Supplier News

Access Point Financial, LLC

April 3, 2020

Access Point Financial Secures $9.2 Million Loan for Delta by Marriott, Green Bay

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.

March 4, 2020

SuitePad Announces its Latest Round of Funding Led by Riverside Acceleration Capital

SuitePad the leading provider of in-room tablets for the hotel industry - has announced the successful closing of its latest round of funding. The latest seven-digit round of funding comes from New York-based investment group, Riverside Acceleration Capital (RAC), as well as current investors Target Partners, IBB Beteiligungsgesellschaft, and Howzat Partners. With this fresh investment, SuitePad will further its expansion into the European, Asian, and US markets.

SuitePad GmbH

March 3, 2020

High Hotels Maximizes Performance Forecasting, Business Intelligence and Data Management Efficiency with ProfitSword Partnership

ProfitSword, hospitality's premier developer of business intelligence and data integration software, has partnered with High Hotels to implement its ProfitSage operational and financial reporting platform at all properties that the hotel management company currently oversees. Recently celebrating its 30th anniversary and continuing to experience significant growth with properties now located throughout New York, New Jersey and Pennsylvania, High Hotels leadership recognized a need to revamp its data management and financial analysis abilities in order to bolster further market expansion and operational efficiency. With ProfitSage now available to staff members throughout its organization, High Hotels is able to provide each employee with the tools they need to sidestep complexities in the performance data gathering process and instead focus on implementing informed business strategies that lead to enhanced revenues and reduced costs.

February 4, 2020

Residence Inn Panama City Selects ASSA ABLOY Global Solutions to Ensure Highest Standards in Security, Operational Efficiency and Guest Convenience

ASSA ABLOY Global Solutions has announced the successful implementation of its advanced security access platforms at Residence Inn Panama City. A recently opened extended stay hotel that offers homelike surroundings and a relaxing community atmosphere, Residence Inn Panama City recognized the need to implement advanced security solutions in order to provide each guest with total peace of mind throughout their stay. To achieve this goal, hotel leadership opted to implement Elsafe Zenith safes and VingCard door locks with Mobile Access-ready abilities so that guests and their belongings can be protected using the latest in encryption technology while future proofing operations to meet evolving guest needs.

Vingcard | ASSA ABLOY

January 28, 2020

Real Hospitality Group Adopts Full Suite of ProfitSword Business Intelligence and Data Management Solutions

ProfitSword, hospitality's premier developer of business intelligence and data integration software, has been selected by Real Hospitality Group in order to obtain a real-time and fully comprehensive overview of its financial performance across the breadth of its organization. Recognized as one of the fastest growing hotel management companies in the U.S. and renowned for its corporate responsibility, including leading industry efforts to end child trafficking and partnering with Habitat for Humanity, Real Hospitality Group opted to implement the full suite of ProfitSword solutions to provide its team members with seamless data management and business intelligence abilities. This in turn empowers each employee with the ability to instantly implement information-driven strategies that lead to greater operational efficiency, cost-effectiveness and company-wide growth.

January 27, 2020

RobertDouglas Advises Geolo Capital and JW Capital Partners on the $120,000,000 Sale of the Thompson Washington, D.C.

RobertDouglas announced today that it advised a joint-venture between Geolo Capital and JW Capital Partners in arranging the forward-sale of the Thompson Washington, D.C. to Union Investment, a German institutional fund manager, for $120,000,000.

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Washington D.C., Washington, United States

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Spirides Hotel Finance Company

December 22, 2019

Spirides Arranges $10 Million Hotel Construction Loan for New Holiday Inn Express in Lumberton, NC

TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged and the borrower has officially closed on a $10 million construction to permanent, first priority mortgage loan from a Southeast U.S. headquartered bank to finance the development of a new Holiday Inn Express in Lumberton, North Carolina.

Lumberton, North Carolina, United States

December 6, 2019

Virtuoso® Reveals The Hottest Hotel Openings Of 2020

Global luxury travel network Virtuoso® is sharing its list of the most exciting properties around the world debuting over the next six months. From the eternally popular such as France and Mexico to the more exotic, including Japan and Botswana, these hotels and resorts are setting new standards in the ultra-competitive luxury space. On Virtuoso's must-see list, historic icons meet sleek beach resorts while lodges nestled in nature complement city retreats. The common thread amongst them is that these properties will delight guests with their distinctive character, varied experiences and superior service.

Virtuoso

October 23, 2019

Teneo Hospitality Group Welcomes Four Nobu Hotels to Portfolio

Teneo Hospitality Group, the premier Global Group Sales Organization, welcomes premier hotel brand Nobu Hotels and four of its properties to the company's US and Mexico portfolios with the addition of Nobu Chicago, Nobu Hotel Caesars Palace Las Vegas, Nobu Miami and Nobu Los Cabos. Founded by celebrity chef Nobu Matsuhisa, Robert De Niro and Meir Teper, the rapidly expanding luxury brand operates 10 five-star hotels in the US, Europe, Mexico and the Philippines and 41 signature restaurants on five continents. Eight new hotels are slated to open in Europe, the US, Middle East, Canada and South America.

