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 Innovators to Converge at Sixth Annual RSS This July
Kalibri Labs | January 23, 2018
Hotel Industry Leaders Meet to Confront Challenges of Evolving Consumer Trends and Increasing Complexity in Distribution and Technology Washington, D.C., January 23, 2018 — Hoteliers and industry thought leaders will come together July 10 to identify the major trends transforming hospitality and share best practices for facing them at the annual RSS in Washington, D.C. The sixth RSS will be held at The Newseum on Pennsylvania Avenue, just a few blocks from The White House. "The Newseum is a perfect venue for RSS in its sixth year, because it seems like it's a new story in this industry every day," said Patrick Bosworth, Co-Founder...
Hilton Appoints Navjit Ahluwalia and Jatin Khanna to Key Leadership Positions in India
Hilton | January 22, 2018
GURGAON, India and MCLEAN, Va. - Hilton (NYSE: HLT) today announced the appointments of Navjit Ahluwalia as Senior Vice President and Country Head, India, and Jatin Khanna as Vice President and Head of Operations, India. Effective immediately, Ahluwalia will oversee Hilton's 33 hotels trading and under development, including the recently opened Conrad Bengaluru, while leading the company's growth strategy in the country. Khanna, who assumes his position next month, takes over operations from Andre Gomez, who will be moving to a new role elsewhere in the company. "India is swiftly becoming one of the fastest growing travel a...
The Provenance Chain: Uncovering the Connection Between Provenance and Sustainable Growth
IHG | January 22, 2018
2018 IHG Trends Report demonstrates the competitive advantage derived from a powerful and authentic provenance which resonates with consumers Provenance is the foundation for enduring brand success and has become more important than ever for organisations wanting to succeed in today's complex consumer environment. That is the finding of the 2018 Trends Report published today by IHG® (InterContinental Hotels Group) at the World Economic Forum in Davos. In the sixth edition of this annual report series, IHG reveals The Provenance Chain; five interconnected stages which provide a demonstrable link between provenance and sustainable gro...
HFTP Launches New GDPR Bytes Site, an Addition to its Online News Portfolio
HFTP | January 19, 2018
A daily news source as the industry prepares for a compliance date of May 25, 2018 Hospitality Financial and Technology Professionals (HFTP®), an international nonprofit hospitality association, announced today the launch of its new GDPR Bytes website. GDPR Bytes is an aggregated content destination where users will find the latest news all in one place. The cross-platform site serves as a daily news outlet that brings together specific publications, reports, feature articles, white papers and more. As hospitality companies conducting business in Europe prepare to make operational changes to conform with the EU General Data Protecti...
Avison Young Hospitality Group Has Another Strong Year in 2017
Avison Young | January 18, 2018
ATLANTA – January 18, 2018 – The Avison Young Hospitality Group announced today that 2017 was another strong transaction year for the hotel practice group. Since 2013, the group has closed 325 hotel transactions, consisting of 93 Marriott, 68 Hilton, 43 IHG, 28 Choice, 17 Red Roof, 15 Wyndham, seven Carlson and 54 other branded, historical or independent hotels. In addition, the hospitality practice currently has 191 assets on the market with a cap value of $3.2 billion. These assets combined have over 17,000 rooms. 70 of the assets are hotels under sale agreement totaling almost 1 billion in allocated property value. "Given...
All Suites Brands by Hilton Recognize Top Hotels and Team Members at First-Ever Tri-Brand Conference
Embassy Suites by Hilton | January 17, 2018
Attendees Participated in Clean the World's Largest Hygiene Kit Building Event To-Date NEW ORLEANS and MCLEAN, Va. - The three award-winning brands that are part of the All Suites portfolio by Hilton (NYSE: HLT) - Embassy Suites by Hilton, Homewood Suites by Hilton and Home2 Suites by Hilton - recognized top hotels and team members as best-in-class performers during the recent All Suites hotel leadership conference held in New Orleans. This marked a significant milestone for the All Suites brands by Hilton, as it was their first joint conference since the creation of the category in 2015. Additionally, as the first in the hotel industry...
