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
HITEC Video Report: InvoTech Showcases Latest Labor Saving UHF-RFID Linen and Uniform Systems
InvoTech Systems | September 3, 2013
InvoTech Launches New Touch-Screen Controls for Bulk Laundry Cart Reading Station; Demonstrates Mobile Software and Wi-Fi Handheld Reader that Simplifies Uniform and Linen Inventory Management, Reduces Labor Hours LOS ANGELES, CA - September 3, 2013 - – InvoTech Systems, Inc., the leading provider of solutions that increase profitability for hotels, casinos, laundries and related industries, produced a 2-minute video highlighting its newest UHF-RFID System for Hotel Uniform and Linen management at the recent HITEC tradeshow in Minneapolis, MN. InvoTech celebrated 20 years of industry service and customer focused technology development...
New Property Manager for 411-Room The Westin Chicago North Shore
BuildCentral | September 3, 2013
Hotel-Online and BuildCentral Have Updated 215 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. September 3, 2013 - Hotel-Online and BuildCentral have reported 215 changes in personnel, property management and ownership in the Hotel Profiles database over the last two weeks. Many hotels are getting a fresh start with a new Owner, Property Manager or General Manager. Recommend your product or service to someone who might be looking for a change. Hotels Under New Management: Dallas Marriott Suites Medical/Market Center (Dallas, TX) Residence Inn Palm Desert (Palm Desert, CA) Resid...
Construction Slated to Start for 155-Room Cross County Shopping Center Hyatt Place in Q4 2013
BuildCentral | August 26, 2013
Hotel-Online and BuildCentral Add/Update 145 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 26, 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: Downtown Hotel - Hyatt Place (Asheville, NC) Laura Street Trio Development (Jacksonville, FL) Gra...
Wind Creek Wetumpka Casino Hotel Selects InvoTech RFID System to Manage Uniforms for Staff of 900
InvoTech Systems | August 19, 2013
New Property Chooses Reliable InvoTech Inventory Solution for Uniform Control and Operating Efficiency LOS ANGELES, CA - August 19, 2013 - InvoTech Systems, Inc. announced that the Wind Creek Wetumpka Casino and Hotel will install InvoTech's UHF-RFID Uniform System. The new-build property chose InvoTech to streamline the management of 8,000 uniforms for 900 employees. Click here for more information on InvoTech's Linen, Uniform, Laundry, and Security Systems. Wind Creek Wetumpka is the Poarch Band of Creek Indians' latest hotel and casino. The $246-million property is on schedule for completion in winter 2013/2014. "We are delighted to ...
The Smart Hotelier’s Guide to 2014 Digital Marketing Budget Planning
The Authors and HeBS Digital | August 14, 2013
By Max Starkov & Mariana Mechoso Safer Hoteliers, we have just passed the mid-year mark and it's time to plan your digital marketing budgets for next year. Budgeting season is the ideal time to assess your business objectives, as well as audit the performance of the initiatives you invested in this year. 2014 is expected to be another great year in hospitality. To start with the good news, travel demand is projected to be up by 3.3 percent while supply will be up only one percent (PKF). All three key performance metrics are expected to experience positive growth over the already robust growth in 2013. The U.S. hotel industry's occup...
888 Sepulveda Hotel Development Announced for El Segundo, CA
BuildCentral | August 12, 2013
Hotel-Online and BuildCentral Add/Update 93 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 12, 2013 - Hotel-Online and BuildCentral have added or updated 93 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 Hotel (Lexington, KY) Pittsburgh Technology Center Hotel (Pittsburgh, PA) The Greens at...
Hotel Assets Group Closes Seven Hotel Transactions In July
Hotel AG | August 5, 2013
ATLANTA - August 5, 2013 - Hotel AG announced today the firm closed 7 hotel transactions in the month of July. The hotels sold consisted of a 15-story CBD hotel in a top 25 market; a 12-story full service hotel in North Carolina; 1 full service hotel in the North Central US; 3 select service hotels located in Florida; and 1 small conference center resort hotel. Keith Thompson, principal of the firm, commented, "These recent transactions are representative of the various practice groups within Hotel AG including full service and select service assets." ...
Hotel Equities and Hotel Development Partners to Develop a Hampton Inn & Suites in Dunwoody, Georgia
Hotel Equities (HE) | August 5, 2013
Atlanta, GA-August 05, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) and its joint venture partner, Hotel Development Partners (HDP), recently gained City of Dunwoody approval to develop a mixed-use project in the Dunwoody/Perimeter Center area of Atlanta. This project will include a seven-story, 132-room Hampton Inn & Suites at the corner of Ashford Dunwoody Road and Perimeter Center North, just outside I-285 across from the highly popular Perimeter Center Mall in Dunwoody, Georgia. The location is approximately 12 miles from downtown Atlanta and 22 miles north of Hartsfield-Jackson International Airport. It stands wi...
