Kimpton San Antonio Celebrates Its Topping Out on Schedule
Kimpton Hotels & Restaurants | July 20, 2023
The Jamul Indian Village Development Corporation Announces New Hotel Expansion to the Jamul Casino
Jamul Indian Village of California (JIV or Tribe) | May 23, 2023
Finance & Development
Hospitality Financial Leadership – Management Incentive Plans
David Lund | April 9, 2018
By David Lund Recently I have been working with a client who has four hotels and we worked on putting together an incentive plan for his executives. This is a story about how we structured the incentive and the goals around the plan and his business. Bonus plans or management incentive plans are nothing new. Even a recent client had almost always given his senior people an annual bonus, typically at the holiday time. When I asked him what it was based on, he said it was just the overriding feeling of his thanks for a job well done. We then discussed the very real fact that he had not shared his financials with his leaders and this was s...
Managed by Diagonal Hotels, Curio Collection by Hilton Debuts in City of Love with First Hotel in Paris
Curio Collection by Hilton | April 5, 2018
PARIS and MCLEAN, Va. - Hilton (NYSE:HLT) announced the opening of Niepce Paris Hotel, Curio Collection by Hilton today. The hotel was hand-picked to be a part of the exclusive collection of one-of-a-kind, independent hotels and resorts all celebrated for their individuality. Located in the heart of the artistic district of Montparnasse, Niepce Paris Hotel offers guests close proximity to unexpected treasures, while being in one of the most sought-after capitals in the world. "We are pleased to welcome Niepce Paris Hotel to Curio Collection by Hilton, as we make our debut in the iconic city of Paris," said Mark Nogal, global h...
Hotel Supply in France: Nothing Begets Nothing
Georges Panayotis | April 4, 2018
By Georges Panayotis Without a doubt the machine is jammed. The French hotel supply has been stable for nearly 15 years. Meanwhile, all other major and competing destinations have largely developed their supplies in the face of globalization and the liberalization of trade and travel. This is true in Germany, Spain, the United Kingdom... It is time to check out and service the engine driving France's supply before it breaks down for good. For the moment there is a fuel shortage, but care must be taken because the malfunction is getting worse. While depending on the method – including listed hotels or not, those closed for works, i...
Hilton San Francisco Union Square and Parc 55 – A Hilton Hotel, Welcome Terry Lewis as the New Complex General Manager
Hilton San Francisco Union Square | April 3, 2018
SAN FRANCISCO – April 4, 2018 – Hilton today announced the appointment of Terry Lewis as Complex General Manager of Hilton San Francisco Union Square and Parc 55 – A Hilton Hotel. With nearly 3,000 guestrooms, more than 164,000 square feet of meeting and event space and eight food and beverage outlets, Hilton San Francisco Union Square and the adjacent Parc 55 – A Hilton Hotel together comprise one of the largest hotel complexes in the Western United States. The hotels are uniquely positioned at the center of San Francisco's three distinctive neighborhoods featuring the city's most popular attractions, including ...
Hospitality and Financial Technology Professionals (HFTP) to Develop Joint Program for Students of the NYU School of Professional Studies
the NYUSPS Jonathan M. Tisch Center for Hospitality and Tourism | April 2, 2018
AUSTIN, TEXAS, USA (April 2, 2018) — Hospitality Financial and Technology Professionals (HFTP®) is pleased to announce the joint development of a new program with the NYU School of Professional Studies (NYUSPS ) Jonathan M. Tisch Center for Hospitality and Tourism, which provides the students with the opportunity to prepare for their HFTP Certified Hospitality Technology Professional (CHTP ®) designation. The program, which is expected to launch in the 2018-2019 academic year, will include HFTP-approved CHTP information in the School's 14-week class syllabus. A faculty advisor, who has attained and maintains the CHTP c...
Hospitality Financial Leadership – The OTA Distraction – Pushing Rather Than Pulling
David Lund | April 2, 2018
By David Lund You cannot go a day online in the hotel community without seeing a ton of OTA related discussion. Hoteliers are like scared kittens when it comes to how they have been treated by the evil empire that the "On-Line Travel Agencies" has created. There is no doubt that the OTAs have dramatically changed the landscape in the last 20 years since Expedia bounced into the world under the strict parenting of Microsoft. In this piece, I want to offer a different perspective—one based on a different view of the OTA revenue creation and resulting costs. I also want to look at and analyze some black and white revenue and profit f...