SHR 2017—Another Year of Growth and Innovation
SHR | January 17, 2018
HOUSTON, TX, January 17, 2018—SHR, Sceptre Hospitality Resources, a pioneer and leading provider of advanced hotel distribution technologies and developer of Windsurfer® CRS, is pleased to provide a look back at its activities over 2017, a year full of new clients, partners, and innovation, including the following highlights and milestones. Growth and Market Expansion Cross-Tinental Acquisition. In August, SHR acquired Cross-Tinental, a well-known leader in the European hospitality tech consultancy sector. This purchase served to immediately jump start SHR's already growing European presence, giving the company a broader base ...
Owned by Prestige Group, New Conrad Bengaluru Opens in India
Conrad Hotels & Resorts | January 16, 2018
BENGALURU, India – (January 16, 2018) – Conrad Hotels & Resorts today celebrates further expansion in India with the opening of Conrad Bengaluru. Soaring 24 stories above Bengaluru's Central Business District, the new luxurious hotel, which is owned by Prestige Group and managed by Hilton (NYSE: HLT), is superbly located in the city providing excellent accessibility to prime business, technology, art and entertainment districts. "The impressive Conrad Bengaluru is an outstanding addition to our luxury portfolio in Asia Pacific and we are delighted to be partnering with the Prestige Group on this exciting project. The tim...
PwC: Global Economic Growth in 2018 on Track to Be Fastest Since 2011
PwC | January 16, 2018
The main engines of the global economy - the US, emerging Asia and the Eurozone - are expected to contribute almost 70% of economic growth in 2018 compared to their post-2000 average of around 60%. Growth in the Eurozone is predicted to be above 2% in 2018, as PwC expects the peripheral economies to outpace the core for the fifth consecutive year. Of the larger Eurozone economies, the Netherlands is expected to lead the way with economic growth at around 2.5%. By contrast, uncertainty relating to Brexit is expected to drag on UK growth, which is predicted to be 1.4% in 2018. Barret Kupelian, senior economist at PwC, comments: "In 2...
Hospitality Asset Managers Association (“HAMA”) Names 2018 Board of Directors
HAMA | January 16, 2018
ATLANTA, Ga., January 16, 2018—Officials of the Hospitality Asset Managers Association ("HAMA") today announced their new board of directors for 2018. Recently appointed at the group's semi-annual conference, the new members include: CHMWarnick's Maxine Taylor as president Three Wall Capital's Tim Dick as vice-president Fulcrum Hospitality's Larry Kaminsky as secretary Host Hotels & Resorts' Christopher Ostapovicz as treasurer Pinnacle Advisory Group's Matthew Arrants as marketing chair hotelAVE's Kim Gauthier, CHAM (Certified Hotel Asset Manager), as head of the education chair CHMWarnick's Larry Trabulsi as head of t...
Sonnenblick-Eichner Company Arranges $60,000,000 of Financing for The St. Regis Deer Valley, Park City, Utah
Sonnenblick-Eichner Company | January 16, 2018
Beverly Hills, California – January 16, 2018 – Sonnenblick-Eichner Company announced today that it has arranged $60 million of financing for The St. Regis Deer Valley (www.stregisdeervalley.com), a year-round destination resort located on the slopes of the world renowned Deer Valley ski area in Park City, Utah. The St. Regis Deer Valley offers 67 hotel condominium suites divisible into 177 hotel keys and 25 private whole-ownership residences. The ski-in, ski-out resort is considered among the finest destination ski resorts in the world. Amenities at the resort include the 14,000 square-foot Remède Spa and fitness faci...
The Belvedere Hotel Trusts IDeaS’ Advanced Technology to Optimize Revenue Strategy, Increase ADR
The Belvedere Hotel | January 16, 2018
Independent hotel switches revenue technology to capture more demand and optimize revenue results with IDeaS G3 RMS Tweet this: @BelvedereNYC switches #revenuemanagement providers to optimize revenue opportunities with @IDeaS_RevOpt MINNEAPOLIS – Jan. 16, 2018 – Step into the 1920s at this art-deco styled, independent property in New York City – The Belvedere Hotel. This non-traditional boutique hotel, accommodating an impressive 355 guestrooms, is within a block and a half of Times Square, yet offers guests a quiet residential feel. The Belvedere sought to upgrade its revenue strategy solution in order to keep up with...
