Waterton, an experienced owner and operator of hospitality and multifamily properties, announced today it will retain real estate investment banking and advisory firm, RobertDouglas to conduct a mergers & acquisitions search in order to further grow its hotel management platform.
Travelport (NYSE: TVPT), today announced its sponsorship and involvement of the unique Hack Horizon hackathon which will give 32 participants exclusive access to its technology whilst on a flight from Hong Kong to London.
WATG is pleased to unveil the design for Four Seasons Tianjin, located in the heart of China's fourth largest metropolis. Rising above the city's central business district and steps away from the main retail area and historic quarter, the 210-metre tower and podium offer 259 hotel guest rooms, 90 residential units and 5,000 square-metres of retail space.
InvoTech Systems, Inc., the leading provider of uniform, linen, and laundry inventory management solutions for hotels, casinos, resorts, and theme parks worldwide, announced that the Lucky Dragon Hotel & Casino implemented its RFID Uniform System to manage garments for its 800-person staff. InvoTech Systems has implemented inventory management systems for over fifty (50) Las Vegas hotels, casinos, and resorts. Please click here for more information on InvoTech's uniform, linen, and laundry systems for efficient operations.
Starting a new business is a challenge that makes us think of momentum and how much more than the latter is needed in order for a venture or idea to succeed. Businesses involve a lot of money, capital, infrastructure, training costs, and the right people who can support its progress and development. When a startup has no access to funds, it can benefit from the helping hand of a venture capital firm like Montreal- based Momentum Ventures which brings to the whole space a different business philosophy, lead by their CEO Matthew "Matt" Keezer.
Point A Hotels, a new UK brand recently launched by Queensway Group, will be represented by HotelREZ Hotels & Resorts (HotelREZ) on the GDS, via a 2-way interface with Guestline.
Hotel investors, owners, consultants and operators alike share a positive outlook for the Middle East hospitality industry in 2017, with strong market fundamentals in place and attractive investment opportunities on the horizon.
Times are good for the hotel industry, with many hotel and resort companies adding properties to their portfolio. When a property portfolio expands, everyone at the company works harder, there are more staff to train and manage, more reservations to process, and many more guests to track and market to. The Maestro team understands this growth and the elevation in operation and technology requirements that go along with it. Maestro's staff of seasoned hotel and technology professionals delivers market leading support services together with Maestro Multi-Property PMS hotel management software. Click here for more information on how to reserve, engage and socialize with Maestro PMS.
Buster, a leading consumer charter bus, limo and van reservation platform, raised $1.1 million in a new round of financing led by executives from Brand New Matter, Inc. ("BNM"), General Catalyst, Allen & Company, and Priceline veterans Jeff Boyd and Bob Mylod. The funds will allow the company to focus on growth initiatives such as expanding into new markets, enhancing the user experience and onboarding key new hires. The series brings the total amount raised to $3.8 million.
LW Hospitality Advisors (LWHA), a leading global lodging investment advisory firm, recently completed its consulting mandate with New York developer Triangle Equities who recently announced the operator and design team for a Westin hotel within its $231 million mixed-use Lighthouse Point project in St. George on the North Shore of Staten Island. The hotel is set to open by the fall of 2019 and will be the first full-service, business friendly, upper-upscale hotel on the Staten Island waterfront.
A fresh new concept for London's hotel sector has just floated in to the Royal Victoria Dock, offering an exciting splash of waterside hospitality and community spirit to the London Docklands. Good Hotel London is the latest property to join HotelREZ Hotels & Resorts' independent portfolio in the UK capital.
JLL, the world's leading real estate investment and advisory firm, has announced it is expanding its breadth of services in the Hotels & Hospitality Group (H&HG) in the MENA region.
RobertDouglas announced today that it acted as the exclusive financial advisor to Denihan Hospitality Group ("Denihan") in the restructuring of its joint venture partnership with Pebblebrook Hotel Trust (NYSE: PEB) on six upper upscale hotels in Manhattan known as the Manhattan Collection. The restructuring includes an exchange of ownership interests, with Denihan assuming full ownership of The Benjamin, Shelburne NYC, Fifty NYC, and Gardens NYC hotels and Pebblebrook assuming full ownership of the Manhattan NYC and Dumont NYC. The transaction values the six hotel portfolio at $820 million, or roughly $460,000 per key.
RobertDouglas announced that it advised a partnership of institutional private equity funds on the sale of the Tarrytown House Estate on the Hudson to a consortium of New York-based real estate investors.
RobertDouglas announced today that it advised 21c Museum Hotels in their selection of Junius Real Estate Partners ("Junius") as a strategic capital and growth partner. Junius, is a specialized real estate investment unit of the J.P. Morgan Private Bank, a division of J.P. Morgan Asset Management. Junius Hospitality Partners ("JHP"), a fund managed by Junius, has made an investment in 21c Museum Hotels. Under the agreement, JHP will deploy dedicated capital toward developing up to $250 million in projects for 21c's expansion. As part of the transaction, JHP will own a minority stake in the operating company.
Independent hotel systems leader Maestro PMS wrapped up its 2016 Maestro Users' Conference on September 1st. Executives and staff from more than 50 properties attended the sold-out event at The Omni King Edward Hotel in downtown Toronto, Canada. Attendees received information on new property software system enhancements, attended education sessions, and were provided with personal one-on-one learning labs with Maestro PMS professionals. Maestro also announced continued property software product enhancements including personalized functionality to its ResWave online booking engine, increased mobile technologies, and further data mining opportunities into Maestro's centralized database. Many of Maestro's technology partners also met with attendees at the conference to share their new advancements and offerings.
Your Hotel constantly buys materials and services from different suppliers. Do you want to automate the procurement process? Do you plan to combine purchases on all your suppliers at one place? Do you have a task to make the process of the procurement easy and convenient?
Sleep Retreat Hotels is a new, luxury boutique brand, launching in August 2016 with a 37-bedroom property in Cornwall, UK. The company is targeting rapid national expansion, with 16 hotels planned by 2018.When evaluating PMS', Nathan Westbury, Managing Director of Sleep Retreat Hotels, was looking for "software that is user friendly, great for guests and can also offer a central reservations system." After reviewing several leading solutions, he settled upon Xn protel's cloud native offering, protel Air.
RobertDouglas announced today that it advised KHP Capital Partners in the sale of the 70 Park Avenue Hotel. The 205-room boutique hotel, located on Park Avenue at 38th Street in the heart of Manhattan's Park Avenue South neighborhood, was purchased by a Spanish real estate investment company. The property will be managed by Mallorca-based Iberostar Hotels & Resorts – it will be their first U.S. hotel property -- and will be renamed the Iberostar 70 Park Avenue.
Hospitality IT solutions specialists, Avenue9, is delighted to announce that it has been awarded a one-year contract to operate as an outsourced IT Director for the luxury 163-acre Galgorm Resort and Spa – incorporating a spa village, three restaurants, 122 bedrooms and 12 self-catering cottages and cabins – at Ballymena in County Antrim, Northern Ireland.