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The Proper Usage of RevPAG

The Proper Usage of RevPAG

May 5, 2016

By Larry Mogelonsky, MBA, P. Eng. (www.lma.ca) Any specialty, and hospitality is no exclusion, comes with its own set of technical jargon and acronyms. We...

US Lodging in Twilight of Latest Upcycle; Caution Ahead

US Lodging in Twilight of Latest Upcycle; Caution Ahead

May 5, 2016

Fitch Ratings-New York-05 May 2016: The US lodging industry is in the twilight of the current upcycle, according to Fitch Ratings. The recovery is now the...

MGM Resorts International Reports First Quarter 2016 Net Income of $66.8 million Compared to $169.9 million in Q1 of 2015

MGM Resorts International Reports First Quarter 2016 Net Income of $66.8 million Compared to $169.9 million in Q1 of 2015

May 5, 2016

LAS VEGAS, May 5, 2016  -- MGM Resorts International (NYSE: MGM) ("MGM Resorts" or the "Company") today reported financial...

RLJ Lodging Trust Reports First Quarter 2016 Net Income of $25.3 million, Compared to $47.9 million for Same Year Ago Period

RLJ Lodging Trust Reports First Quarter 2016 Net Income of $25.3 million, Compared to $47.9 million for Same Year Ago Period

May 5, 2016

- Completed a comprehensive $1.0 billion refinancing - Repurchased 0.5 million common shares for $11.3 million - Pro forma RevPAR increased 2.1% BETHESDA,...

Belmond Ltd. Reports First Quarter 2016 Revenue Rise of $8.1 million, a 9% Increase Over the Prior-Year Quarter

Belmond Ltd. Reports First Quarter 2016 Revenue Rise of $8.1 million, a 9% Increase Over the Prior-Year Quarter

May 4, 2016

On a constant currency basis: Same store revenue per available room (“RevPAR”) up 9% over the prior-year quarter Total revenue up $8.1...

Chatham Lodging Trust Reports First Quarter 2016 Net Income of $3.3 million Compared to $1.4 million in the Year-Ago Quarter

Chatham Lodging Trust Reports First Quarter 2016 Net Income of $3.3 million Compared to $1.4 million in the Year-Ago Quarter

May 5, 2016

RevPAR Growth, EBITDA, FFO and FFO per Share In-Line with Guidance WEST PALM BEACH, Fla., May 5, 2016—Chatham Lodging Trust (NYSE: CLDT), a lodging real...

Billionaires Who Went from Snapping up Stately Homes now Hope to do the Same with Portfolio of 47 Holiday Inn Express Hotels

Billionaires Who Went from Snapping up Stately Homes now Hope to do the Same with Portfolio of 47 Holiday Inn Express Hotels

James Salmon | Daily Mail, London | May 5, 2016

May 05--THEY are the secretive billionaire brothers who own vast swathes of the most glamorous ? and expensive ? real estate in the world. But now Ian and...

Clear Sky Software’s Beverage Inventory System Implemented in the Heart of California’s Wine Country

Clear Sky Software’s Beverage Inventory System Implemented in the Heart of California’s Wine Country

May 5, 2016

CHARLOTTE, North Carolina – May 5, 2016 – Clear Sky Software, Inc. ® announced today that the company’s beverage inventory system has...

Hospitality Financial and Technology Professionals to Host Inaugural CIO Forum in India

Hospitality Financial and Technology Professionals to Host Inaugural CIO Forum in India

May 5, 2016

AUSTIN, TEXAS (May 5, 2016) – Leading global hospitality association, Hospitality Financial and Technology Professionals (HFTP®), will host its first...

DoveHill and Wurzak Hotel Group Acquire the Hyatt Place King of Prussia, Pennsylvania

DoveHill and Wurzak Hotel Group Acquire the Hyatt Place King of Prussia, Pennsylvania

May 5, 2016

PHILADELPHIA, May 5, 2016 -- DoveHill and Wurzak Hotel Group announce today that the combined venture has acquired the Hyatt Place King of Prussia hotel,...

Recently Acquired Austin Radisson to Get $75M Makeover and Reopen in 2018 as The Line Austin

Recently Acquired Austin Radisson to Get $75M Makeover and Reopen in 2018 as The Line Austin

Shonda Novak | Austin American-Statesman | May 5, 2016

May 04--The new owners of the Radisson Hotel & Suites overlooking Lady Bird Lake in downtown Austin say they plan a $75 million makeover for the property...

Resorts World Las Vegas Construction to Ramp Up in Fourth Quarter 2016

Resorts World Las Vegas Construction to Ramp Up in Fourth Quarter 2016

J.D. Morris | Las Vegas Sun | May 5, 2016

May 04--Resorts World Las Vegas will begin full-scale construction sometime in the last three months of this year, an executive affiliated with the $4 billion...

