Lodging Interactive Launches Subscription-Based Hotel Website Development and Marketing Services
Lodging Interactive | May 7th, 2024
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SSG Hotels Breaks Ground on New Staybridge Suites by IHG in Greenwood, IN
SSG Hotels | May 7, 2024
Greenwood, IN — [5.7.24] — SSG Hotels, a leading hospitality management company, is thrilled to announce the groundbreaking of its newest project: an 86 room Staybridge Suites by IHG in Greenwood, IN. This marks the company's second Staybridge Suites endeavor, promising to combine the latest prototype with locally inspired aesthetics for an unparalleled guest experience. About the Property: Staybridge Suites is an all-suite extended stay hotel that provides elevated residential experience with hotel amenities including complimentary breakfast buffet, light bites & happy hour, pool, fitness center, outdoor patio area, and business�...
Q1 2024 Major U.S. Hotel Sales Survey
Daniel Lesser | May 2, 2024
By Daniel H. Lesser While the U.S. economy continues to expand and is currently a major driver of global growth, inflation has recently ticked up after falling considerably from a peak of 9.1% nearly two years ago. Many now perceive that in the near term, the U.S. Federal Reserve will not reduce borrowing costs, and some anticipate a resumption of raising rates by early 2025. Unless a severe economic downturn occurs, interest rates are likely to remain relatively elevated for an extended period. A tight labor market and strong household net worth have led to remarkable resilience in U.S. consumer spending as Americans continue to enjoy...
Sustainability Done Right with a Las Vegas Resort
Adam and Larry Mogelonsky | May 1, 2024
By Adam and Larry Mogelonsky Climate change is now at the forefront of people’s minds, while travel is continually cited as a major (and significantly, a discretionary) contributor to total carbon emissions. As such, every hotel brand needs a clear plan and must also be increasingly transparent about what’s been done to date to win hearts and minds. But every plan relies upon leadership, and with customer sentiment slowly shifting more and more towards ESG values (especially amongst the younger generations), this presents a clear case for carving out a sustainability role for every hotel. Of all the places to learn about how to succ...
voco Sarasota Opens Following Official Rebrand and Renovation
IHG Hotels & Resorts | May 2, 2024
2 May 2024 (Sarasota, Fla.): voco hotels – part of IHG Hotels & Resorts, one of the world’s leading hotel companies – today announces the official opening of voco Sarasota following a recent rebrand and renovation. The 95-room hotel, managed by Aimbridge Hospitality LLC, marks voco’s second property in the sunshine state. The name, voco, originates from Latin, meaning ‘to invite’ and ‘call together’ – reflecting the brand’s thoughtful, unstuffy and charming nature. Located in the city’s Rosemary District and just steps from downtown, voco Sarasota combines familiar comforts of home with the indulgences of a hotel,...
Driftwood Capital Acquires 225-Key Marriott Raleigh Durham Research Triangle Park
Driftwood Capital | May 2, 2024
DURHAM, NC (May 2, 2024) – Driftwood Capital (“Driftwood”), a vertically integrated commercial hospitality real estate firm, announces the acquisition of the Marriott Raleigh Durham Research Triangle Park (“Hotel”), a 225-key full-service, upper-upscale hotel located in North Carolina’s prestigious Research Triangle area. Driftwood will carry out an extensive renovation project to enhance numerous features throughout the Hotel. Franklin BSP Realty Trust originated a multimillion, two-year loan with three one-year extension options at a competitive interest rate. "The acquisition of Marriott Raleigh Durham Research Triangle P...
Pendry Park City Welcomes John Rolfs as New General Manager
Pendry Park City | May 6, 2024
Global hospitality leader joins Pendry Park City executive team PARK CITY, UTAH (May 6, 2024) – Pendry Hotels & Resorts is pleased to announce the appointment of John Rolfs to the role of general manager of Pendry Park City, the contemporary resort and residences located in the heart of Canyons Village. Rolfs joins the Pendry Hotels & Resorts family with more than 28 years of experience in hospitality, including over two decades with The Ritz-Carlton Hotel Company, most recently as general manager of St. Regis Bal Harbour Hotel. In his new role as general manager, Rolfs will oversee all aspects of resort operations for Pendry Par...
