Search

Press Release Development

Wall of U.S. hotel debt maturities to catalyze transactions

$5.8 billion of U.S. hotel single-asset securitized loans, including CMBS and CRE CLOs are coming due for maturity in 2024. Despite the U.S. hotel industry demonstrating strong RevPAR performance, there are multiple headwinds that could impede the refinancing of these securitized loans and compel owners to transact instead. These headwinds include the lagging profitability of U.S. hotels, persistently high interest rates, and historically high costs of property insurance.

JLL
United States
Appointment

Lynette Knutson has been appointed as General Manager at Hilton Madison Monona Terrace

Marcus® Hotels & Resorts, a nationally recognized owner and management company and division of The Marcus Corporation, today announced Lynette Knutson has been appointed as general manager of Hilton Madison Monona Terrace in Madison, Wisconsin. Knutson brings more than 30 years of hospitality experience in the southern Wisconsin and northern Illinois areas to oversee the award-winning 240-room hotel.

Hilton
Madison, Wisconsin, United States
Press Release Technology

BLLA’s Hospitality Conference, taking place in New York City on June 5th, is focused on investment solutions in the boutique hotel space

The Boutique Hotel Investment Conference, the premier event focused exclusively on independent boutique hotel investment, will take place next week on June 5, 2024, in New York City at The Florence Gould Hall beginning at 8 am. This one-of-a-kind conference promises a day of insightful discussions, networking opportunities, and unparalleled industry expertise tailored specifically to the needs and interests of boutique hotel owners, operators, and investors.

BLLA
United States
Ad #1 Hotel PMS
See why hotels are switching to Mews

Revenue up. Manual work down. Hotels using Mews see 35% higher RevPAR and 45% more upsells. Book a free demo. 
Mews
Appointment

Erica Thorne has been appointed as Director of Sales & Marketing at Sandbourne Santa Monica

Erica Thorne brings over 13 years of sales and marketing experience to Sandbourne Santa Monica. In her role, Erica will oversee Sandbourne's extensive marketing efforts and brand conceptualization, while driving continuous revenue. Since 2021, Erica has served as the Director of Sales and Marketing at Le Merigot Hotel, where her leadership propelled revenue growth and heightened brand visibility. Previously, she held the same position at DoubleTree by Hilton Port of Los Angeles, where she helped generate $3 million in revenue in 2020. Before moving to California in 2014, Erica led sales and marketing for Hilton and Starwood properties in Florida.

Crescent
Santa Monica, California, United States
Ad HITEC 2026
Visit HITEC 2026 in San Antonio!

HITEC is the center for the latest conversations on hospitality technology. Come and see the technology shaping the industry.
Hospitality Financial and Technology Professionals (HFTP)
Appointment

Bobby Smith has been appointed as Director of Sales & Marketing at Cambria Hotel Nashville Midtown

Smith, the newly appointed director of sales and marketing, has more than 30 years of experience and brings a deep understanding of Nashville's unique hospitality landscape to his new role. Along with opening the Cambria Hotel Downtown Nashville location and The Hermitage Hotel, Smith has held key sales and marketing positions at leading hotels and resorts in the Nashville area such as Vision Hospitality Group, Inc., Country Inns & Suites By Carlson and Radisson Nashville Airport.

Cambria Hotels
Nashville, Tennessee, United States
Appointment

Chris Delgado has been appointed as General Manager at Cambria Hotel Nashville Midtown

With 15 years of experience in the hospitality industry, Chris Delgado joins the Cambria Nashville Midtown team as general manager, bringing a wealth of expertise and a passion for delivering exceptional guest experiences. Prior to joining Cambria Nashville Midtown, Delgado served as general manager at Placemakr Premier SoBro where he implemented strategic initiatives that significantly enhanced guest satisfaction and operational efficiency.

Cambria Hotels
Nashville, Tennessee, United States
Appointment

Hector Ortiz has been named General Manager at Hyatt Centric Key West Resort & Spa

Hyatt Centric Key West Resort & Spa is thrilled to welcome Hector Ortiz as the newly appointed General Manager. With nearly 25 years of knowledge and expertise with the Hyatt brand, Ortiz will oversee operations, ensuring a continued commitment to the unparalleled experience at the hidden waterfront oasis in Key West, which is also home to the celebrity-helmed restaurant, Four Flamingos: A Richard Blais Key West Kitchen.

Key West
Key West, Florida, United States
Press Release Finance

Ernest N. Morial New Orleans Exhibition Hall Authority Takes Steps to Develop a Headquarters Hotel

The Ernest N. Morial New Orleans Exhibition Hall Authority (the Authority) has approved two resolutions critical to moving forward with the development of a 1,000-room headquarters hotel for the New Orleans Ernest N. Morial Convention Center (NOENMCC). In addition to accepting a formal letter of intent (LOI) with Omni Hotels & Resorts (Omni) to own and operate the headquarters hotel, today the Authority voted to approve a purchase and sale agreement for property at Convention Center Boulevard and Andrew Higgins Boulevard. The site, currently operated as the Sugar Mill event venue, is immediately across the street from the Convention Center and is the preferred site for the new headquarters hotel.

Omni
New Orleans, Louisiana, United States
Press Release General Management

Newport Hospitality Group Celebrates Milestone Promotions

Newport Hospitality Group, a leading hospitality company, announces the promotion of two exceptional leaders, Brendan McCoy and Whitney Altizer, to key roles within the organization. Brendan McCoy has been appointed as Senior Vice President & Chief Operations Officer, while Whitney Altizer assumes the role of Senior Vice President & Chief Commercial Officer.

Newport Hospitality Group
Williamsburg, Virginia, United States
Development Pipeline

Nickelodeon Hotels & Resorts Orlando Planned for Opening in 2026

Lion Star, Everest Place, and Paramount have unveiled their partnership to bring to life the much-anticipated Nickelodeon Hotels & Resorts Orlando in Kissimmee, Florida. Slated to open in 2026, this resort will be located in the Everest Place development and expertly operated by Lion Star Hospitality Inc., the exclusive US licensee for Karisma Hotels & Resorts, welcoming guests to explore a world of limitless fun and boundless opportunity.

Nickelodeon
Kissimmee, Florida, United States