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
Civitas Capital Group Closes on Dual-Branded Hampton Inn by Hilton & Homewood Suites by Hilton in Silver Spring, Maryland
Civitas Capital Group | May 9, 2019
SILVER SPRING, Md., May 9, 2019 -- Civitas Capital Group ("Civitas"), a leading independent specialty asset management and financial services firm, has closed on the acquisition of a dual-branded Hampton Inn by Hilton Silver Spring and Homewood Suites by Hilton Silver Spring property in Maryland. Hampton Inn by Hilton Silver Spring and Homewood Suites by Hilton Silver Spring is a 239-room hotel that integrates the corporate and leisure icon Hampton Inn by Hilton with the top-tier, extended-stay brand Homewood Suites by Hilton. The property was originally developed as an office building in 1969 and converted to a hotel in 2009. "Silver S...
IIG Partners With Good Shepherd Hospitality for New Boutique Hotel in Downtown Clemson, South Carolina
Interior Image Group | May 9, 2019
CLEMSON, S.C. -- Good Shepherd Pavilion LLC, recently announced boutique hospitality design firm IIG as the company that will design The Shepherd Hotel, a hotel set to open to the public in late 2020. Located in downtown Clemson and within view of Clemson University, the hotel will provide an opportunity to employ a large percentage of its workforce to those with learning and intellectual disabilities. The design of the hotel will reflect The Shepherd Hotel mission to inspire and welcome all guests. The idea for the hotel originated with co-founder Rick Hayduk, a seasoned luxury hotel leader. His daughter Jamison, who has Down syndrome,...
Wyndham Debuts Trademark Collection in Latin America with Opening of Costa Blu Beach Resort
Trademark Collection by Wyndham | May 9, 2019
PARSIPPANY, N.J., May 9, 2019 -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,200 hotels across more than 80 countries, today announced the arrival of its Trademark Collection® by Wyndham soft-brand to Latin America and the Caribbean with the addition of the Costa Blu Beach Resort in Belize. Located seven miles north of San Pedro Town on the scenic Ambergris Caye, the exclusive, 38-suite, adults-only beach-front resort is located in one of the region's most sought after vacation destinations and is just offshore of the Belize Barrier Reef, the second largest barrier reef in...
La Quinta Inn & Suites San Luis Obispo by Wyndam Opens in California
May 8, 2019
May 09-- May 9--After six years of planning, a new three-story hotel is now open on upper Monterey Street in San Luis Obispo. And a restaurant where Pappy McGregor's used to operate, a new business called 1865 Craft House & Kitchen, opens to the public on Monday. La Quinta Inn & Suites San Luis Obispo by Wyndam, formerly called The Monterey Hotel, opened last week at 1845 Monterey St. The hotel, a project developed by Andrew Firestone's company StonePark Capital, in partnership with La Quinta, features 102 rooms, with a skybridge the connects two wings of the hotel. The price range for the new hotel is $150 to $200 a night...
Radisson Hotel Zurich Airport Opens Following Renovation and Rebranding
May 8, 2019
Radisson Hospitality AB, part of the Radisson Hotel Group, is pleased to announce the opening of the Radisson Hotel Zurich Airport following a comprehensive reconstruction and rebranding. Arriving in Switzerland's largest city, the hotel will be the second Radisson-branded property to open in Europe – and the first in the German-speaking region – when it opens on 15 May 2019. As part of a repositioning and rebranding strategy, the former Park Inn by Radisson Zürich Airport in Rümlang has reopened under the Radisson brand. This is all part of the group's plan to introduce the sophisticated upscale full-service hotel...
Hospitality Properties Trust Acquires Wisconsin’s Crowne Plaza Milwaukee West for $30 Million
| May 8, 2019
NEWTON, Mass. -- Hospitality Properties Trust (Nasdaq: HPT) today announced it has completed the purchase of the 198-room Crowne Plaza Milwaukee West in Milwaukee, WI for $30.0 million, or approximately $151,500 per key. The hotel will be added to HPT's existing agreement with Intercontinental Hotels Group. "The Crowne Plaza Milwaukee West is ideally located in an economically vibrant suburban community just west of downtown," said John Murray, Hospitality Properties Trust's President and Chief Executive Officer. "Built in 2008, this full service hotel is supported by strong demand generators from the area's healthcare, technology and i...