Owned by American Life, the Embassy Suites by Hilton Seattle Downtown Pioneer Square Opens
Embassy Suites Hotels | April 2, 2018
SEATTLE and MCLEAN, Va - Embassy Suites by Hilton, a global brand of upscale, all-suite hotels from Hilton (NYSE: HLT), announced the opening of a new hotel located in Pioneer Square, Seattle's first neighborhood. The bright and modern Embassy Suites by Hilton Seattle Downtown Pioneer Square is conveniently located near all attractions the city is known for, including Pike Place Market, Pier 55 and the Seattle Art Museum. With its close proximity to CenturyLink Field and Safeco Field, guests are a short walk away to various sporting events. The hotel is also located next to King Street Station off I-5 and just a mile from ferry terminal...
Completing Conversion, Interstate Europe Opens Hotel Indigo Durham with Paul Borg as General Manager
Hotel Indigo | April 2, 2018
Famous for its eponymous university, Durham is laden with historic pubs, listed buildings, cosy cafes and spellbinding churches, surrounded by rolling countryside and quiet villages. Durham may be quaint, but the University's Botanic Gardens, compete with woodland and tropical plants, the River Wear and the city's striking scenery provide visitors a retreat into peace and tranquillity or the perfect opportunity to get outdoors. A stone's throw from the city's cathedral and castle – which together make up the city's famous UNESCO World Heritage Site – the hotel is also within easy walking distance from Durham train sta...
IHG Signs With Watson Elite for Hotel Indigo Sydney Central Set to Open in 2021
IHG | March 29, 2018
Travellers will soon have a refreshingly local way to satisfy their curiosity when staying in Sydney, with the signing of Hotel Indigo Sydney Central by IHG® and Watson Elite. No two Hotel Indigo properties are the same, with each drawing on the story of its local area to inspire every aspect of the hotel to help guests feel part of the destination. That's why Sydney's Central precinct, with its rich history, is the perfect fit for the brand. When it opens in 2021, Hotel Indigo Sydney Central's design, created by Bates Smart, will draw its unique identity from the neighbourhood's rich heritage and the nuances of the site. The cantil...
HITEC Amsterdam 2018 Entrepreneur 20X Participants and Judge’s Panel Announced
HITEC | March 29, 2018
HFTP selected 11 hospitality technology startups and four expert judges for E20X Amsterdam 2018 Hospitality Financial and Technology Professionals (HFTP®), producers of Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce the selected hospitality technology startups and expert judges panel that will participate in Entrepreneur 20X (E20X) at HITEC Amsterdam next month. All registered HITEC attendees are welcome to attend the action-packed pitch competition taking place on Wednesday, 11 April 2018 beginning at 14:30 in the RAI Amsterdam Convention Centre. Participants will have access to a tea...
LaSalle Hotel Properties Board of Trustees Confirms Unanimous Rejection of Unsolicited Proposal from Pebblebrook Hotel Trust
LaSalle Hotel Properties | March 28, 2018
Grossly Inadequate Proposal Significantly Undervalues LaSalle and is Not in the Best Interests of Shareholders LaSalle Reiterates Confidence in its Ability to Deliver Exceptional Value to Shareholders Emphasizes Commitment to Previously Announced Share Repurchase Program Announces Dividend Policy for 2018 BETHESDA, Md. - March 28, 2018 - LaSalle Hotel Properties (NYSE: LHO) ("LaSalle" or the "Company") today confirmed that its Board of Trustees (the "Board") unanimously rejected an unsolicited proposal received on March 6, 2018 from Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") to acquire all outstanding shares of LaSalle in...
Pebblebrook Hotel Trust Releases Letters to LaSalle Hotel Properties Proposing Merger
Pebblebrook Hotel Trust | March 28, 2018
BETHESDA, Md. - March 28, 2018 - Pebblebrook Hotel Trust (NYSE: PEB) ("Pebblebrook") today released two letters, dated March 6, 2018 and March 20, 2018, to LaSalle Hotel Properties (NYSE: LHO) ("LaSalle") in which Pebblebrook proposed a share-for-share merger. The proposal represented an implied merger price of $30.001 per LaSalle common share, representing a premium of 18.0% to LaSalle's trailing 10-day VWAP as of March 5, 2018, based on the proposed fixed exchange ratio of 0.8655 Pebblebrook common shares for each LaSalle common share. As of the close on March 27, 2018, the implied merger price was $29.952 per LaSalle common share...
