Rosewood Hotels & Resorts Partners With Arkaz Investment for Rosewood Doha Opening in 2022
Rosewood Hotels & Resorts | November 26, 2019
Finance & Development
Long-Anticipated Hyatt Regency Salt Lake City Convention Center Hotel Breaks Ground
Visit Salt Lake | January 16, 2020
January 16, 2020. Salt Lake City, UT – After extensive planning, Visit Salt Lake, Salt Lake County, Portman Holdings and Hyatt Hotels Corporation announced the plans, timeline and details of the long-awaited and much-anticipated Salt Lake convention center hotel during a groundbreaking ceremony held Friday, January 10, at the Salt Palace Convention Center. The 700-room Hyatt Regency Salt Lake City will be located on the southeast corner of the lot on which the Salt Palace Convention Center sits and be built adjacent to the convention center’s public space. The 25-floor property will offer 60,000-square feet of indoor meeting space, in...
IHG Announces Strategic Partnership With Asset World Corporation (AWC) for Development of More Than 1,200 Rooms in Thailand
IHG | January 15, 2020
IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has announced a strategic partnership with long-standing partner Asset World Corporate (AWC), Thailand's leading integrated lifestyle real-estate group, to manage a portfolio of properties across Thailand. The agreement will see the development of more than 1,200 rooms across Thailand, with the first signing announced today as the 306-room InterContinental Chiang Mai Mae Ping. Serena Lim, Vice President, Development, IHG South East Asia and Korea commented, “With plans to double our portfolio in Thailand in the next 3-5 years, this signing today between ...
Sonnenblick-Eichner Company Arranges Interim Leasehold First Mortgage Financing for Residence Inn by Marriott Walnut Creek, Walnut Creek, California
Sonnenblick-Eichner Company | January 15, 2020
Beverly Hills, CA – January 15, 2020 – Sonnenblick-Eichner Company has arranged interim first mortgage leasehold financing for the Residence Inn by Marriott Walnut Creek, located in Walnut Creek, CA. The non-recourse LIBOR-based loan funded upon completion of construction and the opening of the hotel. The Residence Inn by Marriott Walnut Creek is a 160-room, six-story, extended-stay hotel located in the heart of downtown Walnut Creek. The 77% loan-to-cost loan with a credit spread in the low 300s over LIBOR, provided a return of cash equity to the borrower and relieves them of the recourse obligations associated with the construction l...
9-year-old finds loaded Santa Clara County Sheriff deputy’s handgun in Airbnb Colorado Springs Airport hotels grow larger
January 14, 2020
Friday night, Jon Segarra and his family arrived at their Airbnb in South Lake Tahoe after a four-hour sojourn from the Bay Area, looking to get started on a snowy weekend. As Segarra, a Hayward resident, unloaded the car with his girlfriend and sister, the six kids between them ran pell-mell into the house. As the kids squabbled over sleeping arrangements and searched the house for board games, Segarra’s 9-year-old son Joshua, flanked by his two younger siblings and cousin, opened a bedside drawer. But instead of a checkers set or deck of cards, they found a badge. And a loaded handgun. Both apparently belong to a Santa Clara Coun...
Raffles Boston Back Bay Hotel & Residences Breaks Ground
January 13, 2020
The 33-Story, $400 Million+ Project Marks the First Raffles Hotel & Residences in North America Boston, MA – Raffles Boston Back Bay Hotel & Residences broke ground, writing a new story for both the illustrious Raffles Hotels & Resorts brand and the City of Boston. Projected to open in early 2022, the 33-story, $400 million+ project will be the first mixed-use property in North America for the world-renowned and iconic hospitality brand. Raffles Boston Back Bay Hotel & Residences will be located at 40 Trinity Place, Boston, MA. The flagship North American property will be a welcoming oasis within the heart of the city...
Serenade Caribbean Hotels Renames New Hotel to Serenade Punta Cana Beach, Spa & Casino Resort
Serenade Caribbean Hotels | January 13, 2020
PUNTA CANA, Dominican Republic (Jan. 13, 2020) - Serenade Caribbean Hotels has announced the renaming of its flagship hotel to Serenade Punta Cana Beach, Spa & Casino Resort, which incorporates "casino" in the title. Casino, along with the existing "beach" and "spa," reflect the value-added amenities that will be available at the new five-star, 603-room, all-inclusive resort scheduled to open in June 2020 on Playa Cabeza de Toro in Punta Cana, Dominican Republic. "In order to convey a complete vacation experience for guests, we have decided to update the name of our first resort to Serenade Punta Cana Beach, Spa & Casino Resort," s...