The 2019 LIIC Top Ten — Hotel Real Estate: Mostly Sunny Days Clouded by Labor Issues
Jim Butler | May 8, 2019
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 08 May 2019 Greetings from Los Angeles and the beautiful Hyatt Regency LAX! Yesrerday, we kicked off Meet the Money® 2019 – the National Hotel Finance & Investment Conference hosted by JMBM's Global Hospitality Group® – with the LIIC Top Ten. Presented by my friend, Mike Cahill, CEO and Founder of HREC and one of LIIC's co-chairmen, the LIIC Top Ten reflects the perspectives of the industry's most active members in the hospitality market. — Jim About the LIIC Top Ten For the past 15 years, the members of the ...
Crescent Hotels & Resorts Adds Pointe Hilton Squaw Peak Resort, Joins Crescent’s Latitudes Collection
Crescent Hotels & Resorts | May 8, 2019
Phoenix, AZ (May 8, 2019) – The all-suite Pointe Hilton Squaw Peak Resort is one of the most unique and impressive resort properties in the Southwest. A veritable oasis suited to business travelers and families alike, the resort is located on 27 acres and bordered by 3,000 acres of scenic Sonoran desert in the adjacent mountain preserve, boasting a water park, full conference services and luxury accommodations and amenities. Crescent & Latitudes, based in Fairfax, Virginia is a nationally recognized operator of major hotels, resorts and conference centers throughout the United States and Canada. Nestled in the slopes of the Phoenix N...
Hotel Indigo Winston-Salem Downtown Opens in Historic Pepper Building, a 1928 Art Deco Landmark
Evolution Hospitality | May 8, 2019
(WINSTON-SALEM, NC) May 8, 2019 – Hotel Indigo Winston-Salem Downtown, has officially opened its doors in the historic Pepper Building at Fourth and Liberty Streets, revitalizing a 1928 Winston-Salem art deco landmark and bringing a stylish boutique hotel experience to the city's vibrant arts district. The property, owned by Mayfair Street Partners and managed by Aimbridge Hospitality, includes 75 guestrooms, nearly 1,600 square feet of meeting space and the newly-opened Sir Winston, a signature restaurant and wine loft concept specializing in Southern cuisine with a European influence. Hotel Indigo Winston-Salem Downtown becomes ...
Birchington to Break Ground on 247-Room Holiday Inn Express in Washington, DC’s Mount Vernon Triangle Neighborhood
| May 7, 2019
Washington, DC, May 7, 2019 – A 247-room Holiday Inn Express hotel will break ground this month in Washington, DC's Mount Vernon Triangle neighborhood. Birchington LLC, owned by Habte Sequar, closed on a construction loan from Atlanta-based Stonehill Strategic Capital to commence construction on the $93 million project. Projected to open in the fourth quarter of 2020, the 14-story hotel will be located at 317 K Street, NW on the northeast corner of 4th and K. This site is just three blocks east of the highly anticipated downtown Apple Store in the historic Carnegie Library, scheduled to open this week, as well as the Walter E. Was...
MCR Acquires Two Properties in Northwest Indianapolis
MCR | May 7, 2019
NEW YORK, NY / MAY 7, 2019 Revved up about Indy! MCR, the sixth-largest hotel owner-operator in the United States, has acquired two hotels in the Racing Capital of the World, the 110-room Hampton Inn Indianapolis Northwest – Park 100 and the 78-room Residence Inn by Marriott Indianapolis Northwest. Both properties are less than 10 miles from the legendary Indianapolis Motor Speedway, home of the thrilling Indy 500 car race. Every Memorial Day weekend, the 33 greatest drivers in the sport go full throttle for 200 laps around a 2.5-mile oval circuit in a quest for glory — and the traditional bottle of cold milk that goes to th...
Hospitality Management Corporation to Manage Missouri’s D’Monaco Luxury Resort
Hospitality Management Corporation (HMC) | May 7, 2019
Dallas, TX – Leo Spriggs, President and CEO of Hospitality Management Corporation (HMC), is pleased to share the addition of this 55-unit D'Monaco Luxury Resort, to their portfolio of managed properties. HMC continues its ongoing business expansion which is made up of full service, conference center, select service and limited service hotels. HMC is one of the country's largest third-party privately held hotel management companies, ranked in the top 40 of all third party and owner operated hotel management corporations. The luxurious accommodations at the D'Monaco are unique, as no two villas are alike. Each offers an exquisitely ...
