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 Market Marketing 52

Hotel Business

AUGUST 18, 2023

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 Neway Hospitality group are experienced hotel developers, owners and operators with a deep track record in the Houston market,” said Ryan Bosch, principal, Arriba.

Construction 52

Construction Closing Dining Hotels 52

Hotel Management

SEPTEMBER 27, 2023

However, the emergence of certain market trends is reshaping the industry. Traditionally, peak seasons were concentrated around the summer months, but we are now witnessing a prevalent winter market. Construction costs continue to rise, making it increasingly difficult to secure new builds in the short-term.

Hotel Marketing 130

Hotel Marketing Market Marketing Tourism 130

Hotel Management

JANUARY 9, 2024

Radisson Hotel Group has established a strong market position in South East Asia and Pacific particularly in emerging cities and markets. 2023 was a pivotal year for RHG where we expanded our relationship with key partners and operators. What SEAP markets are a key focus for Radisson Hotel Group and why?

Pipeline 264

Pipeline Construction Branding Retail 264

Hotel Management

APRIL 2, 2024

A partnership with prominent Canberra developer Tony Pan of TP Dynamics, will see the construction of a new-build hotel in the nation’s capital, slated to open in the first quarter of 2027. This growth of our brand across Australia is delivering a strong base for a future expansion of Crystalbrook Collection into overseas markets.”

Retail 276

Retail Dining Construction Hotels 276

Hotelier Magazine

NOVEMBER 1, 2023

“We take immense pride in introducing our second Alt Hotel in Calgary, located in the dynamic community of University District,” says Marie Pier Germain, vice-president, Marketing and Sales, Germain Hotels. Germain Hotels’ 20th property, Alt Hotel Ottawa Airport, will start construction in a few weeks.

Construction 59

Construction Hotels Scale Events 59

Hotel Management

FEBRUARY 29, 2024

This partnership is an exciting development for Rydges and continues EVT Hotels and Resorts strategic focus on brand expansion, in both local and targeted international markets,” said Arundel. Rydges Wailoaloa joins the 43 Rydges Hotels and Resorts currently in operation across Australia and New Zealand.

Resorts 264

Resorts Accommodation Construction Tourism 264

Hotel Management

JUNE 27, 2023

Here, Wyndham Hotels and Resorts, Vice President of Business Development SEAPR, Matt Holmes, discusses the challenges and opportunities in the market. Persistent interest rate hikes have a knock-on effect on the construction of new hotels as cost of debt for hotel developers and would-be buyers has increased significantly.

Construction 228

Construction Hotels Accommodation Management 228

Hotel Business

JANUARY 3, 2023

billion construction loan to complete Fontainebleau Las Vegas, the 67-story hotel, gaming, meeting and entertainment destination coming to the north end of the Las Vegas Strip. billion in financing in today’s market speaks to the widespread confidence in this project, and the team that’s come together to bring it to Las Vegas.”.

Construction 52

Construction Real Estate Retail Dining 52

Hotel Management

JANUARY 23, 2024

As the region’s leader in third-party hotel management, we continue to offer an owner-centric hotel management solution through the full-service operating platform we operate. Ushijima will the resort’s strategic sales initiatives in key international markets including Japan, Korea, China, Australia, Canada and more.

General Manager 290

General Manager Resorts Hotels Sales 290

Hotel Management

AUGUST 31, 2023

Mathew Duff, EVT Despite the challenges of the escalation in construction costs in recent years, the strong recovery in hotel trading due to increased travel demand still presents development opportunities for well-located properties in key locations.

Construction 130

Construction Retail Revenue Resorts 130

MediaBoom

MARCH 14, 2024

Marketing strategies in the hotel sector are designed to enhance brand visibility and broaden reach. A r obust local SEO strategy helps travelers find your hotel when they’re searching for accommodations in your vicinity, making it a critical component of your digital marketing efforts. Let Mediaboom guide you.

