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  • Members Only: 2018 HFTP Compensation and Benefits Report

    By Tanya Venegas, MBA, MHM, CHIA. Results to the biannual survey conducted by Hospitality Financial and Technology Professionals (HFTP). Information includes data on compensation and benefits trends for finance and technology professionals in the club and lodging industries.

  • Primary Club Metrics

    Survey results identify which metrics are most often used to determine performance. By Agnes DeFranco, Ed.D., CHAE; Tanya Venegas, MBA, MHM, CHIA; and Amanda Belarmino

  • Job Description Template: Club Accounting Positions

    The HFTP Americas Research Center has developed example job descriptions for club accounting positions. The process involved reviewing sample job descriptions, and compiling the information into standardized job descriptions.

  • Job Description Template: Club IT Positions

    The HFTP Americas Research Center has developed example job descriptions for club IT positions. The process involved reviewing sample job descriptions, and compiling the information into standardized job descriptions.

HREC Arranges Sale Of TownePlace Suites Chandler, AZ

Hotel Interactive ·19 October 2018
HREC Investment Advisors is pleased to announce it has arranged the sale of the 109-suite TownePlace Suites located in Chandler, Arizona. Peachtree Hotel Group has acquired the property. Peachtree Hotel Group operates, develops and invests in premium-branded, select- and limited-service and extended-stay hotel assets under the Marriott, Hilton, Hyatt, Choice and InterContinental Hotels Group flags. Peachtree’s current portfolio is comprised of 95 hotel assets totaling 11,849 rooms, including 39 real estate assets and 56 notes.

Not Resting On Their Laurels

Hotel Interactive ·18 October 2018
A restful night for guests is the top priority for any hotel and resort—be it a value-priced property or a five-diamond property. There are nearly as many ways for hotels/resort to help with a guest’s sleep experience as there are properties themselves.

Gehr Hospitality Acquires Two Hotels Located In Nashville

Hotel Interactive ·18 October 2018
Gehr Hospitality, a division of The Gehr Group, announced the acquisition of the 94-room Courtyard Nashville at Opryland and 109-room Fairfield Inn & Suites Nashville at Opryland.

Ares Management, SMW Hospitality & Trinity Investments Sell Ritz-Carlton, Kapalua In Maui

Hotel Interactive ·17 October 2018
A joint venture among funds managed by the Real Estate Group of Ares Management, L.P. (NYSE:ARES), SMW Hospitality LLC (a joint venture between affiliates of Square Mile Capital Management LLC (“Square Mile Capital”) and Wafra Inc.), and Trinity Real Estate Investments LLC, today announced the sale of The Ritz-Carlton, Kapalua in Maui, Hawaii, to Blackstone Real Estate Partners, an affiliate of Blackstone Group (NYSE: BX).

Ongoing Issue

Hotel Interactive ·16 October 2018
From the title, you may be perplexed and perhaps even think that this is contradictory. How can you reduce costs for something by increasing its overall utilization? The answer lies in the hidden costs associated with having to constantly train new associates due to high turnover.

Executive Insights

Hotel Interactive ·15 October 2018
A trio of long-time brand veterans took the stage at BITAC® Symposium last week to offer commentary on the current state of the lodging industry and the consensus was that the short-term outlook remains overwhelmingly solid, if not spectacular.

Aries Capital, LLC And Four Corners Advisors, Inc. Form Strategic Alliance

Hotel Interactive ·15 October 2018
Neil Freeman, chairman and chief executive officer of Aries Capital, LLC, and Michael Shindler, president and chief executive officer of Four Corners Advisors, Inc., are pleased to announce that the two Chicago-based firms have formed a strategic alliance to provide an end-to-end hotel advisory, transaction and financing platform for hotel developers and investors across the United States, Caribbean and other international markets.

Lowe Reaches Agreement To Sell Two Roads Hospitality To Hyatt Hotels

Hotel Interactive ·12 October 2018
Lowe and partner Geolo Capital have reached agreement to sell international lifestyle hotel company Two Roads Hospitality to Hyatt Hotels Corporation. Two Roads Hospitality is a global operator of independent, boutique and lifestyle hotels, resorts and vacation residences.

Arbor Lodging Partners, MBRE Healthcare And Metro Park Announce Joint Acquisition

Hotel Interactive · 9 October 2018
Executives from Arbor Lodging Partners, MBRE Healthcare, and Metro Park are pleased to announce the acquisition of a 352-room dual-branded hotel, 93,000 square foot medical office building, and 225-stall parking garage at 150 and 160 E. Huron Street, located a block from the Magnificent Mile and directly across from the Northwestern University Medical Campus in Chicago.

Accor/SBE Deal Has Closed

Hotel Interactive · 8 October 2018
Pryor Cashman client sbe Entertainment Group, the owner of major hospitality brands including SLS, Delano, Mondrian, Katsuya and Cleo, has closed on the strategic sale of a fifty percent interest in the company to Paris-based AccorHotels in a transaction valued at $319 million. The deal closed on October 5, 2018.

McNeill Hotel Investors Acquires Indianapolis Carmel Homewood Suites By Hilton

Hotel Interactive · 4 October 2018
McNeill Hotel Investors (“McNeill”) announced today that it has acquired the 137-room Homewood Suites by Hilton in Carmel, Indiana, expanding its geographic footprint to the Midwest and adding to the company’s existing portfolio of 18 hotels owned or managed by the affiliated McNeill Hotel Company. The announcement was made by Chief Executive Officer Phillip McNeill, Jr.

