Radisson Hotel Group Signs With Value One Hotel Operations for Three Brand New Radisson RED Hotels in Europe
Radisson RED | September 20, 2019
Accor Celebrates Groundbreaking of Dual-Branded Melbourne Airport Hotel
Accor | September 3, 2019
Finance & Development
Radisson Hotel Group Signs With Value One Hotel Operations for Three Brand New Radisson RED Hotels in Europe
Radisson RED | September 20, 2019
Brussels/Lisbon/Vienna - September 20, 2019 Radisson Hospitality AB, part of Radisson Hotel Group, is pleased to announce the signing of three brand-new hotels, all arriving under its Radisson RED brand as part of a strategic franchised partnership with developer and operator Value One Hotel Operations. The deal will see the brand make its debut in Portugal, with the Radisson RED Lisbon Olaias and the Radisson RED Porto – not forgetting a second Radisson RED in Vienna due to open in the Austrian capital. Elie Younes, Executive Vice President & Chief Development Officer for Radisson Hotel Group, says: “We are delighted to expand o...
Marriott International Signs Agreement to Introduce The Ritz-Carlton Brand to Montenegro
The Ritz-Carlton Hotel Company, LLC | September 19, 2019
BETHESDA, Md., Sept. 19, 2019 -- Marriott International, Inc., today announced the signing of a milestone agreement with Northstar D.O.O. to bring The Ritz-Carlton brand to Montenegro. Under the plan funded by Al Yasra, The Ritz-Carlton, Montenegro and The Ritz-Carlton Residences, Montenegro are scheduled to bring the brand's unrivalled elegance and legendary service to the country in 2023. "With its striking views of the Adriatic coast, Montenegro has quickly become a favourite Mediterranean destination for global travellers," said Carlton Ervin, Chief Development Officer – Europe, Marriott International. "The signing of The Ritz-Carlt...
YTL Hotels and Marriott International Sign Agreement to Bring the AC Hotels by Marriott Brand to Malaysia
YTL Hotels | September 18, 2019
New York, NY – September 18, 2019 – YTL Hotels and Marriott International have signed a Master Development Agreement to bring the AC Hotels by Marriott brand to Malaysia for the first time. The AC Hotels by Marriott brand will be exclusive to YTL Hotels for the whole of Malaysia. The signing of this agreement is one of many key milestones in the partnership between YTL Hotels and Marriott International as it continues to grow from strength to strength. AC Hotels by Marriott embraces European design and style across its international portfolio of distinctive properties in Europe and North and Latin America. Dato’ Mark Yeoh, Executiv...
Maryland Hotel Partners Plan July 2020 Opening of New Microtel Inn & Suites by Wyndham in Gambrills, Maryland
Microtel Inn & Suites by Wyndham® | September 18, 2019
GAMBRILLS, MD (September 9, 2019) – Maryland Hotel Partners, a limited liability company based in Gambrills, MD, today announced the development of a new Microtel Inn & Suites by Wyndham hotel at 2525 Evergreen Rd. Gambrills, MD 21054 to be managed by Aimbridge Hospitality. Located at Waugh Chapel Towne Center, the 79-room hotel will feature a complimentary continental breakfast as well as an indoor heated pool and offer guests queen singles, double queen, and queen suite accommodations. The hotel will include a business center and a fitness center. Rooms will feature expanded television lineup, free high-speed wireless intern...
Radisson Hotel Group Set to Debut Radisson RED in Johannesburg With Planned 2021 Opening
Radisson RED | September 17, 2019
Brussels/Johannesburg - September 17, 2019 - Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, is pleased to announce the signing of its second Radisson RED in South Africa – continuing the brand’s fast growing African and global expansion. Scheduled to open early 2021, the Radisson RED Johannesburg Rosebank will arrive and shake up the hospitality industry in Africa’s second largest city. The hotel brings the group’s African portfolio to almost 100 hotels in operation and under development. Rosebank is one of the fastest-growing business precincts in Johannesburg, offering an ideal opportunity fo...
