Finance & Development

/Finance & Development

Finance & Development

Budgeting for 2014? Remember Reputation Management Plus Social Media / Web / Mobile Marketing

Lodging Interactive | July 12, 2013

Lodging Interactive, the award winning full-service digital marketing and social media engagement agency exclusively servicing the hospitality industry, says digital marketing must be a priority in the coming year to maintain loyalty, revenues and an impeccable image PARSIPPANY, N.J. - JULY 12, 2013 - If there is one thing hoteliers can't forget to budget for in 2014, it is digital marketing. Keeping website and mobile web content fresh, scrutinizing the property's reputation via the web and social media channels, plus responding to guest reviews is critical for operational success and true customer-relationship management. The good new...

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...

Excellent Opportunity in Atlanta, GA for CORPORATE Regional/Portfolio Director of Revenue Management

Interstate Hotels & Resorts | July 10, 2013

CORPORATE Regional/Portfolio Director of Revenue Management - Interstate Hotels & Resorts Atlanta, GA. Corporate Office Corporate / Portfolio Regional Director of Revenue Management leads the development, implementation and measurement of all Revenue Management activities ensuring multi-property execution of the reservations sales process, adherence to policies, and development of strategies that optimize revenue capture from existing demand. Requirements include: A minimum of 3+ years hotel experience with focus on multi-property, multi-brand, multi-market Revenue Management. Interstate is an EEO/AA/M/F/D/V employer. This position ...

Are Your Sustainability Initiatives Missing a Critical Component? A Perspective on Risk

Kevin A. Goldstein & HVS Sustainability Services | July 9, 2013

by Kevin A. Goldstein This article provides a perspective on key areas of risk relating to investment into utility efficiency projects and sustainability initiatives, and how owners / operators can minimize exposure during all phases of investment into their properties. Since re-launching our Sustainability practice in late 2011, HVS has contended that sustainability initiatives should focus on utility efficiency and be driven by the bottom line. We believe that a valid business case exists for numerous types of investments in building equipment and enhanced operating practices, and across the hospitality sector there are literally thou...

Seasoned DORM looking for a new challenge? Director Of Revenue Management - Hyatt Regency Pier 66

Interstate Hotels & Resorts | July 9, 2013

Director Of Revenue Management - Hyatt Regency Pier Sixty-Six - Fort Lauderdale Job Director of Revenue Management is responsible for: maximizing total sales and yield penetration, through proper management of inventories and public space and through analytical and technical knowledge of Hotel Reservations System, Sales and Catering Management System, and Front Office System; developing and recommending sales strategies, room mix, catering contribution, and pricing; managing the Reservation System; Sales Management System; daily operations; forecasting support and reporting; establishing transient room rate contracts; set group ceilings...

Excellent opportunity for Director Of Revenue Management - Hyatt Regency Milwaukee

Interstate Hotels & Resorts | July 9, 2013

Director Of Revenue Management - Hyatt Regency Milwaukee Director of Revenue Management is responsible for: maximizing total sales and yield penetration, through proper management of inventories and public space and through analytical and technical knowledge of Hotel Reservations System, Sales and Catering Management System, and Front Office System; developing and recommending sales strategies, room mix, catering contribution, and pricing; managing the Reservation System; Sales Management System; daily operations; forecasting support and reporting; establishing transient room rate contracts; set group ceilings and target rates; and cat...

When Is a Hilton Not a Hilton?

July 9, 2013

by Bruce Humphrey Hilton is one of if not the most recognizable hotel brand names in the world today. So how can a Hilton hotel not be what it claims to be? Hilton is very conscious of its brand name and the standards required for their name to be over the front door of any property. So when is a Hilton not a Hilton? Recently the Hilton in mid-town New York announced that it will be dropping room service from the end of August at this 1,981 room hotel. The reason for this change in service is financial; the hotel cannot make money so the decision has been made to withdraw the service. A sound business move, or is it? Over recent decades...

