hotel ownership
IHG Hotels & Resorts Launches IHG LIFT Program to Drive Growth Opportunities for Diverse Owners
IHG | August 23, 2023
More than $30 million committed to help unlock paths to hotel ownership ATLANTA (August 23, 2023) – IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today introduced IHG LIFT, an owner growth program focused on creating more hotel development support for historically under-represented groups within the hospitality industry, and further diversifying IHG’s hotel owner community. The company’s new program will help unlock common barriers to hotel ownership among these groups and empower diverse owner-entrepreneurs for success. IHG will commit more than $30 million over the next five years to support...
San Manuel Band of Mission Indians Acquires Ownership Interest in Waldorf Astoria Monarch Beach Resort & Club
San Manuel Band of Mission Indians | June 6, 2023
San Manuel Indian Reservation Near Highland, CA (June 6, 2023) - The San Manuel Band of Mission Indians (“SMBMI” or “San Manuel” or “Tribe”) today announced that the San Manuel Investment Authority (“SMIA”) through its affiliated entities acquired an ownership interest in the newly renovated Waldorf Astoria Monarch Beach Resort & Club (“Waldorf Astoria Monarch Beach” or “Waldorf Astoria”) in Dana Point, Calif. One of Southern California’s iconic luxury resort destinations, Waldorf Astoria Monarch Beach will be the Tribe’s latest addition to its expanding resort portfolio. “Investing in a luxury destinati...
First 19 Development Projects Announced Under Marriott’s Bridging the Gap Program
Marriott International | April 26, 2023
As part of Marriott International’s (Nasdaq: MAR) ongoing commitment to diversity, equity and inclusion, the company today announced that the first 19 projects receiving financial support and other incentives through “Marriott’s Bridging the Gap” program will include the company’s Aloft Hotels, Autograph Collection, Fairfield Inn & Suites, Residence Inn, SpringHill Suites, TownePlace Suites and Tribute Portfolio brands. The program, announced in 2022 with a $50 million initial investment from Marriott, aims to build a more diverse Marriott owner and franchisee community by addressing barriers to entry in hotel ownership among hi...
She Has a Deal Announces 2023 Pitch Competition Finalists
She Has a Deal | April 6, 2023
McLean, Va., April 6, 2023 — Officials of She Has a Deal today announced the five finalist teams of the Early Career track selected to advance to the final round of SHaDPitch 2023. The annual hotel investment pitch competition allows teams of early career women to compete for the prize of $50,000 of equity in SHaD’s Prosperity Fund I, following the conclusion of a virtual, preliminary round of pitching. The goal of She Has a Deal is to increase the number of women owning and developing hotels. The organization is an ecosystem that offers inspiration and education through its EdTech platform to channel the power of collaboration and men...
Banyan Investment Group Rebrands as Satori Collective
Satori Collective | March 27, 2023
ATLANTA--Officials of the former Banyan Investment Group today announced that the firm is rebranding as Satori Collective, an investment management firm focusing primarily on hotel property investment. Additionally, the company has spun off its property management platform to become Aperture Hotels, an independent, third-party hotel management company. Moving forward, Satori and Aperture will work independently of one another. “Satori is a Buddhist term meaning ‘awakening and deep understanding,’ which is how our team approaches commercial real estate investment,” said Andy Chopra, co-founder and managing partner, Satori. “With m...
Breaking Barriers: Wyndham’s Women Own the Room Signs Over 30 Hotels in First Year
Wyndham Hotels & Resorts | March 22, 2023
PARSIPPANY, N.J., March 22, 2023 -- Wyndham Hotels & Resorts, the world's largest hotel franchising company with approximately 9,100 hotels spanning more than 95 countries, today announced the continued momentum of its groundbreaking "Women Own the Room" program, which in its inaugural year, has signed more than 30 hotels across the U.S. and Canada, 10 of which are now open. The first-ever program by a major hotel company specifically targeting women's advancement in hotel ownership, Women Own the Room is designed to advance and empower women entrepreneurs to break through the predominantly male-dominated hotel indust...
The Latino Hotel Association Releases Inaugural Hotel & Entrepreneurship Investment Report
The Latino Hotel Association | February 16, 2023
The LHEI Report highlights the power of Hispanic entrepreneurship and closing the opportunity gap faced by Latinos in hotel and hospitality ownership SANTA FE, N.M., Feb. 16, 2023 -- The Latino Hotel Association released the 2023 inaugural Latino Hotel and Entrepreneurship Investment (LHEI) Report showcasing data and research detailing Hispanic entrepreneurship, economic and population growth, and specific opportunities and barriers to Latino business ownership within and outside the hospitality industry. The LHEI report advocates for specific policy needs necessary for Latinos to navigate the steps required to own and invest successful...
Hoteliers Can Regain Industry Control
Thomas Magnuson | December 5, 2022
By Thomas Magnuson Before 2001, the hotel industry was stable. Owners dealt with seasonality and some occasional minor economic swings, but they could always count on a rebound. Whether operating as a branded or independent hotel, business was built like a layer cake. First, marketing began close to home by identifying all non-leisure business segments within a 50-mile radius of the hotel, such as corporations, factories, industries, energy, construction, transportation, medical, government and educational entities. Direct contact and an offer of direct rates built a base of approximately 50% of the property’s occupancy, coverin...
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