Embassy Suites by Hilton Miami International Airport Completes $10 Million Renovation
Embassy Suites by Hilton | March 28, 2018
Miami, Fla. – March 2018 – The 318-suite full-service Embassy Suites by Hilton Miami International Airport, has completed a $10M renovation of its atrium, lobby, restaurant, lounge, meeting space, breakfast area, fitness center and public space. The refresh includes design elements to brighten the ambiance and update amenities providing a fresh, modern urban environment for the only Embassy Suites by Hilton Hotel in the Miami area. Located near the Miami International Airport, the hotel was inspired by the color palette that surrounds the Florida landscape. The new design creates a soothing and comfortable, at-home atmospher...
WTTC Research Shows Travel & Tourism Responsible for Creation of 7 Million New Jobs Worldwide
WTTC | March 27, 2018
WTTC's annual Economic Impact Research, released today, shows that Travel & Tourism was responsible for the creation of 7 million new jobs worldwide. The report also shows that 2017 was a bumper year for the global Travel & Tourism sector, which grew at 4.6%, much faster than the economy as a whole (3% growth during 2017). Gloria Guevara, WTTC President & CEO said, "Travel & Tourism creates jobs, drives economic growth and helps build better societies. Our research shows that our sector was responsible for the creation of one in five of all jobs globally. In the last few years, Governments around the world are realising ...
Singha Estate PCL Partners With Hilton to Open New 198-Room Boutique Resort in the Maldives by End-2018
Singha Estate Public Company Limited | March 27, 2018
MALDIVES and MCLEAN, Va. - Hilton (NYSE: HLT) has entered into a franchise agreement with Singha Estate Public Company Limited (Singha Estate PCL) to open a new boutique resort in the Maldives, which will join the Curio Collection by Hilton portfolio of nearly 50 upper upscale independent hotels around the world. The new Curio Collection property forms part of CROSSROADS project, the first-ever integrated leisure and entertainment resort destination that is currently under development in Emboodhoo Lagoon, Maldives. The new resort will be managed by S Hotels & Resorts, a subsidiary of Singha Estate PCL, and is scheduled to open in en...
HFTP Announces Exclusive CIO/CFO Event Sponsorship Agreement With Fourteen IP at HITEC Amsterdam
HFTP | March 27, 2018
AUSTIN, TEXAS, USA -- Hospitality Financial and Technology Professionals (HFTP®), an international nonprofit and producers of the Hospitality Industry Technology Exposition and Conference (HITEC®), is pleased to announce its exclusive CIO/CFO event sponsorship agreement with Fourteen IP Communications Ltd at the upcoming HITEC Amsterdam 2018. The invitation-only event that brings together CIOs and CFOs from leading hotel and hospitality companies from across Europe will take place on 11 April to kick-off HITEC Amsterdam, which is taking place from 11-13 April at the RAI Amsterdam Convention Centre. The CIO/CFO pre-conference eve...
Hilton Signs With Wessal Capital for 150-Room Hotel Set for 2022 Opening in the Moroccan Capital City of Rabat
Hilton | March 27, 2018
DUBAI, United Arab Emirates, March 27, 2018/ -- Hilton (NYSE:HLT) (http://HiltonWorldwide.com) will once again be welcoming guests to the Moroccan capital city of Rabat from 2022 after a landmark deal was signed with Wessal Capital. At a ceremony in Dubai, a management agreement for a 150 room Hilton Rabat to form part of the city's Wessal Bouregreg project was confirmed. The Wessal Bouregreg master development contains a range of high-end residential, entertainment and cultural attractions on the banks of the river Bouregreg. Guests at Hilton Rabat will enjoy close proximity to a range of new state of the art facilities including a sho...
Spring Hotel Outlook Shows Stability and Consistency in North American Markets
TravelClick | March 27, 2018
Strong Transient Booking Growth is Welcomed News for Hoteliers in Q1 NEW YORK – March 27, 2018 – TravelClick, a leading global provider of data and revenue-generating solutions for hoteliers, today released new data from the Company's March 2018 North American Hospitality Review (NAHR). According to this data, North American hoteliers are continuing to see growth across all travel segments, up 0.7 percent in average daily rates (ADR) and 1.7 percent in bookings during the first quarter of 2018. This marks an ongoing positive trend from the beginning of the year. Transient travel in particular is experiencing solid growth in ...