Lakeland Hospitality Group Celebrates Topping-Out of SpringHill Suites by Marriott in Lakeland, Florida
SpringHill Suites by Marriott | September 16, 2019
LAKELAND, Fla. (Sept. 16, 2019) – Lakeland Hospitality Group announced today the topping out construction milestone of the SpringHill Suites by Marriott in downtown Lakeland. The topping out signifies the completion of the building’s preliminary structural framework with the placement of its final steel beam. The hotel broke ground on October 1, 2018 and is slated to open in mid-April 2020. “We are thrilled to bring the first SpringHill Suites by Marriott to downtown Lakeland, creating jobs and economic growth for the area,” said Wesley Barnett, manager of Lakeland Hospitality Group, and grandson of Publix Super Markets founder G...
Hospitality Financial Leadership: Creating and Using Staffing Guides
David Lund | September 16, 2019
By David Lund In our business it is no secret that labor is our single biggest expense. Last year the average hotel in North America, according to data collected from thousands of medium- and full-service hotels by a popular industry partner, was right around 50 percent of total revenues. What is a secret is how most hotels manage their largest cost. In this piece I am going to talk about creating and using a staffing formula for all scheduled positions. In addition, I will talk about the best practices as it relates to having and using staffing guides. First of all, let’s define what a staffing guide is and what constitutes a staf...
IHG Signs With Inmobiliaria Vistamar to Debut InterContinental® and Hotel Indigo® Brands in Peru
IHG ® | September 16, 2019
IHG® (InterContinental Hotels Group), one of the world’s leading hotel companies, today announces the debut of both the InterContinental® Hotels & Resorts and Hotel Indigo® brands in Peru, with two new properties now under construction in the capital city of Lima. The Hotel Indigo Lima Miraflores will also be the brand’s first property in South America. Both hotels are expected to open in early 2022 and will be owned by Inmobiliaria Vistamar and managed by IHG. The InterContinental Lima Miraflores and Hotel Indigo Lima Miraflores will be located next to each other in the vibrant epicenter of Miraflores, steps away from Larcomar,...
Ignite Hotels to Develop $20 Million Residence Inn by Marriott in Kennewick, Washington
September 12, 2019
The owner and operator of some of the biggest names in the Tri-City hotel industry will build Kennewick’s first extended-stay hotel near Columbia Center mall. Ignite Hotels will build a $20 million Residence Inn by Marriott behind the Red Lion Hotel, said Ignite managing member Gurbir Sandhu. Ignite also owns the Red Lion. He told the Tri-City Herald on Thursday the new four- to five-story hotel will be on a six-acre site off South Quinault Avenue, south of the mall. Hotel list keeps growing The new project is the fifth and latest hotel project for the Tri-Cities. Collectively, they will push the market to about 4,700 rooms, fro...
The Higgins Hotel & Conference Center Set to Open This November in the New Orleans Arts and Warehouse District
The Higgins Hotel & Conference Center | September 12, 2019
NEW ORLEANS (Sept. 12, 2019) - The National WWII Museum is pleased to announce the upcoming opening of its signature Hotel, The Higgins Hotel & Conference Center, Curio Collection by Hilton, which will officially open its doors this November. Bringing a storied era in American history to New Orleans’ Arts and Warehouse District, The Higgins Hotel and its state-of-the-art conference facility will serve as a premier destination for travelers as part of the exclusive Curio Collection by Hilton, the brand’s first in the state of Louisiana. The newest addition to the Museum’s growing campus is named after Andrew Higgins, the founder a...
Plains Management Group Plans The Ellison Hotel in Honor of Oklahoma City Literary Icon Ralph Ellison
September 12, 2019
A 120-room hotel named in honor of Oklahoma City literary icon Ralph Ellison is set to be built at Classen Curve with designs aimed at featuring local artists and authors. The hotel will be the first in Oklahoma under the Tribute Portfolio, Marriott International’s newest brand that accommodates independent hotels with a variety of designs and emphasis on driving “social scenes” for guests and locals. Developer Ryan Slater, managing partner of Plains Management Group, said the hotel has been in the works for five years and will be built on The Triangle section of Classen Curve just north of Whole Foods. The lifestyle boutique hote...
Scholar Hotel Group Acquires Historic Glennland Building in State College, Pennsylvania for Conversion to Boutique Hotel
September 11, 2019
The historic Glennland Building in downtown State College was acquired by Scholar Hotel Group in late August and will soon undergo work to become a “boutique, extended-stay hotel,” according to President and founder Gary Brandeis. The Campbell family, who has owned the Glennland Building for eight decades, transferred the property at an undisclosed price to Ardmore-based developer Scholar Hotel Group, which owns and operates the Hyatt Place in the Fraser Centre. As part of the agreement, the Campbells will become partners in the venture to restore and renovate the Glennland Building into a mixed-use space housing a boutique hotel and s...
