Minor Hotels to Debut in Singapore With Avani Hotels & Resorts Lifestyle Brand
Avani Hotels & Resorts | September 3, 2024
Brandt Hospitality Group Getting Great Results From Accounting Software Partner
Aptech | June 5, 2024
Finance & Development
Kasikci’s Bentley Management Opens 2017 with New Directions, Clients and Projects
Jim Butler | January 4, 2017
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com Recently, I had a delightful year-end lunch at the SoHo House with a remarkable man I have known and worked with about 25 years. I am very proud to call him my friend and include him amongst our "celebrity clients." When I first met this hotelier, he had recently left Four Seasons Newport Beach, and taken over the helm of the newly opened Beverly Hills Peninsula Hotel. With a hands-on intensity, he quickly turned around the financial performance at the hotel, earned the elusive 5 stars and 5 diamonds, and made the hotel the most profitable...
D’Ambra Construction Co. Gains Approval for Development of $20 Million, 120-room Hyatt Place Hotel in Warwick, RI
January 4, 2017
Jan. 04--WARWICK, R.I. -- The inauguration of city officials Tuesday night was marked by pomp and circumstance and included an announcement of approvals of a new hotel on Jefferson Boulevard. Mayor Scott Avedisian announced that D'Ambra Construction Co. has received all the approvals from the Rhode Island Commerce Corporation for a 120-room Hyatt Place Hotel on the boulevard near the airport, a more than $20-million project. The hotel project had received preliminary approvals in June. A groundbreaking ceremony is expected to take place toward the end of the month, said press secretary Courtney Marciano. Avedisian's choice of ve...
Hotel Construction Pipeline in Latin America is Steady with 892 Projects, Up 3 Percent YOY
Lodging Econometrics | December 28, 2016
December 28, 2016 – PORTSMOUTH, NH - According to the recent Construction Pipeline Trend Report for Latin America from Lodging Econometrics (LE), the region has 892 Projects/151,203 Rooms, up 3% by projects and down 1% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, the Latin America Pipeline has 410 Projects/70,564 Rooms, down 1% by projects and 6% by rooms YOY. There are 182 Projects/31,255 Rooms Scheduled to Start Construction in the Next 12 Months, up 3% by projects and 2% rooms. Projects in Early Planning, 300 Projects/49,384 Rooms, are up 8% by projects and 5% by rooms. The three cities with the large...
Hotel AG Announces Recent Closings
Hotel AG | December 27, 2016
ATLANTA – December 28, 2016 – Hotel AG announced today that in December the firm closed 5 hotel transactions located mostly in the central US. The sales included a Residence Inn, Hilton Garden Inn, Courtyard by Marriott, Holiday Inn and a Hawthorn Suites in Texas. Chris Stark, a partner with the firm, remarked, "The volatility in the hotel transaction markets seem to have stabilized post-election. These recent sales represent a sharp back to retail pricing. We as a firm are encouraged that this cycle is showing signs of lengthening as the health of the market improves." ...
Marriott Takes Top Spot Leading Franchise Companies in Global Hotel Construction Pipeline with 2,021 Projects
Lodging Econometrics (LE) | December 27, 2016
December 27, 2016 – PORTSMOUTH, NH Analysts at Lodging Econometrics (LE) report that the four leading franchise companies in the Global Hotel Construction Pipeline by project-count are: Marriott International with 2,021 Projects/347,544 Rooms, Hilton Worldwide with 1,733 Projects/267,788 Rooms, InterContinental Hotels Group (IHG) with 1,343 Projects/207,806 Rooms and Choice Hotels with 487 Projects/43,381 Rooms. The leading brand for each of these top Global franchise companies are: IHG's Holiday Inn Express with 607 Projects/73,584 Rooms, Hilton's Hampton Inn with 478 Projects/55,737 Rooms, Marriott's Fairfield Inn with 299 Proje...
El San Juan Hotel to Join Curio – A Collection by Hilton Following Multi-Million Dollar Renovation
December 22, 2016
SAN JUAN, Puerto Rico – December 22, 2016 – El San Juan Hotel is pleased to announce that it will open its doors as part of Curio – A Collection by Hilton TM to travelers and locals alike on February 5th, 2017. Following a property-wide multi-million-dollar renovation, one of the most extensive completed at the property since its inception in 1958, the highly anticipated reopening will debut the majority of the updates made to the iconic San Juan property. The new look designed by Jeffery Beers, one of the top hotel and restaurant designers in the world, will include completely remodeled guest rooms, a new pool, 22 lux...
