Industry Happenings

/Industry Happenings

Industry Happenings

How to Add Value to Your Hotel Asset

Carrie Russell | May 16, 2019

By Carrie Russell At the most basic level, the value of a hotel is based on the property's net income divided by a capitalization rate. As such, one has two possible levers to adjust as a means of increasing a property's value: either increase the property's net income or decrease the capitalization rate. The capitalization rate, which is a factor that represents both the risk and the desired return associated with a given asset, is in actuality difficult to influence. Firstly, returns are market driven, which means that the capitalization rate is determined by market forces, not the will of owners. Secondly, it is the buyer's perceptio...

Juan Carlos Gonzalez Appointed Director of Sales & Marketing at Paradisus Los Cabos and Me Cabo

May 16, 2019

Cabo San Lucas, Mexico (May 16, 2019) – Meliá Hotels International is pleased to announce the appointment of Juan Carlos Gonzalez as Director of Sales & Marketing for Paradisus Los Cabos and ME Cabo. In his new role, Gonzalez will oversee the sales, revenue and marketing strategies for both the Meliá properties in Cabo. With more than twenty years of international experience in the tourism industry, Gonzalez has gained a reputation for proven results and developing successful partnerships. He has held several positions within Meliá Hotels International, including working with the Paradisus and Gran Meliá brands, before assuming t...

Manuel Ferriol Appointed General Manager of Luxurious New Meliá Ho Tram Beach Resort in Vietnam

May 16, 2019

HO TRAM, Vietnam (May 16, 2019) – A seasoned professional with substantial luxury hospitality experience in Europe and Asia and an enthusiasm for employee development and relations has been appointed to the helm of the new five-star Meliá Ho Tram Beach Resort. Spanish-born Manuel Ferriol is spearheading the opening of the 17-hectare beachfront property at Ho Tram, a two-hour drive from Vietnam's biggest metropolis Ho Chi Minh City. Ferriol has worked for Meliá Hotels and Resorts for the past 15 years, steadily rising through the ranks before becoming an acting resident manager at Gran Meliá Fenix in Madrid, a ...

Auro Hotels Welcomes Kirby Smith as Vice President of Sales & Marketing

Auro Hotels | May 16, 2019

Kirby Smith, an industry veteran with a proven track record of over 32 years with Marriott International, will lead revenue generation for all Auro Hotels and support the company's commitment to customer satisfaction and profitability. GREENVILLE, SC (May 17, 2019) - Auro Hotels, a leader in hospitality, is proud to welcome Kirby Smith as Vice President of Sales and Marketing. After a 32-year career with Marriott International, Smith joins the Auro team with a proven track record in sales and marketing leadership positions. Focusing on revenue generation for all hotels and supporting the company's commitment to customer satisfaction an...

Montage Laguna Beach Appoints David Serus as Executive Chef

Montage Laguna Beach | May 16, 2019

LAGUNA BEACH, Calif. (May 16, 2019) – Montage Laguna Beach has appointed David Serus as the resort's executive chef overseeing the culinary operations for the resort's special events, meetings, weddings and banquets, as well as lending his culinary support and business acumen to the resort's restaurants. "David brings over 25 years of luxury culinary experience, talent and management skills to this position," said resort manager Anne-Marie Houston. "We know he will make valuable contributions to Montage Laguna Beach's acclaimed food and beverage team." Serus brings his refined approach to food preparation by outsourcing the best s...

How Hotels Can Embrace the Experience Economy

David Millili | May 16, 2019

By David Millili Atif Rafiq begins his tenure at MGM Resorts this month. A departure for a casino hotel operation that would typically hire from within the industry, Rafiq's background isn't in hotels at all. Instead, his most recent position as chief digital officer and global chief innovation officer at Volvo Cars signifies a shift in the way MGM is thinking about hospitality, moving away from traditional approaches and toward digital experiences. As Rafiq tells Skift, "Being a Silicon Valley native in tech companies, I want to think about how to bring the digital and physical together. I'm looking at it how a tech company would look ...

