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.

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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.

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Construction Shopping Market Marketing 52

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.

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Construction Real Estate Retail Scale 59

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.

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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.

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Construction Pipeline Closing Forecasting 52

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.

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Management Market Share Hospitality Management Construction 96

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.

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Closing Sales Retail Construction 52

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.

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Revenue Management Revenue Management Overbooking 98

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?

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Pipeline Construction Branding Retail 264

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. .

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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.

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Market Marketing Tourism Hotels 278

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

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Construction Hotels Closing Business 246

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.

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Shopping General Manager B2B Retail 279

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.

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Construction Hotels Branding Shopping 246

Hotel Business

FEBRUARY 14, 2024

Madison, WI-based owner, operator and developer NCG Hospitality has appointed Corey Chamberlain as VP, capital markets and Ryan Kotila as design & construction project manager. Kotila joins the NCG Hospitality team after working for Culver Franchising, managing the design and construction of new Culver’s restaurants.

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Hospitality Construction Closing Management 69

Hotel Business

MARCH 22, 2023

Hay Creek Hotels and Restaurants , a subsidiary of Victory Hotel Partners , has expanded its presence in the Northeast with three management deals. Hay Creek Hotels and Restaurants assumed the management of the property earlier this month. The post Hay Creek signs three management deals appeared first on hotelbusiness.com.

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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.

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Construction Branding Occupancy Business 246

Hotel Business

APRIL 19, 2024

Berkadia South Florida’s Managing Directors Michael Weinberg and Scott Wadler, along with their team members Alec Fox and Edmund Aramayo, arranged the five-year, fixed-rate CMBS loan through Goldman Sachs Bank USA. The hotel was originally constructed for the 2002 Winter Olympics and is surrounded by 2,000 acres of skiable terrain.

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Construction Closing Shopping Pipeline 59

Hotel Management

MARCH 10, 2024

Here, Sheraton Grand Sydney Hyde Park General Manager, Janet McNab, discussing building the female fraternity in the hotel industry and supporting under-represented women. There are many functional areas in hotels where women thrive – operations, finance, sales, marketing and importantly, in senior management.

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Hotel Management

APRIL 30, 2024

The 2024 Design Inn Symposium saw a stellar cast of speakers enlightening delegates on some of the most pertinent topics in hotel design and construction. The post VIDEO: relive the highlights of the 2024 Design Inn Symposium appeared first on Hotel Management.

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Construction Closing Hotels Management 130

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.

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Resorts Construction Revenue Dining 110

Hotel Business

JANUARY 31, 2024

Emphasizing citizenM’s commitment to sustainability, citizenM Austin Downtown has been constructed adhering to elevated environmental standards, encompassing energy efficiency, water conservation and waste reduction, and is working towards securing LEED Gold certification.

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Construction Hotels Closing Branding 111

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.

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Hotel Business

DECEMBER 21, 2023

The 112-room hotel, constructed in 2016, sold for $21,250,000 or $189,732 per room. The buyer anticipates their post-closing PIP renovation to cost approximately $1,900,000. ” The five-story hotel is located 1.5 miles from the University of Central Florida.

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Real Estate Construction Sales Closing 59

Hotel Business

MAY 14, 2024

Turnstone Group developed the property, which Sandpiper Hospitality will manage. “We are excited to welcome the Extended Stay America Premier Suites to the vibrant Fort Myers community,” said Mark Williams, managing director, franchise development, Extended Stay America.

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Hotels Construction Hospitality Accommodation 59

Hotel Business

DECEMBER 20, 2023

But as we close out 2023, we’re reminded that another year is just ahead of us—one that is, hopefully, filled with all good things, both professionally and personally. It’s the annual Green Book, which always signals the end of another year. Don’t miss out on including your information or updating it for next year.

Real Estate 52

Real Estate Construction Closing Events 52

Hotel Management

JANUARY 8, 2024

Exclusive: Marriott appoints luxury leader to new dual role Marriott International is sharpening its focus on luxury with the appointment of Krister Svensson as Multi Property Vice President, Luxury Hotels Australia and General Manager at W Melbourne. Marriott International are masters of luxury.

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General Manager Sales Revenue Revenue Management 147

Hotel Business

MARCH 30, 2023

The property was developed by TGC Group and is managed by TGC Hospitality Management, both of Wichita, KS. “It is always a pleasure to work with owners like TGC Group who invest in their own communities and help us continue to meet the growing demand for extended-stay lodging.”

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Construction Hospitality Management Branding Management 52

Hotel Business

JANUARY 25, 2024

Sonesta International Hotels Corporation has revealed plans for the construction of a new Sonesta ES Suites in Port Charlotte, FL. The new property, expected to open in spring 2025, marks the first Sonesta ES Suites brand project developed from the ground up. “We

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Construction Dining Accommodation Branding 64

Hotel Business

SEPTEMBER 5, 2023

Hospitality Ventures Management Group (HVMG), an Atlanta-based, private hotel third-party operator and investor, has expanded its leadership team after adding nine hotels to its portfolio in the first half of the year. and Starwood Hotels and Resorts. She joined HVMG in October 2015 as the VP, accounting and finance.

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General Manager Construction Market Share Management 59

Hotel Management

MARCH 26, 2024

In the hotel’s first week, even without a heavy marketing campaign, occupancy was circa 60% with one night over the weekend hitting 80% occupancy due to compression on the CBD, thanks to the hotel’s close proximity, Hunt shared. Government infrastructure is taking a lot of subcontractors and a lot of fuel out of the construction industry.

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Occupancy Hotels Dining General Manager 130

Hotel Business

APRIL 14, 2023

Hopper, managing principal, DSH Hotel Advisors. The close proximity to Old Town and Fun Spot Theme Park are also great amenities for the hotel’s guests.” The Comfort Suites Maingate East was constructed in 2000 and had an extensive renovation completed between 2016-2020.

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Market Share Closing Construction Sales 52

Hotel Business

APRIL 5, 2023

The property was developed and will be managed by the owner KARA Hospitality. The four-story, 92-room, newly constructed property features complimentary WiFi, free breakfast, premium cable, a fitness room, an outside grilling area, on-site guest laundry and the brand’s signature spacious lobby with additional vending options.

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Construction Accommodation Closing Hospitality 52

Hotel Designs

NOVEMBER 21, 2023

The project is being developed by JTRE and will be operated by Kempinski, Europe’s oldest hotelier – with more than 80 premium properties under management in 36 countries. Pre-construction pricing and availability is to be announced in early 2024.

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Construction Dining Resorts Operations 101

Hotel Business

FEBRUARY 6, 2023

An HWE team comprising Pete Dannemiller, managing director and Jeff Berkman, director, brokered the transaction on behalf of the seller. Originally constructed in the late 1800s and transformed into a luxury inn in 1997, the Hamilton-Turner Inn is considered one of the city’s most historic hospitality assets.

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Hotelier Magazine

MAY 9, 2023

. — Investment, development and hotel-management company Activar Hôtels has partnered with private capital investment firm Messier, Savard & Associés (MSA), to acquire the four-season resort and convention centre, Le Grand Lodge Mont-Tremblant. Activar Hôtels will oversee resort operations and MSA will act as the prime asset manager.

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Construction Resorts Closing Operations 52

Hotel Business

AUGUST 10, 2023

This is the second Ascend property developed by S&L Hospitality , joining The Harborview in Port Washington, WI, and the sixth Choice property under management by the group. A 44-room property in Red River, NM, close to Red River Canyon and Old Town. The Bradford Hotel in Springfield, MO.

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Hotels Casinos Closing Branding 98