hotel operations

Paramount Hotel Group Adds Towneplace Suites by Marriott in Clinton, New Jersey to Management Portfolio

Paramount Hotel Group | December 5, 2019

Clinton, NJ – December 5, 2019 – Paramount Hotel Group, a full-service third party hotel management company, announced today that it has been awarded the management contract for the TownePlace Suites by Marriott in Clinton, New Jersey. David Hale, Vice President of Business Development at Paramount Hotel Group, made the announcement. The new 100-suite hotel offers studio, one-bedroom and two-bedroom suites with fully equipped kitchens, as well as separate living/working and sleeping areas. Guests can work and relax on their own terms in modern suites that feature full kitchens with stainless steel appliances and granite countertops, ad...

Cimarron Hospitality Partners With Genuine Hospitality to Operate New Hilton Garden Inn – Boulder / Longmont, CO

Genuine Hospitality, LLC | November 27, 2019

SAINT LOUIS, IL, November 27, 2019 – Arlington, TX based hotel developer and operator, Cimarron Hospitality announces the appointment of St. Louis-based hotel operator, Genuine Hospitality to operate the new 105-room Hilton Garden Inn – Boulder / Longmont, CO. Located at 470 South Martin Street Longmont, CO, the hotel is ideally located at the Northeast corner of Ken Pratt Blvd & South Martin Street, 1.3-miles southeast of downtown Longmont, CO. The location is enhanced by the bordering St. Vrain River, known for its great whitewater Kayaking with spectacular views of the Colorado Rockies. The Hilton Garden Inn – Boulder / Longmo...

Meyer Jabara Hotels Now Operating the First Cambria Hotel in South Boston

Meyer Jabara Hotels | November 26, 2019

Upscale hotel designed for modern business travelers is the first in the market to feature a 4,000-square-foot rooftop bar and lounge that offers breathtaking, unobstructed city views [Danbury, Conn., November 26, 2017]— Meyer Jabara Hotels (MJH) is pleased to announce that the Cambria Hotel Boston, Downtown-South Boston is now open. The 159-room hotel, located at 6 West Broadway, is the first hotel to open in “Southie” and the second hotel to be operated in Boston by MJH; the company also owns and operates a Cambria Hotel in Pittsburgh, Pa.; White Plaines, N.Y.; and a property in Morristown, N.J., is under construction. A ribbon cut...

Marshall Hotels & Resorts Assumes Management of Best Western Plus University Inn & Conference Center in Clemson, S.C.

Marshall Hotels & Resorts, Inc. | November 25, 2019

CLEMSON, S.C., Nov. 25, 2019—Marshall Hotels & Resorts, a leading hotel management and services company that operates properties nationwide, today announced that it has taken over management of the 148-room Best Western Plus University Inn & Conference Center in Clemson, S.C. The hotel recently was purchased by Medalist Diversified REIT, a real estate investment trust specializing in value-add commercial real estate. To celebrate the occasion, Marshall hosted a grand re-opening event where the hotel’s new dining concept, Tiger Blvd. Bistro, was unveiled. “The Best Western Plus University Inn & Conference Center, with its ...

Hospitality Financial Leadership: Getting Close to the Engine Room

David Lund | November 25, 2019

By David Lund In my career I have worked with a lot of interesting characters. To say the least, they were all quite colorful, usually fanning the flames of the hotel’s drama and adding their own seasoning. One boss I had was particularly interested in teaching lessons. He made everything into a lesson. What did you learn? How did I screw up? There was always a warm underbelly to be examined. One day we had just wrapped up our weekly executive committee meeting (sounds formal and important, but not really – kinda boring usually) and my boss asked me to stay behind as he had something for me to “listen to.” That got my attention....

Separating Good From Great GMs in Two Questions

Larry Mogelonsky | November 20, 2019

By Larry Mogelonsky, MBA, P. Eng. (www.hotelmogel.com) Working as an asset manager, one of my key responsibilities over the years has been to collaborate with the general manager to secure the underlying asset’s value as well as develop programs that will grow rate, occupancy and the hotel’s status within the community. Obvious enough, but just like something straight out of an old Soviet playbook, another primary duty is to assess the GM’s performance, offering guidance and mentorship where needed as well as giving the thumbs up or thumbs down on their employment contract renewal. While others will utilize a lengthy and formal...

Hotel Owner Vs. Debt Service, How to Prepare for the Downturn

James E. Fitzgerald | November 20, 2019

By James Fitzgerald The Uptrend Is Ending, Now What? Most people don’t see all the obstacles a hotel owner faces once their hotel revenues start declining; such as if the next travel recession strikes or new hotel competitors enter the market, cash flows fall, and tensions rise. This is particularly true for overleveraged hotels or those with balloon maturities. So, as this incredible hotel 11 year up-cycle begins to slow, the wise Owner will not solely rely on their management company but will consider all alternatives well in advance of a problem. Hotels really are a different animal, some may say, a bird, as the “Peacock”...

Paramount Hotel Group Adds Doubletree by Hilton in Fairfield, New Jersey to Portfolio

Paramount Hotel Group | November 13, 2019

Fairfield, New Jersey, November 13, 2019 – Paramount Hotel Group, a premier third party hotel management company, announced today that it has been awarded the management contract for the Doubletree by Hilton Hotel & Suites in Fairfield, New Jersey. Paramount Hotel Group CEO David Simon made the announcement. Each of the hotel’s 204 rooms includes complimentary Wi-Fi, a large work desk and ergonomic chair, mini-refrigerator and HDTV with premium channels. Suites feature additional space, a separate bedroom, living room and sofa bed. The hotel also houses Nectar, a full-service bar and trendy restaurant serving Fine American Cuisine ...