Spectacle Entertainment and Hard Rock International Break Ground On $400 Million Hard Rock Casino Northern Indiana
Hard Rock® | January 13, 2020
GARY, Ind., Jan. 13, 2020 -- Spectacle Entertainment and Hard Rock International announced the development and construction of Hard Rock Casino Northern Indiana at an official groundbreaking ceremony held on Thursday, Jan. 9. The ceremony was conducted at the construction site, located at 5400 West 29th Ave. in Gary, and included state and local officials, Spectacle Entertainment and Hard Rock executives. Concluding the ceremony, Executive Director of the Indiana Gaming Commission Sara Tait, Spectacle Entertainment Chairman and Chief Executive Officer Rod Ratcliff and Chairman of the Seminole Tribe of Florida Marcellus Osceolaplanted sh...
Hyatt Signs With KL MIDTOWN to Develop 450-Room Hyatt Regency in Kuala Lumpur
Hyatt Regency | January 13, 2020
CHICAGO (January 13, 2020) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with KL MIDTOWN Sdn. Bhd., a joint venture company by Hap Seng Consolidated Berhad (Hap Seng) and TTDI KL Metropolis Sdn. Bhd., to develop a new 450-room Hyatt Regency branded hotel in Kuala Lumpur. Set to be completed in 2024, the new hotel will mark the return of the Hyatt Regency brand to Kuala Lumpur. For leisure and business travelers visiting the Malaysian capital, Hyatt Regency Kuala Lumpur will deliver energizing experiences and a stress-free environment that embodies the Hyatt Regency br...
Hospitality Financial Leadership: Chapter Four – The Pencil
David Lund | January 13, 2020
By David Lund The week after the summit was a bit of a blur for me. Several requests for interviews, all declined. Our public relations manager handled these with a simple story the flag mishap was a mistake given the procurement of new flags and the innocent mix up of which ones go where. Not our finest hour but the furor died down. But not before the chairman’s call. He was ballistic. “How could you be so stupid,” he asked? I explained the situation to him and he calmed down a little. “That little princess,” he said, “You tell her the next time she calls that we are not part of her domain. “Liquor permits or...
Construction Begins on Long-Awaited Convention Center Hotel in Palmetto, Florida
January 10, 2020
It’s suffered many pitfalls since it was first announced in 2017, but the much-anticipated new hotel project near the Bradenton Area Convention Center in Palmetto is officially under construction. The celebratory groundbreaking ceremony held on Tuesday starts a 20-month construction schedule that will see an eight-story full service Sheraton Hotel rise from the ground. The hotel will feature 252 guestrooms, a full service restaurant and more than 10,000 square feet of meeting space, including a 7,600-square-foot ballroom. Other features will include a rooftop lounge with deck, a 1,500-square-foot fitness center, an outdoor pool and 32...
New-to-Huntsville Hotel Indigo Hotel Coming to MidCity District
January 10, 2020
A new-to-Huntsville is coming to the sprawling MidCity District, the second hotel to be announced at the multi-use development at the site of the former Madison Square Mall. Hotel Indigo, a branded boutique from InterContinental Hotels Group, is expected to begin construction in the spring, according to MidCity developers RCP Companies. It will feature 120 rooms in the five-story facility and is targeting a mid-2021 opening. It's the first Hotel Indigo in north Alabama and the third in the state, preceding by locations in Birmingham and Tuscaloosa. "Just as no two places are alike, no two Hotel Indigo properties are the same," the an...
East Haven Quality Inn to Be Replaced by Home2 Suites by Hilton
January 9, 2020
EAST HAVEN — The owner of the Quality Inn East Haven-New Haven hotel at 30 Frontage Road plans to knock down the two-story, 80-room hotel and replace it with a more upscale, four-story, 107-room Home 2 Suites by Hilton. The Planning and Zoning Commission unanimously approved the owner’s site plan application Wednesday night, after having modified the zoning to accomodate the application last year. “What we’re proposing to do is demolish the existing building and build a higher-level hotel,” Jim Cassidy, a professional engineer hired by CT Hotel Group LLC, told the commission. The new hotel would be 15,560 square feet, with ...
