" has been in effect. Now a fact (and cost) of doing business in the hospitality industry, many of our clients and friends in the industry are asking, "what's the result of all this activity, what's going on now?" Well, after all the lobbying, education, handwringing, headaches, counseling, and expense, we can say .... things went pretty much as predicted: Many hotel owners complied...
Hotel Assets Group Closes 5 Hotel Transactions in October
Hotel AG | November 4, 2013
ATLANTA - November 4, 2013 - Hotel AG announced today the firm closed 5 hotel transactions in the month of October. The hotels sold consisted of a Hilton Garden Inn and Hampton Inn & Suites in Nanuet, NY; a StayBridge Suites in Mt. Laurel, NJ; a bank-owned hotel located on the west coast and a Best Western located in Jacksonville, Florida. Hotel AG senior partners involved in the transactions included Andy Broad, Brad Sinclair, Tom Huegel and Michael Bernath. Keith Thompson, principal of the firm, commented, "These 5 recent transactions were all private owned and private buyers and continue to represent the strength of this current ...
AC Hotel in Cincinnati Announces Marriott As Brand
BuildCentral | November 4, 2013
Hotel-Online and BuildCentral Add/Update 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. November 4, 2013 - Hotel-Online and BuildCentral have added or updated 136 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 Vine Inn and Suites (Los Angeles, CA) Dallas Midtown Hotels (Dallas, TX) 8 Maiden Lane Hotel ...
Europe Sees Highest Level of Hotel Transactions Since 2007, Says HVS London
HVS | November 1, 2013
With three quarters of the year now completed, 2013 continues on track to record the highest level of European hotel sales since 2007, although with momentum trailing off from the very strong levels of activity seen in Q4 2012 and particularly Q1 2013 (with reduced recent activity being due to a relative shortage of properties currently on the market). Total sales for 2013 are expected to surpass the €.7 billion recorded in 2011, although still being far below the €.15 billion to €.20 billion recorded in each of the boom years of 2005, 2006 and 2007, when the easy availability of substantial debt finance led to an unprecedented le...
ThistleDown Racino Implements InvoTech Systems to Protect Investment in 10,000 Designer Uniforms
InvoTech Systems | October 31, 2013
At IHM&RS Visit InvoTech in Booth # 3120 with T-Y Group November 9 – 12, Jacob K. Javits Center, NYC ThistleDown Racetrack Reopens as ThistleDown Racino by Caesars Entertainment; InvoTech Tracks New Staff Uniforms for Upscale Racino LOS ANGELES, CA - October 31, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, announced ThistleDown Racino implemented its Uniform System to track uniforms for its 900 team members. ThistleDown Racetrack recently reopened as a Racino (racetrack-casino) operated by Caes...
150-Room AC Hotel Development Announced for Miami Beach
BuildCentral | October 21, 2013
Hotel-Online and BuildCentral Add/Update 158 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 21, 2013 - 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: Upmarket Hotel (Hackensack, NJ) 10-12 Maiden Lane Hotel (New York, NY) Gulfview Hotel Development...
Video Report: InvoTech Demonstrates Automated Linen Operations using UHF-RFID Technology
InvoTech Systems | October 16, 2013
Laundry Cart Reading Station Counts and Records High-Volume Linens Instantly; Automatically Emails Production Reports to Housekeeping and the Laundry Manager with Real-Time Accurate Information LOS ANGELES, CA - October 16, 2013 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, and commercial laundry operators, produced a video demonstration of its Linen Management System's UHF-RFID Laundry Cart Reading Station. InvoTech is recognized globally for its reliable, easy-to-use systems that save companies time and money. Click here for more informa...
Prosperity Equals Accuracy When it Comes to Hotel Budgets / Robert Mandelbaum & Viet Vo
Robert Mandelbaum and Viet Vo of PKF Hospitality Research | October 15, 2013
Since 2001, PKF Hospitality Research, LLC (PKF-HR) has assessed the accuracy of hotel budgets. Over the past 12 years, one trend has become very predictable. During times of industry prosperity, hotel budgets are extremely accurate. During the depths of the 2001 and 2009 industry recessions, hotel managers underestimated their revenue levels by an average of 10.4 percent, while the profit deficits averaged 23.4 percent. Conversely, when market conditions were on the rise, the budget variance for revenues was a positive 1.2 percent on average, while profit goals were exceeded by 3.4 percent. For the purpose of this analysis, profits are ...
1375-Room Luxury, New York Hotel Confirms General Contractor and Brand
BuildCentral | October 7, 2013
Hotel-Online and BuildCentral Add/Update 193 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. October 7, 2013 - 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: Johnnie Dodds Hotel (Mount Pleasant, SC) Boutique Hotel (Ocala, FL) Saxony Life Advocate Center ...
