Hotel Business

APRIL 27, 2023

In the latest United States Construction Pipeline Trend Report from Lodging Econometrics (LE), analysts report that construction pipeline projects in the U.S. continue to increase, standing at 5,545 projects/658,207 rooms at the close of Q1 2023. construction pipeline at Q1. construction pipeline at Q1.

Pipeline 98

Pipeline Construction Scale Closing 98

Hotel Management

MAY 31, 2023

Architects Tonkin Zulaikha Greer had designed plans for the Randle Street hotel and worked with owners for close to four years to get the project over the line. Architect Tim Greer said construction had been imminent prior to the devastating fire. “I

Construction 246

Construction Hotels Closing Business 246

Hotel Management

JANUARY 9, 2024

Our growth strategy is asset-right, across leased, franchised and managed business models and we’ve also been seeing more opportunities for conversion projects. We’ve also added local language capabilities and local management offices to better serve our owners in each market. What segments are primed for growth in this region?

Pipeline 264

Pipeline Construction Branding Marketing 264

Hotel Management

FEBRUARY 12, 2024

Crystalbrook Collection has invested in excess of $1bn in Australia where we operate close to 2,000 rooms, including those under development. Construction is expected to commence in the third quarter of 2024.

Marketing 278

Marketing Market Hotels Tourism 278

Hotel Management

AUGUST 9, 2023

The neighbourhood hotel, which is already under construction, will be part of The Queensbridge Building, which will feature 367 residential apartments, lush gardens and private rooftop terraces when completed. Hotel, which will operate under the Collection by TFE Hotels brand. Across its 10 levels, Hannah St.

Construction 246

Construction Hotels Branding Shopping 246

Hotel Management

NOVEMBER 12, 2024

Market challenges “It’s been probably one of the most challenging periods of time in Australian history to develop property,” Sanjana said citing the pandemic, planning hurdles, record high construction pricing, rising interest rates and inflation. “We

Construction 130

Construction Accommodation Hiring Pipeline 130

Hotel Business

MAY 18, 2023

Over the last 12 months, new hotel construction projects, announced renovations and brand conversions continued to grow, with renovation and conversion activity hitting record highs quarter-over-quarter (QOQ). Over the last year, new hotel construction projects, renovations and brand conversion announcements have increased significantly.

Construction 98

Construction Pipeline Marketing Market 98

Hotel Management

MARCH 10, 2024

Located within Woolooware Bay Town Centre – a precinct that includes a shopping centre, waterfront parklands, a shared pedestrian/cycle path, outdoor fitness zones and children’s playground – Quest Woolooware Bay is close to the ocean, golf courses and PointsBet Stadium.

Shopping 279

Shopping B2B General Manager Retail 279

Hotel Management

MARCH 30, 2023

Almost a year on from the opening of its first Australian property in Melbourne’s trendy inner-city suburb of Collingwood, and with another under construction in Bondi Junction, the brand is exploring further opportunities for growth – in dynamic metropolitan neighbourhoods. Whatever happens, we’ve gone through that.

Construction 246

Construction Branding Occupancy Business 246

Hotel Business

AUGUST 18, 2023

Arriba Capital recently closed a $52.5 million ground-up construction loan for a Holiday Inn Express and Staybridge Suites dual-brand property in the central business district (CBD) of Houston. The property is being developed and managed by Houston-based Neway Hospitality. The post Arriba Capital closes $52.5M

Construction 52

Construction Closing Dining Hotels 52

Hotel Management

JULY 30, 2024

The Crystalbrook Sam project will create over 100 new jobs during the construction period, and an estimated 120 new jobs once the hotel is operational.” Today is an important milestone as we commence construction on our first hotel development for the Samaras Group,” said Group Chief Executive Officer, Chris Samaras. “We

Construction 162

Construction Tourism Shopping Operations 162

Hotel Business

AUGUST 2, 2023

Peachtree Hospitality Management (PHM) has assumed management of the 105-suite SpringHill Suites Dallas Rockwall in Texas. The assignment is part of PHM’s agreement with TEKMAK Development Company , a full-service hospitality development company, to provide third-party management services for a portion of its hotel portfolio.

