sbe, the global hospitality and entertainment company, announced today that it has completed a $109 million financing with Fortress Investment Group for SLS New York, the 190-room luxury lifestyle hotel at 444 Park Avenue South.
The Pierre, A Taj Hotel, New York, a Forbes Travel Guide Five Star hotel and the U.S. flagship for Taj Hotels has appointed travel industry pro Michael Schneider as its Director, Travel Industry Sales. In Schneiders new role, he is responsible for all Preferred Travel Agency Partner Agreements within The Pierre; located overlooking Central Park East on New York Citys much coveted Fifth Avenue. With experience of working for some of the most prestigious luxury hotel brands in New York City including Omni, InterContinental, Peninsula and Viceroy, Schneiders vast knowledge of the hotel industry, his wide network of contacts, leadership skills and 30 years of experience within the travel & hospitality sector, make him the natural choice to join The Pierres dynamic sales team. Michael, a born and bred New Yorker, has the energy, drive and spark that we strive for at The Pierre, A Taj Hotel. This is actually Michaels return to The Pierre as he previously worked as Senior Sales Manager at Hotel Pierre in the early nineties for three years, and we couldnt be happier to have him back within the fold, this time joining The Pierre under the Taj Hotels Resorts & Palaces banner. said Maureen Stella, Director of Sales & Marketing.
Keynote speakers and workshop panelists at the 2015 NYU International Hospitality Industry Investment Conference, held June 1 and 2 at the New York Marriott Marquis, highlighted positive industry fundamentals that support a very optimistic outlook for the hotel industry. The tide of optimism spread through some 2,300 attendees from every corner of the industry. Increasing hotel supply and rising interest rates remain the most conspicuous potential stumbling blocks in the current economic cycle. Concerns, however, were all but assuaged by encouraging presentations from some of the industry's most prominent figureheads.
Ascott Residence Trust (Ascott Reit) is expanding its footprint to the United States of America (U.S.) by acquiring the 411-key Element New York Times Square West hotel located in Midtown Manhattan for USD163.5 million (approximately S$220.7 million1). The accretive acquisition at an EBITDA yield of 6.2% is expected to increase Ascott Reit's distribution income in FY 2014 by USD0.8 million, translating to a rise in distribution per unit from 8.44 cents2 to 8.51 cents on a pro forma basis. This acquisition comes hot on the heels of Ascott Reit's purchase of three quality serviced residences and four rental housing properties in Australia and Japan.
M&R Hotel Management today announced the appointment of Akash Nabi as general manager of the 75-room Days Inn Jamaica – JFK Airport, one of its four hotels serving John F. Kennedy International Airport.
M&R Hotel Management today announced the appointment of Akash Nabi as general manager of the 75-room Days Inn Jamaica – JFK Airport, one of its four hotels serving John F. Kennedy International Airport.
For visitors to New York who are looking for a night on the town or a place to stay and park their cars before a flight or cruise, M&R Hotel Management today announced a number of value-added packages at its New York hotels, available through Sept. 30.
Questex Travel Group today announced that its next Incentive Travel Exchange (ITE) event will be held March 2-5, 2016, at The Delano Las Vegas at Mandalay Bay. ITE brings together high-volume incentive buyers based in North America and sought-after global travel suppliers including hotels, resorts, spas, cruise lines, tour operators and destination management companies.
A hospitality professional with a track record of operational successes, Daley will serve as general manager of the prominent Dream Downtown, responsible for overseeing all operational and financial aspects of the hotel to promote growth and assure optimum performance. He assumes this role following his shift as director of operations for Hampshire Hotels Management.
GREAT NECK, N.Y. (June 16, 2015) – M&R Hotel Management today announced the appointment of Marcello Munoz as general manager of the 271-room Holiday Inn New York–Times Square South ̶ the newest addition to its managed portfolio ̶ which is scheduled to open later this year.
NEW YORK (June 16, 2015) ─ Questex LLC and HSMAI's MEET today announced they have entered into a partnership with Meeting Professionals International (MPI) to offer two certificate courses to attendees of its upcoming MEET National event. The two courses include MPI's Meeting Essentials2 Fast Track and Healthcare Meeting Compliance Certificate (HMCC) programs.
M&R Hotel Management today announced the appointment of Edward Malone as general manager of its 105-room, full-service Holiday Inn Staten Island. Malone, a 27-year hospitality industry veteran who has served hotels in Virginia, New Jersey and Pennsylvania, will oversee all aspects of the hotel's operations, including sales, marketing, security, maintenance, housekeeping and accounting.
M&R Hotel Management today announced the appointment of Edward Malone as general manager of its 105-room, full-service Holiday Inn Staten Island.
Northwood Investors, a New York-based real estate investment and management firm, confirms that it has entered into a contract to sell The New York Palace Hotel to LOTTE Hotels & Resorts, a Korea-based owner and operator of luxury hotels. The transaction is scheduled to close later this summer subject to satisfaction of customary conditions.
New York based boutique hotel, the Mark, is upgrading its online distribution solution to Connect by eRevMax to benefit from 2-way connectivity between its property management system and online sales channels. The hotel, which has been using RateTiger Channel Manager, is migrating to enterprise connectivity solution from eRevMax to process all third party channel updates via MICROS Opera PMS.
The 2015 HVS Manhattan Lodging Overview examines the effects of up and down economic cycles on Manhattan hotels, reviewing trends in hotel performance, supply, and demand over the past 25 years. The report also provides the most current information available on today's market, as well as forecasts for supply growth and hotel performance. The 2015 HVS Manhattan Lodging Overview provides detailed insight and data-rich graphs, charts, and tables in order to track the trajectories of hotel supply, demand, and performance. Together, these insights shed light on the most current factors affecting the hotel landscape in Manhattan—critical market intelligence that hotel developers, lenders, owners, and brand representatives can put to use.
Next month at HITEC (Hospitality Industry Technology Exposition & Conference), Fourth Inc. will be unveiling its unique web ordering solution for full- and select-service hotels. The new solution combines an easy to use consumer style purchasing tool, a community forum enabling collaboration between brand operators and key behavioural analytics identifying trends. Fourth also will be presenting its Adaco end–to-end solution for hotel inventory control, procure-to-pay, menu engineering and analytics, along with a new mobile-goods receipting solution that complements the company's mobile approvals, inventory and transfers solutions. The event will be held June 16 to 18 at the Austin (Texas) Convention Centre and Fourth will be in Booth #1421.
Morgans Hotel Group Co. (NASDAQ: MHGC) and General Assembly ("GA"), the global educational institution offering instruction and opportunity in technology, business and design, today announced the full line-up for their first ever 'Creator's Unconference,' to be held at Hudson next weekend from Friday, May 29th - Sunday, May 31st.
Morgans Hotel Group Co. (NASDAQ: MHGC) (the "Company"), today announced that Jason T. Kalisman has resigned as Interim Chief Executive Officer of the Company to spend more time on personal matters, effective immediately, and he will remain a member of the Board. Howard M. Lorber, veteran real estate investor and member of Morgans Board, has been named Chairman. The Board intends to continue its CEO search and in the interim, Richard Szymanski, Chief Financial Officer, will temporarily assume the duties of the principal executive officer for securities law reporting purposes.
GB Lodging and Thompson Hotels announce the appointment of Managing Director Robert Andrews. Mr. Andrews, a decorated graduate of London South Bank University, most recently served as Director of Operations for the four New York City Kimpton Hotels. Previously, he was General Manager for both the Soho Grand and Tribeca Grand Hotels.