Radisson Hotel Group Signs Radisson Hotel Saint Denis in Reunion Island
Radisson | January 9, 2020
Brussels/Saint Denis - January 9, 2020 - Radisson Hotel Group is proud to announce the signing of the Radisson Hotel Saint Denis in Reunion Island, the Group’s entry into their third Indian Ocean Island. The group is now present in three of the four main Indian Ocean Islands, bringing their Indian Ocean portfolio to seven hotels in operation and under development. Saint Denis is the administrative capital of the French overseas region, located on the north end of Reunion Island and Radisson’s newest hotel is located on the major axe within walking distance from the main commercial and financial district. It is ideally positioned in fron...
Marriott International Signs Agreement With Fibra Inn to Bring W Brand to Playa Del Carmen, Mexico
W Hotels Worldwide | January 9, 2020
218-room, oceanfront W Playa del Carmen is expected to open in 2023 Marriott International, Inc. (NASDAQ: MAR) today announced that it has signed an agreement with Fibra Inn (BMV: FINN13, ADR OTC: DFBRY) to bring the W brand for the first time to Mexico’s Yucatan Peninsula. The property is expected to rise on an oceanfront site in Playa del Carmen within walking distance to entertainment, upscale shopping and restaurants. “We are excited to work with hotel developer Fibra Inn to open a cutting-edge W hotel in Playa del Carmen, a destination ready for the brand’s bold design, signature Whatever/Whenever service and innovative program...
Virgin Hotels Nashville Set for May Opening in the Historic Music Row Neighborhood
Virgin Hotels | January 7, 2020
MIAMI, Jan. 7, 2020 -- Virgin Hotels, the lifestyle hotel brand by Virgin Group founder Sir Richard Branson, announces today that reservations are live for the brand's fourth hotel: Virgin Hotels Nashville. Reservations are currently being accepted for stays starting May 3, 2020, and can be made directly on the hotel's website, virginhotels.com/nashville or by calling (800) 806-8080. Conveniently situated at the helm of Nashville's historic Music Row neighborhood at 1 Music Square W, Virgin Hotels Nashville will deliver a one-of-a-kind hotel experience. The hotel will feature 262 Chambers, including Grand Chamber Suites, multiple dining an...
Access Point Financial Partners With AD1 Global to Finance the Development of Hyatt Place and Home2 Suites in Palm Bay
Access Point Financial | January 7, 2020
Leading hospitality industry lender selected to finance dual properties for new Florida development partnership, citing reliability and flexibility ATLANTA – January 7, 2020 – Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, has signed an agreement with top hotel development and management firm, AD1 Global Hospitality, to finance the development of a Hyatt Place and Home2 Suites by Hilton located in Palm Bay, Florida. Access Point Financial provided $26.8 million in financing for the development of the hotels, with $15 million for the 106-room ...
Hospitality Financial Leadership: My 10,000 Hours
David Lund | January 6, 2020
By David Lund This piece is about a book I read that was a gift to me by my daughter one Christmas not that long ago. At the time I had no idea how much it would mean to me and how important it is for people to understand its message. The message is simple, no one just lands on this planet with what they need to be successful. We ALL must work for it. That’s right and I know you have heard this before as did I, but having read the book and now having experienced what I have it comes full circle. I want to share with you what it means to me—what it means to me to have worked for it and in hope that it will help you see your own maste...
Vision Hospitality Group Breaks Ground on Lifestyle Hotel: Kinley Chattanooga Southside
Vision Hospitality Group, Inc. | January 6, 2020
Chattanooga, TN – January 6, 2020 – Today, Vision Hospitality Group, Inc. announced the ground breaking of its second Kinley hotel, Kinley Chattanooga Southside. Joining the company’s Humanist lifestyle portfolio, the new hotel will feature 64 guest rooms and suites in the heart of Chattanooga, Tennessee’s Southside entertainment district. Kinley, Vision’s newest boutique hospitality brand, provides a home base for active explorers and casual adventurers, a focal point that feels effortlessly integrated into the local community and the world outside its doors. Derived from the word kinship, this personable name speaks to the bran...
IHG Signs With JSC “Tverskaya 24” to Debut Hotel Indigo in Moscow
IHG | December 23, 2019
Hotel Indigo® to enter the Moscow market with the signing of Hotel Indigo® Moscow – Tverskaya IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, has signed a management agreement with current partner, JSC “Tverskaya 24”, to open Hotel Indigo® Moscow – Tverskaya by the end of 2020. Hotel Indigo was established in 2004 and is growing at pace as one of the leading boutique brands in the world, with a goal of doubling its global presence over the next three to five years. With a current footprint of over 100 hotels across 19 countries, the signing of Hotel Indigo Moscow – Tverskaya brings the u...
