Aligned Hospitality Management Adds Two Arizona Properties to Portfolio
Aligned Hospitality Management | October 3, 2023
PHOENIX, AZ — October 3, 2023 — Aligned Hospitality Management has expanded its presence in Arizona and continued its rapid growth by adding two properties to its portfolio. This expansion not only underlines the company's growing footprint in the Arizona market but also underscores the continued trust owners have in Aligned's expertise and third-party management capabilities. With these portfolio additions, Aligned manages nearly 20 properties across various markets. The first property, Wingate by Wyndham Chandler/Phoenix in Chandler, AZ, has 64 keys and is situated just minutes from the renowned Tempe Diablo Stadium, the spring ...
POLL: Union’s Proposed Homeless Policy Will Deter 72% of Americans From Booking LA Hotel Rooms
AHLA | October 3, 2023
More than 70% concerned about safety of hotel employees and guests WASHINGTON (Oct. 3, 2023) – More than seven in ten Americans would be deterred from booking a hotel room in Los Angeles if hotels there are forced to house homeless people next to paying guests. That’s according to a new national poll commissioned by the American Hotel & Lodging Association (AHLA) and conducted by Morning Consult. Los Angeles residents are set to vote in March 2024 on whether to require all local hotels to house homeless people next to paying guests as part of a ballot initiative proposed by Unite Here, a labor union that represents LA-area hotel wo...
Moonstar Hospitality Acquires Fairfield Inn & Suites by Marriott Phoenix Midtown for $18 Million
Cushman & Wakefield | October 3, 2023
PHOENIX, Ariz. – October 3, 2023 – Cushman & Wakefield announced the firm has brokered the sale of a 107-room Fairfield Inn & Suites by Marriott hotel asset in Phoenix, Arizona. Located at 2520 N Central Ave, the property sold to Salt Lake City, UT-based Moonstar Hospitality LLC for $18 million. Bill Murney with Cushman & Wakefield’s Hospitality team in Phoenix represented the seller, MIG Real Estate, in the transactions. MIG Real Estate, a real estate investment company with assets across the Western U.S. and Sun Belt states, is actively seeking opportunities to expand its portfolio. “The buyer now owns a great...
The Sebastian – Vail Appoints John D’Angelo as General Manager
The Sebastian-Vail | October 3, 2023
VAIL, CO (October 3, 2023) -- The Sebastian - Vail, a luxury mountainside resort and private residence club in the heart of Vail Village, Colorado, has welcomed John D’Angelo as its new general manager. In his role, D’Angelo is responsible for overseeing day-to-day operations of the property and ensuring it continues delivering a five-star experience to both Owners and guests. “John is a compassionate leader who has consistently demonstrated managerial success in his previous roles,” stated Justin Vining, director of operations at Timbers Company. “We confidently selected John to uphold our commitment to providing guests and Owne...
The Eliza Jane Hotel Appoints New Executives to Leadership Team
The Eliza Jane | October 3, 2023
The New Orleans Boutique Hotel Names Parker Sams as Managing Director and Malissa Fagan as Director of Sales NEW ORLEANS – October 3, 2023 – The Eliza Jane, a Hyatt Unbound Collection hotel, announced today the appointment of Parker Sams as managing director and Malissa Fagan as director of sales. The duo will join the leadership team at the historic 196-room boutique hotel offering guests a luxurious stay in the heart of New Orleans. As managing director, Sams will oversee all day-to-day hotel operations including dining experiences and guest relations. A seasoned hospitality professional, Sams brings more than 15 years of industry e...
Aimbridge EMEA to Manage 402-Key Costa Blanca Resort Grand Luxor Hotel & Village
AIMBRIDGE HOSPITALITY EMEA | October 3, 2023
Independently owned by renowned tourism and real estate business, Santa Maria Group, the signing marks Aimbridge’s entry into the Spanish market and underscores its investment in the Iberian Peninsula GLASGOW, Scotland and PLANO, Texas – Aimbridge EMEA, a division of global management leader Aimbridge Hospitality, has been appointed by Santa Maria Group to manage its independent, 402-key Grand Luxor Hotel & Village resort on the Costa Blanca beginning October 1, 2023. The deal marks a major milestone for both companies, signaling their joint ambition to accelerate growth and provide exceptional experiences in the market. A leadi...
Hotel Property Tax Relief Varies by Geography
CBRE Hotels | October 2, 2023
By Robert Mandelbaum and David P. Fuller MAI Based on a sample of more than 3,000 hotels from CBRE’s Trends® in the Hotel Industry database, U.S. hotel property tax expenditures averaged $2,626 per available room (PAR) in 2022. This is 10.8% less than the $2,943 PAR recorded in 2019, before the COVID-19 pandemic. Concurrently, the earnings before interest, taxes, depreciation, and amortization (EBITDA) for these same properties fell by 1.7%. From 2019 to 2022, the combination of EBITDA decreases, and cap rate increases put downward pressure on values. A 100 bp increase in cap rates, coupled with the 1.7% decrease in EBITDA correlate...
Four Seasons Resort Langkawi Welcomes Michael Gremer as New Executive Chef
Four Seasons | October 2, 2023
Michael Gremer has been appointed Executive Chef at Four Seasons Resort Langkawi, taking charge of all culinary operations and teams at the award-winning island resort. A 25-year career with leading luxury hotels has taken Michael on a flavourful adventure around the world, from Bavaria, Colorado and Perth to Shanghai, Singapore and Kuala Lumpur. Over the course of his illustrious journey, he has had the honour of cooking for iconic personalities such as President Nixon, President Obama and King Charles. Yet, for this chef, each diner is a VIP in their own right. “No matter who they are, every guest should walk away from their meal...
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