Finance Supplier News - Hospitality Net

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November 16, 2017

Aptech’s PVNG Web-Based Enterprise Accounting Goes Live at 2 Hotel Companies

PITTSBURGH – Aptech Computer Systems announced Milestone Hospitality Management and Bellstar Hotels & Resorts implemented the PVNG enterprise accounting system. PVNG is Aptech's next generation enterprise accounting hotel software solution that is deployed in the cloud. Aptech is the leading provider of hospitality enterprise accounting, budgeting and forecasting, and business intelligence hotel software systems. Click here for more on Aptech's products and services.

November 9, 2017

Treasure Island Las Vegas Deploys B4checkin's Cutting Edge Technology To Further Protect Consumer Credit Card Data

Treasure Island Las Vegas has partnered with Agilysys & b4checkin, a developer and provider of cloud-based hospitality software, to deploy b4easypost - the industry's first and revolutionary online payment and posting software solution which greatly enhances the security of consumers' credit card information.

Las Vegas, Nevada, United States

October 18, 2017

Avendra to be Acquired by Aramark

Avendra, the leading North American hospitality procurement services provider, today announced that its Board of Managers reached a binding agreement with Aramark Corporation (NYSE: ARMK) to acquire the company for $1.35 billion. Avendra is owned by founding shareholders Marriott International, Hyatt, Accor, ClubCorp and IHG.

October 17, 2017

2018 Budget Season: Insights for Hotel Owners

As a follow-up to a recent series of articles covering the annual budgeting process (authored by Rich Warnick, managing director/co-chairman of CHMWarnick, and published by Hotel News Now), the asset management team at CHMWarnick has prepared the following guidance for hotel owners to consider during the 2018 budget season

October 11, 2017

10 Reasons Why You SHOULDN’T Attend the 2017 Phocuswright Conference

Countdown until $200 savings expires on October 20th. Register now to save! Here are 10 reasons you shouldn't attend The Phocuswright Conference.

October 9, 2017

RobertDouglas Advises on the Sale of the Sheraton Dallas-Fort Worth Airport Hotel

RobertDouglas announced today that it advised a private owner in the sale of the Sheraton Dallas-Fort Worth Airport Hotel to the Buccini/Pollin Group.

Dallas, Texas, United States

October 3, 2017

New Version of Agilysys InfoGenesis® POS Offers More Payment Gateways and Enhanced Casino Management System Integration

Agilysys, Inc. (Nasdaq: AGYS), a leading global provider of next-generation hospitality software solutions and services, today announced InfoGenesis® POS v4.4.10, the latest version of its award-winning POS system. The new release includes new and improved P2PE and EMV gateway options, improved casino management system (CMS) integration and enhancements to the user experience making it easier than ever to boost efficiency and increase revenue. InfoGenesis® POS is the comprehensive point-of-sale system from Agilysys that combines strong reporting and analysis features with easy-to-use terminal and tablet touchscreen applications and industry-leading offline capabilities. Designed to serve guests more effectively while being easy to set up and maintain makes InfoGenesis® POS the ideal system for companies looking to enhance operational efficiency and increase profitability. The system easily manages any combination of food, beverage and retail services, and integrates with other Agilysys applications and a wide variety of third-party offerings. InfoGenesis Flex, which offers full point-of-sale functionality on a convenient tablet device, provides a feature-rich mobile experience for poolside, casino floors, outdoor patios, convention floors, and other foodservice operations. InfoGenesis POS and InfoGenesis Flex are available as on-premises or Software-as-a-Service (SaaS) solutions.

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Why Hospitality Net Leads B2B in Hospitality

Learn what makes us the industry-leader in what we do.

Hospitality Net

October 2, 2017

Onyx CenterSource Appoints Steve Reynolds as CIO

Onyx CenterSource, the world's leading provider of hotel commission payment and recovery services, today announced the appointment of Steve Reynolds as chief information officer.

Onyx CenterSource

September 14, 2017

b4checkin's b4easypost Achieves Oracle Validated Integration with Oracle Hospitality OPERA

b4checkin, Inc., a Gold level member of Oracle PartnerNetwork (OPN), today announced it has completed Oracle Validated Integration of b4easypost v3.1 with Oracle Hospitality OPERA 5.5. b4easypost eliminates the use of credit card authorization forms with a secure and interactive platform for guests and meeting planners to make payments to hotels and then automatically posts those payments to Oracle Hospitality OPERA , therein with this two-way integration.

September 7, 2017

INTEREL secures €10m growth capital to fuel expansion of its Internet of Things (IoT) solutions for the hospitality industry

Paris, 7th September 2017 - Jolt Capital SAS, an independent and growing private equity firm, regulated by the Autorité des Marchés Financiers (AMF), has announced the investment of €10 million in INTEREL, a leading provider of IoT solutions for the hospitality industry.

August 30, 2017

ALICE Raises $26 Million Series B Funding from Expedia, Inc.