Radisson Blu Debuts in Algeria With Opening of Radisson Blu Hotel, Algiers Hydra
May 7, 2019
Brussels/Algiers -- May 7, 2019 -- Radisson Blu, the upper upscale hotel brand that delivers a positive and personalized service in stylish spaces, is proud to announce the opening of its first hotel in Algeria. The Radisson Blu Hotel, Algiers Hydra features 140 rooms andholds a prime location in Hydra municipality, the capital's thriving business and diplomatic district. Tim Cordon, Area Senior Vice President, Middle East & Africa, Radisson Hotel Group, said: "We're excited to open our first hotel in Algeria. We believe there's strong potential to grow our renowned brand, especially as the country looks to develop its travel and to...
Radisson Hotel Group Partners With Allianz Real Estate for New Radisson Collection Hotel in Milan, Italy
May 7, 2019
Radisson Hospitality AB, part of Radisson Hotel Group, is pleased to announce the signing of a new Radisson Collection property in Milan, Italy. Working in conjunction with Allianz, the group will redevelop the former Allianz Italia headquarters in Milan into the Radisson Collection Hotel, Santa Sofia Milan. Set to open in 2022, the hotel will be managed by Allianz Real Estate on behalf of Allianz group companies. The hotel, located at via Santa Sofia 37 in the central Corso Italia district, will be part of the highly prestigious Radisson Collection portfolio. It will join other landmark Collection properties in Rome, Venice and the rec...
Choice Hotels and Athena Hospitality Group Break Ground on Cambria Hotel Nashville Airport
Cambria Hotels | May 7, 2019
ROCKVILLE, Md., May 7, 2019 -- Cambria Hotels is doubling its Music City presence as Choice Hotels International, Inc. (NYSE: CHH) and Athena Hospitality Group, LLC, announced the start of construction on the brand's second upscale hotel in Nashville, Tenn. The Cambria Hotel Nashville Airport, scheduled to open in 2020, joins the Cambria Hotel Nashville Downtown, which opened in 2018. The 130-room hotel, located within Royal Park Owners Association at 44 Rachel Dr., offers convenient access to the Nashville International Airport as well as downtown Nashville. The Cambria Hotel Nashville Airport is less than two miles from One Centur...
Hotel Indigo® Venice – Sant’Elena Opens in Italy Marking Brand Debut in the Floating City
May 7, 2019
IHG® (InterContinental® Hotels Group) is proud to announce the opening of Hotel Indigo® Venice – Sant'Elena marking the brand's debut in Venice, Italy. From palaces to piazzas, gondolas to gelato and canals to carnevale – there is no destination quite so magical as Venice. Filled with beauty and world-famous sights, it is no surprise that this city of 55,000 residents draws almost 30 million annual visitors. Despite its immense popularity, there are still pockets of the city yet to be discovered, such as the Sant'Elena neighbourhood. Sant'Elena is a global hub for modern art and culture, close to the home of the ...
G6 Hospitality Opens Two Newly-Built Dual Branded Hotels in Texas
G6 Hospitality LLC | May 6, 2019
DALLAS, May 6, 2019 -- G6 Hospitality LLC today announced the opening of two new-construction, dual-branded hotels, Motel 6/Studio 6 Austin, TX-Airport and Motel 6/Studio 6 Corpus Christi S. Padre Island Drive. The openings, both in Texas, signify a growing interest for owners to provide multiple lodging experiences for guests. G6 Hospitality expects to open nearly 30 of these dual-branded properties in key markets across the U.S. and Canada by the end of 2019. "The launch of these purpose-built, dual-brand locations underscores our commitment to providing travelers with trusted, affordable lodging in sought-after destinations like...
Andaz Brand Debuts in Austria With the Opening of Andaz Vienna Am Belvedere
Andaz | May 6, 2019
CHICAGO-- May 6 2019 --Hyatt Hotels Corporation (NYSE:H) announced today that Andaz Vienna Am Belvedere opened on 30 April 2019, marking the Andaz brand's entry into Austria. Located in the new Quartier Belvedere, the property is the fourth Andaz branded hotel in Europe, joining Andaz London Liverpool Street, Andaz Amsterdam Prinsengracht and the recently opened Andaz Munich Schwabinger Tor. Launched in 2007 and designed to stimulate the senses through distinctively local experiences, the Andaz brand continues to grow with intent across the world. Andaz Vienna Am Belvedere is inspired by Austria's grand historic personality and the man ...
