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
Prediction 2015: Chinese Investment Wave will Create Many Opportunities in the US
JMBM | November 13, 2014
By Jim Butler and the Global Hospitality Group® 13 November 2014 Click here for the latest articles on Chinese Investment or here on EB-5 Financing. As the Chinese economy continues to become more important globally, we are seeing a shift in Asian investment in the United States, particularly in California. Chinese investors will become even more active and influential over the next 10 years, and will continue adapting to Western business practices while retaining a critical sensitivity to their Chinese roots and the demographics of the Chinese population in the United States. The ineluctable demographics China's demographics are ...
Pebblebrook Hotel Trust Acquires The Westin Colonnade Coral Gables in Miami, Florida for $59.4M
Pebblebrook Hotel Trust | November 13, 2014
Davidson Hotels and Resorts will Continue to Operate the 157-room Hotel November 13, 2014 - BETHESDA, Md. - Pebblebrook Hotel Trust (NYSE:PEB) (the "Company") today announced that it has acquired The Westin Colonnade Coral Gables ("The Westin Colonnade") for $59.4 million. The 157-room upper-upscale hotel is located in Miami on Miracle Mile in the heart of Coral Gables, Florida. The hotel will continue to be operated by Davidson Hotels and Resorts ("Davidson"). "We're excited about the acquisition of The Westin Colonnade Coral Gables and the ability to further expand our presence in Miami, one of the fastest growing markets in the count...
Hotel Equities Names Garfield Campbell Regional Director of Business Development
Hotel Equities (HE) | November 13, 2014
ATLANTA, GA (November 13, 2014) -Atlanta-based Hotel Equities (HE) www.hotelequities.com recently named Garfield Campbell to the position of Regional Director of Business Development. As a member of the firm's development team, Mr. Campbell works directly with hotel owners who are looking for the best third-party partners to manage their existing hotels and with owners on new hotel development deals. He reports to Joe Reardon, Vice President of Marketing and Business Development. "We are excited to have such a highly-accomplished, top development executive join our organization, said Mr. Reardon. "Garfield brings a wealth of full servic...
Premier Hotel Corporation Maximizes Rates, Profitability with Same-Day Comp-Set Pricing Data
Premier | November 11, 2014
Cost-Effective Revcaster Solution Automatically Updates Hampton Inn's GRO Revenue Management; Delivers Daily and Weekly Market-Specific Reports for Member Hotels November 11, 2014 - Premier Hotel Corporation is a property management consultancy that enhances profitability through increased revenue and efficiency for its hotels. Premier serves both branded properties and independents. A year ago, Premier increased its focus on maximizing revenue for its hotels through a cost-effective, automated comp-set pricing data solution. In mid-2013 the company implemented pricing services from a solutions provider called Revcaster that enabled its...
Lodging Econometrics US Lodging Real Estate Trends: Pipeline Breaks Out as Development Accelerates
Lodging Econometrics | November 10, 2014
The Hotel Construction Pipeline surged forward to a five-year high in Q3 with 3,516 Projects/443,936 Rooms. The Pipeline has posted double-digit Year-Over-Year (YOY) increases for four consecutive quarters in both Projects and Rooms. In 3Q14, YOY increases are up 25% and 24% respectively, signaling a breakout into the expansion phase of the current real estate cycle which is likely to continue another two-to-three years. Projects Under Construction, 1,062 Projects/134,292 Rooms, are up a booming 50% by Projects and 46% by Rooms YOY. Projects Scheduled to Start in the Next 12 Months are also strong, up 36% and 34%, at 1,375 Projects/165...
Using Condo Hotels for Financing New Hotel Development
JMBM | November 10, 2014
Traditional condo hotel structures as "non-securities" By Jim Butler and the Global Hospitality Group® 10 November 2014 Click here for the latest articles on Condo Hotels High end hotel development in 2015 Almost every developer of a high end or luxury hotel in 2015 will at least consider using the condo hotel approach as a financing technique for new development, conversion or adaptive reuse projects. Anyone evaluating a condo hotel structure needs to know, that with recent changes in the law, there are now two different approaches available: (1) Non-Security Approach — This is the traditional approach used for almost every c...
