Walnut Creek, CA | “Every market is unique,” is the old adage, and certainly the adage is true for the meetings market, according to Hospitality Information Services (HIS), which tracks the meetings industry in 44 markets in the U.S. and Canada.
New Generation Hospitality (NGH) announced today that it has appointed KevinMahoney, President. New Generation has recently purchased Somerset Hills Hotel in Warren, NJ and the Inn at Somerset Hills in Basking Ridge, NJ. In addition to this acquisition, NGH also acquired the Four Points by Sheraton Hotel and Suites Allentown Jetport, Allentown Pa. at the Lehigh Valley Airport. As part of NGH’s plan, the company will seek to brand the Inn at Somerset Hills as a Hotel Indigo, the exciting new boutique concept initiated by IHG. The Four Points by Sheraton Allentown Jetport will remain a Four Points under a ten year agreement with Starwood Hotels and Resorts, and will also undergo and extensive renovation.
New Generation Hospitality (NGH) announced today that it has completed the acquisition of the Somerset Hills Hotel in Warren, NJ and the Inn at Somerset Hills in Basking Ridge, NJ. In addition to this acquisition, NGH also acquired the Four Points by Sheraton Hotel and Suites Allentown Jetport, Allentown Pa. at the Lehigh Valley Airport.
Premier Technology Integrator, with Strong Storage Focus, Significantly Enhances Agilysys Technology Solutions Offering and Geographic Footprint Agilysys Professional Services and Stack's Industry-Renowned Technical Solutions to Form Core of Agilysys High-Value Technical Services Offering Acquisition Underscores New Strategic Direction After Divestiture of KeyLink Systems Distribution Business
BOCA RATON, Fla. | Agilysys, Inc. (NASDAQ:AGYS) announced today it closed the sale of its KeyLink Systems Distribution Business assets to Arrow Electronics, Inc. Agilysys is now exclusively a leading provider of innovative IT solutions to the corporate and public sectors, with special expertise in select vertical markets, including retail and hospitality.
Broomfield, CO | With an increase of 214 percent over last January’s sales figures, PhoneSuite continues to break its own sales projections while at the same time breaking into new venues within the lodging industry.
Hotel Technology Solutions (HTS), a company formed by Mark Holzberg and Seabury Capital, has acquired Lorica Solutions. Joining HTS as equity partners are New York based Enhanced Capital Partners and Stonehenge Capital Company. Lorica is the developer of the Lorica Room Center (LRC), a cutting edge, managed converged network specifically designed for the hospitality industry. Lorica has more than 150 hotel customers today, with brands including Marriott, Hilton, Mandarin Oriental, Choice, InterContinental and Radisson.
Destination Properties announces the new addition to its portfolio of resort properties in Thailand – the acquisition of Surin Beach Resort in Phuket. Lehman Brothers provided the financing for this acquisition.
HERMOSA BEACH, CA, Hotel industry veteran Steve Higgins has launched a new venture, Canoe Hospitality. Canoe will focus solely on delivering innovative and highly personalized procurement services to the owners and developers of luxury hotels and resorts. The company is already working on two major resort developments in Southern California.
Arora International Hotels has announced today that it is working in partnership with the Surrey County Cricket Club to open a 170 bed four-star hotel at the Brit Oval in time for the Ashes in 2009. This exciting project is currently in the early stages of planning and local consultation.
Hendersonville, TN and London, UK, Smith Travel Research (STR), the recognized leader in hotel benchmarking, and The Bench, provider of online daily benchmarking data, are excited to announce the launch of their new daily, weekly, and monthly hotel reporting program.
FAIRFIELD, NJ | First American Realty Associates announced the $10.5 million short-term, non-recourse, acquisition financing of the 162-unit Courtyard by Marriott in Somerset, New Jersey. The LIBOR-based bridge loan allowed TLC Somerset, LLC to complete a reverse 1031 exchange over the following six months. This is the 18th Marriott property and 33rd New Jersey hotel financed by First American Realty.
CHICAGO | The 495-room Holiday Inn City Centre in Chicago was purchased today by CCC Hotel Partners, LLC – a joint venture between Oxford Lodging Advisory & Investment Group, LLC, of San Francisco, and Dubai Investment Group – in a deal that gives Oxford Lodging and its affiliated property management company, Kokua Hospitality, LLC, control of nearly 1,400 rooms at three high-profile properties in the heart of the city’s Magnificent Mile shopping, dining and cultural district.
Scottsdale, Ariz. | JDA® Software Group, Inc. announced today it will partner with European leisure travel group TUI UK to host an educational webinar for tour operators and other travel industry professionals to demonstrate the opportunity offered by Pricing and Revenue Management in the market for inclusive tours. The one-hour webinar, titled, “The Revenue Management Roadmap for Tour Operators,” will be held January 18 at 1 p.m. Eastern Time.
ATLANTA, GA | The Rainmaker Group, a world leader in revenue management software and services for multi-family housing and other industries, announced that Colonial Properties, Windsor Property Management Company (a General Investment and Development Companies affiliate), Mid-America Apartment Communities and Western National Property Management, with over 124,000 combined units, are conducting pilot installations of Rainmaker’s revolution LRO system. The pilots minimize operator risk by certifying the projected lease/rental fee lift and increased revenue generated by the revolution LRO revenue management system before a full-scale installation.
HOUSTON, Texas – Peter M. Ripin of the law firm Davidoff Malito & Hutcher and Lynne Messina of Highgate Holdings will be presenting, “Hospitality Online: Protecting your Valuable Keywords” at the 5th Annual Hospitality Law Conference February 8-9, 2007.
Washington, DC | The Knowland Group announced tremendous success in 2006, consisting of exponential growth in revenue, a swelling client base, and an increase in the number of markets it services.
Donohoe Hotel Advisory Group announced today that it served as advisors in arranging the sale of three distinct hotel properties totaling $28.3 million, located in Fredericksburg, Virginia, Hagerstown, Maryland and Berkeley Springs, West Virginia.
Basar International Group a Real Estate Services and Investment company that specializes in Private Sales is offering 1.2 Billion dollars in Hotels deals.The deals include hotel acquisitions,hotel deveolpment parcels with right to build,and several 5 star Hotel/Condo joint venture projects.
Atlanta, Georgia | Molinaro Koger (MK) announced today the successful completion of a transaction involving a group of select service hotels located in metro Birmingham, Alabama, which MK structured on behalf of a regional investor client. The group of properties consisted of the Hampton Inn, Holiday Inn Express and Comfort Suites in Fultondale, Alabama, a dynamic and growing suburb located just north of Birmingham. These assets were acquired by a related entity of Stafford Hospitality and were previously managed by H.P. Hotels, headquartered in Birmingham.