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We are excited about the momentum in our pipeline and the continued strong demand we’re seeing for our brands around the world.” Base management fees: increased 16%, driven by managed hotel RevPAR growth and the contribution of newly opened hotels. and Adjusted Diluted EPS was $0.46 and Adjusted Diluted EPS was $0.46
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.
He brings nearly 25 years of experience in commercial realestate and hospitality investment to the organization, including evaluating and executing high-value transactions and conducting market analysis. PM Hotel Group has appointed Scott Harrell as VP, development, feasibility & analytics.
It combines an innovative upscale select-service model with service flexibility, creating operational efficiencies and unlocking realestate value as a result. The Radisson RED brand is known for its playful twist on conventional hospitality and bold interior design. Receive daily leadership insights and stay ahead of the competition.
A joint venture between Sage Lane Partners , a private equity realestate firm that specializes in sourcing, acquiring, developing and asset managing investment properties, and ARK Holdings has acquired the 101-room Hampton Inn & Suites Prattville in Prattville, AL. ARK Hospitality will operate the hotel.
Operating in partnership with High Boy Ventures, a residential realestate development company, Placemakr Salt Lake City at Brix offers a blend of residential and hospitality-style stays catering to both short-term visitors and long-term residents.
The signing was celebrated at a special ceremony in Porto de Galinhas, attended by local government officials, representatives from the owning realestate firm, Marriott executives, and members of the media. This announcement builds on the brand’s recent momentum across the Caribbean and Latin America (CALA) region.
Casson, CEO, Corinthia Hotels, and Pradeep Raman, managing director, The Surrey A Corinthia Hotel, joined by Ariela Kiradjian, COO, BLLA. The discussion will explore Corinthias global investment strategy, development pipeline, and its distinctive approach to long-term value creation.
“San Antonio is a unique market with a growing need for extended-stay hotels,” said Greg Friedman, managing principal/CEO, Peachtree. “The Residence Inn will cater to the diverse demand drivers of San Antonio, including its thriving tourism sector and extensive corporate presence. “We
Terra and Turnberry , two South Florida realestate development firms, have secured $392 million in construction financing that will help advance the development of Grand Hyatt Miami Beach, an 800-room, 17-story property adjacent to the Miami Beach Convention Center.
Developed and managed by Raines, this will be the second Shepherd Hotel in the state. The brand was cofounded by Rick Hayduk, a hospitality veteran; Rich Davies, a third-generation realestate developer; and Dabo Swinney, Clemson University’s head football coach.
TORONTO — Clifton Blake, a real-estate investment and asset-management firm, has merged with Metropolitan Commercial Realty Inc., Clifton Blake offers the leading full-cycle solution for optimizing and managingreal-estate assets,” says KC Daya, CEO of Clifton Blake. “By CB Metcom).
For a good reason, commercial realestate marketing is a hot topic. But, how can you make your realestate company stand out from the crowd and attract clients online? Download Our FREE Whitepaper 10 RealEstate Website Must Haves to Drive Traffic & Generate New Leads Does your RealEstate Website have all 10?
Lead generation for realestate agents is tricky in a competitive market. Up to 37% of realestate marketers say they struggle the most with lead generation. With a robust realestate lead generation strategy, you can attract potential homebuyers with ease! But leads don’t have to be a mystery.
Urban Catalyst , a realestate equity fund manager and developer focused on downtown San Jose, has opened the TownePlace Suites San Jose Downtown in California’s Silicon Valley. The project was developed in collaboration with Island Hospitality Management , which will oversee day-to-day operations.
In a field that was valued at $7,063 Billion in 2022, realtors need to get creative with realestate lead generation ideas to stay ahead of the curve. The realestate market is saturated with professionals vying for the same customer pool. Realestate lead generation is an essential component of industry success.
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.
Firstly, the headwinds faced by the commercial realestate industry attracted substantial attention. Vietnam has faced some of the strongest headwinds in the realestate sector in the region, and international tourism has been relatively slow to recover. In 2023, two consistent headlines emerged.
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.
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.
Isn’t it amazing to think that SEO can skyrocket your return on investment (ROI) by up to 1,389% for realestate businesses ? Commercial RealEstate SEO improves website visibility and search engine rankings, targeting specific customer segments and attracting qualified leads.
SAN RAFAEL, California—LRE & Companies, a realestate development, asset manager, construction, and hotel management company, has revealed the plans for University Square, a 10-acre mixed-use development project at the intersection of Sunset Boulevard and University Avenue in Rocklin, CA.
The Germantown Chamber of Commerce hosted the ribbon-cutting ceremony, which featured comments from developer Spence Ray of McNeill Commercial RealEstate to an audience that included corporate clients, investors, the local community and representatives of the Memphis Convention & Visitors Bureau and the City of Germantown.
Realestate experts at Colliers claim the future is bright for hotel investment in Australia with traditional property investors eyeing the over AU$2 billion in assets on the market – 75% of which were listed in Q3 2023. billion by end of year.”