Industry Leader Jules Sieburgh Joins Puzzle Partner Team
Puzzle Partner | November 10, 2014
Energizing New Technologies Changing the Hospitality and Travel Space Toronto, CA, - November 10, 2014 Puzzle Partner continues to expand with the announcement that hospitality technology industry icon Jules Sieburgh, CHTP, has joined their team. Mr. Sieburgh will be advising promising future technologies on strategies, VC funding and advancing angel investments. The arrival of Mr. Sieburgh, in addition to the recent addition of Seth Christian, supports the vision of growing the firm's depth of services for technology startups. Mr. Sieburgh has more than three decades of notable accomplishments in the hospitality and travel industry, mo...
The Edgewater Selects Infor for Hospitality-Specific Financial Management
The Edgewater | November 10, 2014
Infor SunSystems to Support Strategic Business Decisions with In-Context Analytics NEW YORK - Nov. 10, 2014 - Infor, a leading provider of business application software serving more than 73,000 customers, today announced that The Edgewater has selected Infor SunSystems to benefit from an integrated, industry-specific application for financial management. A historic hotel located in downtown Madison, Wis., The Edgewater chose Infor SunSystems because of its hospitality-focused accounting functionality and ability to meet the hotel's needs right out-of-the-box without requiring extensive customization. Its combination of usability and fle...
5 Ways to Use LinkedIn to Drive Group Revenues
Tambourine | October 21, 2014
by Dave Spector Ever watch the competition land a big event while you're stuck at a 60% occupancy rate? You know their rooms are full. Their restaurants are hoppin.' And all you can do is scratch your head and hope that meeting planner calls you next time. Fortunately, that's not all you can do. You can build a LinkedIn marketing plan that puts you in front of thousands of meeting planners. In a moment, I'm going to give you some specific tips on building your LinkedIn plan, but first let's get you in the LinkedIn mindset. Remember that it's social media... not "sales media." Professionals log on to gain business insight and connect. Ev...
First Company to Target Hotels with Crowdfunding Launches
Hotel Innvestor, LLC | September 24, 2014
Hotel Innvestor Capitalizes On Recent Legal Changes Newport Beach, Calif. – Marking the first anniversary of SEC regulations that altered the face of crowdfunding for real estate, Hotel Innvestor is entering this emerging market by applying this approach to a first-of-its-kind business model for hotel investment – selling private securities in hotels to accredited investors via crowdfunding. Tim L. Edgar Founder and President Tim L. Edgar has created not only the first nationwide, web-based, hotel-investment-banking portal, but also what we believe is the first company to identify the strength of specializing in any specific commer...
Hotel Equities Names Stacey Morgan as Corporate Revenue Manager
Hotel Equities (HE) | September 23, 2014
ATLANTA, GA - September 24, 2014 - Hotel Equities (HE), an Atlanta-based hotel management, ownership and development company, recently named Stacey Morgan the Corporate Revenue Manager. Ms. Morgan will assume responsibility for setting the day-to-day sales strategy for a portfolio of hotels to maximize revenues and profitability. She will also assist in the training and development of the hotels' revenue teams using a variety of new tools such as social media as the discipline of revenue management becomes more and more complex. Stacey is a highly-skilled financial professional who understands the importance of revenue management to the...
Total Simulator Company Wins ICHRIE 2014 Industry Recognition Award
The Total Simulator Company | August 11, 2014
At the 2014 ICHRIE (International Council on Hotel, Restaurant & Institutional Education) Awards Ceremony in San Diego, The Total Simulator Company (TSC) was presented with the prestigious Industry Recognition Award. TSC produce industry leading simulation programs for the hospitality, restaurant and tourism industries. These simulations are licensed for educational use and also used to deliver industry training and events. TSC have developed the industry leading, HOTS hotel simulation program, which is used to teach hospitality students and industry professionals about hotel operations, revenue management, marketing, finance & ...
