CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16th, 2024
Marriott International Celebrates the 2024 J. Willard Marriott Awards of Excellence Honorees
Marriott International | May 16th, 2024
Innovative Hospitality and Lodging Medi Spa Solutions During COVID and Beyond
Fred DeMicco | April 26, 2022
By Fred DeMicco and Adel Eldin Background The ongoing COVID Pandemic has brought challenges and opportunities to the travel and hospitality industries. There is an increased need for providing wellness services along with testing, provide safe quarantine, and starting treatment for low- and medium-risk individuals who will otherwise unnecessarily be directed to the already overwhelmed hospital system with added risk of picking up infections. Many Hotels, Resorts, and Spas have focused their marketing efforts on senior clients. They form a large portion of the hotel business. Thus, to further cater to this group of clients, Hotel ...
Hotel Genevieve, a New Property from Bunkhouse Group, Is Set to Open in Louisville in Spring 2023
Bunkhouse Group | April 26, 2022
Louisville, Kentucky (April 2022) – Bunkhouse, the Austin-based hospitality company founded on the pillars of design, music, and authentic community-driven experiences, announced today a new hotel project in Louisville, named Hotel Genevieve. Scheduled to open in spring 2023, this will be the brand’s first hotel project in Kentucky. The property, with architecture by Memphis-based LLW Architects, is located in the heart of the NuLu neighborhood, featuring 122 rooms on six floors, along with a restaurant, lush rooftop, mini market, and intimate bar. Hotel Genevieve’s name is inspired by a regional type of limestone, Saint Genevieve, ...
Renaissance Pattaya Resort & Spa Appoints Bruno Rotschaedl as New General Manager
Renaissance Pattaya Resort & Spa | April 26, 2022
Renaissance Pattaya Resort & Spa welcomes Mr. Bruno Rotschaedl as the premium lifestyle property’s new General Manager. He will be responsible for looking after the overall operations and business strategy of the resort, ensuring that initiatives undertaken are in positive alignment with the Renaissance brand and that progress continues at an efficient and coordinated pace toward the goals. Bringing an enormous amount of experience to the table, Mr. Bruno has acquired the sharpened acumen and strong operational skills to see overall results achieved, having worked in hospitality all of his adult life, a period of 30 years, and held n...
Maverick Hotels and Restaurants Adds Three Chicago Properties to Portfolio
Maverick Hotels & Restaurants | April 26, 2022
Hilton Prairie Lakes Resort joins Hampton Inn & Suites by Hilton Medical District and Holiday Inn Chicago Elk Grove to accelerate the company’s growth Chicago, Illinois, April 25, 2022 – Maverick Hotels and Restaurants announced today that it has augmented the company’s expanding portfolio with the addition of three hotels in the metropolitan Chicago market. Robert Habeeb, Founder and CEO of Maverick made the announcement. The Prairie Lakes Resort is a distinctive property located just 28 miles from downtown Chicago and 30 minutes from O’Hare International Airport. Featuring soaring Frank Lloyd Wright inspired architectur...
Avion Hospitality Awarded Management of Five Hotels by Texas-Based Family Office Founder and Entrepreneur, Mac Haik
Avion Hospitality | April 26, 2022
DALLAS, TX (April 25, 2022) - Avion Hospitality, a third-party hotel management company, announces it has been awarded the management contract for five Texas hotels. The properties are owned by Haik’s parent company, Mac Haik Enterprises, LTD. “Choosing to partner and place our trust in Avion Hospitality as our hotel management company was an easy decision,” said Mac Haik, Chairman and CEO of Mac Haik Enterprises. “Avion devotes attentive oversight and a team of hospitality experts with deep knowledge and experience. Unquestionably, Avion will return exceptional results for our hotels.” The assets are a combination of Hilton and...
Traveler Trends and Hotel Guest Behavior – What’s Changed, What’s New, What’s Next?
Preetham Shetty | April 26, 2022
By Preetam Shetty There is no denying it – the COVID-19 pandemic inspired a global shift that very few of us saw coming, ushering in a period that was affectionately (and later, tirelessly) referred to as the new normal. For the better part of two years, the public stayed home, donned masks, limited social contact, traded in-person meetings for Zoom meetings, postponed events and celebrations, and, en masse, canceled travel plans for the foreseeable future. While the global economy was under immense pressure with each passing lockdown and new restrictions, few industries were more gravely impacted than travel and tourism. Seemingly ...
