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The Hard Rock Hotel San Diego – a Condo Hotel – did NOT Offer “Securities”

August 15, 2013

According to new appellate court decision in Salameh v. Tarsadia Hotel. Lower district court dismissal upheld. by the JMBM Global Hospitality Group® For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 14 August 2013 Hotel Lawyers on "hotel condo" units as securities (or NOT). An important decision on when a condo hotel does NOT involve the sale of a "security" One of the most significant challenges for developers of a condo hotel project is whether the sale of the condo units constitutes the sale of a "security." If it does, the princi...

The Smart Hotelier’s Guide to 2014 Digital Marketing Budget Planning

The Authors and HeBS Digital | August 14, 2013

By Max Starkov & Mariana Mechoso Safer Hoteliers, we have just passed the mid-year mark and it's time to plan your digital marketing budgets for next year. Budgeting season is the ideal time to assess your business objectives, as well as audit the performance of the initiatives you invested in this year. 2014 is expected to be another great year in hospitality. To start with the good news, travel demand is projected to be up by 3.3 percent while supply will be up only one percent (PKF). All three key performance metrics are expected to experience positive growth over the already robust growth in 2013. The U.S. hotel industry's occup...

Seven Days of Revenue Management Success – Part One By Jean Francois Mourier

REVPAR GURU | August 13, 2013

By Jean Francois Mourier August 13, 2013 In our office, we like to begin each week as an opportunity for new successes. We forget about the challenges and obstacles we may have experienced the week prior, because every week is a chance to start over. Each week is a chance for our team to strive for excellence, and so far, it's a philosophy that has served us well. Today, it is your property's chance to start over as well. You can revamp your revenue management strategy, simply by following these seven simple steps. Using these tips, you will see drastic increases in your bookings and RevPAR, and ensure that your property has seven days ...

Pebblebrook Hotel Trust Acquires The 57-room Redbury Hotel in Hollywood, California

Pebblebrook Hotel Trust | August 12, 2013

BETHESDA, Md.--August 12, 2013--Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it has acquired the award-winning Redbury Hotel for $34.0 million. The 57-room, all-suite, luxury, full-service hotel is located in the center of Hollywood, California. The property will continue to be managed by sbe Hotel Group ("sbe"). "We're thrilled with the acquisition of the Redbury in the dynamic, high-barrier-to-entry Hollywood neighborhood," said Jon Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. "The hotel is ideally located at the corner of Hollywood Boulevard and Vine Street in the cent...

888 Sepulveda Hotel Development Announced for El Segundo, CA

BuildCentral | August 12, 2013

Hotel-Online and BuildCentral Add/Update 93 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. August 12, 2013 - Hotel-Online and BuildCentral have added or updated 93 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: Hampton Inn Hotel (Lexington, KY) Pittsburgh Technology Center Hotel (Pittsburgh, PA) The Greens at...

Why Data and Analytics is Revenue Management’s Reason for Being

EyeforTravel | August 6, 2013

August 6, 2013 - Revenue management professionals acknowledge that change is afoot and are gearing up to move with the times as the discipline enters new territory. Ritesh Gupta gets a look into the future in this exclusive interview with Ankur Randev of Highgate Hotels. In the next decade change in the discipline will accelerate, says Ankur Randev, vice president - revenue and distribution, Highgate Hotels. He believes the role of a revenue management professional will continue to evolve from rudimentary pricing and inventory management to having a more defined focus on total product management. This will include having responsibility ...

Hotel Westminster Expands Relationship with Infor

Hotel Westminster | August 6, 2013

Infor EzRMS Simplifies Revenue Management for Luxury Hotel in France NEW YORK - Aug. 6, 2013 - Infor, a leading provider of business application software serving more than 70,000 customers, today announced that the Hotel Westminster, a luxury hotel situated on center of the Promenade des Anglais in Nice, has selected Infor EzRMS to manage the property's revenue management function. The Hotel Westminster is an existing Infor customer for property management (PMS), and the cloud-functionality of the Infor EzRMS application is expected to help the Hotel Westminster drive faster turnover and higher profit margins and increase revenue to ac...

Great Revenue Management Isn’t a 9-5 Job

Duetto | August 6, 2013

by Anuj Jenveja, Director of Customer Success, Duetto August 6, 2013 Hotels do not receive bookings on a 9 to 5 basis. Reservations are made all times of day and night, shifting rate structures and demand patterns at hotels, even while hotel management sleeps. Pricing, therefore, and price optimization, are not "9 to 5" functions - they take place 24 hours a day, 7 days a week. Yet we've all seen properties, where a revenue manager only monitors the property during regular business hours five days a week. Once 5 p.m. hits, they clock out and either hand over the keys to overworked front desk staff, or they don't do anything at all. This...