Paramount Lodging Advisors (PLA) Thrives in the Pittsburgh Area Market
Paramount Lodging Advisors | December 22, 2016
Paramount Lodging Advisors (PLA) is pleased to announce the sale of the SpringHill Suites Pittsburgh West Mifflin and Comfort Inn & Suites Pittsburgh RIDC. PLA exclusively represented the seller on both deals with Associate Omari Head and Managing Directors Brent Clemens and Bennett Webster leading the efforts on the nearly 320 combined rooms across the two assets. The two deals mark PLA's fourth and fifth consecutive successful engagements in the Pittsburgh area in 2016. "Despite a slight dip in area performance, we were pleasantly surprised with the buyer turnout and remain bullish on broader Pittsburgh area demand," noted Head. C...
Dubai Tops List for Largest Construction Pipeline in Middle East with 110 Projects /31,555 Rooms
Lodging Econometrics | December 21, 2016
December 21, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report for the Middle East from Lodging Econometrics (LE), the total pipeline has 513 Projects/136,683 Rooms, up 21% by projects and 6% by rooms Year-Over-Year (YOY). For hotels currently Under Construction, the Middle East Pipeline has 298 Projects/81,169 Rooms, up 28% by projects and 6% by rooms YOY. There are 108 Projects/25,783 Rooms Scheduled to Start Construction in the Next 12 Months, up 23% by projects and 20% by rooms. Projects in Early Planning, 107 Projects/29,731 Rooms, are up 3% by projects and down 3% by rooms. The three ci...
Global Hotel Construction Pipeline Shows Modest Growth, Up 6 Percent by Projects YOY
Lodging Econometrics (LE) | December 21, 2016
December 21, 2016 – PORTSMOUTH, NH The Total Global Pipeline has 11,547 Projects/1,953,784 Rooms, up 6% by projects and 4% by rooms Year-Over-Year (YOY) according to the recent Global Construction Pipeline Trend Report from Lodging Econometrics (LE), who tabulates the Construction Pipeline and Census with complete ownership detail for 196 countries worldwide. For hotels currently Under Construction, the Global Pipeline has 5,417 Projects/1,008,948 Rooms, both within 1% of last year's Total. However, there are 3,514 Projects/504,938 Rooms Scheduled to Start Construction in the Next 12 Months, up 22% by projects and 19%...
An Insider’s Irreverent Guide to Travel in 2017
Alan E. Young | December 21, 2016
By Alan E. Young, Co-Founder and President of Puzzle Partner It's been a heck of a year, hasn't it? Most of us are ready to say a big Sayonara! to the hangover that 2016 has become. But really, on the whole, the travel industry had a pretty solid year. While next year doesn't register signs of dramatic growth in the number of travelers, it does appear that travelers will spend more when they do travel.[1] Capturing that revenue will be more important than ever with the uncertain political and economic landscapes. Here's where the opportunities are in 2017 to grab some of that market share: "Get the heck out of dodge" takes on a new mean...
EB-5 Financing for Developers Extended. Obama Signs “Continuing Resolution”
Jim Butler | December 20, 2016
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Author of www.HotelLawBlog.com 20 December 2016 On December 9, 2016, President Obama signed the "Continuing Resolution" passed by Congress to extend funding of the federal government until April 28, 2017, by which time it is expected that Congress will have approved a budget for the full fiscal year. EB-5 Regional Center program also extended to April 28, 2017 As with several prior budget extensions, the Continuing Resolution included an extension of the EB-5 program's Regional Center provisions, validating expectations of industry experts. This means that developers wh...
HSMAI Names Top 25 Extraordinary Minds in Hospitality Sales, Marketing, & Revenue Optimization for 2016
HSMAI | December 13, 2016
The Hospitality Sales & Marketing Association International (HSMAI) is proud to announce its 2016 honorees for The HSMAI Top 25: Extraordinary Minds in Hospitality Sales, Marketing, Revenue Optimization. The hospitality and travel industry requires creative thinkers and innovators. The HSMAI Top 25 honors these top achievers in sales, marketing, and revenue optimization of hospitality, travel and tourism organizations for their accomplishments in the preceding 18 months. HSMAI will honor The HSMAI Top 25 in conjunction with the Adrian Awards Dinner Reception and Gala on February 21, 2017, at the New York Marriott Marquis, and in a p...
