Chesapeake Lodging Trust Completes Acquisition of the 185-room Hyatt Place New York Midtown South f
March 1, 2013
Hotel Online News for the Hospitality Executive ANNAPOLIS, Md.--March 14, 2013 --Chesapeake Lodging Trust (NYSE: CHSP) (the "Trust") announced today that it has closed on the previously announced acquisition of the newly developed, 185-room Hyatt Place New York Midtown South located in New York, New York for a purchase price of $76.2 million, or approximately $412,000 per key. The Trust entered into an agreement with Real Hospitality Group, the operator of the Trust's other hotel in New York located in Midtown on 31st Street, to manage the hotel. James L. Francis, Chesapeake's President and Chief Executive Officer, stated, "We are very ...
Amherst, New York Planning Board OKs Controversial Hyatt Place Hotel but Legal Challenges are Almos
March 1, 2013
Hotel Online News for the Hospitality Executive By Sandra Tan, The Buffalo News, N.Y.McClatchy-Tribune Regional News March 22, 2013--The controversial, six-story Hyatt Place project won its second major victory in less than 12 hours today, with the Amherst Industrial Development Agency approving more than $1.4 million in tax breaks for the development. The approval of the tax breaks, which came in a 4-3 vote during an unusually long two-hour meeting, came after just hours after the Amherst Planning Board approved the project in a 5-2 vote after a lengthy meeting that didn't yield a decision until close to 11:30 p.m. Thursday. Numerous ...
Hyatt Hotels Corporation and White Lodging Services Open the 296-room Hyatt Place Austin Downtown i
March 1, 2013
Hotel Online News for the Hospitality Executive Austin, TX (March 5, 2013) – Hyatt Hotels Corporation (NYSE: H) and White Lodging Services today announce the opening of Hyatt Place Austin Downtown, just steps from the Austin Convention Center and the city's famous Sixth Street. "With thousands of music, film and digital enthusiasts arriving to our great city from around the world, there couldn't be a more exciting time to be a part of this new opening in downtown Austin," said Brad Haas, general manager, Hyatt Place Austin Downtown. "We can't wait to welcome guests to the new hotel and show them the authentic hospitality and purpo...
Huntington Hotel Group Selected to Six Residence Inn by Marriott Hotels; Properties are Located in
March 1, 2013
Hotel Online News for the Hospitality Executive IRVING, Texas--(March 21, 2013)--Huntington Hotel Group is proud to announce that six additional Residence Inn by Marriott hotels are now managed by Huntington Hospitality Management, an affiliate of the Huntington Hotel Group. Huntington Hospitality Management handles all aspects of hotel operations and development. The hotels are all owned by a single company that has had experience with Huntington. They chose Huntington because of its reputation and proven track record. The hotels are Residence Inn by Marriott in Tinton Falls, Somers Point, and Princeton, New Jersey; Tucson, Arizona; Wi...
Hunter Hotel Advisors Has Record Start to 2013; Executives point to field offices and renewed inves
March 1, 2013
Hotel Online News for the Hospitality Executive ATLANTA/(March 1) - Hunter Hotel Advisors announced a record start to 2013, and is on track to close eight transactions in the month of February alone. Teague Hunter, president of Hunter Hotel Advisors, points Hunter's success to an aggressive jump in investor interest, similar to what the industry experienced in 2008. "We've seen a renewed interest in the secondary market assets where investors can take advantage of attractive 8%- 10% cap rates versus 6% in major markets." Since founded by Bob Hunter in 1978, Hunter Hotel Advisors has expanded their sales and national brokerage infrastruc...
Hotel Sales: It’s Easy To Stand Out From The Competition These Days / Doug Kennedy / March 2013
March 1, 2013
Hotel Online News for the Hospitality Executive By Doug KennedyMarch 20, 2013 One really interesting thing about being a hotel trainer is that you get to peek behind the scenes at so many different types of hotel and lodging companies. Regardless of the location, property classification, or brand, right now it seems that most hotel salespeople are having similar challenges. One such "challenge," ironically, is that most salespeople are overwhelmed with inquiries. On the surface this would seem to be a good "problem" to have. Yet too many sales offices have not re-organized their processes to meet this challenge. The "problem" of too man...
Hyatt Purchases Driskill Hotel in Austin Texas; Hotel-Online and BuildCentral Have Updated 187 Hote
March 1, 2013
Hotel Online News for the Hospitality Executive Hyatt Purchases Driskill Hotel in Austin Texas Hotel-Online and BuildCentral Have Updated 187 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. March 18, 2013 - Hotel-Online and BuildCentral have reported 187 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: Grand Union (New Y...
New Property Manager and General Manager for 418-Room Little Rock Hotel; Hotel-Online and BuildCent
March 1, 2013
Hotel Online News for the Hospitality Executive New Property Manager and General Manager for 418-Room Little Rock Hotel Hotel-Online and BuildCentral Have Updated 244 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. March 4, 2013 - Hotel-Online and BuildCentral have reported 244 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 Manageme...
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