Twenty Four Seven Hotels Awarded California Management Contracts
Twenty Four Seven Hotels | August 4, 2014
Twenty Four Seven Hotels ("24-7 Hotels") a western regional hotel management company recently added two new contracts to its growing portfolio giving them eleven managed hotels totaling just under 1,500 rooms. The new additions in the last thirty days include the 100-room Comfort Suites in Ontario, CA, and the 139-room TownePlace Suites by Marriott in Anaheim, CA. Both hotels will be managed on behalf of the same investment group. "We began a relationship with this ownership group over a year ago and recently we've added two additional management contracts with the same owner" said David Wani, CEO of Twenty Four Seven Hotels. "When our ...
Hotel Development Financing: How to Win the Race for EB-5 Capital
Jim Butler | July 30, 2014
By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 30 July 2014 A viable source of capital and now mainstream The EB-5 Immigrant Investment Visa program offers an alternative means of raising capital for hotel development projects in the U.S., and the lawyers in JMBM's Global Hospitality Group® and Chinese Investment Group™ have worked on more than sixty EB-5 projects all over the United States. Over just the past 3 years, the EB-5 program has quickly gained the support of some of the largest, institutional-quality developers as well as major hotel brands. Perhaps a bit late, many develop...
CityFest Hotel (Embassy Suites) in Tuscaloosa Slated to Open September 2014
BuildCentral | June 27, 2014
Hotel-Online and BuildCentral Add/Update 180 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 30, 2014 - Hotel-Online and BuildCentral have added or updated 180 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Stickney Point Hotel & Retail (Sarasota, FL) Sky Hotel Redevelopment (Aspen, CO) Elm Court Estat...
Oliver Companies GMs Tap Portfolio Data Analysis for ‘Idea Sharing’ to Strengthen Performance
Oliver Companies | May 7, 2014
How Does Oliver Companies Maintain a Healthy Bottom Line? Daily Property Business Intelligence Reports Help Managers, Corporate Financial Team Focus on Profitability May 8, 2014 - Oliver Companies operates 13 properties under multiple flags from Florida to Wisconsin. While its hotels include Hilton, Carlson, and IHG brands, plus independents, its management focus is on two, often competing goals, customer satisfaction and bottom line profitability. "Our hotel staff's primary goal is to create the best possible customer experience, whereas everything I do is based on dollars and cents. We are all about merging these two crucial aspects o...
Twenty Four Seven Hotels Builds Depth in Corporate Revenue Management Team
Twenty Four Seven Hotels | April 29, 2014
Twenty Four Seven Hotels, a west coast hotel management company, reinforced their commitment to a sales driven culture beginning and ending with Revenue Management by expanding its Corporate Revenue Manager base. The Corporate Revenue Managers role is to support their assigned hotels in rate strategies and implementation across a multitude of channels, direct revenue strategy meetings, and maximize leverage of brand revenue systems to deliver maximum revenue growth and enhance profitability for owners. Staci Marshall joined Twenty Four Seven Hotels in 2007 in front office operations at a managed Marriott Courtyard. There she made the ju...
Hotel AG Closes One Hotel Every Five Days
Hotel AG | April 21, 2014
ATLANTA - April 21, 2014 - Hotel AG announced today the firm continues to close 1 hotel transaction every 5 days and has done so for the last 3 1/2 years. The firm has closed 33 hotel transactions over the past 23 weeks. The recent closings range from Hilton and Marriott upscale select service assets to bank deals, private deals and full service hotels. Most of the recent closings were located from the Midwest through the Northeast and along eastern seaboard states with several in Florida. H. Keith Thompson, principle of the firm, commented, "We continue to see great traction in the hotel real estate space across all segments, brand fam...