ALICE, an operations platform that empowers hotels to deliver a better guest experience through consistently excellent service, announced today it has secured $26 million in Series B funding from Expedia, Inc. (NASDAQ: EXPE), the world's largest online travel company. The completed investment makes Expedia® a majority shareholder in ALICE and deepens the commercial cooperation between the two companies that was originally established with an equity investment in 2015. ALICE intends to use the funds further the mission of delivering the very best technology and customer service in the industry. This round brings ALICE's total funding to $39 million.

August 8, 2017

Splitit Brings No Interest Payments to the Travel Industry

Splitit, a New York - based fintech start up, announced an agreement to bring no interest payments to travelers who book at more than 115 Leonardo Hotels across Europe and the Middle East.

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Why Hospitality Net Leads B2B in Hospitality

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August 8, 2017

RobertDouglas Advises Hospitality Resorts on CAD$213 Million Financing for Two Niagara Falls Hotels

RobertDouglas announced today that it has advised Hospitality Resorts Inc. on a CAD$213 million refinancing of the 1,006-key Hilton Niagara Falls/Fallsview Hotel and Suites, located in Niagara Falls, Ontario. Hospitality Resorts Inc. is a privately-owned hotel investment, development and management company that has been active in the Niagara hotel and restaurant businesses for more than 40 years. The fixed-rate, fifteen-year financing, one of the largest single hotel financings ever in Canada, was provided by Pacific Life.

Niagara Falls, New York, United States

August 1, 2017

Onyx CenterSource Appoints Chief Commercial Officer

Onyx CenterSource, the global leader in hotel commission payment and recovery services, today announced the appointment of Don Kelly, a 25-year hospitality industry veteran, as chief commercial officer.

Onyx CenterSource

July 26, 2017

TrustYou Invests in Enhanced Account Management To Ensure Maximum Client Satisfaction

TrustYou, the world's largest guest feedback platform, recently introduced its newly established Global Account Management team to better meet the requirements of internationally operating hotel chains around the globe. As major chains like AccorHotels and NH Hotels require a more detailed technological and personal assistance in order to successfully establish guest feedback management in all properties, TrustYou established this unit to ensure maximum support to enable the best possible usage of the platform across all departments. TrustYou offers a highly developed and user friendly technology for managing, marketing and analyzing guest feedback and provides individual solutions to accommodate the specific brand needs, such as the customized "Voice of the Guest" platform of AccorHotels. Larisa Huremovic is the Director of Global Account Management and leads the team. She has been working with TrustYou for six years and was actively involved in AccorHotels projects throughout the past four years, most recently as Project Manager.

July 16, 2017

6 Reports every Hotelier Needs

Hotel operations move fast and at times it can feel like there are a dozen fires to put out. As a hotelier, you want to spend your time growing your business and maintaining your vision. But you also want to remain ever-vigilant about threats to the bottom line.

May 4, 2017

Onyx CenterSource Acquires N.Y.-Based eCommission Solutions

Onyx CenterSource, the global leader in hotel commission payment and recovery services, today announced the acquisition of eCommission Solutions LLC, a New York-based company that provides revenue recovery, data management, business intelligence and consulting services to travel agencies, consortia and corporate travel managers.

Onyx CenterSource

Dallas, Texas, United States

April 26, 2017

RobertDouglas Advises VanTrust Real Estate LLC on the Sale of Hotel Sorella Country Club Plaza, Kansas City, MO

RobertDouglas announced today that it advised VanTrust Real Estate LLC on the sale of Hotel Sorella Country Club Plaza. Hotel Sorella was acquired by a partnership between a real estate investment management firm and a privately-held hotel management company.

Kansas City, Missouri, United States

April 7, 2017

Spirides Arranges $7.5 million hotel construction loan for new Hilton in Florence, SC

TAMPA, FL—Spirides Hospitality Finance Company has successfully arranged and its client has closed on a $7.5 million senior loan facility from a southeast U.S. headquartered bank to finance the development of a new Hilton Tru Hotel in Florence, SC. The terms of the financing are as follows: The first 18 months during construction will have mortgage payments which are interest only, priced at the prime interest rate plus .50% (currently 4.50%) per annum, adjusted quarterly. Upon completion of construction, the loan payments will convert to a 25 year fully amortizing principal and interest monthly loan payment schedule. The interest rate of the permanent loan will be fixed for five years, then adjusting every 5 years. The interest rate will be priced using the 5 year SWAP rate plus 3.55% (currently 5.55%) per annum. The loan amount was sized using a 75% Loan to Cost ratio, and there is no prepayment penalty after the first five years of the loan.

Spirides Hotel Finance Company

South Carolina, United States

April 3, 2017

CyberGhost VPN launches the Safe WiFi Project - A Hospitality Industry Premiere

CyberGhost VPN has successfully launched the Safe WiFi Project: the first online security program generating revenue for brick-and-mortar partners which offer Free WiFi services to their customers. The pilot phase was implemented in 2016, together with Lagardere Travel Retail.