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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.