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Supplier News
Spirides Arranges $2.33 Million Hotel Debt Refinancing for Hilton Hampton Inn Laurinburg, NC
TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged, and its client has closed on a $2.33 million debt refinancing with a permanent loan from a southeast U.S. headquartered lender to refinance existing debt for the Hampton Inn by Hilton in Laurinburg, North Carolina.
CHMWarnick Launches Proph+IT ä Technology Platform Hotel Asset Management 2.0
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 Arranges $5 Million Hotel Construction Loan for New Holiday Inn Express in Latta, SC
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.
Shiji Increases Commitment to SnapShot, Acquires Founders Shares
Changes to SnapShot's company shareholder structure announced as Shiji increases commitment to SnapShot vision of a hospitality data platform.
Broadvine Introduces New Products for its Platform: Broadvine Insights and Broadvine Essentials
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.
HITEC Houston: Invisible Innovations & Mobile Solutions
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.
Celebrating A Century of Hospitality
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.
Chartres Lodging Group and Kokua Hospitality Select Aptech for Business Intelligence, Budgeting/Forecasting, Enterprise Accounting
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
RobertDouglas Advises Geolo Capital and JW Capital Partners on the Forward-Sale of the Thompson Washington, D.C. to Union Investment
‘Optimistic with a hint of caution’ was the sentiment at IHIF 2018
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.
FIFA World Cup 2018: a new challenge for the hotel industry
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!
Adrian Zecha to be given IHIF Lifetime Achievement Award
Visionary hotelier and businessman, Adrian Zecha has been awarded the International Hotel Investment Forum (IHIF) Lifetime Achievement Award 2018.
RobertDouglas Advises on the Sale of the Hilton Melbourne Rialto Place, Melbourne, Florida
RobertDouglas announced today that it advised a private owner in the sale of the Hilton Melbourne Rialto Place to The Buccini/Pollin Group.
Guestline focuses on further growth in 2018 following successful year of investment
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’s Meituan investment is a big deal
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.
$20M in Growth Funding Propels OTA Insight
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.
Beekeeper Crisis Communications White Paper to Help Hotels with Non-Desk Workers Establish Best Practices and Foster Preparedness
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.
Rainmaker Announces Antitrust Clearance from U.S. Department of Justice, Clearing the Way for Completion of Multifamily Assets Sale
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.
Viceroy Chicago Implements InvoTech’s RFID Uniform Management System to Reduce Operating Costs
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.