Tempo by Hilton Louisville Downtown NuLu Opens in Kentucky With 130 Guestrooms
Tempo by Hilton | May 2, 2024
LOUISVILLE, Ky. (May 2, 2024) - - - Designed for the rhythm of life, Tempo by Hilton Louisville Downtown NuLu opens its doors May 1, as the third property to open nationally from Hilton’s new stylish contemporary lifestyle brand. The 130-room hotel echoes the surrounding upbeat NuLu neighborhood with lively settings for social gatherings and events for locals and travelers alike, as well as stylish spaces to rest and recharge. Refuel at the hotel’s two dining options — Moonsong Bar + Café on the first floor and High Stakes Grill, a full-service rooftop restaurant and event space with stellar skyline views. Named one of the 50 best p...
Millennials and Their Top Five Expectations in Hotels
Estefania Lozada Pinedo | May 6, 2024
By Estefania Lozada Pinedo The rise of the millennial generation (of which I am one) has led to a significant shift in consumer behavior, especially in the travel and tourism industry. I have noticed that millennials prioritize experiences over material possessions, redefining the parameters of satisfaction and fulfillment. As millennials become the most frequent travelers of our time, the hospitality industry must adapt its offerings to align with their unique preferences. This article explores the top five trends millennials look for when staying in a hotel and what aspects can make a millennial consider your place. Instagrammable S...
Jackson Hole’s Iconic Rusty Parrot Lodge & Spa to Reopen in July Following a Ground-Up Transformation
The Rusty Parrot | May 1, 2024
Restored and reimagined boutique hotel announces July 1, 2024 opening Jackson, Wyoming – May 1, 2024 – Returning to its quaint and quiet corner of Jackson, Wyoming, The Rusty Parrot Lodge & Spa is now taking bookings for its triumphant July 1st opening, after a devastating fire destroyed the nearly 30-year-old boutique hotel in 2019. The reopening of the award-winning, family-owned and operated property will unveil a ground-up transformation inclusive of 38 rooms and two suites, the Body Sage Spa, and the Wild Sage Restaurant and Bar which are taking reservations as early as May 1, 2024. While entirely reimagined, the building rema...
IHG Hotels & Resorts Expands Luxury & Lifestyle Footprint in Saudi Arabia With a New Hotel Indigo Signing
IHG | May 2, 2024
Enabled by the Tourism Development Fund (TDF), the partnership between IHG and Refad will bring a unique hospitality experience to Al Khobar Riyadh, Saudi Arabia, May 02, 2024: IHG Hotels & Resorts, one of the world’s leading hotel companies, has signed a management agreement with Refad Real estate investment & development company part of Abdulhadi AlQahtani, sons group Company to bring Hotel Indigo & Residences Al Khobar to Saudi Arabia by September 2027. In line with its commitment to fostering collaboration between its partners, TDF has facilitated the recent signing that will contribute to the...
McNeill Hotel Company (MHC) Names Irene Nelson General Manager at Marriott TownePlace Suites Hattiesburg, MS
McNeill Hotel Company | May 8, 2024
Germantown, Tennessee —May 8, 2024—Germantown, TN- based McNeill Hotel Company (MHC) today named Irene Nelson as General Manager at its TownePlace Suites Hattiesburg MS. MHC President Travis Murray made the announcement. With a strong background in the service industry, Nelson began her hospitality career with McNeill Hotel Company in 2018 in Housekeeping. She quickly moved to successive positions that have included Laundry Attendant, Houseperson, Breakfast, Front Desk Agent, Executive Housekeeper, and, most recently, Assistant General Manager at TownePlace Suites in Hattiesburg. In her new position, Nelson will be a direct report to M...
Labor as We Know It Is Changing: How Hoteliers Can Fill the Gap
Elad Inbar | May 6, 2024
By Elad Inbar Hotels with Wi-Fi and televisions were, at one point, unimaginable for hoteliers, but as technology evolved, it became necessary for the hospitality industry to follow. Today, we are in the middle of an AI revolution — one that meets resistance from skeptics — but history has shown that early adopters of technology have kept hotels running by adapting to changing consumer needs. Clearly, new technology pays off. Recent research is showing that the robotics market is expected to grow with a CAGR of 12.29 percent in the next seven years, exceeding $225 billion in 2030. With operations being impacted by short staffing and ch...
