Knowland Helps Kimpton Hotels to Maximize Group Revenue
KNOWLAND | March 30th, 2022
Nobody Asked Me, But… No. 263: Hotel History: Frederick Law Olmsted
Stanley Turkel | March 29th, 2022
News Top: March 2022
Mast Capital Acquires Iconic Saddlebrook Resort Property in Tampa’s Wesley Chapel Suburb
Mast Capital | March 3, 2022
Tampa, FL – March 3, 2022 – Marking its second acquisition in the Tampa market in the past three months, Miami-based developer Mast Capital closed on the 480-acre Saddlebrook Resort. Located in Tampa’s Wesley Chapel area, the property is home to a condo-hotel resort, 45 tennis courts, two 18-hole golf courses, and a tennis academy where some of the world’s top tennis players trained, including Jim Courier, Pete Sampras, Jennifer Capriati, Martina Hingis, James Blake, Mardy Fish, Andy Roddick, Jack Sock, Bob & Mike Bryan, Alexander Zverev, Mischa Zverev and John Isner. The joint venture between Mast Capital and Amzak Capital...
CoralTree Hospitality Names Ralph Grippo President of Terranea Resort
Terranea Resort | March 29, 2022
DENVER, CO – March 29, 2022 – Tom Luersen, president of CoralTree Hospitality, today announced that Ralph Grippo has been named president of Terranea Resort, the company’s premier oceanfront property in Southern California. Grippo brings more than 30 years of experience in the luxury hospitality industry and deep knowledge of the Southern California market to the Terranea team. He is replacing Terri A. Haack, who has been leading Terranea since the property opened in 2009. Haack is shifting roles to focus more on corporate projects with parent company Lowe. “This is an exciting time at Terranea as we bring on a new leader t...
Knowland Helps Kimpton Hotels to Maximize Group Revenue
KNOWLAND | March 30, 2022
Leading data provider delivers actionable insights and market analytics to bolster meetings and events revenue growth for top boutique hotel company ARLINGTON, VA — March 30, 2022 — Today Knowland, the world’s leading provider of data-as-a-service insights on meetings and events for hospitality, announced Kimpton Hotels & Restaurants has renewed its long-standing relationship with Knowland. The boutique hospitality company’s executive team relies upon Knowland’s market analytics to gain insights into group business trends and help it better manage and grow its portfolio. The Knowland platform helps individual properties bet...
Kimpton Hotels & Restaurants Appoints Bryan Easter, Vice President of Development Planning
KIMPTON HOTELS & RESTAURANTS | March 11, 2022
SAN FRANCISCO – March 11, 2022 – Kimpton Hotels & Restaurants announced today that Bryan Easter has been named Vice President of Development Planning, a role that sits at the intersection of the boutique hospitality company’s design, development and operations teams. He will be responsible for helping drive Kimpton’s growth by executing against the company’s global development plans. “We are excited to have a seasoned veteran like Bryan join the Kimpton development team,” said Allison Reid, Chief Development Officer, Kimpton Hotels & Restaurants. “Bryan’s unique experience in architecture and project develop...
Grand Wailea, A Waldorf Astoria Resort, Names Ryan Fox as new Executive Chef of Signature Restaurant, Humuhumunukunukuapua’a
Grand Wailea, A Waldorf Astoria Resort | March 21, 2022
Wailea, Maui, HI - March 21, 2022 - Grand Wailea, A Waldorf Astoria Resort – an iconic resort nestled on 40 acres of lush, tropical gardens fronting Maui’s Wailea Beach – is pleased to announce the appointment of seasoned chef Ryan Fox to the role of Executive Chef of Grand Wailea’s signature restaurant Humuhumunukunukuapua’a. In his new role, Executive Chef Ryan Fox will oversee the day-to-day culinary operations at the resort’s award-winning restaurant, set amid an idyllic beachfront lagoon, while leading his culinary team and curating new menu items to provide a one-of-a-kind dining experience for guests. Fox brings over 13 ...
Recent Expense Rise Presents Threat to Hotel Profit
HotStats | March 30, 2022
February was a stronger month all around for the global hotel industry, but escalating line item expenses could derail what’s already a fragile profit rebound. In the U.S., gross operating profit per available room (GOPPAR) hit $65.98 for the month, more than $40 higher than January and the highest it’s been since October. It’s still well below pre-pandemic profit, which was recorded at more than $90 in February 2019. Ever since profit fell dramatically in April 2020, well into negative territory, U.S. hotels have steadily climbed back, but the drive back to normal GOPPAR levels has come in fits and starts. The precipitous drop in...