La Quinta Inns & Suites Achieves Record-Breaking Growth in Second Quarter 2013
La Quinta | August 1, 2013
La Quinta Signs 34 New Franchise Agreements and Accelerates Brand's Growth Along Eastern Seaboard DALLAS (August 1, 2013) - La Quinta Inns & Suites announced results for the second quarter of 2013, which feature rapid growth in franchise development in the U.S. and internationally. In the second quarter of 2013: La Quinta awarded 34 new franchises, far exceeding the number for the same period in 2012. More than two-thirds of the new franchises awarded in the first half of 2013 were for new construction properties. The La Quinta brand accelerated its growth in the Eastern U.S., announcing new franchises in Springfield, Virgin...
Opportunity Knocks as Real Estate and Hospitality Execs Sense More Stable Foundation For Deal Making
EY | August 1, 2013
EY's global survey shows vast majority of senior real estate, hospitality and construction executives see global economy on the upswing, positioning industry for growth NEW YORK, 1 AUGUST 2013 - Real estate executives are far more confident about the global economy than they were just six months ago, according to EY's Global Capital Confidence Barometer for Real Estate, Hospitality and Construction. The report, which surveyed 117 senior executives from real estate, hospitality and construction (RHC) companies around the world, found there is increased optimism about the global economy. Eighty-five percent of those surveyed said the global ec...
Gila River Casinos Selects InvoTech RFID Uniform System for Three Casinos and Distribution Center
Gila River Gaming Enterprises, Inc. | July 30, 2013
Arizona Casino Operator Streamlines Uniform Processing, Reduces Labor Expense for Company-Wide Staff of 2,900 with More Than 36,000 Owned and Rented Uniform Items LOS ANGELES, CA – July 30, 2013 – InvoTech Systems, Inc. announced that Gila River Casinos implemented InvoTech's UHF-RFID Multi-Property Uniform System for three casinos and its corporate distribution center. InvoTech reduces labor costs and provides an increase in asset protection by streamlining processes for Gila River Casinos 20,000 owned and 16,000 rented uniforms. Click here for more information on InvoTech's Linen, Uniform, Laundry, and Security Systems. Gila River...
Engineer Named For Planning of Murfreesboro, TN Holiday Inn & Suites
BuildCentral | July 29, 2013
Hotel-Online and BuildCentral Add/Update 132 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 29, 2013 - Hotel-Online and BuildCentral have added or updated 132 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: Lake Flower Hotel (Saranac Lake, NY) Motor Club Hotel (Chicago, IL) South Village, Hotel (L...
Goulston & Storrs Names John Ratino Co-Chair of Hospitality & Recreation Group
Goulston & Storrs | July 24, 2013
Washington, DC – July 26, 2013 – Goulston & Storrs is pleased to announce that John Ratino has been named co-chair of the firm's Hospitality & Recreation group. In June 2013, Goulston & Storrs' Hospitality & Recreation group was recognized by Chambers USA: America's Leading Lawyers for Business for extraordinary client service and ranked nationally in the Leisure & Hospitality category by the well-regarded legal directory. One client noted in Chambers' published results, "they really understand us which enables us to move expeditiously and not have to bring them up to speed on deals." The expansion of the group w...
The Science of Sorting
REVPAR GURU | July 23, 2013
Many hotel revenue managers live and die by their page position on OTA default searches. From Expedia's Most Popular picks, to Orbitz' Best Bets, to Agoda's Recommended, all of these listings are at the top of search results because the specific OTA made a (very subjective) decision based on a million possible factors, including the relationship that a property has with their OTA market manager, the commission that a property is paying, payment status (paid in full, late payments, etc.), amount of inventory (including last-minute inventory) listed on the site and the pictures included in your property's listing, among many others. Some ...
Hotel Assets Group Involved in 127 Hotel Transactions Over Last 12 Months
Hotel AG | July 22, 2013
ATLANTA - July 22, 2013 - Hotel AG announced today the firm has been involved in 127 hotel transactions over the past 12 months. In the past 6 weeks, the firm has closed 10 transactions that range from select service hotels including Hilton Garden Inn and Courtyard brands to full service assets. The hotels are located throughout the major US regions and cover most brand families. Currently, Hotel AG has 196 hotels on the market with 41 hotels under sale agreement expected to close within the next several months. H. Keith Thompson, principal of the firm, stated, "The hotel real estate market today is at a fevered pitch and we are seeing ...
The Newly Renovated 124-room La Quinta Inn & Suites Boise Town Square Opens in Idaho
La Quinta | July 16, 2013
Owned by Boise Hotel Partners LC and Managed by Western States Lodging Management DALLAS (July 16, 2013) - La Quinta Inns & Suites announced the opening of the newly renovated La Quinta Inn & Suites at 6546 Boise Town Square, Boise, Idaho. The 124-room property is owned by Boise Hotel Partners LC, which invested in upgrades to the hotel's lobby area, breakfast area and rooms, in preparation for the re-opening as a La Quinta. It is managed by Western States Lodging Management. The hotel is located just minutes from local corporate headquarters, businesses, leisure attractions and Boise State University, as well as a wide variety of ...
