CBRE Expects RevPAR Growth to Improve in H2 2024, Driven by Holiday and International Travel
CBRE Group, Inc. | May 16, 2024
Paramount Lodging Advisors Successfully Transacts Chicago Renaissance OHare Hotel
Paramount Lodging Advisors | November 7, 2023
Real Estate
Casino Rama Installs InvoTech Uniform System; Reduces Labor 15 Hours Daily
InvoTech Systems | February 13, 2014
New UHF-RFID System Helps Luxury Resort Grow with Greater Efficiency, Automated Uniform Laundry Processing LOS ANGELES, CA - February 13, 2014 - InvoTech Systems, Inc., a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry operators, announced Canada's Casino Rama implemented its Uniform System to track and maintain the asset value of the casino resort's 15,000 uniforms. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. "Our team estimates we save 15 hours a day in labor with InvoTech. This is huge," said H...
JMBM’s Chinese Investment Group™ Announces Successful Acquisitions in the U.S. for Chinese Clients
JMBM | February 10, 2014
Promotes Eudeen Chang to Vice Chairman of the Group By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 10 February 2014 Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the successful closing of a number of hotel and real estate purchases by members of its Chinese Investment Group™, and the promotion of Eudeen Chang to Vice Chairman of the Group. Chang is a founding member of the Group as well as a senior member of the Firm's JMBM's internationally recognized Global Hospitality Group®. The attorneys in JMBM's Chinese Investment Group™ help Chinese investors make in...
Plans for Oxford Suites Paso Robles in California Approved by City
BuildCentral | February 3, 2014
Hotel-Online and BuildCentral Add/Update 167 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. February 3, 2014 - Hotel-Online and BuildCentral have added or updated 167 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: Harbor Bay Club Hotel (Alameda , CA) Statler Hotel Site Redevelopment/Fitzgerald Place Complex (D...
InvoTech Systems Installs Uniform, Linen, and Laundry Management Systems at Canouan Resort
InvoTech Systems | January 30, 2014
Luxury Caribbean Resort Implements UHF-RFID Inventory Tracking Systems to Control High-Value Uniform and Linen Assets LOS ANGELES, CA - January 30, 2014 - InvoTech Systems, Inc. announced that the luxury Canouan Resort on Canouan Island Heart of the Grenadines installed the InvoTech UHF-RFID System for managing the resort's uniforms, linens, and laundry operations. InvoTech is a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry operators. Click here for more information on InvoTech's Linen, Uniform, and Laundry Systems. InvoTech Uniform,...
Hotel Management Agreements: 5 Things to Keep in Mind When You Look for a Hotel Operator
JMBM | January 24, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 24 January 2014 As the economy and the hotel industry fundamentals continue to improve, hotel values have recovered to pre-recession levels in many of the top 35 hotel markets, the number of hotel transactions has jumped and new capital is pouring into hotels. This new capital -- whether focused on new, ground-up development, or the purchase of neglected assets with a view to deep renovation and rebranding -- is increasingly seeking new brands and management for their hotels. We have not s...
New outsourced revenue management startup in Orlando
BestRev.com | January 23, 2014
BestRev, LLC, is a new revenue management consulting startup, based in the Orlando, FL area. With core competencies in the areas of revenue management, rate and inventory management, online distribution and channel management, the team at BestRev is now offering their services to independent and franchise hotel properties of all sizes. According to CEO and co-founder, Zephyr Gentry, "We recognize the need that independent and franchise owners have every day: for solid expertise and know-how in the ever-changing world of e-commerce, as it relates to hotels specifically, and the travel industry, in general. The old approaches just don't w...
InvoTech and T-Y Group Partner to Simplify Linen Supply and Control for Grand Beach Hotel Surfside
InvoTech Systems | January 22, 2014
Miami's Luxury Grand Beach Hotel Surfside Opens with Easy-Install UHF-RFID Linen System to Protect Valuable Assets LOS ANGELES, CA - January 22, 2014 - InvoTech Systems, Inc. announced that the Grand Beach Hotel Surfside installed InvoTech's UHF-RFID Linen System to protect the property's high-value linen investment. T-Y Group provided the hotel with 50,000 linen items pre-tagged with durable UHF-RFID laundry tags to enable instant, simplified linen inventory and tracking. InvoTech is a leading provider of systems that integrate the latest RFID technology to increase profitability for hotels, casinos, hospitals, and commercial laundry o...
Hotel Equities to Develop $52 Million 175-key Residence Inn in Miami Beach/Surfside, Florida
Hotel Equities (HE) | January 21, 2014
Atlanta, GA-January 21, 2014 - Hotel Equities (www.hotelequities.com), an Atlanta-based hotel management, ownership and development company, announced the execution of a Marriott franchise agreement to develop a new construction $52 million resort-style Residence Inn by Marriott in Miami Beach/Surfside, Florida. Industry veteran and award-winning hotelier Fred Cerrone founded Hotel Equities and serves as the President and CEO. The firm has grown from one hotel in Atlanta to a nationally recognized portfolio of more than 45 properties. Hotel Equities will co-develop the 175-room one-of-a kind hotel in conjunction with Hotel Development P...