Seoul Remains Top City for Hotel Construction Pipeline in Asia Pacific with 159 Projects
Lodging Econometrics | December 13, 2016
December 13, 2016 – PORTSMOUTH, NH Lodging Econometrics (LE) reports that, excluding China, the top four cities in the Asia Pacific region with the largest hotel construction pipelines by rooms are: Seoul with 159 Projects/31,233 Rooms, Jakarta with 118 Projects/20,885 Rooms, Kuala Lumpur with 47 Projects/11,484 Rooms and Tokyo with 49 Projects/10,941 Rooms. Seoul is the only one of these markets to increase Year-Over-Year with 22 projects added, up 16%. Excluding China, the leading franchise companies in Asia's Hotel Construction Pipeline are: Marriott International, after the Starwood merger, with 236 Projects/54,328 Rooms, Inte...
American Liberty Hospitality Makes Owner Profitability Job One
American Liberty Hospitality | December 12, 2016
Family Owned Operator Puts Leading Edge Financial Management Tools to Work for Stronger Property Performance PITTSBURGH – December 12, 2016 – Nick Massad, Jr. and his wife Vicki purchased American Liberty Hospitality 26 years ago on a foundation of service to its owners and investors. They worked hard, hired good people and treated every penny as if it were their own. Today American Liberty Hospitality (ALH) operates 20 properties with Hilton, IHG and other flags in Texas and Louisiana. The company is a real American success story. Nick Massad, Jr. started in the hotel business as a bellboy to help put himself through colleg...
Pebblebrook Hotel Trust and Noble House Complete $6 Million Renovation of LaPlaya Beach & Golf Resort
LaPlaya Beach & Golf Resort | December 8, 2016
NAPLES, Fla. (December 8, 2016) – LaPlaya Beach & Golf Resort, a Noble House Resort located on the idyllic Naples beachfront, is pleased to announce the completion of a $6 million renovation, which includes luxurious new Beach House guest rooms, property-wide beautification updates, new sustainability initiatives, and the introduction of a gourmet coffee bar. Located on a stunning, private six-acre white sand beach alongside the Gulf of Mexico, LaPlaya Beach & Golf Resort offers a quintessential Naples experience with an award-winning beachside restaurant, luxurious spa, exclusive golf club, and stunning waterfront views f...
Hilton To Detail A Simplified Fee-Based Business With Expanded Capital Return Potential
Hilton | December 8, 2016
Executives to highlight the business strategies for Hilton, Park Hotels & Resorts, and Hilton Grand Vacations MCLEAN, Va. - Hilton Worldwide Holdings (NYSE: HLT) ("Hilton") will host an Investor Day in New York today to discuss the company's strategy and financial outlook in conjunction with the planned spin-offs of Park Hotels & Resorts and Hilton Grand Vacations. The event will feature presentations by members of Hilton's senior leadership team including Christopher J. Nassetta, president & chief executive officer, and Kevin Jacobs, executive vice president & chief financial officer. Thomas J. Baltimo...
Valuing a Hotel’s Real and Personal Property Separately
Hans Detlefsen | December 7, 2016
How to Separate Tangible Personal Property Value from Real Property Value in Hotels A hotel's value can be categorized into real property and personal property. Real property includes the land and improvements. Personal property includes tangible1 and, sometimes, intangible2 personal property. When valuing a hotel for ad valorem tax purposes, it is often necessary to separate the tangible personal property value from the real property value, as many jurisdictions tax the real property separately. This article describes a methodology for separating the tangible personal property from the real property value of hotels. Introduction by Exa...
Lao International Development & IHG Enter Agreement for New Build InterContinental Vientiane in Laos
IHG | December 6, 2016
Set to open in 2021, the new-build InterContinental Vientiane will join Crowne Plaza Vientiane to be the second hotel managed by IHG in the capital city. The hotel will feature more than 400 rooms, offering guests a quality stay in the upcoming World Trade Centre – a mixed-use complex being developed by Lao International Development Co. Ltd. Slated to be the city's commercial hub when it opens, the complex will also include a large retail mall, medical centre, conference centre, office tower and residential towers. Strategically located a short drive away from Wattay International Airport and adjacent to Lan Cang Avenue, Vietnam S...
