brand conversion
Canada’s Pipeline Remains Robust – Early Planning Stage Shows Significant Increase
Lodging Econometrics (LE) | October 31, 2023
October 31, 2023 – PORTSMOUTH, NH – In the Q3 2023 Hotel Construction Pipeline Trend Report for Canada by Lodging Econometrics (LE), analysts report that the total construction pipeline in Canada stands at 275 projects/37,780 rooms, up 5% by projects and 8% by rooms year-over-year (YOY). In the third quarter, Canada had 22 new project announcements with 2,816 rooms. Hotel projects presently under construction in Canada at Q3 stand at 56 projects/8,228 rooms, up 4% and 18% YOY, respectively. Projects scheduled to start construction in the next 12 months stand at 101 projects/11,548 rooms at Q3, while projects in the early planning stag...
Hapuna Beach Prince Hotel to Become The Westin Hapuna Beach Resort, Following $46 Million Renovation & Conversion
Prince Resorts Hawaii | August 16, 2017
Mauna Kea Resort Enters Into Franchise Agreement With Westin Hotels & Resorts; Hotel to Remain Part of Prince Resorts Hawaii HAPUNA BEACH, Hawaii, Aug. 16, 2017 -- Mauna Kea Resort LLC today announced it has signed a franchise agreement with Westin Hotels & Resorts to debut the renowned wellness hospitality brand on the Big Island of Hawaii, with the $46 million renovation and conversion of Hapuna Beach Prince Hotel to become The Westin Hapuna Beach Resort in February of 2018. The hotel will remain part of Prince Resorts Hawaii. Beginning as early as September 2017, the hotel will participate in SPG® (Starwood Preferred Gues...
Vimana Franchise Systems Opens Key West Inn in Montgomery, Alabama
Vimana Franchise Systems, LLC | July 13, 2016
Windermere, FL – July 14, 2016 – Vimana Franchise Systems, LLC has added another property to its Key West Inn brand. This 41 room pet-friendly property located at 4135 Troy Hwy., Montgomery, AL, 36116 features a free continental breakfast, seasonal outdoor pool and business services. The new Key West Inn is set to open in early August. "Key West offers the best possible franchise agreement out there and that made our choice very simple," said owner, Mitesh Patel. Vimana Franchise Systems, LLC is the franchisor of Key West Inns, Hotels & Resorts as well as Centerstone Inns, Hotels & Plaza Hotels. The family of brands ...
Cornell Report Shows Hotel Brand Conversions Can Boost Performance
the Center for Hospitality Research | November 16, 2015
Ithaca, NY, November 16, 2015 – Hotels that convert from one brand to another generally see improved occupancy, revenue, and profit—provided they choose a strong brand that fits their property. An analysis of hundreds of brand conversions over nearly two decades, published by the Center for Hospitality Research (CHR), found that hotels that changed brands, including those that changed from independent to brand, improved their top and bottom lines. However, this was not true of all brand conversions. The report, "Hotel Brand Conversions: What Works and What Doesn't," by Chekitan S. Dev, an associate professor at...