Hotel Crescent Court Welcomes Shah Adil as Area Managing Director
Hotel Crescent Court | April 26, 2022
DALLAS – April 26, 2022 – Hotel Crescent Court – situated in the heart of Dallas’ vibrant Uptown – proudly announces the appointment of Shah Adil as its Area Managing Director. In this role, Shah will be responsible for managing the hotel’s day-to-day success, overseeing all operational aspects of the 226-room property and private club, including everything from sales and marketing to food and beverage, while maximizing company revenue. “This is a pivotal time in our industry and we’re beyond honored to have Shah join to lead our team,” said Denise Mope, Director of Sales and Marketing at Hotel Crescent Court. “With...
Virdee Powers Fully Contactless Check-In for The Chicago Hotel Collection
Virdee | April 26, 2022
The integration allows The Chicago Hotel Collection to provide a completely contactless guest experience, including mobile or kiosk check-in, while improving guest satisfaction at each touchpoint. AUSTIN, Texas – April 26 – Virdee, which delivers digital check-in and virtual concierge services to the lodging industry, has announced a partnership with The Chicago Hotel Collection, a group of five boutique hotels in Chicago's premier neighborhoods: River North, Magnificent Mile, Wrigleyville, and Millennium Park. Currently, the Chicago Hotel Collection Magnificent Mile location utilizes Virdee Virtual Reception to offer a fully contac...
Marine & Lawn Hotels & Resorts Names Phillip Allen as President
Marine & Lawn Hotels & Resorts | April 26, 2022
Allen previously served as Chief Development Officer, International Markets for Marine & Lawn Hotels & Resorts Owner Adventurous Journeys Capital Partners Nashville, Tenn., - Marine & Lawn Hotels & Resorts names Phillip Allen as President. Most recently serving as Chief Development Officer, International Markets at Adventurous Journeys (AJ) Capital Partners, Allen will drive the continued growth and success of the collection of bespoke hotels located in the world’s most distinguished golf destinations. In connection with the assumption of this new role, Allen will be temporarily relocating to the United Kingdom. “...
Following January 2022 ResortSuite Acquisition, Agilysys Accepts the ISPA Innovate Award at the 2022 ISPA Conference May 2-4, 2022
Agilysys | April 26, 2022
Technology leader to receive award for mobile app at leading spa industry conference and will reflect the show theme “Stronger Together” in Booth 809 ALPHARETTA, GA — APRIL 26, 2022 — In its first in-person spa industry conference appearance since acquiring hospitality software innovator ResortSuite in January 2022, Agilysys, Inc. (Nasdaq: AGYS) will accept the ISPA Innovate Award ResortSuite won in 2021 but did not receive in a formal ceremony because the show was canceled due to COVID. ResortSuite won the award for a mobile app that enables spas to provide guests with anytime, anywhere access to book appointments, view itinera...
The Dallas Market Continues to Lead the U.S. Hotel Construction Pipeline at the Close of the First Quarter
Lodging Econometrics | April 26, 2022
April 26, 2022 – PORTSMOUTH, NH – In the Q1 2022 U.S. Construction Pipeline Trend Report released by Lodging Econometrics (LE), at the close of the first quarter, Dallas leads all U.S. markets in the number of pipeline projects with 165 projects/19,730 rooms. Following Dallas, the U.S. markets with the largest hotel construction pipelines by project count are Atlanta, with 135 projects/17,646 rooms; Los Angeles with 123 projects/20,176 rooms; New York with 122 projects/20,864 rooms; and Phoenix, with 103 projects/13,820 rooms. Markets with the greatest number of projects already under construction are New York, with 90 projects/14,710 ...
Radisson Individuals Opens in Wausau, Wisconsin’s Historic River District
Radisson Individuals | April 26, 2022
Minneapolis, MN, April 26, 2022— Radisson Hotel Group Americas today announced the opening of Jefferson Street Inn, a member of Radisson Individuals. Located in the historic Wausau River District, the stunning hotel is situated in central Wisconsin on Interstate 39 between Eau Claire and Green Bay. Jefferson Street Inn’s quaint and timeless ambiance perfectly captures the essence of the region and delivers an exceptional experience for travelers of all kinds. The seven-floor property is home to 99 spacious and pet-friendly rooms and apartment-style suites. Guests can enjoy whirlpool tubs, room service, same-day dry cleaning service, an...