PAR or POR? A Guide to Interpreting Hotel Operational Ratios / Laura Resco
HotStats | December 23, 2019
Hospitality data is only as good as the ratio used to calculate it. Is it better to be on PAR or on POR? We explain the differences between per-available-room and per-occupied-room bases Data is king, but futile if you don’t know how to best interpret the numbers. Asking yourself, “What’s the best way to analyze my data?” is too broad and only adds to the confusion. A better approach is to start by setting goals for your analysis. What specific information do you want to extract from your data? When you have a clear understanding of this, you can choose the most relevant ratios accordingly. The two most popular ways to calculate...
Cambria Hotels Signs Two New Hotels for New York and Texas Expansion
Cambria® Hotels | December 19, 2019
Properties include: 127-room Cambria Hotel Austin Airport slated to open in 2021 and developed by an affiliate of W2 Real Estate Partners; and 120-room Cambria Hotel Niagara Falls slated to open in 2022 developed by Plati Niagara Inc Choice Hotels International, Inc. (NYSE: CHH) has awarded franchise agreements to two top developers to build new Cambria hotels in Austin, Texas and Niagara Falls, New York. These franchise agreements come on the heels of Cambria being named one of the top hotel brands expanding in North America by Top Hotel News, with nearly 80 hotels in the pipeline. "These agreements reinforce Choice Hotels' ...
Green Stay Hospitality Breaks Ground on Cambria Hotel Orlando International Airport
Cambria Hotels | December 19, 2019
ROCKVILLE, Md., Dec. 19, 2019 /PRNewswire/ -- The upscale Cambria Hotels brand, franchised by Choice Hotels International, Inc. (NYSE: CHH), and Green Stay Hospitality LLC, part of Reddy Hotels, Orlando, announced Wednesday the official start of construction on the first Cambria hotel in Orlando at a groundbreaking event at the property's future location. The Cambria Hotel Orlando International Airport is slated to open in early 2021. The groundbreaking continues a strong year for Cambria, in which 11 hotels with 1,700 rooms have already opened their doors in top-tier markets across the country, including Boston, Houston and Phoenix. Loc...
Marriott International Signs Deal With Grupo Elipse to Bring Its Moxy Brand to Mexico City
Moxy Hotels | December 19, 2019
Marriott International today announced it has signed a contract with Grupo Elise to debut the company’s millennial-focused Moxy Hotels brand in Mexico with a 120-room hotel. The property is slated to rise in stylish Chapultepec with close proximity to the Roma Norte neighborhood, characterized by a contemporary art scene, hipster culture and vibrant nightlife and Mexicos prestigious Paseo de La Reforma. Construction on the Moxy Mexico City is expected to begin in late 2020, with the opening expected in 2022. “Moxy is a great fit for Mexico City, a destination known for its vibrancy, youthful energy, and dynamic arts culture and we see ...
Spirides Arranges $10 Million Hotel Construction Loan for New Holiday Inn Express in Lumberton, NC
Spirides Hospitality Finance Company | December 19, 2019
TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged and the borrower has officially closed on a $10 million construction to permanent, first priority mortgage loan from a Southeast U.S. headquartered bank to finance the development of a new Holiday Inn Express in Lumberton, North Carolina. This new 95-guest room, 5-story Holiday Inn Express will be built on 2.2 acres of land located at 302 Wintergreen Drive near Interstate 95 Exit 22 in the City of Lumberton, Robeson County, North Carolina. Hotel amenities will include a breakfast dining area, a meeting room, an indoor swimming pool, an outdoor courtyard, a fitness c...
1
Industry Happenings
2
Technology
3
All Things Independent
4
Operations
5
Market Reports
Breaking News
Milestone Wins Big at Adrian Awards With Two Golds and Three Silvers
Hilton Launches Lifestyle Brand Tempo by Hilton
Paramount Lodging Advisors Successfully Transacts at the William P. Hobby International Airport With the Sale of the Drury Inn & Suites
The Guestbook CEO James Gancos Chosen to Join Expert Panel at HSMAI Marketing Strategy Conference
As the first news aggregate for the hotel industry, Hotel-Online is the industry’s must-read daily news source for everything hotel curated for busy professionals. Sign up today for industry news delivered to your inbox.