Sonnenblick-Eichner Company Arranges $30,500,000 of First Mortgage Financing for Little Palm Island Resort & Spa, Florida Keys, Florida
Sonnenblick-Eichner Company | January 12, 2021
The St. Regis Cap Cana Resort & Residences Celebrates Groundbreaking in the Dominican Republic
St. Regis Hotels & Resorts | October 14, 2020
Finance & Development
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...
Hospitality Upgrade Video Release: Experts Share Their List of the Top Trends in Revenue Management
Hospitality Upgrade | August 23, 2013
Hospitality Upgrade interviews industry experts at HSMAI ROC 2013 to gain insight into the top trends in revenue management Atlanta, Ga. - In a video release from Hospitality Upgrade Magazine earlier this week, Hospitality Sales and Marketing Association International (HSMAI) President and CEO Bob Gilbert discussed the educational sessions of the 2013 HSMAI ROC (Revenue Optimization Conference), in which speakers identified several companies that are expected to be game changers in the future of revenue management. In addition to Gilbert, several industry experts weighed in on the conference as a whole, as well as the key...
Video release: Recap from the 2013 HSMAI ROC – Takeaways and Gamechangers to Watch
Hospitality Upgrade | August 21, 2013
Atlanta, Ga. - Hospitality Upgrade interviewed HSMAI's President Bob Gilbert and several other hospitality revenue management experts at the 2013 HSMAI ROC (Revenue Optimization Conference). This event is a mashup of corporate revenue managers from all the major hotel brands, management companies and ownership groups. Boasting the largest event in it's history, 110 hotel companies joined in Minneapolis, Minn. this past June for this annual event celebrating its 10th anniversary. Vice President, Revenue Management for Evolution Hospitality Scott Roby said, "It has been fun to watch the growth of this conference over the years. The topics co...
FairBridge Hotels Opens 98-room Brookside Resort in the Great Smoky Mountains of Tennessee
FairBridge Hotels International | July 11, 2013
SPOKANE, WASHINGTON, July 12, 2013 - The hospitality firm headquartered in downtown Spokane, FairBridge Hotels International, today announced the opening of its newest hotel 1900 miles away in the mountain resort city of Gatlinburg, Tennessee. The 98-room Brookside Resort by FairBridge is located at 463 E Parkway at the entrance to Great Smoky Mountains National Park. The rustic resort offers stream-side rooms and cozy cabins with access to quiet nature trails while still being only a half-mile from Gatlinburg's main strip. Brookside goes above and beyond the standard amenities expected at a FairBridge, like free hot breakfast and wi-fi...
Architect Named for SBE Hotel Development in Seattle
BuildCentral | June 29, 2013
Hotel-Online and BuildCentral Add/Update 139 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 1, 2013 - Hotel-Online and BuildCentral have added or updated 139 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: Greenwich Street Hotel (New York, NY) Convention Center Hotel (Jackson, MS) Element by Westin Hotel (...
Lori Huffstutler Appointed Director of Sales, Catering and Marketing at DoubleTree by Hilton Memphis
DoubleTree Hotel Memphis - Cooper Hotels | June 27, 2013
MEMPHIS, TENN. – June 28, 2013 – The DoubleTree by Hilton Memphis on Sanderlin Avenue today announced that Lori Huffstutler has been named director of sales, catering and marketing. Ms. Huffstutler brings over 20 years of experience in the hospitality and tourism industries. She most recently served as senior catering manager at the Westin Memphis Beale Street. Prior to that, Ms. Huffstutler held regional management positions in catering and tour and travel sales at Caesar's Entertainment. Her career also includes management positions in sales, catering, public relations and marketing with multiple major hotels in Memphis. "Lori is ...
IHG’s Holiday Inn Signs Three New-Build UK Properties Opening in Q3 2013 and in 2014
IHG (InterContinental Hotels Group) | June 25, 2013
26 June, 2013 - IHG (InterContinental Hotels Group) continues to grow its presence in the UK with the signing of three new hotels – Holiday Inn Huntingdon - Racecourse in Cambridgeshire, Holiday Inn Glasgow Green in Scotland and Holiday Inn - Watford Junction in Hertfordshire. The first of the three to open will be Holiday Inn Huntingdon - Racecourse , a 98 room new build due to open its doors in quarter three of 2013. The hotel will operate under a franchise agreement with HP Hotels Limited who also own Holiday Inn Express Nuneaton. In 2014, a franchise agreement with Nine Hospitality LTD will see Holiday Inn - Watford Junction open,...
Residence Inn by Marriott Boston Downtown/Seaport Transforms Historic Warehouse Into Hotel
Residence Inn by Marriott | June 24, 2013
The 120-suite Property is Owned by an Affiliate of Norwich Partners and Managed by True North Hotel Group, Inc Boston, MA - June 25, 2013 - A new 120-suite Residence Inn by Marriott opened this week in downtown Boston's Seaport District, breathing new life into a six-story classical revival-style 1900s building once likely used for sugar and molasses warehousing. Located at 370 Congress Street, the Residence Inn Boston Downtown/Seaport will operate as a Marriott franchise, owned by an affiliate of Norwich Partners and managed by True North Hotel Group, Inc. Group One Partners, Inc., of Boston served as architect and designer. Originall...
The 100-suite Residence Inn Hotel Opens in Irmo, South Carolina
Residence Inn | June 24, 2013
Owned by South Side Parners, LLC and Managed by Solara Hospitality, LLC Irmo, South Carolina - June 25, 2013 - The 100-suite Residence Inn by Marriott in Irmo, South Carolina is scheduled to open on Tuesday, June 25, 2013. Located at 944 Lake Murray Boulevard, the Residence Inn Columbia Northwest/Harbison will operate as a Marriott franchise, owned by South Side Parners, LLC and managed by Solara Hospitality, LLC. Located 10 minutes from downtown Columbia and 13 miles from Columbia Metropolitan Airport, the Residence Inn Columbia Northwest/Harbison offers its guests convenient access to the University of South Carolina, Lake Murray, Har...
New Courtyard Miami Beach Oceanfront Tower Slated for Completion August 2013
BuildCentral, Inc. | June 14, 2013
Hotel-Online and BuildCentral Added/Updated 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 17, 2013 - Hotel-Online and BuildCentral have added or updated 136 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: Main Street Mixed-Use Development (Royal Oak, MI) LaQuinta (East Syracuse, NY) Coconut Creek Hot...
Flip.to Brand Advocate Platform Drives Visitors and Direct Bookings to Cove Haven Resorts
Flip.to | June 11, 2013
All-Inclusive Entertainment Resorts turn to leaders in social marketing to increase website traffic and boost revenue Orlando, FL — June 12, 2013 — Flip.to, a brand advocate platform that helps hotels leverage the marketing power of social media by encouraging guests to spread the word about upcoming stays, has been implemented at the Cove Haven Entertainment Resorts in the Pocono Mountains. The three resorts are seeing positive trends in website traffic and direct room bookings as a result of Flip.to's technology. The Cove Haven Entertainment Resorts are open year-round and offer a perfect retreat for a Weekend Getaway or Extended ...
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