Hospitality Net

OCTOBER 27, 2023

The standard is used to determine when two or more employers are jointly responsible for a shared group of workers’ essential terms and conditions of employment and thus jointly liable for violations of the National Labor Relations Act and have joint bargaining responsibilities for unionized employees.

Hotels 188

Hotels 188

Lodging

OCTOBER 27, 2023

WASHINGTON—American Hotel & Lodging Association (AHLA) President and CEO Chip Rogers spoke after the National Labor Relations Board issued a final regulation expanding the “joint-employer standard” under the National Labor Relations Act.

Hotels 173

Hotels Hospitality 173

Hospitality Net

APRIL 18, 2023

The terms of this agreement are designed to allow the Company, subject to the satisfaction of certain conditions, to eliminate all debt associated with the Convertible Notes and gain access to new equity capital through a mandatory conversion feature.

Hotels 186

Hotels Business 186

Hotel Management

OCTOBER 17, 2023

billion cash-and-stock acquisition offer has been described by Wyndham as “highly conditional, unsolicited” and “underwhelming”. Choice’s offer is underwhelming, highly conditional, and subject to significant business, regulatory and execution risk,” said Wyndham Board of Directors Chairman, Stephen P. With nearly 1.5

Hotels 162

Hotels Business Resorts Branding 162

eTourism

MARCH 25, 2012

Your Terms and Conditions are a major part of the booking process, however more often than not; they aren't given the time and attention needed to be useful. They are one of the key factors when handling a situation such as a cancellation, a change of min

Cancellation 40

Cancellation 40

Hotel News Resource

OCTOBER 27, 2023

The standard is used to determine when two or more employers are jointly responsible for a shared group of workers’ essential terms and conditions of employment and thus jointly liable for violations of the National Labor Relations Act and have joint bargaining responsibilities for unionized employees.

Hotels 64

Hotels 64

Hotel Business

MARCH 11, 2024

The $62-million, non-recourse loan has a two-year term. “We are pleased to capitalize on the current favorable conditions in the lending markets to secure this attractive financing of the iconic Ritz-Carlton Reserve Dorado Beach,” said Richard J. Braemar Hotels & Resorts Inc. ,

Real Estate 69

Real Estate Resorts Closing Market 69

Hotel Business

MARCH 11, 2024

Choice decided not to accept any shares pursuant to the offer due to a number of factors, including the refusal of the Wyndham board to engage in discussions on terms and the fact that a number of the conditions to the offer, such as the minimum tender condition, remained unsatisfied as of the expiration date.

Resorts 72

Resorts Business Management Hotels 72

Hotel Business

FEBRUARY 14, 2024

The terms of the agreement were not disclosed and are subject to the satisfaction of certain standard closing conditions. Upon closing, Marcus Hotels & Resorts will assume management of the hotel, which will be rebranded under another major global hotel system.

Real Estate 105

Real Estate Closing Resorts Hotels 105

Hotel Business

OCTOBER 18, 2023

Wyndham Hotels & Resorts has revealed that its board of directors unanimously rejected a “highly conditional, unsolicited” stock-and-cash proposal by Choice Hotels International Inc. to acquire all outstanding shares of Wyndham. Holmes, chairman, Wyndham board of directors. Choice has been unwilling or unable to address our concerns.

Closing 105

Closing Business Resorts Branding 105

Hotel Business

MARCH 11, 2024

Under the terms of the LOI, following the consummation of the business combination, the combined public company would be listed on a national securities exchange. —and Jaws Mustang Acquisition Corp., a special purpose acquisition company, have signed a non-binding letter of intent for a potential business combination.

Intent 64

Intent Market Marketing Business 64

Hotel Management

AUGUST 3, 2023

Just a few weeks ago, we announced our long-term strategic licensing agreement with MGM Resorts International and the creation of MGM Collection with Marriott Bonvoy,” Capuano said. Capuano remained confident in solid booking trends even with the possibility that conditions could change rapidly. “We billion to $4.5

Average Daily Rate 130

Average Daily Rate Pipeline Revenue Resorts 130

Hotel Management

MARCH 6, 2024

Using Japan as an example, despite the market being open for a considerable period, destinations such as Hawai‘i have only recovered 40% of its 2019 levels from this country – highlighting a gradual rather than an immediate return to pre-pandemic conditions.

