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MIAMI, FloridaDriftwood Capital announced the successful closing of a $1.2 The 4,203-key portfolio represents some of the most strategically located assets in Driftwoods national platform, all of which are operated directly by the firm. Each asset […] The post Driftwood Capital Closes $1.2
The eruption has forced Blue Lagoon to close. The country's biggest airport, however, hasn't halted its operations. Skift Take: The volcano finally erupted. Dawit Habtemariam Read the Complete Story On Skift
The hotel owner-operator is on track to pass a milestone of 850 properties by the end of 2027, positioning it among the worlds largest hospitality groups. Minor Hotels currently has more than 560 properties and 81,000 keys in operation worldwide, with 50% of the portfolio concentrated in Europe.
Headed up by Scott Boyes as CEO, Tony Ryan as Executive Chairman and Grant Alchin as Chief Operating Officer, the trio bring a collective industry experience of more than 90 years, extending across operations, commercial and legal, finance and asset management. Add to that, a growing team of experienced hotel industry leaders.
Radisson Hotel Group has closed a successful first half with over 130 signings and openings across EMEA and APAC. ” The post Radisson Hotel Group closes H1 with over 130 signings and openings appeared first on Hotel Management.
This robust growth in extended-stay properties reflects both pandemic-accelerated demand for longer-term flexible accommodations and developers’ continued recognition of the operational efficiencies for extended-stay facilities. hotel construction pipeline hits 749K rooms at Q1 2025 close appeared first on hotelbusiness.com.
Experienced hotelier Craig Bond has taken up a new role of Senior Vice President – Head of Operations at Pan Pacific Hotels Group (PPHG), marking his return to the group after almost eight years. My new position will enable me to work closely with the teams to cement our positioning as we continue expanding throughout 2024 and beyond.”
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.
Germantown, TN-based McNeill Hotel Company (MHC) has promoted Jesse Kremer from regional director, operations to the new position of VP, hotel operations. He also works closely with the VPs of other disciplines within MHC to ensure continuity in service excellence for both internal customers and ownership groups.
In this talk, Zartico’s chief innovation officer and co-founder, along with its chief operating officer, discuss how AI-powered behavioral insights can close costly data gaps across the visitor journey. Read the Complete Story On Skift
Driftwood Capital has closed a $1.2 The 4,203-key portfolio represents some of the most well-performing assets in Driftwoods national platform, all of which are operated directly by the firm. We see this portfolio as a blueprint for how we intend to invest and operate in the next cycle, said Carlos Rodriguez Jr.,
Castle Peak Holdings , the investment firm behind the Trailborn hospitality brand, has closed on its second vehicle with total committed capital of $315 million raised over a four-month period. The post Castle Peak closes on $315M opportunistic vehicle appeared first on hotelbusiness.com.
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 For the trailing twelve months ended March 31, 2023, the hotel’s net operating income was $1.6 percent net operating income capitalization rate. million to a third party.
Skift Take: A consumer platform for virtual travel was probably doomed no matter what. But its founder tried, grieved the loss, and is now moving on with a pocketful of lessons and his head held high. Justin Dawes Read the Complete Story On Skift
Skift Take: Wednesday's IPO will value Viking, an operator of luxury river and ocean cruises, at roughly $10 billion. Leaders in the luxury travel sector will be eyeing the move closely. Sean O'Neill Read the Complete Story On Skift
Hotel operator selection is underway for a new-build hotel at Nadi International Airport, according to The Fiji Times , following a successful year for the nations tourism sector. The company is in the second stage of the tender evaluation to select a hotel operator. HM has contacted Fiji Airports for comment.
Skift Take: While Blue Lagoon was closed for over a month, other attractions have remained opened. Tour operators have not seen a drop in demand. Dawit Habtemariam Read the Complete Story On Skift
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.
We expect this dynamic to continue throughout 2025 as hotels emerge as a preferred asset class driven by outsized yields, robust operating performance and favorable supply dynamics. The post JLL projecting 25 per cent jump in global hotel investment volume appeared first on Hotel Management.
is set to acquire Queenslands Castaways Resort and Spa Mission Beach, President and Managing Director, International Operations, Barry Robinson, announced at AHICE Asia Pacific on Thursday May 7. Travel and Leisure Co. It is also an ideal stopping point between Airlie Beach and Cairns for our club owners taking immersive road trips.
Hyatt can achieve up to an additional $143 million earnout if certain operating thresholds are met. The real estate transaction is expected to close before the […] The post Hyatt Announces Agreement to Sell Playa’s Real Estate Portfolio to Tortuga appeared first on LODGING Magazine.
Playa is a leading owner and operator of all-inclusive resorts in Mexico, the Dominican Republic and Jamaica and Hyatt is currently the beneficial owner of 9.4% Hyatt Hotels is expanding its all-inclusive portfolio with the acquisition of Playa Hotels and Resorts for approximately US$2.6 of Playas outstanding shares.
