Lodging

MARCH 4, 2024

MILWAUKEE—Marcus Hotels & Resorts announced that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel. The terms of the transaction were not disclosed.

Closing 173

Closing Real Estate Resorts Hotels 173

Hospitality Net

FEBRUARY 22, 2024

BeCause, the Danish start-up transforming how the global hospitality, travel, and tourism industries manage their sustainability data, has secured a $600,000 (€556K) tail-end investment from Dutch investor Curiosity VC to close their seed round. This latest investment brings the company’s total seed funding to $2.5 and other investors.

Closing 230

Closing Tourism Travel Management 230

Lodging

APRIL 29, 2024

announced that it has closed on the sale of the 85-room Hampton Inn in Lawrenceville, Georgia for $8.1 The company also announced the transfer of the company’s […] The post Ashford Hospitality Trust Closes on Hotel Sale, Gives Asset Update appeared first on LODGING Magazine. DALLAS, Texas—Ashford Hospitality Trust, Inc.

Net Operating Income 147

Net Operating Income Closing Hotel Sales Sales 147

Hotel Financial Coach Blog

NOVEMBER 26, 2023

So that is what this one is about, one of those moments where a financial […] The post Hospitality Financial Leadership – Closing Costs first appeared on Hotel Financial Coach. Not too many earth-shattering activities, but one on the money side stands out.

Closing 147

Closing Hospitality Hotels Management 147

Skift Blog

JUNE 6, 2023

In February, Americans were close to traveling internationally as much as they did in 2019, according to the National Travel and Tourism Office’s latest In February, Americans were close to traveling as much as they did in 2019, according to the National Travel and Tourism Office’s latest data.

Closing 215

Closing Travel Tourism 215

Hospitality Net

MARCH 4, 2024

Marcus® Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation (NYSE: MCS), announced today that it, Hempel Real Estate, and Robinson Park have closed on the acquisition of the Loews Minneapolis Hotel.

Real Estate 264

Real Estate Closing Resorts Hotels 264

Hotel Management

JULY 1, 2024

Landmark WA hotel Hyatt Regency Perth is set to close its doors next month after 36 years in operation with its Singapore-based owner Tuan Sing Holdings Limited seeking to embark on a new hospitality direction.

Closing 264

Closing Hospitality Real Estate Occupancy 264

Anthony Cole Training

MAY 21, 2021

We recorded a video on Laying the Foundations for the 8 Steps to More Effective Closing to close more business more quickly with higher margins. And we talked about the foundation. Today we are going to get into the actual 8 Steps of Becoming an Extraordinary Closer.

Closing 242

Closing Business Sales 242

Lodging

JANUARY 11, 2024

ATLANTA, Georgia—Noble Investment Group announced that it held the final closing for Noble Hospitality Fund V, L.P. Noble Fund V). This is the fifth of Noble’s flagship series of real estate funds focused on value-added investments in select-service and extended-stay hotels across the United States. Noble Fund V was oversubscribed with $1.0

Closing 182

Closing Real Estate Services Hospitality 182

Hospitality Net

SEPTEMBER 26, 2023

SkyStem, a leading solution in financial month-end close solutions, is releasing a Buyer’s Guide to help accounting teams navigate the daunting process of selecting a month-end close solution. This guide makes it easy for those who are interested in evaluating and selecting a month-end close solution.

Closing 188

Closing 188

Hospitality Net

NOVEMBER 1, 2023

the leading tech-powered hospitality brand, today announced the close of a $70 million Series C fundraise. Kasa Living, Inc., Citi Ventures and FirstMark Capital led the all equity round with participation from new investors New York Life Ventures and Fireside Investments.

Closing 236

Closing Branding Hospitality 236

Lodging

NOVEMBER 15, 2023

NEW YORK—MCR Hotels, Island Capital Group, and JLL’s Hotels & Hospitality Group announced that MCR and Island have closed on a $260 million refinancing of the 1,780-key Sheraton New York Times Square. The new financing was provided by funds managed by affiliates of Fortress Investment Group LLC.

Closing 173

Closing Management Hospitality Real Estate 173

Skift Blog

FEBRUARY 27, 2024

Skift Take: Flight Centre wanted to cut a money-losing division and refocus on a higher-end luxury client. RIP Gogo Vacations. Dennis Schaal Read the Complete Story On Skift

Closing 278

Closing Travel 278

Hospitality Net

APRIL 21, 2023

Singapore-based Mindverse AI kicked off its Closed Beta Launch of MindOS, its debut tool for creating customized virtual characters for hospitality and e-commerce. A recording of the closed beta launch can be accessed here.

Closing 202

Closing Hospitality 202

Skift Blog

FEBRUARY 2, 2024

Skift Take: Barring last-minute entries, Booking.com may be the only travel company advertising nationally during Super Bowl 2024. However, given that Booking.com's annual sales and marketing spend exceeds $7 billion, the expense is certainly doable. Dennis Schaal Read the Complete Story On Skift

Closing 278

Closing Sales Market Marketing 278

Lodging

MAY 10, 2023

BETHESDA, Maryland—Pebblebrook Hotel Trust announced that it closed on the sale of the 189-room Hotel Monaco Seattle in Seattle, Washington, for $63.3 Based on the hotel’s operating […] The post Pebblebrook Hotel Trust Closes Sale of Hotel Monaco Seattle appeared first on LODGING Magazine. million to a third party.