Andaz Maui Wailea Opens with Staff of 300 and InvoTech for Fast, Reliable RFID Uniform Management
Andaz Maui at Wailea Resort & Spa | October 2, 2013
Luxury Property Uses InvoTech Systems' Wireless Handheld Readers to Manage 3,000 Uniforms. Operates with Less Labor; Counts and Tracks Hundreds of Uniforms in Seconds. LOS ANGELES, CA - October 2, 2013 - InvoTech Systems, Inc. announced Hyatt's Andaz Maui at Wailea installed the InvoTech UHF-RFID Uniform System to automate management of 3,000 uniforms for its staff of 300. The uniform management system is integrated with the U-Pick-It automated uniform delivery system from White Conveyors that puts uniforms in employees' hands quickly. InvoTech's system includes UHF-RFID handheld readers that enable instant uniform tracking via the prop...
Hotel AG Closes 5 Hotel Transactions in September
Hotel AG | October 1, 2013
ATLANTA - October 1, 2013 - Hotel AG announced today the firm closed 5 hotel transactions in the month of September. The hotels sold consisted of a large Hampton Inn & Suites in the Northeast, a 12-story Fairfield Inn & Suites located in a top 25 CBD market, a Sleep Inn in Florida, a university-owned boutique asset in the Southeast and a high-end independent hotel located in an affluent beach resort. Keith Thompson, principal of Hotel AG, commented, "These recent transactions represent a fairly broad ownership base and continue to demonstrate the strength of today's hotel transaction market." ...
Rethink and Reinvent Hospitality Marketing
Full Lock Media | September 26, 2013
Full Lock Media, a boutique media and production company, invites you to reimagine the way you reach your current and potential clientele. We invite you to experience your market through our eyes. Over the years, we have had the opportunity to showcase some of the most beautiful properties both near and far. By combining our cinematic approach, aerial capabilities and unique editing we capture the emotional appeal your property and message wish to convey. For a more complete and thorough experience of our work, which is over 100 properties deep at this point and growing, visit www.fulllock.com . There you will find a glimpse into our fi...
De Jongh: Government Issues Expression of Interest for Potential Hotel Development on Water Island
REVPAR International | September 25, 2013
Community input into development that affects residential communities is an issue that Governor John P. de Jongh Jr. admits is personal to him. Water Island is no exception to that rule and earlier this month, de Jongh held a meeting with Water Island residents to address management issues and to announce the issuance of an Expression of Interest for potential hotel development on the island. "We believe that a boutique hotel on Water Island not only provides for further economic activity on the island but a first-step on rebranding our offerings through a public-private partnership that leverages government resources. But, success is o...
Developers Revealed for Boomerang Lodge Redevelopment Hotel in Aspen, Colorado
BuildCentral | September 23, 2013
Hotel-Online and BuildCentral Add/Update 145 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. September 23, 2013 - Hotel-Online and BuildCentral have added or updated 145 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 Quinta Inn & Suites (College Station, TX) Philadelphia Avenue Hotel (Ocean City, MD) 233...
NOW is the Best Time to Buy or Sell a Hotel in Many Years
September 23, 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 23 September 2013 A version of this article was first published in the September 21, 2013 issue of Hotel Business. The number of hotel transactions is up by more than 50% for the first 6 months of 2013 over the comparable period last year, and is expected to top $18 billion for 2013, according to Jones Lang LaSalle. And HVS reports that the sales transaction volume of hotels is now intersecting its 22-year moving average, and predicts that hotel values will continue to grow at an average o...
Hollywood Consults Hilton College’s Hospitality Industry Archives for New Ron Howard Film “Rush”
Conrad N. Hilton College of Hotel and Restaurant Management | September 20, 2013
HOUSTON—"Rush," the latest movie from Oscar-winning director Ron Howard, tells the real-life tale of 1970s-era Formula One drivers James Hunt and Nikki Lauda. Included in the story of their racing rivalry and famed 1976 championship season is a history lesson from the University of Houston Conrad N. Hilton College of Hotel and Restaurant Management. "The art directors contacted me interested in images of hotel rooms and lobbies, circa the 1970s, in hopes of recreating those in their sets," said Dr. Mark Young, Hilton College's historian and director of the Hospitality Industry Archives. "They were interested in images of the Tokyo Hil...
Robert T. Koger—Hotel Lawyer with the FBI Affidavit that Helped Put Koger Behind Bars
September 20, 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 20 September 2013 The hotel world has been fascinated by the civil litigation and criminal actions swirling around the former President and owner of Molinaro Koger, Robert T. Koger. In response to many inquiries, the hotel lawyers of JMBM's Global Hospitality Group® has posted the 17-page affidavit sworn to by an FBI special agent with more than 17 years of experience, most of it in investigating white collar crimes like those charged against Koger. If you just want the highlights, see th...