Hoteliers, Integration Partners Applaud Maestro PMS’s Innovative, All-In-One Technology
Maestro PMS | May 1, 2024
NEW tools take center stage at the company’s largest Users’ Conference on record, including embedded payments, learning management, client incentives and more Markham, Ontario, May 1, 2024 — Independent hoteliers gathered in Toronto last month to attend “Accelerate 2024”, a user’s conference hosted by Maestro PMS, the preferred Web Browser based cloud and on-premises all-in-one PMS solution for hotels. Shattering past attendance records, hotel operators and technology sponsors said the event exceeded their expectations. Ideas were exchanged, alliances built, and NEW tools and mobile enhancements introduced to set everyone in ...
The American Privacy Rights Act – What Does It Mean for Hotel Companies?
Bob Braun | May 6, 2024
By Robert Braun On April 7, 2024, the United States House Committee on Energy and Commerce released the American Privacy Rights Act (APRA). While every Congress for more than a decade has introduced multiple proposals to address privacy rights on a national scale, none have gained traction, and while there’s every reason to suspect that the APRA will meet the same fate – headwinds are coming from the states that have already adopted comprehensive privacy statutes, and it is notoriously difficult to adopt legislation in an election year, and especially now), the APRA is being taken seriously, and might be the basis for a long-awaited, a...
Management Company Compensation Slows in 2023
Robert Mandelbaum and Tim Dick | May 8, 2024
By Robert Mandelbaum, Tim Dick Prior research conducted by CBRE Hotels Research revealed that hotel management companies were rewarded handsomely as the U.S. lodging industry recovered from the COVID-19 pandemic. An analysis performed by CBRE in April 2023 found that total hotel revenue increased by 153% from 2020 to 2022, while Gross Operating Profits (GOP) grew by 437%. This resulted in a 68% increase in the fees paid to management companies and brought management fees back to pre-pandemic levels. The increases in fees were largely due to the improved performance of U.S. lodging properties, which in turn triggered the payment of incentiv...
The Next Achievement in Hotels: Quiet Luxury
Mandy Murry | May 7, 2024
By Mandy Murry “IFYKYK” is the unspoken acronym for quiet luxury. It has sprawled beyond HBO’s ‘Succession’ fashion and is now very much the center of travel. Where can one go to stay and experience the ultimate hospitality and great R&R without being looked up and down by others prying to see if their Louis Vuitton is this season? The idea of quiet luxury in hotel accommodations is not the Dubai’ish in your face pizazz, it is the opposite- a respite of sorts that brims with hospitality, modern conveniences, and promises an experience worth talking about. Not loud or in your face, it is understated and not labeled. Th...
Prime Group Opens Residence Inn by Marriott Chicago Downtown Magnificent Mile
Residence Inn by Marriott | May 1, 2024
CHICAGO – May 1, 2024 – The 289-suite Residence Inn by Marriott Chicago Downtown Magnificent Mile is now open for business. Located at 101 East Erie Street, the all-suite property is owned by The Prime Group, Inc. and managed by Marriott International, Inc. General Manager Tommie Van and Director of Sales Sam Barnett lead the management team at the property. Residence Inn by Marriott Chicago Downtown Magnificent Mile is nestled in the heart of the Mag Mile, offering numerous shops, restaurants, and entertainment options, as well as the vibrant Millennium Park. The picturesque hotel offers guests convenient access to the Art Institut...
NexGen Hotels Acquires the Hotel Versey in Chicago, Illinois
NexGen Hotels | May 7, 2024
CHICAGO – May 7, 2024 – NexGen Hotels, a hotel development and management company based in Itasca, Illinois, today announced the acquisition of the Hotel Versey in Chicago, Illinois. Located at 644 W Diversey Parkway, the 137-room hotel will be managed by Genuine Hospitality Group of St. Louis, Missouri. The boutique hotel is housed within the 1920s Diversey Arms building, a Northside Chicago landmark, that first served as a home to jazz musician Bix Beiderbecke. Later it was known as the “Rock and Roll Days Inn” due to its popularity with many iconic rock stars of the ‘90s such as Foo Fighters, Nirvana, Smashing Pumpkins, Wilco...
Navigating the Future of Extended-Stay Hotels: Opportunities and Challenges
Ned Washburn | May 2, 2024
By Ned Washburn The extended-stay hotel sector has experienced a remarkable evolution over the past decade, emerging as a significant component of the hospitality industry. This growth is driven by a unique blend of benefits for both guests and investors, strategic design elements, and its adaptation to the changing dynamics of travel and work. However, like any burgeoning sector, it faces its own set of challenges and opportunities, particularly in the contexts of economic development, rising costs, and global industry impacts. Extended-stay hotels offer a distinct value proposition to guests, providing a home-like environment with ame...