GuestREV® To Be A Key Technology Element Of Major Expansion Project At Mohegan Sun At Pocono Downs

Mohegan Sun at Pocono Downs | August 5, 2013

Addition of new seven-story hotel and adjacent convention center slated to open this fall ATLANTA, GA - August 5, 2013 - The Rainmaker Group a world leader in automated forecasting and profit optimization software and services for the Gaming & Hospitality industry, today announced that Mohegan Sun at Pocono Downs has implemented its market-leading GuestREV® profit optimization system as a key technology element of its major expansion project at the Wilkes-Barre, PA, property, one of the largest and most distinctive entertainment, gaming, shopping and dining destinations in the Commonwealth. Tabbed Project Sunlight, Mohegan Sun at P...

Hotel Assets Group Closes Seven Hotel Transactions In July

Hotel AG | August 5, 2013

ATLANTA - August 5, 2013 - Hotel AG announced today the firm closed 7 hotel transactions in the month of July. The hotels sold consisted of a 15-story CBD hotel in a top 25 market; a 12-story full service hotel in North Carolina; 1 full service hotel in the North Central US; 3 select service hotels located in Florida; and 1 small conference center resort hotel. Keith Thompson, principal of the firm, commented, "These recent transactions are representative of the various practice groups within Hotel AG including full service and select service assets." ...

Opportunity Knocks as Real Estate and Hospitality Execs Sense More Stable Foundation For Deal Making

EY | August 1, 2013

EY's global survey shows vast majority of senior real estate, hospitality and construction executives see global economy on the upswing, positioning industry for growth NEW YORK, 1 AUGUST 2013 - Real estate executives are far more confident about the global economy than they were just six months ago, according to EY's Global Capital Confidence Barometer for Real Estate, Hospitality and Construction. The report, which surveyed 117 senior executives from real estate, hospitality and construction (RHC) companies around the world, found there is increased optimism about the global economy. Eighty-five percent of those surveyed said the global ec...

Gila River Casinos Selects InvoTech RFID Uniform System for Three Casinos and Distribution Center

Gila River Gaming Enterprises, Inc. | July 30, 2013

Arizona Casino Operator Streamlines Uniform Processing, Reduces Labor Expense for Company-Wide Staff of 2,900 with More Than 36,000 Owned and Rented Uniform Items LOS ANGELES, CA – July 30, 2013 – InvoTech Systems, Inc. announced that Gila River Casinos implemented InvoTech's UHF-RFID Multi-Property Uniform System for three casinos and its corporate distribution center. InvoTech reduces labor costs and provides an increase in asset protection by streamlining processes for Gila River Casinos 20,000 owned and 16,000 rented uniforms. Click here for more information on InvoTech's Linen, Uniform, Laundry, and Security Systems. Gila River...

Engineer Named For Planning of Murfreesboro, TN Holiday Inn & Suites

BuildCentral | July 29, 2013

Hotel-Online and BuildCentral Add/Update 132 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 29, 2013 - Hotel-Online and BuildCentral have added or updated 132 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: Lake Flower Hotel (Saranac Lake, NY) Motor Club Hotel (Chicago, IL) South Village, Hotel (L...

Pebblebrook Hotel Trust Reports Q2 2013 Net Income of $8.7M, Same-Property RevPAR Increased 6%

Pebblebrook Hotel Trust | July 26, 2013

BETHESDA, Md.----Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today reported results for the second quarter ended June 30, 2013. The Company's results include the following: View the full press release with tables. (1) See tables later in this press release for a description of same-property information and reconciliations from net income (loss) to non-GAAP financial measures, including earnings before interest, taxes, depreciation and amortization ("EBITDA"), Adjusted EBITDA, Funds from Operations ("FFO"), FFO per share, Adjusted FFO and Adjusted FFO per share. For the details as to which hotels are included in Same-Property rev...

Pebblebrook Hotel Trust to Re-Brand the Delfina Santa Monica as Le Méridien Delfina Santa Monica

Pebblebrook Hotel Trust | July 26, 2013

BETHESDA, Md. - July 26, 2013 - Pebblebrook Hotel Trust (NYSE: PEB) (the "Company") today announced that it will be re-branding its 310-room Sheraton Delfina Santa Monica as the Le Méridien Delfina Santa Monica. This conversion is expected to be completed in the fourth quarter of 2013. Viceroy Hotels and Resorts will continue to manage the property. "We're very excited about the up-branding of our Delfina Santa Monica hotel to the Le Méridien brand," said Jon E. Bortz, Chairman, President and Chief Executive Officer of Pebblebrook Hotel Trust. "Starwood and Viceroy have been excellent contributors to our success at this property and w...