Raffles Hotels & Resorts Signs with Jiangsu Golden Land for Raffles Suzhou Opening in 2020

Raffles Hotels & Resorts Signs with Jiangsu Golden Land for Raffles Suzhou Opening in 2020

May 5, 2016

SINGAPORE, SINGAPORE--(Marketwired - May 5, 2016) - Luxury hotel operator Raffles Hotels & Resorts today announced the signing of an agreement with...

Bears Creek Hershey Hotel LLC Adding New Courtyard by Marriott on Chocolate Avenue in Hershey, PA

Bears Creek Hershey Hotel LLC Adding New Courtyard by Marriott on Chocolate Avenue in Hershey, PA

Daniel Urie | The Patriot-News, Harrisburg, Pa. | May 5, 2016

May 05--There will be a new place to stay in Derry Twp. Courtyard by Marriott Hershey is being built at 515 E. Chocolate Ave. The four-story Hershey area...

The Lismore Hotel Eau Claire - a DoubleTree by Hilton Reopens Following $21 Million Renovation

The Lismore Hotel Eau Claire - a DoubleTree by Hilton Reopens Following $21 Million Renovation

May 5, 2016

EAU CLAIRE, Wis. and MCLEAN, Va. - DoubleTree by Hilton, one of Hilton Worldwide's (NYSE: HLT) 13 market-leading brands, has reopened a historic Wisconsin...

Kokua Hospitality Unveils Updated and Rebranded DoubleTree by Hilton Hotel & Suites Houston by the Galleria

Kokua Hospitality Unveils Updated and Rebranded DoubleTree by Hilton Hotel & Suites Houston by the Galleria

May 5, 2016

(Houston, TX; May 5, 2016) – Kokua Hospitality announced today The DoubleTree by Hilton Hotel & Suites Houston by the Galleria (5353 Westheimer Road)...

Developed and Owned by Milestone Development, New Homewood Suites Opens in Christiansburg, Virginia

Developed and Owned by Milestone Development, New Homewood Suites Opens in Christiansburg, Virginia

May 5, 2016

CHRISTIANSBURG, Va. and MCLEAN, Va. - Homewood Suites by Hilton, part of Hilton Worldwide's (NYSE: HLT) industry-first All Suites portfolio,...

Auberge Resorts Collection Names Michael Minchin Chief Marketing Officer

Auberge Resorts Collection Names Michael Minchin Chief Marketing Officer

May 5, 2016

MILL VALLEY, Calif., May 5, 2016 -- Auberge Resorts Collection, owner and operator of boutique luxury hotels, resorts, residences and private clubs,...

JQH Names Betsy Kinnear as Corporate Director of Brand Revenue Optimization

JQH Names Betsy Kinnear as Corporate Director of Brand Revenue Optimization

May 5, 2016

SPRINGFIELD, Mo. - May 5, 2016 - John Q. Hammons Hotels & Resorts (JQH) today announced that Betsy Kinnear has joined the company as corporate...

Waldorf Astoria New York Promotes Three Key Members to Executive Leadership Team

Waldorf Astoria New York Promotes Three Key Members to Executive Leadership Team

May 5, 2016

New York, NY – May 5, 2016 – Waldorf Astoria New York is pleased to announce the appointments of Abby Murtagh, Resident Manager, David Garcelon,...

Brian Anderson Promoted to Director Food and Beverage/Executive Chef for Westin Portland Harborview

Brian Anderson Promoted to Director Food and Beverage/Executive Chef for Westin Portland Harborview

May 5, 2016

PORTLAND, Maine - - (May 5, 2016) - - Jeffery Burrell, general manager of the Westin Portland Harborview, a Rockbridge portfolio hotel, today announced the...

Abadía Retuerta LeDomaine Names Marc Segarra Sauné Executive Chef

Abadía Retuerta LeDomaine Names Marc Segarra Sauné Executive Chef

May 5, 2016

Sardón de Duero, Spain – May 5, 2016: Abadía Retuerta LeDomaine, the exclusive hotel located in a restored 12th century abbey surrounded by...

Adam Sheff Appointed Executive Chef at Andaz Scottsdale Resort & Spa, Opening Fall 2016

Adam Sheff Appointed Executive Chef at Andaz Scottsdale Resort & Spa, Opening Fall 2016

May 5, 2016

SCOTTSDALE, Ariz. (May 5, 2016) – Adam Sheff has been named executive chef of the highly anticipated Andaz Scottsdale Resort & Spa in Paradise...

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