advertisement

New Owner for Ritz-Carlton, Grand Cayman; Avendra Is Sold; More...

hotelbusiness.com·Requires Registration - 17 October 2017
Marriott International has revealed that the owners of Avendra LLC have reached a binding agreement to sell Avendra to Aramark for $1.35 million. After redemption of management participation rights, transaction costs, and repayment of Avendra’s outstanding debt, Avendra’s founding shareholders—Marriott, Hyatt, Accor, ClubCorp and IHG—expect to receive approximately $1.18 million in cash proceeds from the transaction. Marriott expects to receive approximately $650 million for its 55% interest in Avendra.
commercial

Avoiding the Bed Bug Lawsuit

hotelbusiness.com·Requires Registration - 17 October 2017
There is nothing magical about avoiding a bed bug lawsuit. Lawsuits are the same as war in the sense that they represent the parties’ failures in diplomacy or dispute resolution. Lawsuits, like war, are for the most part, avoidable.
commercial

Hotel Deals to Know

hotelbusiness.com·Requires Registration - 16 October 2017
Construction and sales are in view today. Here’s three deals to know about. Construction Loan for Residence Inn by Marriott in Mesa, AZ Hall Structured Finance (HSF) closed a new first-lien construction loan totaling $17.3 million to finance the development of a 127-room Residence Inn by Marriott in Mesa, AZ. This is the first hotel loan that HSF has closed in Arizona. Suky and Jas Khangura, co-owners of Khangura Hotels, are the project developers. The four-story extended-stay hotel is located across from the Mountain Vista Medical Center.
commercial

Four International Properties Get a Visual Upgrade

hotelbusiness.com·Requires Registration - 16 October 2017
Hotel brands like Avani, The St. Regis and others are enhancing properties abroad, some to further underscore luxury service and others to revitalize spaces. Here’s a look at four of them:

What Women Want: The Key to Attracting the Female Traveler

hotelbusiness.com·Requires Registration - 12 October 2017
MGallery by Sofitel, in an effort to enhance its Inspired by Her offering, partnered with IPSOS, a global marketing research company, for an in-depth study that examined the habits and requirements of the female traveler. Close to 3,000 participants in four countries-France, Italy, Great Britain and Australia-were surveyed on the specific expectations of women staying The post What Women Want: The Key to Attracting the Female Traveler appeared first on Hotel Business.

Hoteliers Share Dispatches from California Wildfires: 'This Is Not Over'

hotelbusiness.com·Requires Registration - 12 October 2017
Editor's Note: This story will be updated as the news progresses. NAPA VALLEY, CA-The wildfires are still raging in the region, causing the death toll to climb, evacuations of homes and businesses, as well as the shut down of hotels and resorts in Napa and Sonoma Valleys. Impact on Hotels For many businesses in the The post Hoteliers Share Dispatches from California Wildfires: 'This Is Not Over' appeared first on Hotel Business.
commercial

Financing Found; Double-Deal Awaits

hotelbusiness.com·Requires Registration - 11 October 2017
Money keeps moving the needle on hoteliers’ plans and a double-deal awaits interested investors in North Dakota. Aries Conlon Capital has arranged an $8.875-million, non-recourse bridge loan for the refinance and conversion of a select-service hotel at 200 N. Admiral Byrd Rd. near Salt Lake City’s International Airport to a full-service Four Points by Sheraton. The two-year, interest-only loan includes an option to extend one additional year and was secured on behalf of Boise, ID-based TNB Hotels.

Today's Luxury Travelers Seek Experiences, Not Pampering

hotelbusiness.com·Requires Registration - 11 October 2017
Not long ago, luxury travel mainly meant first-class transportation, plush accommodations, and dining nightly at five-star restaurants. It was an aspiration that few could ever hope to achieve. But according to the L.E.K. 2017 Luxury Travel Study, that has begun to change. The survey of 1,972 U.S. travelers aged 17 and older, conducted online during the first quarter, shows that across-the-board pampering is no longer everyone’s ideal, and luxury now has different definitions for different people.