Indianapolis Hotel Moves Forward After Stalling In 2010
BuildCentral | July 15, 2013
Hotel-Online and BuildCentral Add/Update 185 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 15, 2013 - 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: Mission Bay, Hotel and Apartments (San Francisco, CA) Arc of Indiana Hotel (Muncie, IN) Synergy Bus...
Are Your Sustainability Initiatives Missing a Critical Component? A Perspective on Risk
Kevin A. Goldstein & HVS Sustainability Services | July 9, 2013
by Kevin A. Goldstein This article provides a perspective on key areas of risk relating to investment into utility efficiency projects and sustainability initiatives, and how owners / operators can minimize exposure during all phases of investment into their properties. Since re-launching our Sustainability practice in late 2011, HVS has contended that sustainability initiatives should focus on utility efficiency and be driven by the bottom line. We believe that a valid business case exists for numerous types of investments in building equipment and enhanced operating practices, and across the hospitality sector there are literally thou...
New Property Manager for Hilton Garden Inn Fort Myers
BuildCentral | July 8, 2013
Hotel-Online and BuildCentral Have Updated 231 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. July 8, 2013 - Hotel-Online and BuildCentral have reported 231 changes in personnel, property management and ownership in the Hotel Profiles database over the last two weeks. Many hotels are getting a fresh start with a new Owner, Property Manager or General Manager. Recommend your product or service to someone who might be looking for a change. Hotels Under New Management: Hilton Garden Inn West Palm Beach Airport (West Palm Beach, FL) Embassy Suites Birmingham/Hoover (Birmingham, AL) ...
Fibra Inn Enters Agreement to Acquire Mexico’s Hotel Marriott Real Puebla for $27.8 Million
Fibra Inn | July 2, 2013
MONTERREY, Mexico - July 2, 2013 -- Deutsche Bank Mexico, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13) ("Fibra Inn" or "the Company"), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced today that it has signed an agreement for the purchase of the Marriott Real Puebla Hotel. The agreed price for this hotel was US$ 27.8 million, excluding taxes and acquisition expenses. This acquisition will be paid in cash with the proceeds from the initial public offering that took place on March 13, 2013. The Company is finalizing the necessary negotiations ...
The Carlyle Group and The Dow Hotel Company Acquire the 269-room Hilton Orrington/Evanston, Illinois
The Carlyle Group | July 1, 2013
EVANSTON, Ill./SEATTLE, Wash., July 1, 2013 - The Dow Hotel Company, LLC (DHC) , a hotel ownership, investment and management company, today announced that it has acquired in a joint venture with The Carlyle Group's (NASDAQ: CG) Carlyle Realty Partners VI, the 269-room, Four Diamond-rated Hilton Orrington hotel in Evanston, Ill. It is the third property acquired by DHC and its investment partners in the past nine months. DHC will operate the hotel. The hotel will undertake an approximate $6 million renovation/upgrade over the next 12 months. The improvements will focus primarily on guest rooms, corridors, upscale lounge and coffee conce...
Thayer Lodging Group Acquires the 338-room Ritz-Carlton, San Francisco
Thayer Lodging Group | July 1, 2013
NEW YORK, July 1, 2013 -- Thayer Lodging Group, a privately held investment company that produces strong Alpha Returns for investors in hotel real estate, announced the first investment of Thayer Fund VI – the acquisition of the 338-room Ritz-Carlton San Francisco, from Host Hotels and Resorts, Inc. (NYSE: HST). As part of a proprietary approach that helps enhance the appeal and increase the value of high profile hotels in major urban markets, Thayer intends to invest up to $17 million in the property in its first twenty-four months of ownership. Similar to the J.W. Marriott San Francisco, which Thayer acquired in 2011, Thayer's appro...
Architect Named for SBE Hotel Development in Seattle
BuildCentral | June 29, 2013
Hotel-Online and BuildCentral Add/Update 139 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 1, 2013 - Hotel-Online and BuildCentral have added or updated 139 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: Greenwich Street Hotel (New York, NY) Convention Center Hotel (Jackson, MS) Element by Westin Hotel (...
Ultima Hospitality Acquires the 202-room Boston Marlborough Courtyard by Marriott; Plans Renovation
Ultima Hospitality | June 28, 2013
CHICAGO, Ill. (June 28, 2013) - Ultima Hospitality, an industry-leading investment and hotel management company, announces the purchase, renovation and management of the Boston Marlborough Courtyard by Marriott. Located in the heart of Central Massachusetts, the 202-room hotel will undergo $2 million dollars in improvements including a redesign of meeting space, which will complement the recent renovation of the lobby, guestrooms, restaurant and public space. "The Greater Boston market is an area we have been, and remain focused on as a result of its existing demand and infrastructure, as well as its near and long-term growth potential,...