Access Point Financial Continues Growth Trajectory With Senior Management Team Additions
Access Point Financial | September 11, 2019
Recognized leader in hospitality-focused lending taps seasoned real estate and finance executives for further expansion of management team ATLANTA - September 10, 2019 - Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the appointment of two new managing directors to its senior leadership team, including Justin Perry as Managing Director/Legal Affairs and Lori Tirado as Managing Director/Business Development. The new appointments come on the heels of senior leadership announcements made earlier this year, and are part of an overal...
Radisson Signs With Astri Group to Debut Radisson RED Tallinn in Estonia
Radisson | September 10, 2019
Brussels/Tallinn - September 10, 2019 - Radisson Hotel Group, one of the largest and most dynamic hotel groups in the world, is pleased to announce the signing of another Radisson RED property in Europe – continuing the brand’s global expansion. Due to open in late 2023, the Radisson RED Tallinn (Estonia) will arrive in the heart of the country’s lively capital as the group’s third hotel brand – alongside Radisson Blu and Park Inn by Radisson. The Estonian capital is a destination that’s rapidly growing in popularity. Last year, 4.65m international visitors traveled to Tallinn, taking the opportunity to experience the many crea...
Aleph Hospitality Signs Franchise Agreement for New Protea Hotel by Marriott in Kenya
Aleph Hospitality | September 10, 2019
DUBAI, United Arab Emirates, September 10, 2019 -- Dynamic independent hotel management company Aleph Hospitality has signed a franchise agreement with global hotelier Marriott International for a new Protea Hotels by Marriott hotel in Kisumu, Kenya. On behalf of the hotel owner, Bluewater Hotels, Aleph Hospitality will operate the new-build property under the Protea Hotels by Marriott brand. Bani Haddad, Founder and Managing Director of Aleph Hospitality, commented: “We are thrilled to work with Marriott International to bring the first internationally branded hotel to Kisumu, Kenya’s third largest city. “As Aleph Hospitality ...
Hospitality Financial Leadership: Creating Agreements vs. Having Expectations
David Lund | September 10, 2019
There is a popular saying in American spurned on by the slogan for a doughnut and coffee chain, "America Runs on Dunkin’." In this piece I am going to write about another thing that our western culture runs on even more than coffee and doughnuts, and that’s expectations. And just like coffee, and especially doughnuts, expectations are really bad for you. You are probably thinking I am nuts even creating the title Creating Agreements vs. Having Expectations. It sounds kind of Pollyanna. But I want to encourage you to read on. This is my second article on this topic, and I am especially passionate about showing you the distinction betwee...
Sonnenblick-Eichner Company Arranges First Mortgage Financing for Post Ranch Inn, Big Sur, California
Sonnenblick-Eichner Company | September 10, 2019
Beverly Hills, CA (September 10, 2019) – Sonnenblick-Eichner Company announced today that it has arranged first mortgage financing for the Post Ranch Inn, an iconic 39-room, full-service, luxury resort located in Big Sur, CA. The 10-year, interest-only, non-recourse loan has a fixed interest rate of 3.29 percent. The credit spread was sub-120 basis points. Overlooking the Pacific Ocean from the cliffs of Big Sur, Post Ranch Inn is internationally recognized as one of the finest destination resorts in the world. Situated on approximately 90 acres, the property features 39 guestrooms in 27 buildings, a spa, two cliff-top infinity-edge p...
Townhouse Hotel Miami Beach Builds Flexible Ownership Reporting With Aptech’s PVNG
Aptech Computer Systems, Inc. | September 10, 2019
Easy Upgrade from Profitvue® to PVNG Adds Multi-Property Cloud Accounting, Versatile Reporting for Excel and PDF PITTSBURGH, September 10, 2019 – Aptech Computer Systems, the industry standard for hospitality financial systems announced the Townhouse Hotel Miami Beach implemented the PVNG Enterprise Hotel Accounting System to move its back office to the Cloud for multi-property accounting. Townhouse Hotel Miami Beach is minutes from downtown Miami and combines modern design and authentic hospitality that make it an ideal retreat getaway. Aptech is an IBM Premier Solution Provider as well as a Prophix Premier Business Partner offering we...