The Rainmaker Group Kicks Off 2018 With Record-Setting Performance
Rainmaker | March 27, 2018
Company experiences astounding sales increase of 187 percent year-over-year ALPHARETTA, GA – March 27, 2018 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that it has kicked off 2018 with record-breaking performance and growth. In January alone, the company experienced a sales increase of 187 percent year-over-year. In addition, the company's service revenue, which includes pricing services and revenue best practices consulting, showed an increase of 107 percent. In January and February, Rainmaker expanded its reach in both the number...
Hospitality Financial Leadership – Creating and Using Your Own Labor Productivity Tools
David Lund | March 26, 2018
By David Lund With major wage increases in many jurisdictions, it is more important than ever to have a system for planning and measuring labor productivity in your hotel. This article explains how you can do this and it is not just for the big boys, you can utilize this system in any size operation. I am working with a client who is just in the throes of getting this going in one of his hotels. It is a bit of work but well worth the effort as the results are going to pay off big time. I want to share what is working for him because I know it will work for you as well. The first thing to create is a baseline for current productivity in ...
How Long Do Economic Cycles Last?
Hans Detlefsen | March 26, 2018
By Hans Detlefsen In June of 1857 the U.S. economy entered its 30th consecutive month of expansion. But banks were already starting to feel the impact of bad loans piling up. As the gold rush slowed, the pace of migration westward across the country also slowed. Railroad stocks began to decline. Land speculators lost big when new railroad construction projects did not materialize as they had hoped. When international newspapers reported that the British government had circumvented rules pertaining to gold reserves, U.S. depositors wondered whether something like that could happen here. Banks came under increasing pressure to meet withdr...
Rainmaker VP to Speak at Tribal Casino & Hotel Development Conference
Rainmaker | March 22, 2018
Presentation to focus on the tracking mechanisms casinos can use to increase profitability ALPHARETTA, GA – March 22, 2018 – The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that Angie Dobney, vice president of casino and gaming sales, will be a featured speaker at the 11th Annual Tribal Casino & Hotel Development Conference. The conference will be held March 26-27 at the Pechanga Resort & Casino in Temecula, Calif. Rainmaker is a gold-level sponsor of the event. Dobney will participate in a panel discussion entitled, How Tracking...
Hilton and Plateno Sign Agreement for Hampton by Hilton Dalian Labor Park in Greater China
Hampton by Hilton | March 21, 2018
SHANGHAI and MCLEAN, Va., March 21, 2018 -- Hilton (NYSE: HLT) and Plateno Hotels Group today celebrated the signing of the 200th hotel in Greater China as part of a master licence agreement, first announced in 2014. Hampton by Hilton Dalian Labor Park hotel becomes the 200th signing, with nearly 30 having already opened across China. Since launch, a new hotel has been signed on average every six days, with sites located across 120 first and second-tier cities, provincial capitals and popular tourism destinations. Alan Watts, President, Asia Pacific, said, "We are incredibly proud of the remarkable success of Hampton by Hilton in C...
Avison Young Hospitality Group First Quarter Review
Avison Young | March 20, 2018
ATLANTA – March 20, 2018 – The Avison Young Hospitality Group announced today that it expects to end the first quarter of 2018 having closed one hotel every week. The most notable sales included a full-service Marriott Hotel in the Chicago MSA and a Homewood Suites in downtown Nashville. The balance of closings included four other Hilton/Marriott select service hotels located throughout several regions and additional brand family closings. Avison Young Hospitality brokers involved in the sales were Brad Sinclair, Andy Broad, Chris Stark, Michael Bernath, Rick George, Wendy Blissett, Rex Cagle, Thierry Roch and John James. "F...
1
Industry Happenings
2
Technology
3
Operations
4
All Things Independent
5
Appointments/People on the Move
Today's News
AAHOA’s Hoteliers Push Forward Impactful National Advocacy Agenda in Washington, D.C.
STR Weekly Insights: 3 – 9 March 2024
Bradford Allen Acquires 100-Key Aloft Glendale at Westgate in Glendale, Arizona
Hyatt Announces Robust Pipeline in India and Southwest Asia for 2024
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.