Hyatt Regency Houston Installs InvoTech Uniform System
Hyatt Regency Houston | September 17, 2013
InvoTech Creates "100% More Efficient Operation;" High-Occupancy Business Hotel Automates Uniform Management for Staff of 400; Tracks 2,000 Uniforms with Easy-to-Use System LOS ANGELES, CA - September 17, 2013 - InvoTech Systems, Inc. announced that the Hyatt Regency Houston installed the InvoTech Uniform System for more efficient uniform tracking for its staff of 400. The 947-room business hotel uses InvoTech to reduce labor hours and uniform losses through its management of more than 2,000 uniforms. Click here for more information on InvoTech's Linen, Uniform, Laundry, and Security Systems. "Hyatt Regency Houston has a large staff. So...
Find the Balance in Hospitality Service
BSC Designer | September 17, 2013
One of the buzz-word business concept in last 20 years was the Balanced Scorecard. It was adopted by biggest retailers, banks, IT companies, hospitals and universities. The unique features of the Balanced Scorecard concept help companies all over the word to put together strategy and action, improving service and client satisfaction as a result. Hospitality industry is not an exception, the Balanced Scorecard concept is successfully used in many large hotel chain as well as in local bed and breakfasts. Balanced Scorecard Basics Any business website will tell you that there are 4 perspectives in the Balanced Scorecard: Education and Grow...
Robert T. Koger of Molinaro Koger is Arrested and Put Behind Bars
September 12, 2013
A shocking course of continuing fraudulent conduct is unveiled by the JMBM Global Hospitality Group® 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 12 September 2013 Hotel Lawyer with the latest on the arrest and jailing of Rob Koger, formerly of Molinaro Koger There are some significant new developments in the saga of Robert T. ("Rob") Koger and the high profile civil and criminal cases surrounding him. Here is the latest. (Earlier articles are cited below.) On Monday, September 9, 2013, Robert T. Koger, 47, was arrested and brought ...
Architect Announced for 150-Room Downtown Asheville Hyatt Hotel
BuildCentral | September 9, 2013
Hotel-Online and BuildCentral Add/Update 100 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. September 9, 2013 - Hotel-Online and BuildCentral have added or updated 100 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: Hampton Inn (Tallahassee, FL) Industrial District Hotel (Plymouth Charter Township, MI) UC Irv...
Founders of La Quinta, Lettuce Entertain You Enterprises to Enter Hospitality Hall of Honor
Conrad N. Hilton College of Hotel and Restaurant Management | September 5, 2013
HOUSTON—Pioneering hotelier Sam Barshop and successful restaurateur Richard Melman will be inducted into the Hospitality Industry Hall of Honor this year at the University of Houston's Conrad N. Hilton College of Hotel and Restaurant Management. The Hall of Honor, which is housed at Hilton College, was created in 1995 to recognize industry leaders who have made extraordinary contributions to American and international business and society. Barshop, founder of La Quinta Inns & Suites and creator of the limited-service hotel concept, is a Texas native whose lodging career began in San Antonio in 1963. In 1968, he opened the first tw...
NATHIC 2013 Moves to Chicago, Becoming Midwest’s Sole Investment Event
Questex Hospitality + Travel | September 4, 2013
NEW YORK (Sept. 4, 2013) ─ Questex Hospitality + Travel, the world's largest multinational media, event and e-commerce company serving the global hospitality and travel industry, today announced that its North America Hotel Investment Conference (NATHIC) will be held Nov. 20-22 at the newly renovated Hyatt Chicago Magnificent Mile, becoming the only event of its kind in the Midwest. Now in its fifth year, the two-day event, previously held in Washington, has been re-energized with a new venue and enhanced agenda including a hospitality real estate showcase with top brokers and a "hotel shark tank" competition based on the popular real...
Hotel Assets Group Closes Five Hotel Transactions in August
Hotel AG | September 3, 2013
ATLANTA - September 3, 2013 - Hotel AG announced today the firm closed 5 hotel transactions in the month of August. The hotels sold consisted of 1 Hilton, 1 Marriott, 2 Choice brands and 1 bank-owned independent property. All 5 assets were select service hotels located from the Northeast to the Mid West. Brad Sinclair, a senior partner with Hotel AG, commented, "The market today is very transaction friendly and buyers are still able to realize accretive value." Andy Broad, also a senior partner with the firm, further commented, "With the recent movement in the public debt markets, the buying community seems to have accelerated in the de...