Rockbridge and Makeready Open The Alida Hotel, a Tribute Portfolio Hotel in Savannah, Georgia

Tribute Portfolio | May 16, 2019

05/16/2019 – Savannah, GA -- Tribute Portfolio, Marriott International's newest collection of independent, characterful hotels, together with Rockbridge and Makeready, has further expanded its portfolio with the recent addition of The Alida Hotel in Savannah, Georgia. As the brand's second hotel in Georgia, The Alida joins modern design with timeless Southern charm, ideally located on Savannah's revitalized riverfront. Designed by Gunn Meyerhoff Shay Architects, the boutique hotel was named after Alida Harper Fowlkes, a celebrated local entrepreneur who worked tirelessly to preserve the cities heritage. Like the city itself, the 1...

Sudima Hotel Group Digitizes With Infor for Expansion

Sudima Hotel Group | May 16, 2019

Leading New Zealand hotel chain deploys Infor technology to digitally transformation its business AUCKLAND – 16 May 2019 – Infor, a global leader in business cloud software specialized by industry, today announced that New Zealand Sudima Hotel Group has deployed Infor Hospitality Management Solution (HMS) across its hotels to streamline its rapidly-growing hotel operations, and to provide a better customer experience with its mobile housekeeper application with faster room turnover. With three hotels in Auckland, Christchurch and Rotorua, and three new hotels across New Zealand set to open in the next fourteen months, Sudima...

Gurney’s Star Island Resort & Marina Opens in the Hamptons With 107 Guestrooms

Gurney's Resorts | May 16, 2019

MONTAUK, N.Y., May 16, 2019 -- Gurney's Star Island Resort & Marina, the newest waterfront retreat in the Hamptons, has officially opened as the premier destination for summer getaways, seasonal boating and standout dining experiences. Home to the largest marina in the Hamptons, Gurney's Star Island is a luxury resort featuring preeminent guest accommodations, unique dining concepts including the highly anticipated Showfish restaurant, outdoor amenities and an array of private spaces for events centered around the water. Owned by George Filopoulos of Metrovest and Lloyd Goldman of BLDG Management, the opening of Gurney's Star Island marks...

Park Hotels & Resorts Reopens Caribe Hilton in San Juan Following $150 Million Restoration

Park Hotels & Resorts Inc. | May 16, 2019

TYSONS, Va. -- Park Hotels & Resorts Inc. ("Park") (NYSE:PK) announced that the Caribe Hilton ("the Resort") in San Juan, Puerto Rico reopened today following a $150-million restoration. The 652-room resort was impaired for 20 months after sustaining significant damage from Hurricane Maria in September 2017. "We are thrilled to re-introduce the iconic Caribe Hilton to guests and locals alike," said Thomas J. Baltimore, Jr., Chairman and Chief Executive Officer of Park Hotels & Resorts. "We have worked tirelessly to restore, reimagine and enhance the hotel, and we are confident that the finished product is worthy of the hotel's lege...

IHG Partners With Linzhu Australia for voco Sydney Central Set for 2020 Opening

May 16, 2019

IHG has signed its fifth voco™ in Australia since the brand's global launch in June of 2018, partnering with Linzhu Australia Pty Ltd to open voco Sydney Central by 2020. Part of Linzhu Australia's 430 Pitt Street mixed-use development, the property boasts a stunning seventeen-storey tower with a sloping roof featuring unique "green waterfalls". Guests will be treated to the ultimate upscale voco experience, that celebrates the individuality of the hotel, stunning location and local people, with each stay tailored to deliver a unique and memorable experience. The property was originally slated as a Holiday Inn in 2017, however as ...

Next Story Group Acquires Melbourne Property to Establish the First LinQ Hotel

Next Story Group | May 16, 2019

SINGAPORE, May 16, 2019 -- International hospitality company Next Story Group has acquired a new-build hotel at 167 City Road in Melbourne's vibrant waterfront hub of Southbank. The soft opening of the 16-storey, 162-room property is scheduled for 1 September 2019. After a complete fit-out, the hotel will deliver a guest experience that is reflective of the Group's upper midscale LinQ Hotels brand from 1 November 2019. This will be the Group's first hotel under its LinQ Hotels brand, which offers unconventional independent hospitality for the next generation of travellers. It also delivers a hassle-free experience and offers...