Resorts 130

Resorts Travel Market Marketing 130

Hotel Business

SEPTEMBER 11, 2023

The $140-million secured loan has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions. We are extremely pleased with the favorable terms of this loan in a challenging financing market,” said Raymond D. The payoff of the remaining $21.5 The payoff of the remaining $21.5

Resorts 59

Resorts Market Marketing Hotels 59

Hotel Business

APRIL 19, 2023

CHC sourced the loan with a New York City-based bank on a five-year term and a favorable fixed rate. Beau Williams, senior managing director, CHC, said, “Noting the extreme fluctuations in current capital market conditions, we strategized that a bank balance sheet would fit the mold perfectly on this refinance.

Market 52

Market Marketing Management Hotels 52

Hotel Business

FEBRUARY 29, 2024

The sale is expected to be completed in March and is subject to normal closing conditions. The company provides no assurances that the sale will be completed on these terms or at all. Ashford Hospitality Trust Inc. has signed a definitive agreement to sell the 390-room Hilton Boston Back Bay for $171 million ($438,000 per key).

Net Operating Income 59

Net Operating Income Sales Process Sales Closing 59

Hotel Management

AUGUST 15, 2023

She said these robust gains were fuelled by pent-up demand after the COVID-19 pandemic, more favourable global economic conditions in 2022 and 2023 and “recession risks that have yet to happen”. While a promising rebound is expected, there are several factors that could influence the industry’s longer-term forecast. “An

Business 245

Business Travel Forecasting Services 245

Hotel Speak

FEBRUARY 22, 2024

To address this issue, employers in the hospitality industry need to foster employee loyalty by improving working conditions, offering competitive compensation packages, and providing opportunities for professional development and growth. Difficulty Building Customer Loyalty Building customer loyalty is a crucial aspect of any business.

Hospitality 96

Hospitality Business Market Marketing 96

Boutique Hotel News

DECEMBER 30, 2022

The non-recourse loan of £100 million has a three-year initial term with two one-year extension options, subject to conditions. . US: Braemar Hotels & Resorts has secured a mortgage loan for the Four Seasons Resort Scottsdale with plans to pay off a more expensive loan. Stockton, Braemar’s president and CEO.

Closing 52

Closing Real Estate Resorts Market 52

Hotel Management

SEPTEMBER 27, 2023

Construction costs continue to rise, making it increasingly difficult to secure new builds in the short-term. As New Zealand’s tourism and hospitality sector continues its recovery, it is crucial for industry stakeholders to adapt to changing market conditions.

Hotel Marketing 130

Hotel Marketing Market Marketing Tourism 130

Hotel Business

MAY 22, 2023

million and has a three-year initial term with two one-year extension options, subject to the satisfaction of certain conditions. These two loans were the company’s only final debt maturities in 2023. The new, non-recourse loan totals $98.5 The loan is interest only and provides for a floating interest rate of SOFR + 4.00%.

Hotels 59

Hotels Hospitality Market Marketing 59

Hotel Business

JULY 18, 2023

14-million acquisition renovation loan from a life insurance company with a long-term sponsor client for the Hilton Garden Inn Annapolis in Annapolis, MD. million loan from a life insurance company that allowed the sponsor to repay the debt on two crossed collateralized CMBS loans for the Hilton Garden Inn Aberdeen in Aberdeen, MD. “PMZ

Real Estate 52

Real Estate Closing Market Marketing 52

Hotelier Magazine

APRIL 4, 2024

It’s key to have the exit strategy defined up front because it impacts issues such as your franchise agreement, your lender, who you’re going to work with [and] the terms of these agreements, because all of those do impact your exit,” explains Robin McLuskie, managing director, Hotels, Colliers.

ROI 45

ROI Hotels Operations Branding 45

Hotel Business

MARCH 14, 2024

AJ Capital will remain the owner of the more than 35 operating and pipeline Graduate properties, each of which will be operated under long-term Hilton franchise agreements. The company expects the fee contribution for the first full year of ownership to be approximately $16 million.

Real Estate 105

Real Estate Pipeline Branding Hotels 105

Hotel Management

JULY 5, 2023

I’m incredibly proud of what we’ve achieved through the pandemic in terms of keeping the bulk of our sales team employed and our properties open, which was so important for our relationships with our key supplier partners,” she said. Warn said she is excited to take up the new role within Ascott. Our biggest challenge is still ahead of us.