The Ritz-Carlton, Naples Celebrates Topping Off of New Tower
The Ritz-Carlton, Naples | March 30, 2022
NAPLES, FLORIDA – March 30, 2022 – The Ritz-Carlton, Naples marked a major milestone in the resort’s dramatic transformation as property and community leaders gathered to celebrate the next chapter in the iconic resort’s celebrated history. Upon completion in December 2022, the resort will offer more than 90 suites, bringing the resort’s inventory to 474 guestrooms and suites. In addition to the new tower, the resort will also debut a full renovation of all accommodations, an expansive Ritz-Carlton Club Lounge featuring ocean views, three new culinary and beverage concepts, a fully revamped spa experience, as well as new bungalows a...
Hyatt Plans 48 New Hyatt Place and Hyatt House Hotels to Open in the Americas by 2023
Hyatt Hotels Corporation | March 23, 2022
CHICAGO, IL – March 23, 2022 – Hyatt Hotels Corporation (NYSE: H) announced today that Hyatt Place and Hyatt House hotels in the Americas continue to outperform in leisure, urban, drive-to, and mixed-use locations, with 48 new hotels in these brands expected to open across the Americas in 16 new markets for Hyatt in 2022 and 2023. With more than 470 Hyatt Place and Hyatt House hotels currently open in the Americas, the brands continue to attract travelers looking for seamless hotel experiences and owners and operators that are committed to delivering brand and operational excellence. This planned expansion of the Hyatt Place and Hya...
Sightline Hospitality Adds Evo Hotel, The English Hotel, and Radio Tower and Hotel to Third-Party Management Portfolio
Sightline Hospitality, LLC | March 11, 2022
SAN FRANCISCO, CA – March 11, 2022 – The well-established independent third-party hotel management company Sightline Hospitality announces the addition of three independent lifestyle hotels to their growing management portfolio. All three properties – evo Hotel, The English Hotel, and Radio Tower and Hotel – bring their own unique stories and concepts to the Sightline property lineup. evo Hotel The brand-new evo Hotel opened on February 1, 2022, in Salt Lake City, Utah’s Granary District. Known as the leading retail expert in outdoor gear, evo has expanded its brand by creating an outdoor enthusiast’s paradise. This one-of...
Radisson Signs Radisson Blu Hotel, Perth, Set for Q2 2022 Opening Following Extensive Renovation
RADISSON HOTEL GROUP | March 28, 2022
Radisson Hotel Group is delighted to announce the signing of the Radisson Blu Hotel, Perth, a landmark property that first opened in 1890 as one of the original British railway hotels, like the nearby Gleneagles hotel. Set to open its doors in Q2 2022, the hotel will once again become the crown jewel of Perth, the “Gateway to the Highlands”. Sitting within landscaped gardens close to the River Tay, the hotel is undergoing an extensive transformation of all guest rooms and public areas to align with the Radisson Blu brand. With 75 guest rooms and suites, a restaurant, lobby bar, garden bar, fitness room and treatment rooms, visitors w...
Kimpton Pittman Hotel Names Christina Hanvey as Director of Sales and Marketing
KIMPTON PITTMAN HOTEL | March 29, 2022
DALLAS, TX – March 29, 2022 – Kimpton Pittman Hotel is pleased to announce the appointment of Christina Hanvey as the hotel’s new director of sales and marketing. A Dallas native, Hanvey has more than a decade of hospitality experience, most recently as the associate director of sales at the Kimpton Hotel Van Zandt in Austin, TX. After graduating from the Texas State University in 2011, Hanvey began her career as a front desk agent at the Doubletree Suites in Austin, Texas. In 2014, she became a sales manager at the Omni Austin Hotel Downtown before joining the Kimpton Hotel Van Zandt team in 2015. Starting as a sales manager, she q...
Iconic Hollywood Address to Become The Aster, a Private Members' Club and Hotel Opening June 2022
Salt Hotels | March 2, 2022
LOS ANGELES, CA - March 2, 2022 - The Aster is conceived around the deeply held belief that the next generation of private members' clubs will embody the warmth, welcome and sophistication of the world's best luxury boutique hotels. Launching in June 2022, this first-of-its-kind club will deliver a space designed to activate each member's mind and body, where they can work, play, and stay, surrounded by robust programming in the heart of Hollywood. Design-forward with personalized service, The Aster will provide members with unique indoor and outdoor amenities including a swimming pool, lounges, workspaces, bars, restaurants, a recordi...