Is Your Hotel’s Revenue Management Strategy “Mobile-Compatible”? By Jean Francois Mourier
Jean Francois Mourier | March 3, 2014
March 4, 2014 If you have read any hotel trade publications, listened to the news or watched the average consumer book a vacation in the past year, you may already know about mobile commerce (or mCommerce). Just like the name implies, mCommerce is any purchase made via mobile device, including smartphones or tablets. While m-commerce used to be used primarily by tech-savvy Millenials, it has now gone mainstream across all industries: "mCommerce constitutes $41.68 billion of the total $262.3 billion of [retail] ecommerce sales for 2013 (an increase of 68.2% from 2012) and accounts for 16% of total ecommerce sales." Just like every other ...
FIU Shares White Paper for Hospitality Leaders on Revenue Management & Growth Opportunities
February 27, 2014
This month, Florida International University's Chaplin School of Hospitality& Tourism Management (CSHTM) and its Institute for Hospitality and Tourism Education and Research (IHTER) released a white paper titled Revenue management 2020: talent, tools & technology. The paper provides the hospitality industry with ideas on what can be done to shift the perception on the integration of revenue management and to best capitalize on growth opportunities. The best practices analysis was authored by Gregory T. Bohan, assistant professor at CSHTM; Simone Champagnie, executive director at IHTER; and Christine Toguchi, managing director at...
“BridgeStreet Global Hospitality” Redefines Serviced Apartment Sector
Lodging Econometrics (LE) | January 9, 2014
HERNDON, Va. – BridgeStreet Residences, Serviced Apartments and Suites – the leading international hospitality solution offering serviced apartments, today debuts a refreshed brand concept and name, BridgeStreet Global Hospitality, effective immediately. The launch introduces an industry-leading family of brands including six distinct serviced apartment experiences ranging from six- to two-star products. The newly rebranded company directly addresses sector-wide challenges, including fragmentation and a lack of service offering consistency, historically creating a barrier between consumer expectations and the end product, as detailed i...
Is TRevPAR the Most Effective Metric for Revenue Managers?
Jean Francois Mourier | December 15, 2013
By Jean Francois Mourier There has been a great deal of discussion as of late as to the value of the revenue management metric TRevPar (Total Revenue per Available Room). TRevPAR is calculated by dividing the total net revenues of a property (room revenues plus ancillary revenue streams such as food and beverage, rentals, etc.) by the total available rooms. Many industry experts are saying that TRevPAR is a more valuable metric than RevPAR in determining pricing strategies, but I'm here today to offer a different opinion. TRevPAR is a fantastic metric for accountants, hotel owners and even the general manager, as it helps to determine t...
Pricing Systems 2.0 – Part Two
Jean Francois Mourier | December 5, 2013
By Jean Francois Mourier Last week, I wrote Part One of this article series, which provides a checklist for hoteliers to determine whether your revenue management system is up to par for 2014. As I'm sure you know, the online and mobile channels are growing rapidly so if your RMS is not optimized for both of these channels, you will be leaving money on the table. Let's take a look at some other items on the checklist! As a reminder, the first three were: 1 - Does your property analyze and provide rates based on historical data, AS WELL AS rate shopping market data? 2 – Does your RMS use pricing parameters to ensure that your rates he...
De Jongh: Government Issues Expression of Interest for Potential Hotel Development on Water Island
REVPAR International | September 25, 2013
Community input into development that affects residential communities is an issue that Governor John P. de Jongh Jr. admits is personal to him. Water Island is no exception to that rule and earlier this month, de Jongh held a meeting with Water Island residents to address management issues and to announce the issuance of an Expression of Interest for potential hotel development on the island. "We believe that a boutique hotel on Water Island not only provides for further economic activity on the island but a first-step on rebranding our offerings through a public-private partnership that leverages government resources. But, success is o...
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