Beware the 7 Warning Signs You Have an Outdated Hotel PMS

Ryan King | May 16, 2019

By Ryan King, Director of Strategic Partnerships - StayNTouch The success of modern hotel brands is often directly correlated with the technology and procedures put in place to support their staff and operational structure. Favoring legacy systems over newer, more innovative platforms can negate a hotel's ability to provide the hyper-personalized and seamless experience guests now expect. Unfortunately, this is an all-to-common crux within the hospitality industry. Simply put, without the right tools and infrastructure in place, hotel staff won't have access to the resources they need to provide a guest experience that leaves a lasting ...

Chatham Lodging Trust Sells Two Western Pennsylvania Hotels for $10 Million

Chatham Lodging Trust | May 16, 2019

WEST PALM BEACH, Fla., May 16, 2019—Chatham Lodging Trust (NYSE: CLDT), a hotel real estate investment trust (REIT) focused on investing in upscale, extended-stay hotels and premium-branded, select-service hotels, today announced that it has sold the 105-room Courtyard by Marriott Altoona, Pa., as well as the 86-suite SpringHill Suites by Marriott Washington, Pa. for approximately $10 million. Inclusive of brand required improvements of over $4 million, Chatham sold the hotels at an approximate six percent net operating income capitalization rate (after an assumed annual capital reserve of four percent of total hotel revenues). "W...

RevUp Revenue Management Consulting

May 16, 2019

RevUp Revenue Management Consulting in conjunction of RLS Revenue Consulting is a innovative hospitality and revenue management consulting firm, providing professional services to hotel and resort owners. Focused on adding value to owner's investments and transforming underperforming assets into greater success. RevUP Revenue Management offers a complete list of consulting services and we tailor our packages property-specific. Our experienced group provides an unbiased analysis of asset performance; including in-depth financial review and budget planning. We focus on revenue enhancement, improving market share and re-positioning the...

Owned by Key International and Managed by LBA Hospitality, Hampton Inn New Smyrna Beach Completes Major Renovation

Key International | May 15, 2019

NEW SMYRNA BEACH, Fla. (May 17, 2019) - The Hampton Inn New Smyrna Beach (214 Flagler Avenue) has recently completed an extensive renovation of all 112 guest rooms, 1,800 square feet of meeting space, and public spaces. The comprehensive enhancements provide leisure, business and group travelers an inviting and updated feel in the picturesque coastal city of New Smyrna Beach. The property held a post renovation celebration on Wednesday, May 15th to celebrate their refreshed and updated look. "We're very excited to welcome guests to this newly renovated property," said Farrah Adams, Chief Operating Officer of LBA Hospitality. "The upgrad...

Hotel industry veteran, Erik Browning, joins Level60 Consulting

Level60 Consulting | May 15, 2019

Nashville-based Level60 Consulting bolsters team with the addition of hospitality industry veteran Erik Browning, formerly with Wyndham Hotels & Resorts, joins Level60 team NASHVILLE – Erik Browning, a hospitality industry veteran with more than 25 years of experience, has joined forces with Nashville-based technology firm Level60 Consulting. Browning will focus on leveraging strategic relationships in the travel and tourism industry. "Because the majority of our clients are in the hospitality realm, having someone of Erik's caliber as part of our team only further strengthens our ability to service our clients and help us gen...

IHG Opens New Kimpton Blythswood Square Hotel in Glasgow, Scotland

IHG | May 15, 2019

San Francisco, May 15, 2019: Consistently voted as one of the top cities to visit in 2019, Glasgow is the perfect blend of sophistication and grit, and is now home to the latest property from global leader in boutique luxury, Kimpton® Hotels & Restaurants. Kimpton Blythswood Square Hotel is situated in a landmark location with a storied past. The hotel exudes class and elegance with original architectural features, such as marble fireplaces, rich wood paneling and lofty ceilings. In true Kimpton style, the hotel offers a luxury experience full of signature perks, brought to life with Glaswegian charm and personality. The exterio...