Doubling Down On Boutique

Hotel Interactive ·27 September 2018
The rapid brand extension efforts of Best Western Hotel & Resorts’ continued in earnest as the company officially unveiled two new boutique brands earlier this week at the Lodging Conference in Phoenix.

A Cautionary Tale

Hotel Interactive ·26 September 2018
Conference Chairman Harry Javer kicked off this year’s Lodging Conference yesterday by posing the question, “How much longer will the good times continue?” Unfortunately, while the answers from industry analysts varied to some degree, the overall takeaway is that both the U.S. economy, in addition to overall hotel growth, are expected to slowdown moving into 2019 and beyond.

Navy Lodge Fort Worth Renovates Lobby

Hotel Interactive ·25 September 2018
Navy Lodge Fort Worth, TX, recently finished a renovation to its lobby area. The renovation included a new front desk and breakfast bar with seating area as well as new furniture and fixtures. It also received new carpet, paint, lighting and signage. The new lobby design creates a modern and functional lobby space and is authentic to its Fort Worth location with Texas inspired finishes, custom artwork and accessories.

Choice Hotels Continues Comfort Transformation

Hotel Interactive ·25 September 2018
After unveiling a new logo for Choice Hotels International, Inc.'s (NYSE :CHH ) flagship brand in May, the Comfort brands' transformation journey continues to advance. More than 450 hotels in the U.S. Comfort brand portfolio are in the process of obtaining new brand signage and completing renovations to guest rooms and common areas for an overall refreshed look and feel.

Present And Accounted For

Hotel Interactive ·25 September 2018
Think the job of a hotel/resort general manager is all glamour? Try walking in his or her shoes. Better yet, try going to bed thinking about the same job-related issues they think about. Hint: It’s not counting sheep.

Prism Hotels & Resorts Continues Rapid Growth, Signs 8 New Management Contracts

Hotel Interactive ·24 September 2018
Prism Hotels and Resorts announced today that, continuing its exciting growth trajectory and expansion in working with great hotels across the country, it has acquired eight new management deals in Texas, Rhode Island, California and Arizona. Prism Hotels and Resorts’ President and CEO Steve Van made the announcement.

The Modular Movement

Hotel Interactive ·21 September 2018
There are a number of key factors to building a successful ground-up hotel in a high-barrier-to-entry market, but clearly cutting development costs and construction time are chief among them. This is why Hilton, along with owner and developer Southern Hospitality Services, LLC, have partnered on the first modular construction hotel in the San Francisco market.

How Do You Explain These NYC Room Rates Metrics?

Hotel Interactive ·20 September 2018
Like most every other role at a hotel, being an owner or investor has never been easy. This is perhaps nowhere more evident than in New York City where exorbitant construction costs mixed with steadily increasing wage rates, maintenance and depreciation can make the break-even point higher than practically any other locale on the continent. Thank goodness this is reflected in the average daily rates.

Apple Hospitality REIT Provides Hurricane Florence Update

Hotel Interactive ·20 September 2018
Apple Hospitality REIT, Inc. (NYSE: APLE) (the “Company” or “Apple Hospitality”) today provided an update on operations at its hotels in the path of Hurricane Florence.

Azul Hospitality Group And Pinnacle Hotels USA Forge A Relationship

Hotel Interactive ·19 September 2018
Azul Hospitality Group (Azul) and Pinnacle Hotels USA (Pinnacle) announced today they have entered into an agreement for Azul to manage eight Pinnacle properties under a long-term contract.

Brand Building

Hotel Interactive ·19 September 2018
Building a brand is not for the faint of ‘heart,’ so to speak, but apparently no one told David Hart as he has continues to methodically build up the company’s Harbor Hotel Collection with unique resort destinations.

Crescent Hotels & Resorts And Aliz Group Announces Management Team For Aliz Hotel Times Square

Hotel Interactive ·17 September 2018
Aliz Group announced today the appointment of the new management team who will oversee day-to-day operations at the group’s flagship property, Aliz Hotel Times Square, which is managed by Crescent Hotels & Resorts.

Hotel Equities Joins Forces With Virtua Partners

Hotel Interactive ·12 September 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.

MCR Sells Downtown St. Louis Hillton

Hotel Interactive ·10 September 2018
MCR, the sixth-largest hotel owner-operator in the United States, has sold the 195-room Hilton St. Louis Downtown at the Arch, located at 400 Olive Street in St. Louis, Missouri. The firm purchased the hotel in December 2016.

Pebblebrook Hotel Trust Comments On Determination by Board of LaSalle Hotel Properties

Hotel Interactive · 6 September 2018
Pebblebrook Hotel Trust (NYSE: PEB) (“Pebblebrook”) today commented on the determination by the Board of Trustees of LaSalle Hotel Properties (NYSE: LHO) (“LaSalle”) that the Pebblebrook proposal of August 21, 2018 constitutes a “Superior Proposal” under the merger agreement LaSalle entered into with affiliates of The Blackstone Group L.P. (NYSE: BX) (“Blackstone”).

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