Procaccianti Companies Acquires Three Florida Keys Properties
Procaccianti Companies | March 17, 2022
Providence, RI – March 17, 2021 – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisitions of three independent resort properties located in the Florida Keys; Parmer's Resort & Marina located on Little Torch Key and the Hadley House and Fisher Inn both located on Islamorada, Florida. The properties will be managed by Procaccianti's hospitality management affiliate, TPG Hotels, Resorts & Marinas. "The acquisition of these properties in the Florida Keys aligns perfectly with our strategic growth plan in the upscale boutique, independent, and marina s...
Silver Creek Development Unveils Design for 8850 Sunset Boulevard, a Mixed-Use Project in West Hollywood
Silver Creek Commercial Development | March 2, 2022
LOS ANGELES, CA - March 2, 2022 - Silver Creek Development in partnership with Miami-based architecture and design firm, Arquitectonica, today unveiled a newly updated design for 8850 Sunset Boulevard, a mixed-use project on the Sunset Strip in the City of West Hollywood, with construction scheduled to begin in 2023. Designed to further revitalize the Sunset Strip while paying homage to its rich legacy, the 8850 Sunset project will contribute to the liveliness of the community throughout the day and night with a remarkable mixed-use vision that includes street level cafés, pedestrian-oriented restaurants and bars, retail spaces, a fi...
Peachtree Acquires Seven-Hotel Portfolio for $135 Million
Peachtree Hotel Group | March 22, 2022
ATLANTA, GA – March 22, 2022 – Peachtree Hotel Group (“Peachtree”) continues to capitalize on the hotel industry's recovery by acquiring seven premium-branded hotels for approximately $135 million. The acquisitions, totaling 829 rooms, include six Hilton hotels and one Marriott hotel. All hotels will be operated by Peachtree Hospitality Management ("PHM"), a division of Peachtree. "These acquisitions are complementary to our existing portfolio of high-quality, well-located assets with strong demand generators," said Brian Waldman, Peachtree's executive vice president, investments. "We experienced an uptick during the sec...
HRI Hospitality to Develop Tempo by Hilton Nashville Downtown
Tempo by Hilton | March 16, 2022
NEW ORLEANS, LA - March 16, 2022 - HRI Hospitality, a fully integrated real estate firm with more than $3.0 billion in total national development experience and in-house ownership, development, and management expertise, announces today that it has closed on construction financing for the ground-up development of a new Tempo by Hilton hotel in downtown Nashville, TN. The hotel is scheduled to break ground in March 2022 and open in spring 2024. HRI has entered into an agreement with Hilton to build a 16-story, 306-room focus-service lifestyle hotel adjacent to Nashville Yards in the heart of downtown Nashville. This will be HRI’s second hot...
2022 Hunter Conference Takeaways
Rod Clough | March 28, 2022
By Rod Clough As we get ready to close out the first quarter, the Hunter Conference offered the industry’s latest perspectives on where we find ourselves today and predictions about how the rest of 2022 may play out. Highlights of what we heard at the event are captured here. Transaction volume is expected to remain high, and equity returns are under pressure Many interested parties remain in the market ready to buy, both at an institutional level for portfolios and at a private level for individual deals. Moreover, interest in full-service assets is starting to rise. This should support another active transaction market ...
Pacifica Hotels and New Ownership Group Begin Rebrand of Hotel Indigo Santa Barbara to The Riviera Beach House
Pacifica Hotels | March 8, 2022
Aliso Viejo, CA – March 8, 2022 – Pacifica Hotels, the largest owner and operator of independent, design-inspired hotels on the Pacific Coast, is refreshing the Hotel Indigo Santa Barbara property in collaboration with new ownership starting with a name change. The hotel was recently purchased by the same hotelier family who owns the historic Culver Hotel in Los Angeles and will be rebranded as an independent lifestyle hotel under the new name “The Riviera Beach House”. “We are excited to give our Santa Barbara property a much-needed update. The Riviera Beach House will draw inspiration from the Mediterranean lifestyle ...
Procaccianti Companies Expands Upscale Boutique Hotel Collection With Acquisition of the Chatham Wayside Inn on Cape Cod
Procaccianti Companies | March 31, 2022
Providence, RI– March 31, 2022 – Procaccianti Companies, one of the nation's premier real estate investment and services firms, today announced the acquisition of The Chatham Wayside Inn, located at 512 Main Street, Chatham, Massachusetts, in the heart of historic Cape Cod. The 56-room independent property will be managed by Procaccianti's hospitality management affiliate, TPG Hotels, Resorts & Marinas. CBRE Hotels acted as exclusive advisor to the seller; purchase price and details regarding the transaction will not be disclosed. "The acquisition of this property in world-famous Cape Cod (MA) aligns perfectly with our st...