Teneo Hospitality Group Names April Egloff Director of Sales Midwest

Teneo Hospitality Group | May 15, 2019

Eden Prairie (Minneapolis), MN, May 15, 2019… Teneo Hospitality Group, the premier Global Group Sales Organization, has appointed April Egloff as Director of Sales Midwest. Ms. Egloff will concentrate on the US Midwest region and comes to Teneo with an outstanding track record and exceptional network of professional and personal relationships in the Midwest and beyond. "We are thrilled to welcome April to the Teneo Sales family," says President Mike Schugt. "As Teneo continues to expand, our primary goal is to add significant value for our member hotels, resorts and DMCs by hiring best-in-class sales talent. April comes to us wit...

Benchmark Resorts & Hotels and Gemstone Collection Launch Summer Cyber Sale Offers Up to 50% OFF Accommodations and Services

May 15, 2019

Book from May 24 – May 31 for Summer Travel Savings at 33 Hotels and Resorts The Woodlands (Houston), Texas, May 2019 …Vacationers can celebrate the summer season with exceptional travel values at luxury hotel and resort properties from Gemstone Collection and Benchmark Resorts & Hotels. During Summer Cyber Week from Friday, May 24 through midnight on Friday, May 31, 2019, travelers can choose from over 33 award-winning hotels in America's and the Caribbean's most exciting destinations. These outstanding values of up to 50% off span guest rooms, spa treatments, dining and cooking classes, mountain adventures, air tours and golf on...

How Modular Construction Is Changing Commercial Real Estate

JLL Real Views | May 15, 2019

Regions across the U.S. faced their snowiest, coldest and warmest February in history this year, with volatile weather disrupting the flow of life across the country. That included construction projects. Yet there was one setting where the unpredictable winter didn't slow down work — the vast indoor spaces where firms have increasingly been creating homes, offices and hotels. The method of modular construction — where pieces of buildings are manufactured in one place, and then delivered to construction sites for assembly — has boomed in recent years. The business in the U.S. has doubled in size to US$8 billion over the...

IHG Launches New All-Suites Brand, Atwell Suites

May 15, 2019

IHG® (InterContinental Hotels Group) today revealed its new all-suites brand, Atwell Suites™, to thousands of IHG owners and operators at its Americas Investors & Leadership Conference in Las Vegas. The new upper-midscale hotel brand will target an estimated $18 billion industry segment with strong guest and owner demand. The Atwell Suites brand builds on IHG's heritage of pioneering new growth opportunities for hotel owners and operators that better serve travelers. Through this strategy, IHG has successfully cultivated a dynamic portfolio of unique midscale and upper-midscale brands across the mainstream category includi...

Ambassador Hotel Kansas City Caters to Guest Connectivity and Convenience Demands via Wi-Fi Upgrade and BeyondTV With Voice Control by Hotel Inter

Hotel Internet Services, Inc. | May 15, 2019

Luxury downtown Kansas City property partners with HIS to enhance network capabilities while providing each guest with latest in content casting and voice-activated functionality. KANSAS CITY, Mo. — May 15, 2019 — Hotel Internet Services (HIS), a full-service provider of internet services and solutions for the hospitality industry, has successfully implemented advanced guest Wi-Fi and BeyondTV equipped with state-of-the-art voice control and virtual assistant abilities at the Ambassador Hotel Kansas City, Autograph Collection. An upscale property located in the vibrant power and light district of Kansas City, Missouri, the A...

Marriott International Debuts JW Marriott Hotel in Qufu, Birthplace of Legendary Chinese Philosopher Confucius

Marriott International, Inc. | May 15, 2019

JW Marriott, part of Marriott International Inc. (NASDAQ:MAR), today announced the opening of the new JW Marriott Hotel Qufu in Shandong province, China. Owned by Shandong Luneng, this is the first JW Marriott hotel in Shandong and the 16th in China. The new hotel is an architectural masterpiece that will showcase the brand's philosophy of welcoming guests to this exciting destination with modern luxury and authentic, exceptional service. JW Marriott Hotel Qufu is located in the old city. The brainchild of Kai Cui, the academician of the Chinese Academy of Engineering, the building is a masterpiece of design that celebrates Chinese arch...

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