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Hotel Equities and Hotel Development Partners to Develop a Hampton Inn & Suites in Dunwoody, Georgia

Hotel Equities (HE) | August 5, 2013

Atlanta, GA-August 05, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) and its joint venture partner, Hotel Development Partners (HDP), recently gained City of Dunwoody approval to develop a mixed-use project in the Dunwoody/Perimeter Center area of Atlanta. This project will include a seven-story, 132-room Hampton Inn & Suites at the corner of Ashford Dunwoody Road and Perimeter Center North, just outside I-285 across from the highly popular Perimeter Center Mall in Dunwoody, Georgia. The location is approximately 12 miles from downtown Atlanta and 22 miles north of Hartsfield-Jackson International Airport. It stands wi...

La Quinta Inns & Suites Achieves Record-Breaking Growth in Second Quarter 2013

La Quinta | August 1, 2013

La Quinta Signs 34 New Franchise Agreements and Accelerates Brand's Growth Along Eastern Seaboard DALLAS (August 1, 2013) - La Quinta Inns & Suites announced results for the second quarter of 2013, which feature rapid growth in franchise development in the U.S. and internationally. In the second quarter of 2013: La Quinta awarded 34 new franchises, far exceeding the number for the same period in 2012. More than two-thirds of the new franchises awarded in the first half of 2013 were for new construction properties. The La Quinta brand accelerated its growth in the Eastern U.S., announcing new franchises in Springfield, Virgin...

Opportunity Knocks as Real Estate and Hospitality Execs Sense More Stable Foundation For Deal Making

EY | August 1, 2013

EY's global survey shows vast majority of senior real estate, hospitality and construction executives see global economy on the upswing, positioning industry for growth NEW YORK, 1 AUGUST 2013 - Real estate executives are far more confident about the global economy than they were just six months ago, according to EY's Global Capital Confidence Barometer for Real Estate, Hospitality and Construction. The report, which surveyed 117 senior executives from real estate, hospitality and construction (RHC) companies around the world, found there is increased optimism about the global economy. Eighty-five percent of those surveyed said the global ec...

Gila River Casinos Selects InvoTech RFID Uniform System for Three Casinos and Distribution Center

Gila River Gaming Enterprises, Inc. | July 30, 2013

Arizona Casino Operator Streamlines Uniform Processing, Reduces Labor Expense for Company-Wide Staff of 2,900 with More Than 36,000 Owned and Rented Uniform Items LOS ANGELES, CA – July 30, 2013 – InvoTech Systems, Inc. announced that Gila River Casinos implemented InvoTech's UHF-RFID Multi-Property Uniform System for three casinos and its corporate distribution center. InvoTech reduces labor costs and provides an increase in asset protection by streamlining processes for Gila River Casinos 20,000 owned and 16,000 rented uniforms. Click here for more information on InvoTech's Linen, Uniform, Laundry, and Security Systems. Gila River...

Engineer Named For Planning of Murfreesboro, TN Holiday Inn & Suites

BuildCentral | July 29, 2013

Hotel-Online and BuildCentral Add/Update 132 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 29, 2013 - Hotel-Online and BuildCentral have added or updated 132 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Lake Flower Hotel (Saranac Lake, NY) Motor Club Hotel (Chicago, IL) South Village, Hotel (L...

Goulston & Storrs Names John Ratino Co-Chair of Hospitality & Recreation Group

Goulston & Storrs | July 24, 2013

Washington, DC – July 26, 2013 – Goulston & Storrs is pleased to announce that John Ratino has been named co-chair of the firm's Hospitality & Recreation group. In June 2013, Goulston & Storrs' Hospitality & Recreation group was recognized by Chambers USA: America's Leading Lawyers for Business for extraordinary client service and ranked nationally in the Leisure & Hospitality category by the well-regarded legal directory. One client noted in Chambers' published results, "they really understand us which enables us to move expeditiously and not have to bring them up to speed on deals." The expansion of the group w...

The Science of Sorting

REVPAR GURU | July 23, 2013

Many hotel revenue managers live and die by their page position on OTA default searches. From Expedia's Most Popular picks, to Orbitz' Best Bets, to Agoda's Recommended, all of these listings are at the top of search results because the specific OTA made a (very subjective) decision based on a million possible factors, including the relationship that a property has with their OTA market manager, the commission that a property is paying, payment status (paid in full, late payments, etc.), amount of inventory (including last-minute inventory) listed on the site and the pictures included in your property's listing, among many others. Some ...

Hotel Assets Group Involved in 127 Hotel Transactions Over Last 12 Months

Hotel AG | July 22, 2013

ATLANTA - July 22, 2013 - Hotel AG announced today the firm has been involved in 127 hotel transactions over the past 12 months. In the past 6 weeks, the firm has closed 10 transactions that range from select service hotels including Hilton Garden Inn and Courtyard brands to full service assets. The hotels are located throughout the major US regions and cover most brand families. Currently, Hotel AG has 196 hotels on the market with 41 hotels under sale agreement expected to close within the next several months. H. Keith Thompson, principal of the firm, stated, "The hotel real estate market today is at a fevered pitch and we are seeing ...