Hyatt Plans First Two Hyatt-Branded Hotels in Manchester: Hyatt Regency Manchester Oxford Road and Hyatt House Manchester/Oxford Road
Hyatt Hotels Corporation | September 9, 2019
CHICAGO (September 9, 2019) – Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with Ewart Manchester Properties Limited, a majority owned subsidiary of M&L Hospitality, for Hyatt Regency Manchester Oxford Road and Hyatt House Manchester/Oxford Road, both of which will be located in Manchester, UK. The 212-room Hyatt Regency hotel and the 116-room Hyatt House hotel will both be located in the landmark building “The Lume,” and are expected to open in 2020, which would bring the total number of Hyatt-branded hotels in the U.K. to 11 by 2022. “We are excited to announ...
McKibbon Breaks Ground on Two Hyatt House Hotels in Tampa and Orlando
Hyatt House | September 9, 2019
TAMPA, Fla. (Sept. 9, 2019) — Tampa-headquartered McKibbon Hospitality and Georgia-based McKibbon Places announced today the groundbreaking of two new top-tier extended-stay hotels: Hyatt House Tampa Airport Westshore, located in Westshore’s Avion Park at the corner of O’Brien St. and Laurel St., and Hyatt House Orlando Airport, located in Orlando’s Gateway Village. As with all Hyatt Houses, guests of the Tampa and Orlando properties will have the option to book rooms and suites featuring separate areas to work and relax, in addition to a full kitchen with ingredients available in the 24-Hour Market. Amenities and everyday comforts...
Developer’s Plan for 112-Room Hotel in Park Ridge, Illinois Moves One Step Closer
September 6, 2019
A developer’s plan to build a four-story, 112-room hotel along a stretch of Higgins Road in Park Ridge has moved another step forward, though the project is still far from a done deal. The Park Ridge City Council on Sept. 3 voted 4-2 to approve a special-use permit for the planned development of a hotel at 1440 Higgins Road, the site of Mr. K Garden and Material Center. Fifth Ward Ald. Charlie Melidosian and 6th Ward Ald. Marc Mazzuca voted against the project, and 4th Ward Ald. Roger Shubert, who had voted “no” on the first reading last month, was absent. Mazzuca, who has objected to the height of the building and the number of o...
Radisson Hotel Group Signs With Aegean Investments for First Radisson Blu Hotel in Sakarya, Turkey
Radisson Blu | September 6, 2019
Brussels/Sakarya - September 5, 2019 - Radisson Hotel Group is delighted to announce the signing of the first ever Radisson Blu hotel in Sakarya, one of the largest automotive and industrial hubs in Turkey. With the signing of the Radisson Blu Hotel, Sakarya (Turkey), the group is getting closer to 30 hotels in operation and under development across the country – further accelerating its ambition to have more than 50 properties within the next five years. Expected to open before the end of the year, the hotel will be the perfect place for business travelers and leisure guests seeking the best possible hotel experience. In addition to ...
Life House to Open North Denver’s First Boutique Hotel and Hostel in Early 2020
September 6, 2019
Walk a few blocks in any direction in Lower Highland, and you’re sure to come across a coffee shop or cafe or retail store. But traverse the same postcard picture of a Denver neighborhood, and you’d be hard-pressed to find any vacation lodging outside Airbnb rentals. By early 2020, the first boutique hotel of its kind will open in north Denver, and over the next five years, the venture capital-backed brand Life House has plans to build as many as 10 similar small hotels in neighborhoods around the city. “(Lower Highland) is obviously rich in history and culture,” said Rami Zeidan, Life House’s New York-based CEO and founder. ...
Ascent Hospitality Opens New SpringHill Suites Following $14M Transformation of Montgomery’s Historic Bishop-Parker Store
September 5, 2019
SpringHill Suites plans to welcome its first guests Friday in downtown Montgomery after developers nearly three years and $14 million transforming a historic downtown building. The unique, wedge-shaped building at 152 Coosa St. is across the street from Riverwalk Stadium and a short walk from the new Equal Justice Initiative facility. It was built in 1905 by Schloss & Kahn Wholesale Grocers and most recently served as a furniture store and warehouse for Bishop-Parker. Workers designed and built the new hotel with nods to features such as the original high ceilings, brick walls and exposed beams. General Manager Debbie Bozeman said t...
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