Los Angeles, CA – January 20, 2014 – RobertDouglas announced today that it advised Oasis West Realty, LLC, in a transaction involving the re-financing of the landmark The Beverly Hilton hotel and, in addition, a facility to finance the construction of the adjacent 170-room Waldorf Astoria Beverly Hills.
RobertDouglas announced today that it has advised Hospitality Resorts Inc. on a CAD$150 million refinancing of the 965‐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, seven-year financing was provided by Pacific Life.
Aptech Computer Systems announced that Sandals Resorts International (SRI) upgraded to the latest Execuvue Business Intelligence for easy-to-use, flexible global reporting for its 21 resorts throughout the Caribbean. SRI operates Sandals, Beaches and Grand Pineapple Beach Resorts. Aptech is the leading provider of hospitality software for business intelligence, budgeting, and enterprise financial accounting. Click here for more on Aptech's products and services. Execuvue BI enables Sandals to make decisions on near real-time performance information
WAKEUP CALL, the first online risk management solution designed specifically for the hotel industry, today announced the official launch of its next generation SaaS-based platform. After successful beta testing with select hotel properties over the past two years, the unique WAKEUP CALL solution is now being made available though an affordable subscription model with a proven ROI. This proactive approach to risk management helps protect hotels from potential liability and lawsuits, while consolidating and tracking related documents and data in the Cloud, so that it is easily accessible to all stakeholders in the organization.
RobertDouglas announced today that it advised Canyon Teton LLC, a Canyon Group of Companies subsidiary, on the $15 million financing of the Amangani resort located in Jackson, Wyoming. The financing was provided by Bank of Jackson Hole.
M3 Accounting + Analytics, the industry leader in hospitality accounting and analytics software, is pleased to announce its latest service concept offering to hoteliers, a new division of the business to be known as M3 Professional Services (M3PS).
Quadriga, the leading global provider of guest-facing technology solutions for the hospitality industry, today announced the results of its FY14 Financials for Quadriga Americas. Quadriga Americas provides a complete complement of Free-To-Guest, IPTV, HSIA and Network Services utilizing Quadriga's advanced range of technologies, which today support the global hospitality sector's largest number of IP-over-coax installations and more than 100,000 HSIA installations.
Push Button Management Fee Calculation automatically captures the necessary property and external data and drivers at month end close. It performs all the needed fee calculations across the enterprise, creates and delivers the corresponding invoice forms through a secure web portal, and then auto posts all the needed entries at both the Corporate and Property levels. Hands Free!
Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce the successful closing of a number of hotel and real estate purchases by members of its Chinese Investment Group™, and the promotion of Eudeen Chang to Vice Chairman of the Group. Chang is a founding member of the Group as well as a senior member of the Firm's JMBM's internationally recognized Global Hospitality Group®.
M3 Accounting + Analytics, the national leader in hotel-specific accounting software, operations reporting and business analytics, has closed out its fifteenth year in the industry with another successful year of growth in 2013. In December, M3's flagship hotel accounting platform, AccKnowledge, crested the 3,000 threshold of active hotels online.
RobertDouglas announced today that it advised Justice Investors in the $117 million refinancing of the Hilton San Francisco Financial District. The 10‐year, fixed rate financing was provided by Bank of America Merrill Lynch and Clarion Partners. Ideally located in the heart of San Francisco, the iconic hotel is at the crossroads of the Financial District, Chinatown and North Beach.
M3 Accounting + Analytics has launched a business alliance with STR that brings STR data directly into M3's hosted, business intelligence and analytics platform. It is available to any M3 Link client who subscribes to STR.
IHS GmbH, a provider of technology and marketing solutions to the global hotel industry, announces that Battery Ventures, a private investment firm focused on technology and innovation worldwide, has acquired all of the group's shares from Kings Park Capital (KPC), an independent equity investment firm based in London, UK.
Westlake Village, CA - (March 16, 2012) – The improving real estate market and greater access to available financing have proven to be beneficial to hotel buyers and sellers throughout California. Within the last few months, Brown Nester Hospitality Services, the most trusted name in hotel brokerage, has closed on properties located in Anaheim and Brentwood.
M3 Hotel Accounting has relocated its corporate offices to 340 Jesse Jewell Parkway SE, Suite 600 in Gainesville, Georgia. The move doubles operations space for the growing hotel accounting and payroll services company, where more than 15 jobs have been added in the last few years. Enhanced customer service, data center and training facilities have been designed to support improved company operations and workflow, in a facility that offers 24-hour security features and an on-site maintenance staff.
Domain Properties, a well-respected NYC company offering real estate broker, consultant, and advisory services, is interested in buying hotels. This knowledgeable team buys hotels in New York City, Long Island City, Brooklyn, NY, and Queens. Domain Properties has extensive knowledge as well as proven experience in Manhattan real estate.
Aptech Computer Systems, Inc., the leading provider of hospitality software for business intelligence, enterprise financial accounting, and resource planning, today announced that four hotel companies have selected the Profitvue® back office system for corporate and property financial accounting.
Aptech Computer Systems, Inc., the leading provider of hospitality management software for business intelligence and enterprise financial accounting, announced it launched development of an advanced hospitality financial accounting system - the Aptech Next Generation Accounting Solution.
Following an in-depth vendor selection process, Starwood Hotels & Resorts Worldwide, Inc. selected Adaco.NET, the world's leading hospitality procurement platform. The announcement was made at the HITEC 2010 conference that opened here today, the world's largest hospitality technology event.
As we enter year two of our challenging hospitality industry environment, creative hotel management teams are leveraging skill and experience to deploy effective new business strategies. Innovative management strategies, tech tools, and Business Intelligence (BI) are helping hotel companies save money, operate more efficiently, and increase profitability in the current economy.