As a group TFE owns, manages and operates hotels, so we think like owners and operate their hotels as though they were our own,” said TFE Hotels Group Chief Operating Officer, Chris Sedgwick. TFE Hotels is such an operator.”
hectare property, which will operate as Discovery Parks Bargara, features 15 cabins, 226 powered sites and 78 unpowered sites. We thank Council for their support and look forward to unlocking the parks potential through additional investment and our proven model of marketing, distribution and operations management.
The Princes Gate Hotel Group, led by Auckland-based investor Cindy Hao, has appointed Capstone Hotel Management to operate three of its boutique properties in Rotorua. The three signings include luxury properties The Black Swan Lakeside Boutique Hotel and Hana Lodge, as well as the historic Prince’s Gate Boutique Hotel. “We
The report highlights a widening gap between technological potential and operational readiness. Commercial strategies vary by scale: Independent hotels are expanding teams and actively testing new technologies, while larger chains are focusing on system consolidation and operational streamlining.
KSL Capital Partners LLC has closed a single-asset continuation vehicle for Alterra Mountain Company , with total commitments of more than $3 billion, including the commitments of the general partner and rollover investors. Our passion for the places where we operate is only exceeded by the passion of our team members and our guests.
Following a successful debut event in 2024 which welcomed close to 600 key industry figures, AHICE South East Asia returns to South East Asia from January 24-26 with a bumper program packed with over 150 insightful speakers, stellar networking events and hotel tours.
AHICE Fiji: as it happened AHICE Fiji Islands, hosted by HM Magazine and co-hosted by Tourism Fiji and Investment Fiji, commenced on the evening of Tuesday June 24 with close to 50 delegates attending a unique Winemaker Dinner in partnership with De Beaurepaire Wines.
Combined with AI and other tech solutions, it drives higher bookings, operational efficiency, and personalized guest communication. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication.
Combined with AI and other tech solutions, it drives higher bookings, operational efficiency, and personalized guest communication. The hospitality industry is under increasing pressure to deliver measurable results—faster booking conversions, leaner operations, and better communication.
We’re closely monitoring booking trends. The short-term impact is real, the challenge is how quickly can normality be returned at the speed operators and the region can take, he said. Leisure destinations, with more discretionary demand, potentially face a longer recovery, Burke said.
Marriott International has marked another year of strong growth in the Asia Pacific excluding China (APEC) region, signing a record 109 deals across 11 markets, contributing 21,439 rooms to the region’s development pipeline, closing the year with 77,532 total rooms in the region’s year-end pipeline.
1834 Hotels is committed to delivering strong commercial outcomes and operational strategies to position it as a high-performing property in Milduras accommodation sector.
The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University. Island Hospitality Management has been selected as the management company for the under-construction TownePlace Suites San Jose, which will be located in downtown San Jose.
Gerritse brings over 15 years of luxury hospitality experience to the role, including in sales, marketing, and operational leadership across major Australian hotel brands. I was drawn to the boutique feel and the close-knit culture of the team here, said Breen.
The upscale property, located close to Darwin Entertainment Centre, will feature an all-day dining restaurant, meeting space, fitness centre and outdoor pool, with all guest rooms featuring self-contained kitchenettes. The broader IHG portfolio now includes 69 hotels in Australasia, with another 26 properties in its development pipeline.
Located in Big Water, Utah, theyre close by Buckskin Gulch, Alstrom Point, and of course, Lake Powell. Lake Powell Gateway RV Resort has chosen our cloud-based WebRezPro Property Management System to help run their operations. Pull off the road at Lake Powell Gateway RV Resort. And theres a pool and playground for the kids!
Following a successful debut last year, which brought together a bumper crowd of over 330 leading owners, investors, operators, suppliers and advisors, the 2025 event is shaping up to be even better, with an expanded program of events.
Gordon and Rasha represent the best in their fields, and I look forward to working closely with them to define the next chapter for this iconic brand, she said.
This category applies to individuals in a General Manager position or above, including Vice Presidents, Chief Operating Officers, Chief Financial Officers, Chief Executive Officers, Head of Operations, from a hotel, chain or an owner. Nominations for the 2023 Aotearoa Hotel Industry Leadership Awards close on Friday 22 September.
View the 2023 AHICE Aotearoa program Hotel operators will share their outlook for the year ahead, while the Investors Outlook will tackle the big challenges and opportunities in the market. Nominations for the 2023 Aotearoa Hotel Industry Leadership Awards close on Friday 22 September. Enter here.
Owned and operated by IMH Columbia LLC, the hotel is close to the Merriweather Post Pavillion outdoor concert venue. Since the early 1990s, Meyer Jabara Hotels has owned and operated multiple assets in Maryland. That element was missing previously, and it is a refreshing element of how they operate at Meyer Jabara Hotels.
The shift, according to Bousserind Comson, Director of Hospitality Intelligence-APAC, signals a new chapter for investors and operators who are keeping a close eye on performance margins and demand dynamics in the region.
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