Hospitality Financial Leadership: $600,000 Trash Can
David Lund | May 6, 2024
David Lund is the Hotel Financial Coach, a thought leader and trainer on using financial data to drive your business decisions and your career. A 30-year hotel vet, David has seen everything, a lot of which he shares in his book, The Prosperous Hotelier. Susan and David talk about railroads, scams, and Russians. What you'll learn about in this episode: Why it is so important to ask questions How to get better at understanding the P&L What railroads have to do with luxury hotels How much time to spend on your expense checkbook What GMs and owners who don't share numbers are up to [00:00:00] Susan Barry: This is ...
Marriott’s Sheraton Suites Galleria Atlanta Unveils $12 Million Renovation
Highline Hospitality Partners | May 6, 2024
Hotel’s transformation ushers in a new era of hospitality in the heart of Atlanta ATLANTA, Ga – May 6, 2024 – Marriott’s Sheraton Suites Galleria Atlanta proudly announces the completion of its $12 million renovation, marking a new era of luxury and comfort for guests. The comprehensive renovation breathes new life into every facet of the guest experience. Guest suites exude sophistication and comfort with new carpeting, beds, bedding, furniture, artwork, and upgraded bathrooms. The lobby and restaurant boast a refreshed, modern aesthetic with ample seating and a welcoming ambiance, perfect for work or leisure. “With this ...
U.S. Hotel Results for Week Ending 27 April
CoStar Group | May 2, 2024
WASHINGTON – 2 May 2024 – As expected with Passover, U.S. hotel performance came in lower than the previous week and comparable period last year, according to CoStar’s latest data through 27 April. CoStar is a leading provider of online real estate marketplaces, information and analytics in the property markets. 21-27 April 2024 (percentage change from comparable week in 2023): Occupancy: 65.7% (-1.2%) Average daily rate (ADR): US$154.44 (-1.3%) Revenue per available room (RevPAR): US$101.42 (-2.5%) Among the Top 25 Markets, Seattle reported the only double-digit increase in occupancy (+15.6% to 74.6%). Detroit,...
Pacifica Hotels Unveils Guestroom Renovation of Jamaica Bay Inn
Pacifica Hotels | May 6, 2024
The waterfront Southern California property completed updates to all 111 guest rooms & suites Aliso Viejo, CA - May 6, 2024 - Pacifica Hotels, the owner and operator of Jamaica Bay Inn, Tapestry Collection by Hilton, recently completed the total renovation of all guest rooms and suites at the ideally-situated waterfront property in Marina del Rey, Calif. Pacifica Hotels is the largest owner and operator of independent, design-inspired hotels on the Pacific Coast. Helmed by Norah Shimer of Pacifica Design Group, the thoughtfully updated guest rooms at Jamaica Bay Inn include new wall coverings, carpet, paint, drapery, lighting, art ...
The Future of Hospitality: P3’s Insights on Online Check-In Conversion Rates
P3 Hotel Software | May 1, 2024
In the dynamic world of hospitality, where every moment counts and guest expectations evolve rapidly, staying ahead is not just a necessity but a strategic imperative. Enter P3 Hotel Software, a pioneer in revolutionizing the guest journey through innovative technology solutions. At the forefront of this revolution is P3's Online Check-in product, a game-changer in streamlining operations and enhancing the guest experience. This Online Check-in solution was launched 4 years ago, prior to the COVID-19 pandemic, and has gone from strength to strength as the hospitality industry recovered and emerged from testing global circumstances. Convers...
Nightcap Management Opens Dual-Branded avid hotels and Candlewood Suites in North Platte, Nebraska
IHG Hotels & Resorts | May 1, 2024
ATLANTA (May 1, 2024) – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today announced the opening of its first dual-branded avid hotels and Candlewood Suites property in North Platte, Neb., following the prototype’s launch in 2021. Operating under the ownership of Nightcap Management, LLC, avid hotel and Candlewood Suites North Platte marks the first milestone in an exciting growth trajectory for the dual-brand pairing, with more than 40 additional hotels in the pipeline. Other upcoming dual-branded avid hotels and Candlewood Suites openings this year include Fort Payne, Ala., and West Memphis, ...
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