Marriott Strengthens Presence in Africa

hotelbusiness.com·Requires Registration - 10 October 2017
From the Africa Hotel Investment Forum (AHIF) in Kigali, Rwanda, Marriott International has revealed further expansion plans in Africa with seven new hotel signings. Marriott International made a significant investment in Africa with the acquisition of Protea Hotels for $210 million in 2014. The company is targeting more than 200 hotels with 37,000 rooms open or in the pipeline by 2022, equating to around $8.5 billion of capital investment by its real estate partners, according to the brand.

Pairings: Hotel Brands Put a Twist on F&B Offerings

hotelbusiness.com·Requires Registration - 10 October 2017
IHG (InterContinental Hotels Group) has revealed its culinary collaboration between the Staybridge Suites brand and celebrity chef Carla Hall. A continuation of the brand’s Hugely Different campaign that launched in May, Carla Hall, co-host on ABC’s The Chew, created five exclusive recipes guests can recreate while staying at a Staybridge Suites hotel. All Staybridge Suites properties have full-size appliances in the kitchen and spacious guestrooms.
commercial

Marriott International Launches Club Marriott in Asia-Pacific

hotelbusiness.com·Requires Registration - 9 October 2017
Marriott International has launched the new Club Marriott here, a dining loyalty program that integrates Club Marriott, Eat Drink & More and Star Privilege into a single paid membership program. The newly combined Club Marriott provides members with more choices and benefits whenever they dine out in their hometowns or visit one of the 250 participating hotels across 16 brands in 13 countries across the region, with more hotels joining every month.

10 reasons to get a PDP Certification from Cornell University

hotelbusiness.com·Requires Registration - 9 October 2017
Participants from around the world have found that the Cornell University School of Hotel Administration delivers the most sophisticated executive education courses to the hospitality industry. From line-level managers to senior executives, the Professional Development Program (PDP) at Cornell is certain to provide hospitality professionals with the lifelong learning opportunities necessary to advance business and personal success.
commercial

Helping Hotel Guests Breathe Easier

hotelbusiness.com·Requires Registration - 7 October 2017
Pure Solutions is striving to help guests breathe easier, using purification technology designed to create an environment suitable for asthma or allergy sufferers. Sharing the company’s origin story, CEO Brian Brault said it all started 13 years ago when a Swedish engineer was tasked to come up with a way to create a healthier, more sustainable environment inside the cabins of cruise ships.
commercial

Coppola's Hideaway Has a Big Solution to Costly AC

hotelbusiness.com·Requires Registration - 7 October 2017
When visiting a far-flung island destination, guests might imagine the sounds of cool breezes and crashing waves—not a loud air conditioner. Also, it can be costly and simply not sustainable to run one on-property.
commercial

What Should We Do? Tastemakers Tell You

hotelbusiness.com·Requires Registration - 7 October 2017
What should we do? It’s a common question. For hotels without a concierge, it’s also a challenge. Tony Award-winning theater producer Arielle Tepper Madover has a solution.
commercial

Industry Leaders Go #OffTheCuff with Hotel Business

hotelbusiness.com·Requires Registration - 7 October 2017
So, as a reader of Hotel Business and a member of this industry, you surely know about all the happenings in the world of hotels: who was promoted; what property opened or what soft brand launched; where the hot markets are; when the next conference is; and how the latest technology can propel your business. But do you know who wanted to be a fighter pilot growing up? Or which hotel executive prefers coffee in his room rather than the lobby? Do all the C-suiters who support social media for their companies use it in their personal lives?
commercial

Hold Please: Here's How to Make Waiting Easier on Guests

hotelbusiness.com·Requires Registration - 7 October 2017
No one likes to wait. It can be downright unbearable. The act of not having to wait—anytime or anywhere—can signify privilege, importance or even elite status. It’s that feeling when you skip the long lines for the most coveted thrill rides at Disneyland. However, for most people, the reality is that waiting is a fact of life.

Hilton Garden Inn Surpasses 750 Hotels Worldwide

hotelbusiness.com·Requires Registration - 6 October 2017
Hilton Garden Inn has added new hotels to its U.S. roster, expanding the number of properties available for autumn adventurers. In September alone, Hilton Garden Inn opened six new U.S. hotels in Alabama, Arkansas, Kansas, New York, North Carolina and Texas. With these six properties—and another three that opened internationally —Hilton Garden Inn now has more than 750 hotels worldwide. The September U.S. openings include Hilton Garden Inn NYC Financial Center/Manhattan Downtown; Hilton Garden Inn Houston-Baytown; Hilton Garden Inn Charlotte/South Park; Hilton Garden Inn Little Rock Downtown; Hilton Garden Inn Birmingham Downtown; and Hilton Garden Inn Salina.