BWH is strengthening its position in the market by establishing partnerships with HMA’s, realestate organisations, developers, investors, hotels and event partners strategically aligned to increase BWH’s foothold. BWH has a strong pipeline of future lifestyle, luxury and extended stay offerings to bring to Australia and New Zealand.
Returning to Adelaide for its third consecutive year, AHICE will explore an extensive range of topics from realestate and hotel development to loyalty, technology and culture with world-class speakers, panel sessions and networking events.
Odom Board Chairman and Founder of realestate developer ULS, Kim Leang Kean, said the hotel will be a further draw card to the city. Since launching in 2021, Vignette Collection has opened six properties in destinations including Brisbane, Bangkok, Porto and Washington, and grown a pipeline of 15 outstanding hotels,” he said.
billion in 2023, with the first quarter of 2024 seeing hotel construction pipeline at an all-time high and record-high levels seen in the luxury, upper upscale, and upscale segments. Currently, we have 58 hotels trading and 47 in the pipeline. Hotel investment volumes in the region this year are projected to reach US$10.4
Hotel renovation and conversion pipeline activity, at the end of the fourth quarter of 2022, is at the highest totals Lodging Econometrics (LE) has ever recorded. Renovations and conversions account for more projects and rooms than those that are currently in the under construction stage of the new construction pipeline.
The hotel, which will be part of the JdV by Hyatt soft brand, is being developed by a joint venture between DSM RealEstate Partners and Garage Cap. Swinerton has been chosen as the general contractor for the construction of the Chambray Hotel, a five-story property in Roswell, GA.
EU: Cheyne Capital Management has completed a senior loan of more than €200 million for luxury boutique hotel group Beaumier. . The current portfolio comprises 546 rooms, and plans are in place to grow the pipeline with expansion projects and further acquisitions in prime European destinations over the coming years.
Future renovations of the interior and exterior of the property are in the pipeline. Aimbridge Hospitality will continue to manage the hotel through its evolution lifestyle operating division. Cambridge Lansdowne is a hospitality-focused realestate firm based in Miami.
Certares , a global investment firm focused exclusively on the travel and hospitality industries, has completed the final closing of its first realestate hospitality fund, Certares RealEstate Holdings I LP, with $284 million of equity commitments. The fund has generated a net IRR of 35% and a 1.4x
Realestate development company LVXP has plans to deliver a new experiential mixed-use development on the Las Vegas Strip that will be anchored by a technologically advanced entertainment and sports arena. The project will be located on the 27-acre site at 2601 South Las Vegas Blvd. and include several ultra-luxury hotels.
The hotel was developed by Radnor Property Group , a realestate development company with a history of higher education public-private partnership (P3) projects in the northeast, and Harrison Street , an investment management firm exclusively focused on alternative real assets. “We
Hoplamazian, president/CEO, Hyatt, “Our pipeline also reached a new record, expanding 10% year-over-year (YOY) to 129,000 rooms, and we realized net rooms growth of 5.5%. Significant progress on asset dispositions is further expanding our asset-light earnings mix, reflecting our execution to permanently reduce owned realestate.”
In this role, he led enterprise-wide financial performance and the new development pipeline. His prior roles include divisional CFO for both hospitality and realestate at Vail Resorts and in development and portfolio management at Stonebridge Companies.
Realestate developer 3H Group has acquired the Hyatt Place Tampa Airport/Westshore. LBA Hospitality will manage the property. “The trust bestowed upon us by 3H Group to manage their hotel properties is a fundamental component of our growth and aligns with our values,” said Beau Benton, president, LBA Hospitality.
RobertDouglas has, as exclusive advisor, represented The Mirbeau Companies , developer/operator of Mirbeau Inn & Spa resorts and the Mirbeau wellness brand, in arranging a strategic capital partnership with EPR Properties , a realestate investment trust (REIT) specializing in select experiential properties in the realestate industry.
The hotel was developed by Spence Ray and Mark Layne for McNeill Commercial RealEstate, with McNeill Hotel Company as property manager. McNeill Commercial RealEstate also developed the Hampton Inn & Suites Memphis/Germantown for the MHC portfolio. of ground-floor retail.
Greene brings more than 30 years of financial experience, including more than a decade of EB-5 industry expertise, and has managed more than $600 million of EB-5 investments during his career. billion in hotel construction and redevelopment with a significant pipeline of projects under construction.
Key International , a realestate investment and development company, and Shaner Hotels , an international hotel owner, operator and developer, have opened the 156-suite SpringHill Suites by Marriott Jacksonville Beach Oceanfront in Florida. Shaner will operate the hotel, owned by Key International.
Garfield Public/Private , a national public/private commercial realestate developer, has appointed Laura Galbreath as SVP, development. With many developments in process—including several recently awarded projects and others in the pipeline—it’s the perfect time to bring Laura on board.”
Spark GHC , a private realestate joint venture focused on hospitality assets in the U.S. This is the 11th acquisition for the sponsors since 2018 and increases the combined Spark GHC assets under management to above $100 million. We have three more assets under contract and another three in the pipeline.”
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