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Finance

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...

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...

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) ...

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 ...

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 ...

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>>> ...

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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