The World Travel & Tourism Council Reveals Massive Increase in Global International Inbound Travel
WTTC | April 25, 2022
Flight bookings suggest a hot summer ahead for key destinations across Asia-Pacific, Europe and the Americas Manila, Philippines: The World Travel & Tourism Council (WTTC) and its knowledge partner ForwardKeys, forecast a major increase in global international flights bookings as international travel takes off. The booking bounce back was revealed at WTTC’s prestigious 21st Global Summit, taking place this year in Manila, as the world continues to reopen from the pandemic. News of the strong recovery highlights a promising prospect ahead for summer holiday travel, with sun and sea destinations, such as the Caribbean and Latin...
Kolter Hospitality Acquires the Embassy Suites by Hilton Sarasota
Kolter Hospitality | April 25, 2022
DELRAY BEACH, Fla., April 25, 2022 -- Kolter Hospitality, a division of The Kolter Group, is pleased to announce the acquisition of the Embassy Suites by Hilton Sarasota located at 202 North Tamiami Trail in Sarasota. Located in the city's downtown district, the 18-story hotel was built in 2018 and has 180 all-suite guestrooms boasting breathtaking views of Sarasota Bay. "This is our second hotel in Sarasota joining the Westin Sarasota, which has been a true success story. We loved the downtown feel of the Embassy Suites by Hilton Sarasota and are honored to add it to our growing portfolio of impressive hotels across Florida," said...
Provenance Hotels and Gencom Affiliate Form GenPro
Provenance Hotels | April 25, 2022
PORTLAND, Ore. and MIAMI--Provenance Hotels (Provenance) and affiliates of Gencom, a leading domestic and international investment and development firm, today announced the formation of a special purpose hospitality venture, GenPro. As part of the venture, Provenance will contribute various hotels it owns throughout the United States, along with cash, and the Gencom affiliate will contribute cash. Jointly led by Provenance’s Founder and Chairman, Gordon Sondland, and Gencom Founder, Karim Alibhai, the venture will seek to expand through future acquisitions and/or redevelopment opportunities. GenPro’s hotel assets will be managed by B...
Belfast Seeing a Surge in Spring and Summer Bookings
STR | April 25, 2022
As 2022 moves further into spring and the summer months draw nearer, many markets around the world are seeing pent-up travel demand bolstering their hotel occupancy on the books. A good example can be found in Belfast, where the growing desire to travel and a variety of big-name events are leading to a positive performance outlook for hotels in Northern Ireland’s capital. This latest update from STR’s Forward STAR shows the many ups Belfast hoteliers can expect in the next year. May is busy with music When examining Belfast’s forward occupancy, we see how two world-renowned performers, each appealing to very different audienc...
Pebblebrook Hotel Trust Executes Contract to Acquire Inn on Fifth in Naples, Forida for $156M
Pebblebrook Hotel Trust | April 25, 2022
BETHESDA, Md.--Pebblebrook Hotel Trust (NYSE: PEB) (the “Company”) today announced that it executed a contract to acquire the AAA Four Diamond 119-room Inn on Fifth in Naples, Florida for $156.0 million. Upon completion of the acquisition, Pebblebrook will retain Noble House Hotels & Resorts (“Noble House”) to manage this unique independent luxury resort property at the center of Historic Downtown Naples. The purchase is expected to be completed by the end of the second quarter 2022 and is subject to customary closing conditions. The Company offers no assurances that this acquisition will be completed on these terms or at all. ...
Cambria Hotel Nashville Airport Opens in Music City
Cambria® Hotels | April 25, 2022
ROCKVILLE, Md., April 25, 2022 -- Following the brand's initial debut in Nashville several years ago, Cambria Hotels, an upscale brand franchised by Choice Hotels International, Inc. (NYSE: CHH), made an encore appearance with the grand opening of its second location: the Cambria Hotel Nashville Airport. The brand's newest addition underscores Cambria's continued quest to bring design-forward, approachable upscale accommodations to guests' favorite locations nationwide and provides modern travelers with the amenities they need to discover all the opportunities Nashville offers. To commemorate the property's official opening, Cho...