Los Angeles Has More Pipeline Rooms in Early Planning Than Any Other Market
Lodging Econometrics | December 6, 2016
December 6, 2016 – PORTSMOUTH, NH – According to the recent Construction Pipeline Trend Report from Lodging Econometrics (LE), Los Angeles has 18,229 Rooms/108 Projects in the Total Pipeline. Early Planning currently stands at 6,382 Rooms/37 Projects. It is the highest room-count for this stage in any market. Developers have yet to make a branding decision for 4,800 Rooms/23 Projects in Early Planning, representing significant opportunity for franchise companies and their brands. Additionally, there are 5,975 Rooms/29 Projects Under Construction and 5,872 Rooms/42 projects Scheduled to Start Construction in the Next 12 Month...
Marriott Officially Debuts New Luxury Group for Eight of Its 30 Brands
Marriott | December 5, 2016
From International Luxury Travel Market (ILTM) Cannes, Marriott International, Inc. (NASDAQ: MAR) today announced that the company continues to grow its leadership position in luxury, doubling its portfolio of luxury hotels through the recent merger with Starwood Hotels & Resorts. Providing global travelers an unrivaled selection of diversified, high-end experiences in 61 countries, the Marriott International Luxury Brands group now includes the iconic St. Regis, The Luxury Collection and W Hotels brands, in addition to the company's world-renowned hospitality hallmarks The Ritz-Carlton, Ritz-Carlton Reserve, Bulgari Hotels & Re...
How to Find (And Keep) the Best Hotel Sales Talent Right Now: Tips From Tambourine’s DOSM-in-Residence
Tambourine | December 5, 2016
Group and catering revenues often make or break your property's P&L and determine whether you outperform your comp set. Your sales team's performance is often the key to winning… so you MUST have quality salespeople. While most hotels have found a way to stay competitive in the transient space (with proper revenue management and smart hotel marketing), gaining a competitive advantage on the group side requires an enhanced commitment to recruiting and retaining sales talent. How to find and retain the best hotel sales talent right now: We asked our own Jeff Spaccio, Tambourine's DOSM-in-Residence, for advice on finding and ret...
Hotel Equities Celebrates Grand Opening of DoubleTree Arlington DFW South Following $10 Million Renovation
Hotel Equities | December 1, 2016
Atlanta and Arlington, TX –December 1, 2016 – Atlanta-based Hotel Equities (HE) recently held a Grand Opening and ribbon cutting celebration in Arlington, Texas for the DoubleTree by Hilton Arlington DFW South. Hotel Equities manages the 237-room, five-story property that recently completed a $10 million renovation in the Entertainment District of the Dallas-Ft. Worth metroplex. Owned by Admiral Hotel Group LLC, the DoubleTree by Hilton Arlington DFW South marks the fourth property under management by Hotel Equities in Dallas and a total of 12 hotels under management in the state of Texas. Hotel Equities now counts four Doub...
Terry Sanders Joins Hotel AG and Opens Dallas Office
Hotel AG | November 30, 2016
ATLANTA – November 30, 2016 – Hotel AG announced today that Terry Sanders has joined Hotel AG as a partner and will lead the Dallas, Texas office for the firm. Terry is a 20-year veteran of the hotel industry who most recently played a key role in the growth of Wyndham Hotel Group's U.S. portfolio of hotels. Holding various positions during his career at Wyndham, Terry's most recent role from 2009 to 2015 was as Senior Vice President of Development for Franchised and Managed Hotels for the U.S., as well as Western Canada. While at Wyndham, Terry was responsible for generating over $500 million in ongoing franchised and manag...
Timothy Arnold Named Managing Director of Food and Beverage of El San Juan Hotel
El San Juan Hotel | November 28, 2016
SAN JUAN, Puerto Rico – November 28, 2017 – El San Juan Hotel is pleased to announce Timothy Arnold as Managing Director of Food and Beverage. Arnold brings more than 25 years of luxury resort, hotel and restaurant experience to the multimillion dollar renovation. In his new role, Arnold will oversee all aspects of El San Juan Hotel's food and beverage operations including the resort's nine award-winning restaurants, 15 bars and in room dining programming. "Throughout his career, Arnold has established himself as an exemplary leader, not just managerially and operationally, but also strategically." said Stefan Huber, Managin...