Net Operating Income 147

Net Operating Income Closing Sales Hotels 147

Hospitality Net

JUNE 11, 2024

Obtaining leverage through debt financing is key to achieving the desired equity return on a hotel acquisition. The reduced availability and prevailing high cost of traditional loans are forcing buyers to be creative and consider alternative strategies to seize an acquisition opportunity. This article presents a few of these alternatives.

Closing 176

Closing Hotels 176

Hospitality Net

NOVEMBER 17, 2023

KWC Management, LLC, the hospitality investment management company of Kemmons Wilson Companies, today announced its acquisition of the storied Montage Kapalua Bay, following an engagement that began in the early spring. Montage Kapalua Bay has consistently been ranked among the top resorts on Maui and throughout the state of Hawaii.

Closing 277

Closing Management Resorts Hospitality 277

Hospitality Net

MARCH 4, 2024

NYSE:TNL), the world’s leading membership and leisure travel company, has successfully closed the acquisition of the vacation ownership business of global hospitality giant Accor (AC:FP). Travel + Leisure Co. The acquisition is expected to be immediately accretive to Travel + Leisure Co. earnings.

Closing 100

Closing Travel Business Hospitality 100

Hospitality Net

JUNE 2, 2023

Although they would like to deny it, Gen Zs and Millennials do have one very important thing (for you!) in common: just like the Millennials before them, Gen Zs are highly motivated by travel and will spend as much of their disposable income on it as possible.

Closing 246

Closing Travel 246

Hotel Management

NOVEMBER 5, 2023

YHA Australia is pulling the promotion of close encounters-style wildlife activities to guests as part of efforts to prioritise wildlife wellbeing and education. The post YHA pulls promotion of close encounters activities in favour of responsible wildlife watching appeared first on Hotel Management.

Closing 162

Closing Tourism Accommodation Travel 162

Hospitality Net

JULY 7, 2023

HyperGuest, a leading technology platform for the hospitality industry, announced today that it has successfully closed a $23 million Series A funding round.

Closing 189

Closing Hospitality Accommodation Travel 189

Skift Blog

MARCH 4, 2024

Skift Take: To verify 7.7 million listings, as untold numbers are constantly dropping off and new ones are added in more than 220 countries, is a daunting task. By its nature, this will be an imperfect process. Dennis Schaal Read the Complete Story On Skift

Closing 284

Closing Cancellation Travel 284

Hotel Business

FEBRUARY 6, 2024

Commercial real estate investment firm Peachtree Group has closed its third hotel property structured as a Delaware Statutory Trust (DST) with the completed acquisition of its 98-key Hilton Garden Inn Jackson in Jackson, TN. ” The post Peachtree Group closes third Delaware Statutory Trust appeared first on hotelbusiness.com.

Closing 111

Closing Real Estate Retail Sales 111

Hospitality Net

NOVEMBER 27, 2023

In my life, there are few if any financial moments that have created a lasting positive memory. At least that is how it has been for me. Not too many earth-shattering activities, but one on the money side stands out.

Closing 176

Closing Hospitality 176

Hotel Business

JULY 10, 2024

The historic, 208-room property is located in Newport’s Historic Hill neighborhood inland of the harbor in the center of Downtown Newport, close to the International Tennis Hall of Fame and water activities on the marina, as well as several local beaches. It features an indoor pool with a whirlpool, fitness center and more than 14,000 sq.

Closing 59

Closing Real Estate Hotels Events 59

Skift Blog

SEPTEMBER 29, 2023

Skift Take: U.S. National Parks — one of America's most vital attractions — would become unavailable to millions of tourists and locals. Dawit Habtemariam Read the Complete Story On Skift

Closing 278

Closing Tourism 278

Hospitality Net

OCTOBER 9, 2023

Wyndham Hotels & Resorts, the world’s largest hotel franchising company with approximately 9,100 hotels across more than 95 countries, today announced the upcoming opening of the upscale 178-room Dolce by Wyndham Versailles - Domaine du Montcel.

Closing 233

Closing Hotels Resorts 233

Hotel Business

JUNE 7, 2024

TMGOC Ventures and Willow Street Capital (WSC) have closed on the land site and construction financing for a new Extended Stay America Premier Suites hotel in Jacksonville, FL. The 124-key property will be codeveloped with WSC on a two-acre site close to the Jacksonville International Airport.

Closing 59

Closing Construction Hotels Management 59

Hospitality Net

MAY 22, 2023

According to the latest Europe Hotel Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts at LE report that at the close of the first quarter, the country’s hotel construction pipeline stands at 1,776 projects/266,901 rooms.

Pipeline 182

Pipeline Construction Closing Hotels 182

Anthony Cole Training

MARCH 7, 2019

There are many instances throughout the sales process where trial closes are appropriate to identify the prospects true compelling reason to make a change. Great salespeople are masterful at asking open-ended, courageous questions of their prospects that either lead them towards, or away, from saying "yes" to their solution.

Closing 153

Closing Sales Process Sales Business 153

Skift Blog

APRIL 3, 2023

Skift Take: If American Airlines CEO Robert Isom is true to his word about matching Delta's pay rates for its pilots, American would certainly be paying a substantial sum in its new contract. Rashaad Jorden Read the Complete Story On Skift

Closing 252

Closing 252

Hospitality Net

MAY 22, 2023

Disney’s $2,400-a-night Star Wars hotel, which opened to much fanfare just over a year ago, is set to close in September. The Star Wars: Galactic Starcruiser, which launched in Walt Disney World in Orlando, Florida, on 1 March 2022, was initially marketed as an immersive experience.

Closing 187

Closing Hotels Market Marketing 187