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Majestic Hospitality , a full-service property consulting firm, has named David Kuperberg managing director, realestate. The post Majestic Hospitality names David Kuperberg managing director, realestate appeared first on hotelbusiness.com.
Seasoned hospitality executives Gadi Hassin, Lisa Zakharka and May Pendraat Kredner have joined forces to introduce a global hospitality management company specialising in experiential lifestyle hotels and hostels for todays digital nomads.
Global realestate investors are increasingly gravitating to the hotels sector evidenced by near historic levels of first-time capital invested in 2024, said JLL Hotels & Hospitality Group Global Head of Hotels Research, Zach Demuth.
Resortbrokers Managing Director Trudy Crooks, and Broker Kelli Crouch, unpack the hotel realestate landscape in Queensland and the Northern Territory. In FY24, ResortBrokers settled some of our largest ever deals for hotels operating under a management rights structure.
We will continue to own our realestate and operate all our hotels. The post Marriott International to acquire CitizenM for US$355 million appeared first on Hotel Management. This relationship will allow us to work together to maximize returns.
Otonomusa company that integrates AI with realestate and property managementwill exhibit its flagship property at CES 2025 as the first AI-powered hotel. A clear sign of the inroads AI is making into the hospitality industry, the Otonomus Hotel is set to open in Las Vegas, Nevada, in March.
Five Star Group , a private commercial realestate investment, development and management firm focused on Southeastern hospitality projects, has appointed Kimberly Rowell as EVP of Five Star Hospitality Management. Prior to that, he was asset manager for 33 Degrees, a commercial realestatemanagement firm.
Ovolo Group is set to accelerate expansion plans with the launch a dedicated investment and asset management arm. TriO Capital will work with funds, developers and realestate owners to unlock value in underperforming hotel assets including through rebrands and refurbishments. Founder and Executive Chairman, Girish Jhunjhnuwala.
Leisure RealEstate Advisors LLC has arranged the sale of the Holiday Inn Express Fremont located in Fremont, NE. ” Jaynes and Leisure RealEstate Advisors represented the seller, Fremont Hotels Inc., Noble Hospitality has assumed management for Oracle. Built in 2003, the 94-key hotel was listed for $9.6
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. The hotel will be located close to The SAP Center, San Jose Convention Center and San Jose State University.
Structure Hospitality has added the historic Hampton Inn & Suites Ogden to its third-party management portfolio. Omnia Commercial RealEstate owns the property. When you deliver at a high level and operate with consistency, trust follows, said Amer Salman , founder/president, Structure Hospitality.
Realestate content marketing is critical for strengthening your brand and growing your audience. However, with so many types of content, realestate firms might feel stumped on where to start. What is content marketing in realestate? You can carve out your brand through content marketing.
Aimbridge Hospitality has appointed a refreshed, expanded Board of Managers for the company. The four new managers Glenn Alba , Rich Gomel , Carrie McIntyre and Emanuel (Manny) Pearlman join current board members Steve Joyce and Craig S. . and abroad. He previously founded and served as CEO of Opterra Capital. hotel investments.
One potential upheaval is looming in commercial realestate. Today hoteliers, asset managers and owners are tasked with navigating one of history’s most significant market shifts. New York City’s commercial realestate market was hit hard, particularly in the office and retail sectors.
My entry into the world of hotels and hospitality began with my longstanding interest in realestate, which later led me to the opportunity of combining both my professional aspirations to work in commercial realestate, with my love for hotels, travel and tourism. Do you have a career mentor or support network?
JACKSONVILLE, Florida—Key International, a realestate investment and development company, and Shaner Hotels, an international hotel owner, operator and developer, today announced the grand opening of the 156-suite SpringHill Suites by Marriott Jacksonville Beach Oceanfront in Florida.
A noted leader in the realestate and hospitality industry, Drake joins Kempinski with over 30 years of global experience in corporate capital markets, asset management, risk management as well as the development and implementation of operational and financial strategy.
Realestate website design makes a strong first impression, driving leads to subscribe to your emails and inspiring customers to inquire about your services. Why is it important to have an optimized website design for realestate? Responsive Design The realestate industry is all about helping the customer.
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. This follows the termination of the hotel management agreement between Hyatt and the hotel’s owner, Tuan Sing Holdings Limited.
Independent hotel management company Trilogy Hotels is expanding to the Northern Territory under a multi-property partnership with Darwin-based DCOH Group. The deal sees Trilogy take over management of 417 rooms across three city centre hotels – Novotel Darwin CBD, Frontier Hotel Darwin and Smith Hotel Darwin.
Three notable figures in the Australian hospitality landscape have joined forces to propel the independent management model for hotel operations in Australia and New Zealand. The independent management model is well-established model in the US, and Trilogy Hotels CEO Scott Boyes sees great potential for this model in the ANZ market.
IHM speaks to hospitality and realestate professionals to learn more about the sustainability initiatives implemented in their businesses, and what the industry should do to lead the way. • What is the most important sustainability measure within your business and why? Our approach to responsible tourism is multi-faceted.
Blakeburn relocated to Cornwall in 2000 to join Rick Stein’s Seafood Restaurant before joining the team at Watergate Bay, where she quickly progressed from marketing manager to brand director. She delivers brand strategy, marketing, sales and guest experience through a cohesive, creative and commercial approach.