Teneo Hospitality Group

United States

October 23, 2019

RobertDouglas Advises Braemar Hotels & Resorts on the $80-Million Refinancing of Pier House Resort & Spa in Key West, Florida

New York - October 23, 2019 - RobertDouglas announced today that it advised Braemar Hotels & Resorts (NYSE: BHR) in securing an $80-million non-recourse senior mortgage for the refinancing of Pier House Resort & Spa in Key West, Florida. Evan Hurd, Principal and Managing Director with RobertDouglas, made the announcement.

September 19, 2019

The DAYTONA Opens with the Full INTELITY Platform

INTELITY®, provider of the broadest enterprise guest engagement and staff management platform for hospitality, is pleased to announce it now powers The DAYTONA's mobile app and in-room tablets, giving guests access to hotel amenities and services on demand.

INTELITY

September 18, 2019

The John Hardy Group Announces Corporate Name Change and Several Key Appointments

Strategic hospitality development services firm, The John Hardy Group, today announced its official corporate name change to The Hardy Group after more than 27 years in business. The new name more broadly reflects an expanding leadership tier, that has grown after many years of expansion at the firm

The Hardy Group

United States

Ernest - Lighthouse's AI for hoteliers

September 18, 2019

Aspen’s Most Anticipated Hotel, W Aspen is Now Officially Open using the InvoTech Linen System

InvoTech Systems Inc. announced the recent implementation of its Linen System at W Aspen & The Sky Residences at W Aspen, the highly anticipated new hotel and residence from the iconic luxury brand now open in Aspen, Colorado. 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 W Aspen manages the Linen inventory for 10,000 linens, 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.

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Lighthouse

September 10, 2019

Buffalo Lodging Associates Ensures Maximized Data Management and Business Planning Efficiency with ProfitSword Partnership

ProfitSword, hospitality's premier developer of business intelligence and data integration software, has been selected by Buffalo Lodging Associates, an award-winning hotel management and development company, to maximize its operational decision-making abilities via seamless access to real-time performance data. With a portfolio consisting of 47 limited service and select service branded properties that are located throughout New England, New York, Florida, Ohio and Canada, Buffalo Lodging Associates has further opted to adopt the full suite of ProfitSword data management solutions to streamline the data-gathering process across the breadth of its organization.

September 4, 2019

RobertDouglas Advises Fespar Enterprises on Ground Lease for Luxury Hotel Development at Santa Barbara's Waterfront

RobertDouglas announced today that it advised Fespar Enterprises LLC in structuring a long-term ground lease with The Robert Green Company for the development of a world-class luxury resort on the waterfront in beautiful Santa Barbara, California.

Los Angeles, California, United States

August 22, 2019

RobertDouglas Advises Ashford Hospitality Trust On $29.75 Million Sale Of Courtyard Savannah Downtown Historic District In Savannah, Georgia

RobertDouglas announced today that it advised Ashford Hospitality Trust Inc (NYSE: AHT) on the sale of the 156-room Courtyard Savannah Downtown Historic District to Peachtree Hotel Group for $29.75 million. Evan Hurd, principal and managing director with RobertDouglas, made the announcement.

August 14, 2019

Collective Retreats Retains RobertDouglas Release To Help Secure Next Stage Funding

Collective Retreats, an experiential travel company that develops and operates luxury retreats in special and often secluded locations, announced today that it has retained investment banking firm RobertDouglas to structure a programmatic joint venture with a qualified real estate capital partner best suited to achieve its growth objectives via acquisitions and development opportunities.

August 6, 2019

Sava Holdings Maximizes Hotel Security and Design with VingCard Essence Door Locks

Sava Holdings, Ltd, a boutique hotel development company with nine properties currently flagged under several major hotel brands, has implemented VingCard Essence at two of its properties. As new construction projects, both the Aloft Fort Worth Downtown and Holiday Inn Express & Suites Plano East implemented Essence to present guests with a secure and convenient hotel environment along with a modern and enticing lock design.

Vingcard | ASSA ABLOY

June 12, 2019

ProfitSword and WVC RubixCloud Partner to Provide Hotels with Comprehensive and Seamless Business Intelligence and Financial Accounting Platform

ProfitSword, a leading provider of Business Intelligence solutions for the hospitality industry and WVC RubixCloud (WVCRC) providing best-in-class technology and accounting services, have partnered to create a comprehensive data management and accounting solution that provides key financial and operational benefits for the hospitality industry. The integrated solution is designed to allow a single hotel or an entire portfolio of hotels to easily add themselves to a robust, hospitality-specific technology and support environment with little setup and effort. Hoteliers can also benefit from preferred pricing that would otherwise be difficult to locate for such enhanced functionality.