Hyatt Partners With Hap Seng to Develop Hyatt Centric Hotel in Kota Kinabalu, Sabah
Hyatt Centric | May 6, 2019
CHICAGO-- 6 May 2019 --Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with a wholly owned subsidiary of Hap Seng Consolidated Berhad group ("Hap Seng") to develop a Hyatt Centric hotel in Kota Kinabalu, Sabah. Expected to open in 2021, Hyatt Centric Kota Kinabalu will be the first Hyatt Centric hotel in Malaysia and will connect savvy, in-the-now guests with shareworthy experiences at and around the property. Situated in the heart of the city, the hotel will offer convenient access to the commercial district, shopping malls, restaurants and other local attractions. The J...
Hospitality Financial Leadership: The Financial Forecast Disconnect and How to Correct It
David Lund | May 6, 2019
By David Lund When I work with hotel clients around their financial leadership it's often centered on getting the team to do their monthly financial forecast. A greater interest in doing it produces better and more consistent results. When doing financial leadership workshops and individual coaching, I inevitably discover the same thing time and time again. It's the disconnect between the executive team/director of finance part of the operation and the department line managers. In this piece I am going to explain why this disconnect exists, how to detect it and what you can do to fix it. First, why the disconnect exists. It exists becau...
Braemar Group Selects Hotel Equities to Operate Six Hotels Located in British Columbia, Saskatchewan and Alberta
Hotel Equities | May 6, 2019
Atlanta, GA – (May 6, 2019) – Today, Atlanta-based Hotel Equities (HE), announced they have been selected as the strategic partner for Kelowna BC-based Braemar Group, to operate six hotels located in British Columbia, Saskatchewan and Alberta. The hotel portfolio consists of four premier Choice branded hotels and one Best Western Plus currently open and operating, as well as a TownePlace Suites by Marriott hotel expected to open in Q3 2019. The hotel portfolio has a combined total guestroom count of 596 and growing, with future development projects in the pipeline. To accommodate Braemar Group's plans for further portfolio e...
Aimbridge Hospitality Opens SpringHill Suites by Marriott in Wauwatosa, Wisconsin
SpringHill Suites by Marriott | May 6, 2019
Wauwatosa, WI – May 9, 2019 – Marriott International announced that the SpringHill Suites by Marriott in Wauwatosa, Wisconsin is now open. The 119-suite hotel, located at 10411 West Watertown Plank Road, will operate as a Marriott franchise, managed by Aimbridge Hospitality of Plano, Texas. General Manager Adam DeLude and Director of Sales Sarah Colon-Rivera lead the management team at the property for Aimbridge Hospitality. The SpringHill Suites Milwaukee West/Wauwatosa is located 15 miles from General Mitchell International Airport, and 15 minutes from downtown Milwaukee. The all-suite hotel offers guests convenient access...
Owned and Managed by Prime Hospitality Services, Fairfield Inn & Suites by Marriott Opens in Bakersfield, California
Fairfield Inn & Suites | May 3, 2019
Bakersfield, CA– May 3, 2019 – The 122-room Fairfield by Marriott Inn & Suites in Bakersfield, California is now open with a new décor that provides guests with a feeling of warmth and calm while traveling. Located at 3540 Rosedale Highway, the Fairfield Inn & Suites Bakersfield Central will operate as a Marriott franchise, owned and managed by Prime Hospitality Services. The Fairfield Inn & Suites Bakersfield Central offers guests convenient access to Buck Owens' Crystal Palace, the Kern County Museum and the Rabobank Arena Theater & Convention Center. "Delivering both function and comfort, our new design and déco...
Memories Group Takes Stake in Strand Hotel
Memories Group | May 3, 2019
Three iconic Yangon hotels and cruise ship join an expanding portfolio in Myanmar. YANGON, Myanmar (May 3, 2019) — Myanmar tourism trailblazers Memories Group announced this week that it had bought a minority share in Strand Hotel International Ltd. The US$3.19 million investment gives the Group stakes in a cruise ship and three hotels, most notably the world-famous Strand Hotel, an iconic landmark on the Yangon waterfront, which was built during the British colonial era in 1901. Strand Hotel International Ltd also includes: the 4-star Inya Lake Hotel, which was built in 1958-62 on a 27-acre lakeside property in northern Yangon; t...