The Newly Renovated 124-room La Quinta Inn & Suites Boise Town Square Opens in Idaho

La Quinta | July 16, 2013

Owned by Boise Hotel Partners LC and Managed by Western States Lodging Management DALLAS (July 16, 2013) - La Quinta Inns & Suites announced the opening of the newly renovated La Quinta Inn & Suites at 6546 Boise Town Square, Boise, Idaho. The 124-room property is owned by Boise Hotel Partners LC, which invested in upgrades to the hotel's lobby area, breakfast area and rooms, in preparation for the re-opening as a La Quinta. It is managed by Western States Lodging Management. The hotel is located just minutes from local corporate headquarters, businesses, leisure attractions and Boise State University, as well as a wide variety of ...

Indianapolis Hotel Moves Forward After Stalling In 2010

BuildCentral | July 15, 2013

Hotel-Online and BuildCentral Add/Update 185 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 15, 2013 - Hotel-Online and BuildCentral have added or updated 185 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Mission Bay, Hotel and Apartments (San Francisco, CA) Arc of Indiana Hotel (Muncie, IN) Synergy Bus...

Are Your Sustainability Initiatives Missing a Critical Component? A Perspective on Risk

Kevin A. Goldstein & HVS Sustainability Services | July 9, 2013

by Kevin A. Goldstein This article provides a perspective on key areas of risk relating to investment into utility efficiency projects and sustainability initiatives, and how owners / operators can minimize exposure during all phases of investment into their properties. Since re-launching our Sustainability practice in late 2011, HVS has contended that sustainability initiatives should focus on utility efficiency and be driven by the bottom line. We believe that a valid business case exists for numerous types of investments in building equipment and enhanced operating practices, and across the hospitality sector there are literally thou...

New Property Manager for Hilton Garden Inn Fort Myers

BuildCentral | July 8, 2013

Hotel-Online and BuildCentral Have Updated 231 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. July 8, 2013 - Hotel-Online and BuildCentral have reported 231 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: Hilton Garden Inn West Palm Beach Airport (West Palm Beach, FL) Embassy Suites Birmingham/Hoover (Birmingham, AL) ...

Fibra Inn Enters Agreement to Acquire Mexico’s Hotel Marriott Real Puebla for $27.8 Million

Fibra Inn | July 2, 2013

MONTERREY, Mexico - July 2, 2013 -- Deutsche Bank Mexico, S.A., Banking Institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13) ("Fibra Inn" or "the Company"), a Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced today that it has signed an agreement for the purchase of the Marriott Real Puebla Hotel. The agreed price for this hotel was US$ 27.8 million, excluding taxes and acquisition expenses. This acquisition will be paid in cash with the proceeds from the initial public offering that took place on March 13, 2013. The Company is finalizing the necessary negotiations ...

The Carlyle Group and The Dow Hotel Company Acquire the 269-room Hilton Orrington/Evanston, Illinois

The Carlyle Group | July 1, 2013

EVANSTON, Ill./SEATTLE, Wash., July 1, 2013 - The Dow Hotel Company, LLC (DHC) , a hotel ownership, investment and management company, today announced that it has acquired in a joint venture with The Carlyle Group's (NASDAQ: CG) Carlyle Realty Partners VI, the 269-room, Four Diamond-rated Hilton Orrington hotel in Evanston, Ill. It is the third property acquired by DHC and its investment partners in the past nine months. DHC will operate the hotel. The hotel will undertake an approximate $6 million renovation/upgrade over the next 12 months. The improvements will focus primarily on guest rooms, corridors, upscale lounge and coffee conce...

Thayer Lodging Group Acquires the 338-room Ritz-Carlton, San Francisco

Thayer Lodging Group | July 1, 2013

NEW YORK, July 1, 2013 -- Thayer Lodging Group, a privately held investment company that produces strong Alpha Returns for investors in hotel real estate, announced the first investment of Thayer Fund VI – the acquisition of the 338-room Ritz-Carlton San Francisco, from Host Hotels and Resorts, Inc. (NYSE: HST). As part of a proprietary approach that helps enhance the appeal and increase the value of high profile hotels in major urban markets, Thayer intends to invest up to $17 million in the property in its first twenty-four months of ownership. Similar to the J.W. Marriott San Francisco, which Thayer acquired in 2011, Thayer's appro...

Architect Named for SBE Hotel Development in Seattle

BuildCentral | June 29, 2013

Hotel-Online and BuildCentral Add/Update 139 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. July 1, 2013 - Hotel-Online and BuildCentral have added or updated 139 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Greenwich Street Hotel (New York, NY) Convention Center Hotel (Jackson, MS) Element by Westin Hotel (...

Ultima Hospitality Acquires the 202-room Boston Marlborough Courtyard by Marriott; Plans Renovation

Ultima Hospitality | June 28, 2013

CHICAGO, Ill. (June 28, 2013) - Ultima Hospitality, an industry-leading investment and hotel management company, announces the purchase, renovation and management of the Boston Marlborough Courtyard by Marriott. Located in the heart of Central Massachusetts, the 202-room hotel will undergo $2 million dollars in improvements including a redesign of meeting space, which will complement the recent renovation of the lobby, guestrooms, restaurant and public space. "The Greater Boston market is an area we have been, and remain focused on as a result of its existing demand and infrastructure, as well as its near and long-term growth potential,...