Highlights of HSMAI Revenue Optimization Conference (ROC); Record Attendance Reported

HSMAI | July 9, 2013

July 9, 2013 - HSMAI's Revenue Optimization Conference (ROC) occurred Monday, June 24, at the Hyatt Regency in Minneapolis. The conference, in its 10th year, focused on "Leading Revenue Management into the Future" and was again co-located with HITEC, the world's largest hospitality technology show. HSMAI is pleased to announce ROC had a record 440 attendees. Hotel attendees from 102 different hotel brands, management companies and ownerships groups, with 31 percent holding corporate-level and 69 percent unit-level titles, were among those present at the conference. In addition, 55 hotel properties were in attendance. Additionally, Reven...

New Property Manager for Hilton Garden Inn Fort Myers

BuildCentral | July 8, 2013

Hotel-Online and BuildCentral Have Updated 231 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. July 8, 2013 - Hotel-Online and BuildCentral have reported 231 changes in personnel, property management and ownership in the Hotel Profiles database over the last two weeks. Many hotels are getting a fresh start with a new Owner, Property Manager or General Manager. Recommend your product or service to someone who might be looking for a change. Hotels Under New Management: Hilton Garden Inn West Palm Beach Airport (West Palm Beach, FL) Embassy Suites Birmingham/Hoover (Birmingham, AL) ...

Completing Extensive Renovation and Conversion, the DoubleTree by Hilton London – Hyde Park Opens

Westmont Hospitality Group | July 8, 2013

LONDON - July 8, 2013 - DoubleTree by Hilton, one of ten unique brands within Hilton Worldwide, welcomes DoubleTree by Hilton London - Hyde Park to its portfolio, taking the total number of properties in the capital to nine. The hotel is ideally located opposite Hyde Park and Kensington Gardens and offers a relaxed city retreat with a focus on style and contemporary comfort. The conversion, which has seen the hotel undergo a £10 million full refurbishment, has created a spacious 24-hour fitness centre, as well as 12 new first floor guest rooms, taking the total number to 228. In September 2013, the hotel will also launch a restaurant w...

Verdafero Inc. adds Hotel Carbon Measurement Initiative (HCMI)

Verdafero Inc. | July 1, 2013

Verdafero Inc. (www.verdafero.com), based in San Francisco, CA, is an SaaS (Sustainability-as-a-Service) software and services provider to the hospitality industry and has added the new Hotel Carbon Measurement Initiative (HCMI) methodology to its comprehensive Utility Optimization software application, thus enabling the hospitality industry to analyze and report their carbon footprint on a real-time basis. Created by the industry and for the industry, HCMI is a methodology to calculate and report on the carbon footprint of a hotel stay, meeting, or event in a comparative analysis. In June of 2012, the International Tourism Partnership ...

The 122-room Holiday Inn® Guayaquil Airport Hotel Opens in Ecuador

Holiday Inn hotels | July 1, 2013

MIAMI - July 1, 2013 – InterContinental Hotels Group (IHG) [LON: IHG, NYSE:IHG (ADRs)], one of the world's largest hotel companies, today announced the opening of the 122-room Holiday Inn® Hotel Guayaquil Airport in Guayaquil, Ecuador. The seven-story new-build hotel is adjacent to the José Joaqu'n de Olmedo International Airport, and is the second IHG®-branded hotel for Ecuador, with the first being the Holiday Inn Express® Quito, located in Ecuador's capital city of Quito. "The addition of the Holiday Inn Guayaquil Airport hotel is in line with IHG's strategy to expand our portfolio in all key markets across the region," said Al...

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 ...

Iconic Paris Hotel to Re-brand as Paris Marriott Opera Ambassador Hotel

Marriott Hotels | June 27, 2013

June 27, 2013 - London – Marriott International, Inc. (NYSE: MAR) today announced that the 298-room Paris Marriott Opera Ambassador Hotel will join its portfolio of more than 3,800 properties worldwide on 1st July 2013 under a franchise agreement with WB AMBASSADOR SAS. Located in the heart of the city, the historic property will become the most recent addition to Marriott International's signature global brand, Marriott Hotels, and represents the company's 12th property in Paris. "We are delighted to grow our footprint in Paris with this timeless property," said Amy McPherson, president and managing director of Marriott International...