Digital Marketing 64

Digital Marketing Services Market Marketing 64

Hotel Business

FEBRUARY 16, 2024

Developed and owned by HRI Hospitality and operated by HRI’s operating company, HRI Lodging, the property is half a block from Broadway. HRI Hospitality and Hilton have opened the 306-room Tempo by Hilton Nashville Downtown, the second property nationally to open from Hilton’s new contemporary lifestyle brand.

Construction 109

Construction Pipeline Accommodation Branding 109

Hotel Business

MAY 2, 2024

Puglisi – SVP, corporate operations, hospitality management Lee A. Atkinson – controller Eugene Barber III – assistant VP, construction and design Zachary T. Bollinger – assistant VP, debt capital markets Allison Frazier – VP, revenue management Sean E.

Revenue Management 111

Revenue Management Construction Hospitality Management Services 111

Hotel Management

JUNE 13, 2023

The latest signings will see a new market entry in Gambia and the introduction of the first Radisson Collection in Nigeria and Egypt, the first Radisson RED hotel in Nigeria, and the introduction of the Radisson brand to Kenya. Radisson Blu Hotel Abuja CBD will be the first Radisson Blu hotel in Nigeria’s capital city.

Pipeline 130

Pipeline Construction Hotels Resorts 130

Hotel Financial Coach Blog

MAY 19, 2024

You’re also going to need to make an adjustment for any planned or in-construction hotels that would be competitors in the same market. Now onto the main feature, how to calculate your hotel’s value in your market. Hotels trade in today’s market on a multiple of cash flows. Cap rate is 8, so we use 12.5.

130

130

Lodging

FEBRUARY 12, 2024

The shift is a change not just for traditional travel planners (meetings, weddings, and events) but also those in infrastructure-centric fields like construction and logistics, whose crews need to spend weeks if not months on the job, sometimes with a short 24-hour notice.

Construction 182

Construction Events Travel Management 182

Hotel Management

DECEMBER 20, 2023

Veriu Collingwood is part of a mixed-use development with 95 studio apartments operating under the Veriu brand and 45 Built to Sell luxury residential apartments above us, which Tim Gurner has developed under the Atelier brand. Then there’s a couple of shops on either side of our lobby which are intended for hospitality operators.

Construction 267

Construction Shopping Pipeline Occupancy 267

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. Just because a hotel brand enjoys success in an overseas market, doesn’t guarantee its success in Australia.

Construction 246

Construction Hotels Events Operations 246

Hotel Management

JANUARY 3, 2024

“With a high reputation for quality service and unrivalled hospitality across its F&B spaces my initial goal is to further raise these high standards already synonymous with Hilton Sydney, while exploring avenues for further improvement in what is an increasingly competitive market for accommodation in the CBD.”

General Manager 272

General Manager Sales Resorts Management 272

Hotel Management

JULY 31, 2023

The hotel will form part of the Geelong Convention and Exhibition Centre precinct development project, which will see the construction of a 1,000-seat convention centre and exhibition spaces, retail and hospitality offerings, as well as a large public plaza.

Retail 246

Retail Tourism Resorts Pipeline 246

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. We’re not aiming to be this high-end lifestyle brand.

Construction 246

Construction Branding Occupancy Business 246

Hotel Business

FEBRUARY 27, 2023

An official topping out ceremony was held late last week at the construction site of the new hotel. This topping out represents a significant milestone for the construction of this property and the city of Nashville,” said Michael Coolidge, chief investment and development officer, HRI Hospitality. “We

Construction 103

Construction Hospitality Events Operations 103

Hotel Business

DECEMBER 18, 2023

to maintain Holiday Inn Express’ leading position in the market and respond to the growing pressures owners face into today’s construction and labor environment. We designed and introduced Formula Blue 2.2

Construction 105

Construction Consumer Branding Revenue 105

Hotelier Magazine

MARCH 20, 2024

With more than 25 years of experience in franchising, real estate, construction, operations, finance and strategic market planning in the retail and hospitality segments, his vast knowledge and passion for the business will serve him well in this new position.”

