hospitality management
Capstone Equities Launches New Hospitality Management Division, Rebel Hospitality
Capstone Equities | March 17, 2021
NEW YORK - March 17, 2021 - Embracing the continually evolving landscape of 2021, Capstone Equities, a leading New York-based private equity firm, today announced that it will take the bold step to self-manage their portfolio of hotels with the launch of Rebel Hospitality. With the goal of aligning asset financial performance and owner interests, this self-management model epitomizes the investor-centric mindset of Capstone Equities. Rebel Hospitality offers absolute transparency between operations and investment teams with a technology-oriented management platform that can also be applied in partnership with other hotel owners or invest...
Why There Is Hope Amid the Despair for the Hospitality Industry
Sherif Mamdouh | November 18, 2020
By Sherif Mamdouh A version of this article was previously published on Bilan.ch Deserted airports, lists of countries not to visit, historically low occupancy rates for hotels, unable to crawl back beyond the 10% mark. Unsettling tales abound, and for good reason: we’re facing a violent reality made of layoffs, financial distress, bankruptcies and uncertainty. In this most worrying context, solidarity and compassion must be shown towards the thousands of employees pushed into precarious situations. After this time of empathic reflection, the tourism industry must reflect on its own existential situation.What is really going on? Wh...
Valor Hospitality Partners Appoints Clarence Tan Principal Advisor of Asian Management Division
Valor Hospitality Partners | October 21, 2020
ATLANTA (October 21, 2020) - Valor Hospitality Partners, an award-winning hospitality management company, has named Clarence Tan as the principal and corporate advisor of Valor Asia, the organization’s Singapore and Thailand-based division. Tan joins Valor Hospitality with over 25 years of experience in hotel management, global leadership and senior management. In his new role, Tan will leverage his hospitality management experience, as well as his market knowledge, to support the growth of Valor’s Asian and Australasian portfolios. “We believe the opportunities for franchising in Asia are now more critical than ever, as owners and in...
Hospitality Asset Managers Association (HAMA) Release “Fall 2020 Industry Outlook Survey” Results
HAMA | October 14, 2020
BOSTON - The Hospitality Asset Managers Association (“HAMA”) today released the results of a wide-ranging survey of asset managers' thoughts, experiences and forecasts for the upcoming year as the hotel industry continues to deal with the on-going pandemic. With more than 100 participants, topics ranged from the impact of COVID-19 on RevPAR to which major brands were viewed as having most effectively addressed guest health and safety concerns. The survey also went into depth on the current and future financial status of participant hotels and made predictions on when the recovery will proceed. The survey was conducted in preparation f...
Core Hospitality Appoints Monica Selvik General Manager for Upcoming Moxy Bergen
Core Hospitality | October 6, 2020
The hotel operator Core Hospitality has appointed Monica Selvik as General Manager of upcoming hotel Moxy Bergen. The international brand opens in the Norwegian city in six months. Monica Selvik takes on the role as “Captain” (General Manager in Moxy speak) at Moxy Bergen, a 199-room hotel that opens in March 2021 on the Norwegian west coast. Monica has more than 30 years’ experience from the hotel industry in a plurality of positions from receptionist and revenue manager to hotel manager and sales director. Her experience is mainly from Bergen where she has worked for Nordic Choice Hotels, First Hotels, Thon Hotels and Magic Hotels....
Hospitality Financial Leadership: Internal Control Reviews
David Lund | October 5, 2020
By David Lund Hot on the heels of creating a hotel policy manual is the newfound ability to create an internal control review process. Policies are all about the rules of the road and the ICR is all about the roadside check stop. “Excuse me, Sir, have you been drinking tonight?” “Why no, Officer, we’re just coming back from church.” In this piece I am going to examine how to create and use the ICR so your hotel and hotel company will have an effective, efficient and low-cost method of catching the rule breakers and most importantly, making sure everyone stays on the right side of the rules and we all make it home safely....
The 7 Ps Marketing Mix of Home-Sharing Services: Insights From Over One Million Airbnb Reviews
Linchi Kwok | July 29, 2020
By Linchi Kwok The 7 Ps marketing mix framework is a widely used managerial tool that helps businesses identify the principal components of a service product. The 7 P elements include Product, Promotion, Price, Place, Participant, Physical Evidence, and Process. The 7 Ps framework can assist marketers in making decisions regarding segmentation, positioning, and differentiation. Even for the same type of products with different brands, marketers can still drive higher sales through the improvement of a product’s marketing mix. The empirical study about 7 Ps of home-sharing services Building upon the 7 Ps marketing mix framework, ...
Industry Icon Steve Belmonte Joins US Investment Banking Firm, Amdel Associates Inc., as Managing Director of Its Hospitality Division
Amdel Associates, Inc. | July 14, 2020
July 14, 2020 – Holmdel, New Jersey - Hospitality industry veteran, Steve Belmonte, will be joining Amdel Associates Inc. as Managing Director of the hospitality, lodging and hotel systems segment effective August 1, 2020. Amdel Associates is an investment banking and corporate finance firm focused on upper middle market merger and acquisitions. Amdel specializes in bringing unique opportunities to their clients in a variety of industries. Through its Private Equity, Family Office, and Corporate Acquisition relationships, Amdel accesses over $10 billion in equity capital to purchase and/or merge with established companies with EBITDAs in...
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