The 133-room Holiday Inn Madrid–Las Tablas to Open in Spain in Q3 2013

IHG (InterContinental Hotels Group) | June 27, 2013

27 June, 2013 - InterContinental Hotels Group's (IHG) Holiday Inn brand continues to grow in Spain, with the signing of Holiday Inn Madrid – Las Tablas. Holiday Inn Madrid – Las Tablas due to open at the beginning of quarter three this year will operate under a franchise agreement with Gestion T3 Hotels who operate four other IHG hotels in Spain. The 133 room hotel is a conversion from an existing hotel, where a renovation project is already under way and is set to provide improved facilities for its guests. Upon completion, the refurbished hotel situated in a new business district in Las Tablas is set to attract domestic and intern...

Do You Make This Revenue Management Mistake?

RevPar Guru | June 26, 2013

It's a pretty common occurrence; when revenue managers see that their property's occupancy has hit a specific, pre-determined percentage, they decide to shut off the channel with the highest commission rates. This percentage could be 50% or it could be 90% depending on a property's specific revenue management goals, but in most cases...READ MORE>>> ...

Downtown Milwaukee, Wisconsin 205-room Marriott Opens Ahead of Schedule

June 26, 2013

June 26, 2013 --Downtown Milwaukee's new 205-room Marriott hotel opens Wednesday, weeks ahead of what had been a planned mid-July opening. The hotel, at 323 E. Wisconsin Ave., gives Marriott International Inc. its first full-service brand, with a banquet room and restaurant, in downtown Milwaukee, where there are three other Marriott brands: Residence Inn by Marriott, Courtyard by Marriott and the newly branded Fairfield Inn & Suites -- all west of the Milwaukee River. Milwaukee was among the largest U.S. cities that lacked a full-service Marriott hotel. The $54 million hotel, with 130 full- and part-time employees, combines new co...

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...

In Memoriam: Celebrating the Life of Stephen Garff Marriott

June 24, 2013

June 24, 2013 - Stephen Garff Marriott, Executive Vice President for Culture at Marriott International, the global hotel company founded by his grandparents in 1927, passed away on Sunday, June 23, 2013, after a prolonged battle with a degenerative mitochondrial disease. He was 54 years old. In his most recent role, Stephen led Marriott Worldwide Business Councils and was responsible for perpetuating Marriott's core values and culture throughout the company. His father, Marriott International Executive Chairman J.W. "Bill" Marriott, Jr., said, "Stephen was an inspiration to us every day as he struggled with a challenging disease that co...

Carlos Rodriguez of Driftwood Hospitality Talks Hotel Expansion in Miami-Dade, Florida

June 24, 2013

June 24, 2013--Carlos J. Rodriguez has been working in the hotel business in Miami-Dade for 17 years, so he's seen several boom-and-bust cycles. He formed Cardel Hotels in Miami in 1996, a company that merged with North Palm Beach-based Driftwood Hospitality Management 10 years ago. As executive vice president and partner at Driftwood Hospitality Management, Rodriguez is now overseeing a new booming period. Driftwood, a North Palm Beach business with an office in Coral Gables, designs, develops, staffs and manages hotels around the country and in Costa Rica. The company has plans to enter the Canadian market with a joint venture as well...

Marriott’s New Campaign Includes Website with Co-Creation Platform to Solicit User-Generated Ideas

Marriott Hotels | June 17, 2013

BETHESDA, Md., June 17, 2013 -- Reflecting the transformative change happening at its properties, the iconic Marriott Hotels, the signature brand of Marriott International, Inc. (NYSE:MAR), today launched a new multi-year global marketing campaign. Called "Travel Brilliantly," it is a bold move amplifying the brand's dedication to leading the future of travel. The dynamic campaign reflects the lifestyle of the next generation of travelers, who seamlessly blend work and play in a mobile and global world. The campaign includes TV, digital and mobile advertising, a new brand look and logo, and enhanced social media platforms. In addition, ...

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