The Science of Sorting

REVPAR GURU | July 23, 2013

Many hotel revenue managers live and die by their page position on OTA default searches. From Expedia's Most Popular picks, to Orbitz' Best Bets, to Agoda's Recommended, all of these listings are at the top of search results because the specific OTA made a (very subjective) decision based on a million possible factors, including the relationship that a property has with their OTA market manager, the commission that a property is paying, payment status (paid in full, late payments, etc.), amount of inventory (including last-minute inventory) listed on the site and the pictures included in your property's listing, among many others. Some ...

Brazilian Hotel Chain Selects eRevMax for Maximising Online Revenue

Bourbon Hotels & Resorts: | July 23, 2013

Bourbon Hotels & Resorts Uses RateTiger for Rate and Inventory Management Sao Paulo, Brazil, 23 July 2013: Bourbon Hotels & Resorts, one of the major hospitality players in Brazil, has signed up eRevMax to increase their online business penetration and revenue. Ten properties will be using RateTiger Channel Management solution for managing inventories across their online distribution mix. RateTiger Channel Manager will help Bourbon Hotels & Resorts to increase online sales by ensuring real-time room availability across all distribution points through automatic adjustment from pooled inventory. All reservations made on these ...

The Science of Sorting; Secur Higher Page Positions on Sorted Search Results

REVPAR GURU | July 23, 2013

By Jean Francois Mourier Many hotel revenue managers live and die by their page position on OTA default searches. From Expedia¹s Most Popular picks, to Orbitz¹ Best Bets, to Agoda¹s Recommended, all of these listings are at the top of search results because the specific OTA made a (very subjective) decision based on a million possible factors, including the relationship that a property has with their OTA market manager, the commission that a property is paying, payment status (paid in full, late payments, etc.), amount of inventory (including last-minute inventory) listed on the site and the pictures included in your property¹s list...

Euro Building Hotel Group Debuts in the U.S. with the Opening of 133-room EB Hotel Miami in Florida

EB Hotel Miami | July 22, 2013

Miami, FL - (July 21, 2013) - A uniquely appointed luxury hotel geared specifically for the frequent business traveler, the 133-room EB Hotel Miami opened its doors this summer, welcoming business travelers who fly through Miami every day. Just a few steps from Miami International Airport, the new EB Hotel Miami aims to bring a modern luxury hotel experience to the business traveler. Featuring cutting-edge design, personalized service, world class dining, modern conveniences and contemporary amenities, the EB Hotel Miami is the first property to open in the US market. Part of the Eurobuilding Hotel Group, which owns and operates several...

Hotel Assets Group Involved in 127 Hotel Transactions Over Last 12 Months

Hotel AG | July 22, 2013

ATLANTA - July 22, 2013 - Hotel AG announced today the firm has been involved in 127 hotel transactions over the past 12 months. In the past 6 weeks, the firm has closed 10 transactions that range from select service hotels including Hilton Garden Inn and Courtyard brands to full service assets. The hotels are located throughout the major US regions and cover most brand families. Currently, Hotel AG has 196 hotels on the market with 41 hotels under sale agreement expected to close within the next several months. H. Keith Thompson, principal of the firm, stated, "The hotel real estate market today is at a fevered pitch and we are seeing ...

Indianapolis Hotel Moves Forward After Stalling In 2010

BuildCentral | July 15, 2013

Hotel-Online and BuildCentral Add/Update 185 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 15, 2013 - Hotel-Online and BuildCentral have added or updated 185 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: Mission Bay, Hotel and Apartments (San Francisco, CA) Arc of Indiana Hotel (Muncie, IN) Synergy Bus...

Davidson Hotels & Resorts Partners with M3 Accounting + Analytics to Develop Accounting Platform

Davidson Hotels & Resorts | July 12, 2013

GAINESVILLE, Ga. and TAMPA, Fla. (July 12, 2013) -- Facing a pivotal decision as part of its strong growth, Atlanta-based Davidson Hotels & Resorts recently considered whether to upgrade its existing accounting system platform or to migrate to another package to support its 46-hotel portfolio. Davidson CFO Barry Wabler described a user-focused decision-making process that resulted in partnering with M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting, and business analytics. With M3's help, Davidson aims to enhance transaction visibility, improve workflow, and drive efficiencies. ...

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...

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