Real Estate 52

Real Estate Hospitality Retail Construction 52

Hotel Business

APRIL 23, 2024

“We’re excited to continue adding quality owners and properties in key locations throughout the country as our system expands,” said Chris Guimbellot, president/CEO, hihotels. The t new properties include: Master Hosts Inns – Airport Plaza Hotel, Jamaica, N.Y., The t new properties include: Master Hosts Inns – Airport Plaza Hotel, Jamaica, N.Y.,

Motels 59

Motels Hospitality Construction Revenue 59

Hotel Business

MARCH 16, 2023

The Vancouver Island market has been a focus of ours for quite some time and we look forward to having representation in this highly desirable destination,” said Ryan McRae, VP, business development, Hotel Equities. Hotel Equities partnered with PEG Companies and Petroglyph Development Group to manage the new hotel.

Casinos 97

Casinos Construction Hotels Operations 97

Hotel Management

MARCH 14, 2024

Hotel occupancy, which is at a market average of 70%, is up 15% year-on-year, but remains down (-9%) on pre-pandemic levels. “One of the key trends we’ve seen because of the pandemic is a shift in operator and brand loyalty.

Occupancy 130

Occupancy Events Tourism Hotels 130

Hotel Business

FEBRUARY 13, 2024

Extended Stay America has broken ground on the first new-construction Extended Stay America Select Suites prototype in Wildwood, FL. The new construction prototype represents the next phase in the strategic growth of our economy extended-stay brand. By design, there are minimal public spaces to further contain operational costs. “We

Construction 59

Construction Accommodation Hospitality Branding 59

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.

Hospitality 69

Hospitality Construction Closing Management 69

Hotel Management

MARCH 13, 2024

IHG Hotels and Resorts is investing in its midscale and luxury and lifestyle segments in the APAC region to drive future growth as the operator hits a major milestone, surpassing one thousand open hotels in Asia Pacific.

Pipeline 130

Pipeline Hotels Resorts Construction 130

Hotel Business

SEPTEMBER 22, 2023

The company also opened five hotels that were under construction as of September 2023. million first mortgage loan for the construction of a 215-room Autograph Collection hotel in Huntsville, AL, which is expected to open in 2024. billion the company deployed year-to-date. The overall U.S.

Real Estate 116

Real Estate Construction Closing Market 116

Hotel Management

MARCH 26, 2024

In recent times there’s been a real shift in both the economics behind hotel operations as well as customer expectations and we’re excited to see how the industry responds. In 2023, TFE Hotels solidified our portfolio with the opening of a number of unique-to-market hotels.

Dining 130

Dining Pipeline Construction Branding 130

Hotel Business

AUGUST 2, 2023

PHM also has agreed to operate two under-construction hotels in Texas: a dual-branded TownePlace Suites by Marriott and Fairfield by Marriott in Paris and a TownePlace Suites by Marriott in Forney.

Management 96

Management Market Share Hospitality Management Construction 96

Hotel Management

AUGUST 29, 2023

BWH will collaborate with Mandala Hospitality Group the operations and property management with Mandala providing full-scale management support including Operational Management, Housekeeping, Guest Services, Front Office Staff, Human Resources, Property Maintenance and more. We look forward to this exciting prospect.”

Scale 130

Scale Events Branding Hotels 130

Hotel Business

JULY 5, 2023

“We believe there is a gap in the market for a more casual, vibrant and community-oriented club that aligns with the north coastal San Diego market.” ” The construction will occur in phases, allowing the resort to remain open and providing a seamless transition throughout the exquisite refresh. .”

Resorts 98

Resorts Dining Real Estate Construction 98

Hotel Business

MARCH 18, 2024

Thornburg’s background encompasses diverse sectors: construction, real estate, development, hospitality and logistics. His skill set covers F&A, capital markets, acquisitions, dispositions, FP&A, treasury management and fintech, according to the company.

Hospitality 59

Hospitality Real Estate Construction Operations 59