Hotel Companies Turn to Tech to Attract Travelers, Maximize Revenue

hotelbusiness.com·Requires Registration - 6 October 2017
Technology is an integral part of running a hotel. Here’s a look at some of the solutions providers that hotel companies have chosen to team up with recently.

HB ON THE SCENE: Should I Break Up With My Property?

hotelbusiness.com·Requires Registration - 6 October 2017
Falling in love is a potential outcome of the chase. Despite the vows—or terms—both parties agree upon, the partnership isn’t permanent. There are times when it’s best to call it quits to avoid additional loss (whether it be emotional or financial). Knowing when and how to break up can help streamline the process. As for how this all applies to real estate, the tale’s often similar.
commercial

Shape-Shifting the Industry to Drive Revenue, Maintain Parity

hotelbusiness.com·Requires Registration - 6 October 2017
It’s a delicate dance, staying in rate parity with OTAs while maximizing revenue, and Best Western Hotels & Resorts has found a new partner: OTA Insight. The global hotel company has chosen OTA Insight to employ its hospitality revenue maximization technology solutions. Based in London, OTA Insight got its start five years ago when the company’s three founders—Adriaan Coppens, Gino Engels and Matthias Geeroms—began working on a solution to provide intuitive and leading-edge hotel revenue management technology. They started with the data.

Hotel Deals Keep Money Moving

hotelbusiness.com·Requires Registration - 6 October 2017
Funding is keeping the fun flowing for hoteliers, from multi-property owners to those with one-offs. Sonnenblick-Eichner Co. arranged $135.78 million of non-recourse, first-mortgage financing for 11 of Memphis-based Cooper Hotels’ properties, representing 2,037 rooms. The hotels—all Hilton, Inc. brands—include full-service, select-service, extended-stay and limited-service hotels in Florida, Michigan and Tennessee.
commercial

Xenia Hotels & Resorts Acquires Three Hotels for $410M

hotelbusiness.com·Requires Registration - 5 October 2017
Xenia Hotels & Resorts Inc. has acquired three properties: Hyatt Regency Scottsdale Resort & Spa at Gainey Ranch, a 493-room upper-upscale resort in Scottsdale, AZ; Royal Palms Resort & Spa, a 119-room luxury resort that is part of The Unbound Collection by Hyatt, located in Phoenix; and The Ritz-Carlton Pentagon City, a 365-room luxury hotel located in Arlington, VA. The company acquired the first two hotels from affiliates of Hyatt Hotels Corporation for a combined purchase price of $305 million, or approximately $498,350 per key. The Ritz-Carlton was purchased for $105 million, or approximately $287,670 per key.
commercial

Hilton, Marriott Sport New-Builds and Openings

hotelbusiness.com·Requires Registration - 5 October 2017
Hotel Business takes a look at recent hotel openings and new-builds from the Marriott and Hilton family of brands. Here are three of them:
commercial

Reduce the Risk: Safety Measures to Mitigate Active Threats

hotelbusiness.com·Requires Registration - 4 October 2017
Following the tragedy at the Mandalay Bay Resort and Casino—the deadliest mass shooting in modern U.S. history—hotels and other public venues are taking stock, determining ways to increase guest safety and minimize the threat of an active-shooter situation on property.
commercial

Report: U.S. Lodging Industry Fees and Surcharges Forecast to Increase to New Record in 2017

hotelbusiness.com·Requires Registration - 3 October 2017
According to a trend analysis report by Bjorn Hanson, clinical professor at NYU’s Jonathan M. Tisch Center for Hospitality and Tourism, the total number of fees and surcharges collected by U.S. hotels are forecast to increase this year to a record level of $2.7 billion. In 2016, fees and surcharges totaled $2.6 billion. These amounts were estimated based on selected interviews with industry executives and corporate travel executives, analysis of industry financial data, press releases and information available on hotel and brand websites.

Newletter

Thank you for subscribing. Your email address has been added to our mailing list.
Close
To subscribe to the Club Bytes Newsletter please enter your email address below.
An error occured, please check your input and try again.
CancelSubscribe