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Supplier News

HQUANT Launches Lodging Derivative Index

MANHATTAN/ITHACA, N.Y. | HQuant LLC today announced at the Morgan Stanley CMBS New Products Conference in Manhattan, the introduction of the HQuant Lodging Index (HLI), a new sophisticated investment tool for investors who wish to participate in the future performance of the hotel industry without investing in the underlying real estate. The HQuant Lodging Index, the first of its kind, will provide detailed information on seasonally adjusted hotel average daily rates (ADR) based on data collected on more than 3 million U.S. hotel rooms, or approximately 68 percent of the nation’s total.

HQuant LLC and HQuant LLC
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New Generation Hospitality Announces Appointment of Kevin Mahoney, President

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
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Lorica Solutions Purchased by Hotel Technology Solutions

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.

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Tour Operators to Gain Insights on Boosting Profitability at Upcoming JDA - TUI Webinar

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.

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The Rainmaker Group Launches Revenue Management Pilots with Four Major Multi-Family Housing Operators

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.