CHMWarnick, the preeminent hotel asset management and owner advisory services company, announced today the launch of Proph+IT™, a revolutionary technology platform that harnesses the power of big data from an ownership lens to optimize hospitality investments and has the potential to redefine asset management as the industry knows it today.
Spirides Hospitality Finance Company has successfully arranged, and its client has closed on a $5 million construction and permanent loan from a southeast U.S. headquartered bank to finance the development of a new Holiday Inn Express in Latta, South Carolina.
Changes to SnapShot's company shareholder structure announced as Shiji increases commitment to SnapShot vision of a hospitality data platform.
Broadvine, a leader in Financial Performance Management software for the hospitality industry, announced today it released two new products to increase the breadth and flexibility of its application. Broadvine Insights expands the data and analysis capabilities of the existing application while Broadvine Essentials provides an entry-level product to companies needing to automate data consolidation, reporting, and forecasting processes.
SALTO Systems will be located at Booth 1025 during HITEC – the annual Hospitality Industry Technology Expo & Conference – which will be held at the George R. Brown Convention Center in Houston, Texas, June 19-21, 2018. We will have plenty of SALTO reps on hand to demo the host of electronic access control solutions we have for the hospitality industry which include the Ælement Fusion and JustIN Mobile.
In 1940, like so many people who travel to Savannah, George and Florence Spirides visited the city as an in-between stop on their vacation from New York to Miami, and that's all it took for the couple to fall in love with the Hostess City.
Aptech Computer Systems announced Chartres Lodging Group, LLC and Kokua Hospitality, LLC have selected Aptech's suite of financial solutions; Execuvue Hospitality Business Intelligence, Targetvue, and PVNG to streamline the companies' data collection, analysis, forecasting, and reporting processes. Chartres Lodging Group, an investment and advisory company focused on the investment, asset management, and development of high-quality lodging assets, works in tandem with Kokua Hospitality, an independent hotel management company with a portfolio of independent and branded hotels throughout the mainland U.S. and Hawaii. The two San Francisco-based companies are pleased to join forces with Aptech, the leading provider of hospitality business intelligence, budgeting and forecasting, and enterprise accounting hotel software systems. Click here for more on Aptech's products and services.
RobertDouglas Advises Geolo Capital and JW Capital Partners on the Forward-Sale of the Thompson Washington, D.C. to Union Investment
Last week, over 2,300 delegates from over 80 countries gathered at the InterContinental Hotel in Berlin for the International Hotel Investment Forum (IHIF). This marked the largest delegation in the events 21-year history. This year also brought 70 sponsoring companies supporting and exhibiting during the event and over 800 companies represented across the conference.
Day after day we are closer to the exciting sports event - FIFA World Cup 2018. In the beginning of December, a solemn drawing procedure took place, and now the whole football world is looking forward to the start! Meanwhile, the organizers continue preparations for the meeting of athletes, guests and fans in the summer of 2018. To ensure that the guests have a long lasting impression of local hospitality, it is necessary to take into account many important details. One of them is comfort and convenience in hotels where guests will stay. A new service DeskBell is a real catch for all hoteliers!
Visionary hotelier and businessman, Adrian Zecha has been awarded the International Hotel Investment Forum (IHIF) Lifetime Achievement Award 2018.
RobertDouglas announced today that it advised a private owner in the sale of the Hilton Melbourne Rialto Place to The Buccini/Pollin Group.
Leading global hospitality software business Guestline is planning for further growth in 2018 following strong performance this year. This has included a 20 per cent growth in its client base, significant investment in new technology and key markets worldwide, and development of its senior and country-level management teams over the last 12 months.
Priceline just strengthened its Chinese market position by investing into Meituan-Dianping, one of the fastest growing players in the Chinese digital space, showing its ambition in international expansion and giving it a new edge says the report into the online giant. In October 2017 Meituan-Dianping announced the investment as part of Series C funding into the start-up, which brings together group buying, booking and reviews.
OTA Insight, the cloud-based data intelligence platform for the hospitality industry, today announced $20 million in growth funding. Eight Roads Ventures led the round with participation from F-Prime Capital Partners and previous investors.
In an ongoing effort to balance hospitality and security, the hotel and lodging industry is uniquely vulnerable to crisis, and notoriously difficult to regulate. The Las Vegas shooting that occurred on October 1, 2017, is a particularly formidable example of how a lighthearted vacation can quickly turn into a nightmare. Recent hurricanes experienced in Houston, Florida, and Puerto Rico also had a major impact on the hospitality industry. The same goes for the earthquake that struck Central Mexico in September, and the wildfires that ravaged Northern California in October. This string of events is a mere microcosm of the types of situations that can wreak havoc on any hotel business.
The Rainmaker Group (Rainmaker), a leading provider of cloud-based hospitality revenue and profit optimization software, today announced that it has received antitrust clearance from the U.S. Department of Justice to transition its Rainmaker LRO multifamily housing business and product portfolio to RealPage, Inc., a Richardson, Texas-based global provider of software and data analytics to the real estate industry. The company anticipates the transaction closing will take place by the end of 2017.
InvoTech Systems Inc. announced the recent implementation of its Uniform System at the new Viceroy Chicago that opened September 1, 2017, located in the Gold Coast neighborhood. 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 Viceroy Chicago joins InvoTech System's extensive client portfolio of Hotels & Resorts worldwide. Click here for more information on InvoTech's Linen, Laundry and Uniform Systems.
It's a familiar story for hoteliers; there are simply not enough hours in the day to get all the work that needs to be done completed. To allow busy hotel owners and managers easier access to property financial data, at home and on the road, M3 has recently introduced its mobile app for both iOS and Android devices.
New hotel construction in major markets and second tier cities is signaling the growing strength of independent hotels and smaller entrepreneurial brands. The new properties span urban hotels, resorts, historic restorations, and anchors of major redevelopment programs, emerging business districts and dynamic new sports and entertainment complexes. They are breaking new ground in the areas of sustainability, art and architecture, historic preservation, food and beverage service and design, and using modern technology to create new meetings and guest experiences.