hotel ownership
European Hotel Transaction Volumes Increased by 123% in the First Half of 2024
Maxime Gauthier | October 10, 2024
Coming out of a high-inflation, high-interest-rate environment, which negatively impacted hotel transactions in Europe in 2023, transaction activity increased to the highest levels since 2019 in the first half of 2024. Reaching €10.6 billion, the total volume transacted increased by 123% year-on-year, already reaching the total volume for the whole of 2023. There were 20% more transactions this semester, with a decrease of 11% in the number of rooms per hotel, translating into a 30% increase in price per room over H1 2023. General Commentary Transaction volumes were quite evenly spread over the semester, with January...
Hotel Equities Appoints Tim Ostrem as Regional Director of Operations, Canada
Hotel Equities | October 9, 2024
EDMONTON, AB (October 9, 2024) – Hotel Equities, a leading hotel owner, operator, and developer is pleased to announce the appointment of Tim Ostrem as Regional Director of Operations in Canada. Ostrem will lend his expertise to oversee the firm's expanding portfolio of Canadian hotels, providing strategic leadership and driving operational excellence. With an impressive career spanning three decades, Ostrem brings a wealth of experience in managed, franchised, and independent properties, specializing in both limited and full-service operations across various market segments. Prior to joining HE, Ostrem served as an Area General ...
The Future of Investments and Financing – Hospitality Sector Trends
Hala Matar Choufany, ISHC | September 12, 2024
The hospitality industry is undergoing a significant transformation, driven by technological advancements, shifting consumer preferences, and evolving global economic trends. These changes are reshaping how investments and financing in the sector are approached. Over the next two decades, the industry is expected to witness substantial evolution in investment strategies and priorities. Currently, there are approximately 300,000 rooms under development across the GCC. However, in the current economic environment, challenges such as rising borrowing costs, development expenses, and operational expenditures are increasingly impacting hotel va...
Choice Hotels Awards First Contract Under Recently Reintroduced SOAR Program to Support Hotel Ownership Opportunities for Historically Underrepresente
Suburban Studios | August 27, 2024
Conversion Agreement Signed with Choice's Suburban Studios Extended Stay Brand NORTH BETHESDA, Md., Aug. 27, 2024-- Choice Hotels International, Inc., one of the world's largest hotel companies, announced its first contract under the recently reintroduced SOAR (Supporting Ownership Access and Representation) program, designed to create hotel ownership opportunities for underrepresented entrepreneurs. Damon Healey of Eternal Companies, a real estate investment and asset management firm, executed a contract to convert two hotels in Georgia to Suburban Studios, one of Choice's four extended stay brands. The pair of properties opened on May 30....
AAHOA Announces Keynote Speakers, Full Agenda for HerOwnership Conference
AAHOA | August 26, 2024
ATLANTA, GA, August 26—Taking place next month, AAHOA's- Asian American Hotel Owners Association Third Annual HerOwnership Conference will feature a full agenda of speakers and sessions focused on helping women in hospitality gain the tools, knowledge, and connections they need to succeed in hotel ownership. The conference will be held September 12-13 in Redondo Beach, CA. Complete information and registration are available here. "As the son of a woman hotelier, I am well aware of the remarkable women who have shaped our industry and continue to drive it forward," said AAHOA Chairman Miraj S. Patel. "Their dedication, innovation, an...
Meyer Jabara Hotels Offering IT Services & Support Across Its Portfolio and Beyond
Meyer Jabara Hotels | June 18, 2024
Hotel ownership and management group to design, procure, certify, manage, monitor, and maintain its hotels’ network infrastructure including cabling, guest/staff connectivity, cybersecurity, data backup/recovery, help desk support and more [Danbury, Conn., June 18, 2024 — Meyer Jabara Hotels (MJH) is invested in technology – so much so that the company is taking on the role of technology support, help desk, and implementation for its portfolio of 32 hotels plus any other properties needing IT assistance on a project basis. With the goal of enabling guests and staff to communicate at the speed of business or faster, the hotel owner an...
Wyndham’s Women Own the Room Initiative Drives Over One Dozen Hotel Openings
Wyndham Hotels & Resorts | March 19, 2024
Surpasses 50 hotel signings while growing community base to more than 550 PARSIPPANY, N.J., March 19, 2024 -- Wyndham Hotels & Resorts is celebrating a major milestone for its award-winning Women Own the RoomSM initiative, surpassing 15 hotel openings and more than 50 signings in just over 24 months. The first-of-its-kind offering—which has seen its network of current and prospective women hotel owners climb to more than 550—leverages Wyndham's scale and influence to break down the unique barriers women face on the path to hotel ownership. According to data from U.S Bureau of Labor Statistics and the Castell Project, while wo...
Hilton Launches Initiative to Open New Pathways to Hotel Ownership
Hilton | January 22, 2024
In a first for the hospitality industry, Hilton’s “Unlocking Doors” program provides education, networking and access to capital supporting new and aspiring hotel owners MCLEAN, Va. – In an effort to help create opportunity for people looking to realize the dream of owning or growing their own business, Hilton has announced the creation of “Unlocking Doors,” a program designed to support new and aspiring hoteliers on their journey to hotel ownership. Launching this week at the Americas Lodging Investment Summit (ALIS), Unlocking Doors will create meaningful pathways to hotel ownership for entrepreneurs who are new to the i...