General Manager 264

General Manager Sales Accommodation Management 264

Hotel Business

DECEMBER 8, 2022

We purchased the Bluffton Holiday Inn Express & Suites back in 2014 with the idea that this South Carolina coastal submarket was poised for long-term growth,” said Samir Yajnik, principal/EVP of investments, Banyan Investment Group. “We The transaction generated a 24% IRR and a 3.3x equity multiple. “We

Sales 105

Sales Scale Hospitality Operations 105

Hotel Business

DECEMBER 12, 2023

Terms of exchange offer The exchange offer maintains the previously proposed offer to Wyndham, comprised of $49.50 The exchange offer is subject to conditions, including the receipt of all required regulatory approvals. Wyndham publicly rejected the proposed terms on Nov. based on Choice’s trading price as of Oct.

Closing 59

Closing Events Resorts Business 59

Hotel Business

AUGUST 30, 2023

“We are sanguine about the long-term prospects of downtown San Francisco, which has proven resilient over a number of economic cycles and challenges,” said Sarang Peruri, COO, Oxford Capital Group LLC and partner, Oxford Hotels & Resorts LLC.

Hotels 59

Hotels Resorts Dining Operations 59

Hotel Business

MARCH 28, 2024

As we look for and continue to underwrite acquisition opportunities, we are dedicated to pursuing transactions that meaningfully enhance our portfolio and maximize long-term value for our shareholders.” The AC Hotel Washington DC Convention Center opened in October 2020 in the downtown area and offers a 1,500-sq.-ft.

Hospitality 59

Hospitality Construction Real Estate Hotels 59

Hotel Business

JANUARY 30, 2024

Now fully on Amazon Web Services (AWS) , the move to the cloud enables Choice to respond to real-time market conditions and provides the company with a flexible, resilient and scalable platform that benefits owners and operators within the Choice system, the company reports. Choice Hotels International Inc.

Services 64

Services Scale Operations Closing 64

Hotel Business

FEBRUARY 21, 2023

Challenging global economic conditions and their implications reflected their impact on the travel and tourism sector’s deal activity in the first month of 2023. in terms of deals volume compared to the previous month, reveals GlobalData.

Tourism 52

Tourism Travel Market Marketing 52

Travelboom Marketing

APRIL 25, 2024

Evaluating Campaign Effectiveness: YoY data allows you to assess the long-term success of your marketing campaigns. A data warehouse enables hotels to extract and securely store all their valuable UA data before it’s gone, ensuring they can continue referencing past performance for long-term insights. What is a data warehouse?

Market 52

Market Marketing Revenue ROI 52

Protel

JANUARY 13, 2022

Follow Follow Follow Follow Solutions Property Management Event Management Booking Engine Marketplace Solutions Property Management Event Management Booking Engine Marketplace Company About Us Support Events Distributros Careers Contact Us Request Demo Company About Us Support Events Distributros Careers Contact Us Request Demo Resources Customer Stories (..)

Events 52

Events Management Resorts Hotels 52

Protel

JANUARY 13, 2022

Follow Follow Follow Follow Solutions Property Management Event Management Booking Engine Marketplace Solutions Property Management Event Management Booking Engine Marketplace Company About Us Support Events Distributros Careers Contact Us Request Demo Company About Us Support Events Distributros Careers Contact Us Request Demo Resources Customer Stories (..)

Events 52

Events Hotels Management Operations 52

Hotel Management

AUGUST 14, 2023

A report by the Restaurant and Catering Association (R&CA) reveals that nearly half of the hospitality businesses experienced a decline in net profit, mainly due to economic conditions and staffing costs. The financial burden of rising wages adds to the bleak long-term outlook for many venues. According to R&CA’s report, 5.7%

Retail 130

Retail Business Small Business Hotels 130

SiteMinder

OCTOBER 15, 2023

Dynamic pricing is a pricing strategy for hotels that involves changing room rates daily, or even within the day based on real-time market conditions. A dynamic rate is one that could change by the day, or even the hour, depending on current market conditions. What is hotel dynamic pricing? Why is dynamic pricing important for a hotel?

Occupancy 59

Occupancy Revenue Hotels Revenue Management 59

Protel

JANUARY 13, 2022

Follow Follow Follow Follow Solutions Property Management Event Management Booking Engine Marketplace Solutions Property Management Event Management Booking Engine Marketplace Company About Us Support Events Distributros Careers Contact Us Request Demo Company About Us Support Events Distributros Careers Contact Us Request Demo Resources Customer Stories (..)

Events 52

Events Hotels Accommodation Management 52