Management 96

Management Market Share Hospitality Management Construction 96

Hotel Management

APRIL 23, 2024

Our Retreats are ideally located a stone’s throw away from the historic town centre and close to some of the region’s best wineries and restaurants, so guests can immerse themselves in the beauty of Mudgee and then relax at the end of the day in the ultimate in comfort and sustainability.”

Resorts 147

Resorts Construction Accommodation Closing 147

Hotel Management

MAY 2, 2023

The conference presented a deep dive into the world of hotel design and construction, from humble lead-free tap fittings to the ground-up construction of state-of-the-art environmentally efficient buildings. Recent spiralling construction costs and the management of consultants also provoked reactions from our panel.

Construction 246

Construction Hotels Events Operations 246

MediaBoom

JULY 19, 2023

Construction marketing is a must, as digital marketing resource WebFX reports that seven million people per month will use Google to search for contractors. What is marketing for construction companies? Marketing services can assist construction businesses in achieving their goals. What Is Construction Marketing?

Construction 70

Construction Marketing Strategy Marketing Market 70

Hotel Business

MARCH 27, 2025

Highlights for the year included opening three newly constructed hotels totaling 435 rooms, as well as completing approximately $15.3 Additionally, the company has begun selectively seeking strategic partnerships with other hotel ownership groups. million in renovations across four of our Marriott-branded hotels.

Hospitality 85

Hospitality Branding Scale Construction 85

Hotel Designs

NOVEMBER 25, 2024

Hotel Designs PODs from Stonebathwear – a game changer for bathroom construction PODs from Stonebathwear – a game changer for bathroom construction In today’s fast-paced construction industry, efficiency, quality and sustainability have become more crucial than ever.

Construction 59

Construction Intent Consumer Closing 59

Hotel Management

AUGUST 5, 2024

First up, Maitland is located in one of the fastest growing regional areas in New South Wales, and this growth has been accompanied by a wide range of construction and development projects in both the residential and commercial space. “We settled on this location as our first regional property for several reasons.

Tourism 147

Tourism Construction Retail Accommodation 147

eZee Absolute

DECEMBER 7, 2023

Revenue management (RM) is supremely necessary for hotels. I kid you not, most of the hotels refrain from opting for any sort of revenue management services. The hotel revenue management myths that are swirling around are the real reasons hotels are so skeptical about it. Do not shy away from revenue management.

Revenue Management 98

Revenue Management Revenue Management Overbooking 98

Hotel Business

JUNE 5, 2025

JLL worked on behalf of Newbond Holdings to secure a five-year, floating-rate loan provided by funds managed by affiliates of Fortress Investment Group. Originally constructed in 1965 as a bank branch, the nine-story building was converted into a hotel in 2014. meeting room, a gym and on-site valet parking.

Construction 59

Construction Closing Hospitality Management 59

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

Hotel Business

MAY 3, 2023

Palladius Capital Management , a vertically integrated real estate investment manager focused on pursuing multifamily, student housing, hospitality and select thematic investment strategies, in joint-venture partnership with Marquee Funding Group , has originated a $11.5-million The 22,000 sq.-ft.

Construction 59

Construction Real Estate Retail Shopping 59

Hotel Business

SEPTEMBER 18, 2023

CIM Group , a community-focused real estate and infrastructure owner, operator, lender and developer, revealed that its CIM Real Estate Debt Solutions business closed on behalf of a CIM-managed fund a $34.97-million The post CIM closes $63.87M in loans for two Florida properties appeared first on hotelbusiness.com.

Closing 59

Closing Real Estate Construction Branding 59

Hotel Management

OCTOBER 3, 2023

Market challenges Upward pressure on construction costs There’s no doubting the last few years have been challenging ones for the property sector, which has experienced significant increases in the price of commercial construction since the pandemic.

Scale 130

Scale Construction Average Daily Rate Hotels 130

Hotel Business

MAY 20, 2025

The propertys 2025 results are expected to be impacted by construction disruption related to the meeting space renovation currently underway and ongoing through the third quarter. Trinity acquired the asset in 2019 for $602 million, with financial backing from Elliott Investment Management. The purchase price represents a 12.7x

Funds From Operation 59

Funds From Operation Resorts Construction Sales 59

SiteMinder

JULY 13, 2024

What is hotel revenue management? Hotel revenue management is the strategic distribution and pricing tactics used to sell perishable room inventory to the right guests at the right time in order to boost revenue growth. What is the primary purpose of revenue management? Why is revenue management important for the hotel industry?