India Hotel Occupancy and ADR Top Pre-Pandemic Levels in Mid-April
STR | April 25, 2022
LONDON—Amid continued recovery from the Omicron wave, India’s hotel industry eclipsed pre-pandemic comparables in occupancy and average daily rate (ADR) for three consecutive days during the second week of April, according to preliminary data from STR. The three days (16-18) were the first of 2022 with both occupancy and ADR above 2019 levels in India. When using a running 7-day average, occupancy and ADR have been above 90% of pre-pandemic comparables since late-March. On Monday, 18 April, India recorded its highest ADR index of the year at 106% of the 2019 comparable. Occupancy surpassed pre-pandemic levels earlier in the year, reac...
Hospitality Financial Leadership: What Is the Only Thing We Know for Sure About the Hotel Budget?
David Lund | April 25, 2022
By David Lund The budget is a BIG deal. Heck, it consumes so much time and energy in the hotel. Getting it right is a critical element to any branded, managed hotel. If you are reading this and you do not prepare an annual budget, you are probably scratching your head and wondering what I am talking about. Read all about how to prepare a budget right here. In your average hotel, the budget process is a two- to three-month deal. It means, or it should mean, each key manager is implicated in doing their part by preparing and negotiating the payroll and expenses for the department they manage. The annual gut-wrenching process we call...
U.S. Hotel Construction Pipeline Projects Up Slightly Year-Over-Year
Lodging Econometrics | April 25, 2022
April 25, 2022 – PORTSMOUTH, NH - According to the Q1 2022 Construction Pipeline Trend Report for the United States from Lodging Econometrics (LE), the total U.S. construction pipeline stands at 5,090 projects/606,302 rooms at the end of the first quarter of 2022. LE analysts report that the total U.S. construction pipeline shows a small increase year-over-year (YOY), up 2% by projects, but down 3% by rooms. At Q1‘22, there are 961 projects/128,784 rooms currently under construction, down 27% by projects and 28% by rooms YOY. Projects scheduled to start in the next 12 months, at 1,911 projects/223,030 rooms, are up 2% by projects and 3...
What the 2022 Revitalization of EB-5 Financing Means Today: Part 2
Jim Butler | April 25, 2022
By Jim Butler and the Global Hospitality Group® Part two of our recent article in Westlaw Today explores the opportunities available to developers and investors now that the EB-5 program is back on track. For part 1, click here. This article was originally published on Westlaw Today on April 14, 2022. What the 2022 Revitalization of EB-5 Financing Means for Real Estate Developers and Other Entrepreneurs: Part 2 What are foreign investors looking for? Experts expect to see a flood of interest in the EB-5 program, both from foreign investors anxious to immigrate to the US, and from real estate developers with shovel-ready project...
Hard Rock Hotel New York Makes Its Debut
Hard Rock | April 25, 2022
NEW YORK, April 25, 2022 – Hard Rock International today announced the opening of the much-anticipated Hard Rock Hotel New York. Uniquely situated in the heart of Midtown Manhattan, steps from iconic landmarks including Radio City Music Hall, Rockefeller Center and the Theater District, Hard Rock Hotel New York offers a backstage pass to the city’s historic Music Row, honoring its legacy through intricate design, curated amenities, and award-winning guest experiences. “New York City is one of the greatest cities in the world and we are honored to open our doors to locals and travelers looking for a best in class hotel, dining, and en...
Stonebridge Companies Acquires Denver Airport Marriott at Gateway Park
Stonebridge Companies | April 25, 2022
DENVER — Stonebridge Companies, a privately owned, nationally recognized innovative hotel owner, operator and developer headquartered in Denver, has acquired the Denver Airport Marriott at Gateway Park. Stonebridge Companies will serve as the property owner and operator of the hotel. The acquisition of this full-service property is a further expansion of Stonebridge's intent to own and operate properties within the vicinity of Denver International Airport, the third-busiest airport in the world. “As we continue to aggressively pursue new opportunities for continued growth throughout the country, it was clear from the beginning this pro...