RobertDouglas announced today that it advised on the $57 million refinancing of the Marriott St. Louis Grand hotel. The five-year, floating rate financing was provided by a debt fund managed by Apollo Global Management.
RateGain Travel Technologies Pvt. Ltd., today announced that is one of the top Indian companies to win Deloitte's 2016 Asia Pacific Technology Fast 500™ Award, a recognition for the 500 fastest growing hardware, software, telecom, semiconductors, life sciences and emerging areas (green technology) companies in APAC. Winners of the Technology Fast 500 award have been selected on the basis of their percentage fiscal year revenue growth from 2013 to 2015 (or 2014 to 2016 for a financial year ending between January and June). During this period RateGain's revenue growth reached 105%, based on revenue received from various business activities.
Trusted by thousands of properties worldwide, Guestline solutions are fast becoming the system of choice for Hotels, Multiple Dwelling Units and Serviced Apartments. Peace of mind comes from partnering with a hospitality provider who has operated for more than 25 years and provides a mutually financially rewarding relationship.
Oklahoma City, OK & Spokane, WA November 30th, 2016 -- RLHC (Red Lion Hotels Corporation) (NYSE: RLH) announced today the release of an updated mobile app, Hello Rewards. The app leverages technology from Monscierge, a global software company specializing in innovative hospitality solutions, for customized design and development of the app. The Hello Rewards app is fully integrated into the RLHC guest recognition program, Hello Rewards, so guests can easily manage their membership and receive rewards.
RobertDouglas is pleased to announce that it advised Denihan in procuring $320 million of senior debt to refinance the Benjamin, Shelburne NYC, Fifty NYC, and Gardens NYC. The five-year financing was provided by Broad Street Real Estate Credit Partners II, L.P., a credit fund managed by the Merchant Banking Division of Goldman Sachs.
The hospitality industry is expanding rapidly. Hotel companies break ground on new build projects every week. Many operators are renovating older properties and reopening them as new brands from Marriott, Hilton, IHG and others. This expansion is based on investor capital; and investors demand a return. How do management companies deliver this return? Profitability.
RobertDouglas announced its presence in the market loudly with its #7 national ranking in Real Estate Alert's "Top Brokers of Hotels in the First Half." The firm closed five transactions totaling $320 million and only nar rowly missed beating out real estate giants HFF and C&W in the rankings. For more details, please visit the following link:
Cloud5 Communications is the premier North American provider of hotel and travel industry contact centers, Cloud-based voice offerings, guest Internet solutions as well as full-service network design and management. Trusted by both large and small brands worldwide, Cloud5 is continually innovating to deliver the ultimate solution in integrated communications. Today, the company announced that one of its core business units, its contact center services, has been experiencing dramatic growth over the past year.
Welcome to New Orleans and HFTP/HITEC. We know that just the words New Orleans always brings to mind Mardi Gras and the sounds of Jazz and while this is certainly the heart of New Orleans, there are some other things when visiting New Orleans that are an absolute must! Realizing that HITEC is already action packed with rush, rush and hurry, we have tried to save you a little time and have listed in order of priorities using the time old phrase of "Eat, Drink and Be Merry"!
RobertDouglas announced today that it advised Castleton Hotel Partners I, LLC in the sale of the ultra-luxury Capella Washington, D.C. to an affiliate of CTF Development International for $65 million. Following the acquisition, CTF Development International plans to rebrand the hotel under Rosewood Hotels & Resorts, its first ever in the nation's capital.
Starting March 2016 Lobster Ink, in partnership with Hotelschool The Hague, will be releasing a management focused series of courses for food and beverage department and revenue managers. Each course is 6 weeks long, made up of a 4 week theory component, and a week long 'Open Class' session hosted by an expert Hotelschool The Hague facilitator. In the last week students will need to submit an assignment to complete the course successfully. If all portions of the course are passed, students will receive accreditation from both Lobster Ink and Hotelschool the Hague.
New York, NY – January 6, 2016 – RobertDouglas announced today that it advised 52 West 13th P, LLC, a subsidiary of Gemini Real Estate Advisors, in the sale of The Jade Hotel Greenwich Village. The sale was the result of a Chapter 11 proceeding administered by the U.S. Bankruptcy Court for the Southern District of New York. The 113-key boutique hotel, located on West 13th Street in the heart of Greenwich Village, was developed by Gemini and was purchased for $78,000,000 by a venture comprised of Bridgeton Holdings and an offshore family office.
Starfleet Research, the IT market research arm of Starfleet Media, today announced the release of The 2016 Smart Decision Guide to Hospitality Revenue Management.
New York, (Dec. 22, 2015) – RobertDouglas announced today that it advised Richardson Redo LLC ("Redo") in the sale of the Residence Inn Hartford Downtown, a, mixed-use property located in the historic Richardson Building, a former Brown Thompson department store designed by H. H. Richardson, the pre-eminent 19th Century architect. The property includes the 120-suite Residence Inn by Marriott, nearly 70,000 square feet of retail and commercial space, and 139 spaces of garage and surface parking. Located in the heart of downtown Hartford, the Residence Inn has consistently been a market leader.
One of the most vexing questions posed to executives in any industry is: "how much should our budget be? Whether you are being asked to submit next year's budget or a funding request for your next campaign, knowing how to answer your management or ownership's budgetary questions is vital to your success (and job security)!
It's not creepy goblins, ghosts lurking in the corners, or even unexplainable paranormal activity. It takes more than just spooky happenstance to strike fear in the hearts of hotel revenue managers and marketers. This Halloween, we surveyed hotel marketing professionals across the country, from properties of all sizes… asking them what kept them up at night?
RobertDouglas announced today that it advised Chartres Lodging Group and Artemis Real Estate Partners on the $20.5 million financing for the acquisition of the Courtyard Long Beach Airport in Long Beach, CA. The Courtyard Long Beach Airport is a recently-built premium focused-service hotel that features 159 spacious guestrooms; Courtyard by Marriott's signature food and beverage outlet, The Bistro; approximately 2,000 square feet of meeting space; a heated outdoor swimming pool and whirlpool spa; and a well-equipped fitness center. The Property is ideally situated within the 261-acre Douglas Park mixed-use development that features a rapidly expanding tenant base including Mercedes-Benz, Virgin Galactic, The Kong Company, Food Pharma, and Turbo Air.
RobertDouglas announced today that it advised Meyer Jabara Hotels in the $35 million financing of the Providence Marriott Downtown. The five-year, floating rate financing was provided by ACORE Capital.
ATLANTA – The Rainmaker Group enjoyed a banner week as the recipient of two major awards by gaming publications during the Global Gaming Exposition in Las Vegas. On Monday, Sept. 28, Gaming & Leisure presented the company, the industry leader in profit optimization, with a prestigious Business Partner Award for Industry Excellence in increasing revenue for its customers. The award was presented during the Gaming & Leisure Roundtable, an annual, invitation-only forum designed to shape innovation in gaming and hospitality. In its 14th year, the forum hosts the greatest number of gaming CIOs in one private forum in North America.
ATLANTA – The Rainmaker Group has been ranked a champion in Info-Tech Research Group's Vendor Landscape report on revenue management systems, as well as an exemplary performer for casino hotels. The study evaluated eight RMS providers, who were selected for their broad capabilities across multiple platforms and their strong market or reputational presence among mid- and large-sized hotel enterprises. Those dubbed champions earned high scores for most evaluation criteria, offer excellent value, enjoy a strong market presence, and "are usually the trend setters for the industry," according to Info-Tech's report.