Fairfield Inn & Suites Grand Mound Centralia Opens in Rochester, Washington with General Manager Curtis Crimmins at the Helm
Fairfield Inn & Suites | January 15, 2018
Rochester, WA – January 16, 2018 – The 88-room Fairfield Inn & Suites by Marriott in Rochester, Washington opened today with its unique design and décor that incorporate the Native American culture and reflect the heritage of the ownership. Located at 6223 197th Way SW, the Fairfield Inn & Suites Grand Mound Centralia will operate as a Marriott franchise, owned by Chehalis Tribal Enterprises and managed by InnSight Hotel Management Group. Whether traveling for business or pleasure, the Fairfield Inn & Suites Grand Mound Centralia offers guests convenient access to the Lucky Eagle Casino, the Great Wolf Lod...
Plaza Hospitality Selects Hotel Equities to Manage Holiday Inn Express & Suites in Trinity, Florida
Hotel Equities | January 15, 2018
ATLANTA–January 15, 2018–Atlanta-based Hotel Equities recently announced its selection as the management firm for the Holiday Inn Express & Suites in Trinity, Florida. Owned by Plaza Hospitality, LLC, the property continues to be a first choice for travelers in the Trinity, Florida market with some of the highest guest satisfaction scores and a top ranking among nearly 300 hotels in the Tampa St. Petersburg Clearwater area. Located in the North Tampa Bay community of Trinity, the lakefront, resort-style hotel stands conveniently among shopping and restaurants and within minutes of beaches and the wide variety of attracti...
Hospitality Financial Leadership – Recording Average Length of Stay
David Lund | January 15, 2018
The one thing I see time and time again with clients is just how poorly their financial statements are set up. The statements almost always lack basic information that is readily available and is critical information for maximizing profitability: poor design and missing features. If they were a car, I would want to call them a Lada. My apologies to any Russian readers. The flip side of this challenge is all the information that is needed to fix this reporting problem is at your fingertips. No new software is required. No real investment. Your team just needs to use what they already have and put it to work. Typical stumbling blocks to c...
HFTP Now Accepting Applications for Entrepreneur 20X at HITEC Houston 2018
HITEC | January 15, 2018
Innovative pitch competition for hospitality technology startups Back by popular demand, international nonprofit Hospitality Financial and Technology Professionals (HFTP®) is proud to host its innovation pitch competition, Entrepreneur 20X (E20X), at the world's largest hospitality technology exposition in 2018. HFTP is currently accepting applications online from hospitality startups who wish to compete in E20X at HITEC® Houston this June. Past applicants and winners are welcome to re-apply as long as they are still considered Series A or a startup. E20X came to be at HITEC Austin in 2015, and since has expanded internatio...
Owned by Dreamcatcher and Managed by Sun Capital Hotels, Fairfield Inn & Suites by Marriott Now Open in Albuquerque, New Mexico
Fairfield Inn & Suites | January 15, 2018
Albuquerque, NM – January 16, 2018 – The 89-room Fairfield Inn & Suites by Marriott in Albuquerque, New Mexico opened in December with its smart, inventive public space and guest room design, and its bright and inviting décor. Located at 4875 Pan American West Freeway NE, the Fairfield Inn & Suites Albuquerque North will operate as a Marriott franchise, owned by Dreamcatcher and managed by Sun Capital Hotels. Located 10 miles from Albuquerque International Sunport and five minutes from downtown, the Fairfield Inn & Suites Albuquerque North offers guests convenient access to businesses located in the Albuqu...
The Hotel Group Expands Portfolio with Addition of Home2 Suites by Hilton – Yakima Airport, Washington
The Hotel Group | January 11, 2018
Seattle, WA, January 11, 2018 — The Hotel Group, a leading national hotel management and investment company, announced today the addition of the four-story Home2 Suites by Hilton Yakima - Airport, Washington to its growing portfolio. The property broke ground in late 2017 and is scheduled to open Spring 2019. The hotel is being designed to comfortably host families and sports teams, along with business and leisure travelers. The property is being developed by Yakima based Hogback Development and will feature 107 studios with one-bedroom suites and kitchenettes. The Home2 Suites by Hilton Yakima Airport is designed to appeal to "sa...
