Development Supplier News - Hospitality Net

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June 15, 2022

Transcendent to Unveil Latest Platform Enhancements at HITEC Orlando, Including Unified Housekeeping, Maintenance and Engineering Operational Management Solution

Transcendent, the industry’s leading enterprise asset, maintenance, and capital planning management software, today announced that a new set of feature enhancements will make their debut at HITEC Orlando. Enhancements being featured will include a housekeeping, maintenance and engineering solution that drastically improves cross-departmental collaboration, communication and task management, as well as powerful asset management features and CapEx planning capabilities. At HITEC 2022, set to take place June 28-30 in Orlando, show attendees can schedule a private demo with Transcendent representatives at booth #829 to experience these new enhancements and discover how their teams can optimize departmental efficiency, while minimizing labor costs and increasing the longevity of valuable property assets.

May 30, 2022

388 Ventures and Life House Open The Lenox Collection in the Berkshires

Following extensive renovations, three storied boutique properties located in downtown Lenox are reopening together as part of The Lenox Collection, a newly reimagined family of inns connected by their deep historical roots in the town and elevated contextual design. As part of the reopening is Ophelia’s, a 66-seat restaurant and bar offering farm-to-table comfort food in an intimate indoor-outdoor setting, with locally sourced ingredients and curated cocktail list. New York-based firm 388 Ventures acquired the properties in 2021 and brought on independent hotel management company, Life House, to lead design and branding, as well as oversee all hotel and F&B operations leveraging their tech-enabled management platform.

Lenox, Massachusetts, United States

May 17, 2022

Revealing the Hottest New Hotels in the US: Tripadvisor Awards

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.

April 7, 2022

Groups360 Raises $35 Million in Funding to Support Rapid Growth

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.

March 29, 2022

Spirides Provides $7 Million in Loans to Refinance Debt & Renovate Two Hotels in Sylva, NC

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.

Spirides Hotel Finance Company

Sylva, North Carolina, United States

March 29, 2022

Access Point Financial Refinances Portfolio of Four Hotels for Walker Reynolds Lodging Partners

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.

Access Point Financial, LLC

January 10, 2022

Tourism Start-Up LynKey Announces Blockchain and NFT Solutions for $8 Billion of Smart Tourism and Property

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.

Lynkey International Ltd.

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October 1, 2021

The Resort and Residential Hospitality Forum (R&R) will bring together senior leaders in leisure hospitality investment in The Vilamoura Algarve

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.

September 21, 2021

Access Point Financial Forms Strategic Alliance with Pike Hill Lodging Partners and Expands Executive Leadership Team

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.

Access Point Financial, LLC

August 17, 2021

Mercure Timisoara Adopts VingCard Allure Locks With Mobile Access by ASSA ABLOY Global Solutions to Provide Guests With Latest in Smart Room Convenience and Modern Hotel Design

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.

Vingcard | ASSA ABLOY

Timisoara, Romania

June 10, 2021

The Westin Anaheim Resort Marks Grand Opening with InvoTech Systems

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.

Anaheim, California, United States

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March 21, 2021

DTP Selects StayNTouch for Cloud PMS & Contactless Technology

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.

Las Vegas, Nevada, United States

February 3, 2021

Omni Oklahoma City Hotel Marks Grand Opening with InvoTech Systems

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.

January 14, 2021

Spirides Provides $13.5 Million Hotel Construction Loan for new Comfort Suites in Lake Buena Vista-Orlando, FL

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.

Spirides Hotel Finance Company

Orlando, Florida, United States

November 23, 2020

Access Point Financial Provides FF&E Financing for Aloft Omaha Aksarben Village

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.

Access Point Financial, LLC

November 17, 2020

Alpine Investors’ ASG Acquires ProfitSword, Market Leading Hospitality Software

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.

November 12, 2020

Access Point Financial Secures $8.85 Million To Refinance the Grand Rapids’ Delta Hotel by Marriott

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.

Access Point Financial, LLC

November 2, 2020

GOLD INN and GINN Hotels Remotely Switch from OPERA to apaleo

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.

September 21, 2020

U.S. Diversity Group Launches First African American-Owned Hotel Investment Fund

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.

U.S. Diversity Group

August 27, 2020

ProfitSword and Infor Partner to Provide Hoteliers With Enhanced Business Intelligence Insight into Group Room, Banquet and Catering Revenue Performance

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.