Tripadvisor recently announced the 2022 Travelers' Choice Awards for Hotels, revealing all the best places to stay this year. As part of these awards, Tripadvisor revealed the top 25 Hottest New Hotels around the world and in the U.S. These are the latest and greatest hotels travelers tried in 2021.
Groups360, a leading platform for booking group travel, today announced the completion of a $35 million funding round led by Zigg Capital and including Blackstone Innovations Investments, and Fir Tree Partners. They join existing investors Accor, Hilton, IHG Hotels & Resorts, and Marriott International.
Spirides Hotel Finance Company has successfully provided and the borrower has officially closed $7 million in loans to refinance the existing mortgage debt and fund renovations to the Holiday Inn Express and Clarion Pointe hotels in Sylva, North Carolina.
Access Point Financial, LLC(APF), a leading direct lender focused exclusively on the hospitality industry, announced today that the company has originated $45.75MM in floating-rate debt to refinance four hotels owned by Walker Reynolds Lodging Partners (WRLP), a Colorado-based private real estate investment firm. The hotels are all managed by Aileron Management, the exclusive management company of WRLP, and include a Residence Inn by Marriott in South Carolina and three Hampton by Hilton hotels located in Iowa and Wisconsin.
LynKey, a global platform that powers luxury resort and vacation property with Blockchain, AI, NFTs, and Metaverse tech, just launched a project aiming to tokenize and offer NFT, Metaverse solutions of over $8 billion dollars for travel and tourism.
The Resort and Residential Hospitality Forum (R&R) is Europe’s only resort-focused investment conference and the 2021 edition is taking place at the Tivoli Marina Vilamoura Resort on 25-27 October 2021.
Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the expansion of its platform via the forming of a strategic relationship with Pike Hill Lodging Partners (Pike Hill). The enhanced collaboration is notably set to provide industry professionals with access to the combined expertise of both organizations while ensuring even greater flexibility in the ability to tailor financing to meet specific hoteliers needs. Ensuring the success of this combined effort is APF’s appointment of Pike Hill co-founders, Tim Peterson and Ankur Shah, who will join the company’s executive leadership team as Managing Directors and Co-Heads of Capital Markets and Corporate Development.
ASSA ABLOY Global Solutions with its leading expertise in hotel security and guest experience innovation, has been selected by the Mercure Timisoara to provide its guests with the highest standard in safety, convenience and personalization with the implementation of VingCard Allure door locks and Mobile Access. Recently opened to guests and providing several firsts for the Romanian hospitality market including the obtaining of BREEAM certification, Mercure Timisoara with the addition of VingCard Allure is further able to achieve its goal of blending traditional Romanian-inspired décor with the latest in modern and smart room innovation that the industry has to offer.
InvoTech Systems Inc. announced the recent implementation of its Uniform System at The Westin Anaheim Resort. InvoTech Systems is the leading provider of advanced Linen Management, Laundry and Uniform Systems that integrate the latest RFID technology to increase profitability for hotels, resorts, casino operators, sports arenas, convention centers and theme parks. The InvoTech System installed at The Westin Anaheim Resort manages the Uniform inventory for 500 employees, and the new Westin joins InvoTech’s extensive client portfolio of Marriott International Resorts worldwide. Click here for more information on InvoTech’s Linen, Laundry and Uniform Systems.
DTP, a Las Vegas real estate firm, has selected StayNTouch Cloud PMS and Contactless Check-in solutions, for its Downtowner and Oasis at Gold Spike boutique hotel properties.
InvoTech Systems Inc. announced the recent implementation of its Uniform System at Omni Oklahoma City Hotel. InvoTech Systems is the leading provider of advanced Linen Management, Laundry and Uniform Systems that integrate the latest RFID technology to increase profitability for hotels, resorts, casino operators, sports arenas, convention centers and theme parks. The InvoTech System installed at Omni Oklahoma City Hotel manages the Uniform inventory for 500 employees, and the hotel joins InvoTech's extensive client portfolio of hotels worldwide. Click here for more information on InvoTech's Linen, Laundry and Uniform Systems.
Spirides Hospitality Finance Company has successfully provided and the borrower has officially closed a $13.5 million construction and permanent mortgage loan made by a Southeast U.S. headquartered bank to finance the development of a new Comfort Suites in Lake Buena Vista, Orlando, Florida.
Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Center 60 Hospitality to finance the furniture, fixtures and equipment at the recently built Aloft Omaha Aksarben Village in Omaha, Nebraska.
ASG, a portfolio company of Alpine Investors that buys, builds and operates vertical SaaS companies, today announced that it has acquired ProfitSword, a hotel property operations software that provides business intelligence and data management software for the hospitality industry.
Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT to refinance the Delta by Marriott in Grand Rapids, Michigan.
With last week's grand opening, the sixth property from GOLD INN and GINN Hotels successfully launches, bringing the group's total to over 900 rooms running on apaleo's accommodation cloud services.
A trio of prominent African American business leaders has announced the formation of U.S. Diversity Group LLC, a real estate owner, development and management firm that is now offering investment opportunities through its hotel fund for the acquisition and management of properties. It is the first SEC-registered hotel investment fund owned by African Americans.
ProfitSword, a premier developer of hospitality-related business intelligence and data integration software, has partnered with Infor, a leading provider of global cloud business software, to equip hoteliers with the latest in group room, banquet and catering business performance analysis technology. Via the integration of ProfitSword's suite of BI solutions with Infor's advanced Sales & Catering software, hospitality professionals currently experiencing labor shortages can nonetheless obtain insight to help them accurately determine if group sales targets are being met, how current sales performance compares to previous time periods and what the future sales outlook is projected to be for their business.
Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the debut of a new online resource entitled, "Navigating Hospitality Finance 2020," which will appear within the Access ViewPoint blog beginning today. The informative four-part series is intended to help hotel owners and investors with an interest in hospitality to plan their best financial strategies during changing market conditions brought on by the Coronavirus (COVID-19) global pandemic and its direct impacts on the hotel industry.
Access Point Financial, LLC (APF), a leading direct lender and specialty finance company focused exclusively on the hospitality industry, today announced the completion of an agreement with Lodging Opportunity Fund REIT (LOF REIT) to refinance the Delta by Marriott in Green Bay, WI.