Lightstone Value Plus REITs Buy Four Marriott and Starwood Arkansas Hotels for $29.1 Million

LVPR | June 28, 2013

NEW YORK - June 28, 2013 - Lightstone Value Plus Real Estate Investment Trust, Inc. ("LVPR") and Lightstone Value Plus Real Estate Investment Trust II, Inc. ("LVPR II") announced today the acquisition of four Marriott and Starwood hotels in Arkansas for $29.1 million. LVPR acquired the Marriott Fairfield Inn in Jonesboro and the Aloft Hotel in Rogers, a Starwood property, for $18.4 million. They have a combined 213 keys. LVPR II purchased two Marriott TownePlace Suites in Little Rock and Johnson, which have a combined 184 keys, for $10.7 million. "We believe these are four well-located premium branded hotels in diverse markets," said Da...

AWH Partners Acquires the 133-room High Peaks Resort in Lake Placid, New York – Plans to Renovate

AWH Partners, LLC | June 27, 2013

NEW YORK (June 27, 2013) - AWH Partners, LLC - a privately held, New York-based, real estate investment, development and management firm - announces today the acquisition and planned renovation of its eighth asset - High Peaks Resort in Lake Placid, NY. "This transaction demonstrates our ability to source opportunities off-market, and identify value where others may not see it. Resorts continue to be the least-favored sector in the business and we see that changing rapidly over the next few years, making what we believe is a very good buy and an exceptional investment for AWH and our investors," says Chad Cooley, principal of AWH Partne...

Waramaug LS Hotels, LLC Forms $150 Million Hotel Acquisition Program

Waramaug LS Hotels | June 27, 2013

Acquires Courtyard by Marriott in Paducah, Kentucky as First Asset in the New Fund BOCA RATON, FLORIDA, JUNE 27, 2013 - Waramaug LS Hotels, LLC, a private investment group and its institutional capital partner, announced today they have acquired the 100-room Courtyard by Marriott Paducah West, in Paducah, Kentucky, through their newly formed hotel acquisition platform. The hotel will remain a Courtyard by Marriott and will be managed by Interstate Hotels and Resorts. "This hotel has strong investment potential and has been substantially renovated by the previous owner," said Paul Nussbaum, Waramaug LS Hotel's Founder and Managing Partne...

Carlos Rodriguez of Driftwood Hospitality Talks Hotel Expansion in Miami-Dade, Florida

June 24, 2013

June 24, 2013--Carlos J. Rodriguez has been working in the hotel business in Miami-Dade for 17 years, so he's seen several boom-and-bust cycles. He formed Cardel Hotels in Miami in 1996, a company that merged with North Palm Beach-based Driftwood Hospitality Management 10 years ago. As executive vice president and partner at Driftwood Hospitality Management, Rodriguez is now overseeing a new booming period. Driftwood, a North Palm Beach business with an office in Coral Gables, designs, develops, staffs and manages hotels around the country and in Costa Rica. The company has plans to enter the Canadian market with a joint venture as well...

New Courtyard Miami Beach Oceanfront Tower Slated for Completion August 2013

BuildCentral, Inc. | June 14, 2013

Hotel-Online and BuildCentral Added/Updated 136 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. June 17, 2013 - Hotel-Online and BuildCentral have added or updated 136 hotel projects in the last two weeks to Hotel Construction, a nationwide database of hotel construction projects, openings, and key decision makers (Owner/Developers, Architects and Contractors). These proposed hotels are still in the planning stages. Now is the perfect time to have your product drawn into plans, or offer construction services: Main Street Mixed-Use Development (Royal Oak, MI) LaQuinta (East Syracuse, NY) Coconut Creek Hot...

NewcrestImage Acquires the Historic Cotton Exchange Hotel in New Orleans for $17.8 million

NewcrestImage | June 13, 2013

June 13, 2013 - NewcrestImage continues its ambitious expansion plans with acquisition of the Cotton Exchange Hotel in the French Quarter of New Orleans. The 223-room property, which is designated a National Historic Landmark, was purchased out of foreclosure through a sealed bid process for $17.8 million. "We have long considered New Orleans -- which has a thriving economy and last year attracted more than nine million business and leisure visitors -- as being important to our growth strategy and this acquisition enables us to enter that market in an absolutely unique way," explains Mehul Patel, Chairman and CEO of NewcrestImage. The h...

New Orleans W Hotel to be Converted to a Le Meridien New Orleans by 2014

BuildCentral | June 10, 2013

Hotel-Online and BuildCentral Have Updated 274 Hotels in the Last Two Weeks with Changes in Personnel, Property Management or Ownership Chicago, IL. June 10, 2013 - Hotel-Online and BuildCentral have reported 274 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: Courtyard San Diego Downtown (San Diego, CA) Residence Inn Columbus Worthington (Columbus, OH) Clarion Hotel Dela...

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