Vacant possession of hotel management was offered as part of the sale which was negotiated by JLL Hotels and Hospitality’s Nick MacFie and Peter Harper and Savills Hotels Nick Lower and Benson Zhou. 1834 Hotels will operate the hotel on behalf of Mazen Tabet in a deal negotiated by the selling agents.
“We are thrilled to establish our relationship with Stonewood Group and introduce New Zealand’s largest leased project with the 322-key Radisson Red Auckland,” said Radisson Hotel Group Managing Director, Australasia, Lachlan Hoswell. Stonewood Group Co-founder and Director, Michael Chow, said the timing of the brand entry is “perfect”.
Firstly, the headwinds faced by the commercial realestate industry attracted substantial attention. Inbound capital is originating in the Asia region but is also coming from Middle Eastern and European owner-operators and HWNI/corporate buyers looking at strategic investment opportunities.
The John Carver Inn will be managed by Olympia Hospitality on behalf of Mount Vernon and will remain operational during the initial phase of planning, with renovation plans to be unveiled in coming months. The post Mount Vernon Company acquires John Carver Inn & Spa appeared first on hotelbusiness.com.
It is calculated by dividing the net operating income (NOI) of the asset by its purchase price. Normally” NOI is calculated using all income less all operating expenses but does not include costs for debt, depreciation, amortization, reserve for capital expense or income taxes. That’s what this piece is all about.
As part of HM’s 2023-24 Development Outlook, CBRE Hotels Managing Director – Capital Markets, Michael Simpson, and Pacific Head of Hotels Research, Ally McDade, discuss the challenges and opportunities that lie ahead in the Australian hotel market.
Coury Hospitality announced the appointment of Andrew Casperson as chief operating officer. Promoted from executive vice president of operations, Carperson will lead operations strategies for Coury’s portfolio of hotels, bars, and restaurants. Harshbarger, chief legal officer and managing director.
Established in 2013, the Ruby brand 20 th brand in the IHG portfolio currently operates 20 hotels (3,483 rooms) in major cities across Europe and has another 10 pipeline hotels (2,235 rooms). The post IHG brand portfolio climbs to 20 as modern lifestyle offering joins the fold appeared first on Hotel Management.
Singlepane has launched asset management software built specifically for hotel owners, adding three new modules to its original business intelligence (BI) platform. The post Singlepane launches asset management solution for owners appeared first on hotelbusiness.com. ” Early clients are already seeing the impact.
The sale, which was negotiated by Colliers, McVay RealEstate and JLL, is subject to the buyer obtaining approval to the transfer of the liquor licence from the Queensland Office of Liquor and Gaming Regulation. Sam McVay from McVay RealEstate described the hotel as “an irreplaceable asset”. “[The With a land area of 3.45
John Rubino’s background in hospitality spans hotel operations, asset management, and corporate leadership. His addition to Extreme strengthens a team knowledgeable in hospitality realestate finance, commercial strategy, and business analytics.
Michael Issenberg “He is results driven, highly skilled in acquisitions and mergers and, during his tenure, led Accor to become the largest hotel operator in Singapore, Indonesia, South Korea, Thailand, Vietnam, Australia, and New Zealand, supporting more than 140,000 employees.”
In this newly created position, McAuley will source acquisition opportunities, equity investors, debt financing, and third-party management contracts. He has 30 years of experience in publicly traded and privately held realestate, as well as in hotel development, operations, and ownership.
is a southwestern US regional hotel ownership and management company. is a family owner/operator and original developer of […] The post HREC Arranges Sale of Best Western Territorial Inn & Suites appeared first on LODGING Magazine. The Buyer, JHMC Inc., on this transaction. VWH Enterprises Inc.
Hospitality America has been selected by Windsor Aughtry Company to manage the Hotel Avail, Tapestry Collection by Hilton in Rogers, AR. Windsor Aughtry Company is the leading commercial realestate developer and brokerage firm in the Southeast,” said Daniel Lock, VP, commercial strategy, Hospitality America.
Driftwood Hospitality Management (DHM) has completed a multimillion-dollar renovation of Delta Hotels by Marriott West Palm Beach, a 199-key hotel located in South Florida. Formerly a Holiday Inn, the property is owned by Miami-based realestate investment firm Activate Hospitality , with DHM overseeing managementoperations.
Premier, an end-to-end architecture, design, procurement and project management and development firm, has added Cole Travers as a realestate development associate. He also supports project management in the execution and delivery of new ground-up work. He began his hospitality career with Ashford Inc.
The afternoon sessions included thought-provoking panel discussions including The Future of RealEstate and The Investors’ Outlook, as well as insightful interviews and presentations. The post Future Leaders Forum: the power of ‘yes’ in opening doors for rising stars appeared first on Hotel Management.
Integration of Advanced Technology: The adoption of smart technologies is enhancing operational efficiency and guest satisfaction. We have deep expertise in F&B operations and last year saw significant increase in our F&B sales. We have always put sustainability as a key consideration in our operations and investment decisions.
Outrigger’s Jeff Wagoner flew in from Hawaii to speak at AHICE 2023 A selection of analysts and industry leaders will share their key outlooks in the very first session on Day 1, while JLL Chief Executive Officer – Asia-Pacific, Hotels, Nihat Ercan, will take to the stage later that morning to present the 2024 Asia Pacific RealEstate Outlook.
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