Tag: investment

October 28, 2021

Analysts at Lodging Econometrics reported that the top five markets with the largest total hotel construction pipelines in Q3 by projects are: Dallas with 147 hotels and 17,711 rooms Atlanta with 139 hotels and 18,659 rooms Los Angeles with 133 […]

October 27, 2021

Hyatt Hotels Corporation (NYSE: H) announced today that a Hyatt affiliate has entered into a management agreement with The Red Sea Development Company for a 430-room Grand Hyatt hotel on Shaura Island, the hub of the Red Sea Project on […]

October 25, 2021

NEW YORK – Certares Management LLC a leading investment specialist dedicated to the travel, tourism and hospitality sectors (together with its affiliates, “Certares”), in partnership with Highlands Investments LLC (“Highlands”) and Monomoy Property Ventures LLC (“MPV”), today announced the acquisition […]

October 22, 2021

Marriott International, Inc. today signed an agreement with Hesperia to introduce the Courtyard by Marriott brand to Perth, bringing the brand’s timeless, classic style to one of Western Australia’s fastest growing commercial and residential catchments. Located 13 kilometres south of […]

October 21, 2021

When industries are disrupted for one reason or another, as a hospitality industry decision-maker it can be the perfect time to take control of a certain amount of disruption yourself – digitalization or digital transformation. What does this mean in […]

October 15, 2021

This latest partnership will give C3 access to Lurra Capital’s global partners, which could facilitate C3’s international growth. C3 plans to reach 12,000 locations by 2023, and each of its current brands generate about $1 million per outlet, according to […]

October 14, 2021

Carmel Mission Inn, a stylish boutique hotel located in the idyllic seaside community of Carmel, just minutes from Carmel Village and the city of Monterey has completed a multi-million-dollar, full-scale renovation. A refresh of the charming, coastal property included a […]

October 11, 2021

Capsolve is a leading hospitality marketing and technology research company known for their thorough and actionable insights on hospitality solutions. In fact, they just wrote a Professional Review of Shiji Group’s portfolio of products. We thought it’d be a great […]

September 24, 2021

The COMO Group unveils a new luxury boutique hotel in the heart of Burgundy, one of the world’s most prestigious wine regions. COMO Le Montrachet will open in phases, with phase one scheduled to be completed in 2022, evolving the […]

September 16, 2021

Watch and listen to 3 hotel technology companies and how they work together to ensure that one of the largest hotels in Las Vegas, delivers on its guest promise and enhances the guest experience. Even Frydenberg, CEO of Zaplox, Nicolás […]

September 13, 2021

The White House yesterday announced the expanded COVID-19 Economic Injury Disaster Loan (EIDL) program, giving qualified hoteliers access to up to $2 million per loan. The American Hotel & Lodging Association (AHLA) has been working with Biden Administration and Small Business Administration […]

September 10, 2021

The McKibbon Family Foundation, led by philanthropists John and Letitia McKibbon, today announced a $5 million contribution to Florida International University’s (FIU) Chaplin School of Hospitality & Tourism Management. The transformational gift was presented during a recent event celebrating well-loved […]

September 8, 2021

Many hotels closed their doors temporarily at the start of 2020’s COVID-19 lockdowns, and data shows that how hotels recovered after reopening their doors depended heavily on location. Ramp up is the time it takes for a hotel, either a […]

September 8, 2021

Blue Water Development, a real estate developer specializing in outdoor hospitality management, has assumed management of its first RV resorts in the Southeastern United States – Reunion Lake in Ponchatoula, La., and Sun Outdoors Pigeon Forge in Sevierville, Tenn. The […]

August 30, 2021

Hyatt to acquire Apple Leisure Group for $2.7 billion US-hotel giant Hyatt has agreed to acquire luxury resorts operator Apple Leisure Group for $2.7 billion. Apple Leisure, owner of the Secrets, Dreams, Breathless, Zoëtry and Sunscape resort brands, will greatly […]

August 23, 2021

So much can be done with a hotel’s In-Room-Entertainment (IRE) services, from direct communication with guests to pure entertainment. However, technology advances so quickly that it is extremely difficult to keep up with current technology trends. There is an entire […]

August 18, 2021

Postponed vacations, cancelled flights and less-than-satisfied travelers just about sum up the past year and a half. It’s indisputable that the travel industry took a major hit in 2020, as the entire world shut down before our eyes. In fact, […]

August 16, 2021

Hyatt Hotels Corporation (NYSE: H) today announced that Hyatt has entered into a definitive agreement to acquire Apple Leisure Group (ALG), a leading luxury resort-management services, travel and hospitality group, from affiliates of each of KKR and KSL Capital Partners, LLC for $2.7 billion in cash. The transaction is anticipated to […]

July 19, 2021

Hotel asset value is determined using multiple calculations, math problems, and sometimes magic tricks, but there are three critically important aspects of the physical plant that can make or break a hotel investment. As an owner or asset manager, keep […]

July 13, 2021

Tru by Hilton is marking its five-year anniversary with the opening of its milestone hotel. This feat represents the tremendous growth the brand has experienced since its record-breaking launch in 2016, adding nearly 100 hotels to its portfolio since the […]