Hotel Industry Says Automation & Integration Vital to Recovery
Duetto | March 8, 2022
The latest survey from Duetto reveals nearly 78% of hoteliers will increase their investment in hotel tech in the next three years San Francisco, March 8, 2022 - The digitization of the hospitality industry has been underway for decades, but the past two years have accelerated tech adoption in hotels across the globe. Duetto surveyed hoteliers worldwide to gauge the hotel industry's sentiment and priorities regarding revenue management, revenue tools, and technology innovations. The overwhelming response was that automation and integration are seen as key to future success by the majority of those working in a hotel revenue function...
Driftwood Hospitality Appoints Senior Leadership Team for The Scottsdale Resort at McCormick Ranch
Driftwood Capital | March 31, 2022
Scottsdale, AZ – March 31, 2022 – The Scottsdale Resort at McCormick Ranch, a 326-room property that will be undergoing a comprehensive multimillion-dollar enhancement later this summer, announced today the resort’s new senior leadership team that will lead the property as it emerges into the Curio Collection by Hilton, a global set of remarkable upscale hotels hand-picked for their unique character and personality. [caption id="attachment_299900" align="alignright" width="268"] Ken Arneson[/caption] Driftwood Hospitality, the resort’s management company, has assembled a team of longtime Valley hospitality professionals that in...
EOS Investors Acquires Beach House Resort in Hilton Head Island, South Carolina
EOS Investors | March 3, 2022
Acquisition of oceanfront boutique resort in Hilton Head Island, SC expands EOS Investors LLC’s drive-to, leisure resort portfolio NEW YORK, NY (March 3, 2022) - EOS Investors LLC ("EOS"), a privately held real estate investment firm, today announced its acquisition of the Beach House Resort, an oceanfront resort in Hilton Head Island, South Carolina, one of the Southeast’s most well-established leisure markets. "We are excited to welcome another high-quality, leisure destination to EOS’s portfolio of more than 3,700 oceanfront keys in South Carolina,” said Tom Burns, Managing Director of EOS Investors. “Beach House aligns wi...
Spirides Provides $7 Million in Loans to Refinance Debt & Renovate Two Hotels in Sylva, NC
Spirides Hotel Finance Company | March 29, 2022
TAMPA, FLORIDA—Spirides Hotel Finance Company has successfully provided and the borrower has officially closed $7 million in loans to refinance the existing mortgage debt and fund renovations to the Holiday Inn Express and Clarion Pointe hotels in Sylva, North Carolina. The 67-room Holiday Inn Express Sylva, NC is located at 26 Rufus Robinson Road. Its ownership retained the services of Spirides Hotel Finance Company to provide them with a new conventional mortgage which has a much lower fixed rate of interest than that of their previous mortgage as well as additional funds to perform a comprehensive Holiday Inn Express “Formula Blue...
Survey: 77% of Business Travelers, 64% of Workers Say Return of Business Travel More Important Than Ever
AHLA | March 22, 2022
WASHINGTON – March 22, 2022 – A new survey conducted by Morning Consult on behalf of the American Hotel & Lodging Association (AHLA) finds that sentiment around business travel is shifting, with 77% of business travelers and 64% of employed Americans agreeing that it is more important than ever to bring back business travel. Nearly two-thirds of business travelers say the increased reliance on virtual work that has become common during the pandemic is negatively impacting both productivity (64%) and workplace culture (65%). The survey also finds nearly seven in ten Americans (69%) approve of the Centers for Disease Control an...
U.S. Road Trips Exceed Pre-Pandemic Levels for the First Time
Arrivalist | March 21, 2022
NEW YORK - March 21, 2022 - Despite rising gas prices and inflation, U.S. road trips have risen above pre-pandemic levels according to Arrivalist, the leading location intelligence platform in the travel industry. As spring break travel nears, for the first time in its two-year history, the 28-day rolling average of Arrivalist's Daily Travel Index peaked above 2019 levels. "We built the Daily Travel Index to help the industry track the pulse of travel's return," says Arrivalist founder and CEO Cree Lawson. "We created the product for a momentous day like today. Is this a tipping point? Can travel hold out? Ti...
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