Twenty Four Seven Hotels Adds TownePlace Suites Sacramento Cal Expo to Portfolio
Twenty Four Seven Hotels | January 20, 2014
Newport Beach CA, January 21,2014 – Twenty Four Seven Hotels expands its portfolio with the addition of the TownePlace Suites Sacramento Cal Expo. The hotel has 117 studio, one-bedroom and two-bedroom residential-style suites, offering 25% more space than traditional hotel rooms. The hotel features In a Pinch 24/7 food/beverage pantry, complimentary breakfast, free Wi-Fi throughout the hotel, outdoor pool exercise room, on-site business services and complimentary weekday USA Today in the lobby. The hotel is pet-friendly and discounts rates based on length of stay. TownePlace Suites Sacramento Cal Expo is within walking distance to Cal...
HVS Releases 2013-2014 Hotel Development Cost Survey
Elaine Sahlins of HVS | January 20, 2014
2013 Development Costs Rise; Market-by-Market Development Uneven HVS has released the HVS Hotel Development Cost Survey for 2013-2014, which incorporates a range of data sources including development budgets, material and labor costs indexes, and input from industry professionals, to track hotel construction costs in the United States. According to HVS San Francisco Senior Vice President Elaine Sahlins, author of the Survey, research shows that by the end of 2013, the hotel investment market as a whole had largely recovered from previous recessionary years, but the trend in market-by-market hotel development has been uneven. "The hotel ...
Hotel Industry Outlook: Jim Butler’s Top 10 for 2014
January 20, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 21 January 2014 Hotel Industry Outlook: Jim Butler's Top 10 for 2014 by Jim Butler | Chairman, JMBM's Global Hospitality Group® A lot of exciting things are happening in the hospitality industry as 2014 opens. Based upon more than $68 billion of hotel transactions, JMBM's Global Hospitality Group® has made its "top 10" pick of the events, issues, trends, and developments that will have the biggest impact on the hotel industry. 1. 2013 will prove to be better-than-expected, but 2014 will ...
Feasibility Study Starts for Planned USC Hotel and Conference Center
BuildCentral | January 20, 2014
Hotel-Online and BuildCentral Add/Update 168 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. January 20, 2014 - Hotel-Online and BuildCentral have added or updated 168 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: CIA Hotel (Hyde Park, NY) Ashford Dunwoody Hotel (Dunwoody, GA) Alta Colorado Lodge and Resort (L...
Comcast and Liberty Announce $1.2 Billion Philadelphia Skyscraper with New Four Seasons Hotel
Jim Butler | January 20, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 20 January 2014 Hotel Lawyer on Hotel Mixed-Use. JMBM's hotel lawyers are proud to be the hotel legal and advisory team for the developers on the Four Seasons luxury hotel component of this spectacular project. This is one of the high-profile hotel-retail-office mixed-use projects we have been working on for more than a year. Hotel mixed-use is back! Hotels are being added to projects with retail, residential, office, entertainment and other uses -- and the multiple uses enhance each other...
Starwood & The Phoenician Get an Expensive (and unnecessary) Lesson in ADA Compliance. Who’s Next?
JMBM | January 16, 2014
For the most recent update on this topic, click here Hotel Lawyers | Authors of www.HotelLawBlog.com 16 January 2014 Hotel Lawyer with observations on the DOJ's ADA investigation of Starwood Hotels and The Phoenician, and the recent ADA Settlement Agreement. In January 2009, the Hotel Law Blog reported the Department of Justice's (DOJ) Americans with Disabilities Act (ADA) Time Square Manhattan Theater District sweep of nearly 60 hotels. See ADA Defense Lawyers: ADA Sweeps by Department of Justice - Coming to a theater district or hotel near you soon? At that time, Marty Orlick, Chair of JMBM's ADA Compliance and Defense Group - who re...
What the Target Data Security Breaches Mean for Hoteliers
JMBM | January 15, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 15 January 2014 Hotel Lawyer: The growing problem of security breaches with sensitive customer information. The recent headlines about the Target and Neiman Marcus security breach with customer credit cards highlights a growing crisis that concerns owners and operator of hotels as well as retailers. In this article, Bob Braun, one of the senior members of our Global Hospitality Group® who focuses on data security -- when he is not working on hotel management or franchise agreements -- giv...
European Hotels Anticipate Positive Trading in 2014 but Must Adapt to Genuine Service Guest Demands
HVS | January 13, 2014
The hotel industry in the UK and across Europe is facing a positive 2014 with demand on the up from both leisure and corporate guests, transaction activity set to improve and lending becoming more easily available. Across Europe hotel development remains active with 360 hotel projects ongoing, an additional 60,000 rooms. Many are expected to open in 2014, with the balance in 2015 and 2016. A further 450 hotels (70,000 rooms) are currently at the planning stages, with the majority of projects to be found in the UK followed by Russia, Turkey, Germany and France*. Global hotel consultancy HVS London said that some 45% of the new rooms unde...
