hotel ownership
Marriott International Launches “Marriott’s Bridging The Gap” Hotel Development Program
Marriott International | June 6, 2022
$50 Million Program Aims to Increase Development and Ownership of Marriott Properties Among Historically Underrepresented Groups Including Black, Hispanic/Latino, Native American/First Nation and Women At the 44th Annual NYU International Hospitality Investment Conference, Marriott International (Nasdaq:MAR) announced the launch of “Marriott’s Bridging The Gap,” a multi-year, $50 million development program that aims to address the barriers to entry that historically underrepresented groups face in owning and developing hotels in the United States and Canada. Recognizing that access to capital constitutes a critical barrier to market ...
How Today’s Hotel Ownership Model Clashes With the Need for Green Energy Investments
HEBS Digital | April 15, 2019
by Jason Price, EVP, HEBS Digital April 15, 2019 The hotel industry was an early adopter in embracing energy conservation and other earth friendly practices. However, sizable capital investments like HVAC upgrades, energy generation, or smart materials in renovations exceeds the short-term revenue models for today's hotel investor. As of now, what a hotel can do has been done - switch to LED light bulbs, key entry-driven lighting, and reduced turnover of towels and linens. Although these efforts generate cost savings and matter to the environment, the investments are limited compared to what is being committed in residential and in new ...
Revisiting the Public Ownership of Convention Hotels
the authors | March 29, 2019
By Gregg Rockett and Jeff Sachs Part One: Despite evoking controversy at many levels, the wheels are still firmly on the rails as it relates to public ownership of hotels Introduction The legacy of public sector whole-ownership of convention hotels extends several decades but became more prevalent in connection with provisions of the 1997 U.S. tax code (Revenue Procedure 97-13). These revisions facilitated clarity on the safe harbor status of management agreements related to facility operations financed by tax-exempt bonds. The first convention hotel to open following the revised provisions was Chicago's Hyatt Regency McCormick Place, d...
Hotel Equities Joins Forces With Virtua Partners
Hotel Equities | September 12, 2018
Strategic partnership will fuel growth in acquisitions and investments in various platforms Atlanta, GA – (September 12, 2018) Hotel Equities (HE), the hospitality industry's premier hotel management and development company, announced today that it has created a strategic alliance with private equity firm, Virtua Partners. Virtua Partners is making a series of investments totaling more than $500 million into HE's hospitality platform. The new capital will be utilized to fuel growth through hotel management company acquisitions, organic growth and strategic investments into various hospitality assets. Hotel Equities provides manage...
Investing in Leisure: Exploring the Untapped Potential
Achin Khanna | August 6, 2015
By Achin Khanna and Rishabh Thapar Introduction The article evaluates the past performance and potential that leisure destinations hold for hotel development and why hotel investors must more actively look at leisure destinations across India. Travel and Tourism in India Where are the spends? India is well on its way to be the third-largest economy in the world after China and the USA and the direct contribution of Travel & Tourism to the country's GDP is forecast to grow by 7.2% per annum from `2,478.2 billion (2.2% of GDP in 2014) to `5,339.2 billion (2.5% of GDP) by 2025¹. According to the World Travel and Tourism Council (WTTC)...
Why is This New Report Scaring the #%*! out of Hotel Owners?
Tambourine | September 10, 2014
Hoteliers have always felt the pinch of paying third-party fees to attract and retain guests. Now – with the just released results of a multi-year hotel revenue study - that pinch has turned into a full-blown punch. The study, conducted by Hospitality Asset Managers Association and its resulting whitepaper, The Rising Costs of Customer Acquisition, sums it up: Costs associated with acquiring new hotel customers through distribution channels and marketing rose 2-3 times faster than hotel revenue growth. Here's what the Report uncovered: PROBLEMS More Players, Less Profits In addition to OTAs, meeting planners and bran...
Hotel Owners Must Remain Involved and Aware, Regardless of Brand, Location, Hotel Size or Market
John Hogan | January 21, 2014
By Dr. John Hogan, CHA CMHS CHE CHO January 21, 2014 "I can walk through a hotel lobby and watch people at the desk and see what they're doing. People don't look at me. They don't even know I'm there." Jerry Seinfeld Owning a hotel can be either a delight or a nightmare, as it requires both capital investment and an ongoing commitment to paying attention to what your guests want and need. As the CEO of a company that serves and interacts with literally hundreds of hotel owners annually, I am cognizant of many of the challenges facing them, but not all. Early in my career, I learned the concept behind what I came to call Hotel Common ...
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