Lake Lawn Resort Selects Solution Suite from Rainmaker to Increase Profitability and Outperform the Competition
Rainmaker | January 10, 2018
Wisconsin Resort Implements Rainmaker's Industry-Leading Revenue Optimization Solutions ALPHARETTA, GA. — Jan. 11, 2018 — The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that Lake Lawn Resort in Delavan, Wis., has selected a comprehensive solution suite, including guestrev®, grouprev®, revcaster® and revintel®, to optimize hotel revenue and drive competitive advantage at the 271-room property. The agreement expands Rainmaker's footprint in the upscale hotel and resort market. Lake Lawn Resort, located less than 90 minutes...
Serent Capital Invests in BirchStreet Systems, a Leader in Procure-to-Pay Business Solutions
BirchStreet Systems | January 10, 2018
San Francisco, CA – January 10, 2018 – Serent Capital, a San Francisco-based private equity firm focused on investing in high-growth technology and services businesses, has made a minority investment in BirchStreet Systems, the leading provider of cloud-based procure-to-pay automation software for customers in the hospitality, restaurant, and foodservice industries. BirchStreet's suite of solutions encompasses eProcurement, Accounts Payable Automation, Inventory Management, Recipe System Management, and Capital Projects. The software increases efficiency by streamlining many manual processes and creates a comprehensive, inte...
Paramount Lodging Advisors West Coast Office Sells California Courtyard by Marriott Land
Paramount Lodging Advisors | January 10, 2018
Paramount Lodging Advisors (PLA) has successfully executed the sale of a land parcel with approvals for a 122-room Courtyard by Marriott development located in Petaluma, California. Senior Managing Director Scott Griemsmann represented the seller in this transaction. The hotel itself will be part of the 35-acre "Riverfront" mixed use development. It is currently planned to include office, residential, retail, and 7.5 acres of open space. "We are very pleased with the results for this transaction. This is a great project in a high barrier to entry market that has easy access to Napa/Sonoma wine country and the San Francisco Bay Area. Thi...
Sonnenblick-Eichner Company Arranges $110,000,000 of First Mortgage Financing for InterContinental San Francisco
Sonnenblick-Eichner Company | January 10, 2018
Beverly Hills, California – January 10, 2018 – Sonnenblick-Eichner Company announced today that it has arranged $110 million of first mortgage financing to refinance the InterContinental San Francisco, a 32-story, 550-room hotel located adjacent to San Francisco's Moscone Convention Center in the South of Market district (SOMA) of downtown San Francisco, California. The Four-Diamond, AAA-rated hotel includes 43,000 square feet of meeting, banquet and pre-function space; Luce, a Michelin rated restaurant; a 10,000 square-foot spa and subterranean parking accommodating 180 valet spaces. The interest rate for this 10-year, non-...
Owned by Starwood Capital and Managed by Aimbridge Hospitality, Courtyard by Marriott Opens in Woodbury, Minnesota
Courtyard by Marriott | January 10, 2018
Woodbury, MN – January 11, 2018 – Courtyard by Marriott St. Paul/Woodbury is scheduled to open its doors in Woodbury, Minnesota today, January 11, 2018. Featuring an innovative lobby space as well as Courtyard's latest contemporary room design, the new hotel provides flexibility and choices that allow guests to optimize and elevate their travel experience. Located at 185 Radio Drive, the 120-room hotel will operate as a Marriott franchise, owned by Starwood Capital and managed by Aimbridge Hospitality of Plano, Texas. Whether traveling for business or pleasure, the Courtyard St. Paul/Woodbury offers guests convenient access ...
2018 Commercial Real Estate Lending Predictions
Brian Holstein | January 9, 2018
By Brian Holstein Borrowers and lenders both enjoyed a fruitful 2017 and US Hotel Advisors predicts that 2018 will be more of the same. Looking Back at 2017 Most experts predicted that 2017 would be a rough year for commercial real estate lenders and borrowers alike. The "Wall of Maturities" was supposed to come crashing down. The newly-instituted risk-retention regulations were expected to curtail lending capacity and damage liquidity. Both the 10-year Treasury rate and loan spreads were projected to rise. All of this sounds dreadful, unless of course it never happened. US Hotel Advisors took the contrarian view and got it right. The "...
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