Revenue Management 98

Revenue Management Revenue Management OTA 98

Hotel Business

JANUARY 23, 2023

In the most recent Construction Pipeline Trend Report for the U.S. from Lodging Econometrics (LE) , at the close of 2022’s fourth quarter, the U.S. construction pipeline stood at 5,465 projects/650,626 rooms, up 14% by projects and 12% rooms year-over-year (YOY). In Q4, all stages of hotel construction in the U.S.

Construction 52

Construction Pipeline Closing Forecasting 52

Hotel Business

FEBRUARY 3, 2023

JLL ’s Hotels & Hospitality Group has closed the sale of 525 Lexington Ave., The hotel, which was formerly branded as the Marriott New York East Side, was closed at the time of sale and offered unencumbered by brand and management. The post Sale of 655-key NYC hotel closes appeared first on hotelbusiness.com.

Closing 52

Closing Sales Construction Hotels 52

Hotel Business

JUNE 23, 2023

JLL’s Capital Markets group has arranged a $750 million construction loan for the first phase of the Enterprise Research Campus, a 900,000-sq.-ft., The loan represents one of the country’s largest construction loans closed this year. mixed-use development minutes from Harvard University in Allston, MA.

Construction 52

Construction Shopping Marketing Market 52

Hotel Business

SEPTEMBER 6, 2024

“This new Extended Stay America Suites location in Buffalo is an exciting opportunity to address the needs for extended-stay hotel accommodations, with ownership that has a true understanding of their market,” said Mark Williams, managing director, franchise development, Extended Stay America.

Construction 105

Construction Accommodation Closing Services 105

Hotel Business

OCTOBER 22, 2024

It is close to Germantown Performing Arts Center, Municipal Park and The Great Hall conference center, as well as Methodist Le Bonheur Germantown Hospital. The property was developed by Spence Ray and Mark Layne for McNeill Commercial Real Estate, with McNeill Hotel Company as property manager. of ground-floor retail.

Real Estate 105

Real Estate Retail Closing Shopping 105

Hotel Business

NOVEMBER 17, 2022

JLL ’s Hotels & Hospitality Group has closed the $55-million sale of six Hyatt Place-branded select-service hotels totaling 754-keys across the Southeast, Texas and Kansas. The properties were offered unencumbered by management and with long-term Hyatt franchise agreements. HKB was advised by ThornOak Capital.

Closing 52

Closing Sales Retail Construction 52

Hotel Business

SEPTEMBER 27, 2024

The 175-key hospitality property, originally constructed in 2019, is located off Interstate 95, near the Port of Brunswick and the city’s downtown area. Greysteel , a national commercial real estate investment services firm, arranged the $19.4

Real Estate 105

Real Estate Construction Marketing Market 105

Hotel Business

MAY 28, 2024

million of fixed-rate construction financing over a five-year term for Narsi Properties to develop the 105-room Home2 Suites near downtown Boone. This historic town, located in the mountains of western North Carolina, is close to Appalachian State University and numerous other demand generators, including three ski resorts.

Construction 111

Construction Services Closing Resorts 111

Hotel Management

JULY 2, 2024

Construction of the 206-room Hobart hotel, which is within walking distance of the CBD, is at an advanced stage, according to Hilton. With the property situated closely to the CBD and the waterfront, our guests will have the best of Hobart right at their doorstep.”

Branding 130

Branding Hotels Pipeline Services 130

Hotel Designs

MAY 31, 2023

In this article, Paul Sewell, specification manager at leading commercial tile supplier CTD Architectural Tiles discusses the role of tiles in supply chain circularity, and how specifiers for the hotel sector can ensure they’re making the right choice for sustainability. .

Closing 52

Closing Construction Hotels Management 52

Hotel Business

JANUARY 29, 2024

Managing Directors Michael Weinberg and Scott Wadler, along with Associate Director Alec Fox of Berkadia South Florida arranged the financing through Goldman Sachs Bank USA and Starwood Mortgage Capital. To accommodate strong demand and position the resort for future growth, we recently completed the construction of 26 additional guestrooms.

Resorts 110

Resorts Construction Revenue Dining 110