Hotel Commercial Investment & IHG to Open Holiday Inn® Dabrowa Gornicza Katowice in Poland in 2015
IHG (InterContinental Hotels Group) | January 13, 2014
January 13, 2104 - InterContinental Hotels Group (IHG®), one of the world's largest hotel companies today announced the signing of Holiday Inn® Dabrowa Gornicza Katowice in Poland. The hotel is scheduled to open in 2015. The franchise agreement with Hotel Commercial Investment to open Holiday Inn Dabrowa Gornicza Katowice will be the first Holiday Inn hotel in the area. The 160 room hotel featuring the Open Lobby Concept will be newly built close to exhibition centre EXPO Silesia and occupies a prime location in the greater Katowice area. The hotel's main driver of demand will be MICE travellers frequenting the exhibition hall. Marcin...
Hotel Lawyer: Something Everyone Buying or Building a Golf Course Should Know…
JMBM | January 6, 2014
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 06 January 2014 Hotel Lawyer: Some lessons for the rising interest in golf. Golf courses are back in popularity -- for play, purchase and sale, and development. Whatever your involvement, you will likely find today's article by my partner Guy Maisnik to be interesting and helpful in avoiding unnecessary losses. Some other articles on golf are referenced at the end of this article. BUYING OR BUILDING A GOLF COURSE -- DUE DILIGENCE IS KEY by Guy Maisnik | Vice Chair of JMBM's Global Hospital...
JMBM’s Hotel Lawyers Help Chinese Real Estate Developer Buy 802-room Sheraton Gateway LAX for $96 M
JMBM | December 30, 2013
For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 30 December 2013 The hotel lawyers of JMBM's Global Hospitality Group® and Chinese Investment Group™ assisted Hazens Investment, LLC, in the company's purchase of the 15-story, 802-room Sheraton Gateway LAX Hotel, located close to Los Angeles International Airport. Hazens Investment is a subsidiary of Shenzhen Hazens Real Estate Group Co. Ltd., one of the top 100 largest construction and development companies in China, based in Shenzhen, China. Hazens Investment and the seller, an affil...
70-Room Sessions Hotel Planned for Bristol, VA
BuildCentral | December 30, 2013
Hotel-Online and BuildCentral Add/Update 98 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. December 30, 2013 - Hotel-Online and BuildCentral have added or updated 98 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: Healdsburg Plaza Boutique Hotel (Healdsburg, CA) Phipps Plaza Hotel (Atlanta, GA) Amber Valley We...
Hotel Equities & JV Partner HDP to Develop 132-key Hampton Inn and Suites in Atlanta, Georgia
Hotel Equities (HE) | December 23, 2013
Atlanta, GA - December 23, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) signed a definitive agreement with Hilton Hotels to develop an upscale Hampton Inn & Suites in the Sterling Pointe development with its joint venture partner, Hotel Development Partners (HDP). The project will include four outparcels targeted for high-end restaurants and retail. Hotel Equities will manage the hotel and assist with the development. Opening is projected for early 2015. "We have seen pent-up demand for quality lodging assets in Atlanta's Perimeter Center area, making the location and timing for this project ideal." said Brad Rahinsky...
Warning for Hotel Investors Considering Golf Courses: Golf Courses are Different!
JMBM | December 16, 2013
They have different risks and require different skill sets. For the most recent update on this topic, click here By Jim Butler and the Global Hospitality Group® Hotel Lawyers | Authors of www.HotelLawBlog.com 16 December 2013 Hotel Lawyer with some insights on buying and developing golf courses. Hotel investors suddenly seem to be buying or building more golf courses. With the right expectations and circumstances, golf courses can make sense -- particularly as an amenity for hotels, residential development and other real estate. But as more hospitality clients look at golf courses, it seems appropriate to consider the drivers of this r...
Groundbreaking Takes Place for Hyatt Regency Galleria in Houston
BuildCentral | December 16, 2013
Hotel-Online and BuildCentral Add/Update 125 Hotel Projects to the New Hotel Construction Projects Database Chicago, IL. December 16, 2013 - Hotel-Online and BuildCentral have added or updated 125 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: Tyre Casino Resort (Tyre , NY) Doheny Hotel (Dana Point, CA) KY Horse Park Hotel (Lexington, KY)...
Hotel Equities Selected to Manage Four La Quinta Hotels in Tampa, Florida
Hotel Equities (HE) | December 9, 2013
Atlanta, GA - December 9, 2013 - Atlanta-based Hotel Equities (www.hotelequities.com) has been selected to manage four La Quinta Inn & Suites hotels in the greater Tampa, Florida metro area with a total of 265 rooms. The four hotels include La Quinta Inn & Suites Clearwater South, La Quinta Inn & Suites St. Petersburg Northeast, La Quinta Inn & Suites Tampa Central and La Quinta Inn & Suites Tampa South. "Adding four additional properties in Tampa brings us to a total of 10 hotels in Florida and gives us great flexibility and synergy here," said Joe Reardon, Vice President of Business Development for HE. "We are work...